The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-12-03
AUCTION SALES TODAY.
SALE
or THE
Property and Franchises
or THE
SaVannaht Tyhee RailVayCsnpany.
laROChe & Mclaughlin,
hTTrmrONT1r5roeS
laRuChe & Mclaughlin,
AUCTIONEERS.

Under and by virtue OF a decree rendered in
ana by the superior court OF Chatham county
Georgia, On the eth day Of August 1889 in
the cause OF THE OGLETHORPE SAVINGS
AND TRUST COMPANY, Trustee, versus
SAVANNAH AND TYBEE RAILWAY COM
PANf, which, with various mterventions
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 IL DECEMBER,
eighteen hundred and eighty nine OSs9i, at
public 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,
Georgia, 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
railway, in the county of Chatham stats of
tieorgta, extending from its depot in the city OF
savannah, Do and upon the island of Great
Iyoee, 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 personality OF every
description, together with all and singular, the
tenements Entertainments and appurtenances
thereunto belonging, or In any wise appertain-
ing, ana, also, all the corporate and other
franchises, rights privileges, liberties and i'm
munities of every Sort owned possessed or
enjoyed by said railway company.
No bid of less than one hundred thousand
AYAVV,VuOl 0OlldES Will 90 received OF GOnSlUereu.
The purchaser will be required TO pay to the
said undersigned receiver, In cash, at the time
and place or sale, and before an adjudication is
made to such bidder, a sum OF money eQuiva-
lent to fifteen tl5) 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 COO 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
in cash az mi no q,1fnCiaut ~ ha
costs, charges and 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 QSS9), 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 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. 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, due
March list, 1888 and September list, 1885 with
| interest thereon at six 6) per centum per an
mum, and the other coupons, covered by the in
| terventious in said cause, for the respective
sums named therein, principal and interest, at
| six (6) per centum, at such rate per centum, on
| the purchaser would otherwise be 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 to said ltiga-
| 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 G
| 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 a certified copy OF said de-
cree which may be seen, at his office, in Savan
nah, Georgia.
| HERMAN MYERS Receiver