New-York tribune., 1916-07-03
NOTICE or SALE

Ilrnlfo
Railway Company First Mort .
gage siI Per Cent. Bonds sEs'"
81. Iou- and ean Frsncisoo
Railroad Company New Or
leans Texas and Mexico Dl-
vision First Mortgage Five
Per Cent Bonds ds.........": B'''i'"
Kansas City. Fort Scott
Memphis hallway Company
Refunding Mortgage -Four
Per Cent Bonis ............ loe'oos
81 Loui. and San Francisco
Railroad Company Chicago
Eastern Illinois Common
stock Trust Cortincates. fo'ooo
II. Louis. Memphis and South
eastern Railroad Company
First Mortgage -Four Per $1,000
As more fully provided by said Final Do
cree. to which reference is hereby made
l. said sale will be made without vslua-
n The Special Master may adjourn or
postpone said sale. and may. without further
notice or advertisements proceed win tne
sale on any - TO which tho sane may
III Any Of ths trustees OF tho mortgase,
or other instruments mentioned In said Final
Docres any holder Of Refundins bonns.
or any holder Of General Lien Bonds. N any
creditor or any stockholder Of tho defend
ant Railroad Company, or any party 10 the
consolidated cause or 20 any constituent
cause. may bid at tho sale, and II sue
cessrul bidder may purchase in his. IT'S or
their own right
". said property whether sold as an
entirety or In parcels. will In - far ss the
lien OF any Of tho Instruments specified IN
Article Fourth Of said Final Decree covers
any Of said property. be sold subject TO tho
lien Of such instruments
V Said sale will be made in the follow
ing manner:
The Special Master unle. thu property
embraced in the Trust Agreement ~ June
l. 1911 securing tho Two Year Five Per
cent Secured Colo Notes OF the defendant
Railroad Company shall previously M nav
been sold IN enforcement OF said Trust
Agreement. will first offer snii property Tor
sale. separately and as an entirety. but SUD,
ject 10 said Trust Agreement The Spec'sI
Master will accept the highest and best bid
received therefor and Will knock down said
property 10 such bidder subject 20 ooEfrrna-
tion OF tho sac by the Court.
The Special Master. unless the property
embraced in the Trust Agreement Of sep
tember 3 1912 securing the TWO Year SIX
Per cent. Secured Gold Notes OF the de-
fend9nt Railroad Company shall previously
have BEEN sold in enforcement of said trust
Agreement. will next offer said properly
for sale. separately and as an entirety, out
subject 70 said Trust Agreement. Tho spe,
cial Master Will accept tho highest and
best bid received therefor and will knock
down said property to such bidder subject
10 confirmation OF tho sale BY tho Court.
The Special Master will next Offer for sale.
repara,ely and as an sntirsty, the securities
pledged 10 secure tho promlssory note Of
Tho defendant Railroad Company held BY the
complainant North American Company. rns
Special Master will accept the highest and
test bid received therefor and will knock
down said property 10 such bidder subject
20 confirmation of he sale by ths Court.
Tn. Special Master will then Offer for sale
the remaining property OF tho defsndah'
Railroad COMPANY In tho following manner
and all bids FOR any parcel or sub-parcei
I'm which the same NAV b. 20 offered will bs
received and noted only on condition that,
the same may subsequently be offered as
hereirdfter provided
(a) The Special Master will offer for sale.
separately and entirety. all other
property OF tho defendant Railroad Company
not bv ssld Final Decree adiudKed 10 be
subject 10 the lien OF either the Rsfunding
Mortgsre or the General Lien Mortgage OF
the defendant Railroad Company. 10 wit,
the property described IN Article Twenty
ninth of said Final Decree. and will note tho
highest bid therefor
Cb) Tn. Special Master will then offer FOR
sal. all tho property by said Final Decree
edjudsed TO be embraced in ether said Re
funding Mortgage or said General Lien Mort
gaEe ard described IN Article Twenty-sirth
and Article Twenty-sevsnth Of said Final
Decree. OF said property he will FIRST offer
FOR sale. separately and az an entirety, ne
embraced IN said Refunding Mortgage, 20
wit the property described IN Article Twen-
ty-sixth o, said Final Decree. and Will note
tho highest bid therefor. lie will mex;
orsr for sale. separately and as an entirsty
IN. property by said Final Decree adjudget
70 be embraced in said General Lien Mort
gaze. other than ths property by said Final
Decres sdjuiged % 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 Retundins Mortgage
or tho General Lien Mortgage and will note
the highest bid therefor. II tho highest bid
received FOR all said property when offered
FOR sale as an entirety shall equal or exceed
Il at
therefor when offered FOR sale In said two
sub-parce'. then the Special Master will can
eel the BIDS noted for such sub-parcels and
note only tho highest bid for said property
received aAd noted for said property an
entirety shall be less than tho aggregate
amount o, tho several highest bids for said
property when offered I'm said two sub-parcels
then the Special Master will cancel the bid
noted for said property as an entirety and
will note only the highest bids for said sew
ersl respective sub-pareehs.
lcl The Special Master finally VIII s-pa-
ratel, offer for sale as an entirety the prop
ertv os the defendant Railroad Company
specified In Article Twenty sixth, Article
Tventv-seventh and Article Twenty ninth OF
ssi Final Decres and will MOI the highest
I, The highest bid received for said prop
ertv OF the Rsilroad Company when so Of
feed for sale as an entirety shall equal or
excsed the aEeresate OF the several highest
bids therefor when offered for sale IN par
Gals a
~ this Paragraph Y provided. then all said
property viii be stricken of and sold as an
entirety TO the hshest bidder therefor. II,
however the highest bid received snd noted
for said property as an entirety shail % Iess
than me aggregate amount OF the several
highest bids for ssid property when offered
~ parcels a. In subdivision tal and tubdi-
vision o. Of this Paragraph provided. then
~. several parcels offered FOR sale will os
stricken on and sold 20 the highest bidders
for said respective parcels
VI The Special Master will accept no bid
from any one offering 70 bid who shall not
prior 10 any offering by the Special Master
for sale deposit With the Special Master
and deliver 10 him a. a pledge that he VIII
make good his bid In ths event Of It's sc-
ceptance:
A In case OF tn. property pledged TO tn.
complainant North American Company. the
sum % 100000 IN cash or certified check
on some national bank or trust company In
the CITY Of New York or In ths city or 81.
Louis acceptable 10 IN. Special Master and
made or endorsed payable 10 hi order; or
said promissory note endorsed 10 the order
OF the Special Master or assigned 20 him
B In case OF the property embraced In
the Refunting Mortgage, the sum OF $500
c00 IN cash or certified check OF some ma
tional bank or trust company In the CITY
acceptable 70 the Special Master. and made
or endorsed payable 20 his order. or ~. boe.-
900 tsce amount OF RefundinS Bonds IN
bearer form. and II coupon boLds, accom-
Tdnlel hN t0e coupon pA JuiJ 1, A9Afs ahA
all subsequent coupons. such deposit may 6e
partly in cash or certified check and partly
in Refunding Bonds, but in ths same rels-
tive proportions;
G.. In case OF the property embraced In
the General Lien Mortgage other than prop
erty embraced I'm the Refunding Mortgage.
the sum OF 100000 In cash or certified
check as aforesaid. or 81. 1000 face amount
Of General Lien Bonds IN bearer form, and
T. coupon bonds accompanied By the coupon
OF May /. 1914. and all subsequent coupons;
such deposit may be partly in cash or certl-
f-d check and partly In General Lien Bonds
but IN the same relative proportions.
d. In case OF all property embraced In
either the Refunding Mortgage or the Gen
erai Lien Mortgage as an entirety. the sum
OF $500. 900 In cash or certified cheek as
aforesaid. or the aggregate OF bonds or the
cha racter and 10 the amounts as would be
leamired under the forekolng clauses b and