The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-08
LEGAL SALES.
RECEIVERS SALE
OF THE
Property and Franchises
or THE
Savannah { Iybee Railway Company.
LaRuChe & Mclaughlin,
AUCTIONEERS.

Under and by virtue of a decree rendered In
and by he superior court OF Chatham county,
georgia, On the 2th day Of August, 1889 in
the cause of THE OGLETHORfE SAVINGS
AND TRUST COMPANY Trustee, versus
SAVANNAH AND TYBEE RAILWAY COM
PANf, which, with various nterventions
thereln, were heard together, the undersigned,
as receiver OF said railway company, as
directed by said decree, will proceed 10 sell,
on the FIRST TUESDAY IN DECEMBER
eighteen hundred and eighty nine Gs59 at
publlc auction, and to the hi CHEST 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 Tyhee Railway Com
pany, real and personal, aud including all of its
railway, IN The county of Chatham, state of
Georgia, extending from its depot in the city of
savannah 30 and upon tie island of Great
ly0ee 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, appuctenant to said railway, or any
portion thereof: and all its personally OF every
description, together with all and singular the
teneme Us, hereditaments and appurtenances
thereunto belonging, or In any wise appertain-
ing; and, also, all the corporate and other
franchises, rights, privileges, liberties, and inn
munltles or every sort, owned, possessed or
enjoyed by said railway company.
NO bid of less thAn one hundred thousand
lSlOO,OOO dollars will be received or considered
me 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,
ana, II the sale is confirmed by the court, the
balance OF purchase-money must be paid within
| twenty (90) days after such confirmation, but
| the purchaser shall have the right to anticipate
| the date of payment.
After tn 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
| all lnteryentons, and all the Indebtedness of
the receiver, and taxes for the year eighteen
| hundred aud eighty-nine QsS9), state, county
| and municipal, which may be then due all
| counsel fees as may be allowed, ali receivers
| certificates as may be then due, and the amount
| OF the Judgments and interventiOns, principal
| interest and costs Of Louis Mciain, Ross &
| 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, 1885, secured by the said trust
| deed or mortgage, with interest Their on from
| October 9Th, 1888, at six (6) per centum per
| annum, and the coupons upon the same, due
1 March LIST, 1888 and September 1st 1888 with
interest thereon at six 90 per centum per an
| mum, and the other coupons coytred by the in
| terventious 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) az
| 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 Oh
| controlled by any of the parties to said litiga
| ton against said railway company or against
| the receiver and of all liens tor costs, expenses
| or allowances made, or to be made, by the cour
| 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 Jh {
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 a certified copy of said de
| cree, which may be SEEN at his Office, in Sayan
| nah, Georgia.
| HERMAN MYERS, Receiver.