The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-06-11


in the cities aforesaid for full and
: complete description Of such wood and
: timber rights.
The purchaser will also be entitled
to a transfer. of existing fire or liabil
ity insurance on said properties which
may be in force at the time of sale.
sSaid properties will be offered for
Isale as an entirety, and the aforesaid
ldecree provides that no bid of less
than four hundred and twenty-five
Thousand dollars will be received. Be
lfore any person or persons shall be
Iqualified to submit bid for said prop.
erties he or they shall deposit with
the commissioners as a pledge that he
or they will make good his or their
bid the sum of forty-two thousand,
five hundred dollars in cash or certi-
lied check or checks ON some bank
in said Southern District of Georgia
designated and acting as depository
for said court or on some bank in
Brunswick, Georgia, payable to the
order of the Commissioners who will
receive no bid or bids from any per-
son or persons who fail to comply
with this requirement The cash or
check or checks deposited by unsuc-
cessful bidders will be returned to
| the person or persons making the
same Immediately after the sale. The
cash or check or checks of successful
bidders shall be retained by the com.
missioners and applied on the pur,
chase price upon confirmation of the
sale by the court, and if the success
full bidder upon confirmation of the
sale fails to comply with the bid, III
) cree Of sale and decree OF confirma-
! ton then the amount of sucn deposit
shall be forfeited as penalty and ap-
piled toward payment of the expenses
of another sale and toward making
good any deficiency or loss in case
? the property and subsequent sale
should be sold for less than the price
: bid by such successful bidder, and
e such cash or check shall be by the
r commissioners turned over to the re-
: ceivers in said cause. If the sale
r should not be confirmed, without fault
: upon the part of the successful bid
), der, the amount of such deposit shall
S be by the commissioners promptly re-
e urned to such bidder.
d Creditors Of the defendant will be
o permitted to submit or join in bids for
S said properties under the terms OF
G Division VI of the aforesaid decree
l. which is as follows:
THAT creditors of the defendant, in
: iiyidually or collectively, may submit
= CIR join in bids for either or both OF
> the aforesaid plants with their appur
ltenances, and may apply as a credi
. on any successful bid or bids any por
II ton of their respective claims, not Il
u exceed the amount of the principe
: hereof as shown by the books of thu
u defendant; provided, however, that
u UGH creditor or creditors shall, upoI
II Confirmation of such sale or sales hy
u he court, or within a time named b,
: he decree of confirmation, file bono
/ or bonds with good and sufficient sc
u curity, to be approved by the court il
u an amount or amounts to be fixed b.
70 he decree of confirmation, condition
st ed to pay into the registry Of the cour
y upon order of this court in the afore
IS said cause, such proportion of thei
III respective claims so allowed as a cred
8 t on any such successful bid or bid
IS as may be necessary to elualize al
+ other creditors of the defendant no
g. parties to such successful bid or bids
u to secure the eventual payment t.
e such other creditors in cash the sans
II proportion of their claims as purchas
fling creditors will receive as credi
on their successful bid or bids, II
the event all creditors should not fo
any reason be paid in full the principa
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
itors as a credit or credits on sucl
successful bid or bids and the amour
it may be judicially ascertsined was
luSIudily Quc outu pun cildbluR cTBulL
ors; the liability of the individual cree
itors making such bond as principals
to be several and not joint with other
redttors Tho may for convenience joir
the same bond and the maximum LA
bility of each principal to be fixed BY
the amount OF his claim so allowed. I
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 thei,
surety or sureties, and any order So
entered in said cause shall have thu
anne 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: