Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-15
TIE RICHMOND DIsPArCu-sU1DAy. DECEMBER Is. 1895

east OF Washing on street: two lots OF
the north line OF Jacdueine east OF
/ Carter street. one lot Of land on the
north line OF Beverly ives. OF Randolph
street four lots on the nor h line oi
Blair west Of Washington street; one lo'
on the north line Of Claiborne west OF
Randolph street.
Part OF these lots are located in Henri
! co county, but the major y OF them are
situated within the city im'ts
D. one half interest I'm the following real
estate, which stands I'm the name OF w
J. Westwood: Four lots on Marshall be.
tween Twen,y-hrst and Twenty-second
streets. three new brick houses and lots
corner Marshall and Twenty-ninth streets
one lot on Marshall and ThilTy-hrsi
streets; one lot on Twonty-n.nth between
Clay and Leigh streets; one lot on Tween
ty-ninth between . and = streets; one
lot on Twonty-e.ghfh between y and q
streets.
STOCKS. BONDS. &C.
6. All the right. title. and interest In
and to the shares or interests Of the
Richmond and St Paul Land and I'm
provement Association. Of which Messrs
James II. Dooley. Joseph Bryan, and L.
II Mayo are trustees.
Z. Two thousand one hundred and thirty
tional Bank. Of Richmond.
E. All interest whatever IN the Rich
mond Christian Advocate, or In the part
nership between James b. Pace and j. J
Lafferty IN carrying on the above news
paper.
9. All right, title, and interest in the FOL
lowing schOOners or vessels: The James
Il. Pace. 9-S2 parts; the William II. All.
son. 1872 part; the Warner Moore. l-'-
ID UrF
Mamie Saunders. 1892 parts.
10. All the right. title, and interest if
and 70 the stock of the following compa
MES: Virginia and Alabama Coal Compa
ny. 2.0jS shares Columbian Building anc
Loan Association. ~ shares; Kentucky
Heating and LightingGas Company. l0
shares: Old Dominion Mining Company
shares--the certificates for the last
named stock have not been issued bu'
the right is transferred 10 the trustees
hereunder to receive said certificates 10
the same extent as the said James Is
Pace; Virginia and North Carolina Vince
Company, 30 shares; Richmond Chamber
of Commerce. 10 shares; Virginia Trust
Company, 81 shares Gray Electric Com
pany, 100 shares: Gray National Telauto-
graph Company. 200 shares; Bohrs Cigar
ctte-Machne Company, -- shares CHI
ton Forge Water Company. Il shares
Virginia Mari and Phosphate Company
- shares the certificates for this stock
have not been issued. but the trustees
hereunde.' shall have the right TO call Tor
and receive the same; the g. +. Johnson
Publishing Company, 10 shares; Selma
Land, improvement. and Furnace Com
pany 10 shares Chesapeake Dry-Dock
and Construction Company, % shares,
Richmond and West Point Land. Naviga-
ton. and Improvement Company, ~
shares; any other shares Of stock belong
ing to the said Pace, whether above
enumerated or not IL is. however OK
pressly declared that the trustees here
under shall not be bound to accept the
assignment and transfer of any Of the
said stock which may not be fully and
entirely paid up But they shall have the
option. II they desire 10 do so, OF paying
up in full any OF the stocks hereby con-
vcyed II they deem il beneficial and ad-
vantagcOus to the trust so TO DO.
II. Also the following bonds. $1,000 face
value Chesapeake Dry-Dock and Con-
struction Company; ali the interest Of the
said James b. Pace in $4,000 Of the first
mortgage bonds of the Seattle. Lake
Shore and Eastern Railway Company, and
the trust certificates which have been
drawn for said bonds: notes Of the North
Land Company, Sj.OO9.9O: ali
interest Of the said James Il. Paee in
the West Superior Land Syndicate. and
all other stocks and bonds and all chooses
In action belonging 20 the same James
Il. Pace. whether enumerated above or
not. and all stock and cattle OF said Pace,
either in or out Of Virginia.
POWERS OF THE TRUSTEES
The deed vests in the trustees c0mpe- |
ent authority to make such disposition OF /
he property assigned aa they may deem !
proper and also 70 realize by sale, coli /
ectiOn. and otherwise the proc eds Of the /
sale Of the assets with such speed as |
nay be- advantageous and practicable /
~ the creditors.
The trustees are further given the |
power to employ all necessary agents
employees and counsel as they shall /
leem proper FOR the execution Of the /
rust, ana 10 fix reasonable compensation |
or them The deed also pfescribes that |
- some OF the subjects conveyed are |
pledged as collateral for the Indebtedness |
If Mr. Pace or are otherwise subject to |
some prior lien, and as these subjects In |
,ome or many such cases are worth mCre |
han the amount of the prior lien. the |
rustees are given power 10 prevent a !
sacrifice of the property, and when they |
ihall in their judgment deem il TO be for !
he manifest advantage Of the creditors |
lfltUN Etiultl ~ ~ w. ~ use Aiit AluNt
und or its proceeds, or such part thereof |
- shall be judicious in preventing such |
sacrifice by the redemption Of such prior I
lens. or otherwise, as may be for the |
manifest advantage Of the trust subject
MIR. PAGES Obligations.
Dealing with the matter of the DISPOSE |
ion OF the proceeds Of the sale, and the |
,lassifcations Of the creditors, the deed |
says:
THE said trustees shall apply the trust |
und hereby conveyed and It's proceeds, |
irst TO the costs of preparing and record |
ng this deed the costs char yes and eX- /
lenses Of executing and administering this I
rust: Of selling and taking care Of the /
property hereby conveyed. including all /
axes and assessments and insurance /
hereon: the proper compensation of the |
aid trustees, and Of all agents and coun-
gel employed or engaged by them in adj |
ninistering this trust, and they Shall then |
apply the trust fund hereby conveyed, /
md the proceeds thereof, TO the following |
described debts Of James b. Pace which |
;hali lie paid IN the order OF priority and /
,lasses hereafter mentioned and In so /
applying said trust fund they shall pay |
ZACH class of creditors in full before pay
ng 10 creditors In subsequent class and |
{ the funds applicable to the payment of /
he creditors in any class are not sufii-
lent 10 pay debts of said creditors in /
ull. then the debts In that class shall be |
,aid pro rata. The order ~ priority in
which the creditors Of said Pace shall be
,aid out of the trust property hereby con-
eyed is and shol be as follows-namely:
THE lRsT CLASS.
'In the first class Of debts shall be paid
he following: Mrs l.. r. webb, OF Wash
neton city. d. c., S2.22d.50; wages to the
crvants Of said James y. Pace employed
Il his residence. Richmond, Va. and all
wages due 10 his manager and employees
m the farm in Albemarle county. known
.s "cunnvside": any salary due to 5. G.