The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-11-07
LEaAL NOTICES.


| conveyed, including all net income and
| other property received by the Receivers
| of said Roanoke and Southern Rail
| way Company in the management or
| operation of the mortgaged premises en-
braced in the conveyance to such pur-
chaser, or pertaining thereto; and the
purchaser of said railroad, property and
franchises. his successors or assigns, shall
also receive conveyance of any and all
property of the said Roanoke and South
ern Railway Company appurtenant to
said premises or acquired for use in con-
nection with or for the purposes of said
railroad and property.
The said sale will be made subject, and
reference is hereby made, to the terms,
conditions, reservations and obligations
in said DEGREES respectively contained in
Guiding those in respect of (a) the said
receivers. (b) claims against the said Re-
ceivers, fc) claims against the Roanoke
and Southern Railway Company or the
Norfolk and Western Railroad Company
for unpaid Indebtedness or liability con-
tracted or incurred by said Railroad Com
panies or either of them in the operation
of the railroad and property sold which
may he adjudged prior in lien or superior
III 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, will 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, in case of it's accep+ance. first
have deposited with The Special Masters
| the sum of $50, 900 in money, or by certi-
| fed check upon any National Bank or
| Trust Company in the City of New York,
or 100000 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 $50 900 in
| cash. or by certified check upon any Ma
| tional 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 MAJ have
| been previously deposited by the success
| full bidder as 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 a
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 lien of such bonds with like
force and effect ms 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
tiers will forthwith again offer the prop
crty for sale without further notice or
advertisements
In case any bidder or purchaser shall
fail 10 make good his bid upon its 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
he forfeited as II peualty for such failure,
and will be applied toward the expenses
of II resale and towards making good any
deficiency or loss in case the property
shall he sold ut II 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 rcceiv..
ed from any unsuccessful bidder will be
returned to him when the property shall
he struck down
Upon confirmation of the sale by the
Court the purchaser shall make such fur
Their payment or payments in cash on ac-
| count o.. his bid us the Court from time
to time may direct. The purchaser may
satisfy and make good any part of his
bid not required to he paid in cash by
turning in to he cancelled or credited, as
in said DEGREES provided, any of said bonds
issued under said mortgage dated March
10th, 1892, or coupons and such pur-
chaser shall be credited therefor on ne
| count OF his bid with such sums as would
he payable on such bonds and coupons
ont 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 iii
case the purchaser thereof shall fail or
omit to make any payment on account
of any unpaid balance of the purchase
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 blythe Court, which re-.
tains the right to retake and resell said
property in case 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 any such prior
Indebtedness or liabilities within thirty
days after service of copy of such order.
The Special Masters will accept no bid
OF less than the sum of five hundred
thousand dollars. For further Iartcu.
lars reference is made to the above mem
toned DEGREES of said Courts
Dated October 10Th, 1896
G.. f. BOWDEN,
CHARLES SHARP,
Special Masters.
| COWEN, CROSS & BOND,
solicitors for Comulnnant Mercantile
Trust and Deposit Company OF Balti-