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

| and TO protect the interests OF all concerned,
as this least sums for which said properties
shall be respectively sold, unless the said Cir
cult Court shall hereafter otherwise order The
/ properties to be Lold under the foreclosure OF
the aforesaid mortgage, made ey ths N HIason
| Der 18th 1885, and the mortgages supple
mental thereto. and ths Collateral Mortgages
OF said Hudson River water Power COM
| pany, dated respectively July 10th. 1902 and
April sth. 1905 viii be Offered for sale in
two parcels. and bids invited respectively
| therefor. one Of said parcels. in said decree
described as the First Parcel, In that part OF
the property OF the Hudson River Water
| Power Company which Is in said decree
adjudged to be subject 20 the First Mortgage
| lien OF tho said mortgage OF the Hudson
| River Electric Company 70 the Morton Trust
| Company. "a Trustee. and for such parcel no
bid will be received at less than the
minimum sun. OF $50. 900: and no bid Will
be received from any bidder for said parcel
who shall not first deposit with the Special
Master the sum OF s.. 100. The other Of
remainder OF the property Of the Hudson
River Water Power Company subject 10 said
mortgage OF the Hudson River Water Power
| and for such parcel no bid will be received at
less than the minimum sum OF 1000
40 bid will be received from any bidder
FOR such parcel who shall not first deposit
| with the Special Master the sum OF Ss000O
(o) The properties directed 10 be Sold under
the foreclosure OF the said mortgage made
| ny the Hudson Rive Electric Company TO
the Morton Trust Company, as Trustee.
dated DecefnSer 18TH. 1901 and the mortgage
supplemental thereto. which are not en-
braced within tho properties offered under
tho foregoing subdivision (a) and the follow.
Ing subdivision tc) hereof, will be offered
for rale in one parcel as an entirety. ana
bids invited therefor AZ lot less than me
minimum sum OF s.. 600 600 No bid VIII be
received from any bidder for such property
who shall not deposit with tho Special Mas
(c) The properties directed 20 be cold under
the foreclosure OF tho said mortsags, rnds
by the Hudson River Electric Power COM
pnny 10 the Knicferbocker Trust Company.
as Trustee and the mortgage supplemental
thereto. which are not embraced--wi:hin the
properties offered under the foregoing CUB
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 che property q the Hudson
River Electric Power Company adjudged
10 be subject to the prior lien thereon Of
the mort gage OF the Hudson River Electric
Company 10 the Morton Trust Company, rs
Trustee. dated December lstS, 1901 more
specifically described In the First Parcel
OF Article XVIII. Of said decree. and for
such parcel no bid will be received at less
than the minimum sum OF 10000. no bid
Earcc;, which - 4esignated as SAID FIRST
Parcel, who shall not first deposit with
the Special Master the sum OF C.0CO.
The second Of the said parcels Is the prom
-rty. ana right. title and interest Of said
Receivers OF the Hudson River Electric
Power Company therein and thereto, known
Ms lle WILCOX J5lOCk, N me 1.tF OF IlltS-
burg, State Of Pennsylvania. ard 10 bids
will be received :or such parcel az less than
the minimum sum OF $1,000. No bid viii
he received from any bidder for such parce!
who shall not first deposit with tho Special
Master the sum OF $500. Tho third OF snid
parcels is all the rest. residue and remain
der OF the properties OF the Hudson River
Electric Power Company subject 10 It's snid
mortgage, not hereinabove In subdivision
fc) heveo, otherwise provided FOR. and for
such parcel no bid VIII be received az !ess
than the minimum sum OF S975,O00 NO
bid Will be received from any bidder for
such parcel who shall not first deposit with
the Special Master the sum OF $40
(D The properties 20 be sold under the
foreclosure OF the said Refunding Mortgage
made by the Hudson River Power Trans
mission Company 10 tho Knickerbocker Trust
Company. as Trustee, will be offered for sale
in one parcel az an entirety, and bids in
Yited therefor at not less than the mint
mum sum OF $4,000 No bid will be re-
cciS ed rom any bidder for such property
who shall not firsi aeposit with tho Special
Master the sum Of 81, 900.
te) The properties 10 be sold under the
foreclosure OF the mortgage made by the
Saratoga Gas. Electric Light s. Power Com
Trust Company, NOW known as The New
York Trust Company as Trustee, Will be
offered for sale in one parcel as an entirety.
and bids invited therefor ct not less than
be received from any bidder for said prop
erty who shall not first deposit with the
Specia! Master the sum or f4.2UO.
The Special Master, after having so OF
fered the said properties separately, will then
offer the whole OF them mot including tho
properties Of the Madison County Gas
Electric Company for sale en- nrdsss as an
entirety al not less than the minimum sum
OF $3.50. 900. and II the highest bid received
by hi;n 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
viii be struck off and sold as an entirety 70 no
a f,r ~ unfA
properties: and the proceeds OF such highest
bid will be divided into eight parts in proper
ton 70 the amounts bid separately on eacn
OF the said eight constituent parts and dis
tributed pursuant TO the directions in said
decree contained IN the same manner as II
said eight constituent parts had been so,d
separately; provided, however. IN case no BID
shall be received for any one or more OF said
parcels when offered separa tely, the afOre-
said respective minimum prices Tor such par
Gel or parcels will be computed and taken as
the respective amount or amounts 10 De as
sigaed 70 such parcel or parcels for the pur-
pose Of ascertaining such aggregate amount
OF bids: and also IN determining the proper
ton OF the purchase price attributable 10
such parcel or parcels respectively out OF the
proceeds Of SUCH sale OF the entirety. IL
there shall be no such bid Tor such entirety
then the separate parcels viii be struck or
TO the respective highest bidders therefor
pursuant hereto.
The deposits 70 qualify bidders as herein pro-
vided may be either IN cash. or IN a check or
checks certified by National or State bank or
Trust Company situate In the State OF Sew
York orin the Commonwealth % Massachusetts.
and no bid viii be received from any bidder
for the said eight parcels VIXEN offered es
an entirety who shall not first deposit with
the Special Master the sum OF S@0oHo
either in cash or in q check or checks certi-
fled bv a National or State bank or Trust
Company situate n the state ~ New York
or IN the Commonwealth Of Massachusetts
THE cash or checks deposited b. any bidder
in order 30 qualify him 20 bid UPON any OF
the separate parcels herein described may be
used by such bidder IN making Up the deposit
required from guch bidder IN order 70 qualify
him 10 bid for the properties when offered as
an entirety. Such cash or check 20 depofited
bv anv bidder VIII he held as pledge That
such bidder will make good his bid II accept
Cd by safd Circuit Court. The cash and
checks so deposited. except those deposited by
efny bidder whose bid shallhe Professionally ac-
ceuted, will be returned BY the bpeciHi Master
NJ the conclusion u the sale 20 the bidder or
bidders from whom they were received: The
rash and checks so deposited by any bifder
or bidders. whose bids shall be Professionally
accepted as provided in said decree, VII %
returned by The Special Master 10 th- bidder
or bidders from whom they were received: II
such prOvis onal acceptance sndll theIeaaLrr
not be confirmed BY said Circuit Court. The
ash or checks deposited by any bidder IN or
der 10 qualify him 10 bid az tho said sale or
sales will be forfeited and applied 20 the ex-
penses Of said sale or sales, and otherwise as
NAV be directed by said Circuit Court IN mo
event that the bidder shall not make good Als
bid. In the event that shy successful bidder
shall fail 10 make good his bid or biGs as The
said Court shall direct upon confirmation 20
him Of such sale sales the said CIRCUIT
Court may order a resale ~ the property Gov
cred By such bid bids and the said bidder
VIII be liable for all the expcrres thereor
and for anv deficiency OF price realized
thereon 10 tho extent OF the payments there
iofOre made by such bidder. In addition 70
the cash Deposited upon any bid at the time
Of said sale or sales rs hereinbefore required
which shall be received as part o. the pur-
chase price. there shall also he paid IN cath
b. the purchaser or purchasers upon the
confirmation or such sale or sales and from
time 20 time thereafter as the said circuit
Court NAV direct. such further portions or
the purchase price Of the properties requisite
- make ell payments hereunder except upon
the bonds used by such purchaser IN making
payment FOR the properties purchased.
Any purchaser ~ any OF the properties solo
hereunder NAV satisfy and make good the
balance Of his bid. above tho sum or sums re-
auired 70 be paid in cash IN whole or In
part. by delivering 20 the Snecisl Master
Receivers Certificates. issued In said cause
under the order or said Circuit Court hy the
said Receivers ~ the Madison County Gas a
Electric Companv the bonds or coupons re
spectively appertaining thereto secured by
anv % the mortgages fcrGclosed IN ana ny
ssf1 decree IN the manner and ~ the extent