The Birmingham age-herald., 1914-05-09
LEG AL NOTICES


 as an entirety. The highest and best aggregate bid will be accepted and the property knocked down and absolutely sold to the person or persons making the highest bid or bids under the terms of sale. Any creditor or creditors oi the company shall have and be accord ed the right to pay the amount of his bid or bids pro tanto by the surrendei of indebtedness owing by the Birming g. ham oil company at par value and in- terest accrued to date of settlement or the extent to which said indebtedness would share in the general distribution of the net proceeds of any such sale in lieu of cash
 Terms of sale: As evidence of good faith. each bidder will be required to deposit at the time of sale in cash or certified checks evidence Of in debtedness owing to creditors by the company ten per cent 10 per cent) oi his bid or bids, remainder payable as follows: Personal property, in cash on delivery; real estate and Improvements S in cash or at purchasers option, one third G-3) dncluding deposit) in cash on delivery of title papers. two thirds (2-3) in one year; all deferred pay ments to bear interest at the rate of s per cent per annum from date of sale, payable semi annually, until paid. and payable at purchasers option at any time prior ito maturity.
 All deferred payments are to be se- cured by purchase lien notes in case of real estate. buildings, machinery. ity and of such form and substance as may be satisfactory to sellers.
 |" A continuous default for 30 days iu the payment of any installment of prin- cipal or interest shall render all ln- debtedness of the person in default immediately due and payable.
 Additional detailed informa ton re- garding the assets to be sold will be furnished to interested prospective buy CTS upon application to the officers of the company
 As divided into parcels the property to be sold is IS follows:
 BIRMINGHAM REAL ESTATE.
 Beginning at a point where the eas. boundary line of the Louisville and Nash vile right of way intersects the south boundary line of the G. P. railway righ. of way thence along the south boundary l,ne of the G. P railway right of way south seventy C70) degAres, east dis tance of tweve hundred and twenty 0220p feet more or less to tKing Land X Im- pl cvement Co.) boundary line; thence thiee t3) minutes and twenty-one (21) seconds south four hundred twenty-five (425) feet thence north eeventy-four GD degrees. west twelve huhGred and twenty five d225) feet more or less to the Louis Vile and Nashville railway right of way at a point three hundred and ten t310l feet south of point of beginning: thence north one 0) degree three 13) minutes, north along said Louis>slle and Nashville risht of way three hundred and ten (3l0) ft ct to point of beginning, in all ten acres Of land more or less situated in the east 1a of the southwest i4 and west F of the southeast i4 of section l9 township F. range ? west in Jefferson county. Ala bama. including all buildings and ma chinery located thereon comprising a com plete three press cotton seed oil mill, buildings consisting of seed house, mill bnilding. engine room, boiler room, two storage houses, office. stable inter shed. shed over oil tanks. hydrant houses and fences mill including three presses, seven carver linters. boilers. engines, pumps. seed cleaning machinery cookers, sub heater. cake former. cake breaker, attri- ticn mill double hulling outfit. and all belts. shafting. pulleys. oonveyors and at tachments usual and customary and be- longing to the mill.
 CLANTON GIN.
 3. Being certain tracts of land situated in the city of Clanton. county of Chil- ton. state of Alabama, bounded and de- scribed as follows:
 Beginning at point on the west side of 7th street, or the Clanton X Jemson road and north of 4th avenue where the south line of Lille l. Stewards lot crosses said west line of 1th street, being also a point in the line of the lots now owned by the estate or Samuel Adams, docea sed: thence running in a northwest erly direction along the west line of said 7th street two hundred and twenty five ,2,;o feet: thence in a westerly direction, right angles to said 7tn street one hun dsed and fifty 050) feet to the right of way of the Louisville and Nashville rail- read; thence in a southely direction along the ca sterly. line of said right of way of the Louisville and Nashville railroad two hundred (20O feet to the south line of Illlie l.. Stewards lot. if said line was extended due west: thence due east one hundred and seventy-five u75) feet along said line to the west line of 7th street to point of beginning, containing approx irlately thirty-six thousand four hundred and fifty-two and five-tenths (364o2 3 square feet or eighty-three hundredths (.S5) acres of land more or less, on which is located the buildings and machinery known as Clanton gin. consisting of gin ncry, engine rooms. bagging and storage room, storage unloading shed, boiler room stable, cotton seed storage, seed house ard office, electric light system, steam car plant office furnishing and equip ment. two wells with Marsh steam deer Nei luihP, OHc OOItlucHtdl 1lT coiiPdily four 70-saw gin outfits, one Continental Gin company three 60-saw and one S0- saw gin outfit, including all necessary spouting, transmission. pulleys, belting conveyer. etc. Also portable scales, hand tocls, pipes and fittings.
 }. Seed house and scales at Oneonta Ala, Including real estate: seed houses and scales at Amory. Miss. seed house and scales at Nettleton, Miss: seed house and scales at Winfield, Ala. seed house at Falkville, Ala. seed house and scales at Nerbena, Ala. seed house and scales at sulilgent, Ala; seed house and scales al Hanceville Ala; seed house and scales at Eutaw. Ala. seed house and scales at Berry. Ala. seed house and scales at Pantersville, Miss; seed house at Sylacauga, Ala: scales at West Point. Miss; scales at Jackson Gap, Ala. scales at Tupelo, Miss; scales at Salem, Ala scales at Altoona. Ala; scales at Sam sen. Ala; scales at Waverly, Ala; two scales and one house at Bessemer. Ala; scales at Clanton, Ala; scales at Jem- ison, Ala: scales at Fort Payne. Ala; scales at Camp Hill Ala.
 1. Accounts and bills receivable.
 ,. All other assets.
 BIRMINGHAM OIL COMPANY. ;.