The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-06
RECEIVERS SALE.
RECEIVERS SALE.


TTNDER and by virtue OF a decree granted
- by the superior court of the county of
Mcintosh, In the state Of Georgia, on the 23d
day Of May, 1893 in the case Of THE CONT
MENTAL TRUST COMPANY EFT AL, VS..
THE DARIEN SHORT LINE RAILROAD
COMPANY EFT AL, i will sell In the
city of Savannah Ca. before the door Of
the County Court House in the said city, be-
tween the legal hours OF sale, on TUESDAY,
the 4th day of July, 1893 all the property.
assets rights, privileges and franchises OF
every kind and description belonging TO the
defendant, The Darien Short Line Railroad
Company, a railroad corporation Of the state
oflGeorgia, or connected with the said railroad
company The property consists of the rail
road situate and being in the counties OF
Mcintosh and Liberty, in the state of Georgia,
and now being operated by me as receiver,
the same being nineteen miles and fraction
in length with a terminus at the
Sapelo river, about thirteen miles
from the town Of Darien, fifteen
miles of which said railroad is In the county
of Mcintosh and the balance In the county of
Liberty also Of its terminus and terminal IA
cilities at Sapelo, consisting of twenty COO
acres of land conveyed TO said railroad com
pany by G. Fl. Hopkins; about fifteen hun
dred acres in Liberty county near the McIn-
tosh line; certain conditional donations Of
land six thousand five hundred and seventy
nine and one-half acres OF which are located
in the county of Mcintosh, and three thcc
sand two hundred and seven and one-half
acres OF which are In the county OF Liberty;
lots in the town Of Darien, in the said county
of Mcintosh; the tracts rights of way,
bridges, viaducts, culverts, roadbed and
structures of every kind connected with the
said railroad or appurtenant therefor also,
two locomotive engines, twenty fiat cars some
loose railroad iron, and generally all property
and assets of every kind connected with the
said railroad or its operation.
The said property and assets will be sold In
their entirety and clear Of all liens and will
be made to the highest ana best bidder at
public cutlery. Before any bid can be ae-
cepted or recognized. q deposit of at least
five thousand &5,OOO) dollars shall be made
by a bidder. In addition to said deposit, 80
per cent. OF the amount bid shall be paid i'm
mediately by the bidder at the time of sale
or the property shall be at once reoffered and
resOld. The balance of the purchase money
shall be paid within twenty (20) days after
the sale. In case of any resale on failure
of the purchaser or purchasers TO comply
with the conditions OF the sale or to make
full payment within the time specified the
said deposit, under the said decree, is to DO
forfeited as a penalty for noncompliance.
chase OF the property in addition to
the deposit of IS 900 90 may be paid
either in cash or in bonds or the overdue
coupons belonging thereto secured by the
mortgage on the property, such bodds and
coupons being receivable at such price or
value as would be equivalent to the distPibu-
tive share that the holders would be entitled
to receive in case the entire amount of the
bid was paid in cash and was distributed to
the bonds now outstanding and secured by the
said mortgage.
The said sale is subject TO the confirmation
Of the Judge Of the Superior court of the said
GEORGE f. ATWOOD,
Receiver Of the Darien Short Line Railroad
Company.