The times. [volume] (Richmond, Va.) 1890-1903, 1894-07-07

CT lBEESyILLE AND NORTH CAROLINA
Rail ROAD COMPANY.

P | thereby designated, VIII, on the
= 22D DAY OF AUGUST. 1895.
or the day 10 which / may adjourn the
sale at IL o'clock In the forenoon. at the
passenger station Of the Ciarkcsviiic ant
! North Carolina Railroad Company. al
Soudan. Va, sell at public auction, 20 the
highest bidder or bidders, as an entirety
| and ia one parcel, the following described
RAILWAYS AND PROpERTY-yiz..
All the railroad of the Clarkesville and
| North Carolina Railroad Company from
the town Of Gainesville, Va, 10 the
North Carolina state line being a dis
lance OF about seven miles. and ali lands,
tenements or heredtaments, and all ease
ments and appurtenaHces belonging or
! appertaininG to said railroad, and also
the road-bed Of said railroad and the
superstructures and tracks thereon. and
| all stations, depOts. and other grounds,
/ and all rails, railways, ways and rights
Of way, tracks. sidngs, switches, bridges,
fences, turntables, water tanks, Yiaducts,
cuverts, passenger and other depOts.
warehouses car-houses, woodhouses. sta
ton houses, freight houses machine
| shops, and all other structures, erecuons,
buildings. and fixtures whatsoever. ac-
quired by or for the use OF the Clarkes-
Vile and North Carolina Railroad Com
pany or for the construction, mainte-
nance or operation OF the said railroad.
| ana all easehOlds. and all rights under
any contracts or agreements with the
| Gainesville and North Carolina Railroad
| Company; and all locomotives. engines,
| tenders, cars, and all other rolling stock,
ana all equipments, rails, ties, machinery.
| tools implements, fuel, and all materials
/ whatsoever and all other property, real,
| personal, and mixed, held or acquired by
| the Gainesville and North Carolina Rail-
! road Company for ard in connection with
! the construction, operation. maintenance,
| reparatiOn, or replacement Of said vail
| road, or any part thereof. or as cOnYe-
! nient or necessary for the use thereof,
| and all the corporate right, privileges,
and franchises Of the CiarkesvlIle and
North Carolina Railroad Company, and
all rents. profits, income. and earnings
arising or hereafter 10 arise or IN any
way issue from the said railroad, or any
part thereof or from any Of tire subjects
herein described; ana all the streets,
ways, passages, WateT-Courses, easements,
rights. liberties privileges, hereQitaments.
and appUrtcnances whatsoever unto any
of the abOve-described premises and es-
tates belonging or appertafnfng or u
belong or appertain, and the reversions
and remainders, rents, issues, and pron,s
thereof, and all the estate right. title,
and interest. property. claim, and de-
mand Of every nature and kind WbafSo-
ever OF the said Gainesville and North
Carolina Railroad Company. as Wei at
law as in equity, Of, in and to the same
and every part and parcel thereof eX-
cepting however, any donation or sub
scription heretofore voted or made or
hereafter 70 be voted or made for the
purpose Of aiding the construction Of
said railroad.
No bid therefor will be accepted from
any bidder for a sum less than S5.g0.
nor from any bidder who shall not place
in the hands of the special master or de-
post with him a the time OF making the
bid as 8 pledge that such BIDDER Will ma re
good his bid, II accepted by the court.
the sum Of 5000 in money or certified
check. or I'm bonds secured by the mort
gage of the Gainesville and North Caro-
Ina Railroad Company To the Central
Its41Cf Of a. a
November !. 1881. taking the same al par
Of their principal
OF the price for which said property
Shall be sold there shall be paid I'm cash
al the time Of sale the cash deposit here
inbefore required. which shall be received !
as part Of the purchase price and also |
at the same time and from time 10 Il ne |
thereafter such further portions of said !
purchase price shall be paid in cash as |
the court may direct In order TO meet !
the expenses of said suit and TO pay such /
claims, if any, against the N IrtEagDd /
property as the court may adlulge t. be |
prior ia equity TO the SAID MORTGAGE of /
November J. 1884, The court res rNes the /
right TO reject any bid, and 70 resell said !
premises and property, upon failure Of |
any purchaser Tor twenty days t. comply /
with any order Of the cour; requiri |
payment. The balance Of the VuIcra-e /
price not required TO be paid in cash may |
either be paid In cash, or the purchaser [
may satisfy and make good such balance
Of his bid in whole or in part by paying {
over ana surreudcIing outstanding y luds /
secured by said mortgage of November
], 1881, and overdue coupons appert1iulug
to such bonds, or either. sud bonds and
coupons being, received ut such Iri or
Nalle as shall be equivalent 10 the mo mt
that the holders thereof would tie edited
to receive thereon In case the euti.c pur-
chase price were paid ia cash.
If any bid shall be accepted by the
court and the person making tie he
shall fan 10 comply with all the coudi-
lions OF sale and all orders Of TIE court
in respect thereto. the sum deposited by
the bidder shall be forfeited. and shall
De aplutd as the court may direc..
Inc purchaser or purcha sers ~ said 81 q
shall as part Of the cOnslIcrati for
such sale take the property purchas.
upon me express condition IA { Pc r.
they, or his or their ass gus, approved r
the court, will pay off and satisfy amy
ana all claims filed in this cause. but Ouy
when the court shall allow such claims
ana adJudee The same 70 be prior in lien
70 SAD mortgage Of November T. 1sST |
delS or the court allowing such claims |
ana adJulglng with respect thereto. and |
the purchaser or purchasers, or their APP
proved assigns, shah he entitled TO aprea |
from any and all orders or DEGREES of the
court I'D respect 10 such claims or any OF |
men, and shall have all the rights in re-
specl 70 such appeals which the complain
tht central Trust Company, Of New
ldP pcen taken by IL. The purchaser or
'uichasers at said sale shall also, as part
ii the consideration ia addition to the
payment OF the sum or sums bid. take
ne property purchased upon the express
'oh1luOn that ne or they. or his or their
ssgns approved hy the court, VIII pay
~ and satisfy ali debt or obligations IN
urred. or 10 be incurred, by the receivers
iavi1g possession of such property, which J
AVE not been, or shall not be-. paid Ivy
aid receivers, and which SHALL be adj
judged by the courts t. be debts or Obu-
ltiOns properly chargeable against the
property purchased, and to be prior or
uperior TO the lien OF said mortgage OF
November !, 1857.
The court reserves the right 10 ret9ke
nd resell said property in case II the
allure or neglect OF the purchaser or
purchasers, or his or their as.i-ns ap-
rOYed by the court as aforesa It to com
~ with any order OF the court In respect !
o payment Of prior Hen claims above
mentioned within twenty days after ser-
ice or q copy OF such order ur0n sad
urchaser or purchasers. or his or Their
The purchaser or purchasers AZ sail
4ie ShaA not be required 90 assume or
dopt any leases OF any railway or rail-
ways owned or held by the railroad com
any as lessee but shall have the rt.ht
o elect whether 'Or not 10 assume or h
dopt the same or any thereof \
Opon confirmation OF said SAT- and com \
leuoh OF t1e purchase by the purchaser
purchasers such purchaser or uur.
laseIS Wall De entitled 10 recc We iron, | ~
ne sPec'al master q deed or deeds OF inc ! D.
FoperV sold. and also 20 receive gOJt | "
hd shihcient deeds Of cOnvpvarce ar ~
.lience OF transfer of any and am Dr0r- 4
W "hsch ~ vested IN OF standing in the o