Arizona weekly journal-miner., 1897-04-14

to bid who shsu not first deposit with him as pledge that he win make good his bid in case Oi It's acceptance the sum of slOo,OOO in money ol by certified check upon any national bank or anl trust company approved by the Special Master or szSooOO par value of the bonds secured by tl, trst mortgage of said Atlantic and Pacific Rail road Company referred to in said decrees. Tn. deposit 70 received from any unsuccessful bid der win bs returned to him when the propert, shAn bs struck down. and the deposit received from the successful bidder vilI be applied or scoOunt of the purchase price of the property The Special MAStsr will accept no bid for saIe railroad, property and franchises, unloss tn. same shAil at east equal to the sum of S5, ooO.oc
 Upon the acceptance of any bli the purohasel shall forthwith deposit with The stats Tras Company, of New York. subject to the ordsr oi said Special Master the sum of s25O,oOo in cad or by certified cheek upon any national bank ol ans trusi company approved by the Special Mas ter, or ssoo.oo par value of the bonds secured b, said lnartsnsS; bat any cAsh or bonds which ma, have bs D previously deposited by the saoosss. ful hiddsT az pisdge that he would mako good hs bid shall b. received on account of the amount 50 required on the acceptance Of hI. bsd-
 la ease any bidder or purchaser shall fAil to make gcOd his bid upon it's aeoeptAnes by the Special Master or shnll fail after acceptance to comply with any orders ef the Court relating to ths payment thereof or the oonsumnAtion of tho purchase, then the sums in cash or bonds de- posted hy snch purchaser or purchasers shall be forfeited as . peEslty for such failure and shah b. applied towards payment of the expense of a rssale and towards making good any deficiency loss in case the property shall be sold at less prics upon such resale. If any sale for which . deposit has been made shall not be confirmed by ths Court such deposit shaI bo returned to ths bidder
 Upon confirmation of the ssls by the Cot rs the purchaser shall make such further pASmont os payments in eash on account of the purchase price bid, for .he payment of the sums to be paid O1t Of the proceeds of said sAls ss provided in said deeres As ths Court may from time to time direct The balance of the purchAse price not roairsd to be paid in cash may either be paid in each or the purchaser may satisfy and make good the balance of hls bid in whole or in part by turning in Co be cancelled or credited. as in said dscrees provided any of the first mortgage bonds and coupons to be paid out of the proceeds of sAis upon distribution thereof. as in said decree. piOvidsi. and such purchaser shall be credited therefor on account of the purchase price such sams in eash As wouli be payable on sneh honda aud coupons out of tho proceeds of the sals if tas whole amount of ihe purchase price were paid in cash. The Court ressrves the right 10 ro-sell the property upon such notice as tha Court shall direct ia case the purcaaser shah fsil or omit 10 make any payment on account of any unpaid bal4nee of the purchase price within thirty days after the entry of an order requiring such payment
 The purchaser or purchasers at such sale and his or their successors or assigns shall hAveEthe right within ninety days after the confirmation of the salO and delivery of the deed to elect whether or not to assume or adopt any of She lsAsss and contracts sold with the railroad and other property and franchises; and the pur- chaser CT purchasers. his or their suecessors or sssigns. shall only be held to have Assamed sSsh of said leases contracts as he or they shall SO elect to assume.
 For the pnrposs of enforcing shs provi ions ot the dsersos iurisdiciicu Of the cause is re. tAinsd by said Courts. which reserve the right to retaks and resell said property in eass the pur- chaser or purchasers. his or their sceessors or assisns, shall fAil to comply with any order of the 'srt In respect to she payment of such prior indebtodnsss. obligations or liabilities within thirty days after the service of copy of sp ,h osfer.
 For further particulars reference is made to the aforementioned decrses of said Courts.
 DATED MARCH 7S, 1897.
 OWEN \. MARION,
 Special Mazsr. HOWARD W. SHELDON,
 NEELL B FIKIp,
 Solicitors for United States Trust Company, e
 New York, Complainant.
 First publication March 27. 1897.