The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1913-06-10

VS.
Bourbon County Home Telephone Co.
Defendant
Pursuant to a decree of sale enter
ed herein in the United States Dis
trict Court for the Eastern District OF
Kentucky at Covington, Kentucky, on
January Fl, 1913, 1 will offer for sale
at the front door of the court house in
the city of Paris, Bourbon county,
Kentucky, on
TUESDAY, JULY 8, 1913,
at o'clock, p. m, the following de-
scribed property, towit:
"All the telephone plant and system
of the Bourbon County Home Tele-
phone Company in Paris, Kentucky,
and in Bourbon county,l Kentucky,
and all it's other property, rights,
privileges, franchises and immunities
of every character and description,
whether in action or possession,
wheresoever situated, and everything
of value which the Telephone Com
pany owns or is entitled to, including
all the property, accounts, notes, mon
eys and assets of every description, in
the possession of S. M. Heller, Re-
ceiver herein, or in the possession of
the United States Trust Company,
Trustee"
The terms of said sale are as fol-
lows
mo bid will be accepted from any
bidder who shall not place in my
hands at the time of making the bid,
as a part of such bid, pledge that he
will make good his bid if accepted by
the court, either in the sum of ten
thousand dollars ($10,000) in money
or the sum of ten thousand dollars
($10,000) in the form of a certified
check or certificate of deposit, paya-
BILE to or endorsed to myself as special
master; or in lieu Of such money or
check or certificate of deposit, twen-
ty-fve thousand dollars ($25,O00O par
value, of thebonds secured by the
mortgage hereby foreclosed.
The deposit received from any I'M
successful bidder or bidders shall be
returned to him or them, when the
property is struck off.
In case a bid shall be accepted and
the sale confirmed by this court and
the successful bidder shall comply
with all the terms thereof, the cash
deposit made by him Shall be cred
tied as part payment of the purchase
price.
In the event any. bidder whose bid
has been accepted, shall fai | to COM
ply with any order of the court in re-
gard to the payment of the purchase
price, the cash, checks, certificates. of
deposit or bonds deposited by him
shall be retained as liquidated dam
ages and shall be applied toward the
expense of any resale which may be
ordered, or toward making good any
deficiency or loss in case the prop
erty at a resale shall bring less than
at prior sale; but, if q bid be accept
ed and the sale thus made by the Spe-
cial Master shall not be confirmed by
the court, then the deposit made by
the bidder shall be returned to him.,
The purchaser shall, as a part of
his bid and purchase, assume and
agree to pay any and all liabilities
incurred by the receiver since his ap-
pOitment, which may remain unpaid
on the date of confirmation of sale.
Upon the confirmation of sale the
purchaser may pay so much Of the
purchase price as may not be re
quired by the order of confirmation
to be paid in cash, by paying for and
, surrendering outstanding bonds or
coupons secured by the deed of trust
herein fOreclosed, whether said cou-
pons are attached to or cut from
said bonds, and thesaid bonds or cou-
: pons shall be received at such price
or value as shall be the equivalent
to the amount that the holders there
of would have beenentitled to receive
thereon. in case the entire purchase
price were paid in cash.
All bonds and coupons that may be
used to make such payment shall be
surrendered to the Special Master
and the amount so paid on said bonds
, or coupons or applied thereon shall
be endorsed on said bonds or coupons
by the Special Master, and the said
bonds and coupons shall then be re
turned to the holders or owners
! thereof respectively.
Any party to this suit or any holder
or holders o the bonds or coupons
herein referred to, may bid and pur-
chase atsuch sale, and shall be re-
quired to qualify and make deposit as
above provided.
The court reserves the right to re-
sell said property or any part thereof,
on such notice as it may direct, in
case the purchaser, after cOnf1rma-
ton of sale, shallfail or omit to make
any payment upon the unpaid pur-
chase price, within thirty days after
the entry of an order requiring such
payment.
Said sale may be adjourned or post
poned from time to time, on the re-
| L. h.
request of the United States Trust
re