New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-23
MASTERS SALE.


or some national or state bank or
trust company in the City Of New
York and State OF New York.
All deposits received by said Spe-
cial Master, except those deposited
By the bidder whose bid is provision
ally accepted by said Special Master.
shall be returned by him at the con-
clusion OF the sale TO the bidder or
bidders from whom they shall have
been received.
In case any bidder shall fail TO
make good his bid upon the provision
al acceptance by said Special Master.
or shall fail, after such acceptance, 10
comply with any order OF the court
relating TO the terms of the sale, then
all moneys or checks deposited BY
said bidder or purchaser may be for
feited and may be applied towards the
expenses OF any sale hereunder and
10 such other purposes as the court
may direct
II any sale for which deposit
shall have been made and for which
a bid shall have been PROFESSIONALS
accepted shall not be confirmed by the
court for any other cause than for
failure on the part Of the bidder 10
comply with the terms Of his bid,
such deposit shall be returned 10 the
bidder.
In addition 10 any cash deposited
upon any bid at the time Of. or before,
any sale hereunder which shall be re-
ceived rs a part OF the purchase price,
there shall also be paid in cash by
the purchaser upon the confirmation
of such sale and from time TO time
thereafter, such further portions OF
the purchase price of the property
sold hereunder as the court may dl-
rect for the purpose OF discharging
any costs. expenses. fees, obligations
Of the receiver or liens prior to said
bonds (other than taxes and receivers
certifCates) and the remainder Of the
purchase price not required to be
paid IN cash, may be paid IN cash or
the purchaser may satisfy and make
good the remainder OF his bid in
whole or in part by delivering to said
Special Master, bonds secured by the
indenture Of trust aforesaid, or
coupons for unpaid interest on such
bonds or both, 80 far as they will go
in paying such remainder. which
bonds and coupons, unless negotiable
and payable to the bearer, shall be
duly endorsed and assigned In blank.
Such bonds and coupons. whether de-
livered TO said Special Master at the
time Of sale or subsequently, shall be
received at such price or value as
shall be equivalent TO the sum which
would be payable on such bonds and
coupons out OF the net proceeds or
such sale. n such sale were made for
money. and the whole amount Of the
purchase price were paid In cash.
The purchaser shall, as a part o.
the consideration for such sale and
IN addition to the price bid, assume
the payment OF the receivers certifi-
Gates. now outstanding or hereafter
authorized or issued according TO
their tenor and effect and perform all
contracts heretofore made by the re-
ceiver appointed IN this consolidated
cause which shall be In force at the
time ot the sale and which by the or
der Of this court heretofore entered
shall have been authorized and which
have been ordered or decreed TO be
binding upon any purchaser OF the
property by said decree ordered to be
be sold in case Of a sale thereof un.
der order OF court and by the making
Of his bid and the subsequent confirm
alton thereof by the court. the pur-
chaser shall be deemed TO have as
sumed 10 pay said receivers certit-
Gates and 10 carry out the perform
ance Of such contracts.
AS part OF the consideration for
the property purchased the purchas-
er shall take the property and shall
receive a deed therefor upon the ey-
press condition that in addition 10
the sum paid therefor the purchaser
shall pay and discharge all the follow
ing claims and obligations so far as
the same are not paid, satisfied and
discharged out OF the amount bid at
the sale or paid IN cash out OF the
funds available for such purposes in
the hands OF the receiver, to-wit:
"a All unpaid taxes
OBJ The said receivers certificates.
as I'm Paragraph XIV Of said decree
described. and such further receivers
certificates as may be authorized In
said cause. The purchaser shall pay
the installments OF interest on said
receivers certificates as they may
sayeraly mature and shall discharge
the principal Of said certificates at
the maturity thereof on November 10,
1914. At the option OF the purchaser,
however, he may redeem said certiti-
Gates at any time and up 10 the date
of maturity. ar par and accrued inter
est, upon giving notice as by said
certificates required
(c) All claims against the receiver
herein for personal injuries or other
wrongful acts that have occurred or
shall occur directly or In connection
with the receivership herein, which.
within six months after the first pub
LEGATION. as in said decree provided. Of
the notice for the presentation OF such
claims, shall have been duly presented
10 William p. Johnson, Special Master,
and which shall have been duly al
lowed for payment by said Special
Master without objection. or author
lied By q final order or decree Of this
court.
I'd The rights, II any, OF any in
tervening petitioner whose claims are
reserved By said decree for future ad
Indication. and which may be decreed