The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-03
LEGAL SALES.
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RECEIVERS SALE
OF THE ASSETS OF THE ATLANTIC
SHORT LINE RAILWAY COM
PANK

UNDER and by virtue of decree in
equity in the case of the Central National
Bank of New York, complainant, VS.. The
Atlantic Short Line Railway Company, de-
PENDANT. rendered on the 18th day Of May,
1895, by the circuit court of the United
States for the Eastern division Of the
Southern district of Georgia, will sell
as an entirety and In one parcel without
valuation. appraisement, redemption, or
extension the railroad OF the Atlantic
Short Line Railway Company within the
state of Georgia, including the roadbed,
right-of-way, easements and appurte-
nances, tracks and rails, including bars.
nuts, spikes, crossties switches, side
tracks, viaduots, bridges and, an and
singular, everything appurtenant 70 the
same and belonging thereto, box cars and
fiat cars. tools and implements Of every
character and description belonging to
SAID railway company, including all the
land situate at or near Sofkee. belonging
Company, and. all and singular the
rights and franchises OF the said Al.
lantic Short Line Railway Company, for
the operation Of a railroad In the state
public auction TO the highest bidder or
bidders before the court house door Of the
of the United States marshals sales for
the Eastern division Of the Southern dis
trict OF Georgia, at Savannah. on the
TWELFTH DAY or JULY next, between
the hours Of 10 a. m. and p. m.
] will first expose all of the aforesaid
property and assets of the defendant
company, for sale az public cutlery as
is to say: No bid to be received for less
than the minimum amount OF two mum
dred thousand dollars (S2O0,00O) in cash;
the highest bidder under said terms being
required to forthwith deposit with said
receiver a certified bank check on some
good and solvent bank for the sum of ten
thousand dollars Gl0,O0W, or the same
amount in cash. Any person depositiug
said sum of ten thousand dollars $4,000
shall have the deposit or check returned
e, - In, Etr he xrfffh
ton in the event the bid accepted by the
receiver is not confirmed by the court,
unless the property Is resold at the ex-
pense OF said bidder and because OF his
fault of falling to comply with the terms
of his bid. The balance of the purchase
price bid by the purchaser shall be paid
the sale by the court; provided that the
purchaser, If he controls any of the bona
fide liens and debts of the Atlantic Short
Line Railway Company which are enti-
tied to participate in the proceeds of the
sale aforesaid shall have the privilege
of turning In said liens and debts at their
pro rata value as part payment OF the
said balance OF said purchase money to
the extent of the said pro rata values.
And the said receiver Immediately after
he shall have received said highest bid
for said property and assets under the
terms as above set forth, shall again
offer for sale at public cutlery to the
highest bidder all of the aforesaid property
and assets upon the following terms:
No bid to the received for a less amount
than two hundred and fifty-hve thousand
dollars (s255, 900. The highest bidder shall
be required, Immediately upon the ac-
ceptance OF his bid by the said receiver,
TO deposit with said receiver a certified
bank check for ten thousand dollars 3d.
600, on some solvent bank, or the same
amount in money. Any person Deposit
ing said sum of ten thousand dollars
$4,000, shall have the deposit or check
returned TO him by the receiver in the
event the bid accepted by the receiver is
not confirmed by the court, unless said
property is resold at the expense OF said
bidder, and because of his fault in fall
ing to comply with the terms of his bid.
The balance of said purchase price shall
be paid as follows: Within ten days af-
ter confirmation OF the sale to such pur-
chaser he shall pay the sum of fifty-five
thousand dollars $780, COO, In cash. which
shall include the ten thousand dollars
$4,000. which shall have been already
deposited as aforesaid; the balance of
said purchase price shall be paid on or
before the expiration of three years from
the date of sale, the said balance bearing
interest at per cent. from date Of sale,
payable semi-annually. and with the OPP
ton in the purchaser to pay up the entire
principal at any time before maturity
with the interest accrued 10 date Of pay
ment. The said balance to be secured by
a deposit of collateral or by other secur-
ity, which shall Redeemed satisfactory TO
a majority of the board of directors of the
said defendant company and to be APP
proved by the court. Provided, further.
that whereas the properties and assets
aforesaid Of the Atlantic Short Line Rail-