The Republican journal. [volume] (Belfast, Me.) 1829-current, 1916-11-23
THE REPUBLICAN JOURNAL. THURSDAY. NOvEMBERi2

gage or deed OF trust dated January 10. 1912,
Is . lien or to any part or parcel thereof
As provided 10 said DEGREES the Special Mas
tiers will offer said property for sale in two
parcels as follows
PARCEL l will consist of all the property
hereinabove described and defined. except the
tract of land and fats, with the wharves. build
ipps and structures thereon known as the
''Union Wharf, property. situated In Boston.
Massachusetts; and
PARCEL . will consist of said Union Wharf
property, viz, Item A.
PARCEL l will be sold at the main front
entrance of the County Court House for Pc
nobscot County, at Bangor, in the State of
Maine, on the Sd day of January, 1917, between
the hours of P. M. and P NJ and PARCEL
will be sold at the main front entrance of the
County Court House for Suffolk County, Massa-
chusetts. in the city Of Boston on the 9TH day
of January, 1917, between the hours of 2. M.
and P. Nj. Each parcel will be offered for
sale separately and an entirety.
No person will be entitled to bid for Parcel
unless such person shall have first deposited
with the Special Masters, as pledge that he
will make good his bid in case of its acceptance,
the sum OF ten thousand dollars. in cash or by
certified check upon bank or trust company
acceptable t, the Special Masters, and no per-
son will be entitled to bid for Parcel unless
such person shall have first deposited with the
Special Masters, as pledge that he will make
good his bid tor said parcel in case of Its &C
ceptance. the sum of five thousand dollars. in
cash or by certified check upon bank or trust
company acceptable to the Special Masters.
All deposits received by the Special Masters.
except those made by any bidder whose bid
shall be accepted, will be returned by the
Special Masters at the conclusion of the sale
to the bidder or bidders from whom the same
were received. In case any bidder shall fail to
make good his bid upon its acceptance by the
Special Masters ard confirmation by the Court,
or shall fail after such acceptance. to comply
with any order of the Court relating to the
payment of the amount bid or to the consull-
nation of his purchase, all sums of money, or
certified checks, deposited by such bidder Will
be forfeited and will be applied to the pay
ment of the expenses of such sale and to any
other and further purposes which the Court
may direct.
In case any sale for which deposit shall
have been made shall not be confirmed by the
Court for any other than for failure on
the part of the bidder to comply with the
terms of his bid, such bidders deposit will be
returned to him.
The Special Masters, as directed by said de-
crees, Will not accept any BID less than
(e) for the property embr-ced IN Parcel L
the sum of three million. three hundred and
sixteen thousand (3,Sl6,000) dollars; and
(b) for the property embraced in Parcel 2
the sum OF two hundred thousand (2OO,O0O)
dollars.
If such respective sums shall not be bid for
said parcels, the Special Masters will adjourn
the sale of the parcel or parcels for which the
required amount shall not be hidden and will
apply to the Court for further instructions IN
respect thereof. Every sale made by the
Special Masters will be subject to contrma-
ton by the United States District Court for
the District of Maine.
Any purchaser must, on confirmation by said
Court of any sale made pursuant to said de-
crees, make such payment or payments in cash
on account of the purchase price Tin addition
to the cash, or proceeds of any certified check,
heretofore deposited by such purchaser with
the Special Masters at the time of sale as here
inbefore provided, which said cash or proceeds
will be received a part of the purchase
price, as said Court may from time to time
require. The remainder of such purchase
price not required to be paid in cash may be
paid in cash or any purchaser may, as provided
in said DEGREES, satisfy and make good the bal
ance of his bid in whole or in part by turning
in to be paid and cancelled, or to have payment
on account credited thereon. First and Refund
ing Mortgage Gold Bonds of Eastern Steam
ship Corporation ard unpaid past due coupons
appertaining to said bonds entitled to share in
the distribution of the proceeds of sale, and
such purchaser, will thereupon be credited
therefor on account of the purchase price of
the property purchased by him with such
amounts as would be payable on such First and
Refundng Mortgage Gold Bonds and coupons
out of the proceeds of sale if the whole
amount of the purchase price were paid in
cash. All such bonds turned in for pay
ment, unless payable to bearer and transfer
able by delivery, must be duly endorsed or
assigned in blank.
By the terms of said DEGREES any purchaser
at any sale under SAID DEGREES will take the
property purchased by him and receive the
thara s1h pcf To
assessments and other public charges charge
able upon such property, and subject also, as
to the parts thereof covered thei eby to the
prior liens of the mortgages or deeds of trust,
executed and delivered respectively by the
Portland Consolidated Steamship Company
the Maine Steamship Company, the Metropoli-
tan steamship Company, and the Eastern
Steamship Company. more particularly re-
ferred to in Article VII. and Article VIII of
said decree, made and entered by the United
States District Court for the District of Maine
on September rs, 1916, aforesaid, and to all
rights under said mortgages or deeds of trust
1t is further provided in said DEGREES that
the purchaser or purchasers of any property
sold pursuant to said DEGREES SHALL as part of
the consideration for and of the purchase
price Of the property purchased, and in addi-
tlon to the amount bid therefor, take such
property and receive the deeds or other in
struments of conveyance and transfer thereof
upoh 'He cAPiesS Cotloltlou lndl SAID property
shall be charged with the payment, satisf action
and discharge of the following:
(A) All liabilities, Indebtedness and obliga-
lions OF the receivers of Eastern Steams hip
Corporation, heretofore, or at any time here
after before the property purchased shall be
delivered to the purchaser or purchasers, legal
ly contracted or incurred by such receivers in
the management or operation or on account of
the properly purchased, which shall remain
unpaid or unsatisfed after first exhausting the
income and other funds, if any, in the hands of
such receivers especially applicable to such
purposes; and
(B) All claims of creditors of said Eastern
Steamship Corporation which have been or
shall be admitted by the parties in interest or
adjudged by the United States District Court
for the District of Maine to be prior in lien or
superior in equity to the mortgage deed of
trust of said Eastern Steamship Corporation,
dated January 10, 1912. and the First and Re-
funding Mortgage Gold Bonds secured thereby,
and which shall remain unpaid unsatisfied
after first exhausting ~ the income and other
funds. if any, in the hands of the receivers of
said Eastern Steamship Corporation applicable
to such purpose and (2) any property, or the
proceeds of any property, of said Eastern
Steamship Corporation now in the possession
of said United States District Court or here
after to come into such possession not covered
by or embraced in said mortgage or deed of
trust of said Eastern Steamship Corporation,
dated January 10, 1912, or the mortgage or
deed of trust of said Eastern Steamship Cor
poration, dated March 25, 1872 supplemental
thereto-not including, however, any liabilities
or obligations, If any such there be, of said