The Birmingham age-herald., 1914-04-25
Auction Sale Birmingham Oil Company,
 Birmin h ham, Ala

DiTmiuxn nuns A1a.
 Will sell all of its assets at publia sale at the office of the company To- cated at Fortieth street and Twelfth avenue, East Birmingham. in Birming- ham, Ala, commencing at 10 o'clock a. m.. Wednesday, May 20, 1914
 All the assets of the company, includ- Ing real estate, personal property, bills receivable, accounts receivable, etc, are to be sold at public auction. The prop erty to be sold includes real estate with Improvements consisting of buildings. machinery, complete equipment for manufacturing crude cotton seed oil. cake, meal, hulls and linters, office building with furniture, accounts, SUD- plies. etc.
 The assets have been divided and will first be offered for sale in par cels and then will be offered for sale as an entirety. The highest and bes1 aggregate bid will be accepted and the property knocked down and absolutely sold to the person or persons making the highest bid or bids under the terms of sale. Any creditor or creditors of the company shall have and be accord ed the right to pay the amount of his bid or bids pro tanto by the surrender of Indebtedness owing by the Birming- ham Oil company at par value and in- terest accrued to date of settlement or the extent to which said indebtedness would share in the general distribution of the net proceeds of any such sale in lieu of cash.
 Terms of sale: As evidence of good faith. each bidder will be required to deposit at the time of sale in cash or certified checks or evidence of in debtedness owing to creditors by the company ten per cent G0 per cent) of his bid or bids, remainder payable as follows: Personal property, in cash on delivery; real estate and Improvements in cash or at purchasers option, one third G-3) dncluding deposit) in cash on delivery of title papers, two-thirds (2-3) in one year: all deferred pay ments to bear interest at the rate of per cent per annum from date of sale. payable semi annually, until paid, and payable at purchasers option at any time prior to maturity.
 All deferred payments are to be se- cured by purchase lien notes in case of real estate, buildings, machinery, etc, and by other satisfactory secur- ity and of such form and substance as may be satisfactory to sellers.
 A continuous default for 30 days In the payment of any installment of prin- cipal or interest shall render all in- debtedness of the person in default due and payable
 Additional detailed information re- garding the assets to be sold will be
  CTS upon application to the officers or the company.
 AS divided into parcels the property to be sold is as follows:
 BIRMINGHAM REAL ESTATE.
 Beginning at point where the eas. boundary line of the Louisville and Nash vile right of way intersects the south boundary line of the G. P. railway right of way; thence along the south boundary line of the G. P. railway right of way south seventy GO) degAees, east dis tance of tweve hundred and twenty O22O) feet more or less to (King Land & Im- provement Co.) boundary line; thence three G minutes and twenty-one (2D seconds south four hundred twenty-five (425) feet; thence north seventy-four (7D degrees. west twelve huhcred and twenty five Q220 feet more or less to the Louis- vile and Nashville railway right of way at point three hundred and ten (s10) feet south of point of beginning; thence north one Q) degree three (O minutes. north along said Louisville and Nashville right of way three hundred and ten (310) feet to point of beginning, in all ten acres of land more or less situated in the east # of the southwest A and west M of the southeast A of section 19. township IT, range west in Jefferson county. Ala bama, including all buildings and ma-