The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-09-23
roRECLosuEE SALE.

FORECLOSURE SALE.
place in his hands or deposit with him at
the time of making the bid as pie5ss
that such bidder will make good MS Q a.
if accepted by the court, the sum OF S1VO,-
900 in money or certified check upon any
national bank. or upon any trust COM ON
pany in the city of New York, or Sozo,oyg;
face value of the bonds secured ny salo
mortgage of the United States Shipbulld.
ing Company to The Mercantile ITuSI
Company, or, in case said mor.gds66o o sca
have been previously satisfied, $l50,VOo race
value of the bonds secured by SAID mort
gage of the United States ShlpDulldInss
Company to the New York Security ana
Trust Company.
The special master will next offer for
sale, separately and in one parcel, az
that portion of the mortgaged PERSONA
property hereiRa bove described as the
SECOND PARCEL. In making such SAFE
the said special master will, pursuant 10
the directions of said DEGREES, accept no no
bid for the property so to be onered IoH
sale from any bidder for sum less imam
$500, 900, nor from any bidder who shall not
place in his hands or deposit with MIN at
the time of making the bid, as pledge
that such bidder will make good his bio,
II accepted by the court, the sum or SoV'VVV
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
Shipbuildng Company. subject to the or,
to the special master. will be received by
said special master and accepted in lieu
of the bonds specified in said certificate as
a deposit at the time OF sale and on ac-
count of the payment of the purchase
price bid with like force and effect as
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,
-. - l. orr NI hA
purchase price and also, with respect to
each of the said parcels of property, there
shall be paid in cash, at the same tlIne,
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, 70
charge the properties sold, or any part
further payment of cash in an amount
then to be fixed by the court or to require
a bond in lieu Of any such lien. Inc pal
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
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 ShtpbuiId1ng
Company to The Mercantile Trust Com
paLy, Sdl1 DOQQS ana coupons Delu6 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
case said mortgage of the United States
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
mortgage of the United States Shipbuild-
and Trust Company, which shall be like
wise received at a value likewise COM
puted; but such payment in bonds Issued
under said mortgage to The Mercantile
further order Of the court rs may be
necessary to protect any rights, equities
or priorities of the holders Of any OF said
bonds in respect to the distribution of the
proceeds of the sale of the premises COW
cred by the lien of said mortgage, as in
said DEGREES provided. All such bonds and
such payment shall be surrendered to the
special master and cancelled If the whole
amount due thereon is applied upon the
purchase price, but IL less than the whole
amount be so applied then the amount so
applied shall be stamped or written upon
such bonds and coupons, which shall then
be returned to the holder.
If any bid shall be accepted by the court
and the person making the same shall fail
to comply with all the conditions Of sale
and all orders Of the court in respect
thereto, the sum deposited by the bidder
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 mortgaged
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-
soldated 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 Wurchaser 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
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. or file with the
clerks of said courts respectively at Tren-
ton, New Jersey, and San Francisco. Cali.
fornia.
Dated August 9Th. 1904.
JAMES SMITH, JR.. Special Master,
Newark, New Jersey.