The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-06-23

4 mat creators OF lue uSlenuduL, III
iividually or collectively, may submit
or join in bids for either or both of
the aforesaid plants with their appur-
itenances, and may apply as a credit
Ion any successful bid or bids any por
Ition of their respective claims, not to
Iexceed the amount of the principal
hereof as shown by the books of the
defendant; provided, however, that
uch creditor or creditors shall, upon
onfirmation of such sale or sales by
he court, or within a time named by
he decree Of confirmation, file bond
Tor bonds with good and sufficient Sc
Icurity, to be approved by the court in
Ian amount or amounts to be fixed by
he decree of confirmation, condition
led to pay into the registry of the court
upon order of this court in the afore-
said cause, such proportion of their
espective claims so allowed as a cred
on any such successful bid or bids
as may be necessary to elualize all
other creditors of the defendant not
parties to such successful bid or bids,
l
lsuch other creditors in cash the same
proportion of their claims as purchas-
ling creditors will receive a8 a credit
on their successful bid or bids, in
the event all creditors should not 70"
iany reason be paid in full the principal
Iof their claims, and also conditioned
Ito pay into the registry of the court,
upon order of this court in the afore-
| aid cause, any difference between the
J tamount allowed such creditor or cred
itors as a credit or credits on such
isuccessful bid or bids and the amount
: lit may be judicially ascertained was
| Iactually due such purchasing credit
| Tors: the liability of the individual cred
titors making such bond as principals
:, to be several and not joint with other
: reditors Tho may for convenience join
: the same bond and the maximum LA
+ bility Of each principal to be fixed by
# 1.-THE amount of his claim so allowed. 1t
e lis expressly decreed that the court
It lShall have the right to enter an order
Y fixing the amount due by any prnci-
g pal or principals on any such bond
n or bonds upon ten days notice to such
$ principal or principals and his or their
IS lsurety or sureties, and any order S,
r lentered in said cause shall have the
s. anne binding force and effect against
n all parties as a money judgment, and
20 imay be enforced in the same manner.
n Creditors OF the receivers OF the de
e. PENDANT may submit or join in bids fol
I'd said property under the terms of Di
I'd vision VII of the aforesaid decree
Id which is as follows:
That creditors of the receivers il
I'd the cause aforesaid may submit o.
il join in bids for either or both of th'
ch aforesaid plants with their appurten
lie. ances, and may apply as credits upol
or any successful bid or bids any portion
id of their respective claims not to eX
IS coed the full amount due them by tn,
We receivers, principal and interest, o.
e shown by the books and records o
be the receivers, to be first certified b.
'p- said receivers to said commissioner
til as just and valid claim or claim
he against said receivers
,ir The successful bidder or bidders il
ID, required by the terms of the aforesait
IT, decree to complete payment of the en-
TX tire amount Of the purchase price bit
la within thirty days from the date o
ry the confirmation of sale or within sucl
le on application of the purchaser o.
Ill purchasers for good cause shown
II Upon confirmation of the sale credit
ly ors of the defendant or of the receiv
Or ers who are parties to the purchase
C. shall before or simultaneously with
to the delivery of the deed or conveyance
lie by the commissioners execute to the
le commissioners proper discharges anG
ul acquittanceS of the respective claims
n Ct such creditors so allowed as cred
T. is on such bid, and where such claims
lie are evidenced by notes, drafts, receiv
s. ers' certificates or other writings the
lie same shall be cancelled and delivered
IN up TO the commissioners in all cases
c. where the whole amount represented
a. by such notes, drafts, receivers GER
1t ificates or other writings rs allowed
p as a credit on the bid or bids, and
IS otherwise the respective creditors
e shall make proper entries of credits
'e thereon which shall be satisfactory to
lie the commissioners. If desired by the
&c purchaser the receivers in said cause
I'd will join in and ratify the deed of con
le veyance so to be executed by the com
e. missioners, and if requested by the
lie purchaser, the commissioners will
1t sign, seal and deliver in the
d. corporate name and behalf of the de
IL PENDANT company a writing joining
e. and ratifying such deed Of convey
ance. Upon confirmation OF the sale
)e and completion of the payment of the
or purchase price and full compliance by
Of the purchaser with the terms of tne
g, aforesaid decree, the receivers in said
cause shall deliver possession of said