The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-11-26
AUCTION SALES FUTURE DAYS.
RECEIVERS SALE
or THE
Property and Franchises
OF THE
SaVannaht Iybee Railway Company.
LaRoche & Mclaughlin,
LaROChe & Mclaughlin,
AUCTIONEERS.

Under and by virtue Of a decree rendered in
ana oy The superior court Of Chatham county.
Georgia, on The 2lth day Of August, 1889 In
the cause OF THE OGLETHORPE SAVINGS
AND TRUST COMPANY, Trustee, versus
SAvANNAH AND TYBEE RAILWAY COM
iAN1, which, with various interventions
therein, were heard together the undersigned,
a. receiver OF said railway company az
directed By said decree, will proceed to SELL
on the FIRST TUESDAY IN DECEMBER,
eiK tI,e hundred and eighty Qs59l at
Puohc auction and 10 the highest and best
bidder, within the legal hours OF sale IN 'front.'
o. Inc Court House, In the city OF Savannah.
"eorgia' the Following property, to wit:
=, All and singular, the corporate property OF
the said Savennah and Tybee Railway Conn
pany, real and personal, and including all OF ito
railway IN the county Of Chatham, stats OF
Georgia extending from its depot in the city OF
savannah, TO and upon the island of Great
Iypee' IN said county, and all of its lands,
rights or way. road bed, tracks bridges denota-
buildings, water tanks wharyes yards and all
other structures, erections and fixtures OF
every sort. appurtenaut TO said railway or any
portion thereof and all its personality Of every
description, together with all and singular the
tenements, hereditaments and appurtenancea
thereunto belonging, or In any wise appertaln-
lngi and. also, all the corporate and other
franchises, rights, privileges, liberties. and inn
munities OF every sort, owned, possessed or
enjoyed by said railway company.
No bid OF less than one hundred thousand
SSlOO,0O0) dollars will be received or Considered
AaS Nh0ouA WILL 10 10 pay 10 tu8
said undersigned receiver In cash. at the tins
and place OF sale, and before an adjudication Il
made to such bidder, a sum Of money equiva-
lent 70 fifteen (i6l per ceutum OF the bid made
and, II the sale is confirmed by the court, the,
balance OF purchase money must be paid within
twenty (2o) days after such confirmation bun
The purchaser shall have the right TO anticipates
The date OF payment.
After the payment, by the purchaser, Of such
sum, in cash, as may be sufficient to pay the
costs, charges and expenses OF the trust of said
petitioner, and of this cause, including cost OF
all lnterventions, and all the Indebtedness OF
the receiver, and taxes for tho year eighteen
hundred aud eighty nine uS6ol, state county
ana municipal, which may be then due. eli
counsel fees as may be allowed. all receivers
certificates as may be then due, and the amount
OF tho Judgments and interventions, principal,
interest and costs Of Louis McLaln, Ross e.
Sanford, and George Harland, for the use OF,
etc, the receiver, may receive from the pur-
chaser, In part payment of purchase money.
tho bonds OF said railway company, dated
september LIST. 1886, secured by the said trust
deed or mortgage, with interest thereon from
October 9th 1888 at six (6) per centum per
annum. and the coupons upon the same dua
March list, 1883, and September LIST, 1888 with
Interest thereon at six co. per centum per anz
num- and the other coupons, covered by the In
tervenuons IN said cause, FOR the respective
sums named therein, principal and interest, ae
six (dl per centum, at such rate, per centum, on
the par value thereof (bonds aud oouponsl az
the purchaser would otherwise be entitled TO ba
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 q full
compliance with the terms Of sale.
This sale by the receiver VIII be 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 TO be made, by the court
In said cause, and OF all claims whatsoever
against said railway company or said receiver,
all OF which liens and claims will attach TO the
proceeds of said sale.
The purchaser will take said property subject
TO all contracts or covenants which may have
been made by said railway company, or tn Q
receiver under direction Of the court with any
persons, In relation to its rights Of way; and
the purchaser will occupy the same position as
said railway company, or receiver, In relation
to such contracts and covenants.
The receiver has certified copy Of said de-
cree which may be seen, at his Office, In SaTan~
nah, Georgia.
HERMAN MYERS. Receiver.