The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-03-24
LEGAL ADVERTISEMENTS.

c6Tllh6Q cneck or cheeks on some bank
in the Southern district of Georgia
designated and acting as a depository
for said court or on some bank in
brunswick, Georgia, payable to the or
der of the commissioners. The cash
or check or checks of unsuccessful bid
ders shall be promptly returned after
the sale. The cash or checks of sue
eessful bidders shall be retained by
the commissioners and applied on the
purchase price upon confirmation of
the sale by the court. Such cash or
checks shall be returned if the sale
should not be confirmed without fault
upon the Fart of the successful bidder.
Creditors of the defendant, individ-
ually or collectively, may submit or
join in bids for either or both of the
aforesaid plants with their appurtenan
ces, and may apply as a credit on any
successful bid or bids any portion of
their respective claims, not to exceed
the amount o. the principal thereof as
shown by the books of the defendant.
If such creditors are parties to sue
.cessful bid they must give bond with
good security approved by the court,
conditioned to pay into the registry Of
the court, upon order of the court, such
proportion of their claim so allowed
on such bid or bids as may be neces-
sary to equalize all other creditors OF
the defendant who are not parties to
such successful bid, such bond to be
also conditioned to pay into the regis
try of the court upon order thereof,
Iany difference between the amount al
lowed such creditors as a credit on
such bids and the amount which may
be judicially ascertained to be actual
ly due such creditors. The liability of
the creditors on such bond being sew
eral and not joint.
Creditors of the receivers in such
cause may also submit or join in bids
for either or both said plants with ap-
purtenances and may apply as credits
upon any successful bid or bids any or
all of their respective claims, princi-
pal and interest, to be first certified
by the receivers to said commission
ers as just and valid. Successful bid
ders must complete payment Of the
entire amount of the purchase price
within thirty days after the date of
confirmation of the sale or sales, or
within such further time as the court
may allow.
All Of said properties will be sold
free from liens, claims or encumbran-
ces Of whatsoever character except
taxes for the year 1914. The court re-
serves the right to order a resale OF
said properties in the event the pur-
chaser or purchasers fail to make
good his or their bid pursuant to the
terms OF the aforesaid decree and Of
the decree Of confirmation.
The aforesaid decree also provides
that the commissioners may adjourn
the sale from day to day CT from one
day to another fixed date, provided
such adjournment shall not be for a
longer aggregate time than two weeks
from the date fixed for the sale, unless
adjournment for a longer period shall
be had by authority and direction of
| he court. Should such adjournment
| u adjournments be taken the commits
| Goners or their representative or rep
| 'osentatives shall make public an
| .Ouncement at the time and place fix
| I'd for the sale Of such adjournment,
! md the time and place thereof, and no
y-her or further notice or announce
ment Of such adjournment is required.
! The aforesaid decree further pro-
tides that if either Of said comm,s-
sioners shall fail to appear at the time
| and place Of such sale the other con-
! missioner shall have the right and au-
,hority to make such sale or to post
zone the same as he may deem best.
| The commissioners and receive" IS
! will afford prospective bidders, or the
representative or representatives OF
such, full, ample and complete oppor-
tunity OF inspecting all and singular
the said properties, property rights
and easements in every reasonable
/ 1IlSlluCIJ anu a. On lCcOOillplC Cl-tI''.'J
and will dc any and all other rels on
able things that within their power lie
to aid and assist prospective bidders
or representative or representatives
OF such.
The purchace price Of said proper
ties must be paid in cash, or in ciaima
against the defendant or the receivers
as provided in Division VI and VII OF
the aforesaid decree, and which d'vi-
sicns are set out in full above, and
payment Of the balance due On sut h
| purchase price after crediting the
amount so deposited by the purcb !ser
at TIC time CT making the bid shall DE
made at sHch time and in such manner
IS shall be provided in the decree Of
confirmation.
This 10th day of March, 1914.
z. w. STETSON,
r. R. HOPKINS,
Commissioners.
COMM SSiONERs SALE.