The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-15

chaser to pay up the entire principal at ann
time before maturity with the interest acS
crued to date Of payment. The said bal@
ance 10 be secured by deposit OF collats
eral, or by other security, which shall ba
deemed satisfactory to a majority of tho
board OF directors of the said Defending
company and to be approved by the court.
Provided, further, that whereas. the props
critics and assets aforesaid Of the Atlantis
Short Line Railway Company are subject
TO a liability OF thirty thousand dollars
(10VJO, on a bond given in the superiorf
court Of BIB county, Georgia, as a parc
OF the consideration of the purchase Of thai
said property and assets by the reorganizas
ton committee as set forth In the bill OF
complaint and answer of defendants, upofH
which bond John 4. Young, Henry J. La
Strong, Henry Rice and Sol stein
are sureties, and which bond is conditioned
to pay the final judgments which may be-
entered in said superior court on certain
claims therein, which are contested. Now.-
II iinal judgment should be entered UP im
said superior court on said bond befor@
the expiration Of said three years herein$
before allowed for the payment of the de-s
ferred purchase money, then said pur-s
chaser may be required by an order of saitf
circuit court to forthwith advance and paH
into court in cash the amount of sucm
Judgments so entered upon, said bond to-
be used In the payment Of such Judgments.
ana said circuit court may enforce tho
payment Of such cash installment by ap@
propriate orders; and otherwise said THRU
~ thousand dollars 100000, shall be paid
at the expiration Of three years as afore-<
said.
BY the terms Of said decree It was or,
dered that the receiver shall make a rec
port Of said sale and his actions and do
ings In the premises and file the same i'm
said circuit court within five days afteH
said sale. That within five days after the
ming Of said report, or as soon thereafter
as practicable, the matter of the confirma@
ton Of said sale shall be heard and deter@
mined and the court shall thereupon.
after giving the parties to the record IN
said cause an opportunity TO be heard, del
termine In its discretion whether IL shall
con1rm the sale made upon the cash basis
as hereinbefore provided, or the sale upon
the time basis as hereinbefore provided or
either Of them.
BY the terms OF said decree II was fur
Their ordered that should the court on or
before the day OF the sale of said propertM
and assets as hereinbefore directed to
pc made, order postponemenn
or adjournment Of said sale to some otheH
and later date thereafter than that fixe6
for the sale I'm this order, that the received
shall at the time and place for said saIef
provided in this order make public and
nouncement of the fact OF such adtournS
ment and that in such case 1t shall not be-.
necessary to advertise said adjourned sales
unless specially directed by the court.
by the terms of said decree IT was fur
ther ordered and decreed that should the
sales hereinbefore first ordered to has'
made and said adjourned sales, or eitherg
or them, fail TO be made after due advers
tlsement as hereinbefore provided. and
after effort made by the receiver to make
SAID sale IN accordance with this decree.
or said sales having been made, Should
fail to receive the confirmation of thu
court, then in that case the court shall
nave power 70 direct a re-exposure for.
sale of said property and assets upon suck
terms and advertisement and at such times
as may seem best to it,
JOHN r. YOUNG, Receiver.