The Republican journal. [volume] (Belfast, Me.) 1829-current, 1899-08-03
Notice of Foreclo sure

Whereas the WISCASSET AND QUEBEC RAIL.
ROAD COMPANY, corporation by law duly
Wiscasset, Lincoln County, Maine, by it's iuden-
ture and mortgage fully SCI forth in the applica-
ton hereinafter rected which application is
hereby refe FRED to for that purpose and made
WATERVLLLE TRUST AND SAFE DEPOSIT
COMPANY, now called the U-atcrrUe Trust
CompaHy, a corporation by law duly established
and having its place of business at Watervile
kennebeC County, Maine, tor the benefit of the
owners or holders of the bonds of said Railroad
Company hereinafter referred to, all of the rail
road constructed and to be constructed between
said Wiscasset and Pittsfeld, Maine, and all the
land anG estate which said Railroad COMPANY now
has or may hereafter purchase otherwise ac-
quire, for the building completion and equipment
and use of said road, and the franchises Of said
Railroad Company, and all other property and
rights of property more fully forth in the ap-
plication hereinafter recited, which application is
hereby referred to for that purpose and made a
Fart OF this paragraph.
And whereas said indenture and mortgage was
given to secure the first mortgage gold bonds of
said Railroad Company the amount in the
agg regate of six hundred thousand 600 OOO)
dollars, payable in United States gold coin of the
present weight and tineness in twenty years from
the date thereof with interest thereon from their
date at the rate of five per centum per annum,
payable semi annually on the first days of Febru-
airy and August OF each year, in like gold coin,
upon the presentation and surrender OF the
pOns for such interest, to be attached to said
bonds as provided therein.
And whereas the condition of said mortgage is
as follows: "Proyided, nevertheless, that if said
Railroad Company, 1t successors or assigns, shall
pay all said bonds and coupons as they severally
sha become due and payable, Il en- all said bonds
and coupons and this indenture and mortgage
shall be void, and all interest in said property
hereby conveyed shall cease and determine and
become void, and satisfaction shall then forth
with be duly entered by the Trust Company, or
its successors in said trust
And whereas the holders of a majority of all of
the bonds aforesaid now outstanding have made
the following application il writing to have said
mortgage foreclcsed:
ITO the Watervie Trust and Safe Deposit Com
pany, now known and called the Waterville Trust
Company, corporation by law du established
and having its place of business at Waterville,
kennebec County, Maine.
Whereas the Wiscasset and Quebec Railroad
Company corporation by law duly tablished
and having its place OF business at Wlscasset,
Lldcoln County, Maine. by its indenture and mort
gage dated August l, 1896, duly recorded in the
Lincoln Registry of Deeds, Vol. 299, Page 31G
Waldo Registry of Deeds Vol. 245, Page 81
Somerset Registry of Deeds, Vol. 234 Pages PIT
to 29l. and in the Town Records of the town of
Wscasset Book of Mortgages Page 3d. con
veyed in trust to the Waterville Trust and Safe
Deposit Company, now ki own and called the
Waterville Trust Company, for the benefit of the
owners or holders of the bonds of said Railroad
Company hereinafter specified all the railroad
structed and to be constructed between said Wis
casset and Pittsield, and all the land and estate
which said Railroad Company ma, now have or
may hereafter purchase or otherwise acquire for
the building, completion and equipment and use
of said road and the franchises of said Railroad
Company, and all other property and rights of
property, present and prospective, which said
Railroad Company may now have for the use of
said road between the limits aforesaid and which
it may hereafter acquire therefor, and including
all the machinery, implements and rolling stock
purchased or to be purchased by said Railroad
Compan. or otherwise acquired and all interests
or rights in telegraph lines telephone lines
constructed or to be constructed and finally all
the property franchises or estate real or personal
which said Railroad Company may have or may
hereafter acquire it's railroad the thereof
or otherwise, whether the same be in said nden-
n ,a,,tin
tween said Wiscasset and Pttstied aforesaid.
And whereas said indenture and mortgage was
given to secure the first mortgage gold bonds of
said Railroad Company to the amount in the
aggregate of six hundred thousand 600 ,O0O) dol
lars payable in United States gold coin of the
present weight and tneness, in twenty years from
the date thereof with interest thereon from their
date at the rate of five per centum per annum,
payable semi-annually on the first days of Febru-
upon the presentation and surrender of the cou-
pons for such interest to be attached to said bonds
as provided therein.
And whereas the undersigned are holders of
majority of all the bonds now outstanding and
issued by the Wiscasset and Quebec Railroad
Company, under and by virtue of said indenture
and mortgage.
And whereas default has been made by said
Railroad Company III the payment Of the interest
due upon said bonds on the first day of February
1897. the tirst'day of August, lS97 the first day
of February, 1898, and the ii st day of August,
1898, nd the coupons Of more than one half Of
said bonds now outstanding were duly presented
and payment demanded by us on the 24th day of
February, A. d. 1898, and said default in the pay
ment of said coupons has since continued for
period of more than six months from said de-
mand.
And whereas the conditions of said mortgage
have by reason thereof been broken and by reason
thereof the undersigned, the holders of majority
of all of said bonds now outstanding, claim
foreclosure thereof, and request you, the said
Waterville Trust and Safe Deposit Company, to
Immediately proceed to foreclose said mortgage
under the provisions of paragraph of said in
denture and mortgage.
And the undersigned have hereto set AGAINST
their respective names the amount in par value of
said bonds held by them respectively as afore-
said.
In witness whereof we hereto set our hands
this thirtieth day of June, A. ID. S99
NAMES. AMOUNT HELD"
And whereas said applicants claim foreclosure
of said mortgage, and the conditions of said
mortgage have been broken:
Now, therefore, by reason of said claim and of
said breach of conditions, the undersigned, the
Waterville Trust and Safe Deposit Company, now
called the Waterville Trust Company, by its at
torney, therefor duly authorized, hereby claims
foreclosure of said mortgage, this nineteenth day
of July, A. D. 1899.
WATERVILLE TRUST AND SAFE
DEP SIT COMPANY.
Now called the Waterville Trust Company.
81 By 8. 8. BROWN, its Attorney.