Arizona weekly journal-miner., 1897-04-28

to bid who shall not first deposit with him as a pledge that he will make good his bid in case of Its acceptance the sum of si0o,o0o in money or by certified check upon any national bank or any trust company approved by the Special Master, or Ss5o,ooO par value of the bonds secured by tho first mortgAge of said Atlantic and Pacific Rail- road Company referred 70 in said decrces. The deposit go received from any unsuccessful bid der viii bo returned to him when the property shall bo struck down. and the deposit received from Che successful bidder sill be applied on account of the purchase price of the property. The special Master will accept no bid for sAid railroad. property and franchises. unless the same shall st least equal to the sum uf S, oO000O
 Upon tte ae rptanee of any bid the purchaser shAli forthwith deposit with The State Trust Company. of w York. subject to the order of said Special sss..s.ss ths snm as Ss50uO0 in cash or by certified cheek upon any national bank or any trnst e'mpA ny approved by the Special Mae Ger, or Stoo0o0 par value of the bonds seoured by said mortgage: b ta any cash or bolds which may hAye been preyiousl, deposited by tho suceess- fui bidder pl,is that he s ald make good hs bid shali be rec. .ed on acooun. of the amount so requirni on the acceptance of his bid
 fla case any bidder or purchaser stall fail to make god his s.d upoa its acceptance by the Special Master or shall fail after acreptanoe tO comply with any ortess Of the Court relating to the payment thereof or ths oonsammation of the purchase, then the sums in cash os bonds ds- posited by sach purchaser or purchasers shah be forfeited as a penalty for such failure and shall De applied towards payment of the expense of . resale aad towards making good any deheiency or lOss in eAso the pEepory shall to sold at less price upon sneh resale. If any safe for which deposit has bocu made shall not be confirmed by | the Court such doposit shall bo returned to the bidder.
 Upon confirmation of the sals hy the Corrs I tho purchaser shall make such further pas ulent 1 os payments In cash on account of the purchase l price bid. for tte payment of the sums to bo paid oat of the procpeds of cad sals as provided in said decreea as the Coart may from time Co time direet The balaaoe of tho purctAse price not required to be paid in cash may either be pAii in cash or the purchaser may satisfy and make good | the balance of his bii in whole or in part by 1 tarang in Co be cancelled or credited. as in sAid deerecs provided, any of the first mortgage bonds and coupons to he paid uat of ths proceeds of | sale upon distribution ther.Of. As in said deefees Fovidel and such purchaser shall b. credited 1 therefor on account of the purchase price snch 1 sums in cash as wouid be ps-zble on sneh boads and coupons out of the proceeds of the sale ii the whole amour, of the purchase price were paid in cash. The Court reseryes the right to re-sen the property upon such notice ss ihe Cous; shall direct in case ;bo purchaser siAll fAil or omit to mako Hni payment on account of any unpaid tal nee of the purchase price within thirty days after the entry of an order rcqniriue such payment
 Tse purchaser or purchasers at such sale and bic or their snocsssoEa or assigns shall hAvesshe right within ninety dAys after ths confirmation oi the ssle and delivery ot the deed to elect whether or not 10 assume OF adopt any ot she leases and ooatraots sold with tho railroad snd other prpeersy and franchises; and the pur- chaser or pusehssere. his or their successors or assigns. shall only b. hold to have assumed such ef said Ieases or contracts as he or they shall SO elect to assume.
 For the parpose 0g enforcing the provi,iens of the deerees jurisdiction of the canss is rs- tainsd by said Courts, which reserve the righ, to rctake and resell said property in casa the pur- chaser sT purchasers. his or Lioir scee>sors or assigns. shall faii to comply with any order of tle Coar, ia respect 10 the payment of sEeh prior ia.iebi.,iaess. obligations or liabilities within tbir;y days after tbe service of eOpg of such orler.
 For further particulars reference is made to ths aforementioned deerees of said Courts.
 DtrEp MARcH g, 1897,
 OWEN N. MARRoN.
 Special Master
 E.SAaB w. SHELDON.
 NEIL B. FIE.p.
 Solicitors fer Unltsd ssa,cs Trust Company, of
 New York. Complainant.