The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-02
NOTICE OF PUBLIC SALE
OF the Property OF the Utah Independent
IeIephone COMPANY Of Utah.

Utah Independent Telephone company.
q corporation of Utah will sell at pup
cash at the west front door OF the City
and County building, in Salt Lake City.
Utah at ten o'clock a. m,. on June 5,
1911, all the property which II owns or Is
mary franchise; and WILL or will not sell
it's secondary franchises, according TO
which method VIII bring the larger sum-
The following is a description OF all
the property owned by this company. TO
wit:
All property, real, personal and mixed.
IL is entitled; all telephone exchanges.
equipment and telephone lines, situate in
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 H. is entitled:
all buildings. machinery. exchanges, mo-
tors. batteries. wires. tools, poles: cables
and all other apparatus and conduits OF
whatever description and wherever Sit
uate In the state OF Utah, either now
owned by said company or to which il
sonal property OF every description now
owned by said company OF to which IL
is entitled. All materials, contracts.
| accounts, chooses In action and all fran
chises. rights. privileges. immunities. IL
censes and things In action; all
tracts, claims and demands. tolls and in
| which II is entitled. and all other prop
erty now owned by said company or to
which it Is entitled even though the same
| is not described herein.
An inventory and detailed description
OF the company 8 property and secondary
| franchises will be furnished appica
ton; and prospective bona fide purchas-
| ers may investigate this company's af-
! fairs at any timo previous to the sale.
| All OF the said property will be sold
without the secondary franchises Of the
| company IL such method will bring the
higher sum; IL, on the other hand, a
larger sum can be realized by selling
| the property with the secondary fran
chises, then that method win be pur-
| sued. II the property Is sold with the
| secondary franchises then notice is here
| by given that the secondary franchise
from Salt Lake City to this company is
non transferable except by. the consent
Of the city counci OF Salt Lake City
and reference is hereby made to section
13. page sci. OF the Revised Ordinances
est bidder desires all the property to-
gether with the secondary franchises
then he must take the risk of procuring
the consent of the city council OF Salt
| franchise. and this company hereby OBJ
ligates itself to give all the aid IL can
| to that end.
The purchaser or purchasers shall pay
at least 10 per cent Of the amount OF
their bid at the Jime of making the
same, such paymeht to be made either
responsible bank in Utah, and such sum
| shall be forfeited TO the company as
| liquldated damages in case such pur-
chaser does not complete the balance oi
his payment The balance of the bid shall
be paid when the proper conveyances
| assignments and transfers from this com
| panY are ready for delivery. The pro-
| ceedlngs of the president and secretary
in making the sale OF the company
property shall be reported back TO It's
| board of directors for confirmation be
fore any title shall pass. The person
conducting the sale shall have the righ,
| TO reject any bid for any OF the prop
erty II he deems such bid unjustly in
sufficient when compared with the fair
value OF the property, taking into con
sideration the fact that the property is
being sold at public auction. The pres
ident and secretary are authorized tc
execute the necessary assignments. con-
veyances and transfers 10 pass the title
OF the property sold after the sale is con-
| firmed. The president OF this company
is authorized TO adjourn the sale from
day to day. II, in his judgment, that
course is wise or necessary and TO ad-
iourn the sale over Sundays and holi-
| DAYS.
UTAH INDEPENDENT TELEPHONE
| COMPANY.
BY Waldemar Van Cott. President.
BY 3. r. Howell, Secretary.
! Dated May ]. 1911 e1Ol