The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-11-19
AUCTION SALES FUTURE DAYS.
RECEIVERS SALE
OF THE
Property and Franchises
OF THE
SaVannaht Iybee Railway Company.
LaROche & Mclaughlin,
AUCTIONEERS.

Under and by virtue of decree rendered In
anu by the superior court OF Chatham county,
tieorgia, on the Gath day OF August, 1889 In
the cause OF THE OGLETHORPE SAVINGS
AND TRUST COMPANY. Trustee. versus
SANANNAH AND TYBEE RAILWAY COM
FANNY, which, with various intervention5
tnereln. were heard together, the undersigned.
as receiver OF said railway company as
directed by said decree, will proceed 10 sell.
on the FIRST TUESDAY IN DECEMBER.
eighteen hundred and eighty nine $780, at
puzzle 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,
"eorgia' the 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
rGailway' IN the county Of Chatham, state Of
georgia, extending from its depot in the city OF
savannah, To aud upon tie island of Great
Iyoee, IN said county, aud all of It's lands,
rights OF way. road bed, tracks. bridges depots,
buildings, water tanks, wharves yards, and all
other structures, erections and fixtures, OF
every sort. appurtenant TO said railway, or any
portion thereof and all its personality Of every
description, together with all and singular the
tenements, Entertainments and appurtenances
thereunto belonging, or in any wise appertain-
ing; and, also, all the corporate and other
franchises, rights, privileges, liberties and inn
muntles OF every sort, owned, possessed or
enjoyed by said railway company.
No bid Of less than one hundred thousand
gSiOO,OOO) dollars will be received or considered.
The purchaser will be required TO pay TO tho
SAID undersigned receiver in cash, at the time
ana place or sale, and before an adjudication Is
made TO such bidder, sum of money equiva-
lent 70 fifteen (lbl per centum OF the bid made,
ana, II the sale is confirmed by the court, the
balance OF purchase money mllst be- paid within
twenty GOD days after such confirmation. but
the purchaser shall nave the right to anticipate
the date of payment.
After the payment, by the purchaser, of cuch
sum, IN cash, AS may be sufficient to pay tbs
costs. charges and aXnRuQeg of the frIIat 0f gaid
petitioner, and of this cause, including cost OF
all interventions and all the indebtedness OF
the receiver, and taxes for the year eighteen
hundred and eighty-nne (1bSol, state, county
and municipal, which may be then due, all
counsel ices as may be allowed, ali receivers
certificates as may be then due, and the amount
OF the Judgments and interventions, principal
Interest and costs OF Louis McLain, Ross a
Sanford, and George Harland. for the use Of,
ETC. the receiver, may receive from the pur-
chaser, In part payment OF purchase-money,
the bonds OF said railway company, dated
september list. 1885, 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, due
March LIST, 1888, and September ist 1888, with
interest thereon at six 80 per centum per an
mum, and the other coupons, covered by the In
terventlous In said cause, for the respective
sums named therein, principal and interest, as
six (6l per centrum at such rate, per centum, on
the par value thereof (bonds and coupons) a.
the purchaser would otherwise be entitled to DO
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 be of the afore-
said property and franchises of said railway
company, disencumbered OF ali 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 70 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 Jh Q
receiver under direction of the court, with any
persons, in relation to It's 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 a certified copy of said de-
cree which may be seen, at his office, in Savan-
nah, Georgia.
HERMAN MYERS, Receiver.