The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-04-28
RECEIVERS ALE OF THE UNION
STEEL COMPANY's PROPERTY.

8l I'll A w MN
STEEL COMPANY'S PROPERTY.
Notice f. hereby given that pursuant tn an
order OF the Madison Circuit Court entered Of
pany We. The Union Steel Company. the under
signed, receiver OF said Union steel Company,
will on Monday. May Is. 1899. beginning at ?
o'clock p. M. 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 county. Indiana. all the real estate and
personal property belonging 10 said Union Steel
Company mentioned I'm said order OF sale.
Said receiver will first offer and sell the follow
ing real estate and personal property in Madison
county. in the state OF Indiana. TO wit:
A part Of the north half OF the northeast quar-
ter Of Section Is. Township 81. north. Range Z.
east. described as follows: Commencing at n
40 feet east OF the center OF the Cincinnati,
Wabash e Michigan Railroad right OF way.
thence east on said section line 1.7S4 feet. more
or less. TO the west line OF Harrison street. In
the city OF Alexandria. thence south on said west
lire or Harrison street 7U-6 feet thence west
LIZA feet, more or less. TO the east line OF said
railroad right OF way. thence north along the
east line OF said railroad right OF way T7.63 feet
10 the place Of beginning. containing thirty acres,
more or less. upon which described real estate
are situate the rolling mills. furnaces. steel mills.
machinery. engines. boilers and fixtures. which.
with the appurtenances hereinafter described
compose the factory and plant OF the said Union
Steei Company. Also lot number 1--WE 90. In block
number sixty-eight (ss). In the Rolling MIL Land
Company's first addition TO the city Ct Alexandria.
together with the natural gas well. pump house,
pumps and machinery located thereon and the
pipes. mains and rights or way on which same are
laid, the same being the water supply station
for the rolling mills and manufacturing plant Of
appurtenant to said manufacturing plant To-
Gated on said first described real estate. Also lot
No. 7s1. in the Phillips Land and Gas Company's
first addition to the city OF Alexandria. Also
lot No. s.. in Thomas b.. Sleeth's first addition
point $50 feet east OF the southeast corner Of the
southwest quarter OF the southwest quarter OF
section twenty-six t2sl. township twenty-one CID
thence north six 90 rods, thence west six 90 rods,
thence south six go rods TO the place Of begin
ming. containing one-fourth acre. more or less
Also q tract OF land one hundred feet square in
the northeast corner OF the north half OF the
northeast quarter OF the southwest quarter OF Sec
tion 2, Township q. north. Range Z, east; also
commencing at the northeast corner of the south
east quarter OF the southeast quarter OF Section
%. Township 21. north. Range :. east. running
thence west i1 feet. thence south 15 feet. thence
east l6l feet. thence north 175 feet to the place OF
beginning. Upon each of which hve tracts OF
land last described Is located and situate a gas
well.
Also the leasehold interest acquired by said
Union Steel Company under and pursuant TO a
certain lease executed by Shadrack Ferguson and
Mary Ferguson. his wife. dated March Il. 1885,
A tract 40 feet square near the ncrthwes- corner
Of the east half of the northeast quarter OF Sec
fion s6. Township p. north. Range Z. east. said
tract TO join the one-fourth acre conveyed by said
Ferguson and wife 10 one Charles l. Henry and
lying Immediately east CO said one-fourth acre
on the south line OF the cclnty road. upon which
leaschoid estate Is situate a gas well belonging
10 said Union steel Company, together with ali
the mains. pipes. regulators. fixtures and rights
OF way. by means OF which said gas wells are
connected 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 10 said manufacturing plant;
also all the tools. implements. engines. trolleys.
tracks. switches. carriages. drays and other We
hicles. rolls. equipments, machinery fixed and
movsn,e . any a Ia uSSosap,,on use 1Ian ~
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 I'm process OF manufacture.
finished product, supplies and any ana every
article Of merchandise in his hands at the time
OF making such sale not belonging 20 CT being a
part OF said manufacturing plant, in bulk and as
a whole.
said receiver will next offer and sell the follow
Ing stocks I'm his hands as such receiver, to wit:
Fourteen hundred eighty-ivc u.4S0 shares OF the
Belt Railway Company two hundred shares OF
-the capital stock GlC0 each) OF the Home Land
and improvement Company.
Said receiver will next offer and sell a certain
leasehold estate held by said Union Steel Com
pany under and pursuant TO a lease and contract
executed BY :he Valley Steel Company. n corpora
ton. TO said Union Steel Company for the land
and property therein described. situate In the
County Of s.. Clair. state 81 Illinois. and known
IS The Valley mill said lease being dated Jan. o.
1896. recorded In book No. "a. on Page 3IS. on the
records In the recorders Office OF ST. Clair county,
Illinois. and being for the term OF thirty 3O
years from the date thereof.
said receiver will next offer and sell lots num-
bered nineteen GS. twenty (@). twenty-One ED,
thirty t30) and thirty-one ,3D. in the star Land
Company's first addition 10 the town. now city.
VI 14tc' NtAhANls A1teAAad
OF SALE.
The property composing the manufacturing
plant OF said company. as above described. Will
Be sold for one-third cash. one-thlrd in six months
and one-third in twelve months from day OF sale,
purchaser 10 give notes for deferred payments
bearing Interest at 8 per cent. per annum from
date and attorneys fees and secured by a mort
gage upon the property SO sold. CT for cash at the
election OF such purchaser. All other property TO
Purchaser an said sale. before their bids shall
he accepted by said receiver. shah deposit with
said receiver. as one Of the conditions OF accent
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 CT bankers
draft. payable to the order OF said receiver. and
which sum or ums so deposited shall he applied
az a credit upon the cash payment required for
the purchase Of the property so offered and sold
when such payment Is made in accordance with
the terms OF such sale. and upon failure 20 make
such deposit said property shall immediately be
reonered for sale IN like manner as before. and
81 such purchaser. after having made such de-
post. shall thereafter fail To comply with the
deposited shall be forfeited 20 said receiver and
shall be deemed and held as liquidated damages
for the default q such purchaser. Full com
plIance with the terms OF such sale shall be re-
qnired OF each and every purchaser Immediately
uron the adjournment OF such sale. The property
hereby ordered 10 b. sold viii he sold free and
clear Of all liens and membranes.
In compliance with said order OF said court an
had and the same VIII be made and the report
thereof nied with the clerk 81 said court as fol-
lows: The report % .He aTpreisement as TO the
real estate and manufacturing plant and the ap-
purtenances thereui.tO belonging and their ap-
frnisal OF the lots In the said star Land Com
pany's first addition 20 the town. now city. OF
Alexandra. said stocks In 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 q st. Clair, Illinois. by the 5h day OF
May. 1853. and the report OF the appraisemcnt OF
the raw material. material In process OF manu-
factrre. finished product. supplies and any and All
articles OF merchandise then In said receiver =
hands on the 18th day OF Aay. 1888. SAID receiver
will make due report Of said sale 10 the court
within i've days after Eatd sale Is had for the
action or the court thereon.
THOMAS r. AKIN. Receiver.
Losett & Holloway. Attornsya.