New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-21
MASTERS SALE.

chase price OF WHICH sum
Gates. bonds. or coupons are t-ndeisu, .S ~ saT
Same extent IL said safes were nia Ns D. D.
cash, to the holder or noiae,s c 20 for
his or their Just share or proportion, IN ma.
character Of such net proceeds upon a due
accounting. spportionment ana uis0''"u'''A
The Special Master may. in his discretion.
accept temporarily. inEtead OF the actnal DE-
livery to him OF said Receivers Certficates,
Trust Company satisfactory TO him that u
holds said Receivers certificates, bonds. ana
coupons, subject TO the order OF said Speciai
Master and will deliver them TO MIN on ue-
mand FOR cancellation or other disposition.
TIE said Circuit Court reserves the right 70
reject any bid or bids and retake and resell
ure OF any purchaser 10 comply with the
terms NJ sale or with any order OF the Court
requiring payment. within thirty days aiter
the entry OF such order In respect thereto.
1t is stated in said decree as follows:
{ The properties covered by tho mortgage
made by the Ballstcn Spa Light POWER
Company TO Horace E Mcknight and ROD
ert NJ. Medbery. as Trustees. are in no wise
affected by this decree"
and also that
the deed from the Hudson River Electric
Company TO the Hudson Valley Railway
Company dated August Is. 1904. and re-
tora County on August "a. 1904. in Liber
ESQ of Deeds ut Page 2S3, are In no Wise
affected by this decree"
pire State Power Company made hereunder.
are made subject to the final determination
OF the limited intervention proceedings mere
tofcre Instituted in said cause by Eugens
L. Ashley in respect thereof
Bids for the respective properties when
sold hereunder. must 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 to- be made IN
all subdivisions (a) and (b) OF Article AIA.
OF said decree; and In the event or tho m
ar4f q the YreuscfiNe proceeds OF SAFE
OF the separate properties in said decree d.
rectcG 10 be sold to pay in full the respective
amounts in said decree directed 20 ne pare
out OF such proceeds for the purposes SET
forth In all OF said subdivisions ta) and CD
OF said Article Xix. OF said decree. ths SAID
Circuit Court reserves the right from TINS 70
time to require TIRE payment OF such re-
snsctIve deficiency by the respective pur-
chasers under ssid decree. In the event CT
the failure or refusal OF any such puI-
chaser to pay such respective amounts so re-
ouired 10 be paid, within thirty 900 days
after the entry OF the order requiring suen
payrnent, the said Circuit Court reserves the
right 20 retake and resell the psrt nsicn
property sold under raid decree upon whlcn
such deficiency arises and 10 apply the ne.
proceeds OF such -esale 10 the payment OF
the deficiency with which such respectNs
purchasers are charysable. rendering uno
such purchaser the surplus. II any: BUY no
such purchaser viii be personally Habs
FOR the amount CT such deficiency, or any
part thereof, and the said remedy IN sa-.
OF such deficiency against such purchaser Wil'
be exclusive OF all other remedies r,
The ga Ia decree urOvides in Article AhAIl.
,bereof. that the properties hereby offered tor
sale shall be sufficiently described IN ms
notice Of sale II described suostantisIly as
follows. and they are now so oeserioeu' 10
"a, In respect Of the Hudson River water
Power Company: The DAM power house'
and the fixtures and equipment therrln con
- nsa- sni.r Falls. on the Hudson River
IN ths counties Of Warren and safslosI'
State Of New York, and also az aho s.t.s
lar the lands hereditaments, puliHInss' 80,
rights systems interest, easements rlBHes;
pri,,ilsres franchises. Licenses, shares anu
bonds. lines and property more specIrya,|
me ntioned OF referred TO In said Article ~ 4.
OF said decree. undsr ana pu,su.s r,,,,s XVI
said salo is TO be had. In said Artic.e ~
OF said decree no Aforesaid two Pr IS, as
tho said properties are separate"
tingulshed. -,...- v,.c-
.r,c Corlpany; All the lands, hereditaments,
buildings. sub-statons, pole nles' -trh,s
rights. systems. interests, easements, nssnSs
privileges, franchises. licenses snAres uo,. .
notes and chooses in action. lines ana properly,
more specifically mentioned or re.cr'e 80 a. -
in Article XVII. OF the said dec'vs, -
and pursuant TO which said sais u ~
tcj In respect OF the Hudson River Elec-
trio Power Company: The steam 49,
electric generating plant situated III o,b.-
civ OF Utlca, New York. and the otheT
nroHertv. real and personal. rights and ran
chises and shares Of stock OF every KIM.
nature and description; ana whf Eer.srts-
rnents. buildings. pole lines W@er rsn.ss'
systems. interests. easements. rights prlk--
leges franchises Licenses snaEes ponus!
notes and chooses IN action, and lines ana
property, more specifically mentaned or TO
ferred 10 IN Article XVIII. or SAID decree,
under and pursuant 10 which said sale ~ 20
b. had IN said Article XVIII. or SAG
decree the aforesaid properties as dlVidea
into said three parcels, are separately DIS
"a In respect OF the Hudson River Power
Transmission Company The electric gen
Grating plant situated AZ or neaf Meehahlc.
New York. together with It's fixtures, APP
rurtenarces and equipment. and also the
pole lires. transmission lines wires. con-
Quits. rights OF way; and al ne proper.y;
franchises OF every kind. nature and de-
scription and wheresover situated more specl-
xxx OF said decree. Under and pursuant 70
which said sale is to be had. The afoLesa!i
prCperties OF the Hudson River Power trans
mlssiCn Company are 70 be SOFA slplect y
ths mortgage heretofore made, and now
Zen thereon BY the Hudson River PoVSr
T-ansn ission Company 20 The her "a -.
Trust Company, dated March tbthi lsSa. 10
vsiue Of principal Of herds, ali o., which are
ucw issued and outstanding. ri,
fe) In respect Of the Saratoga Gas. Elec-
trio Light & Power Company The real =,
tate and generating plant. together WIN al
the machinery. fixtures. equipment and ap-
r1lrtenances thereof and thereto. situatel N
saratoga Springs SARATOGA COUNTY, New
YORK. and slso all the other properly. rea1
and personal. lands. buildings maenlnery'
ma rs role lines. wires tools FIXTURES.
r,@btg' rrIvileres. contracts franchises and
in1rnunitleq Of every kind nature ana Dc
scrlption and wheresoever situated more
specifically mentioned or referred 10 ~ AZ
ticie XXX O, said decree. under and pur-
.rant 10 which said sale Is % be had.
~ IN respect OF the Madison County Gas
T. r-,ecr-ic Company: Tie real estate and gas
slant and the electric generating plant. TO-
Rether with all the machlnery, rxtufes;
equipment and appur'enances thereon ani
IN ne village ot Cannstota. Madison county;
New York. and all the property. real ana
personal buildings. machinery. mains po.'
fines. wires tools, fixtures. rights. privi-
ieses. contracts. franchises and immunitieg
OF every kind. nature and DESCRIPTION, ana
whcresoever situated. more speclticaIy men.
tlone4 and referred 20 I'm Article XXX or
the said decree under and pursuant to when
NOTICE Is FURTHER GIVEN that the
sale OF the aforesaid properties. IN the lore
Toned and described being the properties 81
the Madison County Gas & Electric Com
pany, will he had on the 3lst day or August
1911, az eleven o'clock In the forenoon or
that dsv. at the main entrance OF the County
Court House in Namrsville. Madison COUNTY
state OF New York. upon the terms ana con
aitlons IN said decree provided and IN THIS
notice set forth. 20 FAR as applicable thereto.
The said property 0c the MSuls9n county
Cas- q Electric Company Will be Offered
for sale in one Parcel as an entirety ana
bids invited therefor az not less man me
,,i,lrnirn sum OF 500 0o0. No bid Will be
received from any bidder for said property
Who shall not first deposit with the Special
Master the " t4.Jln
ATTENTION Is DIRECTED 70 said decree
r-nder which all the aforesaid properties are 20
be scld and 10 which reference may be had FOR
a more specific description or The properties
sold The said decree IL dated July ~, 1871.
and Is sled In the office OF tho Clerk or the
United States Circuit Court for the Northern
District OF New York. at Utica, y. Y. ana
copies thereof NAV be inspected al the Office
OF the Special Master IN Ringhamton, y. y
or a. the office OF the Receivers. IN the CITY
OF Glens Falls y. Y. at ne offices or me
solicitors FOR the various Trust Companies.
coniplainants in thu respective foreclosure
causes or at the offices Of the follow. ng
rrust CorpanIes in the City OF New York.
to wit: The Trust Company of America. 81
wall Street New York city; Guaranty
Trust Company OF New York. - Nassau
street. New York City: Knckerhocker Trust
company. g. Broadway. New York CITY. and
The New York Trust Company. "A Broad