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

the office of Hanun Gardner,
in First National Bank, Gulf
ort, Mississippi, and the OF
fee of R. R. Hopkins & Son, Number
1916 Newcastle street, in the city of
Brunswick, Georgia, and at the odlce
of the Ohio Savings Bank & Trust
Company, Ohio Building, in the city
Of Toledo, Ohio, and at which places
said copy decree is open to inspection
of all prospective bidder or bidders
Or representative or repres entatives
of such, and of any and all other par
ties at interest during business hours.
Reference is hereby had to the origin
al decree of sale on file in the office
of the clerk of said court, at Savannah
Georgia, and to said copies of said de
cree so on file at the off1ce5 designated
in the cities aforesaid for a full and
complete description of such wood and
timber rights.
The purchaser will also be entitled
to transfer of existing fire or liabil-
ity insurance on said properties which
Said properties will be offered for
sale as an entirety, and the aforesaid
decree provides that no bid of less
than four hundred and twenty-five
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 certi-
fed check or checks on some bank
in said Southern District Of Georgia
designated and acting as a 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 70 comply
with this requirement. The cash or
check or checks deposited BY unsuc.
cessful bidders will be returned to
| the person or persons making tho
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 CT the
sale fails to comply with the bid in
accordance with the terms CT the de-
cree of sale and decree Of confirma-
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 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
iiyidually or collectively, may submit
or join in bids for either or both of
1.-THE aforesaid plantSswith their appur-
tenances, 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
thereof as shown by the books OF the
defendant; provided; however, that
UGH creditor or creditors shall, upon
Confirmation Of such sale or sales by
he court, or within time named by
he 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-
Sdiu Cduob, 5uCll pICDUlJiOH Dl IuSlT
respective claims so allowed as cred
! it on any such successful bid or bids
as may be necessary to elualize all
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 pilrchas
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-
aid cause, any difference between the
amount allowed such creditor or cred
itor3 as credit or credits on such
lsuccessful bid or bids and the amount
| it may be iudicially ascertained was
actually due such purchasing credit
ofs; the liability of the individual cred
itors making such bond as principals
to be several and not joint with Other
reditsrs who may for convenience join
Il IL e