The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-29
LEGAL SALEs.
LEGAL SALES.
RECEIVERS SALE
or THE
Property and Franchises
or THE
SaVannaht Iybee RailwayComPany
LaROChe & Mclaughlin,
AUCTIONEERS.

Under and 10y virtue Of decree rendered in
had by he superior court Of Chatham county.
georgia, On the Gath day of August, 1899 in
Tue cause of THE OGLETHORPE SAVINGS
AND TRUST COMP ANY, Trustee versus
SAVANNAH AND TIREE RAILWAY COM
fANl, which, with various interven,ions
therein. were heard together, the undersigned.
AS receiver Of said railway company as
directed by said decree, will proceed TO sell,
on the FIRST TUESDAY IN DECEMBER,
eighteen hundred and eighty nine (lS39 at
pnonc auction, and to the highest and best
biduer, within the legal hours Of sale IN front
OF the Court House, in the city Of Savannah,
georgia, the following property, to wit
All and singular, the corporate property of
the said Savannah and rybee Railway Com
pany, real and personal, and including all OF it's
railway III the county OF Chatham. state of
Georgia, extending from its depot in the CITY of
Savannah, 10 and upon the island of Treat
'lypee, In said county, and all of its lands
rights OF way road.bed, tracks, bridges depots
pulldlngs, water tanks, wharves, yards, and all
other structures, erectlons and fixtures of
every sort, appurtenant to said railway. or any
portion thereof; and all its personally OF every
description, together with all and singular, the
teneTnents, hereditaments and appurtenances
thereunto belonging, or in any wise appertain.
ing; and, also, all the corporate and other
franchises. rights, privileges, liberties and i'm
munltes or every sort, owned, possessed or
enjoyed by said railway company.
no bid OF less than one hundred thousand
lSlOOOOO 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, a sum Of money euuiya-
lent TO fifteen 10) per centum of the bid made.
and, II the sale Is confirmed by the court the
balance OF purchase-money must be paid within
twenty (SO) days after such confirmation but
the purchaser shall have the right to anticipate
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
the receiver. and taxes for the year eighteen
hundred and eighty-nine 1850, state, county
and municipal, which may be then due. all
counsel fees as may be allowed all receivers
certificates as may be then due, and the amount
of the judgments and interventions principal
interest and costs of Louis McIain. 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
the bonds Of said railway company, dated
September LIST. 1885, secured by the eaid trust
deed or mortgage, with interest thereon from
October 9th, 1885, at six (6) per centuln per
annum. and the coupons upon the same, due
March LIST, 1855 and September list, 1888, with
interest thereon at six (6) per centum per an
mum, and the other coupons, covered by the in
terventous in said cause, for the respective
sums named therein, principal and interest, at
six (6l per centuIn. at such rate, per centum, on
the par value thereof (bonds and coupons) as
the purchaser would otherwise DO 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 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 all liens, held or
controlled by any of the parties 10 said lttiga-
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 20 the
proceeds of said SALE
the purchaser will take said property subject
10 all contracts or covenants which may have
been made by said railway company, or th g
receiver under direction of the court, with any
persons Ia 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 a certified copy of said de-
cree which may be seen, at his Office, in Savan
nah, Georgia.
HERMAN MYERS, Receiver.