The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-13
.AUCTIoN sAr.EsArU,T'UIIn 4 49, 3 g,
ECIAL3 COMMISSIONER sALn
- OE4 THE atNORFOLKaz ANDyEOEEA
AND FRANcHisES, INcLUp 5fSJt IN 3
OCEAN VIEW HOTEL PROPERTY5I,-.

Az 6NR EIR%AAiMSIGHISES,r INGLgDING. THE
Pursuant to the decree Of the Circuit
Court t., Of the United States for the Ensts
18Th day Of entered on the
equity therein pending, wherein the WAL
ksE Manufacturing Company IS plaintiff,
Company and others are defendants, Z de-
fault having been made In the payment
said decree within et 20 time me PthereS aae
he Custom H Il Rsp in a she aiis
MfRsHsD isss e TIE i o 5'R RAx No oF
All fG the ertepe aSd Franchises
the LIST; day Of May, 1885. executed by the 4
Ocean View Railroad Company, to the
Norfolk Bank for Savings and Trusts,
trustee. therein described as follows, that
Is to say: Nj ~ u.
All and singular the several railroads,
Railroad Company, consisting OF one CON.
tlnuous and connecting route or line of I
FHa anTS l. beginning at Church street and
ty of Norfolk to Ocean View, Va, con-
Of single track railroad, together with ali
branches, extensions. turnouts. switches,
s sn iI u.s. and other appurtenances OF the
comes, rents, issues and profits thereof,
and all the real estate, depots. stations.
ooers eeeire
ibles, implements. rights OF way. fixtures,
ana al other personal property thereto be-
longing, and all property, real, personal
Rnn m nbd e snd aso al e
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
also all the reversion and rcverslons, re-
mainder and renainders, and all the es-
tate, right, title. interest, property, pos
session, claim and demand whatsoever.
Railroad Company now owned or here 4
arter acquired in and to the said railroad,
property, franchises, rights, powers and
thereof. go
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
And NIL and singular the streets, ways,
passages; waters, water courses; ease
tmen1s rights Liberties. privileges lands
nances whatsoever thereto belonging or
IN any ways appertnining and the rever-
profits thereof, and all the estate, right,
title, interest, property, claim and demand
whatsoever Of the said Railroad Company
OIL, IN ana TO the same, and every part
thereof" 4 :. : 49,
The said property and franchises will
with the bentit and all executory and sub
sSting contracts made by the receiver In
said suit under the authority OF tho said
ment win be announced publicly BY the
undersigned at the time OF SALE and sub Il
'eSt also TO any ega! liabilities that may
said receiver growing out of acts done
by him in his capacity of receiver, or out
pending against him at the time Of said
sale, or may be Instituted agaln him at
any time thereafter, and such liabilities
ises until discharged. and likewise with
tho benefit OF and subject to all suits or
be instituted by the said receiver. I'll
Will he sold TO the highest and best bid
to him, he must pay In cash the sum OF
Twenty7five Thousand Dollars. and II the
sale is confirmed by the court the balance
OF the purchase money must be paid with.
In oiirety days, Unless further extended
upon security given or other TERMS are
purchaser shall have tho right to antici-
pate the day OF payment.
After the payment by the purchaser OF
pay the costs, charges and expenses of
tho trust created by the said deed to The
Norfolk Bank for Savings and Trusts, as
trustee, including the sum of $500, with IN
tcrest from May !, 1895. and also Including
It's reasonable compensation as trustee
under the said deed of trust together with
any amount paid or to be paid or Incurred
or allowed as fees. compensation or reim-
Indebtedness of the receiver by ccrtifi-
Gates or otherwise, and the liens and In
dehiedness In the said decree declared to
be prior to the mortgage bonds, and for
the payment Of the pro rata dividend out
or the net proceeds of sale for distribution
tmat may be due to these benenciaries
10
and coupons may not be used in payment
or the purchase money. the undersigned
chaser or purchasers I'm part payment of
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 DO
legally applicable, the amount at which
such bonds coupons are 10 he received
in part payment OF such purchase money.
to be determined and fixed at sum !:
Wnich snail, upon n proper distribution
more than the share or proportion paya-
ne Out OF such net proceeds TO such pur-
CHASER or purchasers rs the holder or
holders of such bonds and coupons, and
me bonds and coupons so applied in tits.
faction of the purchase money shall be
treated as IL payment thereof to the eK.
tent OF such application.
, And the receivers certificates and the
Nens and Indebtedness declared by tho
Saiu decree 10 he prior to the mortgage
bonds. or any of them may be used as
cash In the payment of any part of the
Purcnase money 10 the extent that such
certificates and the liens and Indebtedness
therein declared to be prior to the mort
gage bonds respectively SO used, and the
interest due thereon would be entitled 10
share In the distribution OF the cash SO
required, except as to the sum of money 4
required to be paid on the day Of sale as
aforesaid. 81
In case or the failure OF any bidder to
comply with the terms of salo that arc to
e fore ANY, YIN on the day Of sale Or be
the undersigned are authorized by the
said decree TO reject the bid, and proceed
ut once then and there TO mako n resale
or then and there to annoilucn thnt on