The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-10
AUCTION sALEs-ruTunE DA rs,

AUCTION SALES.--FUTURE DAY.
SPE GAL COMMISSIONERS sAI.El
-, OF THE NORFOLK AND OCEAN
a X ny mn RsAMd dfs49A 3, IT'S PROPERTY
OCEAN VIEW hoTEL PRoPERTY Eia's
ca Pmrsuent to the decree of the Circuit
s ern district of Virginia, entered on the
18th day Of November, 1897. in the suit In
fsquity therein pending, wherein the Wal;
and the Norfolk and Ocean View Railroad
company and others are Defendants, de-
Of The sum- 6ren MADE In the
SAID decree within the tina therein pre-
ss c we shall sell at public auction, in
N fT0rt o. ne custom House, in the city Of
W MGSaH iAsS. IT TIE 3sP pa PAY OF
the following property, to-wit: 81
"A, All the property and franchises which
were conveyed by the deed of trust dated
Norfolk and Ocean View Railroad and
6n cae GTo,m alp now the Norfolk and
Norfolk Bank for sav:ngsp a nnd = Trs the
trustee, therein described as follows, that
IAN and singular the several railroads,
railways. roads and roadbeds of the said
Railroad Company. consisting OF one con-
linuous and connecting route or line Of
Henry street In the city OF Norfolk Va,
ana an eeXtendng through the city and coun-
- - Norlolk TO ocean Wow, Va, con-
ISSUING OF about eight and onc-third miles
OF single track railroad, together with all
branches, extensions, turnouts, switches.
said limo 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 tu-
PIES pies, implements rights of way, fixtures.
leases, leasehold interests and equipments
ana all other personal property thereto be-
longing, and all property. real. personal
kind and description which may be here
after 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
maindcr and remainders, and all the es-
tate. right title, interest, property, pos
session, claim and demand whatsoever.
Railroad Company now owned or here
after acquired in and to the said railroad,
property, franchises. rights. powers and
thereof.
And also the hotel and other buildings,
property therein contained, electric light
plant, pavilions. bath houses and all 9TH
er structures of every nature and char
acter acquired or to be acquired.
And all and singular the streets, ways.
passages: waters water courses, case
ments, rights, Liberties. privileges, lands.
nances whatsoever thereto belonging or
In any ways appcrtnininE and the rever-
profits thereof, and all the estate. right,
title, interest. property, claim and demand
whatsoever of the said Railroad Company
OF, In and TO the same, and every part
thereof"
The said property and franchises will
with the beniit and all exccutory and sub
sisting contracts made by the receiver in
said suit under the authority of tho said
ment Will be announced publicly by the
undersigned Mt the time of sale. and SUBJ
iect also to any legal liabilities that may
said receiver growing out of acts done
by him in his capacity of receiver, or out
OF any suits or proceedings which rny be
pending against him at the time of said
sale, or may be instituted aga inst him at
any time thereafter. and such liabilities
iscs until discharged and likewise with
the benefit OF and subject to all suits or
nroeIScd,i,ngs which may have been or may
Inc SAID property, rights and franchises
VIII be sold to the highest and best bid
der; but before any education is made
Twenty-Five Thousand Dollars, and II the
sale is confirmed by the court the balance
in ninety days. unless further extended
upon security given or other terms arc
prescribed by order of the court, but tho
purchaser shall have the right to antici-
pate the day of payment
After the payment by the purchaser Of
such sum I'm cash as may he 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
tcrest from May ]. 1885, 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 reinl-
burscmGnt of expenses 20 counsel, and tho
Indebtedness OF the receiver by certih-
Gates or otherwise, and the liens and in
dcbtcdnc3S III the said decree declared to
be prior to tho 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 bcneficiarics
and coupons may not be used In payment
OF the purchase money, the undersigned
arc authorized to receive from the pur-
chaser or purcha scrs in part payment of
the purchase money. any of the bonds or
unpaid coupons. with interest thereon, to-
or. towards tho, payment of which tho
said net proceeds of such sale shall bej
legally applicable, the amount at which
such bonds or coupons are to be received
to be determined and fixed at n sum
which shall. upon Il proper distribution
and accounting for such proceeds, he mott
more than the share or proportion paya-I
BILE out OF such net proceeds to such pur-
chaser or purchasers ms the holder orr
holders of such bonds and coupons, and
the bonds and coupons SO applied in salts.
faction OF the purchase money shall bel
treated as payment thereof to the eX-
tent Oh SUCH ippllCHtlOH
And the receivers certificates and the
liens and Indebtedness declared by theI
said decree to he prior to the mortgageE
cash in the payment OF any part of theI
purchase money to the extent that suchI
certificates and the liens and Indebtedness
therein declared TO be prior to the mort
gage bonds respectively so used, and thol
interest due thereon would be entitled tot
share in the distribution. of the cash sol
required. except as TO the sum OF money!
required TO be paid on the day OF salo asI
aforesaid.
In case of the failure OF any bidder toI