New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-07-31
MASTERS SALE.

chase price OF which such hecelEsiS -.
cafes bonds or coupons are rendered. 20 tAo
same extent as ~ aid sales were mace .Di
cash. 20 tho holder or holders OF sala 60
csivers' Certificates. bonds or coupons u
his or their Just snare OF proportion N ma MAJ
character OF such net proceeds upon a Jus
accounting. spportionment and dISuiouIoa
OF such net proceeds.
The Special Master may, In his discretion
accept temporarily. instead OF the actual de-
livery 20 him OF said Receivers Certificates,
bonds and coupons, the certificats OK any
Trust Company satisfactory 70 MIN mat u
holds said Receivers certificates. bonds. anc
coupons. subject 70 tho order OF said Special
Master and will deliver them 10 him on de-
mand FOR cancellation or other disposition.
Tho said Circuit Court reserves the right 20
rejsc; any bid or bids and retake and resell
any OF the property purchased. upon ne ia,i-
terms OF ssle or with any order OF the Cour.
requiring payment. within thirty days after
the entry OF such order IL respect thereto.
II 10 stated In said decree as follows:
k The properties covered by the mortgage
Company to Horace e McKnigh, and Rob
ert NJ. Medbery, Gs Trustees. are IN no WISE
affected by this decree"
and also that 1900. 49,
the deed from the Hudson River Electric
Company 10 tho Hudson Valley Railway
Company. dated August IL. 1904. ana re-
corded In the office Of the Clerk Of sara
toga County on August "a 1904. IN Llber
$50 cf Deeds at Page 233, are in 40 wise
affected by this decree"
The sales OF the shares II stock OF the En-
pire State Power Company made hereunder.
arc made subject 70 the final determination
OF the limited intsrv1l.ion proceecings mere
tofore instituted IN said Gauss by Eugene
BIDS Tor The respective properties when
sold hereunde-, mrst provide Tor payment
or payments IN cash Of such sum or sums as
the said Circuit Court may deem SUFFICIENT
20 meet the payments required 70 be made n
all subdivisions "a ard Cb) Of Article XIX.
az said decree; and IN The event or the m
sufhciency OF the respective proceeds OF sale
Of the separate properties In said decree d.
rected 20 be sold 10 pay IN full the respective
amounts IN said decree directed 70 Be paid
ont Of such proceed. for the purposes set
forth N all OF said subdivisions (a) and co.
Of said Article xix. OF said decree. the sa.i
Circuit Court reserves tho right from time 10
time 20 require the payment OF such r.
spectivs deficiency by the respective puf.
chasers under SAID decree. IN the event cf
the failure or refusal az any such puI-
chaser 20 pay such respective amounts 50 r.
au!red 70 be PAID. within thirty ISO1 cas- cas-
after tho entry Of the order requiring such
payment, the said Circuit Court reserves me
right 70 retake and resell the particular
property sold under sald decree upon ~hleh
such deficiency arises and 70 apply the net
proceeds OF such rezale 20 the payment OF
the deficiency with which such respective
purchasers are ehargeable. rendering unto
such purchaser VIII De personally haols
Tor the amount e such deficiency, or any
part thereof, ana the said remedy IN sac
OF such deficiency against such purchaser VIII
be exclusive OF al other remedies.
The said decree provides IN Article N8A-I.
thereof. that me properties hereby otfeTea L9r
notice Of sale II described substantia!ly as
follows, and they are now so describec' ID
ial N -.spect Of the Hudson River Water
Power Company. The dam, power mouse
ana he fixtures and equipment tnereln con-
ta.ned and appurtenant thereto sltu4.e az
or near Spier Falls. on the Hudson hlNeL'
~ ne counties OF Warren ana Saratoga,
state Of New York. and also az and sInsu-
lar the lands, Entertainments, blI4alnes' 49,
rights. systems interest. easements Lls-t.9i;
privileges franchises. Licenses, shares a ~,
bonds lines and property more spec-y.SSa1,,y
mentioned or reteyred 70 in said Article W !,
OF SAID decree under and pursuant 20 Nh.eI
said sale ~ 20 be had. In said Article A. 4,
OF sad decree 10 aforesaid two parcels d
the said properties are separately ols-
~, In r.sp.ct O, The Hudson River Elec-
tic Company. AL The lands feredltaiIlst.,s.
buildings, suh-stat.ons, pole mes 49,
rights. systems. interests. easements tlgn4ss'
privileges. franchises licenses shares, ool. .'
notes ana chooses IN action. lines ana propeIl5'
more specifically mentioned or reierrea %
in A-.lcle XVII. Of the said decree. uhaer
ana pursuant % which said sale IS 70 -
lej IN respect OF the Hudson River - Elsc-
TIC Power Company ne s,,,,s.s4 IN tse
go y, f-tica- View York. ana the other
property. real and personal, rights and ran
caises ana aa sh1 es.,p,on and vherssosver
situated: and also all tho lands nerei.la-
ments buildings, pole lines. water rlshts5'
svgterns Interests. easements rights, priv
leges franchises. Licenses. snares bonns;
notes and chooses IN action, and INES aAd
property. more specifically menuoned or re-
ferred 20 IN Article xviii OF said decree,
under and pursuant 70 which said sale Il 70
b. rad IN said Article XVIII. ~ SAID
decree the aforesaid properties as diF4led
into said three parcels. are separately dis-
rs In r.spect Of the Hudson River Power
Transmission Company; The eiectr'c ger
Grating plant situated az or near Nechanlc.
viiia In the County OF Saratoga, state OF
New York together with rs fixtures, ap-
purtenances and equipment. and also the
pole lines. transmission lines wires. con-
duits rights % way; and all ne properly.
real and personal. rights. privileges aH1
franchises Of every kind, nature and de-
scrfuf'1r and vheresoveT situated more -peci-
s'ca11v mentioned or referred 20 N Article
xxx OF said decree. under and pursuant 70
which said sale ~ 70 be nad. re az, -, 80
properties OF the Hudson River Power Trans
mission COMPANY are 20 be sold subject N
the mortgage heretofore made. ana now a
lien thereon. by the Hudsc1 River Power
Transmission Company 70 me AIercah-lle
Trust COMPANY. dated March 5th. lsas. 70
secure an authorized issue % 100000 face
value u principal of bends, al or VINCE are
- w, IN -sspsc. ~ the Saratoga Gas Elec-
tic Light & Power Company. The Feal p,
tate and generating plant logc,ae. w -, an, an
-Tl-.ara0ces thereof and thereto. situated IN
Saratoga Springs Saratoga county New
YORK. a7d also ali the other property. real
ana Dersoral lands. buildings. machinery.
mains role lines wires, tools, fixtures,
r'ehtr. privileges. contracts franchises and
Ir~rrur'f!es OF ever kind. nature and de-
sc-ipt!on and vheresoever situated more
s-eciFcaIlv mentioned or referred 20 n Ar
ticle XHy. OF ssid decree. under and pur-
susnt t1 which said sale Is 90 be had.
Of
E. F'a~t-fe C1ryparv- The real estate and gas
plant and tho electric generating plant, to-
Eether with all The machinerv. fixtures.
CONTINENT ard RnpIrtenances thereof and
thereto situated IN fhe City N oneida and
IN the Village Of Canastota. Madison county.
Now York and all the property. real ana
rl-1onai buildings machinery, mains. pole
ll~le. wires. tools. fixtures, rights. priFi-
legcs contracts. franchises and lmmunIlles
Of sverv kind nature and description. and
wnrrrs0ever situated. more specifically men
toned and referred 20 IN Article XXX. OF
the said decree under ana pursuant 10 which
1T,0-lcy5 IS rT-PTHrP GIVEN that IRE
sale OF the aforesaid properties. IN the fore
going subdivision - OF this notice men
Toned and described. being The properties %
the Madison County Gas & Electric COM
panv, will be had on the 3lst dag ~ August.
1911. at eleven o'clock IN the forenoon OK
that dav az the main entrance or the C1unty
Court House IN Nlmrsvi.e, Madison County,
State Of New York. upon the terms ana con-
dlt,ons in sad decree provided ana IN ms
rotice set forth. Sc far az applicable thereto.
Tho said property % the Madison county
Gas & Electric Company VIII he Offered
for sale in one parcel as an entirety and
bids invited therefor az not less than The
minimum sum OF 500 OO0 40 bid viii bs
received from sny bidder f0r aid property
who shall not first deposit with the Special
Master tha sum % $4,000.
ATTENTION II DIRECTED N said decres
under which al ths aforesaid properties are 20
be SEX and 20 which reference may be had for
a moro specific description of 10 properties
sold. The said decree IL dated July l3 1911,
and r. rled IN tho Office OF the Clerk ~ the
United states Circuit Court for the Northern
District Of New York. az Utica, y. 2. ana
COMES thereof nav be inspected az the offics
Of tho Special Master IN Bnghamton, y. Y,
or al the office OF the Receivers. In the city
OF Glens Falls y. - az the offices OF ths
solicitors FOR the various Trust COMPANIES.
complalnants IN the respective foreelosurs
causes or az the office. " the following
TrIst COMPANIES IN the City OF New yort
20 wit tn. Trust Company ~ America, 81
wall street. New York city; Guaranty
Trust COMPANY OF New York. 2s Nassau
street. New York city; Rnlckerbocker Trust