Auburn Lumber Company
C.A. Waddle and C. M. Lancaster set up the Auburn Lumber
Company. In 1921 they purchased property from E. L. Pearson & wife in September 10,
1921 as recorded in Deed Book 106, page 281. The business was located near Depot Street
and the Tan Yard.
On December 8th, 1921 C. M. Lancaster &
wife transferred their one-half interest in same, to C.A. Waddle as recorded in Deed Book
106, page 564.
The company continued in business for the next 10 years
and in 1931 it went
into
bankruptcy as outlined in the March 19, 1931 edition of the
News Democrat as follows:
COMMISSIONER’S
SALE
Logan Circuit
Court
AUBURN BANKING
CO., . . . . Plaintiff
Vs. No. 7322. In Equity
C. A. WADDLE, ET AL . . . . . Defendant
By virtue of a
Judgment and order of sale of the Logan Circuit Court, rendered at the February
Term thereof, 1931, in the above styled cause, the undersigned will, on
Saturday, the 21st day of march, 1931, upon the premises, to wit;
The lot and plant of the Auburn Lumber Company, located in the town of Auburn,
Logan County, Kentucky, about the hour of one (1:00) o’clock, p.m., proceed to
expose to Public Sale, to the highest bidder, the following described real
estate and personal property, viz:
“Beginning at a stone on the east side of pike;
thence N 64 E with line of Tan Yard property to center of creek, 35 poles;
thence down creek N 19½ E 5 poles to railroad line in center of creek; thence
with railroad line 80 W 27 poles and 15 links to corner of Jenkins & Ryan
Tobacco Warehouse lot; thence with line of same S 18½ W 4½ poles to another corner
to same; thence with his line S 69½ W 8 poles and 10 links to stone on east
side of pike; thence S 15 E 6¼ poles to the Beginning, containing about 2
acres.”
There is excepted from the above boundary, and not
to be sold, the following boundary sold to H. B. McClary on 2-24-’21, to wit:
“Beginning at a stone on the east side of Depot
Street near Allen’s (now J. S. Hamblin’s store house); thence with said street N
26 W 6¼ poles to a stake, corner to tobacco factory lot; thence with said
factory lot line N 66 ¾ E 5 7-25 poles to a stone in said factory line; thence
S 23 ½ east 6 3-25 poles to a stake in line of Tan Yard; thence S 64 ½ W 5 5-25
poles to the Beginning.”
Being the same property conveyed by E. L. Pearson
and wife by deed dated September 10th, 1921, to C.A. Waddle and C. M.
Lancaster and recorded in D. B. 106, page 281, and later transferred by C. M.
Lancaster and wife, or their one-half interest in same, to C.A. Waddle, by deed
dated December 8th, 1921, and recorded in D. B. 106, page 564, in the
office of the Clerk of the Logan County Court.
Also all stock in trade of the Auburn Lumber
Company, consisting of weather-boarding, doors, framing, finishing lumber,
molding of all descriptions, windows, all kinds of hardware, roofing, etc., and
each ad every other thing owned by the said Auburn Lumber Company, including
all office furniture and fixtures including all office furniture and fixtures
included in its building in Auburn, Kentucky.
“It is further adjudged that said Commissioner
making said sale will demand that the purchaser immediately execute a good and
solvent bond and upon his failing to do so, the said Commissioner will then
immediately resell said property, and continue to do so until the purchaser
shall have executed a good and sufficient bond for the purchase price.”
Said plant or warehouse will be kept open on Friday,
March 20, 1931, in order to give those interested an opportunity to inspect
same.
To produce the sum of $5,319.40, and the costs
thereof, $100.25.
TERMS: The sale of the real
estate will be made on a credit of six months, and the sale of the personal
property on a credit of three months. The purchaser will be required to give
bond as aforesaid, with approved security for the payment of the purchase
money, to have the force and effect of a Judgment, bearing 6% interest from day
of sale until paid, with a lien reserved upon said property until all the
purchase money is paid.
O. J.
O’CONNELL
Master
Commissioner.
(Address:
Russellville, Ky.)
