The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-11-12
AUCTION SALES FUTURE Days.
RECEIVERS SALE
OF THE
Property and Franchises
or THE
SaVannaht Iyhee Railway Company.
laRuche & Mclaughlin,
AUCTIONEERS.
AUCTIONEERS.

Under and by virtue of decree rendered 10
aud by the superior court Of Chatham county,
the cause OF Of II t5e us ~ RgEs1 wv y
AND TRUST COMPANY, Trustee vernia
sAVANNAH AND TYBEE RAILWAY COM
tANf, which. with various interyentions
therein. were heard together, the undersigned,
az receiver of said railway company as
directed by said Decree viii proceed TO sell
on the FIRST TUESDAY IN DECEMBER,
el9tnIeen hundred and eighty-nine 1850, at
bidder, within the legal hours OF sale, in front
OF the Court House, in the city of Savannah,
Georgia, the following property, 10 wit:
All and singular, the corporate property Of
. tne SAID savannah and Tybee 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 Great
lyDee, IN said county, and all of its lands,
rights OF way road-bed tracks, bridges depots
buildings, water tanks, wharves yards and all
other structures, erections and fixtures, OF
every sort, appurtenaut 70 said railway or any
portion thereof: and all its personally 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
munites OF 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 the
said undersigned receiver In cash. at the time
ana place of sale, and before an adjudication is
made TO such bidder, sum OF money equiva-
lent TO fifteen Q5) per centum OF the bid made,
and, IL the sale IL confirmed by the court, the
balance OF purchase; money must be paid within
the purchaser shall have the right TO anticipate
the date of payment
After the payment, by the purchaser, of ouch
sum, In cash, as may be sufficient to pay the
costs, charges aud expenses of the trust OF said
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 nine QSSo), 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 McLain, Ross Il
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. 1896, secured by the said trust
deed or mortgage, with interest thereon from
October eth, 1888, at six (0) per centum per
annum, and the coupons upon the same, due
March LIST. 1883, and September list, 1888, with
interest thereon at six co. per centum per au-
mum, and the other coupons, covered by the in
terventous in said cause, for the respective
sums named therein principal aud interest at
six (6) per centum, at such rate. per centum, on
the par value thereof (bonds and couponsl as
the purchaser would otherwise DO entitled to be
paid, In cash, In respect thereof, out Of the net
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 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 "a anna nd ~ al AlafK rtaAu
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 the
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 certified copy of said de-
cree which may be seen, at his Office, in Savan-
nah, Georgia.
HERMAN MYERS. Receiver.