The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-10
NOTICE OF PUBLIC SALE
or the Property of tho Utah independent
Telephone Company OF Utah.

Utah Independent Telephone company.
a corporation Of Utah. will sell at pub
lie auction TO the highest bidder for
and County building. in Salt Lake City,
Utah at ten o'clock a M. on June 5,
1911, all the property which 1t owns or is
mary franchise. and will or will not sell
It's secondary franchises, according to
which method Will bring the larger sum.
The following is description of all
wit:
All property. real, personal and mixed.
now owned by said company or TO which
It is entitled: all telephone exchanges,
the state of Utah. and all lands. real
estate. grants, ways and rights OF way,
licenses and easements now owned by
said company or to which 1t is entitled,
all buildings, machinery, exchanges. mo-
tors. batteries wires. tools, poles. cables
and all other apparatus and conduits OF
uate in the state of Utah. either now
owned by said company or To which 1t
is entitled and all equipment and per-
sonal property of every description now
owned by said company or To which II
is entitled. All materials contracts
accounts. chooses in action and all fran
chises. rights, privileges, immunities. IL
censes and things in action; all con-
tracts, claims and demands. tolls and in
come now owned by said company or 10
which It is entitled; and al other prop
eTlN now owned by SAID company or TO
which II is entitled even though the same
is nor described herein.
An inventory and detailed description
of the company's property and secondary
franchises will be furnished on applica-
ton; and prospective bona fide purchas-
ers may investigate this company's af
fairs at any time previous TO the sale.
All Of the said property Will be sold
without the secondary franchises of the
company IL such method Will bring the
higher sum; II. on the other hand. a
larger sum can be realized by selling
the property with the secondary fran
chises. then that method will be Dur-
sued II the property is sold with the
secondary franchises then notice is here
from Salt Lake City to this company Is
mont transferable except by the consent
Of the. city council OF Salt Lake City
and reference is hereby made to section
l3. page 661. OF the Revised Ordinances
OF Salt Lake City, 1909. And II the high
est bidder desires all the property to-
then he must take the risk of procuring
the consent OF the city council of Salt
Lake CITY Ia the transference OF such
franchise, and this company hereby OBJ
lgates itself to give all the aid II can
to that end
The purchaser or purchasers shall paw
at least 10 per cent of the amount OF
their bid at the time OF making the
same. such payment 10 he MADE either
In cash or by certified check on some
responsible bank In Utah. and such sum
snail ne lOfltllSD w lll' company te
lquidated damages in case such pur-
cha scr does not complete the balance OF
his payment. The balance of the bid shall
he paid when the proper conveyances
assignments and transfers from this COM
panv are reRdy for delivery The pro-
ceedlnGs of the president and secretary
IN making the sale Of the ccmpanv'S
property shall be reported back to It's
board of directors for confirmation be-
fore any titlc shall pass The person
conducting the sale shall have the right
To re iect anv hid for any Of the prop
erty II he deems such bid unjusuy In
sufficient when compared with the fair
value of the property. taking into con
sideration the fact TINT the property Is
being sold at public auction The pres
dent and secretary are authorized TO
execute the necessary assignments, CON
veyances md transfers 10 nass the title
of the proncrty sold after the sale is con
firrned The president of this company
Is authorized 10 adjourn the sale from
day 10 dav. ~. in his Judgment. that
course is wise or necessary and to ad~
iourn the sale over Sundays and holl-
days.
COMPANY.
Rv waldenar Van Cott President,
Bv r r. Howell, Secretary.
DeteJ Nav l. 1911 nfnt