The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-11-01
LEGAL NOTICES

| tuereO1.
Subject, however, as to certain of said
| rolling stock, to Il certain equipment
lease known rs the Roanoke and Southern
| Equipment Trust Series a, dated the 18th
| day of December, 1891, under which there
are now outstanding and unpaid certfi-
Gates to the aggregate amount of $75, 900.
| par value.
And subject also to the performance by
| the purchaser, his successors or assigns, of
all pending contracts in respect of said
| railroad, property and franchises lawfully
| made 10y the Receivers of the Roanoke and
} Southern Railway Company before such
| sale thereof
| As provided by said DEGREES, said rail
road, property and franchises will be
| offered for sale as an entirety.
| The purchaser CT said railroad, property
and franchises, his successors or assigns,
upon payment of the purchase price bid
therefor, or upon making such provision
as the court shall approve for the paw
ment thereof, will receive conveyance of
and be let into possession of the premises
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 mortgagcd premises en-
braced i'll 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 nil
| property of the said Roanoke and South
ern Hallway Company appurtenant to
said premises or acquired for use in con-
necton 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
| inc Il Il.
| GLIDING those i'll respect of al the said
Receivers, (b) claims against the said Re-
ceivers, tc) 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.
| panics or either of them III the operation
of the railroad and property sold, which
may be adjudged prior in lien or superior
| i'll equity to the mortgage of the said
Roanoke and Southern Railway Company
dated March 10th, 1892, for the forcclo-
| surc'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 pledge that he will make good
| his bid, i'll case of it's acceptance first
have deposited with the Special Masters
|
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 $50 600 in
cash, or by certified check upon any Ma.
tional Bank or Trust Company in the
| City of New York, or 5000, 600 par value
lAE tl,.1 NO, 10
but any cash or bonds which may have
been previously deposited by the success.
full bidder as II 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 lieu of such bonds with like
force and effect as though the bonds there.
in named had been believed to such Spcc-
al Masters.
In case any bidder shall fail to make
the deposit by said DEGREES required upon
acceptance of his bid, the Special Mas
tcrs will forthwith again offer the prop
crty for sale without further notice or
advertisement
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
he forfeited as II penalty for such failure,
and will he applied toward the expenses
of Il resale and towards making good any
deficiency or loss i'll case the property
shall he sold ut II 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.
ed from any unsuccessful bidder will he
returned to him when the property shall
be 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 oil. his bid as 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, as
in said DEGREES provided, any OF said bonds
issued under said mortgage, dated March
| 10th, lS92, or coupons and such pur-
chaser shall he credited therefor on nc-
count of his bid with such sums as would
be payable on such bonds and coupons
out of the purchase price, ii 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
OF any unpaid balance Of the Uchase
price within thirty day. after the entry