The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-10-22
LaaAL NOTICES

chaser shall forthwith deposit with said
special Masters the sum of $4,000 In
cash, or by certified check upon any Ma.
tional Bank or Trust Company in the
City OF New York, or 100000 per value
OF the bonds secured by said mortgages:
out any cash or bonds which may have
Deen previously deposited by the success.
iul bidder as n 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 n
certificate of The Mercantile Trust Com.
pany, i'll 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
ny 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
tiers Will forthwith again offer the prop
erty for sale without further notice or
advertisements
In case any bidder or purchaser shall
fall 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 resale and towards making good any
deficiency or loss in case the property
shall he sold ut price less than that bid
at 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 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 nc
count OF. his bid as the Court from time
to time may direct. The purchaser NAV
satisfy and make good any part of his
bid not required to be paid in cash by
turning in to be Cancelled or credited, as
in said decree provided, any of said bonds
issued under said mortgage, dated March
10Th, lSJ@, 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 us 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, 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 particu
| lars reference is made to the above men
| toned DEGREES of said Courts.
| Dated October 10Th, 1896.
| G. F.. BOWDEN,
| CHARLES SHARP,
Special Masters.
! COWEN, CROSS & BOND,
| Solicitors for Complainant Mercantile,
Trust and Safe deposit Company OF
Baltimore, Trustee, Baltimore, Mary
| land.
] 10 % u w ) w