The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-10

STATE OF MINNESOTA, COUNTY or
cial District
In the Matter of the Assignment Of VIII
liam Dawson, InsoIvent
The petition of the assignee of said In
solvent and the order to show cause why
sald assignee should not be authorized
ana directed to sell the remaining rea.
property OF said insOlvent at public auc-
ton, came duly on to be heard at a Sus-
cfal term on the 18th day If JANUARY
ITZ and after a full hearing and consid-
Grafton of said matter, the Court hereby
orders:
l. That ali the remaining real property
OF said insolvent estate be offered for
sale at public vendue to the highest bid
der therefor. for cash. at The AuditOri-
u1n, in the City Of St Paul, in said Coun-
", on tuesday, April Is, 1902 at 10
O'Clock a. m, and that said sale be con-
tInued from day to day until completed
PfOFlded, however, that if in the judg-
ment OF the assignee an adjournment OF
SaId sale Tor longer time than one day
is advisable, he may make such adjourn
nent or adjOurnments and to the same
or a different place, by making public
announcement thereof at the place where
said sale is being carried on at the time.
z. On the said 18th day of April, 1902.
Immediately before the commencement OF
the sale of said real property, the said as
sIgnee shall also offer for sale in like
manner all the then remaining personal
property claims and demands. belonging
to said insolvent estate in such separate
parcels as he may deem proper
auctiOneer or such other assistants in
conducting said sale as In his judgment
is necessary and proper.
4. That in making said sales Of real
property the assignee may offer the same
| Tor sale, either in parcels as arranged In
| the schedule Of property filed with his
/ said petition, or In such other or differ
! ent parcels as IN his judgment viii be
/ most advantageous and convenient.
| Provided, however. that parcels num-
| bered 1856 to It's inclusive, being the prop
| erty known as Phalen Park Addition in
| said schedule shall be first offered for
| sale as one parcel, and, provided further,
| that parcels 1Sf and 240 in said schedules
| shall be first offered for sale as one par
/ eel. unless prior to the time said par
| GELS 1874 and $40 shall be reached in the
order OF sale the assignee shall be re
| quested by intending purchaser or pur-
| chasers to offer for sale separately either
/ Of said parcels or some specified portion
| or portions of either Of said tracts IN
| which case the assignee shall cause such
| parcel or parcels. or such portion or pOr-
! tons SO designated to be offered for sale
! separately, but II no bids satisfactory to
| the assignee shall be made for such por-
/ ton or portions then the assignee shall
! cause such parcels 184 and 240 to be Of
| fered for sale in one parcel as aforesaid
i s. That all bidders whose bids shall be
| accepted by the assignee at such sale
! snail be required at the time to pay to
! the assignee IN cash, an amount equal TO
| 10 per cent of their respective bids. Said
amount to be credited upon the purchase
price if such bids shall be confirmed bur
| 10 be forfeited to the estate in case such
| bidder shall fail or refuse to complete
his purchase after confirmation in ac-
cordance with the terms Of said sale
provided, however, that where bids made
by creditors Of said estate whose claims
nave been duly proved and allowed in
this proceeding. shall be accented blythe.
! assignee at such sale, said cash deposit
may be waived by the assignee to the
| extent of per cent Of the claim Of
such creditor as allowed in this proceed
| ing.
6. All the real property sold by the as
Slgnee at public sale shall be with good
and marketable title subject only to such
defects or tax or other liens or encurn-
brances, as may be specified in the adj
| Vertisement of said sale. or publicly an
said sale.
Z. That every bidder whose bid shall
De accepted at Sucn sale shall be fur
nished with an abstract of title within
fifteen days after said sale, and I'm case
Of the confirmation of the bid the sue
cessful bidder shall be allowed twenty
days from the date Of said confirmation
to complete his said purchase and 10
make payment TO the assignee of the
balance OF the purchase price. In case
the title to any parcel Of land so sold
shall be found to be Unmarketable and
cannot be made marketable within the
time herein allowed Tor the completion of
the sale, the abstract Of title thereto
shall be returned to the assignee and the
amount Of said bidders cash deposit
shall be returned to him and his voucher
taken therefor.
s. Said assignee shall cause said sale Il
be advertised by publishing a copy OF
this order in at least three daily news
! papers, published in the City Of ST. Paul
once each week during the month Of
/ March, 1902. and during the two weeks jan
, April preceding the day Of said sale also
! by mailing a copy Of this order 10 each
Of the creditors Of said insolveut whose
claims have been allowed in this pro
ceeding, and their attorneys Of record
herein, no later than January 10Th. 1862
The assignee is hereby authorized and
empowered to give such other and fur
Their publicity to said sale by advertise
ment and public announcements as he
may deem suitable and proper. lie shall
also cause TO be delivered to All sail
credltOrs ana all otner persons intending
to attend al said sale who may apply
therefor, a copy Of the printed list OF sail
property as contained in the schedule
filed with his said petition.
y. 1t Is further ordered that said as
| Signee shall make a full report to this
Court at a Special term thereof, to be
held on Saturday, May Bird, 1902 at 10
clock a. m, showing all accepted bids
received at said sale. the name ~ the
purchaser, the amount Of the bids and
thereupon the Court will hear applica-
tons for confirmation thereof and obiec-
tons thereto. II shall not be necessary
Tor the assignee to give any other or
further notice Of the making Of said re-
port. 1t IS further ordered that at the
same time and place, the said assignee
shan make report to this Court show
hands as such assignee, the amount ex-
| pected to be realized from the receipts Of
| said sale the amount Of the expenses IN
| cident to said sale, as near they can be
! ascertained, and the probable amount Of
! all other expenses to be incurred in the
course Of his administration Of said es-
tate and all other Information likely to
assist in arriving at a reasonable esti-
mate as to the dividend which Will final
ly be paid to creditors in this proceeding
and upon the hearing of said report the
| assignee may apply TO the Court for an
/ order authorizing him to declare and paw
such partial dividend to creditors as may
be proper under the circumstances. In
case such dividend shall be authorized
the assignee may at the same time and
place apply to the Court for an Order au-
creditors whose bids have been accepted
and confirmed, by treating and accepting
as cash toward the payment Of the Dur-
chase price Of such bids. such portion Of
the amount Of such creditors dividend as
he may desire to apply upon the purchase
/ price Of his bid upon receiving a proper
voucher from said creditor acknowledge
ing payment Of the amount Of said divf-
dend. so applied in payment of his said
| purchase price.
! shall interfere with the authority or dis
erection Of the assignee in making private
sales Of any Of the property of said es-
| tate, prior to the time Of said public sale.
/ St Paul, MINI. January IA, 1902.
| OLIN =. LEWIS.
District Judge.
| Ceuntryrnan 6, Morrison,
! Attorneys for Assignee:
Coz New York Life Bldg,
ST. Paul, Mimi.
Mar. G-13-20-27-Apr. 80
| c,~rA,rEr or MINNESOTA COUNTY OF