Arizona republican., 1906-03-08


 tified check upon a national bank or upon any trust company in the City of New York, or fifty thousand dollars CS5O, ,OO0) face value of the bonds se- cured by the first mortgage or deed Of trust, Of January 1, 1859, O, sa q de fendant Arizona Water company to the complainant. He will accept no bid for the property l hereinabove fully described and designated in thc aforesaid decrees as Parcel Three" so to be offered for sale from any bidder for d sum less than twenty five thousand dollars ($25 0OO) or from any bidder who shall not place in his hands and deposit with him, at the time of making his bid, the sum of ten thousand dollars in money, or a certified check upon any national bank or upon any trust com pany in the Cit- of New York or twenty thousend dollars C$25,000) | face value of the bonds secured by said first mortgage or deed of trust of Jan uary I. 1899. of said defendant Arizona Water company to the complainant. He will accept no b.d for the property hereinabOve fully describe1 and des- | ignated in the aforesaid decrees as Y Parcel Four" so to be offered for sale from any bidder for a sum less than ten thousand dollars ($1005O). or from any bidder who shall not place in his hands and deposit with him, at the time of making bis bid the sum of five thousand dollars CS5OOO) in money or certified check upon any national bank or upCn any trust company of the City of New York or ten thousanI col lars ($1O,O0O) face value of the bonds secured by said first mortgage or deed of trust of January 1,lS99, Of said de fendant Arizona Water company 10 the complainant as aforesaid. The certifi- cate of any trust company in the city of New York. including the complain ant in this suit, that it holds bonds as therein described secured by said first mortgage or deed Of trust of Jan uary l, 1899, subject to the order of the party named and transferred to the special master will be received Dy the srecial master and accepted in leu of the bonds specified in said certificate as a deposit at the time of sale and on account of the payment of the pur- chase price Of the bid, with like force and effect as though the bonds therein named had been delivered to the spec ial master.
 Of the price for which sad Ir-peIty. etc. above described as Parcel Two" shall be sold. there shall be paid in cash at the time of sale the said sum
 
 C$25.0OO which shall ba received as part of the purchase price or there shall be derOsited with the spec master as above. stated fifty thousand dollars C$5OO00) par or face value of the bonds secured by the said first mort gage or deed of trus-. Of January 1. 1899 of said Arizona Water company to complainant.
 Of the price for which the ga prop erty. etc, above describei as "Parcel Three" shall be sold there shall be raid in cash at the time of the sale. the said sum of ten thousand dollars (S10 0O0) which shall be received as part of the purchase price or there shall be de~osited with the special ma ster as above stated twenty-five thousand dol'qrs (S25.000) par or face value or the bonds described b. sad first mort gaze or deed of trus of January 1. 1899. Of said Arizona Water company. to complainant.
 Of the price for which the property. etc. above described as Parcel Four shall be sold. there shall be paid in cash at the time of said sale the said sum of five thousand dollars (S5,G0O) which shall ba received as part of the purchase price or there shall be depos- tied wish the special master as above stated ten thousand dollars (S1O.O0O) par or face value of the bonds secured by said first mortgage or deed of trust of January l. 1899, of said Arizona ? Water company to complainant The balance Of the purchase price of the aforesaid properties fully above de- scribed as Parcels Two. Three. and Four not required to be paid in cash at the time of the bid may be paid in cash or the purchaser may satisfy .4rnh 1al l-s r q in whole or in pat by turning in, to be canceled or credited as hereinafter provided. outstanding bonds and over due coupons appertaining thereto se- P cured by said first mortgage or deed Of trust, of January l. 1899, of the de- fendant Arizona Water company to the complainant said bonds and cou- pons being received 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 purchase price was paid in cash. All such bonds and coupons as may be used to meet any such payment snan be surrender ed to the Special Master and canceled , IT the whole amount due thereon is applied to the purchase price. but if :. less than the whole amount be so ap- piled then the amount so applied shall be stamped or written upon sucl bonds and coupons which shall then be returned to the bidder
 If any bid shall be accepted by the court and the person making the same shall fail to comply with all the con dltions of sale and all orders of the said court in respect thereto the sum deposited by the holder shall be for feited and shall be applied as the said court may direct.
 ; The said court has reserved the , right to reject any bid and to resell the said property or properties upon , the failure of any purchaser within | five days to comply with any order l of the said court regarding payment The said decree provides that the purchaser or purchasers of said prop erty or properties above fully ? described therein decreed to be