The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-04


State Of Indiana, county Of Marion, S. In the
Marion superior Court. Room 2.
Clemens Nonnegut vs.. The Arrow Cycle Manu-
featuring Company. No. 52sSS.
Notice is hereby given that T. Joel w Hadley.
Receiver heretofore appointed in the aboveenttIed
cause Of eli the property, both real and personal.
OF the Arrow Cycle Manufacturing Company, de-
PENDANT IN said cause, VIII. on Wednesday. the
sth day of February, 1895 at oclock a. m. at my
Office, No. ia East Market street. in the city
or indianapolis, Indiana, offer for sale, in pur-
suance of an order OF said court entered on the
list day Of February. 1885, in order book No. =.
ct Page in separate parcels, as hereinafler
described the several pieces Of property therein
described
Parcel %. The following described real estate
situated in the county Of Shelby and State Of In
diana, to wit: Beginning at a point LIS feet
south Of northwest corner of northwest quarter.
Section 4, Township II, north. Range Z, east. in
nheiby county, Indiana, and running thence south,
tO9e degrees east 4i2 $40 feet (25 rods, thence
south 2z7-5 feet to the middle or Michigan road,
ahence north, 7o5z degrees west. the line
of said road four hundred twelve and five-tenths
(lzO feet to the west line of said quarter Sec
ton, thence north 2271s feet to beginning Except
is feet of the east and west sides thereof for a
roadway, containing 24-100 acres more less,
together with the bicycle factory, machinery,
engine, boilers and electric light plant, tools
and fixtures thereon ana therein situated
together with all the cfgice furniture OF said fac
tory, subject TO the lien Of a mortgage upon said
real estate, factory ard machinery held by
Henry Beggs and Robert Frazer for 5000, with
interest thereon at per cent. since the 18th Gay
of September, 1895, ard all court costs aHG at
torney fees; also subject to second mortgage
upon said real estate. factory buildings and ma
chinery now held by the State Bank Of Indiana
and Emma B. SmitheIs for s11, 100 principal and
interest thereon; also subject to all and any
other liens and inculnDrances thereon, if any
there be.
Parcel e. 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 1,l75 feet to a
point being the northwest corner of the land
owned By the bicycle company, thence east, 701l
degrees south. Az 80 feet TO point, being the
northeast corner Of the land owned by the bicycle
company, thence north parallel with the west
line of this tract to the north line of said Sec
tion 4, 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 L. Crawford and
Emma b. Snithers as owners thereof; also SUBJ
5ect TO all taxes and membranes thereon.
Parcel 90. Seven hundred bicycles, known in
the trade as the Arrow bicycle, now in the
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 T,S11.07 principal, pledged by said company
TO the State Bank of Indiana as collateral secur-
ity to an S. 900 note which is still unpaid; also all
open accounts in behalf OF said company shown
by it's books, except the accounts OF said Arrow
Cycle Manufacturing Company against the II. r.
Conde Implement Company.
Parcel 90. All manufactured material on
hands in the factory at ShelbyvilIe, Indiana.
Parcel 90. All bicycle parts and fittings now on
hands in said factory in Shelbyvilie Indiana
Bids for the property represented II parcels one
two. four, five and six atoye shall be for cash.
For the property represented in parcel three above
no bid shall be received less than IS. 600 and
said property will be sold for S. 900 in cash, bal
ance OF the purchase money TO be evidenced by
the negotiable note of the purchaser, payable in
ninety l90l days. with security to be approved by
the court. Every person desiring to bid, prior
to 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, if the property is sold to
him upon his bid. he will perform and abide 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. I'D above also of the open accounts in
cluded In parcel No. (4) above and also of the I'M
manufactured material in parcel No. 90 above
and Of the bicycle parts and fittings in parcel No
60 above, which he will show to intending pur-
chasers at any time prior to said sale at his Of
flee above situated.
All bids will be received subject to the approval
Of the court. JOEL w. HADLEY, Receiver.