The Montgomery advertiser., 1906-02-01
Rsceiyers' Sale.
Charles E. KimbalI ct al.

IN EQD1II.
 sale issued ed by by the Honorable A D: Sayre. Judge of the City Court of Montgomery. in the said above emitted 1905. the undersigned, William C. Low ering and F. c. HamilI. receivers or the Alabama .A.al Cotton Product. Gonrsary Gonmpary' 1906. proceed to sell at the court-house door of Montgomery county Alabama, in the city, of Montgomsry, Alapama, ., right. title and interest of the Aiapama Cotton Products Company in and to the following described property. towiI
 Four complete ginnertes. including buildings and ground, located at Dc- mopolis. Alabama. Pike Road Alabama. courtland, Alabama, and Tuseaioosa, 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 the operation of complete gin plant;
 Thirty-three tS3) double. round bale
 aad wla ali sSs nes essary supplies to equip such presses for operation in connection with sin plant Said presses are located ,,,s,s as dl the cnerokee. cianton, Conner. culimar. Dadeyille. Deatsvilie. Dothan. Eutaw. ssssn cty Fsrs Hartpseis sposi Huntsville. LetohatehIe. Luverne, Mont gomery. New Hope. .PrattvIIle. Ramer. Red Level slsdgss; Sno~ alla ana sprsSISs p1ISs Springs. % in the State of Alabama:
 All ofaoe furniture and fixtures of eompany including cotron onsssarp sample oeae sao furniture. such as roller top desks, ta- bIes. typewriters.. carpets. etc. said ofiice furniture being located tss1 at NO, s,a az
 The entire stock of repairs and sup. piles on hand, used in repairing the
 
 plies located at No. 21e Bibb street. Montgomery, Alabama; also. a stock of such supplies located at Huntsville 1 Alabama. for the same purpose;
 l Also all other property of every kinp | whatsoever, real. personal or mixed | ble, and unearned insurance premiums. l and all other rights and chooses In action as we'll as rights in possession. which may be In the nossession or nnasr tnn be held by others under lease rom | them. said sale to be and include all ,bs proPsrsy sea oeg proann,s Or co | pany of Alabama in the hands of the l undersigned, as receivers Of the said session of the undersigned. or held f by others under lease from themr this l .le being made subject to existing | leases.
 l Said property will be sold in bulk. 1 subject to the leases heretofore made ] by the said receivers to any part OF l " 1 purchaser or purchasers of said props f erty succeeding by virtue of said sale, | if confirmed, to the rights of the | Alabama Cotton Products Company. and l of the undersigned receivers as iessors | of said property. and shall be entitled | to receive and collect all and singular | the rents and royalties which may bee l come due to said receivers after sald sale under the leases herinabove men- ] tioned.
 l cree, and notice is hereby given, thas | no bid shall be received or considered i by the receivers at said sale of any before making his bid. deposit with the | receivers the sum of five thousand | ($5,000) dollars In cash, or check for a responsible bank, the solvency 0f l which shall be satisfactory to the re- ceivers, which said check shall be pay- | able to the receivers, and held by them as an earnest and guarantee that such | bidder will comply with the terms ok sale and pay the full amount of his l bid if he shall be the successful bid~ der at said sale; and in the event that | any person making such deposit ln cash, or by certified check as provided herein, should not become the purcha- ser at said sale, or if his bid is reject
 ed, then the sum so deposited either in cash or by certified check wiu be by the receivers immediately returned to
 such bidder. The deposit of the bid- der whose bid is accepted shall, when the sale Is confirmed by the court. be
 applied as credit in his favor on the it is further provided in said decree of sale aforesaid. that the purchaser armation Of the sale. pay to the said
 receivers in cash, in addition to the
 five thousand dollars previously depos- ited by him. the further sum Of ten l thousand ($10.000.00) dollars, in cash
 or by certified check.
 I It is further provided in said decree
 that upon the confirmation of said salea
 the purchaser or purchasers shall exe- l cute to the said receivers his or their promissory note, payable to the receiv- interest at the rate of six (6 per centl
 per cent. per annum, for the balance of the purchase price; and that the pos-
 on the continuation of said sale. be
 delivered by the said receivers to tho
 said successful bidder or purchaser at said sale but that no title to said prop , erty shall pass to the said purchaser | until the full payment of the purchase
 money shall have been made, and the | same shall have been reported to the : court. and an order and decree made 1 and entered directing the said receiv- l. CTS to execute d conveyance to the said l 1t # further provided in said decreo l, | that in payment of the said note tho
 purchaser may turn in and surrender claims proven and allowed against said | corporation at the amount which the purchaser would be entitled to receive
 thereon if the entire purchase price \ If fs further provided in said decree, a in the event that the purchaser of said 2 property at said sale should fail to pay 5 the full amount of his bid. In accord- ance with tho terms of said decree. the | court may. by proper order and decree,
 direct the said receivers to resell the
 property for the payment Of the ball ance due thereon, after applying such ? amount as may have been paid by the : said purchaser on account of said pur~
 It is further provided in said decree
 that the purchaser may have the right 1 to pay the balance of the purchase . price either upon the confirmation of . said sale or at any time before the maturity of said note which may be
 taken for the deferred payment, if hd
 shall elect to do so, and in the event ! of his election to pay said note, given
 for the purchase money. before it's . to the time of It's payment.
 It is further provided in said decree.
 that the power of sale conferred with
 this decree upon the said receivers 7 may be exercised by the said receivers
 either jointly or seVerall.n. or by agent 1 or attorney designated and appointed , by them In writing so to do, and that said sale may be adJourned from time to time by announcement made at the
 time and place for which the sama has been advertised and to which n may have been adjourned. and that the
 sale may be had on any such adjourned date without the expense and delay of re-advertising.
 It Is further provided in said decree,
 that upon the confirmation of said sale.
 the said receivers shall execute and de- liver to said purchaser certificate of purchase, which shall recite the right
 of said receivers to re-take and resell