The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-12-30
/
-. 49,. as,L
4 AUCTION SALES.--FUTURE DAY.SA
SPEC IlAL COMMISSIONERS SABDS
- -, , OIS TIE. NORFOLK AND OCEAN
AND FRANCHISES INCLUDINGNTHES
OCEAN VIEW HOTEL PROPERTY Y. So

VIEW RAILROAD ITS +PROPERTY&
ochAk VNIN sW 6Tn hNf fRoPHHT9 TAl'
cd Pursn n9 IT. e the degree OF the circuit
dstet States for the
10th day of November, 1857, in the suit In
equity therein pending, wherein the Wai-I
and the Norfolk and Ocean View Railroad
Company and others are defendants, de-
d ia t., having been made IN the payment
said decree within the time therein pre-
ss c we shall sell ct public auction, in
H Moito 81 me custom House. in the city Of
a4$gH isss II TIE Up pa PAY
the following property, to-wit: 774I: e -
AL. All the property and franchises which
We, were conveyed by the deed OF trust dated
Norfolk and ocean View Railroad and md
oeen VIEW Hsrno oT he M0rfoa and
trustee, therein described as follows, that.
Is to say: 7%Ht : Ti5
Railroad Company, consisting of one con-
tinnous and connecting route or line Of
Henry street, in the city of Norfolk, Va,
~ Of Norfolk to Ocean View. Va. con-
slStng OF about eight and onc-third miles
of single track railroad. together with all
prnnches, extensions, turnouts. switches
said line of railroad, with the tolls, in
comes, rents, issues and profits thereof,
anu all the real estate, depots, stations,
TORS, trucks. cars rolling Stock, turn ia ta-5
pies, implements, rights of way. fixtures,
leases, leasehold interests and equipments
and all Other, personal property thereto be-
longing, and all property, real, personal
kind and description which may be here.
AFTER acquired by the said Railroad Com
pany and all public and corporate, rights.
powers ana franchises belonging or APP
pertaining to the said Railroad Company
now owned or hereafter acquired: and
aG and rnd anG ms
tate, right. title, interest, property, pos
session, claim and demand whatsoever,
Railroad Company now owned or here
AFTER acquired In and TO the said railroad,
DrGperty, franchises. rights. powers and
thereof. - 80 h5ee !
And also the hotel and other buildings,
with the furniture, fixtures and personal
property therein contained, electric light
plant, pavilfons,. bath houses and all 9TH
or structures OF every nature and char
And all and singular the Streets ways, (
passages, waters. water courses. ease
nances Whatsoever thereto belonging or
IN any ways nppertaining and the reyer-
profits thereof, and all the estate, right,
title. interest, property, claim and demand
whatsoever Of tie said Railroad Company
thereof" I - rr'S -
The said nroperty and franchises Will
with the bonnt and all executory and sub
sisting contracts made by the receiver iii
said suit under the authority of the said
ment will be announced publicly by the
Undersigned at tho time OF sale. and sub
' Iect also to any legal liabilities that may
said receiver growing out OF acts done
by him in his capacity of receiver or out
OF any suits or proceedings which may be
sale. or may be instituted against him at
any time thereafter. and such liabilities
iscs until discharged and likewise with
tho benefit of and subject to all suits or
proceedings which may have been or may
DC instituted by tho said receiver.
Inc said property, rights and franchises
viii be sold to the highest and best bid
to him, he mist pay in cash the sum Of
twenty-five Thousand Dollars, and II the
sale is onilrmed by the court the balance
Gf ING purchase money must be paid With
IN ninety days, unless, further extended
upon security given or other terms are
prescribed by order of the court, but tho
pate the day of payment 3:aa
After the payment by the purchaser of I
pay the costs, charges ami expenses Of (
NE trust created by the said deed to The
Noriolk Bank for Savings and Trusts as
trustee. including the sum of $500, with in \
tercst from May /, 1885, and also including
Its reasonable compensation ms trustee
under the said deed of trust together with
any amount paid or to be paid or incurred
or allowed rs fees, compensation or reim-
nursement of expenses to counsel, and tho
Indebtedness of the receiver by certin-
Gates or otherwise, and the liens and in
debtedness in the said decree declared to
ne prior to the mortgage bonds, and for
Of the net proceeds of sale for distribution
that may he due TO these hcneflcnrips
under The said trust deed, whose bonds
ana coupons may not be used In payment
OF the purchase money, the undersigned
arc authorized to receive from the p,Ir-
the purchase money. any OF the bonds or
unpaid coupons, with interest thereon to
or towards the payment of which the
said net proceeds of such sale, shall be
legally applicable, the amount at which
such bonds or coupons are to be received
IN part payment OF such purchase money
10 ne determined and fixed at Il sum
winch snail. upon proper distribution
and accounting for such proceeds, bio not
more IMAM the share or proportion maya y
Die out OF such net proceeds TO such,pur-
CHASER or purchasers as the holder or
holGcrs of such bonds and coupons, and
me m bonds and coupons so applied in salts.
inclion OF the purchase money shall be
treated as payment thereof to the cX-
lent OF such application.
And the receivers certificates and the
VEINS and indebtedness declared by the
sad decree 10 be prior to the mortgage
pohuS, VI any OF lncin may he used as
cash In the payment of any part OF tho
purchase money to the extent that such
certificates and the lens and Indebtedness
therein declared to he prior to the mort.
gage bonds respectively so used, and tho
interest due thereon would be entitled TO
share In the distribution OF the cash SO
required, except as 10 tho sum OF money
aforesaid -
In case of The failure of any bidder to
comply with the terms Of sale tina, are TO
complied with on thG> day of sale or be-
fore a final adjudication to such bidder.
the. undersigned are authorized by aho
said decree to reject the bid, and proceed q