The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-06-16

DIVISION vi OF tue dlOfeSdlu ueCFec,
+ which is as follows:
> THAT creditors of the defendant. In
d iividually or collectively, may submit
sor join in bids for either or both of
the aforesaid plants with their appur-
tenanees, and may apply as credit
ON any successful bid or bids any por-
ton of their respective claims, not to
, exceed the amount of the principal
hereof as shown by the books of the
defendant; provided, however, that
UGH 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
or bonds with good and sufficient Sc
teurity, to be approved by the court in
an amount or amounts to be fixed by
he 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.
on any such successful bid or bids
las may be necessary to elualize all
olhST SICuituIS VI tue uStcHudHt HOt
parties to such successful bid or bids,
to secure the eventual payment to
such other creditors in cash the same
proportion of their claims as purchas-
ing creditors will receive as credit
Jon their successful bid or bids, In
the event all creditors should not TO-
: iany reason be paid i'll 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-
aid cause, any difference between the
amount allowed such creditor or cred
Eitors as credit or credits on such
successful bid or bids and the amount
tit may be judicially ascertained was
.actually due such purchasing credit
,ors; the liability OF the individual cred
, litors making such bond as principals
ito be several and not joint with other
reditors Tho may for convenience join
i Il the same bond and the maximum lia-
I ibility of each principal to be fixed by
9 1.-THE amount of his claim so allowed. 1t
t lis expressly decreed that the court
shall have the right to enter an order
{ fixing the amount due by any princi-
n pal or principals on any such bond
5 or bonds upon ten days notice to such
s principal or principals and his or their
r surety or sureties, and any order SO
). entered in said cause shall have the
l. ame binding force and effect against
e all parties as a money judgment, and
Ii may be enforced in the same manner
= Creditors of the receivers of the de-
d PENDANT may submit or join in bids for
d said property under the terms of ID.
d vision VII of the aforesaid Decree
which is as follows:
d That creditors of the receivers in
l. the cause aforesaid may submit OF
h join in bids for either or both of tho
e. aforesaid plants with their appurteh
II ances, and may apply as credits upon
ID any successful bid or bids any portion
IS of their respectiyey claims not to ex
'e5ceed the full amount daia them by the
& receivers, principal and interest, as
'e shown by the books and records Of
p the receivers, to be first certified by
h isaid receivers to said commissioner
e as just and valid claim or claim.
If against said receivers
1, The successful bidder or bidders is
l. required by the terms of the aforesaid
k decree to complete payment of the en-.
a tire amount of the purchase price bid
y within thirty days from the date OF
n the confirmation OF sale or within such
I'm nc hn oil
II on application of the purchaser or
r purchasers for good cause shown.
y Upon confirmation of the sale credit
# lors of the defendant or OF the recelv-
= ers who are parties to the purchase
o Ishall before or simultaneously with
e the delivers . the deed OF conveyance
e by the AN ssioners execute to the
Il commissioners proper discharges and
/. Iacquittances of the respective claims
r of such creditors SO allowed as cred
e is on such bid, and where such claims
s. are evidenced by notes, drafts, receiv-
Q ers' certificates or other writings the
n same shall be cancelled and delivered
= up to the commissioners In all cases
l-iwhere the whole amount represented
Il iby such notes, drafts, receivers GER
}, ificates or other writings is allowed
S as a credit on the bid or bids, and
g otherwise the respective creditors
g shall make proper entries of credits
e thereon which shall be satisfactory to
g the commissioners. If desired by the
d purchaser the receivers in said caus
G will join in and ratify the decd of con
3. veyance SO to be executed by the com.
e missioners, and if requested by the
i purchaser, the commissioners will
l. lsign, seal and deliver in the
II corporate name and behalf of the de.
? PENDANT company writing joining
n and ratifying such deed OF convey
e ance. Upon confirmation OF the sale
# land completion of the payment of The
If purchase price and full compliance b;