New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-10
NOTICE OF SALE.


Company I've per cent Cold Mortgage Bond o maid
july /. 1905 due July /. ieB. with all u"p"''
/ coupons thereon
The said sale will bo made in the folo"ins man
ner and upon the following terms and conn'''o"'
All or said securities 50 to he sold will hIst %
offered IN one lot and rs an ennrey ~ a., ,h.
after should any bidder who has dnanneu :" ~,
manner hereinafter provided 40 request ''p
.c,,,,tles .bsI be offered separately IN psrceN 81
abov. listed Thereafter any bidder VINO snaI
have made bid either for all OF sara ','",,'.
az an entirety or for any particular parcel 80
have the right to Increase tne a,n"'', ,,., h,d or
and the undersigned will accept the hishst o'n W
hid. which shall produce the largest aggregate p'o'
cecds 81 sale
No hid shall be received from any bidder Tor any
single parcel who shall not have deposited WIN u'
undcrs gned prior TO Tho time nted fof sucn s-o :,
a pledge that he will mako good ms oih w eA =,
H., acceptance an amount equal TO I'VE per cen. o'
~, ,riurnzl face amount ~ the bonds ineiudeh IN
said parcel either IN cash or IN checH 'e'un''
by a national or state bank or trust COMPANY s''
ate IN the Borough 0f Manhattan ivy .,
York aud no bid shall he received from any p'u"o.
Tor the entire property who shall not have dcpn'ep
With the undersigned prior to the time n'ed io'
such sale as a pledge that he will make goo1 DIS
bid ~ bids. m Of us acceptance. the sum o'
twenty Ave thousand tS2j.o0O) dollars eithet III
cash or In a check certified AZ herrinbeforc pro
yd,,l Any bidder dcposlting the sum OF twenty
Ave tbo,.snd (y2j 0OO) dollars Aforesaid shall be
entitled 10 bid any parcel or combination OF
parcels separately. and oil all the securities a an
entirety.
Any deposit received from any unsuccess'ul bidder
will be returned 10 him when the property shaII DC
struck on.
On acceptance Of any bid. the successful bidder
shall forthwith enter into an agreement IN "Hlhg
with the undersigned IN appropriate form. whereby
he shall bind himself 10 pay the balance Of hls Od
at the onice Of the undersigned. No. y william
Street. New York city. within twenty wv DAYS
after such acceptance. or such additional time as
the undersigned. upon request. may IN writing allow
Any successful bidder upon payment Ia full OF
the purchase price In the manner ana "lhlh ,he
period herein limited shall be entitled to receive
delivery Of the securities which he shall have 50
purchased and All instrument Of conveyance thereof
I'm accordance with the provisions VI saih lfusI
Deed. TO which reference IS hereby made.
In case any successful bidder shall fail promptly
and fully 10 perform any Of the obligations pfoUhed
IN this roticc u be performed by him. the sum de-
posted by such bidder. whether paid Ia cdsh or
represented by check shall forthwith be ana b.come
absolutely the property Of Tie Farmers Loan and
Trust Company as Trustee under the said Deed Of
Trust. not as a penalty imposed upon such bidder.
but as ddudated damages suffered by such trustee
It being expressly agreed by each aud every bidder
that IN such event the damages suffered Oy such
Trustee would be substantial but Incapable OF meas
urement
The purchaser or purchasers shall be entitled TO
turn in. use and apply. in making payment OF the
purchase money by or from him or them hidden
upon such sale. any OF the notes and any OF the
coupons secured by said Deed Of Trust aud at the
time Of said sale maturcd and unpaid. reckoning
such notes or matured coupons for such purposes
At sum equal to and not exceeding that which
shall be payable out Of the net proceeds OF such
sale 10 the holder or holders Of such notes aud
coupons tor his or their just share In that character
OF such net proceed Of sale under due apportion-
1 mcnt of and accounting concerning such net pro-
! cecds after provision shall have been made for the
| payment In cash Of the expenses Of such sale and
| the reasonable compensation OF the Trustee
The right Is reserved to resell the property or any
! portion thereof as to which default IA payment
/ therefor shall be made upon such notice as the
undersigned may determine j. sufficient. or without
notice I'm the event that any purchaser shall TAI or
omit promptly and fully to perform any OF the OBJ
legations IN this notice. or IN the agreement 50 10
! be signed By him as Aforesaid by him required 10
! be performed
The undersigned reserves the right TO adjourn
such sale either as to all said property TO ans
parcel parcels thereof specified In this notice
aud 10 sell upon such adjourned dag. upon such
notice a. Il may IN ifs discretion deem sufficient.
The said sale will be made subject TO all the
terms and conditions contained In this notice.
Dated July 9Th. 1915.
THE FARMERS LOAN AND TRUST COMPANY,
As Trustee under Deed Of Trust Of Jnited Water
s. Light Company. dated April LIST. 1910.
By L. 5. MARST0N.
President.
GIILER ROISTOS & HORAN. Attorneys for said
Trustee. % Exchange Place New York. y. Y.