The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-11
TITLE WAN - :
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was paid In cash The sale Will be MAD.
~ me express condition that the purchaser
shall assume all the liabilities Or fhe rsid
Blake Dupree the receiver inrludfnr nera-
ing damage suits ON causes of action oc-
sunhg since his appointment as receiver.
excepting the obligations of the refeive-
wN,hieh are provided for in the decree OF
March 10, 1900. which obligations a. mo.
sided for which are not to be assumed
" the purchaser. are said nrxt issue ~
Slao,W0 Of receivers certificates. the ann
ot SS5;s3O due the United Electric Sectiri-
AVS company and the SUM Of s30.2132s
purchaser must assume and carry out 4
Vohtfact made by the receiver with the
Msstern Union Telegraph Company. dated
hthfuary I. 1900.
Among the obligations OF the receiver
! Sc 70 be assumed ana satisfied BY the pur-
ynaser, ~ addition TO the amount bid By
VIEWERS ScT Sfs sse SS sSa5 ssT lS q
| teFest thereon ct the rate Of eight Isl nor
cent per annnn from November n. 1900,
the sum OF S2G,O9S.G0 due by the receiver Il,
the United Electric Securities Comnppv
with interest thereon az the rate Of sir ttl
per cent per almum from April l. 1900, the
sum sun 81, ot Su3eS9,4 ~ due by the receiver to
the General Electric Company, with Inter-
est on SiN,n04 IA thereof az the rate ~ sIx
S 20, per M, sent per snnum from April /, 1900.
anu VITA interest ON SSf,iJOo3 thereof at
INC rate OF SIX 90 per cent per annun
from September /. 1901, and with interest,"
ON SS,i0o.11 thereof ri the rate Of six i(l
airy ], 1909; the current liabilities Of the re-
ceiNer In operating the plant which. how
ever. II is believed, Will he about offset hy
me available enrrcnt assets mot Including
the city OF HOustnnl of the receiver whlch
INC purchaser VIII be entitled TO- and all
damage suits and claims pending against
The receiver at the time Of the delivery OF
the property 70 the purchaser, the snits
nov, pending all being IN the district court
Of Harris county by the following named
lei II "a ~ 1lu tiutt. AsFva
w. W. Simonton, Gussie Simonton, Henry
g. Alexander Henry c. Black, Beulah
Parker and Oscar II, Ryan, but the pnr.
chaser will he entitled TO the benedt oe
me indemnify Insurance held by the re-
cciyer which, 1t Is believed will protect
against liability In these suits. All taxes
10 ana including 1900 have been paid; the
purchaser VIII assume the taxes for 1901
TO recover $49,443so OF the amount duo
by me city OF Houston 9 suit Is now pend
Ing by the receiver In the circuit court oe
inc United States at Galveston. aud the
purchaser will have the right. at his cx-
pense, 10 cause said suit 70 be prosecuted
hy tlc receiver to a termination, or to
be substituted ms party plaintiff
The court reserves the right on failure
OF compliance with any Of the conditions
of such sale 20 retake ana resell the prop
ertN and also reserves the right 70 re-
quire the purchaser, before the delivery
OF the property TO him. 10 pay the amounts
10 he assumed by The purchaser. In addition
TO the amount 81 his bid as above specified
and all other demands against the receiver
which are Ia be assumed by the purchaser
as above stated the amount whereof may
be then aSccrtaiuCd.
Upon confirmation Of the sale and com
plpnce with tue terms thereof by tho
purchaser proper deed Of conveyance
VIII be executed by the undersigned, joined
by the Massachusetts, Loan and Trust Com
papy as trustee without any guarantee or
warranty OF titlc Whatever. Reference IL
here made to the above mentioned DEGREES
Tor further particulars sud for more spe..
chc description OF the property TO be sold
aud the terms OF the sale
JOHN GRANT,
Special Master Commissioner.