Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-12-20
NOTICE OF SALE.

Whereas. by a certain ndenture dated
the 18TH uaT OF March, A. II. 1908. the st.
Joe Bay Company. corporation organ
lied and existing under and b. virtue OF
the laws OF the State of Maine, in order
10 secure the payment of each every ana
All OF its first mortgage. six per cent.
tF'5} ten year gold bonds at any time
issued and outstanding according to the
terms. tenor and effect thereof, as well
the interest as the principal thereof
bargained, sold, conveyed. transferred
assigned, delivered ard set over unto the
Illinois state Trust Company. corpora
ton organized and existing under the
laws Of the state Of Illinois, and author
iZed ~ law to accept and execute trusts,
as trustee. the following securities:
Twent,' thousand (9.e9O shares Of the
per share; being the total capital stock Of
the s.. Joseph Land & Development
Company, corporation organized ara
EXISTING under and BY virtue Of the State
of Florida.
Thirty thousand C3o,n.D shares of the
par value of one hundred Gltr'oD dollars
per share, being the total capital stock
OF the Apalachicola Northern Railroad
existing Under ami hl virtre of the laws
of the State of Florida.
gage five I.er ont. 90 twenty year goli
bonds q the It. Joseph Land and De-
VelopHent Company Of the aggregate
amount Of Two million ,S2 70 o'1'e} dol
,
TWO thousand ego, Of first mortgage
i've yer cent; go twenty yeer sc,'
bonds Of the aforesaid Apalachiccls
Northern Railroad Company Of the ag
2regate amount Of two million G2,e1-
tFl.t" dollars. dated September 1-tn. II 5
I"o hundred aHd i.ftT ESQ shares o.
the par value q 9ns hundred 5000 do
stock q The Port s., Joe Company. a
corporation cr"aniTeA and existing under
the laws of The STATE Of Florida.
Ten Thousand Gpc-D shares Cf the Dar
value Of one hundred 1:Io0r6) dollars per
share: being thu tpi,d !.ital a-ogi. II the
Port s.. ICE ool. & Terminal Ra..war
@9 n! la- 9@ err ,,, 9rEa2;Ie an
one Thousand n,l"D CT the first NOR
gage refInding i've per cent, o. soll
h 1o. fo Of tie ~os ,aq2tjnaed Port st.
Of the aggregate amount Of ore million
sl.C2o, e{N,Q1 dollars. dated the 18th day
Of March. i. .. 1913, and payable the
l'1 Mn eny OF tie Sepfjfgsr a p ~ an
ara was due and payable on the said out
standing bonds of the said St joe Bav
Company, on the 18th day of March, \.
1914. the 18th day Of March. A. D. 1915
and the 18th day of September A. H. 1915,
vas not paid on said respective dates
and has not since been paid: and
Whereas. demand for the Payment OF
sad interest was made upon the Illinois
STATE Trust Company. Trustee. on the
md ga! o. September, A: D., 1915. and
said, Trustee was not in possession Of
funds to pay said interest; and
Whereas. demand for the payment OF
SAID interest was made upon the said st
Septenlber. a. .. 1915 and payment
thereof was refused and after said de-
mands were made as aforesaid, the sal
st. Joe Bay Company for a period Of
Sixty EavS and hol iafa IL
and has neglected. refused and omitted
10 r"E in fun the saiG interest upon any
and an Of the said bonds. as is by the
said bonds aud in the said inde1tcre
provided: ard
Where's. on the 9Th DAY Of November
A. d. i!i5. the holders of more than fifty
SIX per cent. 60 ten year gold bonds of
said St. Joe Bay COMPANY row outstand.
ing. notified the Illinois State Trust Corr
panX Irustee;i of such defanlt ard tie
SIXTY DAYS ana more and requested the
Illinois state Trust Company, Trustee,
under the terms of said indentrre or
mortgage deed TO declare the entire prin-
cipal sum of bonds so secured BY Sc III in
denture. mortgage deed or deed of trus,
now outstanding to be due and payable;
and
Whereas, on the 9th day of November.
A. D. 1915. the Illinois State Trust Com
pany by notice in writing addressed to
the st: Joe Bay. Company. and personally
declared the entire principal sum of the
aforesaid bonds of said st. Joe Bay
Company. so secured as aforesaid, to be
Immediately due and payable;
Now therefore. at the request of the
holders Of more than fifty per cent (50Gi)
in amount Of said first mortgage six
per cent. (6G.) ten year gold bonds of the
said ST. Joe Bay Company. now outstand-
ing, and in. compliance with the terms
and provisions of the said lndenture. mort
gage deed or deed of trust the under
signed Illinois State Trust Company,
Trustee, will sell the property above de.
scribed or such part thereof as may be
necessary, at public vendue. to the high .
est and best bidder for cash at it's office +!
On the second floor of the Cahokia Build !
ing. corner OF Collinsvlle and Missouri
Avenues. City of East st. Louis, st. Clair
County, State of Illinois. on the 6th dav !
Of January A. D. 1916 between the hours /
# ten o'clock A. NJ. and five o'clock p: |
NJ, said sale commencing at the hour of /
ten o'clock A. NJ. for the purpose Of |
the said Indebtedness Aforesaid !
md the costs and expenses of executing |
iaid trust.
Dated at East ST. Louis. Illinois, this |
til day of December. A. D. 1915.
ILLINOIS STATE TRUST COMPANY,
Trustee. |
By A. C: JOHNSON. Vice President.