The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-03
LEGAL ADvERTIsEMENTs.


State OF Indiana, county of Marion, S. In the
Marion Superior Court, Room 2.
Clemens Vonnegut VS.. The Arrow Cycle Manu-
featuring Company. No. 52GSS.
Notice is hereby given that /. Joel W. Hadley,
Receiver heretofore appointed in the above-enttled
cause OF all the property. both real and personal
or the Arrow Cycle Manufacturing Company, de-
PENDANT in said cause. will, Wednesday, the
9th day Of February, 1898, at o'clock at my
Office. No. ia East Market street, he city
OF Indianapolis, Indiana, offer for san, IN pur-
suance OF an order OF said court entered the
1st day OF February. 1888, in order book No
az Page - In separate parcels as hereinafter
described.
Parcel a. The following described real estate
situated in the county OF Shelby and STATE OF In
diana. to wit: Beginning at a point T. 1T5 feet
south of northwest of northwest quarter
Section T. Township 12 north, Rarge :, east, in
Shelby county, Indiana, and running thence south,
10ls degrees east, 412 $40 feet (25 rods thence
south 221.5 feet to the middle or Michigan road,
thence north 10ls degrees west on the center line
OF said road four hundred twelve and five.tcnths
t4l2.O feet to the west line of said quarter sec
ton- thence north 227ls feet 10 beginning Except
IS feet Off the east and west sides thereof for
roadway, containing 2 2i-100 acres more or less
together with the bicycle factory machinery
engine, boilers and electric light plant tools
and fixtures 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 now held by
Henry Beggs and Robert Frazer fer Sc otO with
interest thereon att 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 ami ma
cfsinery now held by the State Bank OF Indiana
and Emma b. Smithers for 81, 700 principal and
interest thereon: also subject TO all and any
other liens and incunorances thereon, il any
Parcel (2). Also the following described real
estate in Shelby county. Indiana: Beginning at
the northwest corner of Section 4, Township r.
north, Range z. east thence south f,fT5 feet to a
point being the northwest OF the land
owned by the bicycle company, thence east. 70ia
degrees south, 412 $40 feet TO a point, being the
company. thence pSrth parallel with the west
line of this tracs 70 the north line of said Sec
tion I, thence vest along said north Tue % rods
more or less to beginning. containing il acres
more or less. subject, however, to all claims.
Emma Is. Smithers 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 s1Sll0I principal, pledged by said company
10 the State Bank of Indiana collateral secur-
fly an S. 0e0 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 II. T.
Condo Implement Company.
Parcel 90. All manufactured material on
hands IN the factory at Shelbyvle, Indiana
Parcel (6) All bicycle parts and fittings now on
hands Ia said factory in Shebyville. Indiana.
Bids for the property represented in parcels one
two, four, live and six shall be for cash.
For the property represented in parcel three above
no bid shall be received for less than IS 600 and
said property viii be sold for 5000 in cash bal
ance of the purchase money TO be evidenced by
the negotiable note Of the purchaser, payable in
ninety 900 days with security TO be approved by
the court. Every person desiring to bid. prior
20 the Offering Of said property by the receiver
for sale. shall deposit with the receiver $500 in
cash or certified check payable TO the receiver
upon condition that. II the property is sold TO
him upon his bid, he will perform and abide by
his bid. and said $500 shall be applied 70 the
purchase price. II the sale be approved by the
court. otherwise shall be returned 10 him.
The receiver has itemized lists Of the Office fur
nitufe machinery, tools and fixtures included In
parcel No. % above; also of the open accounts in
ciuded IN parcel No. 90 above. and also OF the
manufactured material In parcel No. 30 above,
and OF the bicycle parts and fittings In parcel No.
90 above, which he will show TO intending pur-
ohasers at any time prior TO said sale at his Of
nee above situated.
All bids will be received subject TO the approval
% the court JOEL W. HADLEY, Receiver.