New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-26

! Railroad Company New Or
| leans. Texas and Mexico Di-
vision First Mortgage Five
| Per Cent. Bonds. ........--. Zof'Aof'
Kansas city. Fort Scott
| Memphis Railway Company
Refunding Mortgage -Four .oo
| Per Cent. Bonds. ........... lVo'pVV
| St Louis and San Francisco
| Railroad Company Chicago 3
Eastern Illinois Common $500
| Stock Trust Certificates zO'oOD
! St Louis Memphis and South
eastern Railroad Company
First Mortgage -Four Per ~
As more fully provided by said Final Dc
| cree, 20 which reference is hereby made
| I. Said sale will be made without NaIua-
J ton appraisement. redemption or extension.
| H. The Special Master may adjourn or
| postpone said sale. and may. without tur'nsI
| notice or advertisement proceed win the
/ sale on any y 10 which the sane may
/ have been adjourned.
! III ANY Of the trustees Of the mortgages
or other Instruments mentioned In said Flndl
Decree or any holder Of Refunding Bonds,
/ or any holder Of General Lien Bonds, m any
creditor or any stakeholder OF the deiehn-
ant Railroad Company. or any party 10 tne
! consolidated cause or 10 any constituent
/ cause. may bid AT the sale. and II sue
cessful bidder may purchase In his It's or
/ their own right
! " said property whether sold an
/ entirety or In parcels. will. In 80 far as the
] lien Of any Of the instruments specified IN
/ Article Fourth Of said Final Decree covers
I any or said property. ne Soll SUBJECT 10 Nit'
/ lien Of such instruments.
/ Y. said sale Will be made In the follow
| ing manner:
| The Special Master. unless the property
| embraced In the trust Agreement OF June
/ !. 1911. securing the Two Year Five FER
Cent. Secured Colo Notes Of the defendant
/ Railroad Company shall previously have
| been sold I'm enforcement Of said Trust
| Agreement. will first offer said property for
| sale separately and as an entirety. but sub
/ jet TO said Trust Agreement. The specla,
Master will accept the highest and bes' bid
received therefor and will knock down said
property 10 such bidder subject 10 corfrma-
/ ton OF the sac by the Court
| The Special Master. unless the property
embraced I'm the Trust Agreement OF Sep
I TENDER 3. 1912. securing the Two Year SIX
] Per cent. Secured Gold Notes Of the de-
| PENDANT Railroad Company shall previously
! have been sold in enforcement If said Trust
q Agreement. will next offer said property
/ FOR sale. separately and AZ an entirety but
/ subject to said Trust Agreement The Spe-
| best bid received therefor and Will knock
/ down said property to such bidder subject
/ TO confirmation ~ the sale by the Court
| The Special Master will next offer for sale.
! separately and as an entirety the securities
| pledged 10 secure the promiesory note or
| Tho defendant Railroad Company held by the
/ complainant North American Company. The
/ Special Master VIII accept tn highest and
/ Test bid received therefor and Will knock
down said property 10 such bidder subject
/ to confirmation OF The sale by thu Court.
the remaining property of the defendant
Railroad Comranv In the following manner.
and all bids for any parcel or suh-parcel
I In which the same NAV be so offered will be
. received and noted only on condition that
| the same may subsequently be offered as
hereir after provided:
/ (a) The Special Master will offer for sale
separately and a. an entirety. al other
property OF the defendant Railroad Company
not by said Final Decree adiudgcd 10 be
subject 10 the lien OF either the Refunding
~
/ the defenda n Railroad Company. 10 wit.
the property described I'm Article Twenty
ninth Of s1id Final Decree, and Will note the
highest bid therefor.
ID The Special Master will then offer for
sale all the property ny said Final Decree
adtudsed 10 be embraced In el,her said Re-
funding Mortgage or said General Lien Mort
gage ard described In Article Twenty sixth
and Article Twentv-seventh Of said Final
Decree. ~ said property he will first offer
/ FOR sale. separately and as an entirety the
] property by said Final Decree adi uiged 70 be
embraced In said Reminding Mortgage. 70
wit the property described in Article Twen-
J ty-siNth OF said Final Decree. and viii note
| tho highest bid therefor He will next
offer FOR sale separately and as an entirety.
+ the property by said Final Decree adjudged
20 be embraced IN said General Lien Mort
gage. other than the property bv said Final
} Decree adjudged % be embraced IN said Re-
funding Mortgage and will note the highest
bid therefor. He will next offer for sale,
separately and as An entirety. all said prop
embraced IN either the Refunding Mortgage
OF ,ha General Lten Mortgage and will cote
the highest bid therefor. II the highest bid
received for all 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
eub-parcpi~ then the Special Master will can
eel tho bids no.cd for such sub-parcels and
note only tho highest bid for said property
as an entirety IT, however. the highest bid
received and noted for said property an
. hall ha loaz the au~reR4fa
amount OF the several highest bids FOR said
property when offered In said two sub-parcels
then the Special Master viii cancel the bid
noted for said propertv as an entirety and
VIII note only the highest bids for said sew
eral respective sub parcels.
(c) The Special Master finally viii sepa-
ratelv offer tor sale as an entirety the prop
ertv 81 the defendant Railroad Company
specified IN Article Twenty sixth. Article
twenty seventh and Article Twenty-ninth Of
/ said Final Decree and VIII nor the highest
J BIZ therefor.
T, the highest hid received for said prop
ertv OF the railroad Company when so Of
feed FOR sal> as an entirety shall equal or
exceed the aggregate of the several highest
bids therefor when offered for sale in par
cells as In subdivision an and subdivision 40
{ Of this Paragraph v provided then an SAID
entirety 10 the highest bidder therefor. II.
however the highest bid received and noted
for said nropertv as an entirety ahall be less
than the aggregate amount OF the seNeial
highest Kids for said property when offered
e., parcels as In subdivision (al and suhdi-
4 vision 90 Of this Paragraph provided, then
the several parcels offered for sale Will be
stricken of and sold 20 the highest bidders
FOR said respective parcels.
/ vi The Special Master will accept no bid
from any one offering 10 bid who shall not
/ prior 10 any offering by the Special Master
/ Tor sale deposit with the Special Master
/ and deliver 10 him a pledge that he will
make good his bid in the event OF Its se-
A In cass of the property pledged 10 the
| complainant North American Company. the
/ sum of siooeos. in cash or certified check
| on some national bank or trust company In
| tho City OF New York or in the City Of St.
/ Louis acceptable 10 the Special Master and
made endorsed payable 70 hi@ order or
sad promissory note endorsed 10 the order
] OF the Special Master or assigned to him
y. In case OF the property embraced IN
| the Refunding Mortgage. the sum OF ,9VV-
tional bank or trust company IN the CITY
OF New York or In the city or 81. LOUIS
/ acceptable 10 tho Special Master. and made
Or endorsed payable 70 MS order or 'A.oVV-
900 face amount OF Refunding Bonds IN
/ bearer form. and II coupon boLds, accom-
FAMED by the coupon Of July /. 1914, ana
| all subsequent coupons such dcIosit may te
/ rarity IN cash or certified check and partly
/ In Rcfunding Bonds. but in the same rela-
/ tive proportions;
c. In case OF the property embraced In
/ the General Lien Mortgage other than prop
/ erty embraced In the Refunding Mortgage,
/ the sum OF $500. 900 in casn or certified
/ Check as Aforesaid or ,lf-vVVjS laNr "NiVN"s
/ OF General Lien Bonds In bearer form, ana
/ r. coupon bonds accompanied ov the coupon
I OF May /. 1914. and all subsequent coupons
/ such deposit may be partly in cash or cert-
/ fed check and partly In General Lien Bonds
/ but in the same relative proportions;
ID. In case OF all property embraced IN
7 either the Refunding Mortgage or the Cen
/ eral Lien Mortgage as an entirety, the sum
B OF 5000 900 In cash certified check as
aforesaid. the aggregate OF bonds OF the
I character and 10 the amounts would be
required under the foregoing clauses 3 ana
: l.. IL hid