New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-23
MASTERS SALE.

oscar Jones ana Nallle '"m.s. nail
to the Indiana. Decatur western m 1,her
vay Company, by deed dated December
H. 1901: mot recordedl. ...-cat
IT, All that certain lot, piece OF ,p%ga,
Of land, situated In the County or busav
state of Illinois conveyed by Georse w.
Hughes to the Indiana. Decatur MeSte,ran
halfway Company by deed dated june ~
1899, and RECORDED IN BOOK ii@' P"e
"a All that certain lot. piece or paree,,
Of land situated in Tuscola, county Nv %,
Douglas state OF I II,nols r. so" r. CO. 70
he Cincinnati. indianapolis western
railway Company by deed dated June me- a..
1904. and recorded IN poo Illinois
Il All that certain lot. piece or Par.ei
OF land situated In the county , 9I Ia
state Of Illinois. conveyed ny
Plerson to the Indiana, Decatu, w., ia
iSes and recorded in Book 10. page o.
Piatt County. Illinois. 800,
Is. All that certain lot. piece or prce
n, land situated in the County OF Macon,
STATE of Illinois. conveyed by Louisa
Jokisch. Bertha T. Zimmerman. Edwin w.
Jotisch and celia ~ Joklscnnii rn nrS
nor husband Paulina NJ Sleeter ana
Charles w. Sleeter, her husDahu' anu
lydia T.. Sleeter. to the Sprlngheld r.
catur n. r. Company. by deed dated May
% 1902 and recorded in Book ~ OF
Deeds. page ZIG. Macon County: LIMOS
and in Book le3 OF Deeds. page 81. sansa-
mon County, IllinoiS , - .or.ot
II. All that certain lot. piece or parcei
Of land situated in the County OF Macon,
state Of Illinois. conveyed ny JONI pi1 -
and Sarah Black to The Sprinsh ns .ug w
4 1902 and recorded In Book III. page
iS4, Macon County. Illinois. .
v locomotives; - passenger passeh
ger and baggage. mail and baggage an d
baggage coaches; 1886 freight cars ana
~ miscellaneous cars. -
VI All trackage. crossing ana o,neI
contracts more particularly mehtioheu "'iu
described In said decree. -, A.,
Said property will be offered for sale In
one block or parcel
The said property will be SOLD suDJect
n the lien OF any and all taxes assess.
uents and water rates levied or assessed
against the mortgaged properly or any
part thereof, and subject 10 any otneI s'as
utory liens against the said property OF
any mart thereof which are or may ne
chargeable upon said property OF any
part thereof prior to the lien OF the mort
gage and deed OF trust dated NVneit ,rIa
l. 1895. executed and delivered by Inc
Indiana Decatur and Western Railway
Company to Central Trust Company OF
New York and Augustus l. Mason as trus-
tees and the supplements thereto me
said property will however be sofa Tree
and clear OF any and all debts: claims
and charges other than those speclhed. anu
any and ALL such debts, claims ana chdrBes
which may hereafter be adJudged 10 De
prior or superior to the said mortgage
and deed Of trust and SUPPLEMENTS thereto
shall be payable out OF the proceeds Oh
sale OF the said property all questions re-
lating to the priority or superiority OF any
and all such debts. claims ana charges
being reserved for future determination
except in so far as the same have been
determined by order OF the above-named
court in this cause dated May q, 1919.
The undersigned will receive no bid from
any one Offering to bid who snail nor u"-
post, at least twenty-four hours before the
time appointed for such sale, with the un-
dersigned as a pledge that he VIII MAKE
good his bid in case OF its acceptance, the
sum Of $4,000 cash or by certified cheek
on some national bank or trust company
OF the city Of New York acceptable 10 the
undersigned made or endorsed payaoie 70
the order OF the undersigned as Special
Master or in lieu thereof S5O,OOO race
amount OF the First Mortgage Five Per
Cent Gold Bonds OF The Indiana, De-
catur and Western Railway Company Is
sued under the mortgage and deed OF trust
dated November /. 1895, and its supple
ments, between The Indiana. Decatur ana
Western Railway Company, ana CehtraI
Trust Company Of New York and Angus
J.. Mason Trustees, II in bearer FORM
and accompanied by the coupon due July
!, 1914. and all subsequent coupons ouCh
deposit. however. may be made partly in
cash or certified check. and partly In
bonds, and in the above relative proper
tons The undersigned will accept no
bids for the property for less than me
sum OF sl.4O6 900. He will accept the
highest and best bid received tequal 10 or
exceeding the said sum Of sl,4OO.O OO) when
offered Aforesaid ana Will hHoCh uo"h
the property sold to such bidder. subject
to cOnfirmat ton Of the sale by the Court.
on the acceptance Of any bid by the I'M
dersigned. the bidder whose bid snail nave
been accepted must forthwith deposit with
the undersigned. in addition TO the cash
or bonus deposited IN order 10 qualify MIN
70 bid. the additional sum Of $4,000 In
ash or by certified check on some national
bank or trust company OF the city OF New
York acceptable 10 the Undersigned made
or endorsed payable 10 the order or the
undersigned. as Special Master. or IN lieu
thereof $4,000 face amount or the sald
First Mortgage Five Per Cent Gold Bonds
Of the Indiana, Decatur and western RalI-
way Company. II in bearer form ana ac-
companied by the coupon due July l, 1919
and all subsequent coupons. such addl-
tiona deposit. however. may be made
partly in cash or certified check ana
partly in bonds. but in the above relative
proportions. The deposit received from
any unsuccessful bidder will be returned
to him when the property shall be struck
off. The deposits received from the sue
cessful bidder will be applied on account OF
the purchase price. In lieu OF any deposit
of First Mortgage Five Per Cent Gold
Bonds as aforesaid with the undersigned, he
NAV accept the certificate OF Central Trust
Company Of New York that 1t holds sub
Ject to his order and direction. the amount
specified in said certificate or said Bonds
in bearer form and accompanied by the
coupons therein stated. Any owner or
holder of any OF the First Mortgage Five
Per Cent. Gold Bonds issued under said
purchase at said sale. The right Is re-
served TO the Court to reject any or all
bids received and to confirm and direct the
consummatiOn OF any sale IN accordance
with the provisions OF said decree. In case
any bidder shall fail to make the addl-
tional deposit either in cash or check or
in said Bonds heretnbefore required, or
after such acceptance TO comply within
the period of twenty days with any order
Of the Court relating TO the payment
thereof on the completion Of the purchase.
he
bidder as hereinbefore provided, whether
in cash or by check or by First Mortgage
Five Per Cent. Gold Bonds. will be for
feited as a penalty for such failure and
will be applied towards the payment OF
the expenses Of a resale and toward
making good any deficiency or loss In
case the property shall be sold at less
price on any such resale and TO such
other purposes the Court may direct
II the Court shall not confirm the sale the
deposits made by the accepted bidder Will
forthwith be returned to such bidder. The
purchaser must on confirmation OF the
sale by the Court make such further pay
ment or payments in cash on account or
the purchase price as the Court may from
time to time direct. So much OF the pur-
chase price may not be required by
the Court to be paid in cash may either
be paid in cash, or the purchaser may sat-
isfy and make good such residue OF his bid,
in whole or in part by turning over 10 De
vided First Mortgage Five Per Cent. Gold
Bonds Of The Indiana. Decatur and West
ern Railway Company, secured by the said
mortgage and deed OF trust dated Novem-
Der l. 1895. and the coupons thereunto APP
pertaining which matured July /. 1914.
The said purchaser Will be credited on &C
count OF the purchase price for First Mort
gage Five Per Cent. Gold Bonds and
coupons turned in as aforesaid with such
sums as would be paid IN cash upon such
First Mortgage Five Per Cent Gold Bonds
and coupons respectively out Of the pro-
ceeds Of sale. II the whole amount Of the
purchase price mad been paid in cash. The
right is reserved to the Court TO re-take
and resell the property upon such no
tice as II may direct. at the risk and
cost OF the purchaser. in case the pur-
chaser shall fail or omit 10 make any
payment on account OF the purchase price
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