The San Francisco call., 1904-09-16
roRrcLosuRE sA1E.

4 FORECLOSURE SA16-
place in his hands or deposit W tn him at
the time of making the bid as Il pc 3
that such bidder will make goot ne 3D. p u
If accepted by the court, the sum OF SlO0,-
900 in money or certified check up~n ady
national bank, or upon any trust com
face value of the bonds secured by said
mortgage of the United States ShipDUild-
ing Company to The Mercantile Trust
Company, or, in case said mortgage Shall
have been previously satisfied, $l50O0O face
value of the bonds secured by said mort
gage of the United States Shipbuildmg
Company to the New York Security and
Trust Company.
The special master will next offer for
that portion Of the mortgaged personal
property hereinabove described as the
SECOND PARCEL In making such sale
the said special master Will, pursuant to
the directions Of said DEGREES, accept no
bid for the property so 10 be offered for
sale from any bidder for sum less than
$500 600, nor from any bidder who shall not
place in his hands or deposit with him at
the time Of making the bid as a pledge
if accepted by the court, the sum Of S6O,OO0
in money or certified check upon any ma
tional bank, or upon any trust company
in the city of New York.
The certificate of any trust company in
the city of New York that it holds bonds
as therein described secured by either Of
the said mortgages of the United States
Shipbuilding Company, subject to the or
der of the party named. and transferred
said special master and accepted in lieu
of the bonds specified in said certificate as
deposit at the time Of sale and on ac-
count of the payment Of the purchase
though the bonds therein named had
been delivered to such special master:
OF the price for which said respective
parcels of property shall be sold, there
shall be paid in cash at the time OF sale,
the cash deposits hereinbefore required,
which shall be received as a part of the
alSO reSDaCt
each of the said parcels OF property, thero
shall be paid IN cash, at the same time.
and from time to time thereafter, sucn
further portions OF the purchase price or
said properties as the court may direct;
and the court has reserved the right upon
the confirmation of the sale OF the said
parcels Of property, or either Of them, to
charge the properties sold. or any part
thereof, with a lien to secure any sucn
further payment of cash in an amount
then to be fixed by the court or to require
bond in lieu Of any such lien. The bal-
of the said parcels Of property, not
required to be paid in cash or secured BY
lien or bond as aforesaid, may be paid IN
cash. or the purchaser may satisfy ana
make good the balance of his bid, in whole
or in part, by turning in to be cancelled
or credited as hereinafter provided, out
standing bonds and overdue coupons ap-
pertaining thereto secured by said mort
gage of the United States ShlpbuildIng
Company to The Mercantile Trust Com
pany, said bonds and coupons being re-
| ceived at such price or value as shall be
equivalent to the amount that the holder
or holders thereof would be entitled to
receive thereon in case the entire pur-
chase prices Of all the properties covered
by said mortgage were paid in cash; or In
Shipbuilding Company to The Mercantile
Trust Company shall have been previously
satisfied, said purchaser or purchasers
may. for the same purpose turn In
standing bonds and overdue coupons
appertaining thereto, secured by said
ing Company to the New York Security
and Trust Company, which shall be like
wise received at value likewise COM
puted; but such payment IN bonds Issued
under said mortgage to The Mercantile
Trust Company shall be subject to such
further order Of the court as may be
or priorities of the holders of any OF said
bonds in respect to the distribution of the I
proceeds of the sale Of the premises COW /
cred by the lien OF said mortgage, as in /
said DEGREES provided All such bonds and /
coupons that may be used to make any /
such payment shall be surrendered to the /
special master and cancelled If the whole /
amount due thereon is applied upon the !
purchase price, but if less than the whole {
amount be so applied then the amount 50 I
applied shall be stamped or written upon 4
such bonds and coupons. which shall then /
be returned to the holder.
If any bid shall be accepted by the court I
and the person making the same shall fail !
to comply with all the conditions OF sale
and all orders of the court ir respect
shall be forfeited and shall be applied as
the court may direct.
The court has reserved the right to re-
ject any bid and to resell the u1ortgaged i
premises and property upon the failure of /
any purchaser for five days to comply /
with any order of the court requiring pay
ment.
The said, DEGREES provide that the pur-
chaser or purchasers of the property
therein decreed to be sold shall be invested
with, and shall hold, possess and enjoy
the said mortgaged property thereby de-
creed to be sold, or so much thereof as
may be purchased by him or them respec-
lively, and all rights, privileges and fran
chises pertaining thereto, as fully and
completely as the defendants in said con-
solidated causes or any of them, held and
enjoyed the same at the time of the entry
of such DEGREES or had heretofore held
and enjoyed the same respectively; and,
further, that the said purchaser or pur-
chasers shall be entitled to hold the said
property so sold freed ard discharged of
and from the lien of the mortgages fore
closed in said consolidated causes and
freed and discharged from ell claims OF /
the parties to said suits or any OF them,
and every person represented by or claim /
ing under or through them or any of them |
For further particulars reference Is ]
made to the above mentioned DEGREES of ]
the said Circuit Court of the United States /
for the districts aforesaid, file with the /
clerks of said courts respectively at Tren- |
ton, New Jersey, ard San Francisco. Call
fornia.
Dated August 9Th, 1904
JAMES SMITH, JR.. Special Master,