The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-16
NOTICE OF PUBLIC SALE
OF the Property OF the Utah Independent
Telephone Company OF Utah.

OF the Property OF the Utah Independent
Telephone Company Of Utah.
Utah Independent Telephone company
corporal ation of Utah will sell at pub
lie auction TO the highest bidder for
cash at the west front door OF the City
and County building. in Salt Lake City.
Utah al ten U clock a. No.. on June a.
l9ll. all the property which II owns OF is
entitled TO, except. OF course. IFS prl-
mary franchise: and viii OF VIII not sell
It's secondary franchises. according 10
which method will bring the larger sum
The following is description of all
the property "wned by This company. TO
wit:
All property real. personal and mixed
now owned by said company or TO which
IL is entitled; all telephone exchanges.
equipment ana telephone INES, situate IN III
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 ii is cuut!ed.
II buildings. machinery exchanges. mo-
tors. batteries wires tools. poles. cables
and all other apparatus and condu:ts OF
whatever description and wherever SIT
uate in the state of Utah, either now
owned by said company or TO which u
Is entitled and all equipment, and per-
sonel property of every description now
owned by said company or To which IL
ls entitled. All materials contracts
accounts; chooses in action and all fran
chses, 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 IL is entitled, and II other prop
erty now owned by said company or To
which II Is entitled even though the same
is not described herein,
An inventory and detailed description
Of the company's property and secondary
franchises will be furnished on applca-
t!on: and prospective bona fide purcnas-
ers may investigate this company az
fairs at any time previous 10 the sale.
All OF the sad property Will be sold
without the secondary franchises OF the
company II such method will bring the
higher sum; If. on the other hand.
larger sum can be realized by selling
the property with the secondary fran
chiscG. then that method VIII be pur-
sued. If the property is sold with the
secondary franchises then notice, is here
by given that the secondary franchise
from Salt Lake City 10 this company Is
non transferable except bv. the consent
OF the city council OF Salt Lake City
and reference IS hereby made TO section
~ page SCI. OF The Revised Ordinances
est bidder desires all the property To-
gcther with the secondary franchises
then he must take the risk Of procuring
the consent OF the city council OF Salt
Lake City TO the transfercnce OF such
franchise. and this company hereby OBJ
ligates itself to give all the aid 1t can
20 that end.
The purchaser or purchasers shall pay
at least 10 per cent or the amount ot
their bid at the time OF making the
same. such payment to De made either
In cash or by certified check on some
responsible bank IN Utah, and such sum
shah be forfeited 70 the company as
liquidated damages In case such pur-
chaser does not complete the balance OF
his payment. Tho balance OF the bid shall
be paid whom the proper conrcvances.
assignments and transfers from this COM
panv are ready for. delivery. The pro-
cocdnCs OF the president and secretary
in making tho sale OF the coMpanvs
property shall he reported back TO Its
board OF directors for confirmation be-
fore any ute shall pass The person
conducting the sale shall have the right
to reject any bid for any of the prom
erty II he deems such bid uniustly In
sufficient when compared with the fair
value o5 the property. taking into CON
Sideration the fact that the property is
being sold Mt public auction. The pres-
ident and secretary are authorized To
execute the necessary assignments con-
veyances and transfers to pass the tItle
OF the pronerty sold after the sale Is con-
firmed. The president OF this company
is authorized 10 adjourn the salo from
day 10 day. Is, in his Judgment. that
course is wise or necessary and to ad-
journ the sale over Sundays and holt
days.
UTAH INDEPENDENT TELEPHONE
COMPANY.
BY Wademar Van Co,i. President