Asheville daily citizen., 1893-02-17
TRUSTEI"S SALE

OF the entire plant, fixtures, apparatus, fran
chsc and other property of the Peoples
Light, Heat and Power Company, of Ashc-
vile, North Carolina.
Hy virtue of the powers vested in the un
dcrsigncd, ] l. Rankin. as trustee, by the
power of sale and other provisions OF the
deed in trust executed by the Peoples Light
Heat and Power Company of AshcNlllc
North Carolina, to me as trustee, which is
dated February -. 1891, and which is reg
Stcrcd in the office of the Register OF Deeds
OF Runcombe county, North Carolina. in
reference is hereby made for fun particulars
thereof the purpose of which said deed in
bonds OF $500 each and the interest and
coupons attached which are therein dcScrib-
I" f." nuthorizes ,,' e and directs the Undersigned
trustee If default shall be made in the pay
mcnt of any of said bonds or coupons of in
trrcst as they respectively become due, as
therein stated, and such default shall CON
tinuc for six t6) months upon the written re
quest, signed by n majority of the holders of
said bonds and coupons, to declare each and
all of said - bonds, together with all inter
, est then accruinE and all coupons represent
ing such interest to be due and payable and
| to execute said power of sale;
| And such default having been made and
having continued for six M onths and more
prior to this date, and such written request
having been made, now declare all said
be due and payable, and. by virtue of the
power OF sale aforesaid, have taken posses
| sion of the property mentioned in said deed
in trust and will sell the same at public auc-
| ton at the court house door in the city OF
| AShcNillc, III SAID county OF BunComDc, on
the Goth day of March, a. u, 1898, at Il
O'Clock noon
The said property is situated in the city OF
Ashcvc aforesaid being the entire steam
and electric plant. real estate, buildings and
| franchise and contracts for city lighting OF
the said Peoples Light, Heat and Power
Company and further particularly described
as follows:
First-AIl the rights, powers and privi
lcges which the said The Peoples Light
| Heat and Power Company has by virtue o
or under the contract made by the City
| ApI,.. t1I,aN II 4
lighting said city which said contract bears
date the first day of May: $500, which Is
city and to which reference is hereb Y made
for further and fuller particulars thereof.
Sccond--The following described real cs
tate, situated and being in the state of North
Carolina, i'll the county of Huucomhc ana III
the said city of Ashcvillc. being a part of the
Lyman land and more particularly bounded
and described as follows
Beginnng at a stake on the northeastern
margin of Riverside street. the northwest
crn corner of the lot belonging to the Bnlti
more United oil company, and runs thence
with said margin of said street n. - OF
w. 66 "a feet to stake; thence \. CO 2e
| l.. about los icct to the line of the
right of way of the W. y. <. X. Co; thence
| to the northern line of = < lot of said Balti
more United oil company; THENCE With tn,
line of the said lot south 65' A. w. about
los feet to the beginning, being part OF th'
land allotted to a. b. Lyman in the parti
tion of the LYMAN land.
Third-An the buildings situated ON sale
land and all boilers and engines thereon ant
and all appurtCnancCS thCrCunto bclonStni
or in any wise appcrtaininE; and further, on
Il National alternating dynamo OF one thou
sand light capacity, two Western electric ar
dvuamos of fifty light capacity each, to
4 gcthcr with all station apparatus, wires an,
other appurtcnnnccs connected thercwitl
in the electric light station sold to the sal'
The Peoples Light, Heat and Power com
pany by the National Electric Manufactur
ing company, and also all poles, lines, CIR
cults, transformers, lamps, sockets and "a
other wiring devices connected with o
pertaining to the said electric plant situate
within said city of AshcVlllc;
Together with all rights. privileges, frai
Chiscs, actions, and causes of action, dc
mands. claims, works and property of an
, and every kind, nature and description W hic
follow and arc conveyed or transferred q
assigned by sales under deeds of trust, h
; virtue of the Statutes of the state of Mort
Carolina.
| The terms of said sale are as follows:
! Five thousand dollars CS5, ,OOO) cash, til
balance of purchase money in Equal lnsta
mcnts. maturing at thirty, sixty and ninct
days from date of said sale, bearing lnteres
from date of said sale at he rate of eight pC
Ccntum per annum; deferred payments to |
secured by deed in trust upon property sol'
= executed according to the laws of Mort
: Carolina and in the usual form for such ii
strumcnts, containing the usual power
sale.
;, For further particulars apply to the unde
a signed at the battery Park bank. in said cit
: of Ashevic, or to McsSrs. Cobb " Mcrt
u mon, attorneys, No. . and -, Johnston bull
n ing, in said city. Dated. February :, $50
: ]. l.. RANKIN,
febl 3daily 3Od Trustee.