The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-24
AUCTION sAhEs-rF,U JlI,J DaY

SPE GA II coMMIssIoNERssD SAIL
HIIY,S S}E I'll p NORFOLK AND 4 OCEA3
ANp ERANd1Fishs 1E STS uRpafSSgeR TT
OCEAN n" VIEW HOTEL PROPERTY.
cd pnIsu9nt to the decree Of the circu|
err ern district Of Virginia. entered on i'll
esfh day Of November. 1897 in the suit
Ser feah pisndi1g, wherein the Wa
ana the Norfolk and Ocean View Railroal
company and others are defendants, I'D
the sum- deots maa e In In the asa Sy
sala decree within the tina therein prd
Ss r6t we shall sell at public auction. ii
No ors ~ me custom House, in the city q
WMG A&dH isSs At TIE e 6 SaR RAY No OF
the following property, to-wit:
v, All o .ne property and franchises whict
the list day of May, 1895, executed by iii
Norfolk and Ocean View Railroad AMI
Ocean view Ralroad co one MS[fo tx Ell Ell
Norfolk Bank for Savings and Trusts
trustee. therein described as follows. thu
".Ail and singular the several railroads
ERn,in%ays' roads and roadbeds Of the saiA
thSaiiroad Company, consisting Of one com
rTaliroad. beginning at Church street and
henry street. In the city of Norfolk. Vaa
a ty Of fNMss orfn through the city and
ISSUING OF about eight and one-third mile5
6 6r, sinss1e track railroad. together with al
sidings and other appurtenances Of th1
said line Of railroad, with the tolls, in9
comes, rents. issues and profits thereof
power houses engines, boilers, dynamosl
generators machinery, tools. electric mol
tors trucks. cars, rolling stock. turn tai
lenses, leasehold interests and eduipment5
ana an other personal property thereto be;
ana "a and all property real. personal
kind and description which may be herei
after acquired by the said Railroad Comi
Pany and all public and corporate rights
powers and franchises belonging or apf
pertaining to the said Railroad CompariJ
now owned or hereafter acquired; and
mainder and remainders, and all the esl
tate. right, title, interest, property, posi-
session; claim end demand whatsoever
Railroad Company now owned or heret
after acquired In and to tho said railroad
property. franchises, rights. powers and
thereof
And also the hotel and other buildings
Win the furn!tdre. fixtures and personal
piroperty therein contained. electric lighI
plant. pavilions bath houses and all otha
er structures of every nature and chart
"csT m, a nif ape s OF to DO acquired:
passages. waters, water courses, easel
ments, rights. liberties. privileges lands!
nnnaes and a2purte
IN any ways appertaining and tho reverb
sions and remainders,, rents. issues and
title. interest, property. claim and demand
whatsoever of the said Railroad CompnnI
or OF, IN and to the same, and every part
The said property and franchises will
be sold as 4 whole, but subject to and
with the benfit and all eXecutory and subj
sisting contracts made by the receiver irt
said suit under the authority of the said
court. of which full and accurate stated
ment Will DO announced publicly by theE
iect also TO any legal liabilities that rnnH
hereafter be established against thts
i sad /, i receiver growing out of acts DONG
OF any suits or proceedings which may I'D
p Iaio against him at the time Of said
any time therca fter, and such liabilitiess
II any. will remain liens upon the prem
iscs until discharged, and likewise witt
proceedings which may have been or may
be Instituted by the said receiver.
Inc said property. rights and franchises
der, but before any adjucation ia made
TO him, he must pay in cash the sum Cd
IWerityliye Tn9u h Dollars and 4 ting
of the purchase money must be paid with
In ninety days, unless further extended
purchaser shall have the right to anticl5
pate the day of payment.
After the payment by tho purchaser of3
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!
trustee. including the sum of 5000. with in
tercst from May /, 1895. and also Including
its 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 REIN
bursemcnt Of expenses to counsel, and the
nv ri
Gates or otherwise. and tho liens and I'M
debtcdness In the said decree declared to,
the payment of the pro rata dividend out
OF the net proceeds of sale for Distribution
that may be due to these benefctaries
under the said trust deed, whose bonds|
and coupons may not be used in payment
of the purchase money, the undersigned
arc authorized to receive from the pur1
the purchase money; any of the bonds on
unpaid coupons, with interest thereon, tol
or towards tho payment of which the]
legally applicable, the amount at which,
such bonds or coupons arc to bo received
in part payment of such purchase money!
to be determined and fixed at n sunni
which shall. upon proper Distribution
and accounting for such proceeds, DO not
more than the share or proportion paya-
chaser or purchasers MS the holder orI
holders of such bonds and coupons, and
the bonds and coupons so applied In salts
faction OF the purchase money shall bel
treated as a payment thereof to the ex-
tent of such application.
And tho receivers certificates and tho
liens and Indebtedness declared byt the
said decree to he prior to the mortgaga
bonds, or any of them may be used as
cash in the payment of any part of the
purchase money to tho extent that such
certificates and the liens and btedness
therein declared to be prior to the mort
due thereon would be entitled to
share in the distribution OF tho cash sol
required, except as TO the sum OF money!
required TO be paid on the day Of sale as
q foreSaid.
In case Of the failure Of any bidder to
comply with the terms of sale that are to