Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1912-03-22
To the Circuit Court of Shenandoah
County:

County:
The undersigned commissioners ap-
pointed by the court at the January
term ia the chancery cause of D. B,
Logan ct al. VS.. Valley B. and l.
Association to view and report upon
the lands and lots of the Valley B
and L, Association in Maryland and
District of Columbia, and report as
to value, &c, with recommendation
as to disposition of the same, re-
spectfully report that they have ex.
amined the Scott farm in Somerset
county, Md, and the Dill, King, Huff
man, and Worthington farms in Car
oline county, Md, also the Beanings
Heights and 18th st. eight lots in
Washington, owned by the Valley B.
and L. Association, and also the Navy
Yard lots in Washington upon which
the Association holds SO, 900 of a
mortgage of $4,000, subject to two
prior mortgages aggregating 81, $50.
the first being for 81, 500, maturing in
August next, and upon which the in
terest is paid up to date; and the
second mortgage of $1,000, matur-
ing March. 1912.
Your commissioners recommend
that the receiver be authorized to rent
The Msryland farms, at share or
money rental for the present year,
and pay interest on the mortg ges
thereon as it comes due, and that he
sell any of said farms as he may have
opportunity. privately Except the
Huffman farm1 during the year. and
suggest the following as reasonable
prices to be procured for the same
(less commissions to agents for sale
of same) viz:
Scott farm sls0,O.co; mortgage 5OoO.oq
Dill l3,000o9 % $4,000
King g 100000 ' lI.lsi.OO
Worthington farm $40. 600; =. 100000
AS to the Huffman farm of 1856 acres
mortgage s13, 900, your com
missiOners recommend that this farm
be cut into three or more parcels and
offered at public sale at Denton, Md,
after advertisement, about May or
June of this year, and be sold ia par
cells or as whole as may be most
advantageous.
AS to the Bennings Heights lots, we
recommend that the receiver sell these
lots as opportunity offers, or ex-
change the same for salable property,
and in the meantime hold same, and
pay taxes thereon, these lots being
unstable at this TINA.
AS to the Navy Yard lots: In case
these lots should BE- sold under prior
mortgage, we recommend that they
be bought in by the receiver, if they
can be bought at amount of prior
mortgage and costs, or otherwise
bought to the advantage of the cred
itors and title thereto taken in his
name, and that the same be sold out
as he may have opportunity.
AS to the % lots owned by the AS
ISOLATION in 18th st. Heights Division
| aud other lots in said division COW
cred by mortgage securing Colonial
Co. bonds of M. E. Davis, assigned
to the Association, there seems to be
no present market for the lots at price
higher than amount of prior mortgage
thereon, and we make no recommends
ton as to these lots.
| Your commissioners have had no
opportunity to visit the Casey farm,
in Orange county, but from what they
have been able to learn of the con-
dition of the property, and of the
mortgage upon it, they think it ad-
visabIe to sell the property as speedi
ly as possibly at the best price thai
can be gotten for it.
| AS to the Riley farm, of SO acres
near lexington, Va, we recommend
that same be sold privately at bes
figure obtainable, and If not solo
shortly, that the same be advertised
and offered at public sale.
Respectfully submitted,
i [Signed] NORTH GocHENoUR,
G. r. RHINEHART,
1 JOSEPH S. GoCHENoUR
March 5, 1872.