The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-11-15
LEGAL SALES.

COMMISSIONERS SALE OF THE PROP
ERTY AND FRANCHISES OF THE MACON
AND ATLANTIC RAILROAD COMPANY,
AND PROPERTY OF THE MACON AND
SAVANNAH CONSTRUCTION COMPANY.
Under an order of Hon A L. Miller, judge
- OF the Superior Courts. Macon circuit, the
undersigned commissioners appointed in said
order, will publicly expose for sale at the Court
House in the City Of Macon, Georgia, on WED
EESDAY. the 3Jth day of November 1922, dur
ing the legal hours of sale. and sell at public
Outcry to the highest bidder all of the property
add franchises of the MACON AND ATLANTIC
RAILROAD COMPANY; also all OF the prop
erty of the MACON AND SAVANNAH CON
STRUCrION COMPANY, herein fully set forth
and described, to-wit: All the road roadbed,
right Of way, trestes, track and sidetrack Of
the MACON AND ATLANTIC RAILWAY
said railway having been surveyed and
laid out from Sofkee, in the county of Bib, TO
the Savannah river, and running through the
counties OF Bibb, Twggs, Laurens Johnson
Buloch Emanuel and EfinghAm, and the con
dition of said railway being as follows:
From Sofkee In Bibb county TO the thirteenth
mile post in Twiggs county, the grading is
nearly completed and the right of way gener-
ally acquired, and trestle constructed through
the swamp of the OcmulRee river on both sides
From the thirteenth mile post to Bruton in
Laurens county, a small portion Of the right Of
way has been acquired and a small amount OF
grading done Commencing at Bruton at the
RAILWAY with the WrightsVille and TennilIe
railroad, said MACON AND ATLANTIC
RAILWAY has been graded and
two hundredths miles and yard tracks
constructed at Brutou; all laid with seventy
pound steel rails and f1fty-two inch angle bars.
From the eastern end of said track so con-
structed to Pineora in EfhnRham county, on
the line OF the Central railroad for a dis
lance of seventy-tive and forty-seven hun
dredths miles the grading and trestng is al
most entirely finished, a large amount Of trest-
ling being included in said distance. The dis
tance from Soflree to Pineora is one hundred
and forty four and sixteen hundredths miles,
Also all the land decided by Il. NJ Feagn TO
said MACON AND ATLANTIC RAILWAY
COMPANY, the same being the land in the tri-
angle formed by the MACON AND ATLANTIC
RAILWAY and the Georgia South.
err and Florida railroad at Sofkee, in the
county of Bibb, containing about six (6) acres:
also fifty 500 fiat cars, twentyfOur ga box cars
and one ~ push car; also all the franchises
held and owned by the MACON AND AT
LANTIC RAILWAY COMPANY.
Also, at the same time and place and in the
same manner. the following described property
OF the MACON AND SAVANNAH CON-
STRUOTIoN COMPANY, to-wit: six thousand
seven hundred and twenty-three (6,723D seventy
pound steel rails, seventeen thousand five hun
bred and fOrty-nine l1,640) angle bars now
stored at BrutOn, and ten thousand six hundred
and eighty-seven Q0.6S7J angle bars now stored
at Sofkee, hfty-fve thousand two hundred and
fifty (55 1900 bolts, six hundred and seventy 800
kegs of spikes, hfty-one thousand (51 ,0JO)
washers, two ~ springs frogs and four ~
and ninety-fivs thousand Q95 900 crOssties on
the line OF said MACON AND ATLANTIC
RAILWAY on the unfinished portions thereof,
and about ninety Thousand 80, 600 cross
ties on the line of the Georgia Southern and
Florida railroad
The above and foregoing described property
of the MACON AND Atlantic RAILROAD
COMPANY, and of the MACON AND SAVAN-
NAH CONSTRUCTION COMPANY, will be
first sold separately aud thea altogether and
should the bid for the whole property of both
companies exceed the bids that shall be made
for the separate properties when added to
gether then the bid for the whole shall be ac-
cepted and the proceeds divided as provided in
said order, upon confirmation of said sale by
the court.
The terms of sale are ten thousand dollars
$40, 900 cash to be paid Immediately upon the
acceptance of the bid or a certified check or
checks which said sum in cash or certified check
or checks shall be at once paid into the hands Of
the comm sSoners, or in like proportions should
the personal property be sold IN separate par
cells TO different purchasers. OF the balance OF
the purchase money, eighty thousand dollars
1880, 900 must be paid upon the confirmation Of
the sale, and upon the execution Of proper deeds
and bills of sale by the commissions or in like
proportions should the property be sold in sep
crate parcels to different purchasers. The bal
ance of such purchase price the purchasers
shall have the option 10 pay in cash at the time
Of the confirmation Of the sale, or in lieu of
cash at said time to give good and sufficient
bonds payable to the CLERK Of the court
and With sureties to be approved
by the chancellor, or such other security as
the chancellor may approve, to secure the pay
ment into court upon sixty days notes of the
remainder of the purchase money at such time
and In such sums as may be decreed by the
court; deferred payment TO draw interest at
the rate OF per cent. per annum from the date
Of confirmation Upon compliance with the
terms Of sale and approval thereof by the chan
celIor, the purchaser will receive from the re-
ceiver and from the officers of each de-
fendant corporation the title to said property,
free from the lien Of the mortgage given to Sc
cure the holders Of the first mortgage bonds Of
the MACON AND ATLANTIC RAILROAD
COMPANY and free from all other liens and
membranes wbatsoevr.
W N. GORDON,
CHARLES G. KfBBEE,
ROBERT A. NISBET,
OCroEER, 1892. Commissioners