The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-15
LEGAL SALES
RECEIVERS SALE
OF THE
Property and Franchises
Or THE
SaVannaht Tybee Railway Company.
LaROChe & Mclaughlin,
-aROChe & Mclaughlin,
AUCTIONEERS.

Under and by virtue of a decree rendered In
aud by the superior court Of Chatham county
Georgia, On the gath day of August, 1889. in
tne cause OF THE OGlsErHORPE SAVINGS
AND TRUST COMP ANY. Trustee versus
SAVANNAH AND TYBEE RAILWAY COM
PAN1, which, with various interventious
Ihereln were heard together, the undersigned,
as receiver OF said railway company. as
directed by said decree, wall proceed TO ssll
on the FIRST TUESDAY, IL DECEMBER
eighteen hundred and eightynue QS50,, at
PuoIc aucLlQn, ana 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:
Al and singular, the corporate property of
the said Savannah and Tybee Railway Com
pany, real and personal, aud including all of It's
railway, IN the county of Chatham, state of
georgia, extending from its depot, in the city Of
savannah, 10 and upon tue 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 aud fixtures Of
every sort, appurtenant to said railway or any
portion thereof; and all its personality of evrry
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
Irdhchlses, rights, privileges, liberties and inn
minutes OF every sort, owned, possessed or
enjoyed by said railway company
no old of less than one hundred thousand
lSlOO,O1O) dollars will be received or considered
me purchaser will be required to pay to the
salq undersigned receiver, in cash. at the time
ana place of sale and before an adjudication is
mace 10 such bidder, a sum Of money eduiva-
lent 10 nfteen (l5) per centum of the bid made
ana, II the sale is confirmed by the court, the
balance OF purchase money 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
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
al lnterventlons, and all the Indebtedness of
the receiver, and taxes for the year eighteen
hundred and eighty-nine Qssol state, county
ana municipal, which may be then due all
counsel fees as may be allowed, all receivers
certlncates as may be then due, and the amount
OF the Judgments and interventions. principal
interest and costs of Louis Nc ain, Ross q
Sanford, and George Harland, for the use of
etc, the receiver, may receive fro ~ 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, 1885, at six (6 per centum per
! annun. and the coupons upon the same due
| March 1st, 1888, and September list. 1888 with
| interest thereon at six o. per centum per An
mum, and the other coupons, Covered by the in
| terventlo IN said cause, for the respective
| sums named therein, principal and interest at
| six 70 per centum, at such rate per centum on
the par value thereof (bonds and coupons) as
| the purchaser would otherwise be entitled TO DO
palu, III cdsn, 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 pure aser nor shall
conveyance be made to him. until after a full
compliance with the terms of sale
| This sale by the receiver viii bs 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 ltiga-
ton against sad railway company, or against
the receiver, and of all liens for COSTS expenses
| or allowances made or to be made, by the court
Gin said cause and OF all claims whatsoev I
aga -nst said railway company or said receiver
all of which liens and claims will attach to the
proceeds of said sale.
The purchaser win 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 pure aser will occupy the same position as
said railway company, or receiver, in relation
| TO such contracts and covenants.
The receiver has n certified copy of said de-
cree, which may be SEEN at his Office in Savan-
| nah, Georgia.
HERMAN MYERS, Receiver.