The Montgomery advertiser., 1906-01-18
Receivsrs' saIs.
larles E. Kimball ct al.

Under and by virtue of a decree of eAie issued by the Honorapie A. v; Montgomery. in the said above entitled { cause on the third day of November. 1905. the undersigned, William C. Lov- ertng and F. e. Hami1l. receivers Of the Alabama Cotton Products Company, VIII. on the 18th day of February. 1908. proceed to sell at the court house aoor of Montgomery county Ala5ama' iaSa within the legal hours of sale, all the right. title and interest of the Alabama Cotton Products Company in and to the Following described property, towtt:
 Four Complete ginneries. including Buildings and ground. located at De- mopolis. Alabama. Pike Road, Alabama, 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 the operation of complete gin plant:
 Thirty-three (S3) double round bale cotton presses, complete. with condens- essary supplies to equip such presses for operation in connection with a gin plant Said presses are located at the csnton cRaats co@er cumsn soaa Dadeville. Deatsville, Dothan, Eutaw, Eyergreen, Florence. Fort Deposit, Garden City. Greenville. Hartselle, Huntsville, Letohatchie. Luverne. Mont Eomery. New Hope, Prattville. Banner. Red Level. sledges, Snow Hill. sprague Junction. Tuseumbia and Union
 All office furniture and fixtures Of company, including cotton sample ta- Dies. racks. and other necessary office furniture. such as roller top desks. ta, ofiice furniture being located at No. IF Commerce. street, Montgomery. Ala banla:
 The entire stock of repairs and sup plies on hand, used in repairing the round bale cotton presses. said sup plies located at No. 216 Blob street, Moutgomery, Alabama; also, stock or such supplies located at Huntsville, Alabama, for the same purpose;
 Also all other property of every kind whatsoever. real. personal or mixed, including notes, accounts, bills receiva- bfe. and unearned insurance premiums. and all other rights and choses in action ms well as rights in possession, which may be in the possession or under the control of the receivers, or which may be held by others under lease from them. said sale to be and include all 0f the Alabama Cotton Products Com puny of Alabama in the hands of the Undersigned. as receivers of the said company. whether actually in the pos by others under lease from them, this ale being made subject to existing leases.
 Said property will be sold in bulk. subject to the leases heretofore made by the said receivers to any part of said property. real or personal, the erty succeeding by virtue of said sale. if confirmed, to the rights of the Alabama Cotton Products Company, and 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 be- come due to said receivers after said 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 bidder who shall not, at the time of or before making his bid, deposit with the receivers the sum of five thousand t$5,000) dollars in cash, or a check for five thousand dollars, duly certified by responsible bank, the solvency of ceivers. which said check shall be pay abIe to the receivers, and held by them as an earnest and guarantee that such bidder will comply with the terms of sale and pay the full amount of his bid If he shall be the successful bid der at said sale: and in the event that any person making such deposit in rash, 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, will 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. he purchase price.
 It is further provided in said decree of sale aforesaid, that the purchaser at any sale hereunder shall upon con . tirmation of the sale. pay to the said receivers in cash, in addition to the five thousand dollars previously depos- tied by him. the further sum of ten thousand ($1O.0OO.OO) dollars. in cash or by certified check.
 It is further provided in said decree. that upon the confirmation of said sale, the purchaser or purchasers shall exc cute to the said receivers his or their promissory note, payable to the receiv- CTS. at six months after date, bearing Interest at the rate of six G per cent) per cent. per annum. for the balance of the pur0hase price; and that the pos session of the said property shall, up- on the confirmation of said sale, be delivered by the said receivers to the 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 and entered directing the said receiy- CTS to execute conveyance to the said purchaser
 1t it further provided in said decrec that in payment of the said note the 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 was paid in cash.
 It Is further provided in said decree in the event that the purchaser of said property at said sale should fail to pay the full amount of his bid in accord ance with the 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 bal ance due thereon, after applying such amount as may have been paid by the said purchaser on account of said pur- chase.
 that the purchaser may have the right to pay the balance of the purchase price either upon the confirmation ot said sale or at any time before the maturity of said note which may be taken for the deferred payment. If he of his election to pay said note, given for the purchase money, before its maturity. interest shall accrue only up tn the time of its payment
 It is further provided in said decree that the power of sale conferred with may be exercised by the said receivers either jointly or severall-' or by agent 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 same has been advertised and to which tt may have been adjourned. and that the sale may be had on any such adjourned date without the expense and delay ol re-adyertising.
 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 o