New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-28
MASTERS SALE.


terms and conditions.
(aJ The Special Master will accept no bids
sums sur n respeetivelT assigned to the several
properties hereinafter set forth, whlcn
minimum sums are by said decree fixed by
the Court in order to prevent a sacrifice
and 10 protect the interests OF all concerned,
as the least sums Tor which said properties
shall be respectively sold. unless the said Cir
cult Court shall hereafter otherwise order. The
properties to be Gold under the foreclosure or
the aforesaid mortgage. matte by the Hudson
River Water Power Company dated Novein-
Der 18th. 1899. and the mortgages supple
mental thereto. and the Collateral Mortgages
OF said Hudson River Water Power Com
pany. dated respectively July 10Th. 1902 ana
April sth, 1905, will be offered for Gale in
two parcels. and bids invited respectively
one II said parcels In said decree
described as the First Parcel. Is that part OF
tho property OF the Hudson River Water
Power Company which is in said decree
10 be subject 70 the First Mortgage
lien OF the said mortgage OF the Hudson
River Electric Company to the Morton Trust
as Trustee, and for such parcel no
minimum sun. OF $50. 900: and no bid will
be received from any bidder for said parcel
who shall not first deposit with tho Special
Master the sum Of 81 100. The other OF
said two parcels is oil the rest residue and
remainder Of the property OF the Hudson
River Water Power Company subject 70 said
mortgage OF the Hudson River water Power
COMPANY 10 The Trust Company Of America,
ard for such parcel no bid will be received az
less than the minimum sum OF N.95o.o0o.
10 bid will he received from any bidder
for such parcel who shall not firSt depost
with the Special Master the sum OF $50, uoo
(b) The properties directed 10 he sold under
the foreclosure OF the said mortgage made
by the Hudson Rive Electrlo company 10
the Morton Trust Company, rs Irns.ee,
supplemcntal thereto. which are not en-
braced within the properties offered under
the foregoing subdivision ta) AMI the follow,
ing subdivision Co hereof, Will ne oIle'tS
FOR -ale in one parcel az an entirety. and
bids invited therefor at not less than tne
minimum sum OF 81. 900 COO. No bid VIII pc
received from any bidder FOR such property
who shall not deposit with the spcciaI MUS
ter the sum OF S40G0
(c) The properties directed 20 he cold under
the foreclosure OF the sG!d MORTGAGE. made
by the Hudson River Electric Power Com
pany 70 the Knickerbockcr Trust COMPANY.
as Trustee and the mortga ge supplemental
thereto. which are not embraced within the
properties offered under the foregoing SUD
division Ca hereof, Will be offered for sale
IN three parcels. and bids invited respect
ively therefor. one OF said parcels IL
that portion Of the property Of the Hudson
River Electric Power Company adjudged
10 be subject 70 The prior lien thereon or
the mortgage Of the Hudson River Electro
Company TO the Norton Trust Company, MS
Trustee. dated December 18th, 1901. more
specifically described In the First Parcel
of Article xviii OF said decree. and for
DdFCeI
than the minimum sum Of $4,000. No bid
will be received from any bidder for SUCH
parcel. which is designated as said First
Parcel. who shall not first deposit with
the Special Master the sum OF Sl'ooo
The second Of the said parcels Is the prom
ertv. and right. title and interest of said
Receivers OF the Hudson River Electric
Power Company therein and thereto. known
as the Wilcox Block. in the City OF Pitts
burg. State Of Pennsylvania. and no bids
will be received Cor such parcel az less than
the minimum sum Of $1,000. No bid VIII
be received from any bidder for such parcel
Master the sum OF $500. The third o. said
parcels IS all the rest. residue and remain
der Of the rrerties OF the Hudson R ly,E
mortgage, not hereinabove in subdivision
(cl hereof otherwise provided for. and for
such parcel no bid Will be received az less
than the minimum sum Of $4,000. NO
bid will he received from any bidder for
such parcel who shall not first deposit with
the Special Master The sum OF SAG, 900.
(d) The properties 10 he sold under the
foreclosure Of the said Refunding Mortgage
made by the Hudson River Power Trans
mission Company 10 the Knickerbocker Trust
Company. as Trustee, will be offered FOR sale
in one parcel as an entirety, and bids in
vited therefor at not less than the mint
mum sum OF $3.50. 900 No bid will be re-
ceiyed from any bidder for such property
who shall not first deposit with the Special
Ma ster the sum OF S2i 900.
te) The properties 20 be sold under tho
foreclosure Of the mortgage maGe BY the
Saratoga Gas. Electric Light & Power Com
pany 20 the said New York Security &
Trust Company. now known as The New
York Trust Company as Trustee, viii he
offered for sale IN one parcel as an entirety.
and bids invited therefor al not less than
the minimum sum OF 500 600. No bid Will
be received from any bidder for said prop
erty who shall not first DEPOSIT with the
Special Master the sum Of 81 900.
The Special Master. after having Of
fered the said properties separately, VIII then
offer the whole OF them mot including the
properties Of the Madison County Gas
Electric Company for sale en- yidSss az an
entirety at not less than the minimum sum
OF 81. $40 600. and X the highest bid received
By him for the aforesaid properties shall sx-
coed the aggregate amount ot the several
highest bids for each Of said properties when
offered separately. then the said properties
VIII be struck of ana sold as an entirety 70 The
person making such highest bid for al OF SAID
properties: and the proceeds OF such highest
bid will be divided into eight parts IN proper
ton 20 the amounts hid separately on each
OF the said eight constituent parts and dis
tribute1 pursuant 10 the directions IN said
decree contained in the same manner as II
said eight constituent parts had been sold
separately: provided. however IN case no bid
shall ne received t5r any one or more of said
parcels when offered separately, the afore-
said respective minimum prices for such par
eel or parcels will be computed and taken as
the respective amount or amounts 70 De as
signed 70 such parcel or parcels FOR the pur-
pose ~ ascertaining such aggregate amount
OF bids: and also IN determining the proper
ton Of the purchase price attributable 20
such parcel or parcels respectively out OF the
proceeds Of such sale OF the entirety. "
there shall be no such bid for such entirety
then the separate parcels viii be struck Off
10 the respective highest bidders therefor
pursuant hereto.
The deposits 10 qualify bidders Al herein pro-
vided may be either IN cash or IN a check or
checks certified by a National or state bank or
- AFr=~T
York or in the Commonwealth ~ Massachusetts.
and no bid will be received from any bidder
for the said eight parcels when offered as
an entirety who shall not first depos1t Win
the Special Master the sum Of $500 900.
either in cash or in a cheek or checks oerti-
fled by a National or State bank or Trust
Company situate n the State ~ New YORK
or IN the Commonwealth Of MaEsachusstts.
The each or checks deposited by any bidder
in order TO qualify him 70 bid upon any ~
the separate parcels herein described NAV De
used by sucn oluder m Hluhlhs ~ ny ee ,py's
required from such bidder in order 70 quarry
Him q BID FOR the properties when offsrei az
an entirety. Such cash or check so 1eposlteh
by snv bidder will be held AZ pledge that
such bidder VIII make good his bid " accept
cd by said Circuit Court. The cash and
checks so deposited except those deposited nv
einy bidder whose bid shallbe Professionally ac-
certed viii b.. returned by the Special Master
at the conclusion II the sale 70 The bidder or
bidders from whom they we're received. Inc
cash and checks 50 deposited by any bidder
or bidders whose hiQs snail De nrONlhlolle.l4
accepted as provided in said decree. VIII ne
returned by the Special Master 70 the bidder
or bidders from whom they were received, II
such provisional acceptance shall thereafter
not be confirmed by said Circuit Court the
cash or checks deposited by anv bidder IN or
der TO qualify him 20 bid ~ thu said sale or
sales will be forfeited and applied 10 the ex-
perses Of said sale or sales and otherwise, as
nav Re directed BY said circuit Court IN the
event that tho bidder shall not make good his
bid In the event that any successful bidder
shall fail 70 make good his bid or bids az the
raid Court shall direct upon confirmation n
him Of such sale or sales the said Circuit
Court may order a resale ~ the property GOV
ered ~ such bid or bids and the said bidder
will be liable for eli the expenses Thereon
and FOR anv deficiency ~ price realized
thereon 70 the extent OF the payments there
tofore made by such bidder In addition ~
the cash deposited upon anv bid A. the time
NJ said sale or sales as hereirbefore required.
which shall be received as "a part 81 the pur-
chase price there shall also be raid IN cash
by the purchaser or purchasers uron tn'
confirmation OF such sale or sales and from
time 70 time thereafter as the said Circuit
Court NAV direct such further portions or
thu purchase price ~ the properties requisite
N make all payments hereunder except upon
the bonds used by such purchaser In making
payment f0r the properties purchased.
ANY purchaser ~ any ~ the properties SOLD
hereunder NAV sstlFfv and make good the
balance n his hid above the sum dr sums re-