The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-03-17
AUCTION sAlEs-pUT1tnE nAy. !
Pc CT A l. COMMISSIONERS SALE
H ~ OE THE NORFOLK AND OCEAN
tMgnw III, x RAILROAD, ITS PROPERTY
AND FRANCHISES, INCLUDING THE
OCEAN VIEW HOTEL PROPERTY. -

| ,O'N>' 'AI" faotEL sPHOfERIS.
ca pmrsu a3 to the decree of this Circuit
Of s en ia tSe G s,, the Ie
SSa Lou therein pending. wherein the Wal
aad ths s N6pe6 g, Company is Plaint
company and others are defendants. de-
| fault having been made in the payment
said decree within the tins f therein p aHe
No ont Il The Custom House. in the city Of
MARCH. iSss. AT Z o 81 5eAf No. OF
the following property, to-wit:
All the property and franchises which
tSa s Gi0Gssyed b. the decd Of traS, dated
Norfolk and Ocean View Railroad and
OCEAN 1e GVEim aRp ns,,r nov the Norfolk and
Norfolk Bank for Savings and Trusts.
trustee, therein described as follows, that
al and singular. the several railroads,
ERnumways' roads and roadbeds Of the said
tni nmp0s,ad Company, consisting of one con-
r rinnons ana nd connecting route or line OF
henry ,d street. In the city Of Norfolk, Va,
ana os sSSendnE through the city and coun-
sistins OF about eight and one-third miles
or single track railroad. together with all
9IEJmInehes, extensions. turnouts. switches,
said line Of railroad. with the tolls in
| comes, rents, Issues and profits thereof
power houses engines, boilers, dynamos,
tors tors trucks, cars rolling stock, turn to
| leases, leasehold interests and equipments
ana 1d an other personal property thereto be-
| longing, ana oil property, real, personal
| and mixed, and also all property Of every
| KIND and description which may be here
a nInr acquired hy the said Railroad Com
powers and franchises belonging or ap-
pertaining to the said Railroad Company
also all the ,reversion and reversions. re- re-
maindcr and remainders, and all the es-
s sass right title, Interest property. pos
rs Wen Mt law as in equity Of the said
tailroad Company now owned or here
property. franchises. rights. powers and
privileges and TO every part and parcel
And also the hotel and other buildings.
with the furniture, fixtures and personal
property therein contained. electric light
pant p. -, pavilions, bath houses and all 9TH
acter acquired or to be acquired
~ end n.1 al and md singular the streets, ways.
ments, rights. liberties. privileges. lands.
teheincnts Entertainments and appurtc-
nanGes whatsoever thereto belonging or
sions and rcmaiaders, rents, issues and
profits thereof. and all tho estate right,
whatsoever of tho said Railroad Company
Of if.h in and to tho same, and every purt
The said property and franchises will
he; sold as s, whole. but subject to and
! with the hentit and all executory and sub
said suit under the authority OF tho said
court, of which n full and accurate state.
ment will he announced publicly by the
! 1ect also to any legal liabilities that may
| hereafter be established against tho
said receiver growing out of acts done
rprpirpr
Of any suits or proceedings which may be
pending against him ut The time of said
any time thereafter. and such liabilities
If any. will remain liens upon the prem
i iha ,, until aIS5chSrged ma Likewise with
proceedings which may have been or may
be instituted by the said receiver.
will be sold to tho highest and best bid
| der, hut before any adjucaton Is made
to him. no must pay In cash the sum Of
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 the court. but the
purchaser shall have the right to antci-
| pate the day of payment.
| After the payment by the purchaser of
such sum In cash as may he sufficient to
pay the costs charges and expenses of
| the trust created by the said deed 20 The
| Norfolk Bank for Savings and Trusts, as
trustee. including the sum OF $780, with In
! tercst from May !, 1895. and also including,
| Its reasonable compensation as trust co
under tho said deed OF trust together with
| any amount paid or to be paid or incurred
| or allowed as fees, comHensa tion or reim-
| hursemcnt OF expenses 20 counsel. and the
indebtedness OF the receiver by ccrtti-
| deDtcdncss 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 hcnclcaries
| under the said trust deed, whose bonds
"a pn n fND ant
| Of the purchase money, the undersigned
| arc authorized to receive from the pur-
! the purchase money, any OF the bonds or
| unpaid coupons, with interest thereon, 10
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 he received
| in part payment Of such purchase money
| to be determined and fixed Mt Il sum
| which shall upon proper distribution
and accounting for such proceeds. be not
| more than the share or proportion paya-
| bic out OF such net proceeds 10 such pur-
chaser or purchasers as the holder or
| the bonds and coupons so applied Ia sa lis.
| faction OF the purchase money shall be
treated as e payment thereof to the ex-
:, And the RECEIVERS certificates and tho
Vens and indebtedness declared by the
said decree to he prior to the mortgage
| cash in the payment of any part of the
purchase money to the extent that such
| certificates and tho liens and indebt edness
therein declared to be 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 80
| required, except as to the sum Of none,
required to be paid On the day of sale az
| 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 final adjudication to such bidder,
the, undersigned are authorized Ivy tho
said decree to reject the bid, and proceed
at once then and there to mako n resale,
or then and there to announce that on
and between certain hours TO he then des-
| ipuated they will, at the same MA ce