The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-03-04
LEGAL ADVERTISEMENTS.
urned to such bidder.

urned to such bidder.
Creditors of the defendant will be
permitted to submit or join in bids for
said properties under the terms of
Division VI of the aforesaid decree,
which is as follows:
That creditors of the defendant, in
| Cividually or collectively, may submit
CT join in bids for either or both of
the aforesaid plants with their appur-
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
| the court, or within time named by
the decree of confirmation, file a bond
or bonds with good and sufficient Sc
curity, 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
respective claims so allowed as a cred
it on any such successful bid or bids
as may be necessary to el4ualize ali
other creditors of the defendant not
parties to such successful bid or bids,
TO secure the eventual payment to
such ether oraditoPc in ooel, Tho co,,,o
proportion of their claims as purchas-
ing creditors will receive as a credit
on their successful bid or bids, in
the event all creditors should not for
any reason be paid in full the principal
OF their claims, and also conditioned
to pay into the registry of the court,
upon order of this court in the afore-
said cause, any difference between the
amount allowed such creditor or cred
ltors as credit or credits on such
successful bid or bids and the amount
1t may be judicially ascertained was
actually due such purchasing credit
ors; the liability of the individual cred
ltors making such bond as principals
to be several and not joint with other
creditors who may for convenience Join
in the same bond and the maximum liza
bllity of each principal to be fixed by
the amount of his claim so allowed. 1t
is expressly decreed that the court
shall have the right to enter an order
liking 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 the
same binding force and effect against
all parties as 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 of Di-
vision VII of the aforesaid decree,
which is as follows:
That creditors of the receivers in
the cause aforesaid may submit or
DIN in bids for either or both of the
plants with their appurten-
lnces, and may apply as credits upon
my successful bid or bids any portion
If their respective claims not to ex-
'eed the full amount due them by the
'eceivers, principal and interest, as
shown by the books and records OF
he receivers, to be first certified by
said receivers to said commissioners
Is just and valid claim or claims
against said receivers
The successful bidder or bidders is
'equired by the terms of the aforesaid
iecree 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
lurtser time as the court may allow
on application of the purchaser or
purchasers for good cause shown.
Upon confirmation of the sale credit
.oFs 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
of such creditors so allowed as cred
its on such bid, and where such claims
are evidenced by notes, drafts. receiy-
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.
titcates or other writings is allowed
as a credit on the bid or bids, and
otherwise the respective creditors
shall make proper entries of credits
thereon which shaft be satisfactory to
the commissioners If desired bv the
purchaser the receivers in said cause
VIII join in and ratify the deed Of con
Feyance 50 to be executed by the com
missione5s, and If requested by the
rus en7scr, the commissioners Vflg