New-York tribune., 1916-07-17


Railroad Company New Or
leans, Texas and Mexico ~
vision First Mortgage Five .s.stsl0
Per Cent Bonds ......,..".
Kansas city. Fort scott
Memphis Railway Company
beiund,ns MO-. M1.'s'se 10000
ST. Louis and San Francisco
Railroad Company Chicago
Eastern Illinois Common IN ooo
Stock Trust Certificates. |V''''
St. Louis. Memphis and South-
eastern Railroad Company
first Mortgage four 40 900
Cent. Bonds ....s..+-ss s.-s't ,-.,-.t rs.
As more fully provided BY said tlnai ~
cree, 10 which reference is herety mar r.,,,a
/ Said sale Will be made without yaiSS y.,oa
tlon aupraisement. redemption or rht'nH'"s',
IT. The Special Master may adjourn ~ "
postpone said sale, and may. without he
notice or advertisement. proceed WIN - ~,
sale on any ' 10 which the sane may
have been adjourned ,~.1e.
III ANY Of the trustees or the NO, ts'o,I
or other instruments mentioned In SAID lns'
Decree or any holder Of Refunding bonns,
or any holder Of General Lien Bonds' oi any
creditor or any siockholder OF inc 49,.
ant Railroad Company. or any parry 10 i,,,&er, &
consolidated cause or TO any constr - ~.
cause may bid at the sale. and " a SUI
cessfu bidder may purchase In MS us VI
their own right. -
entirety or In parcels. will. IN 50 far as mo
lien OF any OF the instruments speclnen u,
Article Fourth Of said Final Decree co'ets
any OF said property. be sold SUBJECT 10 '''
lien OF Ssch instruments. ,,
Y. said sale will he made In the fo'o"
ing manner. .-,y
The Special Master. unless the properly
embraced In the trust Agreenfnt OF 1Ius r
/, 1911. securing the Two Year tlve re,
cent Secured Colo Notes Of the deiendar.
Railroad Company shall previously .r.i,s.
Agreement. will first offer said property for
sale. separately and as an entirety. Guy SUI,
Joct 10 said Trust Agreement me Spe1'a, 80,
Master will accept the highest and bes' oii oid
received therefor and will knock down said
property 10 such bidder subject 10 eornrnia-
tion OF the sac by the Court
The Special Master. unless the properly
embraced in the Trust Agreement Of S-p-
tember g. 1912 securing the TWO Year SIX
Per cent. Secured Gold Notes OF the ds
fendant Railroad Company shall preVi"osly
have been sold in enforcement Of said y rus,
Agreement will next offer said property
for sale separately and an entirety, nut
subject 10 said Trus, Agreement. The Spe
cial Master will accept the highest ana
bes, bid received therefor and wlh i;S., hnooH
down said property TO such bidder suDJsc'
to confirmation Of the sale by the Court.
The Special Master will next orer for saie.
separately and as an entirety. the securities
pledged 20 secure the promissory note or
the defendant Railroad Company held by the
complainant North American Company Inc
Special Master VIII accept thu highest ana
est bid received therefor and will knock
TO confirmation OF he sale by the Court.
The Special Master Will then offer for sale
the remaining property OF the detehian'
Railroad ComIany IN the following manner,
and all bids for any parcel or sub-parcel
In which the same NAV be so offered Nil ue
received and noted only on condition that
the same may subsequently be offered as
hereirafter provided:
(a) The Special Master will offer for sale,
separately and as an entirety all otheT
property OF the defendant Railroad Company
I'D n
subject TO the lien OF either the Refunding
Mortgage the General Lien Mortgage or
the defendant Railroad Company. to Wiz
the property described in Article Twenty
ninth of said Final Decree. and will note the
highest bid therefor.
(b) The Special Master will then offer for
sale all the property by said Final Decree
adiudgei 10 be embraced in el1ker said Re-
funding Mortgage or said General Lien Mort
gaze ahd described IN Article Twenty-siNth
and Article Twenty-seventh OF said Final
Decree OF said property he VIII first oner
for sale. separately and as an entirety. the
property by said Final Decree ad'udged 10 be
embraced in said Refund!ng MortSaGe 20
wit the property described IN Article Twen-
the highest bid therefor. He viii next
offer for sale. separately and as an entirety.
the property by saia tlnal Decree adludgea
20 be embraced In said General Lien Mort
gage. other than the property by said FINAL
Decree adjudged % be embraced In said Re-
funding MORTGAGE and will note the highest
bid therefor lie will next offer for sale
separately and as an entirety. all said prop
erty by said Final Decree adludged 10 be
embraced in either the Refunding Mortgage
or the General Lien Mortgage and Will note
the highest bid therefor. II the highest bid
received for 81 said property when offered
for sale as an entirety shall equal or exceed
the aggregate OF the several highest bids
therefor when offered for sale In said two
sub-parce'- then the Special Master Will can
eel tie bids no'cd for such sub-parcels and
note only tbs highest bid for said property
as an ,ntirety H. however. the highest bid
received aid noted FOR said property as an
ent..cty shall be less than the aggregate
amount OF the several highest bids for said
pronertv when offered In said two suo-parcels
then the Special Master Will cancel the bid
noted for said nropertv an entirety and
will note only the highest bids for said sew
eral respective sub-parcels.
,D The Special Master finally will sepa-
ratel, offer for sale an entirety the prop
erty o, the defendant Railroad Company
specified in Article Twenty-siNth. Article
Twentv-seventh and Article Twenty-ninth OF
said Final Decree and VIII no. the highest
II the highest hid received FOR said prop
ertv OF the Pailroad Company when Of
feed FOR sale as an entirety snail equai or
exceed the aggregate ot the several highest
bids therefor when offered FOR sale in par
cells as In subdivision tal and subdivision tb)
Of This Paragraph Y provided. then all said
property Will be stricken OF and sold as an
entirety 70 the highest bidder therefor. II,
however the highest BID received aud noted
FOR said uropertv 81 an entirety hall he less
than the aggregate amount Of the several
highest lids for said property when offered
f., psrcels as I'm subdivision Ia and suhdi-
vision (b) OF this Paragraph provided. then
the several Parcels offered for sale viii he
stricken OF and sold 70 the highest bidders
for said respective Parcels.
VI. The Special Master Will accept no bid
from any one Offering to bid who shall not
prior TO any offering by the Special Master
TOR sale deposit with the Special Master
and deliver 10 him as a pledge that he VIII
make good his bid IN the event OK its ac-
CtptanCe.
A In case Of the property pledged 10 the
complainant North American Company, the
sum OF 500 000 In cash or certified check
some national bank or trust company In
the city OF New York or In tn City or -.
Louis acceptable 10 the Specia. Master and
made endorsed payable 10 nj order. or
said promlssory note endorsed 70 the order
OF the Special Master or assigned TO him
B. In case OF the property embraced In
the Refunding Mortgage. the sum OF $500
coo in cash or certified check on some ma
tiona bank or trust company IN the city
OF New York or in the City OF ST Louis
acceptable 10 the Special master and made
o. endorsed payable TO his order or 81 5OO.-
600 face amount OF Refunding Bonds In
bearer form. and II coupon bc Ids, accom-
Ianied by the coupon OF July 1. 1914, and
all subsequent coupons. such q ,Lost may te
rarity tn cash certified check and partly
In Rcfundng Bonds. but In the same reia-
tive proportions;
c. In case Of the property embraced in
The General Lien Mortgage other than prop
erty embraced In the kefundng Mortgage.
The sum OF 100000 IN casn or certified
check as aforesaid. or 81 200 90 face amount
OF General Lien Bonds In bea 'ei form. and
J. coupon bonds. accompanied b. the coupon
Of May l. 1914. and all subsequent coupons
such deposit may be partly In cash or certi-
fed check and partly IN Genera Lien Bonds
but In the same relative proportions.
u In case Of all property embraced In
either the Refunding Mortgage or the Cen
e-a Lien Mortgage as an entirety. the sum
OF 100000 In cash or certified check
aforesaid or the aggregate OF bonds OF the
character and 10 the amounts as would be
required under the foregoing clauses b and
In order 10 qualify such persons 10 bid
FOR said property when offered for sale in