New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-07
MASTERS SALE.

The Court in order to prevent a sacrifice
| and 10 protect the interests Of all concerned
| as the least sums for which said properties
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 mortgage, made by the Hudson
| River Water Power Company, dated NoVen-
Der 18th. 1909. and the mortgages supple
mental thereto, and the Collateral Mortgages
pany, dated respectively July 10Th. 1902 ana
| April sth, 1905. will be offered for SAFE IN
two parcels. and bids invited respectively
therefor. One II said parcels, In SAID decree
described as the First Parcel. is that part Of
| the property OF the Hudson River Water
Power Company which Is In said decree
lien Of the said mortgage Of the Hudson
River Electric Company TO the Morton Trust
| Company. as Trustee and for such parcel no
minimum sun. OF $50. 900: and no bid viii
! be received from any bidder for said parcel
who shall not first deposit with the Special
said two parcels is all the rest. residue and
remainder Of the property OF the Hudson
! River Water Dover Company subject 70 said
mortgage OF the Hudson River Water Power
! Company 70 The Trust Company OF America,
| ard for such parcel no bid will be- received az
| less than the minimum sum or sl,OoOop
! No bid will be received from any bidder
for such parcel who shall not first deposit
with the Special Master tire sum 81 $50 900.
| to) The properties directed 10 be sold under
b ryS the Hudson Rivee Electric company 70
| the Morton Trus, 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 90 hereof. will be Offered
for cale In one parcel a. an entirety. and
bids invited therefor at rot less than the
minimum sum or 81 100. 900. No bid viii be
received from any bidder for such property
who shall not deposit with the Special Mas
ter the sum Of SAC. COO
(c) The properties directed 70 n. gold under
the foreclosure OF tho said mortgage. made
by the Hudson River Electric Power COM
pGny 70 the Knckerbocker Trust CorTpanv,
as Trustee. and the mortgage supplemental
thereto. which ara 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
lively therefor. One OF said parcels is
that portion OF the property 81 the Hudson
River Electric Power Company adiudged
10 be subject 20 the prior lien thereon II
s4pe mortgage Of the Hudson River Electric
yompany 10 the Morton Trust Company, rs
Trustee. dated December 18th. 1901. more
specifically described in the First Parcel
OF Article XVIII. % said decree. and for
such parcel no bid will bs received az less
than The minimum sum OF $4,000. No bid
viii be received from any bidder for such
parcel. which 10 designated as said First
Parcel, who shall not fist deposit With
The second Of the said parcels Is the prom
erty. and right, title and interest OF said
Receivers OF the Hudson River Electric
as the Wilcox Block, in tho 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 will
he received from any bidder for such parcel
who shall not first deposit with the Special
Master the sum OF $500 The third ~ said
parcels is all the rest. residue and remain
der OF the properties OF the Hudson River
Electric Power Company subject TO It's said
mortgage, not hereinabovs IN subdivision
(c) hereof otherwise provided for, and for
NJ rral NJ yFffl ha FfeN a Ass
than the minimum sum OF S975 900 No
bid will be received from any bidder for
such parcel who shall not first deposit with
the Special Master The sum OF S45 600
I'D The properties 70 be sold under the
foreclosure OF the said Refunding Mortgage
made by the Hudson River Power Trans
mission Company TO the Knickerbocker Trust
Company. as Trustee, will be offered for sale
in one parcel as an entirety, and bids in
mum sum OF $3.50, 600. No bid will be re-
ceived from any bidder for such property
who shall not first deposit with the Special
Master the sum OF S2l,O00
te) The properties 10 be sold under the
foreclosure Of the mortgage made by the
Saratoga Gas, Electric Light & Power Com
pany to the said New York Security 4
Trust Company. NOW known as The New
York Trust Company Trustee. will bs
offered for sale in parcel as an entirety,
and bids invited therefor at not less than
the minimum sum Of 500 600. No bid viii
be received from any bidder for said prop
erty who shall not first deposit with the
Special Master the sum OF 81 200.
The Special Master, after having so Of
fered the said properties separately will then
offer the whole OF them mot including the
properties Of the Madison County Gas a
entirety at not less than the minimum sum
OF 81 $40 600 and - 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 as an entirety 10 the
vr,ak ipg Hfphees "A
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 10 the directions in said
decree contained IN the same manner as II
said eight constituent parts had been Eold
separa tey. provided, however in case no bid
shall be received for any ono or more OF said
parcels when offered separately, the afore-
ssid respective minimum prices for such par
Gel or parcels will be computed and taken as
the respective amount or amounts 20 be as
signed to such parcel or parcels for the pur-
pose OF ascertairing 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 II
there shall be no such bid for such entirety
then the separats parcels VIII be struck off
10 the respective highest bidders therefor
pursuant hereto.
The deposits 10 qualify bidders as herein pro-
vided NAV be either m cash or IN a check or
checks certified BY National or State bank or
Trust Company Gifudte IN the state or New
York or in the Commonwealth Of Massachusetts,
and no bid will be received from any bidder
for the said eight parcels when offered as
en- entirety who shall not first deposit with
the Special Master the sum Of $500 600.
either in cash in check or checks cer'i-
fled by a National or STATE bank or Trust
Company situate IN the State ~ New York
or IN the Commonwealth OF Massachusetts.
THE cash or checks deposited by any bidder
IN order 10 qualify him 10 bid upon any or
m. separate parcels herein described may be
used by such bidder IN making up the deposit
required from such bidder IN order - qualify
him 20 bid for The properties when offered as
an entirety. Such cash check so deposited
b. any bidder will be held as a pledge that
such bidder will mako good his bid II accept.
ed by said Circuit Court The cash ana
checks so deposited. except those deposited hv
eny bidder whose bid shallbe Professionally ac-
cepted, will be returned BY the Special Master
al the conclusion nf thu sale 70 the bidder or
bidders from whom they we're received. Tho
cash and checks SO deposited BY any bidder
or bidders. whose bids shall be rrovisionaly
accepted as provided IN eaid decree vi. ~
returned BY the Special Master 70 the bidder
or bidders from whom they wore received. ~
such provisional acceptance shall Thereafter
NOT Re confirmed bv said Circuit Court. This
cash or cheeks deposited BY any bidder IN or
der 10 Cualify him 70 bid az the said sale or
sales will be forfeited and applied 70 the ex-
may be directed by said Circuit Court in the
event that the bidder shal not make good his
bid In the event that any successful bidder
shall fail 10 make good hts bid or bids as the
said Court shs direc, upon confirmation 20
him Of such sale or sales. the said Circuit
Court may order resale Of the property COW
cred BY such bid or bids and the said bidder
will b. liable for all the expenses thereof
and for any ccficencv ~ price realized
thereon 70 the extent OF the payments there
tofore made bv such bidder. In addition n
the cash deposited upon any bid At the TINS
Of said sale or sa les as hereinbefors required.
which shall he received as part OF the pur-
chase price. there shall also be paid IN cash
bv the purchaser or purchasers upon the
confirmation OF such sale or sales and from
time 20 time thereafter as the said Circuit
Court may direct such further portions or
the purchase price If the properties requisite
20 make all "a vrnents hereunder except upon
the bonds used ~ such purchaser In making
psvrnent FOR the properties purchased
Anv purchaser ~ any ~ the properties sold
hereunder NAV satisfy and make good th@
balance Of his bid above the sum or sums re
ouired 70 be paid IN cash In whole or IN
part. by delivering 70 the snscisl Master
Receivers Certificates, issued IN SAID cause,
under he order of said Circuit Court by the
said Receivers ~ the Madison County Gas y
Electric COMPANY the bonds Or coupons re
f,fp secured