The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-06-08
REAL ESTATE BARGAINS
Fourth Sale Of City Property
Acquired Under the
Martin Act.

Mr.. Frank Stevens, a~uctioneer, will
sell at public auction in the new City
Hall, at one o'clock p. NJ, Wednesday.
June 16, and every Wednesday thereafter
until the sale is completed, a large
amount of valuable property in all parts
of Jersey City, which the corporation has
acquired under the provisions of the
Martin Act. This property is owned in
fee simple by the city and every pur-
chaser receives immediate possession and
a warranty deed to the amount of the
purchase money paid. The titles to this
property have been perfected on behalf
Of the city by the new Jersey Title
Guarantee n Trust Company. which At
special rates will give purchasers a
guarantee of title and a guarantee to
cover cost of improvements. This sale is
subject to these terms of sale.-
1st-Twenty (20) per cent at least of the
purchase money of said premises shall be
paid to the City Treasurer on the day
of sale when the property is struck off,
for which a receipt will be given. Said
purchase money may be in bank bills, APP
proved check, or in. bonds or obligations
of the City at par n accrued interest.
2d-The residue of said purchase money
I S1idu Nc pau 10 Inc Olty SleTh, at his
office in the City Hall, Jersey City, on the
21st day of July next, at II O'Clock A. M,
or sooner if mutually agreed. or as soon
thereafter as the Mayor may confirm the
sale required to be confirmed, and the
deed shall be ready for delivery.
Sd-The City Clerk is not required to
send any notice to a purchaser, and if
they neglect to call ar the time and place
above specified, to receive the deed, the
conditions will be as per Condition No.
r. of these conditions.
4th-The property will be sold free and
clear of taxes, assessments and water
rents, and other city liens to date OF
sale.
5th-The purchaser of any of the said
premises shall, on the day of sale, when
the property is struck. off, sign a mem
orandum of purchase, and pay lin add
ton to the twenty (2W per cent. of the
p%uctioneer tDes fe9e 81 IF three tnas t g aoli Ia 'f Il
cash upon each parcel sold.
os e 7 = ATTY city snnla, deliver tra to the pu !,
fee simple, containing a covenant o
warranty, on the part of the City, to tn,
amount of ~pudehase money paid.
to comply with the conditions of sal
the property shall be resold, and thu
amount OF the deIc1ency, III any, charget
) to the payment heretofore made upol
account by the first purchaser.
Sth-An dimensions d vertised ar
taken from the City tax maps and no
from actual surveys; the same are to b
construed as the dimensions of the prop
! erty in the possession of he City, b
: the same more or less.
: 9th-In case the amount bid shall b
less than the amount due to the City
: with interest, on the day of sale, tn
sale as made shall be subject to tn
approval of the Mayor of the City.
10th-In case, for any valid reason, tn
) purchaser Mould decline to complete hi
purchase, the City shall return til
amount paid on account, and there sha,
be NJ further claim against the City.
e The property to be, sold by Mr.. Ste
vens is all valuable and some of it
situated in the most desirable section
of the city. Lots are situated on Bel
n gen, Arlington, Pacific and Newark ave
e hues; Montgomery, Henderson, Thu
y teenth n Fourteenth streets. and man
e streets in Lafayette. 1t is seldom tina
s such an opportunity to secure first-clas
property. at a bargain has been offere
e to the citizens of Jersey City. Upon az
plication at Mr.. Stevens office, No.
Montgomery street, books containin
: maps of the property for sale, upo
which each plot is plainly located an
described, and information connecte
! with the sale. will be willingly ful
niShed.