The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-10-28
PUMA SALE
IS DECREEO
To Be Advertised Here,
San Francisco and
New York.

A decree of foreclosure and sale rel
alive to the property of the Puma Sugar
Company, Ltd, signed by J. T. De Bolt.
First Judge of the Circuit Court of the
First Judicial Circuit, was fled yes
terday.
No date is decreed, but the sale is
to be advertised not less than three
times a. week for ninety days in three
newspapers, one published in Homo
lulu, one in San Francisco and one in
New York City. The sale is to be made
by the receiver, William Pfotenhauer,
who may employ an auctioneer, and the
place of sale is to be at the front door
of the judiciary building in Honolulu.
The purchaser, at the fall of the ham,
mer, shall deposit with the receiver ten
per cent of the amount of the bid, in
cash or certified check approved by the
receiver, and the balance must be paid
within ten days after sale. If the pur-
chaser shall fail to complete payment,
his ten per cent deposit shall be for
feited as a penalty for non-perform-
ance, and in the same case the re-
ceiver may, with or without further
application to the court, again adver-
tise the property for sale and sell it
on the terms and conditions of the de-
cree.
The proceeds Of the sale shall be APP
piled in the following manner: First,
to the receivers certificates issued un-
der the order of the court of August
costs OF sale, allowances and disburse-
ments of the receiver, such reasonable
compensation as the court may allow
to the receiver and his counsel and to
the costs and expenses of the plain
tiffs. Third, to the payment to Bishop
& Co., trustees, of not to exceed $3.50
expended by them under the deed OF
trust, together with a reaSona BILE at
torney's fee for their counsel Fourth,
pro rata to the holders of the bonds
of said Puma Sugar Company, Limited,
in proportion to the amounts of the
several bonds and interest bearing
coupons attached thereto, whether the
said coupons are now due or fall due
before the confirmation of said sale, in
Guiding the bonds and coupons held by
the plaintiffs and excluding the bonds
deposited with the Bank Of California
by the Puma Sugar Co. Fifth, the bal
ance, if any, to the Puma Sugar Com
pany, Limited.
1t is ordered that the property de-
creed to be sold shall be sold freed
from all mortgages, liens and charges
of every kind and description, and the
Puma Sugar Co, Ltd, Olaa Sugar Co,
Ltd, ard B. F. Dillingham; & Co, Ltd,
and all persons claiming under them
are forever barred and foreclosed of
and from all lien upon, or right, title,
interest, claim or equity of redemption
in or to the property.
The receiver is retained in that office
until his accounts, including his COM
pensation, be fully paid and discharged.
1t is ordered that the Puma Sugar Co.
and Bishop & Co. cause the 100000 of
the bonds OF the Puma Sugar Co. here
tofore deposited in trust with the Bank
of California to be delivered up and
cancelled without participation in the
proceeds of the sale of the property de-
creed to be sold.
The fee simple lands to be sold COM
prise more than 5000 acres, besides
which there are some thousands of
acres of leasehold, together with build
ings, live stock, railway, machinery,
tools, ETC., included in the sale.
The suit in which the decree is made
is entitled: First National Bank of
Hawaii at Honolulu, a. corporation H
Hackfeld & Co, Ltd, a corporation; M.
P. Robinson, II. NJ. Won Holt, trus-
tee for w. S. Chambre, and A. Ahrens,
plaintiffs, VS.. Puma Sugar Co, Ltd, a
corporations; S. NJ. Damon ct al, CO.
partners doing business under the firm
name of Bishop & Co.; Olaa Sugar Co.,
Ltd, and B. F. Dillingham; & Co., Ltd,
defendants
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