Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-12-08
TO SELL The PLANT
Judge Sesesens Order IN tho
Nelson. Matter & Co. Case
DIVIDED INTO FIVE PARCELS
The Eatire Property VIII Ne ofsered
a. the Highest Bladder January T.
Prcceeding. in Detail

The manner in which the Nelson.
Matter 4 co. property shall be disposed
% by the Michigan Trust COMPANY A.
receiver Was clearly outlined by Judge
Sesereas IN the United States circuit
court Yesterday. The osder was made
upna motion Of Fletcher a VANITY. at
torneys for the Trust company. on a
petition asking Tor directions from the
court ia regard To tho matter. and . as
follows.
first That the receiver nc once Close
the retail department Of Nelson. Matter
a Co. as constituted and shown by the
inventory Ia this cause. and make sales
al retail % the retail stock. and the
horses. wagons and slelghs not neees.
sary 90 carry on the retail business until
the date % sale hereinafter ordered. and
for that purpose employ sufficient help
and exercise It's lest discretion as 70
prizes. advertising and the manner oil
conducting such sale.
Secoad- That u proceed at once to
advertise for sale and sell a. public auc'
ton on the alta day % January. 1894. the
I estate OF Nelson, Matter Go. IN the
: following manner.
/ The receiver shall post up notice al
/ the time and place Of such sale at the
I entrance 90 the retail department al
I Nelson. Matter 4 Co. describing the
I property 20 be sold IN parcels "a herein
I after mentioned, and shall also adver-
/ tise such sale by publishing like
/ notice al leaet once week until the
/ day Of sale ia al least two Of the news
/ papers published ia the city OF Grand
4 A~n -. nah
/ sale i'm the trade journals and in such
I other WAYS as il deems expedient. aud
/ give notice 10 all Of the creditors Of
| Nelson. Matter Il Co. so far as known TO
I said receiver Of che time. place and man-
I ner OF such sale. For the purposes OF
/ such sale the property 10 be sold shall
be parceled az follows:
Parcels TO he Sold.
I 1. Parcel one. the Lyon street factory.
i the Lyon street block or warehouse, in
/ Guiding tho real estate. buildings. photo
I graph gallery and all machinery and fix
lures in the buildings.
! = Parcel two. the furniture manufac-
/ tursd and IN process OF manufacture
4 and materials therefor. constituting the
/ wholesale stock IL Nelson. Matter a Co.
/ also store aud Office furniture and Fix
/ tires. horses. wagons. sleighs. tools and
/ all other personal property belonging TO
/ the estate, not included IN the retail de
/ partmcnt.
a-Parcel three, the real estate COM
prising the west side lumber yard, so
| called.
4. Parcel four. tho lumber belonging
/ 10 said estate.
3. Parcel five. the real estate compris-
/ ing the old or Kent street lumber yard.
so-called, 10 be struck oil 20 the highest
| bidder
The real estate shall be sold subject
! 20 the existing membranes thereon,
I other than the mortgage 10 Enos Put
man. trustee. and the personal property
shall be sold free and clear OF all liens.
Out Of the proceeds OF such sale the
I receiver shall retain in its hands a suiii-
cient sum Of money to pay the amounts
! due and 10 become due upon the mort
/ cages To Euos Putnam, trustee. and
Ezra It. Nelson and Frederick H. Smith.
executors. etc. until this cause shall be
finally determined or until the further
order Of the court
Two Kinds OF Bids.
Upon the day OF such sale or any day
! thereafter. 10 which 1t may be adj
| iourned, the receiver shall have present
! at tho sale full Inventories and descrip-
lions OF the property To be sold. group
| ing the parcels together as herein before
mentioned. so that intending bidders
may inspect the same.
The said parcels shall be first offered
| for bids separately. In the order above
named, and after receiving all the bids
] Al. q
ceiyer shall retain the bids and close
the bidding for each parcel. except par
| Gel i've.
Immediately after the closing Of the
/ bidding in parcels. "a hereinbefore di-
| rected, the receiver shall offer for bids
/ all OF the property included in the par
I GELS. except parcel five. ia one parcel,
aud after receiving all OK the bids that
may be offered for said property, except
parcel five. in one parcel. the bids shall
l he retained and the bidding closed.
III the aggregate OF all the highest
bids received for said parcels. except
/ parcel tive, shall exceed tho amount OF
/ the highest bid received for the same
property offered in one parcel, then the
! parcels shall be struck OF and sold TO
/ the highest bidder for each % the re-
I
I property. except parcel five. shall be
sold TO the highest bidder for IT. as one
/ parcel
On the day preceding the said day OF
sale the receiver shall close up tho re-
| tail department. aud after tho sale OF
/ the other property a. hereinbefore di-
| rected. the receiver shall advertise q
sale. % occur within a short time after
/ said general sale. at auction. IL all tho
/ retail stock then left Unsold. and upon "a
\ notice of At least ten days TO be- pub
iished IN the daily papers of said city
I during that period. such auction sale 10
lie conducted ia the usual manner %
/ such sales. and the receiver may sell
said unsold portion % the retail stock IN
I parcels. or a. an entire lot. in such man.
7 ner as in its iudgmen. vail produce the
most money.
sales Mast Re Cash.
+ Al Of the sales herein provided Tor
shall te 10 the highest bidder Tor cash.
7 and any creditor or creditors IL Nelson.
Matter n Co. or the assignee n sail
T creditor may become the purchaser or
Z purchasers u any II said property. Ia
+ which case such ercslitnr or creditors
Hha|i fay the ftli amount - bis or their