New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-14
MASTERS SALE.

decree set forth and upon the following
1a1 Tho Special Master will accept no bids
for the properties less than the minimum
sums respectively assigned 10 me severn
properties as hereinafter SET Ioru; Mhi Si
the Court In order to prevent a sacriilce
and to protect the interests OF all concerned,
as the least sums Ter when SAID ptopeIr.l.es
shall be respectively sold. unless the said CIR
cult Court shall hereafter otherwise order. Inc
properties TO be sold under the foreclosure or
the aforesaid mortsage made oy me huosoh
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 CON-
pany, dated respectively July lyth; I'us anu
April sth 1905. will be offered for SAFE IN
two parcels. and bids invited respectively
therefor one Of Haid parcels, IN sala decree
described rs the First Parcel. Is that part OF
the property OF the Hudson River Water
Power Company which II IN said decree
ndjudged 20 be subject 20 the First Mortgage
lien OF the said mortgage OF tho HUDSON
River Electric Company TO the Morton Trust
Company, as Trustee and for such parcel no
bid will be received al less than the
minimum sum OF $50 900, and no bid VIII
be received from any bidder for SAID pareei
who shall not first deposit with the Special
Master the sum OF 50 100. The other OF
said two parcels Is oil the rest. residue ana
remainder OF the property OF the Hudson
mortgage OF the 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 Sl.OooOpo.
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.
% The properties directed 10 be sold under
the foreclosure OF the said mortgage mada
by the Hudson Rive Electric Company TO
the Morton Trust Company, as Trustee.
dated December 18th. 1901 and the mortgage
supplemental thereto. which are not EN-
braced within the properties offered under
the foregoing subdivision (a) and the follow,
ing subdivision fc) hereof. Will be Offered
for cale in one parcel as an entirety, and
bids invited therefor az Tot less than the
minimum sum OF 81 900, 600 No bid VIII Dc
received from any Bidder for such property
who shall no, deDosit with the Special Mas
ter the sum Of $40. 600
(c) The properties directed 20 he cold under
the foreclosure OF the said mortgage. made
by the Hudson River Electric Power Com
nany 70 the Knickcrbockcr Trust COMPANY
Trustee and the mortgage supplemental
thereto. which are not embraced within the
properties offered under the foregoing Sub
division (a) hereof. viii be offered for sale
in three parcels, and bids invited respect
lively therefor. one OF said parcels II
that portion Of the property OF the Hudson
70 be subject 10 the prior lien thereon 81
the mortgage Of the Hudson River Electri-
Company 10 the Norton Trust Company. ~
Trustee dated December 18th, 1901, more
specifically described in the First Parcel
OF Article XVIII. 81 said decree. and for
such parcel no bid Will be received at less
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 $1,000
The second Of the said parcels is the prom
erty. and right. title and interest % said
Receivers OF the Hudson River Electric
Power Company therein and thereto. known
as the Wilcox Block. IN the City q Pitts
will be received s0r such parcel az less than
the minimum sum 81 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 Of said
parcels is ali the rest. residue and remain
der ~ the properties OF the Hudson River
Electric Power Company subject 10 us said
mortgage. not hereinabove in subdivision
Cc) hereof otherwise provided for. and for
such parcel no bid will be received az ,ess
than the minimum sum Of S975.ooo No
bid Will be received from any bidder for
such parcel who shall not first deposit with
the Special Master he sum OF s45, o0o.
(d) The properties 10 be sold under the
foreclosure Of the sald Reminding Mortgage
made BY the Hudson River Power Trans
mission Company 20 the Knickerbocker Trust
COMPANY, as Trustee. VIII be offered for sale
IN one parcel as an entiretv. and bids IN
vited therefor az not less than thu mini
ceived from any bidder for such property
who shall not first deposit with the Special
Master the sum OF s2l,0
fel The properties 70 bA scld under tho
foreclosure Of the mortgage made by the
Saratoga Gas Electric Light & Power Com
pany 20 the said New York Security =
Trust Company, nov known as The New
York Trust Company as Trustee. will be
offered for sale in enc parcel as an entirety.
ard bids invited therefor az TOT less than
the minimum sum Of 500. 200. No bid will
ertv who shall not first deposit with the
Special Master the sum ~ s. 200
The Special Master, efter having so Of
fered the said properties separately, Will then
~ hA rT-Nn lie ~ fHe~ fviaiT
properties Of the Madison COUNTY Gas &
Electric Company for sale q, udsss as an
entirety at not less than the minimum sum
Of 81. $40 600 ard - the highest bid received
by him for the aforesaid properties shall ex-
coed the aggregate amount Of the several
highest bids FOR each Of said properties when
offered separately. then the said properties
will be struck off and sold an entirety 20 the
person making such highest bid for all OF said
properties; and the proceeds OF such highest
bid will be divided into eight parts IN proper
ton 70 the amounts bid separately on each
OF the said eight constituent parts and dis
tributed pursuant 20 the directions IN sali
decree contained IN the same manner rs u
said eight constituent parts had been EolQ
separately: provided, however IN case 10 bid
shall be received Tor any ons or more OF SAID
parcels when offered separately. the afore-
sa a respective minimum prices cor such par
Gel or parcels Will be computed and taken rs
the respective amount or amounts 70 De as
signed 70 such parcel or parcels for the pur-
pose OF ascertaning such aggregate amount
OF bids; and also in determining the proper
ton OF the purchase price attributable 70
such parcel or parcels respectively out or the
proceeds q such sale OF the entirety. II
there shall be no such bid for such entirety
then the separate parcels VIII be struck orr
10 the respective highest bidders therefor
pursuant hereto.
The deposit= 70 qualify Bidders as herein pro
vlded may be either IN cash or in check Or
checks certified b. National or State bank or
Trust Company situate in the state % New
York or in the Commonwealth of Massachusetts.
and m bid will be received from any bidder
for the said eight parcels when offered as
an entirety who shall not first deposit with
thu Special Master the sum OF 500 Dup'
either IN cash or in check or checks ceri-
fed by a National or State bank or Trust
Company situate N the state or New YORK
or In the Commonwealth Of Nassachusetts.
The cash or checks deposited b. any bidder
IN order 70 qualify him 70 bid upon any or
the separate parcels herein described may oe
used by such bidder II making up the deposit
required from Euch bidder IN order 70 QUALITY
him 70 bid for the properties when offered as
an entlretv. Such cash or check 50 deposited
bv arv bidder will be held as a pledge that
such bidder will make good his bid n accept
Ad by Faid Circuit Court. The cash ana
checks 20 deposited except those deposited by
eilv bidder whose bid shallbe Professionally ac-
c-pted. VIII be rcturne. by the special Master
a. -he conclusion = ~ sale 70 tho bidder 0r
bidders from whom they were received Il NJ
cash and checks 50 deposited ny any pl4IeI
or bidders. whose bids shall be provisionallv
accepted Cs provided IN said decree. VIII ps
returned b. the Special Master % tho hldder
or bidders from whom th"r We've 'iref "
such provisional acceptance shall Thereafter
not be confirmed by said Circuit Court The
cash or checks deposited by any bidder IN or
der 20 qualify him 70 bid ar tho said sale or
sales will h. forfeited and applied N The eH-
penFes Of 81 II sale or sales, ana otheTNls-, ~
NAV be directed by sold Circuit Court IN ne
event that the bidder shall not make 5000 nis
bid. In the event that any successful hiller
shall fan 20 make good his bid or bids as the
said Court shall direct UUOn confirmation 70
him OF such sale or sales the s2ld circuit
Court NAV order q resale of the property Gov
cred by such bid or bids and tho said bidder
will be liable FOR all the expenses f1ereoI
and for any deficiency Of price reallzei
thereon 20 the extent OF the payments there
tofore made by such bidder. In ADDITION 20
the cash dcposited upon any bid 81 The time
OF sniG sale or sales as hercinbefore required.
which shall he received az a part o. me prr-
chase price. there shall also be paid IN casn
BY the purchaser or purchasers upon the
confirmation OF such sale or sales a1d from
time 70 time thereafter as the said Circui.
Court nav direct. such further portions or
the plirchafe price OF the properties requisite
10 make all payments hereunder except upon
the bonds used hv such purchaser IN making
pavrnent f0r the properties purchased.
ANY purchaser % any 81 tine properties sol1
berc,,-an~ MAJ - and make good me