The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-15
RECEIVERS SALE
OF THE ASSETS OF THE ATLANTIC
SHORT LINE RAILWAY COM
PANX

UNDER and by virtue OF a 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, vladucts, bridges and, all and
singular everything appurtenant to 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
to the said Atlantic Short Line Railway
Company and, all and singular, the
rights and franchises of the said At
lantic Short Line Railway Company, for
the operation Of "A railroad in the state
of Georgia under the laws thereof, at
public auction to the highest bidder or
bidders before the court house door of the
United States courts at the usual place
Of he United States marshafs sales for
the Eastern division of the Southern dis
trlct OF Georgia, at Savannah, on the
TW ELFTH DAY OF JUNE next, between
the hours Of 10 a m. and 2 p. m.
/ will first expose all of the aforesaid
property and assets of the defendant
company for sale at public outcry as
aforesaid upon the following terms, that
Is to say: No bid to be received for less
than the minimum amount OF two hun
dred thousand dollars ($200.O00 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 $4,000, or the same
amount in cash. Any person depositing
said sum Of ten thousand dollars (Sl0, 00O
shall have the deposit or check returned
to him by the receiver without deduc-
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 in failing to comply with the terms
of his bid. The balance Of the purchase
price bid by The purchaser shall be paid
within ten days after the confirmation Of
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:
N
than two hundred and fifty-hve thous-
and dollars (S255. 000). The highest bidder
shall be required, Immediately upon the
acceptance of his bid by the said re-
ceiver, to deposit with said re-
ceiver certified bank check for ten thou
sand dollars $4,000, on some solvent
bank or the same amount In money Any
person deposting 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 rot confirmed by the court, unless said
property is resold at the expense of said
bidder, and because of his fault In failing
to comply with the terms of his bid. The
balance Of said purchase price shall be
paid as follows: Within ten days after
confirmation Of the sale to such pufchas-
err he shall pay the sum Of hfty-hye thou
sand dollars (S55000 in cash, which shall
include the ten thousand dollars (S10.0 COO,
which shall have been already deposited
as Aforesaid; the balance Of said purchase
price shall be paid on or before the expira-
ton Of three years from the date of sale
the said balance bearing interest at per
cent from date OF sale, payable semi-an-
nually, and with the option in the pur-