The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-27
RECEIVERS SALE OF THE UNION
STEEL COMPANY's PROPERTY.

Notice is hereby given that. pursuant to an or
der OF the Madison Circuit Court. entered OF rec
ORD IN the case OF the Missouri Furnace Company
VS.. The Union Steel Company, the undersigned.
receiver OF said Union Steel Company. VIII. on
WEDNESDAY: June u: lsss; BEGINNING AT
p. NJ.
Sell at public auction 10 the highest and best
bidder, at the door Of the Office OF said company.
on Its premises in Monroe township. Madison
property belonging TO said Union Steel Company
mentioned in said order OF sale.
ing real estate ana nsrsonsI rroosrtr On Msasscn
county. in the State OF Indiana, TO wit:
A part OF the north half OF the northeast quar-
described as follows: Commencing at a point on
the north line OF said section. which Is forty feet
Michigan Railroad right OF way. thence east on
said section line LIZA feet. more or less. 20 the
west line Of Harrison street; in the city Of Alex
son street T11.6S feet. thence west l. 734 feet, more
or less. TO the east line OF said railroad right OF
road right OF way T7.ss feet to the place Of be-
ginning. containing thirty acres, more or less,
upon which described real estate Il situate the
rolling mills. Furnaces. steel mills machinerv.
engines, boilers and fixtures, which, with the ap-
purtenances hereinafter described. compose the
factory and plant or the said Union Steel Com
pany. Also, lot number five 60. in block number
sixty-eight 0&). in the Rolling MIL Land Com
pany's first addition TO the city OF Alexandria. to-
gether with the natural gas well. pump house.
pumps and machinery located thereon. and the
pipes. mains ana rights OF way on Whlsn tns
same are laid. the same being the water supply
station for the rolling mills and manufacturing
plant of said Union Steel Company and belonging
TO and appurtenant TO said manufacturing plant
located on said first described real estate Also.
lot number 7el in the Phillips Land and Gas Com
pany's First addition TO the city Of Alexandria
Also. lot number IS in Thomas V. Sleeth's First
addition 10 the city Of Alexandria. Also. COM
mencing at a point $50 feet east OF the southeast
corner of the southwest quarter OF the southwest
quarter OF section twenty-six C5). township TWEEN
ty-one CD. range seven 90. running thence east
west six 90 rods. thence south SIX 90 rods to the
place Of beginning. containing one-fourth acre
more or less. Also. a tract OF land one hundred
feet square in the northeast corner OF the north
hsf or the northeast quarter OF the southwest
quarter OF section .. township q north. range 4
east; also. commencing at the northeast corner
OF the southeast quarter OF the southeast quarter
OF section q. township q north. range Z east. run
ming thence west l61 feet. thence south 1a5 feet.
thence east 16l feet. thence north 15 feet to the
place Of beginning. Upon each OF which i've
tracts OF land last described is located AID sit
uate a gas well
Also. the leasehold interest acquired by said
Union Steel Company under and pursuant 10 a
certain lease executed by Shadrack Ferguson and
Mary Ferguson. his wife. dated March 10. 1895.
in and TO the land described as follows. 20 wit. A
OF the east half Of the northeast quarter OF sec
ton sc. township 81 north, range Z east. lSaid
tract to join the one-fourth acre conveyed by said
Ferguson and wife to one Charles T.. Henry and
lying Immediately east OF said one-fourth acre on
the south line OF the county road. upon which
leasehold estate is situate a gas well belonging To
said Union Steel Company. together with all the
mains. pipes. regulators. fixtures and rights or
way. By means Of which said gas wells are con-
nected with and used in the operation Of said
mills and factory All OF said real estate. gas
wells, mains. pipes. fixtures and rights Of way
being appurtenant to said manufacturing plant.
also. all tools. implements. engines. trolleys.
tracks. switches. carriages. drays and other We
movable OF any and every description used In and
forming a part OF said manufacturing plant in
Guiding all uninstalled machinery. all OF said
property to be offered and sold as a whole by said
receiver.
Said receiver will next offer and sell all the
raw material. material in process OF manufac-
ture, finished product. supplies and any and every
article of merchandise in his hands at the the
Of making such sale not belonging to or being a
part OF said manufacturing plant in bulk and as
said receiver will next offer and sell the follow
ing stocks in his hands as such receiver. to wit:
Fourteen hundred eighty-hve Il. $3.50 shares Of the
capital stock $500 each) OF the Madison County
Belt Railway Company: Two hundred shares OF
the capital stock 600 each) of the Home Land
and Improvement Company.
said receiver will next oner and sell a certain
pany under and pursuant TO a lease and contract
executed by the Valley Steel Company. a corpora
ton, to said Union Steel Company for the land
and property therein described. situate in tbe
county OF St. Clair. State Of Illinois. and known
as the Valley Mil: said lease being dated Jan.
on the records in the recorders office of ST. Clair
county. Illinois. and being for the term OF thirty
800 years from the date thereof.
Said receiver will next offer and sell lots num-
hered nineteen 1s,. twenty 600. twenty-one CID:
Unity t@t II nlItt-ON OH W lnt CtdT Lt1l
Company's First addition to the town. now city OF
Alexandria. Madison county. Indiana
r OF SALE.
The property composing the manufacturing plant
OF said company. as above described. VIII be sold
for one-thIrd cash. one-fhird in six months and
one-third in twelve months from day OF sale.
purchase to give notes Tor deferred psgm sso,s
date and attorneys fees and secured By q mort
gage upon the property so sold: or for cash At the
election OF such purchaser. All other property 10
be sold for cash in hand.
Purchasers at said sale. before their bids shalt
be accepted by said receiver. shall deposit with
| said receiver. as one OF the conditions Of accept
ing their bids, a sum equal to 10 per cent OF the
amount bid by them. respectively. which sum
shall be in cash, or by certified check or bank
era draft. payable TO the order OF said receiver,
and which sum or sums 50 Deposited shall be APP
| FOR the purchase OF the property 20 offered and
sold when such payment Is made in accordance
with the terms OF such sale. and upon failure 10
| make such deposit said property shall Immediately
be reorered for sale in like manner as before.
| and IL such purchaser. after having made such de-
further terms OF the sale the sum or sums so de-
/ posted shall be forfeited TO said receiver ana
| shall be deemed and held as liquidated damages
| pliance with the terms Of such sale shall be re-
quired Of each and every purchaser Immediately
upon the adjournment OF such sale. The property
hereby ordered 10 be sold will be sold free and
clear Of all liens and membranes.
The report OF the appraisement as TO the real
estate and manufacturing plant and the appur-
tenances thereunto belonging and the appraisal OF
the lots In the sald Stdr Lana company . ffftt
addition to the town now city OF Alexandria.
said stocks I'm said Belt Railway Company and the
Home Land and Improvement Company and said
leasehold estate in the property OF the Valley
Steel Company. situate In said county OF st.
clair. Illinois. Is now on file In the Office OF the
clerk OF the Madison Circuit Court. ut Anderson.
| Indiana, and the report Of the appraisement OF
the raw material. material In process ef manu-
facture. finished product. supplies and any and all
articles OF merchandise then In said receiver =
| hands will be filed on the 18th day OF June. 1899.
Said receiver will make due report of said sale
20 the court within Eve days after said sale 10
had for the action of the court thereon
THOMAS r. AKIN. Receiver.
Lovett & Holloway, Attorneys.