New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-12
DESKS AND OFFICE FURNITURE.
BUSINESS CHANG
RECEIVERS SALES.

~ THE CIRCUIT COURT OF THE UNITED
States for the Southern District OF New fo'S;
The Underground Electric Railways Company 90
London. Limited. Complainant. against LOUIS LOUIS .
OTsley. as Executor OF the Last VIII ah9 tsars
OBSERVATION-DISCLOSURES is hereby given that pun
sgant to decree ct sale made b., the os so0S Of
entitled cause, bearing date the 2Znd cay -. -
January. 1910, and entered IN said Gauss, .aS
undersigned. the Receiver in said cause, WI IN
at public auction. at No. SCI Fifth avenue, -
the Borough OF Manhattan, in the CITY CuunLS
and State OF New York. on the premises 6 70 az
twelve O'clock noon By joseph P Day. auction
eer the following real property by s sla o5cIes
follows:
All that certain piece or parcel Of land win
the building and improvements thereon erecteu'
situate. lying and being in the Borough OF Man
haitian, city. County and State OF New forK'
bounded and described as follows
BEGINNING at the corner formed by the In
tersection of the easterly side OF Fifth Avenue
thence along the easterly side OF Fifth Avenue
one hundred 400 feet Ave 10 inches 70 the the
Streets: running thence easterly along the cen
tire line OF said block one hundred and hfty,
with Fifth Avenue one hundred d00 feet five
90 inches 20 the southerly line Of 6sth Street;
ssh srsst 6n Hundred sai ana
feet to the point or place Of begip9ntnas said aid
nd Map Beng m the s e1 Of xe% ~
Said sale will be made in the following man
ner:
The undersigned will first offer for sale sep
arately the following parcel part Of said prem
ises. and will note the highest BID therefor
Firth Avenue distant sixty feet I'VE inches south
erly from the intersection Of the southerly side
Of Sixty-eighth Street and the easterly side OF
Fifth Avenue, and running thence soutnerly
along the easterly side of Fifth Avenue forty
feet; thence eastery parallels with Sixty-eighth
Street one hundred feet thence northerly par
aiel with Fifth Avenue forty feet, and thence
westerly parallel with Sixty-eghth Street one
hundred feet 10 the easterIy side Of Fifth Ave
nus at the point Of beginning
The undersigned will next offer for sale sep
nrAnllSeS
note the highest bid therefor. The undersigned
viii then offer Tor sale TIE said real property as
an entirety AID will note the highest bid there
for. and the bids for the separate parcels will
only be received and noted on condition that the
said real property shall subsequently be offered
for sale as an entirety, II the highest bid for
the said real property when offered for sale
several highest bids therefor when offered for
sale in said two parcels, then said real property
10 the highest bidder therefor. II. however. the
highest bid received and noted for said real
amount the several highest bids for such par
cells when offered separately. then the several
arate parcels
No bid will be accepted for said real property
as an entirety less than the sum Of fourteen
hundred thousand dollars Isl, 400. O00l. nor for
the sh Bids for Ead two paroes oered
separately shall be not less than said sum, and
lourn the sale and apply 10 the court for further
instructions. No bid will be received from any
one Offering 70 bid who shall NOT. prior 10 the
Offering Of such property for sale. deposit with
the undersigned or deliver to the undersigned as
pledge that such bidder will make good his
bid in the Of its acceptance. either in cash
or a certified check on some bank or trust COM
pany IN the Borough Of Manhattan in the city
or New York satisfactory 10 the undersigned; IN
the case OF said parcel TO De first offered for
sale, the sum OF $40 600; in the case OF the
residue Of said real property the sum Of 500
coo: and in the case Of said real property as
an entirety the sum Of $4,000.
The deposit made by any bidder for a sep
Piled on account Of the deposit 70 be made by
him bidding for said two parcels when offered
for sale as an entirety. ANY deposit so re-
ceived from unsuccessful bidder will be re-
turned TO him and. the deposit so received from
OF the purchase price Of the property sold 70
MIN IN case any bidder shall IAN after accept
ance OF his bid by the Undersigned 10 comply
with any order OF the Court relating TO the
pavr1er- thereof o- the contamination OF the
purchase, the sums deposited by such purchaser
or purchasers will be forfeited penalty for
such failure and Will be applied 70 the payment
ing good any deficiency or loss in case the prop
erry shall be sold at less price such resale.
free from membranes, and any membranes
al the time or sale any thereof sold will
be paid out Of the purchase price
The purchaser shall. on the confirmation Of
the sale by the Court. pay the residue Of the
purchase price in cash and within thirty DAYS
atter such conl5rfnat lotl' az such place IN the
CITY OF New York and at such time as the Court
such sale shall not be confirmed BY the Court
such deposit will he returned 70 the bidder.
III case the purchaser shall fail or omit 10 make
any payment on account Of the unpaid balance
- the purchase price IN accordance with the
requirements OF any order for such payment,
the property may be re-sold on such notice as
the Court may direct.
Upon confirmation OF the sale Of said real
property and payment OF the purchase price.
the undersigned Will execute Il deed or deeds
and other proper instruments conveying and
transferring such property purchased 20 the pur-
chaser or purchasers. his or their successors or
assigns. in zee simple, and upon the execution
and delivery Of such deed or deeds the grantee
or grantees therein named will be let into the
possession Of The premises so conveyed. and the
undersl gned and any party TO said hav-
ing possession Of same viii deliver such
property over 20 the purchaser or purchasers. his
or their successors or assigns. and such pur-
chaser or purchasers his or their successors
or assigns shall be entitled - hold, possess and
enjoy the same free ana discharged rom al
claims and rights OF all parties 10 this suit
and those claiming under them For further
particulars reference IS made 10 said decree.
Dated, New York. March 4th, 1910.
CHARLES @ FURLINGHAN,
Receiver