The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-10-29
LNaAr noIroRs.


ana Southern Railway Company or the
Nortoik and Western Railroad Company
Tor unpaid Indebtedness or liability con-
tracted or incurred by said Railroad Com.
panles or either of them in the operation
of the railroad and property sold. which
may De adJudged prior in lien or superior
IN equity to the mortgage of the said
ROANOKE and Southern Railway Company
dated March 10th, 1892, for the foreclo-
sure OF which said DEGREES were entered.
The Special Masters, as directed by the
DEGREES, VIII receive no bid from any one
offering to bid for the railroad, property
and franchises above described WHO shall
not, as Il pledge that he will make good
his bid, i'll case of its acceptance, first
have deposited with the Special Masters
the sum of 81, 900 in money, or by certi-
fed check upon any National Bank or
Trust Company in the City of New York,
or SlO0,u0O par value of the bonds secured
by said mortgage dated March 10th, 1892.
Upon acceptance of any bid the pur-
chaser shall forthwith deposit with said
Special Masters the sum of $50, 600 in
cash, or by certified check upon any Ma
tlonal Bank or Trust Company in the
City of New York, or 5000, 900 par value
of the bonds secured by said mortgage;
but any cash or bonds which may have
been previously deposited by the success
full bidder rs " pledge that he would
make good his bid, will be received on
account of the amount SO required on the
acceptance of his bid.
The Special Masters will receive II
certificate of The Mercantile Trust Com
pany, in the City of New York, that it
holds bonds issued under said mortgage
dated March 10th, 1892, to an amount
therein specified, subject to the order of
the party therein named, and transferred
by such party to the order of said Special
Masters in lieu of such bonds with like
force and effect rs though the bonds there
in named had been believed to such Spec
ial Masters.
In case any bidder shall fail to make
the deposit by said DEGREES required upon
acceptance of his bid, the Special Mas
ters Will forthwith again offer the prop
crty for sale without further notice or
advertisements
In case any bidder or purchaser shall
fail TO make good his bid upon it's accep-
lance by the Special Masters, or after
such acceptance shall fail to comply with
any order of the Court relating to the
payment thereof or the contamination of
the purchase, then the sums and cash or
bonds deposited by such purchaser will
be forfeited rs penalty for such failure,
and will be applied toward the expenses
of resale and towards making good any
deficiency or loss in case the property
shall be sold ut Il price less than that bid
Mt the prior sale. If the Court shall not
confirm the sale the deposit will be re.
turned to the bidder. The deposit receiv-
ell from any unsuccessful bidder will he
returned to him when the property. shall
be struck down.
4:
Court the purchaser shall make such fur
Their payment or payments in cash on nc
count of.his bid rs the Court from time
to time may direct. The purchaser may
satisfy and make good any part of his
bid not required to be paid in cash by
turning iii to he cancelled or credited rs
IN said DEGREES provided, any of said bonds
ISSUED under said mortgage, dated March
10th, lS93, or coupons; and such pur-
chaser shall be credited therefor on ac-
count of his bid with such sums as would
be payable on such bonds and coupons
out of the purchase price, if the whole
amount thereof had been paid in cash.
The Court reserves the right to resell said
railroad, property and franchises upon
such notice as the Court shall direct in
case the purchaser thereof shall fail or
omit to make any payment on account
price within thirty days after the entry
of an order requiring such payment.
For the purpose of enforcing the pro-
visions of the decree, jurisdiction of the
cause is retained byss the Court, which re.
tans the right to retakc and. resell said
property in Gaze such purchaser, or his
successors or assigns, shall fail to com.
ply with any order of the Court in re-
spect To the payment of amy such prior
Indebtedness or liabilities within thirty
days after service of Il copy of such order.
The Special Masters will accept no bid
of less than the sum of five hundred
thousand dollars. For further particu
lars reference is made to the above mem
toned DEGREES of said Courts.
Dated October 18th, 1896
6. T. BOWDEN,
CHARLES SHARP,
Special Masters.
COWEN, CROSS & BOND,
Solicitors for Complainant Mercantile
Trust and Deposit Company of Balti-