New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-07
MASTERS SALES.
NOTICE OF FORECLOSURE SALE.

NOTICE OF FORECLOSURE SALE.
IN THE DISTRICT COURT OF THE
United States for the Western District
Of Pennsylvania.-Ban Trust COMPANY
! Complainant against The Wabash PITTS
| burEh Terminal Railway Company me
| Equitable Trust Company OF New foTs
and Henry W. McMaster and Francis n
/ Shedding as receivers of The wabash fltts
/ burgh Terminal Railway Company DEFEND
snts-In Equity. No. IS, November Term
| 1908.
Notice is hereby given that pursuan, tc
/ a decree OF foreclosure and sale entered u
| the above entitled cause on January 5
! 1918, as modified by an order filed therein
June 2, 1915, and pursuant also 10 ancillar)
| DEGREES OF foreclosure and sale IN tw'
! causes between the same parties entered II
/ the District Courts Of the United states tol
/ the Northern District OF West virginia aho
/ for the Southern District OF Ohio' Essteri
/ Division on the 10th day OF June, 1915, ane
| the cath day OF June, 1915. respectively th'
/ undersigned Special Master Will orer fol
sale on the 18th day OF August. 1916. at Il
/ o'clock noon on that day, at the entrance :
corner OF Liberty Avenue and Ferry street
| to the Passenger Station OF the defendant
/ Tho Wabash Pittsburgh Terminal Railway
/ Company, situate at the intersection "l
/ Liberty Avenue and Ferry street IN 'he
| CITY OF Pittsburgh. State OF Pennsylvania,
the railroads, franchises, property, prem
Uses, rights, privileges and immunltles 10
said decree directed 70 be SOLO. sac rs,.
roads franchises, property premises. RS nus
privileges and immunities Will be onered
for sale in one parcel and as an entirety
The undersigned Will accept no bid for sslc
railroads, franchises, property premls s.
rights, privileges and immunities less man
Three million dollars N3,OOO.O0O). No old
will be received by the undersigned from
anyone Offering TO bid unless such person
go offering to bid shall have nrst deposited
with the undersigned as Special Master. as
a pledge that he will mako good his bid IN
case OF acceptance. the sum or TWO nun
dred and nifty thousand dollars NZ5O'oV7)
e., nv check
bank or trust company acceptable 70 the
undersigned, OF bonds secured by the flrs'
Mortgage Of The Wabash Pittsburgh Ter
mlnal Railway Company, dated May 10
1904. mentioned In said decree. or certin'
Gates Of deposit therefor TO the amount OF
Three million dollars (S3,0o0,ooo(.
The undersigned will accept tho highest
and best bid for said railroads, franchises
property, premises, rights. privileges and
immunitles equal to or In excess OF three
million dollars 100000 and Will KNOCK
down the property to such bidder therefor,
qualified as aforesaid. subject to connrma-
ton OF the sale by the court.
Upon the acceptance OF any BID the per
son or persons making the same shall after
the application thereto OF any amounts
| heretofore deposited by him or them In
cash, make payment In cash TO the under
signed OF such an amount as may be neces-
sary to pay and satisfy tho costs of said
. cause any allowance as shall be made 20
the complainant for its services and dis
bursements and the services and disourse-
=.
OF the receiver or receivers and his or their
counsel, any sums which may be allowed
by tho court in said cause. II any. to any
other party 10 said cause or It's. MS or thell
/ solicitors any taxes which may be a lien
upon tho mortgaged estate. and tho obli-
cations OF the receiver or receivers IN SAID
/ cause for moneys borrowed by him or them
/ whether represented by receivers certln
| Gates or otherwise with interest thereon.
In case any bidder or purchaser shall
! fail to make good his bid upon its accep
st,va fopa "a hty anu
/ OF the payments as in said decree provided
/ in contamination OF his purchase. then th'
sums paid deposited by such bidder Oh
! purchaser shall be forfeited as a penalty
/ Tor such failure and shall be applied tow
! ard payment OF the expenses of a resale
| and toward making good any deficiency oi
! loss in case the property shall be sold at
/ less price upon such resale and for AM
! other or further purposes that the cour
may direct
! The complainant or any holder or hold
ers OF said First Mortgage Bonds may bio
/ and purchase at said sale. IL any sale FOL
which a deposit has been made shall no
I be confirmed by the court, such deposl
I shall be returned 10 tho bidder and the de
/ post OF any unsuccessful bidder shall b.
returned to him when bid other thar
| that made by him has been accepted.
The balance OF the purchase price no
! required to be paid in cash may be palC
/ either in cash or the purchaser may satisfl
! and make good the bs lance Of his bid IN
| whole or in part by turning in 10 be psiC
and Cancelled 9r to have payment on &C
/ Bonds or coupons.
The undersig nsd is authorized by sal,
J decree in his discretion 70 accept tempo
| rarily instead Of bonds and coupons. th'
I certificate OF the Central Trust Company
| OF New York. or OF any other trust com
/ pany OF which he may approve. that 4
| holds First Mortgage Bonds or coupons Is
sued under said First Mortgage OF the de
PENDANT Railway Company subject TO th'
! order OF the undersigned and will deliver
them TO him on demand for cancellation oil
other disposition according TO the terms o
J the aforesaid decree
/ The court by said decree reserves tn,
right 20 re-take and resell the properu
| upon such notice as the court shall drec
! In case the purchaser shall fail or omit q
make any payment on account OF the pur
chase price as In said decree required.
! The purchaser or purchasers or his o
| their successors or assigns. shall. as par
| or the consideration and purchase price o
| the property purchased in addition 10 IN
! sums required 70 be paid. accept the prop
! erty and receive the deed or deeds or In
struments OF transfer thereof upon the eS
press condition that he or they or HIS o
/ their SUCCESSORS or assigns shall pay sat
| isfy and discharge any unpaid current LA
| bilities. Indebtedness and obligations OF tn
/ receivers or receiver IN said cause. Il an,
/ such there be. other than moneys borrowe'
! and represented BY receivers certificates o
/ otherwise provision for the payment o
which IS made In paragraph rs OF said de
| cree. which shall have been legally con
! trscted or incurred By the receivers or re
ceiver In said cause in tho operation or OF
account OF the railroads and other properu
covered by said First Mortgage at an
time before said property shall DO deliyere'
| TO said purchaser or purchasers
| In the event that such purchaser or pur
! chasers or hts or their successors or as
/ signs shall refuse on demand TO pay an
| such Indebtedness or liability as provide,
| In said decree. the person or persons hold
ing a claim therefor. when established b
a court Of competent jurisdiction, ma
| upon ten days notice TO said purchaser o
| purchasers. their successors or assigns, nj
| a petition in the above entitled cause
| have such claim enforced against IN
| property Aforesaid. In accordance wit
the usual practice In the case Of claim