The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-06
AUCTION, sAnrs- 9. nAr.s
G PEG l. COMMISSIONERS. SAITl
-. OF THE NORFOLIS2 AND G OCEAN,
AND FRANCHISES, INCLUDING THE'
OCEAN VIEW HOTEL PROPERTY. ss535s

OCEAN VIEW HoT;EL 'PRoPERTY. ~ VS.
Pursuant to the decree of the Circuit
ern district of Virginia.. entered ON the
18th day. OF November, 1897, In the suit In
equity therein pending, wherein the Wal
and the Norfolk and Ocean View Railroad j
Company and others are defendants, de-,
"a 6@ui ,ba having been MAGE IN the
said decree within the time therein pre-
sscrihed, we shall sell at public auction, in
front Of the Custom House, in the city Of
N %EPS : G;| AZ THE ssp DAY or
the following property, to-wit: $
All the property and franchises which
were conveyed by the deed of trust dated
Norfolk and Ocean View Vie; Railroad and
Hotel COMPANY, now the Norfolk and
trustee, therein described as follows, that 4
is TO say: H5sts
"All and singular the several railroads,
railways, roads and roadbeds of the said
Railroad Company, consisting OF one con-
tinuous and connecting route or line of
Henry street, in the city of Norfolk. Va,
and extending through the city and coun-
sisting OF about eight and oae-third miles
OF single track railroad, together with all
branches, extensions turnouts, switches,
sidings and other appurtenances of tho
said line of railroad, with the tolls, in
comes, rents. issues and profits thereof,
and all the real estate, depots, stations
generators machinery. tools, electric mo-
tors trucks, cars, rolling stock, turn ta-5
leases, lea sehold interests and equipments
ana all other personal property thereto be-
longing. and all property, real, personal
kind and description which may be here
after ad,,,, acquired by the said Railroad Com
pany ana all public and corporate rights,
ilf or m
pertaining to the said Railroad Company
now owned or hereafter acquired; and
mainder and remainders. and all the es-
tate right, title, interest property, pos
session, claim and demand whatsoever,
as Wei at law as In equity OF the said
Railroad Company now owned or here
after acquired IN and TO the said railroad.
property franchises, rights, powers and
privileges and TO every part and parcel
thereof. j
And also the hotel ana other buildings,
with the furniture fixtures and personal
property therein contained. electric lightA
plant. rnvilions.. bath houses and all oth-F
acter acquired or TO be acquired.
And all and singular the streets, ways,
pmss;ngesi VA waters. water courses, ease
tenemcnts Entertainments and npDurte-
nanccs whatsoever thereto belonging or
IN any ways appertainng and the rever-
SionS and remainders, rents, issues and
profits thereof, and all the estate. right,
t,he interest property, claim and demand
" HttiSocNSI u INC Stlu lllllrO9Q company
thereof"
The, said property and franchises Will
with the bcntit and all eXecutory and sub 1
ststing contracts made by the receiver III
so;I suit Mndsr the authority of the said
ment Will DO announced publicly by tho
undersigned at the time OF sale, and sub
hereafter be established against the
SAID receiver growing out of acts done
by MIN in his capacity OF receiver, or out
OF any suits or proceedings which may be
pending against him ut the time or said
sale, or may be instituted against him at
~ time thereafter; and such liabilities
iScs until discharged. and likewise with
tho benefit of ard subject 10 all suits or
proceedings which may have been or may
be Instituted by the suid receiver.
inc said property, rights and, franchises
der, but before any udjucntion is made
to him, he must pay III cash the sum Of
Twenty-hve Thousand Dollars, and II tho
sale is confirmed by the court the balance
OF the purchase money must be paid with
In ninety days. unless further extended !;
upon security given or other terms are
purchaser shall have the right to anticl-
Fate the day OF payment. ~
After the payment by tho purchaser Of Z
Such sum III cash as may he sufficient to
pay me costs, charges and cxpeTS s. of !
ne trust created by the said deed TO The
trustee. including the sum OF $500, with in1
icrest from May /, 1895, and also Including
its reasonable compensation as trustee
any amount paid or TO be paid or incurred
or allowed as fees, compensation or REIN
.hursemSnt OF expenses 10 counsel, aud tho
Indebtedness of the receiver by certiti-
Gates or otherwise, and the liens and In
lehtc9ncsS N the said decree declared to
be prior to the mortgage bonds and for
the payment OF the pro ra Ia dividend ont
OF the net proceeds OF sale for distribution
that mry be due TO these bencliciarIcs
he ttt IL
and coupons may not be used in payment
OF inc purchase money. the undersigned
az. authorized to receive. from the pur-
cnhscr or purchasers In part payment Of
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 DO
LEGALLY applicable, the hmSun, ut which
such bonds or coupons are tc he received
TO be determined ana fixed at sum
which shall, upon a proper distribution
ana accounting for such proceeds. he not
more IMAM the share or proportion paya- J.
hlc out of such net proceeds to such ptIr-
chnScr or purchasers rs the holder or
holders OF such bonds ana coupons. and
the bonds and coupons so applied in salts
faction of the purchase money shall be
treated as u payment thereof to the eX.
tent or such application.
:. And the receivers certificates and the
Neh3 ana indebtedness declared by the
T hond decree err o to nc Prior to the mortgages
cash in the payment of any part Of Tho
hmrGmnsa money TO the extent that such
ccrt'iichtcs and the Hens and Indebtedness
therein declared to he prior to the mort
gage bonds respectively so used and tho
interest due thereon would be entitled 10
share in the distribution OF the cash SO
required, except as to the sum of money
aforesaid. -
In case Of the failure of any bidder to
comply with the terms of sale that arc to
complied with on the day OF sale or be-
fore u inal adjudication 10 such bidder,
me nnders!Enel are authorized by tho
SAID decree TO reject the hid, and proceed
or then ana there to announce that on
Snml. ni Enr lnN tlnE,l L..