The times. [volume] (Richmond, Va.) 1890-1903, 1894-05-11

| annually. -, tho
| oxford and Henderson Railroad toih
! pany. hearing interest at the rate OF
| 8 per cent. per annum' payapie semi
| annually &C..
! Iaurens Railway Company, bearing m
/ terest az the rate OF g per cent per an
! num- payable semi-annually.
All FIRST mortgage bonds or the tisn
Point Randelman, AshebOro and South
en- Railroad Company he'd by me .. l'i,n-
mond and Danvile Railroad Company
or the Central Trust Company as trGs-
tees under the mortgage forecsosei, being
bonds for the aggregate principal sum OF
SiU2.OOO bearing interest at the rate
OF pr cent. per annum, payable SEMI
S6i5,0j0 first mortgage bonds Of The
fadkin Railroad Company, bearing m
terest at the rate Of & per cent. per an
mum. payable semi-annually.
$4,000 first mortgage bonds or lhe
North Carolina Midland Railroad Com.
pany. bearing interest at the rate or
per cent per annum, payable seIll-dh-
nually.
500 900 first mortgage bonds Of the
Dsnvime and Western Railway Company,
bearing interest at the rate Of per cent.
per annum. payable semi-annuaNy.
No bid for Parcel III. viii be accepted
unless 70 shall be at least S2OO.uD' ana
unless the bidder shah FIRST deposit WITH
las at inc time OF iudhiilk Alit blAf a. q"
pledge that such bidder VIII make EOou
his bid If accepted by the Court, the
sum Of S2OOOJO In money ceruhed check
or consolidated per cent. bonds, secured
by the Richmond and Danville Railroad
COmpany's consolidated per cent. mort
gage taken at the par thereof.
Hive shall next offer for sale as q
unit. and IN one parcel, all and singular
the above described property being the
combined two parcels aforesaid, ana note
the highest and best bid therefor 80
bid Wal be accepted for said property
when offered as a single parcel for less
than S2.O,O000. and unless the bidder shall
deposit with us a. pledge that ne VIII
make good his I'D, n accepted oy lhe
Court the sum Of 100000 IN money
certified check. or consolidated per
cent. bonds secured by the Richmond
and Dauville Railroad Company coisoll~
dated per cent. mortgage, taken al me
par thereof II the best bid Tor the
whole Of the property offered as one
parcel shall exceed the aggregate OF th+
bids for the same when offered as Two
separate parcels, We VIII sIiht on lNI
whole property To- the highest ana best
bidder for the same as sold In one parcel
bat If the said unit BID Tor tne ehllie
uropeftv as one parcel shall be less than
Tho AGGREGATE Of the two separate BIDS
then we VIII strike of the separate par
GELS % the respective hiGhest ana b'sl
bidders for each Of such parcels upon
~ n the separate parcel first above de-
scr.bcd. to-w.t-the lands and properly
iu the District Of Columbia, shaH De
separateiv sold and such sale boz con-
frmed. the same will be- conveyed Tree
and clear Of the lien, payment, or as
sumution Of any receivers debt. certih-
cate, or preferential Claims but SUBJECT
however, to certain MORTGAGES thereon
recorded in the office n the REGISTER or
tho District Of Columbia.
Portions Of the properties above de-
scribad In Parcel II. VIII be sold subject
10 The lien of certain mortgages ana
claims mentioned and specified In the
said DEGREES 90 which reference Is maze
for further particulars.
OF The price for which said property
shall be sold there shall be paiG ih tdsh
at the time of the sale the cash deposit
hereinafter required, Wmch shaH pe
received as "a part OF the purchase price
and also AT the same time, and from
time % time thereafter, such further
portions Of said purchase PRICE shall pe
paid I'm cash as the Court may direct, ~
order TO meet the expenses OF the suits.
The Court reserves the right 10 reject
any bid. and 10 resell said premises and
property. upon failure of any purchaser
for twenty days % comply Wlth any
order OF the Court requiring payment
The balance OF tnt lui-t9-e pic a., il1.
required % be paid i'm cash may either
be paid i'm cash or the purchaser may
satisfv and make good said balance or
his bid I'm whole or IN part by paying
over and surrendering outstanding consoll-
dated mortgage per cent. bonds or scrip,
and overdue coupons appertaiuing thereto,
or either. said bonds, scrip. ana coupons
being received ~ such price or value as
shall DE equivalent 90 The amount thdt
the holders thereof would be enuled 10
receive thereon lu case the entire puF-
chase price were paid in cash. The pup
chaser IS not required 90 pay immediate
lv in cash the amount of any receiver =
certificates, issued under The ORDER oil
june -. 1892 and any notes. debts or
obligations which shAl not nave becoihc
due and payable at the time az the CONE
pleti0n of the purchase. but shall receive
the deed and take the property purchaser
subject 20 the conditions mat such
amounts shall be paid i'm from time 10
time as such obligations shall mature
the Court rescrviug the right 70 resell
the premises or any part thereof IN case
Of any failure or omission Of the pur-
chaser 20 pay such amount into court
on account of the bid as aforesaid.
If any bid shall bee accepted by me
Court and the person making the same
shall fan to comply with an the cond.-
tons of sale and all orders OF The Court
I'm respect thereto, the sum deposited 10y
the bidder shall be forfeited. ana shall
be- applied as the Court may direct.
The purchaser on purchasers at said
sale Except as herenbef0re provided $50
respect To Parcel ID shall as part Of the
consideration for such sale, and I'm add
ton 90 the payment of the sum or sums
bid, take the property purchased upon
the express condition that ne or they or
his on their assigns approved by the
Court Will, notwithstanding. protect,
provide. for and make good the receivers
OBLIGATION for S2SO.OOO, dated February
H. lS9f. deposited I'm the First National
Bank OF Charlotte, n c., as security Tor
tue performance OF the conditions OF line
lease Of the North Carolina Railroad Com
pany dated September II, 1871. and viii
also pay of and satisfy any and an
outstanding and unpaid receivers certin-
Gates or receivers notes or obligations,
issued under the order Of June -. lNj2,
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 ale
low such claims and adludge the same
10 be prior I'm lien or superior I'm equity
TO the mortgage fOreClOsed. and IA ac-
cOrdance with the order or orders OF the
Court allowing such claims and adjudging
with respect thereto; but this is not ape
plicaDle 10 the rights or claims of the
Central Trust Company Of New YORK,
as trustee under the first mortgage OF
October g. 1874. or under the mortgage
of February I. 1SS2. or under the equip
ment mortgages or either Of them. ana
the purchaser or purchasers or their APP
proved assigns will be entitled 10 appeal
from any and all orders or DEGREES OF
the Court I'm respect TO such claims, or
any of them, and shall have all the rights
in respect 20 such appeals which the
complainant Central Trust Company or
New York would have IN case such APP
peals had been taken by it, The pur-
chaser or purchasers shall also, as part
of the consideration, i'm addition 10 the
pl yrQCOf of sim or Sums hid take