New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-24
NOTICE OF SALE.

Company fse per cent Colo Mortgage Bonds u a.,,dd
July /. 1908. due July l. 1875 Win I'll u"'''
coupons thereon.
The sad sale will be made IN the following n'''''
ncr and upon the following terms and CONDITIONS
Al N said securities SO TO be sold VIII hfs' ~
offered In one 10, and as an enureV anu ,s.
after should any bidder who has pualneh W w.
manner hereinafter provided so request. ue sAu
securities shall be offered separately IN pafces ~
above listed Thereafter any bidder VINO shai'
have made a bid either Tor all Of said ,e'u'lr,s
az an entirety or for any particular parcel. shsi
have the right 10 Increase the amount OF ms Diu,
and the undersigned will accept the highest p'u "
bids which shall produce the largest aggregate pfV
cecds Of sae.
No bid shall bc received rom any bidder FOR any
single parcel who shall not have deposited WIN wv
undersigned prior TO the time fixed Tor sneh sac =,
4 pledge that he will make good MS bid III c"Se
rs acceptance an amount equal 10 i've per cent OF
the prnripal face amount Of the bonds Included IN
said parcel. either IN cash or In CHECK cefuu'u
by national or state bank or trust company stu
ate In tho Borough Of Manhattan. CITY OF Ne"
York and no bid shall be received from any blddef
for tho entire property who shall not have depositen
with the undersigned prior to tho time h'ed iof
such sale as a pledge that he will make goo1 ms
bid or bids IN case Of It's acceptance. the sum OF
twenty -Gye th0usald (f2j.0OO) dollars, elmer III
cash or In a check certified az hefelnbetore pro-
videI Any bidder depost!ng the sum OF twenty
entitled 10 BID airy parcel or combination OF
parcels separately and Oh all the securities as an
entirety.
Any deposit received from any unsuccessful bidder
viii be returned to him when the property shall be
struck on
On acceptance Of any bid. the successful bidder
shall forthwith enter into an agreement In wiring
with the undersigned In appropriate form. whereby
ho shall bind himself 10 pay the balance OF ms bld
at the Office Of the undersigned. No. y William
Street. New York City, within twenty 900 days
after such acceptance. or such additional ume as
the undersigned. upon request. may IN writing allow.
Any successful bidder upon payment In full Of
the purchase price In the manner and within the
period herein limited shall be entitled 10 receive
delivery Of the securities which he shall have 50
purchased and an instrument OF conveyance thereof
IN accordance with the provisions Of sad Trust
Deed. TO which reference Is hereby made.
In case any successful bidder shall fail promptly
aud fully to perform any Of the obligations provided
In this rotice - be performed by him. the sum de-
posted By such bidder. whether paid In cash or
represented by check shall forthwith be- and become
absolutely the property Of The Farmers Loan and
Trust Company Trustee under the said Deed Of
Trust, not as a penalty imposed upon such bidder.
but idudated damages suffered By such Trustee.
Il being expressly agreed by each aud every bidder
that IN such event the damages suffered By such
Trustee would be substantial hut incapable Of meas
uremcnt
The purchaser or purchasers shall be entitled N
turn In. use and apply. I'm 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 Ct Trust aud at the
time o. said sale matured and unpaid. reckoning
such notes matured coupons for such purposes
at A sum equal to and not exceeding that which
shall be pas able Oht OF the net proceeds Of such
sale 10 tho holder or holders OF such notes and
coupons tor his their just share IN that character
Of such net proceeds Of sale under due apportion-
ment Of and accounting concerning such net pro-
cecds after provision shall have be'n made for the
payment IN cash Of the expenses Of such sale and
the reasonable compensation Of the Trustee
Tie right IS reserved to resell the property or any
portion thereof to which default In payment
therefor shall be made upon such notice the
undersigned may determine Is sufficient. without
notice m the event that any purchaser shall fsi or
omit promptly and fully to perform any OF the OBJ
legations IN this notice. In the agreement TO
be signed By him Aforesaid by him required to
be performed
The undersigned reserves the right 10 adjourn
such sale either to all said property as to any
parcel or parcels thereof specified in this notice.
and 70 sell upon such adjourned day, upon such
notice as 1t may in It's discretion deem sufficient.
The said sale VIII be made subject to all the
terms aud conditions contained In this notice.
Dated July 6th 1915
THE FARMERS LOAN AND TRUST COMPANY.
As Trustee under Deed Of Trust Of United Water
& Light Company. dated April Isl. 1910.
By L. S. MARSTON.
President.
G;.LLER. ROISTON & KORAN. Attorneys TOR said
Trustee. % Exchange Place New York. y. Y.