The Montgomery advertiser., 1906-01-11
Rsce;vers' Saie.
Charles E. Kimbail ct al
 V. Allen Fleming.

| IN LQOll !.
 Under and by virtue of q decree Of sale issued by the Honorable A. D: sayre. Judge of the city Court oi cause on the third day of November. 1905. the undersigned, William c. Lov- ering and r z. Hamills receivers % of the will. on the 12th day of February. 1906. proceed to sell at the court-house GoOf inc or citS MSneomeTy of Montsoery AaSama within the legal hours of sale, all the right. title and interest of tho Alabama following described property, towit:
 Four complete ginneries, including buildings and ground. located at De- | Courtland, Alabama. and Tuscaloosa, Alabama each gin being equipped with the necessary machinery and supplies, such as boilers. engines. gin stands. cotton presses. and all other necessary equipments. used in connection with
 Thirty-t (33) double round bale l cotton presses. complete, with condens- CTS and batformers, and all the nec- for operation in connection with gin plant. Said presses are located at the fSll9%sg snsoS oasss o%ar tulmaa
 Dadeville. Deatsvilie, Dothan. Eutaw.
 Evergreen; Florence. Fort Deposis'
 fIuntsvilie, Letohatchie. Luverne. Mont
 Red Level. sledses. snow IIiii, spTagus
 Springs. in the State of Alabama:
 | All office furniture and fixtures Of
 Sissp rascks G anS other e'nan nscessary a oco
 bies. typewriters. carpets. etc. Said
 Commerce street. Montgomery. Ala
 The entire stock of repairs and sup
 plies on hand. used in repairing the
 round bale cotton presses. said sup
 plies located at No. 21s Bibb street.
 MSntgoTsry AsSsma; aoa1sa siso' stoc5 pt
 Alabama, for the same purpose:
 Also all other property of every kind | whatsoever, real. personal or mixed,
 including notes. accounts. bills receiva-
 ble, and unearned insurance premiums.
 and all other rights and choses in action
 may be in the nossessfon or under the
 control of tho receivers, or which may
 De held by others under lease from I them, said sale to be and include all | the property, real, personal or mixed.
 of the Alabama Cotton Products Com-
 pany of Alabama in the hands of the ] company. whether actually In the pos
 session of the undersigned. or held | by others under lease from them, this
 sale being made subject to existing | leases.
 Said property, will be sold in bulk.
 by the said receivers to any part or
 said property, real or personal, the
 erty ers Succeeding I by virtue U of said safe, | If conffrmed, to the rights of the Alabama Cotton Products Company, and e of the undersigned receivers as lessors
 of said property, and shall be entitled
 to receive and collect all and singular
 the rents and royalties which may pc,
 sale under the leases herinabove men
 toned.
 It is further provided in said de-
 cree, and notice is hereby given, that
 no bid shall be received or considered
 by the receivers at said sale Of any
 before making his bid. deposit with the
 receivers the sum of five thousand
 s5,oo0l dollars in cash; or . 1,sdS cheek For n,,
 s responsible bank, the solvency or which shall be satisfactory to the re-
 eSle to tSe rS rscsivers % s snd held by them
 bidder will comply with the terms of
 sade bd if ana se PaSy PsSaiI h Sa the sacessstI bIa der at said sake: and fin the event that
 any person making such deposit 1 l1 | herein, should not become the purcha- 1 ser at said sale, or if his bid is reject ed. then the sum go deposited % si e1ther h m ,n . the receivers immediately returned to
 such bidder. The deposit of the hid- ;, the sale Is confirmed by the court. be n applied as a credit in his fayor on ths . purchase price.
 8 of sale aforesaid. that the purchaser - at any sale hereunder shall. upon con-
 irmation of the sale pay,,,o pay to the s sa,a sha .s five thousand dollars previously depos- . tied by him. the further sum of ten I thousand l$1o.oqooo) collars in cash e It is further provided in said decree. t that upon the confirmation Of said sale
 the purchaser or purchasers shall exc - cute to the said receivers his or their ,s promissory note, payable to the receiv- r CTS, at six months after date, bearing l Int at fha of six (b ner Cent1 ' per cent. per annum. for the balance Of e the purchase price and that the pos '- on the confirmation of said sale, Be IT delivered by the said receivers to tho '- said successful bidder or purchaser at x said sale but that no title to said prop x ertv shali pass to the said purchaser until the full payment of the purchase
 money shall have been made, ana the | same shall have been reported to tho z court and an order and decree made . and entered directing tho said receiv- .e CTS to execute conveyance to the said Is it it further provided in said decree Ie that In payment of the said note the " purchaser may turn in and surrender Is claims proven and allowed against said ' corporation at the amount which tne T. T, purchaser would be entitled 10 receive v was paid in cash.
 le 1t is further provided in said decree. s- in the event that the purchaser or said ,r property at said sale should fail to pay sr the full amount of his Did m acccra- Is ance with the terms or said oeGrees the ot court may, by proper order and decree.
 direct the said receivers to resell the T. property for the payment of the bal S- ance due thereon, after applying such It amount as may have been paid by the c, said purchaser on account Of said pur- 10 fts9s further provided in said deeree le that the purchaser may have the right 70 I 10 pay the balance of the purchase 'r price either upon the continuation or
 said sale or at any time before the Is maturity of said note which may be Ie taken for the deferred payment if he
 shall elect to do so and In the event
 of his election to pay said note, given
 for the purchase money. before It's
 maturity, interest shall accrue only up # to the time of it's payment.
 n It Is further provided in said decree, Id that the power of sale conferred with
 this decree upon the said receivers
 may be exercised by the said receivers |. either jointly or severallv. or by agent or attorney designated I-nd appointed V by them in writing so to doe and that \ said sale may be adjourned from time 10 time by announcement made at the N time and place for which the same
 has been advertised and to which it
 may have been adjourned. and that the fl sale may be had on any such adjourned
 date without the expense and delay of II re-advertisiug.
 It is further provided in said decree, N that upon the confirmation of said sale, Fl the said receivers shall execute and de- N liver to said purchaser certificate ot