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

the Court IN order 20 prevent a sacrillce
and to protect the interests OF all concerned.
as the least sums Tor which said properties
shall DO respectively sold. unless the said Cir
cult Court shall hereafter otherwise order. The
properties TO be Iold under the foreclosure OF
the aforesaid mortgage made by the HUDSON
River Water Power Company. dated Novem-
Der 10Th. 1892 and the mortgages supple
mental thereto, ana the Collateral Mortgages
OF said Hudson River Water Power COM
pany, dated respectively July 18Th. 1907 ana
April sth, 1905. will be offered for sale in
two parcels. and bids invited respectively
therefor. One 81 said parcels. in ss!d decree
described az the First Parcel. Is that part OF
the property OF the Hudson River Water
Power Company which is in said decree
ndjudged 10 be subject 20 the First Mortgage
lien OF the said mortgage OF the Hudson
Company, as Trustee. and for such parcel no
BID will be received a; less than the
minimum sun. OF $50. 900; and no bid VIII
be received from any bidder for said parcel
Master the sum OF S2.i00. The other Of
said TWO parcels IS al the rest. residue and
remainder OF the property Of The hudson
mortgage OF tho Hudson River Water Power
Company 10 The Trust Company Of America,
and for such parcel no bid will be received az
less than the minimum sum OF &l.95O. O0O.
no bid will be received from any bidder
for such parcel who shall not first deposit
with the Special Master the sum OF $50, 600.
90 The properties directed 70 be sold under
by the Hudson Rive Electric Company 20
the Morton Trust Company. as Trustee.
dated December 18th. 1901 and the mortgage
supplemental thereto, which are not .m-
braced within the properties offered under
the foregoing subdivision (a) and the follow
ing subdivision fcl hereof, Will be offered
for Gale IN one parcel as an entirety. and
BIDS Invited therefor az not less than tho
minimum sum OF s.. 900. 600 No bid viii bs
received from any bidder ror such property
who shall not deposit with ths specid! Mas
ter the sum OF SAC. COO.
tc) The properties directed 20 be cold under
the foreclosure OF the said mortgage, made
by the Hudson River Electric Power Com
pany 20 the Knickerbocker Trust COMPANY.
as Trustee. and the mort gage supplemental
thereto, which are not embraced within the
properties offered under the foregoing sub
division (a) hereof. will be offered for sale
in three parcels. and bids invited respect
.vely therefor. one OF said parcels Is
that portion OF the property OF the Hudson
River Electric Power Company ed'Cdged
20 be subject 20 he prior lien thereon CT
the mortgage OF the Hudson River Electric
Company 70 the Morton Trust Company, rs
Trustee. dated December 18th. 1901, more
specifically described IN the First Parcel
OF Article xviii OF said decree. and for
such parcel no bid VIII be received az less
than the minimum sum Of $4,000. No bid
VIII be received from any bidder FOR such
parcel, which IS designated as said First
Parcel, who shall not fist deposit with
the Special Master the sum Of s. 900
erty, and right, title and interest OF said
Receivers OF the Hudson River Electric
Power Company therein and thereto. known
as the Wilcox Block, n the City OF pits
Will be received cor such parcel az less than
the minimum sum Of 5000. No bid will
be received from any bidder for such parcel
who shall not first deposit with the Special
Master the sum OF $500. The third o. said
parcels Is all the rest. residue ana remain
der Of the properties OF the Hudson River
Electric Power Company subject 20 Us said
mortgage, not herelnabove IN subdivision
(cj hereof otherwise provided FOR, and FOR
such parcel no bid VIII Do received az -ess
than the minimum sum OF s97500o. No
bid will be received from any bidder sor
such parcel who shall not first deposit with
the Special Master he sum OF S45 900.
fd) The properties 20 be sold under the
foreclosure Of the said Refunding Mortgage
made oy ne Hudson RIVER Power -Tans ans.
mission COMPANY 10 the knickerbocker Trust
COMPANY as Trustee, VIII BE- offered f0r sale
in one parcel as an entirety, and bids IN
vited therefor az not less than tho mini
ceived from any bidder for such property
who shall not t.rst deposit with the Special
Master The sum % So 900.
(el The properties 20 Is sold under che
Saratoga Gas. Electric Light Z Power Com
pany 10 the said New York Security &
Trust Company, NOW known as The New
York Trust Company as Trustee. VIII %
and bids invited therefor az not less than
thu minimum sum q 500 0oo. 40 bid viii
be received from any bidder fcr said prop
erty who shall not first deposit with the
Special Master the sum o. $4,000.
The Special Master, after having 50 Of
fered the said properties separately. will then
offer he whole of them mot including the
properties Of The Madison County Gar &
Electric Company for sale er niGsss as an
entirety at not less than the minimum sum
OF $3.50. 600 and II the highest bid received
by him for the aforesaid properties shall eN-
coed the aggregate amount OF the several
highest bids f0r each Of said properties when
offered separately, then the said properties
VIII he struck OF and sold as an entirety % the
person making such highest BID Tor al OF said
properties, and tho proceeds or SUCH highest
bid viii be divided iu-O eight parts in 1rcp0r-
ton 70 the amounts bid separately on each
OF .hs said eight constituent parts and dis
t.!buted pursuant 20 the directions IN said
decree contained IN the same manner a. =
sa "a eight constituent parts had been sold
separately. provided however, IN case no pa
shall be received for any one or more or SAID
parcels when offered separately, the afore-
said respective minimum prices for such par
Gel or parcels will b computed and taken as
the respective amount or amounts 20 be as
signed 90 such parcel or parcels FOR the pu--
pose n ascerta!Cirg such aggregate amount
OF BIDS ana also IN determining The proper
ton OF me purchase price attfloutao.e 10
proceeds u such sale % the entirety. =
there shall BE- no such bid FOR such entirety
then the separate parcels VIII hs struck or
20 the respective highest bidders therefor
pursuant hereto.
Tho deposits 10 qualify Bidders as herein pro-
v'de1 may he either 81 cash. or 4. q check ur
checks certified hy q National or S'ate bank or
Trust Company ntuate To the state or New
York orin the Commonwealth OF Massachusetts.
and no bid will be received from any bidder
for the said eight parcels when offered as
an entirety who shall not first deposit with
the Special Master the sum % S2DOurD,
oT- Ia .
fled by q National or state bank or Trust
Company situate 2 the state NJ New York
The cash or checks deposited by any bidder
IN order 70 qualify him 20 bid upon any n
the sauarate parcels herein described may he
used By such bidder IN making mp The deposit
required from such bidder in order % quahf"
him 20 BID FOR the properties " hen ottere1 as
an entirety. Such cash or check so deposited
by any bidder Will be held es a pledge That
such bidder VIII make good his bid - accept
Ell nv sand Circuit Court. The cash and
checks go deposited except those deposited hy
any bidder whose bid el1.lhe r-rT'gicrally nc
cep'ed, VII b returned by the SPECIAL Master
n the conclusion % the sale 20 the bidder or
bidders from whom they were received. The
cash and checks so deposited by any bidder
or bidders. whose bids shall. be Tr0vislona.Y
accepted as provided IN SAID decree. WI oe
by the Special Master 20 mo bidder
or bidders from whom they were received, =
such provisional acceptance shan Thereafter
nor be confirmed by sa.d Circuit Court. Ihs
der 20 qualify him 70 bid az the said sale or
sales will be forfeited and SrDl!ec 20 the eN-
penses Of said sale or sales and otherwise as
may be directed by said Circuit Court IN the
event that the bidder shall not make good his
bid In the event that any successful bidder
shall fail 70 make good bis bid or bids as the
said Court shall direct upon confirmation 70
him q such sale or sales the said Circuit
Court may order a resale Of tie property COW
cred by such bid or bids and ths said bidder
will be liable for all the expenses thereof
and for any deficiency OF price realized
q ereon 10 the extent OF the payments there
tofore made by such bidder. IN addition 20
the cash deposited upon any bid at the time
OF said sale or sales as hereinbefore required,
which shall be received az a part % the pur-
chase price. there shall also be paid IN cash
by the purchaser or purchasers upon the
OF such sale OF sales ana nom
time 20 time thereafter as the said Circuit
Court NAV direct. such further portions or
the purchase price OF the properties requisite
70 make all payments hereunder except upon
the bonds used by such purchaser IN making
pavmsnt f0r the Drorerties purchased.
Any purchaser OF any q, The properties sold
hereunder NAV satisfy and make good The
balance Of his bid. above tho sum or sums re-
uuired % be paid In cash. IN whole or In
part by delivering % the Special Master
Receivers Certificates. issued IN said cause
under The order ~ said Circuit Court by the
said Receivers Of the Madison County Gas q
Electric COMPANY the bonds or coupons re-
lpectively appertaining thereto secured nv