The times. [volume] (Richmond, Va.) 1890-1903, 1894-06-01

per annum. payable semi-annualy.
100000 first mortgage bonus Va a ~,
Statesvllle and Western haiiaoar rate or
pany, bearing interest at tne
per cent. per annum. payable SEMI
annually. 49,
| Oxford and Henderson Railroad Conn-
| nanv hearing interest at the rate or
O per cent per annum, payapie se""-
| annually. 49,.
$1,000 first mortgage bonds OF the
Laurens Railway Company. bearing IN
| terest at the rate OF per cent. per an
| mum, payable semi-annually
| All first mortgage bonds OF the High
| Point, Randelman. Asheboro and SOUTH
| EN- Railroad Company held by the Rich-
rnond and Danville Railroad Company
| or the Central Trust Company as trus-
tees under the mortgage foreclosed, being
bonds for the aggregate principal sum OK
| 100000 bearing interest at the rate
| OF 6 per cent. per annum, payable semi
| annually.
s6l5.O00 first mortgage bonds Of the
Yadkin Railroad Company, bearing IN
| terest 1T the rate of per cent. per an
| mum. payable semi-annuaHy.
$500 600 first mortgage bonds Of the
North Carolina Midland Railroad COM
| pany, bearing interest at the rate Oh
per cent. per annum, payable semi-ah-
| nually.
S552 900 first mortgage bonds Of the
Dsnyille and Western Railway Company
| bearing interest at the rate OF . per cent
| per annum, payable semi-annuaiiy'
No bid for Parcel III. will be accepted
| unless IL shah be at least s2,0OoVo' anu
unless the bidder shall first deposit with
Us at the time Of making the bid. as
| pledge that such bidder will make good
his bid If accepted by the Court, the
sum of 100000 In money, certlhed chech
or consolidated 8 per cent. bonds, secured
by the Richmond and Danville Railroad
Companys consolidated per cent. mort
gage. taken at the par thereof.
Hive shall next ofier for sale as q
unit, and IN one parcel, all ana 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 property
when offered as single parcel Tor less
than $2,OO0.OO0, and unless the bidder snail
deposit with US as a pledge that he viii
make good his bid, If accepted by the
Court, the sum of S20O,00O in money
certified check, or consolidated D per
cent. bonds secured by the Richmond
and Danville Railroad Company's CONSOLE
dated per cent. mortgage, taken at the
par thereof. II the best bid for the
whole of the property offered as one
parcel shall exceed the aggregate OF the
bids for the same when offered as TWO
separate parcels, we will strike OF the
whole property 10 the highest ana best
bidder for the same as sold In one pafcei,
but If the said unit bid for the entlre
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 best
bidders for each OF such parcels upon
the prior offer therefor as above pro-
II the separate parcel first above de-
scribed. to-wit-the lands and property
in the District Of Columbia, shall be
separately sold and such sale De con
and clear Of the lien. payment, or as
sumption of any receivers debt, certin-
cate, or preferential claims. but subject
however. TO certain MORTGAGES thereon
recorded in the office OF the Register oi
the District Of Columbia.
Portions OF the properties above de-
scribed in Parcel III. will be sold subject
to the lien Of certain mortgages ana
claims mentioned and specified In the
said DEGREES 10 which reference is MADE
for further particulars.
or the price for which said property
shall be sold there shall be paid ia cash
at the time of the sale me cash ueVosIt
hereinafter required, which snail be
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 pTce shail DC
pald I'm cash as the Court may direct, IN
order TO meet the expenses OF the suits.
The Court reserves the rght 10 reject
any bid, and 10 resell said premises ana
property upon failure OF any purchaser
for twenty days TO comply win any
order OF the Court requiring payment
The balance Of the purchase price not
required TO be paid In cash may either
be paid in 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 CONSOLE
dated mortgage per cent. bonds or scrip,
and overdue coupons appertaining thereto
or either said bonds, SCRIP, and coupons
being received at such price or value as
shall be equivalent 10 the amount mat
the holders thereof would be entitled 10
receive thereon in case the entire pur-
chase price were paid In cash. Inc pur-
chaser Is not required 20 pay immediate
~ IN cash the amount OF any receiver
certificates issued under the order or
June 2S, 1892, and any notes, DEBTS, or
obligations which shall not have become
due and payable at the time OF me 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 TO
| 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.
| If any bid shall be accepted by the
| Court, and the person making the same
| shall fail 10 comply with all the cOnd.-
| tions Of sale and all orders Of the Court
in respect thereto, the sum deposited by
| the bidder shah be forfeited. and shall
be applied as the Court may direct.
The purchaser or purchasers at said
| sale Except as hereinbefOre provided In
| respect 10 Parcel - shall, as part of the
| consideration FOR such sale, and in add
ton 10 the payment Of the sum or sums
bid, take the property purchased upon
the express condition that he or they or
ms or their assigns, approved by the
Court will, Notwithstanding, protect,
provide for and make good the receivers
obligation for s2SO.OO0. dated February
II, 1894, deposited in the First National
Bank Of Charlotte, ~ c., as security for
the performance Of the conditions Of the
lease Of the North Carolina Railroad Com
pany, dated September II. 1871, and will
also pay off and satisfy any and all
outstanding and unpaid receivers certin-
Gates or receivers notes or Obligations,
and having priority over the lien of the
mortgage forecosed, and all other claims
heretofore fled In the aforementioned
suits but only when the Court shall al
low such claims and adiudge the same
10 be prior in len or superior in equity
to the mortgage foreclosed, and I'm ac-
cordance with the order or orders OF the
Court allowing such claims and adJudging
with respect thereto; but this IS not aD-
plicabe 10 the rights or claims Of the
Central Trust Company OF New DIRK,
as trustee under the first mortgage OF
October 3, 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
from any and all orders or DEGREES OF
the Court in respect 10 such claims, or
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 APP