The Republican journal. [volume] (Belfast, Me.) 1829-current, 1916-12-14


As provided in 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 flats, with the wharves. build
inps and structures thereon known as the
'Union Wharf" property. situated in Boston,
Massachusetts; and
PARCEL will consist of said Union Wharf
property, viz. Item 4.
PARCEL l will be sold at the main front
entrance of the County Court House for Pc
Maine, on the Sd day of January, 1917. between
the hours of P. M. and P. N 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 5tn DAY
of January 1917, between the hours of 2 T. M.
and P. M. Each parcel will be offered for
sale separately and as an entirety.
No person will De enulUled to bid for Parcel l
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 to 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 for 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 Spdpial 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 and confirmation by the Court
shall fail, after such acceptance. to comply
with any order of the Court relating to the
payment of the amount bid OF to the consult
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 cause 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
(a) for the property embr .ced in Parcel
the sum of three million. three hundred and
sixteen thousand (3,3l6,0o0) dollars; and
(b) for the property embraced in Parcel
dollars.
If such respective sums shall not be bid for
said parcels, the Special Masters will adj urn
the sale of the parcel or parcels for whicn 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 contirrna-
tion by the United States District Court for
the District of Maine.
Any purchaser must, on connrmaton 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 as a part of the purchase
price, as said Court may from time to time
I 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 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 and unpaid past due coupons
appertaining 10 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 MIN with such
amounts as would be payable on such First and
Refunding 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 SO 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
deed deeds therefor subject to all taxes,
assessments and other public charges charge
i.,fi ctpnh a
/ to the parts thereof covered the eby. to the
prior liens of the mortgages deeds of trust,
/ executed aud 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. aud Article VIII of
sale decree, made and entered by the Unit ed
States District Court for the District OF Maine
gu September Z6, 1916, as aforesaid and to all
rights under said mortgages or deeds of trust
Ii is further provided in said DEGREES that
the purchaser or purchasers of any property
sold pursuant to SAID DEGREES shall, part OF
the consideration for and of the purchase
price of the property purchased, and in adoi
tion to the amount bid therefor, take such
! property and receive the deeds or other in.
| strnments of convey ance and transfer thereof
upon the express condition that said property
shall be charged with the payment, satisfaction
and discharge of the following:
(A) All liabilities, Indebtedness and obiga
lions of the receivers of Eastern Steamship
Corporation, heretofore, or at any time here
after before the property purchased shall b.
delivered to the purchaser or purchasers, legal
ly contracted incurred by such receivers il
the management or operation on account o
the properly purchased, which shall remail
unpaid unsatisfed after first exhausting tn
income and other funds, if any, in the hands o
such receivers especially applicable to sucl
purposes; and
(B) All claims of creditors Of said Easter
Steamship Corporation which have been o
shall be admitted Ly the parties in interest o
adjudged by the United States District Cour
for the District of Maine to be prior in lien o
superior in equity to the mortgage or deed o
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 or unsatisfie
after first exhausting ~ the income and othe
funds. if any, in the hands of the receivers o
said Eastern Steamship Corporation applicabl
to such purpose and (2) any property. or tn
proceeds of any property, of said Easter
Steamship Corporation now in the possession
of said United States District Court or here
after to come into such possession not covere,
by embraced in said mortgage or deed o
trust of said Eastern Steamship Corporation
dated January TO- 1912, or the mortgage o
deed of trust of said Eastern Steamship Cor
poration, dated March 25, 1912, supplemental
thereto-not including, however, any liabilitie
or obligations, If any such there be, of sal,
Eastern Steamship Corporation under thu
mortgages or deeds of trust more particular,
Il