The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-24
M A S T E RS SAL E
CERTAIN PARTS
Lake Erie 6 Western Railway.

sale of the Circuit Court of the United States for the
district of Indiana entered the twenty-ninth
day of July. 1886 and by virtue of like decree of
sale of the Circuit Court of the United States for the
virtue Of like decree of sale Of the
the Northern district of Ohio, Western division,
entered ON the twenty-seventh day of August
1885. all of WHICH DEGREES of sale entered in
courts respectively under the title of The Central
Trust Comnany of New York against the Lake Erie
q Western Railway Company ct al and consolidated
pointed by order of each Of said courts respectively
will on
SATURDAY, THE THIRTEENTH DAY OF NO.
MEMBER. 1856.
At the courthouse, in the city of Muncie, in the
county of Delaware in the State of Indiana between
the hours of ~ o'clock A. M and O'CLOCK P. M. OF
offer for sale at public auction to the highest bidder
all and singular the line of railroad between Muneie
Ind, and Bloomington. ILL.,. and appurtenances en-
Lafayette, Bloomington s. Muncie Railway
Company. bearing date May 1, 1879. to
New Work, in trust, to secure the payment of the
principal and interest of the first mortgage bonds OF
hike date issued by the said Lafayette Bloomington
Muncie Railway Company, to the amount of two
million Eve hundred thousand dollars and all prop
ery rights and interests conveyed thereby or upon
which said mortgage lien, the said railroad and
property is In said mortgage and decree aforesaid par
hcularly described as follows. to-wt:
All and singular the line OF railroad of the said La
fayette Bloomington & Muncie Railway Company, as
the same then was might thereafter be constructed
between Muncie Delaware county Indiana through the
counties of Delaware, Madison. Upton, Clinton Tap
pecanoe and Benton in Indiana and Vermiilion Ford
and Mclean, in Illinois, to the city of Bloomington
in said last mentioned county in Illinois, together
with all and singular the rights of way. road bed
made or to be made its tracks lad or
aforesaid together with all the stations depot
grounds, rails. fences. bridges. sidings. engine
houses, machine-shops. buildings, erections IN any
way then appertaning unto said described line OF rail
road, together with all the engines, machinery,
supplies tools and fixtures then, which might be at
any time thereafter held owned or acquired by SAID
aforementioned railway company for use In connection
with it's lines of railroad aforesaid; and all its depot
grounds, yards, sidings turn-outs, sheds, machine
shops easehold rights, and other terminal facltes
them which might thereafter be owned by the said
aforementioned railway company, together with all ana
singular the powers and franchises thereto belong
ing and the tolls, income and revenue to DO leViea
and derived therefrom.
The mortgaged premises and property aforesaid will
be sold as entirety, without appraisement or re-
depton and notin separate PARCELS and also free and
discharged from all equity of redemption of the parties
defendant named in said decree and the Central
Company, of New York. trustee. under the income
and all pereons represented by any and all of said par
ties Of in. ard to the said mortgaged premises. prop
erty, rights and franchises and every part thereof
described or embraced or intended to be- in the SAID
mortgage.
No bid win be accepted for said property at said
sale from any bidder for sum less than i've hundred
have deposited with me. as such special master the
sum of fifty thousand dollars, as pledge that he
will make good his bid it accepted by the court
Of the price at which said property shall be sold
there shall be paid in cash at the time of the sale ten
per cent thereof and also at the time or from
time to time thereafter such further portion OF said
nhacn A14 diNnnf
meet the expenses of said proceeding, and to pay
such claims if any, as the court may adjudge to be
prior in equity to said first mortgage bonds and
coupons of said Lafayette Bloomington o. Muncie
hallway Company
The balance Of the purchase price not required to
be paid in cash may be paid in cash the purchaser
may satisfy and make good said balance of his bid in
whole in part by paying the outs anding first
mortgage bonds and overdue coupons of said Lafay
cite, Bloomington & Muncie Railway Company OF the
issue of May l, 1879, at suck price or value as shall
be equivalent to the amount that the holders thereof
would be entitled to receive thereon in the entire
purchase price paid in cash. III the manner pro-
vided for in said decree.
The court reserves the right to reject any bid and
also to retake and resell said premises and property
upon the failure of any purchaser for twenty days to
comply with any order of the court requiring pay
ment
Twill also on the same day and at the same place. and
between the hours aforesaid by virtue of the several
DEGREES of sale of said courts aforesaid offer for sale
at public auction to the highest bidder, all and singu
lar the line of railroad embraced in the first mortgage
bearing date Aug. Is, 1879 and conveying the rail
road between Muncie, Ind and Fremont. o., and ap-
purtenances to the Central Trust Company of New
York in trust TO the payment of principal and
interest of the first mortgage bonds of like date. is
sued by the Lake Erie g. Western Railway Company,
to the amount of one million eight hundred and fifteen
thousand dollars and all property rights and interests
conveyed thereby, upon which said mortgage is
lien the said railroad and property is in the said
mortgage and the said decree particularly described,
as follows towit:
All and singular the line of railroad of the said Lake
Erie & Western Railway Company, the same then
was, might thereafter be constructed, between
Fremont, Sandusky county. Ohio, through the
counties of Sandusky, Seneca, Hancock Allen,
Auglaize and Mercer: in the State of Ohio and
in the State of Indiana TO Muncie in the last named
county in Indiana. including the branch line from St
Mary to Minister in Augazo county Ohio being about
one hundred and sixty five miles in length. together
with ali and singular the rights of way roadbed made
to be made it's track laid to be laid between the
sson sronm rails wit" Srdgss
sidngs. engine houses, machine-shops, build
ings erectons in any way then appertaining
scrbed line of railroad, together with all the engines
cars, machinery, supplies. tools and fixtures thon
which might be at any time thereafter held, owned or
acquired by the said last mentioned railway company
for use ia connection with its line of railroad aore
said, and all it's depot grounds yards sdings, turn
outs sheds. machineshops, lease-hold rights and
after be owned by the said last mentioned railway
company, together with ali and singular the
powers and franchises thereto belonging, and the
tolls income and to be levied and derived
therefrom.
The ,nortgaged premises and property last afore
said will be sold entirety without appraisement
redemption and not in separate PARCELS and also
free and discharged from all equity of redemption of
the parties defendant named in the said DEGREES and the
Central Trust Company of New York. as trustee,
under the income mortgage covering said property
we'll of any and oil persons represented by any of
said several parties of in and to the said mortgaged
premises, property rights and franchises and every
part and parcel thereof described embraced or In
tended to be. in the said mortgage.
No bid will be accepted for said property at said
SALE for sum less than five hundred thousand dol
lars nor from any bidder who shall not have deposited
with mo. as such Special Master, the sum of fifty
thousand dollars pledge that he will make good
his bid if accepted by the court.
OF the price for which said property shall be Sold
there shall be paid in cash. at the time Of the sale
10per cent thereof; and also, at the same time or
from time to tne thereafter such further portion of
said purchase price as the court NAV direct