The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1913-02-08

p0sit with them in cash, or by certified
check upon some bant deemed respon-
sible by said Trustees, the sum OF twenty
five thousand dollars (s25.00O), or such
other indemnity as said Trustees may de-
mand as condition precedent to the
making OF said bid II 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
(e) 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
indenture aforesaid may, upon a written
request from the holders of a 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 price to be
named in such written request, not ex-
ceedfng 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 b0ndholders making the request shall
be liable for the amount so bid by said
Complainant Trustee, and said Com
plainant Trustee may require deposit
of cash or other indemnity as a condi-
ton precedent to its making the said
bid; provided, nevertheless, that any
bondholders, not parties to said request
when first 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.
- 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 snare 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 afor esaid,
they shall be endorsed and assigned in
blank by the registered owner thereof,
| and instead of manual delivery thereof
to said Trustee, the said Trustees may,
in their discretion accept in lieu there
of a certificate from a bank or trust
company, by them deemed to be respon-
sible, that it holds said bonds subject to
the orders of said Trustees.
(g) 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, pay
to said Trustees one-third of the purchase
money,