The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-10-24
LOCAL Mor,oas

Gu9All NoVsOES
chaser shall forthwith deposit with said
| special Masters the sum of $50, 600 in
cash, or by certified check upon any Ma.
tionai Bank or Trust Company in the
City of New York, or 5000, 900 per value
OF the bonds secured by said mortgage;
out any cash or bonds which may have
been previously deposited by the success.
iul 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 n
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 as 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-
tance 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 Il penalty for such failure,
and will be applied toward the expenses
of a resale and towards making good any
a
shall be sold ut u price less than that bid
Mt the prior sale. If the Court shall not
confirm the sale the deposit will he re-.
turned to the bidder. The deposit receiv-
ed from any unsuccessful bidder will be
returned to him when the property shall
be struck down.
Upon confirmation of the sale by the
Court the purchaser shall make such fur
ther payment or payments in cash on ac-
| count of. ibis 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 decree provided, any of said bonds
| issued under said mortgage, dated March
10th, 1892, or coupons; and such pllr.
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 rs the Court shall direct il
case the purchaser thereof shall fail Oh
omit to make any payment on account
of any unpaid balance of the purchas,
| 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 tn,
cause is reclaimed blythe Court, which re
tains the right to retake and. resell sait
property in case such purchaser, or hi
successors or assigns, shall fail to com
| ply with any order of the Court in re
spect To the payment of any such prio
Indebtedness or liabilities within thirt,
days after service of II copy of such order
The Special Masters will accept no biz
of less than the sum of five hundre,
thousand dollars. For further particu
lars reference is made to the above men
toned DEGREES of said Courts.
Dated October 10Th, 1896.
G. +. BOWDEN,
CHARLES SHARP,
Special Masters.
| COWEN, CROSS & BOND,
| Solicitors for Complainant Mercantile,
Trust and Safe deposit Company o
Baltimore, Trustee, Baltimore, Mary
| land.
! 10 22-1 IL W ) w