The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1877-06-29

cree; and the said company shall be
permitted to credit the sum that may
he due them aud applicable I'd their
bid, under said Paragraph Afth, with
the sum that may be due bysthem, or
by any party or parties with whom
they may he interested, AS a payment
on the price Of the purchase.
2. The property described in the
mortgage, aud which has been made
subject to the decree Of sale under the
previous orders, together with all inn
provements and betterinents thereon,
shs.i De exposed for sale by the special
master who has been heretofore ap-
pointed in this cause. He shalt make
the sale in front of the Custom House
in this city, ON some day to be appointed
by him prior to the lst day OF Novem-
her next. He shall make the sale be-
tween the hours OF II NJ. and 8 r. NJ. OF
the day appointed, and it shall be fairly
aid openly conducted in pursuance Of
this order. He shall appoint n crier,
whose compensation shall not exceed
800. He may require Of any bidder
before adjudicating the property AS
sold to him, the sum Of 100000 in
money to defray the costs, expenses,
charges and claims upon the property
and proceeding from the cause. The
puICAdScI Sutll ALSO NckD(SII Ut
the sum of $1OO, OOO OF the bonds secured
by said mortgage or Of the debt founl,
due to the defendants by this decree.
Should any bidder refuse to comply
with these terms his bid shall be re-
jected and the property offered anew
! The master may, if necessary, offer the
property the following day at the same
place and after notice, or he may ad-
Journ the sale to another day, by pub
fishing the adjournment at the foot OF
the advertisements made OF the sale in
the saL.e papers and continuing those
advertisements 10 the day Of sale. No
sale shall be made without an adVer-
tise1nent of the time and place Of sale
! and terms in one paper published III
New Orleans, one paper in New York
and one in Atlanta, Ga, at least three
times u week for eight weeks preceding
the day OF sale. The property stall be-
sold as an entirety and in bulk. ,...
3. The Master shall make IL report OF
all Of his proceedings connected with
the sale, and the form OF u deed, with
his signature thereto, and he shall re-
port a confirmatory deed and deed OF
release, which shall he signed by the
North Louisiana and Texas Railroad
Company, the defendant in this cause,
by its president and secretary, and I'M
der its corporate seal, which shall he
subject to the order OF the court, for
confirmation.
>. All other questions which have
been disposed of, and all equities aris-
ing in the cause or among the parties
are. reserved for action until the coming
in OF the Masters report. The 4ues-
ton OF the right OF the defendants to
share in the net earnings of said mort
gagged property while in the hands OF
the. receiver appointed by this court i.
also reserved for future action.
The complainants Jackson and other
stock holders Of the V. S. & II. Il. h.
Co., and defendants, Ludeling and AS
SOCRATES Composing the North Louisi-
ana and Texas Railroad Company,
being dissatisfied with this decree,
moved, in open court, to be- permitted
to appeal from it to the Supreme Court
of the United States, and the same WAS
allowed 10y the court, ON the appellants
each giving bond for $25,OtO. This
will operate as supersetieas of the
decree, with exception OF that part Of
it which orders u sale OF the railroad on
some day hereafter to be fixed by the
Master, but the sale is ordered to take
place prior to November / 1877.