New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-07-08
NOTICE OF SALE.

ceved from any bidder for the entire property who
shall not haVs deposited with The undersgneh priof
% tho time fired for such sale ~ pledge tnat ne
will make good bis bid or bids. In case on is n-
ceptance tho sum ~ twenty Eve thousand t25OOO)
dollars either In cash or In a check certified a.
herelnbefors provided Any bidder depositlns he
sum OF twenty five thousand 1876. OOol dollars as
aforesaid shall be entitled to bid on any parcel or
combination Of parcels separately. and on all me
securities an entirety.
Any deposit received from any unsuccessful bid
der viii he returned 10 him when the property
shall be struck On.
on acceptance Of any bid. the successful bidder
shall forthwith enter into an agreement 10 writing
with the undersigned In appropriate form. whereby
he shall bind himself 10 pay the balance OF his
bid at the Office Of the undersigned No. % william
Street New York City. within twenty (20l DAYS
after such acceptance or such additional time as
the undersigned. upon request may Ia writing allow
Any successful bidder upon payment IN full Of
tho purchase price In the and within the
period herein limited shall be entitled to receive
delivery o; the securities which he shall have 20
purchased. and an instrument Of conveyance thereof
IN accordance with the provisions o. said Trust
Deed. to which reference is hereby made.
IN case any successful bidder shall fail promptly
and fully 10 perform any Of the obligations pro-
vded IN this notice 10 be per,Orned by him. The
sum deposited by such bid Ter. whether paid In
cash or represented by che X. shall forthwith be
and become absolutely the property Ct The Farm
ers' Loan and Trust Company. Trustee under
the said Deed Of Trust. not a penalty imposed
upon such bidder but lquidated damages SUI
fered by such Trustee II being expressly agreed by
each and ever bidder that IN such event the dam
ages suffered b. such Trustee would be substantial
but incapable OF measurement
The purchaser or purchasers shall be entitled ~
turn IN. use and apply. M making payment Of the
purchase money by or from him or them hidden
~
coupons secured BY said Deed OF Trust and at the
time OF said sale metured and unpaid. reckoning
such notes ma'ured coupons for such purposes at
a equal 20 and not exceeding that which shall
DO payable on; Of the net proceeds Of such sale 20
tho holder or holders Of such notes and coupons for
his their Just share in that character Of such net
proceeds Of sale under due apportioEment OF and
accounting concerning such net proceeds after pro-
vision shall have been made Tor the payment in
cash Of tie expenses o. such sale ard the reason
able compensation Of tho Trustee
Tie night Is reserved 10 resell the property or
any portion thereof az 20 which default b pay
f4rnt therefor shall he made upon such notice as
the undersigned determine IS suhicient, with.
Out notice. In the event that any purchaser shall fail
omit promptly and fully 20 perform any Of the
Quotations "a tAis notice OF IN ne agreement 50
70 DO performed
The undersigned reserves the right 70 adjourn
such sale either as 70 al said property or as 70
tice aud TO sell upon such adjourned day upon
such notice as It may IN It's discretion deem sum
ccnt.
The said sale viii be made subject 10 all tho
terms and conditions contained in this notice.
Dated July 9Th. 1915.
THE FARMERS LOAN AND TRUST COMPANY.
As Trustee under Deed Of Trus; Of United Water
s Light COMPANY. dated April lst. 1911.
By L. s MARST0N.
President
GELLER. ROLsTON & KORAN. Attorneys for said
Trustee. % Exchange Place New York. y. Y.