The Covington leader. (Covington, Tenn.) 18??-current, 1922-10-19

i parcel Of land, and now occupied q
The way lands Of the Illinois Contra
Railroad Company.
Together with all and singular tn
Entertainments and appurtenanee
thereunto belonging or in any wis,
appertaining to said parcels.
Together with eli the right, it'll
and interest of the Upton COTTON
MILLS, INC, Of, in and to any ant
all streets, ways, alleys, lanes, high
ways or crossings, creeks, streams o.
water courses adjoining, abutting o.
appurtenant to the above described
premises; also accounts receivable
chooses in action, etc, together will
automobiles, insurance policies, al
work in process in said mill, raw cot
/ ton, manufacturing supplies, machln
/ cry supplies, repair parts, dyes ant
chemicals, office supplies and office
furniture, the entire stock of goods
in the eommissary operated in con
neetion with said cotton mill, gooC
will, and all property of any nature
kind or description, and wherever
located, excepting cash in the hands
of said receiver, but including aisC
all merchandise and stock in trade
and the rents, issue and profits there
of.
6. All machinery, tools, fixtures
equipment, and furniture located OF
said described real estate.
z. All easements, buildings, plants
privileges, rights, franchises anC
works appurtenant to said lands anc
premises. !,
TERMS Said property will be sole
on a credit of six months to the high
est and best bidder at public auction
as aforesaid, and the purchaser viii
be required to execute note for the
purchase money, drawing interest
from the date of sale at the rate OF
6 per cent. per annum, with one OF
more solvent sureties thereon, anc
will be subject to confirmation by the
Court; and
Said sale will be made subject to
the Indebtedness now outstanding Sc
cured by certain trust deed eXecut-
ed by the Upton Cotton Mills, Inc
formerly O-Cedar Mills Company,
of date March lst, 1920, to the Fort
Dearborn Trust & Savings Bank and
James s. Mcclellan, Trustees, where
by the properties therein described
were conveyed to said trustees to Sc
cure the issue of first mortgage Z
per cent. gold bonds of said O-Cedar
Mills Company, Of even date there
with, therein described, and of which
secured Indebtedness there is now
outstanding and unpaid, the follow
ing bonds:
Nos. D. 40 to D x, inclusive, de-
nominations, $500; principal amount,
$4,000: maturities, March l, 1928.
Nos. NJ 81 to NJ 144, inclusive, de-
nominations, $1,000; principal amount,
$4,000; maturities, March /, 1928
Nos. D 73 to D SO, inclusive, de-
nominations, $500; principal amount,
$4,000; maturities, March I, 1924.
Nos. NJ 145 to M 1872, inclusive,
denominations, $1,000; principal
amount, $4,000; maturities, March l,
1924.
Nos. D 81 to D 120, inclusive, de-
nominations, $500; principal amount,
$4,000; maturities, March l, 1925.
Nos NJ 1913 to NJ 240, inclusive, de-
nominations, $1,000; principal amount,
$4,000; maturities, March l, 1925;
total, $180,000.
Which have attached thereto inter
est coupons maturing March /, 1928,
and subsequently, which said out
standing bonds and coupons consti-
tute first and prior lien on all of
the property described in said mort
gage deed of trust, and said sale, and
the title of the purchaser Hereunder,
will be subject to said unpaid and
outstanding Indebtedness secured by
said deed Of trust, aggregating in
principal amount One Hundred and
Eighty Thousand ($180,000.00) Dol
lars as aforesaid, and subject to the
lien and all of the rights under said
trust deed, which will not be in any
way affected thereby; and said deed
of trust being of record in the office
of the Register of Upton County,
Tennessee, in Book 1876, Page 70; and
Said sale will also be made subject
to a junior or second lien Indebtedness
in the sum of Sixty-three Hundred
($6,300) Dollars, together with inter-
est from September /, 1922, for which
Indebtedness the Channel Chemical
Company was adjudged, under said
decree, to have a lien on the property
described I'M the above mentioned deed
of trust c0-extensive Herewith, but
subordinate to the lien securing the
S180,0O0.0O Of bonds and interest
coupons thereto attached, above men,
toned: and said decree further adj
judged that said sale should be made
subject to said junior or second lien
Indebtedness of $6,300.00 and interest
from September 1, 1922, to be paid by
the purchaser, however, concurrently
with the payment Of his purchase
note, maturing and payable as
provided; and
A lien on the property covered byI
said mortgage deed of trust will be
retained as further security for the
payment of said purchase money; and
Said sale will be free and in bar of
all rights and equities of redemption
or re-purchase and free and clear of
any right, title, interest or lien of
every kind and character, subject only
to the liens above mentioned: and the
rights and liens of all of the parties
to said cause shall be by such
sale forever toreclosed and barred,
with the exception only of said Fort
Dearborn Trust & Savings Bank and
James S. Mcclellan, Trustee, and the
rights of the Channel Chemical Com