The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-03-10
LEGAL ADVERTISEMENTS.


thousand dollars will be received. Be
fore any person or persons shall be
qualified to submit bid for said prop
critics 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 CERT
fed check or checks on some banR
in said Southern District of Georgia
designated and acting as a depository
for said court or on some oank IL
Brunswick, Georgia, payable to the
order of the Commissioners who will
receive no bid or bids from any per
son or persons who fail 20 comply
with this requirement. The cash CT
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 in
accordance with the terms of the de-
cree of sale and decree of conhrma-
ton then the amount of sucn deposit
shall be forfeited as a 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 a subsequent sale
should be sold for less than the price
bid by such successful bidder, and
such, cash or check shall be by the
commissioners turned over to the re-
ceivers in said cause. If the sale
should not be confirmed, without fault
upon the part of the successful bid
der, the amount of such deposit shall
be by the commissioners promptly re
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
GTidually or collectively may submit
or 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
he court, or within time named by
he decree of confirmation, file bond
or bonds with good and sufficient Sc
curity to be approved by the court In
an amount orsamounts to be fixed by
the decree Of confirmation, condition
ed4to, pay. into the registry of the court
upon order 81 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 eIullize ali
other creditors of the defendant not
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 a credit
on their successful bid or bids, in
the event all creditors should not fc.
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-
I'D 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
the same bond and the maximum LA
bility Of each principal to be fixed by
the amount of his claim so allowed, II
~ S"DA ODDLY uCSlGSu LIldL Tie court
shall have the right to enter an order
hiking 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 haze the
same binding force and effect aga INST
all parties as money JUL = ~, ard
may be enforced in the same manner"
Creditors Of the receivers O. ,h3 d.
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
Join in bids for either or both of the
aforesaid plants with their appurten-
ances, and may apply as credits upon
any successful bid or BIDS any portion
OF their respective claims not to ex-
coed the full amount due them by the
receivers, principal and interest, as
shown by the books and records or