The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-05

State of Indiana, county of Marion, SIS. In the
Marion Superior Court, Room 2.
Clemens Vonnegut VS.. The Arrow Cycle Manu-
featuring Company. No. 526SS.
Notice is hereby given that L. Joel w. Hadley,
Receiver heretofore appointed in the aboveenttIed
cause of all the property, both real and personal,
of the Arrow Cycle Manufacturing Company de-
fendant in said cause will, on Wednesday, the
9TH day of February, 1898, at o'clock a. m. at my
office, No. ia East Market street. in the city
of indianapolis, Indiana, offer for SALE in pur-
suance of order of said court entered on the
LIST day of February, 1898, in order book No. =,
at Page =, in separate parcels, as hereinafter
described, the several pieces of property therein
Parcel ~. The following described real estate
situated in the county of Shelby and State of In
south OF northwest of northwest quarter.
Section 4. Township H. north Range z. east, in
Shelby county, Indiana, and running thence south,
t0l2 degrees east, Az 5-l0 feet (25 rods, thence
south 227.5 feet to the middle OF Michigan road,
thence NORTH 701z degrees west, the center line
Of said road four hundred twelve and five-tenths
(4l2.5) feet to the west line of said quarter
tion thence north 22715 feet to beginning Except
10 feet off the east and west sides thereof for a
roadway, containing 24-100 acres more or less,
together with the bicycle factory, machinery.
engine. boilers and electric light plant, tools
ana nxtures thereon and therein situated,
together with all the office furniture of said fac
tory, subject to the lien of mortgage upon said
real estate, factory and machinery held by
Henry Beggs and Robert Frazer for ST, 600. with
interest thereon at per cent. since the 18th day
of September 1895, and all court costs and at
torney's fees; also subject to a second mortgage
upon said real estate, factory buildings and ma
chinery held by the State Bank of Indiana
and Emma B. Smithers for SILL 700 principal and
interest thereon; also subject to all taxes and any
other liens and incumnrances thereon, il any
there be.
Parcel (9. Also the following described real
estate in Shelby county, Indiana: Beginning at
the northwest corner of Section 4, Township II.
north, Range 2, east, thence south LIS feet to
point, being the northwest corner of the land
owned by the bicycle company, thence east. 70n
degrees south, 4i2 $40 feet 10 a point being the
northeast corner of the land owned by the bicycle
wi he aaof
line of this tract TO the north line Of said Sec
ton A. thence west along said north line rs rods
more or less to beginning containing IL acres
more or less. subject however, to all claims.
rights and title OF William F. Crawford and
Emma i. smlthers owners thereof; also sub
ject to all taxes and membranes thereon.
Parcel 90. Seven hundred bicycles, known in
the trade as the Arrow bicycle, now in the ware
house of the Union Transfer and Storage Com
pany, in the city Of Indianapolis Indiana, with
out tires.
Parcel "a. Certain bills receivable owing to the
Arrow Cycle Manufacturing Company aggregat-
ing Sl,SlLO7 principal, pledged by said company
to the State Bank OF Indiana collateral secur-
ity to $4,000 note which is still unpaid; also all
open accounts in behalf Of said company as shown
by its books, except the accounts OF said Arrow
Cycle Manufacturing Company against the III. r.
Condo Implement Company.
Parcel 90. All manufactured material on
hands IN the factory at Shelbyville, Indiana.
Parcel 90. All bicycle parts and fittings on
hands in said factory in Sheibyville, Indiana.
Bids for the property represen d in parcels one,
two, four five and six atove all be for cash.
FOR the property represented IN parcel threS above
no bid shall be received for less an S.. 900 and
said property will be sold for $50 p II cesh bal
of the purchase money to be- .is.lced by
the negotiable note of the purchas fable in
ninety 900 days, with security to o. Joroyed by
the court. Every person sSirfn2 e BID prior
to the Offering OF said r4zayert- r, tie receiver
for sale, shall deposit 18th the ceivcr $500 in
cash or certified check Dayable to the receiver
upon condition that IL the property is sold TO
him upon his bid. he will perform and ab6c by
his bid, and said $500 shall be applied to the
purchase price If the sale be approved by the
court otherwise shall be returned to him.
The receiver has itemized lists OF the office fur
niture, machinery, tools and fixtures included in
parcel No. % above also of the open accounts in
cluded in parcel No. (D above and also OF the un-
manufactured material in parcel No tO above,
and OF the bicycle parts and fittings in parcel No.
90 above. which he will show TO intending pur-
chasers at any time prior to said sale at his Of
flee above situated.
All bids win be received subject to the approval
of the court. JOEL w HADLEY, Receiver