The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-03-17
LEGAL ADVERTISEMENTS,

tenances, and may apply as a credit
ON any successful bid or bids any por-
ton of their respective claims. not to
exceed the amount of the principal
thereof as shown by the books of the
defendant; provided, however, that
such creditor or creditors shall, upon
confirmation Of such sale or sales by
| he court, or within time named by
he decree of confirmation, file a bond
lor bonds with good and sufficient Sc
cuTity, to be approved by the court in
an amount or amounts to be fixed by
the decree of confirmation, condition
ed to pay into the registry Of the court
upon order of this court in the afore-
said cause, such proportion of their
Irrespective claims so allowed as a cred
it on any such successful bid CT bids
as may be necessary to elualize all
other creditors CT the defendant not
parties to such successful bid or bids,
to secure the eventual payment to
such other creditors in cash the same
proportion of their claims as purchas
ing creditors will receive as credit
on their successful bid or bids, in
the event all creditors should not fc.
any reason be paid in full the principal
of their claims, aud also conditioned
to pay into the registry of the court
upon order of this court in the afore-
aid cause, any difference between the
amount allowed such creditor or cred
ltors as a credit or credits on such
successful bid or bids and the amount
it may be judicially asoertained was
act ally due such purchasing credit
ors; the liability of the individual cred
itors making such bond as princ pals
to be several and not joint with other
reditcrs who may for convenience join
n the same bond and the maximum liza
bility of each principal to be fixed by
the amount Of his claim so allowed. 1t
is expressly decroed that the court
/ shall have the right to enter an order
fixing the amount due by any princi-
pal or principals on any such bond
or bonds upon ten days notice to such
principal or principals and his or their
surety or sureties, and any order so
entered in said cause shall have tho
same binding force and effect against
all parties as a money judgment, and
may be enforced in the same manner
Creditors of the receivers OF the de
PENDANT may submit or join in bids for
said property under the terms CT Di.
vision VII of the aforesaid decree
which is as follows:
That creditors of the receivers in
the cause aforesaid may submit or
Join in bids for either or both of the
aforesaid plants with their appurten-
ances, and may apply as credits upon
any successful bid or BIDS any portion
of their respective claims not to ex-
coed the full amount due them by the
receivers, principal and interest, Is
shown by the bpoksrand records OF
the receivers, to be first certified by
said receivers to said commissioners
as just and valid claim or claims
against said receivers
The successful bidder or bidders is
required by the terms Of the aforesa d
decree to complete payment Of the en-
tire amount of the purchase price bid
within thirty days from the date of
the confirmation OF sale or within such
further time as the court may allow
on application of the purchaser or
purchasers for good causs shown.
Upon confirmation of the sale credit
ors Of the defendant or Of the receIy.
ers who are parties to the purchase
snail before or simultaneously with
the delivery of the deed Of conveyance
by the commissioners execute to the
commissioners proper discharges and
acquittances of the respective claims
Iof such creditors so allowed as cred.
is on such bid, and where such claims
are evidenced by notes. drafts, receiv.
,ers' certificates or other writings the
same shall be cancelled and delivered
up TO the commissioners IN all cases
where the whole amount represented
by such notes, drafts, receivers GER
ibcates or other writings Is allowed
Ias credit on the bid or bids, and
otherwise the respective creditors
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