The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-02
TITLE WANT ADS
Z bring big results.

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was paid In cash. The safe win be mads
on the express condition that the purchaser
snai' assume all the liabilities 81 the said
Blake Dupree, the receiver Including pend.
lug damage suits on causes OF action oC.
curing since his appointment as receiver.
excepting the obligations OF the receiver
which are provided FOR IN the decree OF
March 80, 400. which obligations SO PRO
Nided for which are not tb be assumed
ee;o tns az, purchaser. are said arst issue Of
SlIuVN1 OF receivers certificates the sum
ot SS4I1o due the United Electric Scout.
YES company and the sum of $50. 2tS. IS
Que the General Electric Company and the
purchaser must assume aud carry out a
contract made by the receiver With the
Western Union Telegraph Company dated
February :, 1900.
Among the obligations Of the receiver
SO 10 be assumed aud satisfied by the pur-
chaser In addition to the amount bid by
MIN az the sale. are q second series OF
tercst thereon at the rate OF elrh, iN per
cent per Nnnum from November 10 1900.
tho sum OF S2OO1S.6d due by the receiver 10
the united Electric Securities Company,
Win Interest thereon az the rate Of si1 ,d)
per cent per nnuum from April /. 1900. the
sum OF St2,HSo.A4 due by the receiver to
the General Electric Company. with inter
est on SlD,HHi. ii thereof at the rate OF six
W' per cent per annnm from April !, 1900.
and with interest on S3T.750.SS thereof AZ
t tc rate OF six ,t6l per cent per snnum
from September I, 1901, and with Interest
on SS,19O.T1 thereof at the rate Of six ,a
per cent per annum from and after Janu-
airy J. lfN2; the current liabilities Of the re.
cciver ~ operating the plant which. how
ever It Is believed, will be about Offset by
ihc available current assets mot Including
the amounts due and to become due from
he city or Houstou) Of the receiver, which
the purchaser VIII be entitled 90, and all
damage suits and claims pending against
the receive at the time Of tho delivery OF
the property TO the purchaser, the suits
now pending all being In the district court
OF HATTIE comfy hN tho fnllnWlfu
parties. j. Tamborella, william Murray,
W. W. Slmonton, Gussle Slmontou, Henry
q Alexander, Henry G. Black, Bculah
chaser will be entitled to the benc0t OF
the Indemnity insurance held by the re-
ceiver which, Il Is believed. will protect
against liability in these suits. An taxes
60 aud including 1900 have been paid; the
purchaser VIII assume the taxes for 1901
and thereafter,
To recover s4344a. so Of tho amount due
Ing by the receiver in the circuit court OF
the United States at Galveston. aud the
purchaser win have the right at his ex-
pense. TO cause said suit TO be prosecuted
by the receiver to u termination, or TO
be substituted as party plaintiff
The court reserves the right on failure
OF compliance With any Of the conditions
of such sale 10 retakc and resell the prop
erty, aud also reserves the right ia re.
qulre the purchaser, before the delivery
OF the property TO him, 10 pay the amounts
TO he assumed by the purchaser. In addition
TO the amount, of his bid as above specified
and all other demands against the receiver
which are TO be assumed hy the purchaser
rs above stated, the amount whereof may
be then asccrtnlncd.
Upon confirmation Of the sale and com.
pliNuce with the terms thereof by the
purchaser a proper deed az couycvanca
will be executed by the undersigned, Joined
by the Massachusetts Loan and Trust Com.
pRny as trustee without any guarantee or
warranty Of title whatever Reference Is
fn nhNNN sHV 40 4
for further particulars aud Tor more Bne.
cihc description OF the property 70 be sold
and the terms OF the sale
JOHN GRANT.
Snerlnl MANLnr Nhnri sRlnner.