The times. [volume] (Richmond, Va.) 1890-1903, 1894-05-04
Auction Sales.--future Day.

annually. -. ., tho
yip5b0o first mortgage bonds OF ,he
| oxford and Henderson haiiIoan
] pany. bearing interest at the Iale W
| nn"% ner cent per annum, payable semi
sis0oi0 first mortgage bonds OF the
/ I.aiirens Railway Company, bearing N
terest at the rate Of per cent per an
| mum. payable semi-annually.
All first mortgage bonds OF the hish
| pint Randeman, Ash .boro and Souin-
EN- Railroad Company held by the klch-
| rnond and Danville Railroad Company
or the Central Trust Company as trus-
tees under the mortgage forecOsed, being
bonds for the aggregate principal sum OF
S4O2 OOO, bearing interest AT the rate
Of q per cent. per annum, payable SEMI
annually.
SGi5,OOO first mortgage bonds Of the
Yadkin Railroad Company, bearing IN
terest 1T the rate Of q per cent per an
num- payable scm-annually.
$4,000 first mortgage bonds or the
North Carolina Midland Railroad COM
pany, bearing interest at the rate OF
per cent. per annum payable se1li-dH-
nUally.
SaJ2. 600 first mortgage bonds Of the
Danville and Western Halfway Company
bearing interest at the rate Of per cent.
per annum, payable semi-annualy
No bid for Parcel III. viii be accepted
unless il shall be at least S2,VoOVO, and
Us at the time Of making the bid as
pledge that such bidder will make good
his bid 81 accepted by the Court the
SUN of 100000 in money, certified cheek
or consolidated per cent. bonds, secured
by the Richmond and Danvile Railroad
Companys consolidated per cent. mort
gage, taken at the par thereof
Hive shall next Ofter for SAFE as Il
unit, and m one parcel all and singular
the above described property, being the
T. afr at for rIH Il
the highest and best bid therefor. NO
bid Will be accepted for said property
when offered as single parcel for less
than 50 900. 900, and unless the bidder SHAH
deposit with US as pledge That he VIII
make good his BID, II accepted by the
Court. the sum Of S200.OD in money
certified check, or consolidated per
cent bonds secured BY the Rlchm0nd
and Dany1lle Railroad Companys consOl-
dated per cent mortgage, taken at the
par thereof If the best bid for the
whole of the property offered as one
marcel shall exceed the aggregate Of the
bids for the same when offered as TWO
separate parcels we viii strike OF the
whole property to the highest and best
bidder for the same as sold IN one parceI.
hut II the said unit bid for the entire
property as one parcel shall be less than
The aggregate OF the two separate Dlds'
then we will strike OFF the separate par
cells TO the respective highest and test
bidders for each Of such parcels upon
the prior offer therefor as above pro-
Yided
II the separate parcel first above de-
scr:bed. to-wtt-the lands and property
I'm the District OF Columbia. shall De
separately sold and such sale be CON
nrmed. the same will be conveyed free
and clear Of the lien, payment, or as
sumption of any receivers debt, certin-
cate, or preferential claims. but subject
however, 10 certain mortgages thereon
recorded i'm the Office Of the register OF
the District Of Columbia.
Portions Of the properties above de-
scribed in Parcel IL. will be sold subject
10 the lien Of certain MORTGAGES ana
| claims mentioned and specified ~ the
said DEGREES 10 which reference is maze
for further particulars. ....
OF the price for which Said property
shall be sold there shall be paid Ia cash
at the time Of the sale the cash deposit
hereinafter required. when snail ne
received as a part of the purchase price
and also at the same time. ana from
| time TO time thereafter such further
portions Of said purchase pi'ce Shail be
| paid in cash as the Court may direct, ~
| order TO meet the expenses or the Fults.
The Court reserves the Tght 10 REJECT
any bid, and 20 resell said premises ana
property, upon failure of any purchaser
for twenty DAYS TO comply with any
ordc of the Court requiring payment.
| The balance of the purchase price not
required TO be paid In cash may eltiler
| he paid i'm cash or the purchaser may
| satisfy and make good said balance OF
| his bid, in whole or In part by paying
| over and surrendering outstanding cohsoh-
dated mortgage per cent. bonds or SCRIP
and overdue coupons appertalnlng thereto'
| or either. said bonds. SCRIP ana coupons
being received at such price or Ndlue az
shall be equivalent to the amount lhdt
The holders thereof would be enttiei 10
receive thereon in case the entire pUI-
| chase price were paid In cash. Inc pur-
chaser is not required to pay immediate
| ~ in cash the amount Of any receiver ;
| certificates, issued under the order OF
| June 2S, 1892, and any notes debts, OF
| obligations which shall not have become
| due and payable at the time or the com
| pletion of the purchase. but shall receive
| The deed and take the property purchased
subject to the conditions that Such
| amounts shall be paid in from time 10
| time as such obligations shall mature
the Court reserving the right to resell
| the premises or any part thereof in case
| of any failure or omission Of the pur-
| chaser to pay such amount into court
on account of the bid as aforesaid.
II any bid shall be accepted by the
! Court and the person making the same
shall fan to comply win all the conc
| tions of sale and all orders of the Court
| in Fespec' thereto, the sum deposited by
| the bidder shall be forfeited and shan
| be appied as the Court may direct.
| The purchaser or purchasers at SAID
| sale Except as bereinbefore provided IN
| respect to Parcel j. shall, as part or the
| consideration for such sale, and III ada
| ton to the payment of the sum or sums
bid, take the property purchased upon
| the express condition that he or they OF
| his or their assigns, approved by the
| Court will, Notwithstanding, protect,
| provide, for and make good the receivers
| obligation for S2sO,0O0. dated February
| II. 1894, deposited in the First National
| Bank Of Charlotte, n. c.. as security Ior
| the performance Of the conditions OF Inc
| lease of the North Carolina Railroad Com
| pany, dated September II, 1911, ana VIII
| also pay off and satisfy any and all
| outstanding and unpaid receivers certii-
J Gates or receivers notes or obligations,
| issued under the order Of June -, ISL
| and having priority over the lien OF the
| mortgage foreclOsed, and all other claims
| heretofore filed I'm the aforementioned
| suits, but only when the Court shall al
| low such claims and adjudge the same
| to be prior In lien or superior In equity
| To the mortgage foreclosed, and in ac-
| cordance with the order or orders Of the
| Court allowing such claims and adjudglns
/ with respect thef etc; but this Is not APP
| plicabe 10 the rights or claims Of the
| Central Trust Company OF New York
! as trustee under the first mortgage OF
| October >, 1874. or under the mortgage
| OF February /. 1882, or under the equip
| ment mortgages or either Of them; and
| the purchaser or purchasers or their APP
| proved assigns will be entitled TO appeal
| from any and all orders or DEGREES of
| the Court In respect 10 such claims Oh
any of them. and shall have all the rights
| in respect TO such appeals which the
| complainant Central Trust Company OF
New York would have in case such ap-
| peals had been taken by 1t. The pur-
| cbagor or pIrph4SCFg shall also parl