The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-17
AUCTIoN sALE.-su Ut, II D :, :.
SPE CT L COMMISSIONERS, SALE
S ~ SE THE NORFOLK AND OCEAN
AND FRANCHISES, INCIUDfSG- THH
OCEAN VIEW HOTEL PROPERTY. ~

equity therein pending. wherein the Wal.
keI Mannfacturing Company Is plaintiff,
Company and others are defendants. de-
fauit having been made in the payment
said decree within the tina therein prc e
sr rnt We s shall sell at public auction, in
Norfoi * Ne Va custom en House. in the city Of
M ARc. ISIS: AT TIE Z 6 SSR RAY No. OF
the following property, to-wit:.
Al, All the property and franchises which
Norfolk and Ocean View Railroad and
GV3@ sRP RsroaG c ths MSro TX qRs
Norfolk Bank for Savings and Trusts,
trustee therein described as follows, that
TRa nmyys' roads and roadbeds Of the said
tinuous, and connecting route or lin line 'o Of
TTaa a beginning at Church street and
ext s5df Il t6s city be Of Mor0
ty of Norfolk to Ocean View, Va, CON
sist nis Of about eight and one-third miles
branches, extensions, turnouts, switches,
s sain rs and other appurtenances OF the
comes, rents, issues and profits thereof.
ana all the real estate, depots. stations,
snsns boilers
bles. implements, rights Of way, nxtures.
|
and all other, personal property thereto be-
longing. and all property, real, personal
ahd aad ss9 WbsS Ss
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 reycrslons, re-
mainder and remainders, and ali the es-
tate; right, title. interest, property, pos
session. ss SION claim and demand whatsoever.
~ l. ia
| Railroad Company now owned or here
after acquired in and to the said railroad,
thereof P "t1S.
And also the hotel and other buildings,
with the furniture, fixtures and personal
property therein contained, electric light
plant, pavllons,. bath houses and all 9TH
acter acquired or to be ACQUIRED ai.u char-
And all and singular the streets. ways,
ments, rights. liberties, privileges, 1en nds
nances whatsoever thereto belonging or
sions and remainders, rents. issues and
profits thereof. and all the estate, right,
whatsoever of the said Railroad COMPANY
Of IN and to tho same, and every part
The said property and. franchises will
be sold as a whole. but subject to and
with the benfit and all executory and sub
said suit under the authority Of the said
court, of which a full and accurate state.
ment VIII be announced publicly by the
ject also to any legal liabilities that may
hereafter BIO established against the
by him in his eea c., ii Of receiver, or out
OF any suits or proceedings which may be
pending against him at tho time Of said
saie,#or may be instituted against him ut
any time thereafter. and such liabilities
fsany, will remain liens upon the prem
the benefit OF and subject to all suits or
proceedings which may have been or may
The said property' rights and franchises
will be sold to tho highest and best bid
der; but before any adjucation is made
twenty-five Thousand Dollars, and If the
sale is confirmed by the court the balance
in ninety days. unless further extended
upon security given or other terms are
prescribed by order of the court. but the
purchaser shall have the right to antici-
pate the day Of payment
After the payment 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 The
Norfolk Bank for Savings and Trusts, as
trustee, including the sum of $500, with in
terest from May l. 1895, and also including
its reasonable compensation as trustee
any amount paid or to be paid or Incurred
or allowed rs fees, compensation or rcim-
Indebtedness Of the receiver by certif-
Gates or otherwise, and the liens and In
debtcdness in the said decree declared to
the payment of the pro rata dividend out
Of the net proceeds OF sale for distribution
under the said trust deed, whose bonds
and coupons may not be used In payment
of the purchase money, the undersigned
chaser or purchasers In part payment OF
the purchase money, any of the bonds or
or towards the payment Of which tho
said net proceeds of such sale shall DO
legally applicable, the amount at which
In part payment OF such purchase money
TO be determined and fixed at a sum
and accounting for such proceeds, be not
moro than the share or proportion paya-
BILE out OF such net proceeds to such pur-
holders Of such bonds and coupons, and
the bonds and coupons SO applied In salts
treated as II payment thereof to tho OK
tent Of such application:
And the ana nd the
BONDS Gsoim or any Of them may be used as as
purchase money to the extent that such
certificates and the liens and indebtedness
therein declared to be prior TO the mort
interest due thereon would be entitled to
share In the distribution Of the cash so
required to be paid on the day of sale as
aforesaid
comply ON with the terms Of sale that are to
complied with on the day Of sale or be-
| fore final adjudication to such bidder,
| the undersigned are authorized by the
| said decree TO reject the bid, and proceed
at once then and there to make resale.
| or then and there to announce that on
some other day. then to be designated.
and between certain hours to he then des-
gnatcd, they will. at the same place.
| make a sale of the premises under said
decree without further advertisement:
| and the undersigned are also authorized