The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-20
Auction sALEs-FUTURE pAY.
CIAL COMMISSIONERS SAIL
HOOsr NORFOLK AND OCEAr
4 NJ nSY, ITS PROPERTY
OCEAN VIEW HOTEL PROPERTY.

OCEAN VIEW HoTEL PRoPERTYT.t af1
cd pursuant to the decree of the clrcuitS
18th day Of Novenbser. iss1 sn in tRe e snit th isE
keerr 1merein pending. wherein the Wall
aennamr the Norfolk and Ocean View RailroadH
fGoU,iiuupimy anu others are defendants del
Of the sum directed to be te t pa.dp BY thei
serIbs aecr re- within the time thereini pre-
iront Of the Custom House, in the city oil
MMIAR Rcif. ISIS. AT TIE e o Ss1 PAY n OF
th S,i fo tbo property, to-WIt:,
the LIST day of May, 1885, executed nv tSSey
Norfolk and Ocean View Railroad and
Ocean VIEW HsaSaf Railr ooG c eae MSrfo TX END t6a
Norfolk Bank for Savings and Trusts.
trustee, therein described as follows, that
A and singular tho several railroads, (
niiwaSS roads and roadbeds of the said
t1nuous and connecting route or limo OF
fhiiroad, beginning at Church street and
and extending through tho city and eo Tat.
~ of Norfolk to Ocean View, Va, con-
sistinE OF about eight and one.third miles
branches, extensions, turnouts, switches,
sidings and other appurtenunces of the
said line Of railroad, with the tolls, in
and all the real estate, depots, stations
PPooMw nr, houses engines, boilers, dynamos.
tors. trucks, cars. rolling stock, turn ia
bles, implements, rights of way, fixtures,
and all other personal property thereto be-
longing, and all property. real, personal
b Rhd m nhd dc and "a also Ieo all property Of every
after acquired by the said Railroad Com.
pany and all public and corporate rights,
pertaining to the said Railroad Company
now owned or hereafter acquired; and
maindcr and r~emainders. and ali tho es-
session, claim and demand MSats;oe nos
Railroad Company now owned or here
arter acquired IL and to the said railroad,
thereof. " ~
And also the hotel and other buildings,
property therein contained, electric light
plant, pavilions,, bath houses and all 9TH
er structures OF every nature and char
actcr acquired or TO be acquired.
And all and singular tho streets, ways,
n"SStaseT TigS MateT I;ber T iess nr iI9,n1rses' ease
tenements, hereditaments and appurte-
nanccs whatsoever thereto belonging or
sions and remainders, rents, issues and
profits thereof, and all the estate. right,
whatsoever Of the said Railroad dc company
Of, In and TO the same, and every part
thereof .U
Tho said property and franchises will
be sold as a whole, but subject to and
with the bentit and all eXecutory and SUBJ
snid sui fon nnder ,b made by the RI receiver ihS IN
court. OF which a full and accurate state
ment will be announced publicly by the
tcct also 10 any legal liabilities that may
hereafter, be established against tho
by him in his Capacity of or reeeiv ep.s or oo out
of any suits or proceedings which may DO
pending against him at the time OF said
any time thereafter, and such liabilities
II any. will remain liens upon the prem
the benefit OF and subject TO ali suits or
proceedings which may rave been or may
be Instituted by the said receiver.
The said property. rights and franchises
Will be sold to the highest and best bid
der, but before any adjucation is made
Twenty-Five Thousand Dollars, and if the
sale is confirmed by tho court the balance
Of the purchase money must be paid with;
upon security given or other terms are
prescribed by order of tho court, but the
pate the day of payment.
After the M by the purchaser of
such sum In cash as may be sufficient to
pay the costs, charges and expenses of
the trust created by the said deed to Tho
Norfolk Bank for Savings and Trusts, as
terest from May 1, 1896, and also including
its reasonable compensation as trustee
under the said deed Of trust together with
any amount paid or to DC paid or incurred
or allowed as fees, compensation or raims
hurSement of expenses to counsel, and the
Indebtedness OF. the receiver by certifA
Gates or otherwise, and the liens and in
debtcdncSS in the said decree declared to
be prior 10 the mortgage bonds, and for
the payment of the pro rata dividend out
of the net proceeds of sale for distribution
that may be due TO these beneficiaries
and coupons may not be used in payment
OF the purchase money, the undersigned
arc authorized to receive from the pur.
chaser or purchasers In part payment OF
the purchase money, any of tho bonds or
unpaid coupons, with interest thereon, to
or. towards the paymen Of which tho
said net proceeds OF such sale shall be
legally applicable, the amount ut which
such bonds or coupons nre to BIO received
In part aymcn Of such purchase money
to be determined and fixed Mt a sum
which shall. upon n proper distribution
and accounting for such proceeds, be not
more than the share or proportion paya-
bic out or such net proceeds to such pur.
chaser OF. purchasers as the holder or
holders of such bonds and coupons, and
the bonds and coupons so applied in satisr
faction of the purchase money shall be
treated ms u payment thereof to tho OK
tent of such application.
And the receivers certificates, and the
Gcns and indebtedness declared by the
said decree to be prior to tho mortgage
bonds. or any of them may be used as
cash in tho payment Of any part of tho
certificates and the liens and indebtedness
therein declared to be prior to tho mort
age bonds respectively so used, and tho
interest due thereon would be entitled to
share in the distribution of the cash SO
required, except rs to the sum of money
required to DO paid on the day of sale as
aforesaid.
In case of the failure of any bidder to
comply with the terms OF sale that are to
complied with on the day of sale or be-
fore n final adjudication to such bidder,
the undersigned are authorized by the
said decree 10 reject the bid, and proceed
Ut once then and there to make n resale,
or then and there to announce that on