The times. [volume] (Richmond, Va.) 1890-1903, 1894-05-18
Auction SALES.--FUTURE Day.

per cent. per ah""''''
sI95is0 first mortgage bonds OF we
| oxford and Henderson kaAfoao .,
| many. bearing interest at the Ie, 49,
| i per cent. per annun' payaDie
sIs@m0 first mortgage bonds OF the
Iaurens Railway Company, bearing IN
| terest at the rate Of per cent. per All
mum. payable semi-anhuanS; ,be tiqn
pfint Raadelman, AshebOrO ana Souul-
| EN- Railroad Company held by lne Nl.n-
| ,nond and Danville Railroad COMPANY
or the Central Trust Company as uus-
tees under the mortgage fOreclosed' being
bonds for the aggregate principal sum OF
si02 900, bearing interest at me rae
OF per cent. per annum, payable selHi-
annually. ,ho
SGl5. 900 first mortgage bonds OF tne
Yadkin Railroad Company, bearing III
terest at the rate Of per cent per an
num- payable semi-annuaiiy. 49,.
$3.50. 600 first mortgage bonds OF tne
North Carolina Midland kailroau I'm .
pany, bearing interest at tne rate 81 ~ =
per cent. per annum, payapie Seiiii-"i'
$50. 900 first mortgage bonds OF the
Danyille and Western Railway Company
bearing interest at the rate Oh ,,i per CENT
per annum, payable seini-ahhhaHS' .,
No bid for Parcel III. will be accepl-u
unless IL shall be at least s2.OpVp' am
unless the bidder shall first deposit Win
Ls AT the time Of making the bid, as Il
Dledge that such bidder VIII MAKE eVOu
his bid IL accepted by the Court lhe
sum of 100000 In money, certified checS
or consolidated , per cent. bonds eCulei
hv the Richmond and Danvile Railroad
Companys consolidated per cent mort
gage, taken at the par thereof
Hive shall next offer Tor SAFE as
unit. and IN one parcel all and singular
the above described property, being the
combined two parcels aforesaid and note
the highest and best bid therefor. NO
bid VIII be accepted for said properly
when offered as a single parcel for iess
than s2OOO.OOO. and unless the bidder shait
deposit with US as a pledge that ne VIII
make good his bid, If accepted by tne
Court the sum Of $2oOOOp IN money,
certified check or cQhSo!iua'TI1t ,i',,,dPo o
cent. bonds secured by the Richmond
and Danville Railroad Companys consoi.-
dated : per cent mortgage, taken at tne
mar thereof II the best BID Tor me
whole Of the property offered as one
parcel shall exceed the aSgregate OF lhe
hids for the same when offered as two
seDarate parcels we will strike OH tHe
whole property 10 the highest ana pest
bidder for the same as sold IN one PaICci'
but If the said unit bid Tor the enlIe
property as one parcel shah be less thah
fbo' aggregate Of the two separate plls'
mon We will strike off the separate par
Gle TO the respective highest and best
bidders for each Of such parcels upon
the prior o1er the'e'0i ''
II the separate parcel first above de-
ecrfbod tO-wlt-the lands ana property
i'm the District OF Columbia, sha" DE-
separately sold and such sale be CON
turned the same VIII be conveyed fIee
and clear Of the lien, payment or as
SUMPTION Of any receivers debt certlh-
cate. or preferential claims put SUBJECT
however 10 certain mortgages thereon
recorded in the oiice OF the Register OF
the District of Columbia.
Portions Of the properties above de-
scribed i'm Parcel II. will be sold subject
TO the Len Of certain mortgages ana
claims mentioned and specified TN the
said DEGREES 10 which reference is Hl'ue
for further particulars.
OF the price for which said property
shall be sold there shah Dc pAld IN caSh
at the time Of the sale the casn deposit
/ hereinafter required. when shaH De
received as a part OF the purchase price
! and also at the same time. ana from
/ time TO time thereafter. such lutther
horizons Of said purchase pr ce shail ne
paid ia cash as the Court may direct ~
i.r9ar. To meet the expenses or the SUITS.
! 1'ba Court reserves the right 10 reject
| any bid. and 10 resell said premises anu
| pr5partv. upon failure OF any purchaser
/ for twenty days 20 comply WIN any
order OF the Court requiring payment T.
! The balance OF the pur-n1St pic ~. 'i'.
! required 10 be paid I'm cash may either
! be maid i'm cash or the purchaser may
| e,tiery and make good said balance OF
! bis bid. in whole or ~ part, by pay l..5
over and surT-Llcring ontStahdE 3 t"i3'i-
| dated nOrtearc D per cent BONDS or SCRIP
| and overdue coupons apportainlnE thereto
| or either. said bonds. SCRIP ana coupons
| being received at sucn price OF Falut "7
| shall boz equivalent % me amount ,"i,
| ,ha holders thereof would De- enUucu I'd
| racsvo thereon in case the entire pui-
| chase price were paid in cash The pun
| chaser is not required to pay immedlat--
ly u cash the amount oi envy receiver :
! certificates. issued under the pIlrr OF
! INN. 1N iNlg and any notes, debts "i
ALLEGATIONS which shall not have become
due and payable at the time OF the corr
plet1n of the purchase, but shall rc'F va
Inc deed ana take tAe property purchase
amounts shall Do paid Ina from time 20
! time as such OBLIGATIONS shall mature
the Court reserving the right 10 reseIi
| Che premises or amy part thereon IN case
| Of any failure or oWs ion OF the pul-
| chaser 10 pay such amount into court
on account of the bid as aforesaid.
II any bid shall bee accepted by the
! Court and the person making the same
shall fail 10 comply with al the conC
ticns Of sale ara all orders of the Court
in respect thereto. the sum deposited by
| the bidder shall be forfeited. and shall
De applied as the Court may direct.
The purchaser or purchasers az Sdll
sale (cyccpt as hereinb-fore provided I'M
| consideration for such sale, and IN ada
| ton 10 TIE payment Of the sum or sums
| bid take the property purchased upon
The express condition that he or they Oh
| hrs or their assigns, approved by the
! Court win EMBELLISHMENTS protect
provide for and make good the receivers
| obligation for S2S0O0N. ddtcd Feuruaf!
| Il. 1894, deposited in the First Nauona
Bank of Charlotte. y. c., as security foi
! fne performance of the conditions OF IN,
lease of the North Carolina Railroad Com
| pauv. dated September ii, ISL and vii
also nay off and satisfy any and all
| outstanding and unpaid receivers certlu-
Gates or receivers notes or opnsatlois
issued under the order of June *, lN.2
and having priority over the lien OF the
mortgage foreclOscd, and all other claims
heretofore filed In the aboye-menu0nec
suits. but only when the Court shaH al
low such CLAIMS and adjudge the same
10 be prior in lien or superior in equity
20 the mortgage foreclosed, and In dc
| cordance with the order or orders or the
| Court allowing such claims and adjudgin.
with respect thereto; but this is not ap
plicable 10 the rights or claims OF the
| Central Trust company Of New YORK
| "a trustee under the first mortgage O
| October = 1874, or under the mOrtgdg,
| OF February /, 1851 or under the equip
| ment mortgages or either Of them; anl
the purchaser or purchasers or their ap
| proved assigns Will be entitled 10 appea
| from any and all orders or decrees o
| the Court N respect 10 such claims. O
any OF them, and shall have all the right
in respect 20 such appeals which th'
complainant Central Trust Company O
New York would have I'm case such ap
peals had been taken by ID. The pur
| chaser or purchasers shall also. as par
of the consideration, in addition TO the