Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1917-09-05
NOTICE OF FORECLOSURE

WHEREAS. the DIRIGO POWER
COMPANY. on the first day Of JanuaTr
A. D. 1912 by its m Mortgage deed OF thu,
date, conveyed to the SUBSCRIBE. Il.
UNION SAFE DEPOSIT AND TRrsr
COMPANY. as TRUSTEE. 70 have AMI
to hold in trust for the benent and s.
curity of the holders of the first mo-.
gage bonds, and coupons thereto AZ,
tached. of said Dirigo Power Comparv
all the right. title and interest, estate
and property Of said Company IN and 70
all and singular. the electric plant now
or hereafter constructed and mairtainsd
by the said Company in the said State ~
Maine, also all real estate, water right,
and the ways and rights of ways. now 0.
hereafter acquired by the said COMPANY
together with all dams, canals privilege.
buildings. structures, wheels, machinery
tools. engines, dynamos, posts. wires and
all other things whatsoever which NAV
belong or pertain to, or may be ownei
and used for the purpose OF CONSTRUCTING
operating or maintaining its said works;
and all profits. tolls, income and revenus
to arise therefrom, and from all othe-
sources, and all profits, income and erroI.
umentS derived from any and all leases
or contracts now or herea fter made with
any city. town or village corporation IN
said State of Maine, or with anv other
person. firm or corporation, and any ami
all shares of stock of other companies
which it may acquire, and all other prop.
erty. real personal and mixed, now be.
longing to said Company. or which NAV
be by it acquired in the maintenance and
operation of its works, together with IL
franchises, charter and amendments that
may be made thereto. including the fran.
chise to be corporation and operate the
said Electric plant, and ali power,
grants. rights, privileges. benefits, advan.
tages and exemptions granted thereby,
and all other property OF every name and
nature. which now belongs to, or NAV
hereafter be acquired by the said Com.
pany and connected with or appertainrs
to the works aforesaid" upon the condi.
ton and for the purpose of securing the
payment Of bonds in the sum Of -Four
the first day of January, 1892 and OF wei
and promptly paying semi-annually the
interest on said bonds dated January
1872, as evidenced by the coupons at.
tached thereto, all of which more fulr
appears by the said mortgage deed which
Is recorded in the Registry of DEEDS tor
the County of Knox in the State Of Maine
In Book 152. Page $50 and in the Office ..
the Clerk for the Town Of Union in sail
knox County in Book 5. Page p AMI
WHEREAS. the said Dirigo Power
Company subsequently issued One Hun.
dred Thousand Five Hundred Dollars
tsle0. 500 par value of bonds of the -Four
Hundred Thousand Dollars (s40o O0N pa.
value of bonds authorized; and
WHEREAS, the said Dirigo Power
Company has refused and neglected 10
pay to the holders of said issued bonds
within ninety days after actual demant
therefor, the interest due July ! 1915 as
evidenced by the coupons attached to said
bonds. and still refuses and neglects 70
pay the same; and
WHEREAS. Hollis NJ. Shaw, owning
and holding Fourteen Thousand Five
Hundred Dollars (s14,5oo) of said bonds
Seth w Webb, owning and holding Seven
Thousand Five Hundred Dollars g. 500 Q.
said bonds and Charles L. Andrews Ex.
ecutor of the will OF Valera A. Chas.
Five Hundred Dollars C5o5oo) Of said
bonds in all amounting to- Fifty-Tvo
Thousand Five Hundred Dollars G52NN
OF said bonds, being A ma iority in amour.
OF the ponds issued and OutstardinS and
more than one-third Of the bonds issued
and outstanding and secured by sal
mortgage. all the interest on said bord.
honored, made application In writing 70
the subscriber to have said mortgage
foreclosed because the senli-annual inter
est on said bonds has not been paid since
July !, 1915. and now remains unpaid
whereby the conditions Of said mortgage
deed have been and now are broken;
NOW THEREFORE, the subscribe.
gives notice that by reason of the breach
OF the condition of said mortgage to !:
by said Dirigo Power Company in refns.
ING and neglecting to pay the ser1i-arnual
interest due upon said bonds since Julr
!. 1915, 1t claims a foreclosure Of the sad
mortgage.
UNION SAFE DEPOSIT AND TRUST
COMPANY. TRUSTEE as Aforesaid.
by FRED y. DOW, President
Attest; GEORGE p. CARY,
Treasurer.
Portland. Maine. August 25. 1917
aug3s moa5'