The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-01
RECEIVERS SALE
Or THE
Property and Franchises
or THE
SaVannahG Tyboo Railway Company
6 Z Mclaughlin,
AUCTIONEERS.

Under and by virtue of a decree rendered in
aud by he superior court of Chatham county,
Georgia, On the oath day of August 1889 in
the cause of THE oGLErIIORfE SAVINGS
AND TRUST COMPANY, Trustee versus
SAY ANNAH AND TYBNE RAILWAY COM
PANY, which, with various iuteryentions
therein. were heard together, tho undersigned,
9s receiver of said railway company, as
ulfectsd by said decree. will proc eel TO sell,
on the FIRST TUESDAY IN DECEMBER,
eighteen hundred ami eghty-niue QSS9i, at
pubic auction, and to the highest and best
bidder, within the legal hours Of sale, IN front
OF the Court House, in the city of Savannah,
ueorgia tine following property, TO wit:
All and singular. the corporate property of
the said Savannah and Tybee Railway Com
pany, real and personal, and including all of Its
Runway, IN the county of Chatham, stat Of
Georgia exte ding from its depot, in the city Of
savannah, 10 and upon tie island of Great
1ybee, in said county, and all OF its lands,
ri hts OF way. ropd.bed, tracks bridges, depots.
pulllngs, water tanks, wharves, yards, and all
oVher structures, erections and fixtures, of
every sort appurtenant TO aid railway or any
portion thereof; and all it, personally Of every
description, together with all and singular, the
tehemehts, hereditameuts aud appurtenances
thereuhto belonging, or in any wise appertain-
ing; and' also, all the corporate and other
franchises, rights privileges, liberties. and inn
munlties OF every sort, owned, possessed or
enjoyed ~ said railway company.
40 bid of less than one hundred thousand
lSlOO,Ooo) dollars will be received or considered
Ine purchaser will be required to pay to the
sald Undersigned receiver, in cash. at the time
ana place or sale, and before an ad Indication is
made TO such bidder, Il sum of money euuiva-
lelt to FIFTEEN Q5) per ceutum of the bid made
ana, II The sale is confirmed by tbs court. the
balance OF purchase-money must be paid within
twenty t20 days after such confirmation. but
the purchaser shall have the right to anticipate
the date of payment
After tn payment, by the purchaser of such
IN, IN cash, as may be sufficient to pay the
COSTS, charges and expenses OF the trust of said
p N,tioner, and of this cause, including cost Of
al Intersections, and all tie Indebtedness of
the receiver, and taxes for the year eighteen
hundred aud eighty-nine 1850, state, county
ana municipal, which may DO theu due, all
counsel fees as may be allowed all receivers
certificates as may be then due, and the amount
or the Judgments and interventiOns, principal,
interest and costs of Louis Nc ain Ross &
Sanford, and George Hariand, for the use Of,
etc, the receiver, may receive fro the pur-
chaser, IN part payment of purchase honey,
| the bonds of said railway company, dated
september lst 1886, secured by the said trust
| deed or mortgage, with interest ther on from
october 9th, 1888, at six (6) per ceutum per
| annum. and the coupons upon the same, due
| March list, 1888, and September LIST. 1883 with
| interest thereon at six (G) per centum per an-
| mum, and the other coupons, covered by the in
| terventlonS in said cause, for the respective
| sums named therein principal and interest, at
| six 70 per centum, at such rate, per centum, on
| the par value thereof (bonds and coupons) as
| Tine purchaser would Otherwise be entitled to be
| paid IN cash, In respect thereof, out of the net
| proceeds of said sale, on distribution thereof,
| among the holders OF said bonds and coupons,
| according TO the terms Of said decree
No title will vest in the purchaser, nor shall
| conveyance be made to him, until after a full
| compliance with the terms of sale.
This sale by the receiver will bs of the afore-
said property and franchises Of said railway
company, disencumbered of all liens, held or
controlled by any of the parties to said litiga-
| ton against said railway company, or against
the receiver and Of all liens for costs, expenses
| or allowances made, or 10 be made, by the court
| in said cause, and of all claims whatsoever
aga INST said railway company or said receiver,
/ all of which liens and claims will attach TO the
proceeds of said sale.
| Tne purchaser will take said property subject
| TO all contracts or covenants which may have
| been made by said railway company, or Uh o
| receiver under direction OF the court, with any
persons, In relation to its rights of way; and
| the pure aser will occupy the same position as
said railway company, or receiver, in relation
| to such contracts and covenants.
| The receiver has a certified copy Of said de-
cree, which may be seen, at his office, in Savan-
| nah, Georgia.
HERMAN MYERS, Receiver