The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-26
LEGAL SALES.
Central Railroad and Banking Co.
Of Georgia.
SPECIAL MASTERS SALE.

ance or decree OF the circuit court of the
I United States for the Southern district az
Georgia, eastern division, entered on Aug.
%, lss3, IN the suit of the Farmers Loan
ana Trust Company against Central Rail-
al. ana Alexander Brown Sons
against the Central Railroad and
Banking Company OF Georgia et
al, consolidated cause in equity, upon
the cross bill of the Central Trust Com
pany OF New York, we. the subscribers,
speeial masters, thereby designated, VIII,
on Monday, the 9TH day of october, 1875,
or the DAY to which we may adjourn sucn
sale, at y O'Clock noon, at the FROM
door 81 the principal passenger station
of the Central Railroad and Banking Conn
pany of Georgia, in the city of Savannah
and state of Georgia. sell al public auction,
without valuation, apQraisement, redemp-
tlon or extension, 10 the highest bidder Or
bidders, all the railroad, property, rights
and Interests described In the consoh-
dated mortgage of the Central Railroad
and Banking Company of Georgia, dated
April ], 1880, and upon which said mort
gage is Hen, said railroad being descrlD-
ed in said mortgage as follows, viz.
Commencing at the initial point of said
line or railroad of said railroad ana bank
ing company in the city of savannah, in
the county OF Chatham, state OF Geor-
gia, and running thence in a northerly
and northwesterly direction through the
counties Of Chatham. Efiingham, ScreVeh,
Burke, Jefferson, Washington. Wilkinson,
Jones, Bibb, Monroe, Pike, Spalding, Hen
ry, clayton ana Fulton, in SAID state OF
Georgia, TO the terminal point OF SAID
line OF railroad in the city Of Atlanta, IN
said county OF Fulton And, also, com.
mencing in the town of Gordon, IN said
county of Wilkinson, at a connection with
the line OF railroad of said railroad and
banking company above described, and
running thence IN northerly direction
through the counties of Wilkinson and
Baldwin, TO its terminal point in the city
of Miiledgeville, in said county Of Bald
win; together with all the estate, righ',
title and interest of said railroad and
banking company of, In and to the SAID
lines OF railroad, and every part and par
Gel thereof, including all rights OF way
rOad-bed, supers tructufe, tracks, bridges,
trestles, Viaducts, sNle-tracks, switches,
and switching apparatus, turntables wat.
er-tanks, and signalling apparatus, all
terminal facilities Of every character,
wharVes warehouses, depot grounds,
yards stations, station houses, engine
houses, coaling stations and machine ana
repair shops, and all engines, tenders,
ears and rolling stock and tools, machin-
cry, materials, supplies and other equip
or which it may hereafter acquire for use
in connection with said lines OF railroad
or either of them
And also all equipment, supplies and ma
teral, and all interest and title therein,
owned by said Central Railroad and Bank
ing Company of Georgia, OF purchased or
constructed by the receivers for use IN
the operation of said railroad or now
in use on such railroad system. The
same will be sold in the manner and upon
the terms hereinafter stated, viz:
parcel and struck Off to the highest and
best bidder. The special masters VIII re-
ceive no bid for the property unless at
the time of making the bid the bidder
shall deposit with them either the sum
Of $4,000, or consolidated bonds secured
by the said mortgage TO the amount or
600 par value, of principal, as pledge
that said bidder will make good his BID
If upon being reported the same Is ac-
cepted by the court.
OF the price for which said property
shall be sold, there shall be paid in cash
at the time Of the sale the sum Of $780,
| 90, the amount of any cash deposit which
/ may have been made by the bidder al the
time OF making his bid being received as
a part thereof; and, also, upon the con-
| frmation of said sale, ana from time TO
/ time thereafter, such further portions OF
! the said purchase price shall be paid IN
! cash as the court may direct in order to
meet the expenses Of foreclosure and sale
and allowed preferential claims The
court reserves the right 70 reject any bio
/ and to retake possession Of and resell
said premises and property upon failure
of any purchaser, for twenty days, 10
comply with any order of court requir-
ing further payment Of such bid or any
decreed preferential claim.
The balance Of the purchase price not
required 10 be thus paid in cash may
either be paid in cash or the purchaser
! may satisfy and make good said balance
! of his bid, In whole or IN part, by paying
| over and surrendering to the special mas
tiers outstanding consolidated mortgage
bonds and overdue coupons appertaining
| thereto or either; said bonds and coupons
! to be received in satisfaction and payment
on such bid at such price or value as
shall be equivalent to the amount that
the holders thereof would be entitled TO
receive thereon in case the entire pur-
chase price were paid in cash. If any bid
shall be accepted by the court and the
person or persons making the same shall
fail to comply with all the conditions OF
sale and all orders of the court in re-
spect thereto, the sum deposited by the
bidder shall be forfeited and shall be APP
piled as the court may direct.
The approved purchaser or purchasers
at said sale shall take the property
| purchased subject TO the lien of any ana
| all debts, obligations and liabilities or
the receivership heretofore or hereafter
to be lawfully incurred by or under the au-
thority of the court, or arising out
Of the operation Of such railroad, and SUBJ
ject also to the lien Of any and all claims
heretofore filed i'm said cause OF in the
causes consolidated therein. which the
court has allowed and adJudged or shah
hereafter allow and adJudge 70 be prior
in lien or superior In equity TO the said
consolidated mortgage, and order to be
paid by such purchaser The approved
purchaser or purchasers. and his or their
assigns, shall be entitled to appear, re-
sist and take evidence on all such al
lowances, and to appeal from any and
all orders or DEGREES OF the court in re-,
spect 10 such claims or receivers obliga-
tions or any of them, and shall have
all the rights in respect to any such app
! pearances and appeals which the Central
The approved purchaser or purchasers
at said sale will not be required TO as
sumo or adopt any leases executed by SAID
mortgagor corporation, but shall have the
right to elect whether o. not TO assume
or adopt the same of any thereof
Upon confirmation of said sale and COM
pletion of the purchase by the purchaser
or purchasers, said purchaser or pur,
chasers will be entitled to receive from the
special masters a deed or deeds of the
property sold, and also q deed or deeds
of assurance to be executed aeeording.
to law by the Central Trust Company of
New York and also by the Central Rail-
road and Banking Company of Georgia.
The sale and the title obtained thereby
shall be subject In all things to the tri-
partite mortgages dated October l. 1872
executed to the Farmers Loan and Trust
Company, and TO the provisions Of the de-
cree rendered by said court forecIosing
said tripartite mortgages, and subject to
All the Indebtedness secured by said tri,
partite mortgages. The purchaser or par.
chasers and his or their assigns shall
receive and hold title to the property so
purchased subject to the said tripartite
mortgages and to said decree, and all tho
indebtedness secured thereby, and subject
also to all costs incurred in the orignal
consolidated causes or either of them in
Guiding allowances to solicitors or eouu-
sell and expressly subject to all the rights
liens claims and equities Of the South
western Railroad Company in, under or
with rasDect to said tripartite MORTGAGES