The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-22
LEGAL SALES.
RECEIVERS SALE
or The o
Property and Franchises
OF THE or
SaVannah& Tybee RailVaycstnlPany.
LEGAL SALES.
LaROChe & Mclaughlin,
AUCTIONEERS.

Under and by virtue OF decree rendered in
and by the superior court Of Chatham county,
Georgia, On the Atb day of August 1889, In
the cause Of THE OGLETHORPE SAVINGS
AND TRUST COMPANY, Trustee, versus
SAVANNAH AND TYBEE RAILWAY COM.
PANI, which, with various interventiOns
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 GS39), at
public auction and 70 the highest and best
bidder within the legal hours Of sale III front
Of the Court House, In the city Of Savannah,
Georgia. tho following property, TO wit:
Ali and singular, the corporate property OF
the said Savannah and Tybee Railway Com.
pany, real and personal, and including all of its
railway, In the county Of Chatham, state of
Georgia, extending from its depot In the city OF
savannah, 70 and upon the island of Great
Iybee, 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, appurtenant TO said railway, or any
portion thereof; and all its personally Of every
description, together with all and singular, the
tenements, hereditaments 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 or less than one hundred thousand
lSlOO,0O0) dollars will be received or considered
The purchaser will be required to pay TO the
said undersigned receiver, in cash, at the time
and place Of sale, and before an adjudication is
made TO such bidder, a sum of money equiva-
lent TO fifteen Q5) per centum of the bid made
and, IL the sale is confirmed by the court the
balance of purchase-Inoney must be paid within
twenty (20) 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
a = faAa IN ~ ~
costs, charges and expenses of the trust OF said
petitioner, and Of this cause, including cost of
all interyentions, and all the Indebtedness OF
the receiver, and taxes for the year eighteen
hundred and eighty nine 1s6o), state, county
and municipal, which may be then due, al
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 q
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 lst 1886, secured by the said trust
deed or mortgage with interest thereon from
October 9Th, 1888, at six (6) per centum per
aunum. and the coupons upon the same, due
March list, 1883, and September LIST. 1888, with
interest thereon at six 49, per centum per an
mum, and the other coupons, covered by the in
terventions In said cause, for the respective
sums named therein. principal and interest, at
six co. per centrum, at such rate, per centum. on
the purchaser would otherwise 10 entitled 10 be
paid, In cash, Ia respect thereof. out Of the net
proceeds Of said sale, on distribution thereof,
among the holders Of said bonds and coupons,
according 70 the terms Of said decree.
No title Will vest In the purchaser, nor shall
conveyance be made 20 him, until after n full
compliance with tho terms Of sale
This sale BY tho receiver viii DO Of the nfore-
said property and franchises d said railway
company, disencumbered OF aii Hens held Or
controlled by any Of the parties ~ said liilga
ton against said railway company, or against
the receiver aud u All liens for costs expenses
Or allowances male, OF ~ DO made, by the court
IA said cause, aud u all claims whatsoeyer
against said railway company " sala Feceiyef,
al u which liens aud claims vii attach ~ the
proceeds ~ said sale,
The purchase sin lake said properly subject
b al CONTRACTS Or covenants atiel may hase
been made Vi said railway company, ~ "a 10
Receiver under direction " Ne court Nth any
persons, ~ Faaiign ~ ~ rights " way aud
tie DuFnlasef vii occupy taAe SANE pfl4lflon A.
said faii aay cQIuIAny. ~ fp>essef Ia f1lati9Q
~ hlleh contracts anc eoffaaafs
Tha reas4saF lAs q eeFiiaea copy " aaia ~
ogsF rbles psat " segi. AZ iAs siiiee' Az hefN1
Hk6NAH EIxnk. nsearrt.