The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-10-31
LEGAL NOTICES

hEo1Ab NOIlO8S
ana Southern Railway Company or the
Nortoik anu Western Railroad COMPANY
Tor unpaid indebtedness or liability con-
tractcd or incurred by said Railroad Com.
panies or either of them in the operation
OF the railroad and property sold, which
may be adJudged prior in lien or superior
IN equity 10 the mortgage of the said
Roanoke and Southern Railway Company
dated March 10th, 1899, for the foreclo-
sure oil 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
ana franchises above described who shall
not, as pledge that he will make good
MS pa III case of its acceptance, first
have deposited with the Special Masters
the sum OF so, 600 in money, or by certi-
fled check upon any National Bank or
Trust Company in the City of New York,
or SluV.UO0 par value of the bonds secured
by sad 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 10y certified check upon any Nh.
tional Bank or Trust Compauy in the
City of New York or S200,0 600 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 as pledge that he would
make good his bid. will he 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, .lS92, to an amount
lt.,l IL
the party therein NAMED, and transferred
by such party to the order of said Special
Masters i'll 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 prom
erty for sale without further notice or
advertisement.
In case any bidder or purchaser shall
fail to 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 penalty for such failure.
and will be applied toward the expenses
OF Il resale and towards making good any
deficiency or loss in case the property
shall he sold ut Il price less than that bid
ut the prior sale. If the Court shall not
confirm the sale the deposit will he re.
turned to the bidder The deposit rcceiv-
ell from any unsuccessful bidder will he
returned to him when the property shall
he 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. 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 in to he cancelled or credited. rs
in said DEGREES provided, any of said bonds
ISSUED under said mortgage, dated March
10th, ISL, or coupons; and such pur-
chaser shall he 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 in
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 viii III re.
tains the right to ictake 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-
spcct to the payment of any such prior