The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-03


pssh onerea Tor sale and the HIGHEST bids received
thsretor noted by the undersigned as Special Ms
ser' Will then Immediately offer the said parcels
TOT sale together entirety No bid Will Ue
received for the said property When offered
entirety IN one lot or parcel from anyone Offering
10 DID therefor who shall not Iefore the time u
sale. deposit with me. a pledge that he will
maze good his bid in OF acceptance. the
OF sSoo. 600 In money or by certified check upon
any national bank trust company in the City Of
new YORK. or 900 par value Of the bonds
fTrs, sy the said First mortgage or deed Il
II the highest bid for all such property when
o,iesea together as q single lot parcel shall
exceed IT, aggregate Of the said highest bids re-
ee!veu ano noted for said property when offered
separate parcels aforesaid then all of suca
properly shaH be struck OF and sold together as
q single lot or parcel to the person making the
nlghest bid therefor: but If the highest bid
celved for such property when offered together a.
q sinsIe 10Y or parcel shall not exceed the eggre-
gate sum of the several highest bids received ard
noted for such property when offered in separate
lots or parcels as Aforesaid then several
separate lots offered for sale shall be struck Of
and sold to the bidders who made the highest bids
| therefor respectively.
| Upon the acceptance OF any bid either for the
separate parcels offered for sale. the premises
property and franchises offered as an entirety
!V'e striking dowE to the purchaser purchasers
the premises property and franchises 50 offered
lor sale: the purchaser purchasers thereof shall
| pay to the undersigned as Special Master ten per
CENT OF the amount Of the purchase price bid by
MIN. either IN money or by certified check upon
Oh New YORK OF thirty per cent. thereof in the
par value OF the bonds secured by said mortgage
OF oeeo OF trust OF May :. 1899. The deposit
ceived from each and every successful bidder
shall be retained BY the Special Master and ap-
pied by him on account Of the percentage OF tho
| certified check bonds by such successtul bidder
| or bidders The deposit received from any
cessful bidder shall be returned to him when the
property shall be stricken down.
In case any bidder purchaser shall fail 10
make make good his bid upon its acceptance by the
! ceptsnce shall fall to comply with any order Of
court relating to the payment thereof the
cash bonds deposited by such purchaser or pu--
chasers shall be forfeited penalty for such
failure and shall be applied to the expense Of
tho resale, and toward making good any def
! cheney or loss in case the property shall be sold
at rTics less than tina, brought at the former
which deposit shall have teen made such de-
post shall be returned to the bidder. The
trustee or any holder or holders of any of the
SAID bonds or any party to the said suits. may
bid and purchase At any such sale Upon con-
drmaton OF any sale by the court the purchaser
shall make such further payment or payments
In cash on account Of his bid as the court from
parcel may satisfy and make good any part Of
his bid not required to be paid In cash by turn
sad boe. or or as nn IN
the proceeds Of sale upon the distribution thereof
and such purchaser shall be credited therefor on
account of his bid with such sums as would be
payable on such bonds and coupons out Of tho
purchase price. II the whole amount thereof had
been paid in cash. The court reserves the right
to resell any parcel Of the property upon such
notice as the court shall direct in case the pur-
chaser thereof shall fail or omit to make any
payment account Of any unpaid balance of the
purchase price within thirty days aftcr the entry
of an order requiring such payment The pur-
chaser Of the parcel second above described and
numbered (2) shall as a part OF the considera-
ton and in addition to the sum bid for such
parcel. take the same and receive the deed there
for upon the express condition that he shall pay,
satisfy and discharge the amount of the lien
of the Barnett & Record Company under
and by virtue of certain mechanics liens II
such liens shall be adjudged prior to this mort
gage by the Circuit Court OF the United States
for the District OF Minnesota In the said. action
therein pending between the Central Trust Com
pany OF New York complainant and the United
States Flour Milling Company, the said Barnett &
Record Company and Others as defendants. and
sale Of the said mortgaged premises in priority
to tie amount due upon the bonds and coupons
secured by said mortgage of May l. 1899; and
the court reserves the right to retake and resell
the said parcel in the event OF failure OF ths
purchasers to comply with such conditions
For further particulars. and for specific de-
scrtption Of the property to be Sold reference
Is hereby made to the said DEGREES file with
the Clerks of the courts above mentioned. Copies
Of said DEGREES may be pom due applca-
ton at the once Of either the undersigned Special
Master or solicitors.
Dated, December 24th 1901
JOSEPH CROSS,
Special Master.
BUTLER. HOFFMAN. JoL1NE & MYNDERsE.
"a Wall Street, Manhattan,
New York City, N. T.;
L1NDABuRY, DEPuE & FAULKs.
TIC Broad Street,
Newark, N j.;
MILLER, MOVES MILLER WAHL.
1o2 Wisconsin Street,
Milwaukee, Via;
KELLOGG & SEVERANCE.
Merchants National Bank Building,
Solicitors and of Counsel for complsiaa.s Central
Trust Company of New York.