The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-27
AUCTION SALES.--FUTURE nay.
SPE GIALs COMMISSIONERS SALE
wv Hc,,,0E THE NORFOLK AND N OCDAN
AND FRANCHISES. IN tcaIuieA ME
oCtAN VIEW HOTEL pROPERTY.I! -.

OCEAN VIEW HOTEL PRoP iiit1 '4 =
co pnIsu as f., to the decree of the Circuit
30, OF tho United States for the East.
ise7 snE In the suit th IN
ker Manufacturing Company lis is e pIaint Min
ana the Norfolk and Ocean View railroad
having BEEN mdas ID tbs
Said e1 me dcc sum directed to be paid BY the
scribed we shall sell at pub,e .n SMcfIop pre-
front Of the Custom House, in the city Of
MARcmI. isss At TIE E o 5sR RAY No OF
| inc following property, to-wit: n -
were conveyed by the deed of trust Intea
N IoT6 and Ocean view Railroad y a Ind
Ocean View Railrond Cornpany, to the
Norfolk Bank for Savings and Trusts.
trustee T 81 therein described as follows, that
An and singular, the several railroads,
TRa nmSayS, roads and roadbeds of the said
| naiiroad Company, consisting of one con-
railroad, Beginning at chursR street. ste and nd
and extending through the city and coun..
~ OF Norfolk to Ocean View, Va, con-
9 oF sng, OF about eight and one-third miles
branches, extensions, turnouts switches.
s snin ;S; and other appurtenances of the
comes, rents, issues and profits thereof.
ana all The real estate, deDots stntions'
power houses engines, boilers, dynamos,.
TORS trucks, cars, rolling stock, turn ta-
pies, implements. rights of way. fixtures,
ana al other personal property thereto be-
longing and all property. real, personal
Kind and description which may be here
utter acquired by the said Railroad Com
pany and all public and corporate rights.
powers and franchises belonging or ap.
pertaining TO the said Railroad Company
now owned or hereafter acquired: and
also an tie revcrsion and rcvcrsions, ro-
rnainder and remaindcrs, and all the es-
sasei right: title, interest, property, pos
as we'll ut law as in eaa,itv of tSe y
Railroad Company now owned or here
i,rtsr acquired IN and TO the said railroad,
thereof. i.
", Ana al also the hotel and other buildings,
property therein contained, electric light
plant. pavilions,. bath houses and all 9th
acter acquired or to be acquired
And all and singular the Streets. ways.
lnents, rights. liberties, privileges. lands,
tencmcnts Embellishments and appurte,
nanccs Whatsoever thereto belonging or
IN any ways apperta!nini; and She revcr-
SlonS ana rcmandcrs, rents, issues and
profits thereof, and all the estate, right,
whatsoever Of the said Railroad Company
o., IN ana to the same, and every part
The, said property and franchises will
be sold as u whole, hut subject 10 and
with the bcniit and all executory and sub
sisuni contracts made by she receiver in
said suit under tho authority of the said
court of which :; full and accurate state.
i ment VIII he announced publicly by the
undersigned at the time of sale, and sub
jet also to any legal liabilities that may
hereafter be established against the
by him in his capacity OF receiver, or out
OF any suits or proceedings which may DO
bending AGAINST him at the time Of said
sale, or may be instituted against him at
any time thereafter, and such liabilities
II any. will remain liens upon the prem
the benefit of and subject to all suits or
proceedings which may have been or may
be Instituted by the said receiver.
The said property, rights and franchises
VIII be sold TO the highest and best bid
der; but before any adiucation is made
Twenty-Five Thousand Dollars, and if tho
sale is confirmed by tho court the balance
IN ninety days. unless further extended
unon security given or other terms arc
prescribed by order of the court, but tho
purchaser shall have the right 10 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
ne trust created by the said deed to Tho
Norfolk Bank for Savings ana Trusts, as +
trustee. including the sum Of $SOG with in
tercst from May l, 1895. anu also Including
us reasonable compensation as trustee
any amount paid or TO be paid or incurred
or allowed as fees, compensation or rcim-N
nmiTsGmHnt OF expenses 10 counsel and tho
Indebtedness OF the receiver by ccrtiii-
Gates on otherwise, and the liens and in
Iebtc9ncss IN tho said decree declared 10
be prior to the mortgage bonds and for
the payment of the. pro'rGta dividend out
OF the net proceeds of sale for distribution
that may lie due TO these bcncliciarics
under the said trust decd. whose bonds
and coupons may not be used in pa ymcnt
OF the purchase money, the undersigned
: I,, lt.,,s-
the purchase money, any Of the bonds or
unrnid coupons, with interest thereon. to
( or towarGs the payment Cf which the
said net proceeds Of such sale shall he
LEGALLY applicable. the amount Mt which
such bonds or coupons arc to be received
IN part payment Of such purchase money
to bG determined and fixed 1T sum
H wmcm smm.j upon nronsr distribution
more than the share or proportion paya-
bic out o. such net proceeds TO such pur-
holders OF such bonds and coupons, and
the bond" and coupons so applied in sat
faction OF The purchase money shall be
treated as payment thereof to the cx-
tent Of such application:
And the receivers certificates, and the
SAID decree to b: prior TO the mortgage
bonds. OF, any of them may be used as
purchase money to the extent that such
certificates and the lens and Indebtedness
therein declared 10 he prior to the mort
gage bonds respectively so used, and the
interest due thereon would be entitled TO
share in the distribution OF tho cash so
required, except as to the sum of money
required to be paid on the day of sale as
aforesaid.
In case of tho failure OF any bidder to
comply with the terms of sale that arc 10
complied with on the day of sale or be-
fore Il final adjudication to such bidder,
the undersigned are authorized by The
said decree to reject the bid, ana proceed
| II once then and there to make Il resale,
or then and there to announce that on
some other day. then to be dosignnted