The Montgomery advertiser., 1906-01-25
Rscsivsrs' Sale.
Charles E. Kimbail ct al
 ". \ Allen Fleming. or ,,o

 sale issued by the Honorable A. D: Sayre, Judge of the City Court ot Montgomery, in the said above entitled isos tSe ea tns ara william ering and F. C. Hamill, receivers of the Alabama Cotton Products Company will on the I2th day of February. 1906. proceed to sell at the court house door of Montgomery county, A!apama' In the city of Montgomery. Aiapaina. within the legal hours of sale all .ns n 2 right, title and interest of the Aiapam \ Cotton Products Company in and to tns following described property. towit;;,
 Four complete ginneries, incluurrsms as rsns ' mopoiis. % Alabama. aaa sloTTe Pike Road Alabama, Courtland. Alabama, and IuscaloosssSs, ,sss, Alabama. each gin being equipped Wlan aa such hsSssSory ss boiierg ae engines, gin stands cotton presses. and all other necessat ..sitS 2 equipments. used in connection wltn ths operation of c1mI1eee 9anse round @ bale cotton presses, complete. with condens- CTS and oatformers. and all the nec- ssesary supplies to sa%P such t gn plant. Said presses are located at the following points. Andalusises And. e,,,I5ss, Boa5' 6se1s 66ssrSkss 1saisye cansGn GSmSa Doasan EutaM Evergreen. Florence. Fort Deposit. Huntsviiie, Lstohatchis. Luverne, Mont Red Level, siedges. Snow Hill, sprague Junction, Tuscumbia, and Union Springs, in the State of Alabama; company, mp | including cotton ton sample ta- bles, racks and other necessary office furniture. such as roller top desks, ta, once furniture being located at No. 12 Commerce street, Montgomery, Ala bama:
 piles on hand, used in repairing the round bale cotton presses. said sup- plies located at No. 2t6 Bibb street: Montgomery, Alabama; also, a stock of such supplies located at Huntsville, Alabama, for the same purpose;
 Also all other property of every kind whatsoever. real personal or mixed ble. and unearned insurance premiums, and all other rights and chooses in action as well as rights in possession, which De n 9 the or or be heldNby others under lease from them, said sale to be and include all the properly real persqpnaid pradnnts or mlaea n1m pany of Alabama in the hands of the undersigned, as receivers of the said company. whether actually in the pos session of the undersigned. or held by others under lease from them, this sale being made subject tos existing
 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 purchaser or purchasers of said prop erty succeeding by virtue of said sale, If confirmed, to the rights of the Alabama Cotton Products Company, and of the undersigned receivers as iessors 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 t$5.O00) 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 able to the receivers, and held by them as an earnest and guarantee that such sale and pay the full amount of his bid if he shall be the successful bid- der at said salo; and in the event that any person making such deposit ia In 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
 
 applied as a credit in his favor on the purchase price.
 It is further provided in said decree at at any % sale hereunder snail, Upon con irmation of the sale. pay to the said receivers in cash, in addition to the five thousand dollars previously depos- thousand ($10.00o.0O) dollars. in cash or by certified check.
 It is further provided in said decree. r.s,r4 4fis-y,o Af al al the purchaser or purchasers shall exc cute to the said receivers his or their promissory note, payable to the receiv- Interest at the rate of six (6 per cent) per cent. per annum, for the balance of Ehe purchase price; and that the pos- session of the said property shall, up-- delivered by the said receivers to tho said successful bidder or purchaser at said sale. but that nc, 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 A and entered directing the said receiv- CTS to execute conveyance to the said purchaser
 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 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 to @ pay the balance of of the purchase s price either upon the confirmation of said sale or at any time before tNe 4 maturity Of said note which may be taken for the deferred payment. if he N of his election to pay said note. given 4 for the purchase money. before it's maturity, interest shall accrue only up 4 to the time of its payment
 It is further provided in said decree, that the power of sale conferred with T this decree upon the said receivers may be exercised by the said receivers either jointly or severallv 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 Y has been advertised and to which if may have been adjourned, and that the sale may be had on any such adjourned date without the expense and delay of
 It is further provided in said decree that upon the confirmation of said sale, inc said receivers shall execute and de- liver to said purchaser a certificate of purchase, which shall recite the right ef said receivers to re-take and resell 9et1 T~~~e~ in the event default shall