The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1913-02-01

I Trust Comapny) and executed and deliv-
cred by said Power Company to Joel H.
DeVictor, dated the first day of SepIem-
Der, 1905, and recorded among the Land
Records OF Hartford County in Liber W.
| s. F. No. 11S, folio l and among the
, Mortgage Records of Cecil County in Lii
Der N. d. No. 8, folio 493.
(c) And subject, further, to the terms
and provisions, duties and benefits ex-
pressed and implied in an agreement dat
ed the oath day of March, 1908, and enter
ed into between said Susquehanna Power
Company as party of the first part, and
the said respondents Columbia and Port
Deposit Railway Company and Philadel-
phia, Baltimore and Washington Railroad
Company 1.-THE latter company as agent of
the former company and as agent of the
Philadelphia and Baltimore Central Rail-
road Company as parties Of the second
part to which said agreement there were
thereby made parts thereof two other
agreements: the one dated the second
day OF July, 1906 and between the Nc
Call Ferry Power Company as party of
the first part, and the aforesaid parties
of the second part, as parties of the sec
ond part thereto; the other supplement-
airy thereto and dated the 18th day of Au-
gust, 1906, and between the same par
ties as last mentioned; exhibits of each
of which said agreements are attached to
said Bill of Complaint as parts thereof
I'D That no bid shall be accepted by
the undersigned Trustees at such sale or
adjournment unless the bidder shall de-
post with them in cash, or by certified
check upon some bank deemed respon-
sible by said Trustees, the sum of twenty
five thousand dollars ($25,000), or such
other indemnity as said Trustees may de-
mand as a condition precedent to the
making of said bid. If any bid shall be
accepted by said Trustees or by said
Court, and the person or persons making
the same Shall fail to comply with all
the terms of said sale and all orders
which may be made by said Court in re-
spect thereto, then said sum so deposit
ed with said Trustees shall be forfeited
and shall be duly applied by said Trus-
tees to the expenses and resale, or to
the costs, expenses, commissions or al
lowances of said cause, or in payment of
the bonds aforesaid, as said Court shall
ORDER but in case such bid shall be re-
Jected by said Trustees or by said Court,
the deposit so made by said bidder shall
be returned to him.
Ce) That at any sale or sales of the
aforesaid mortgaged premises and prop
erty described in said indenture, or any
part thereof, said Complainant, the Cir
ard Trust Company, Trustee, under the
ihdShtuit ulOlGSdlu may, upon q written
request from the holders of majority
of the bonds thereby secured and out
standing as aforesaid the said Complain
ant Trustee shall, bid for and purchase,
or cause to be bid for and purchased, the
same for and in behalf of all the holders
of said bonds thereby secured and then
outstanding who shall join in such request,
in the proportion of the respective inter-
ests of-such bondholders, at a price to be
named in such written request, not ex-
ceeding the whole amount then secured
by said mortgage, and the costs, ex-
penses, commissions and allowance of
such sale or sales; and in any such case
the bondholders making the request shall
be liable for the amount SO bid by said
Complainant Trustee, and said Com
plalnant Trustee may require a deposit
OF cash or other indemnity as a condi-
ton precedent to it's making the said
b.d; provided, nevertheless, that any
Dondaolders, not parties to said request
when hrst made, may become parties
thereto and entitled to the benefits and
charged with the responsibilities thereof,
by notifying said Trustee of their desire
so to do, and complying with the terms
required by those originally named in
said request, at any time before said
sale and purchase
u That upon any such sale as afore-
SAID, the purchaser or purchasers Shall
be entitled to turn in, use and apply, in
making payment of the purchase money
hidden upon such sale, the bonds and
coupons secured by said indenture and
then outstanding as aforesaid, reckoning
such bonds or coupons for such purpose
at sum not exceeding that which shall
be payable out of the net proceeds of
such sale to the holder or holders of
such bonds or coupons for his or their
just share of the net proceeds of sale,
upon due apportionment of and account
ing for such net proceeds. If registered
bonds be used in payment as aforesaid,
they shall be endorsed and assigned in
blank by the registered owner thereof,
ana, instead of manual delivery thereof
TO said Trustee, the said Trustees may,
in their discretion, accept in lieu there
or certificate from bank or trust
company, by them deemed to be respon-
Side, that 1t holds said bonds subject to
the orders of said Trustees
tg) That when said sale has been made
by said undersigned Trustee, and shall
have been finally ratified by said Court,
the purchasers shall, within five DAYS
from said day of final ratification, paw
to said Trustees one-third of the purchase