The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-07-08
NOTICE OF RECEIVERS SALE.

In the Superior Court of Marion county. Room
g. No. SSH
State Bank of Indiana VS. The Indianapolis and
Broad Ripple Rapid Transit Company.
BY virtue Of decree and Judgment Of the
Superior Court Of Marion county. Indiana, en-
tered in this the goth day of June, 1899
the undersigned, John B. Cockrum receiver of
the indianapoi , and Broad Ripple Rapid Transit
1899. between the hours of 10 O'clock a. m. and 4
o'clock p m. at the south door of the court
house in Indianapolis. Indiana, offer for sale at
public auction to the highest and best bidder
the property OF said Indianap polls and Broad
Ripple Rapid Transit Company. as follows. to
All and singular the lines of street and sub
urban street railway. including all rights of way,
stations, power houses, OF every kind
motors. generators engines. machines, machinery
poles lines. wires and other apparatus and equip
way owned by the defendant. the indianapolis
and Broad Ripple Rapid Transit Company or in
which 1t has any interest. and all and singular
the franchises, rights, easements privileges, To-
cations and powers. contracts claims demands
ana things in action. and all other property, real
and personal. of whatsoever nature and descrip-
ton. wheresoever situated. of belonging to said
defendant. the Indianapolis and Broad Ripple
Rapid Transit Company, or in which it has any
interest including the parcel OF real estate known
as the Broad Ripple Park property, and the other
lots and parcels Of real estate specifically de-
street Trust Company and complaint of the Land
Title and Trust Company filed in this cause, and
appurtenances. and which have heretofore been
taken and is now in the possession Of the court
by virtue or the receivership in this cause.
Terms OF Sale
Said property will be sold an entirety free
from all liens and membranes thereon Oiens
being transferred without prejudice 10 the fund
At least one-third OF the purchase money must
be paid In cash to the receiver upon the con-
frmation Of the sale by the court. The remainder
OF the purchase money shall be paid in three
equal installments payable respectively or be-
fore the expiration OF four, eight and twelve
months from the. date of the confirmation OF the
sale. The purchaser to execute his promissory
note for such deferred payments, payable to the
receiver at bank In the city of indianapolis
mum and attorneys fees. without relief from
valuation appraisement laws. The payment of
such notes to be secured by the reservation of
the right in the court to vacate the sale and re-
the failure OF the purchaser 10 pay any INSTALL
ment of the purchase money at maturity
No bid will be entertained by the receiver until
the bidder has deposited with the receiver a GER
upon bank in the city of Indianapolis for ten
thousand dollars. which check in the event the
person depositug the same becomes the pur-
chaser Of the property. shall be used In part pay
TO be paid in cash. otherwise TO be returned TO
the person by whom the same was deposited
provided, however. that, IL any bidder 10 whom
said property shall he struck of shall fail 10
payment required upon confirmation OF the sale
according this decree the said deposit of ten
thousand dollars shall be forfeited TO and become
the absolute property of the receiver for the use
The sale will be subject to confirmation by the
court and the court reserves the right 20 reject
any and all bids
The property sold VIII be turned over to the
purchaser on the confirmation of the safe and the
completion Of the cash payment and the execution
Of. the notes as above provided.
JOHN p. cOcKRUM Receiver
Miller. Elan Fesier. Attorneys Tor Receiver.