New-York tribune., 1916-06-19

leans. Texas and Mexico Di-
Yst09 p.I Cent IRE RonSs G9''sate ~ r''' 25AslsO
Kansas city, Fort Scott
Memphis Railway Company
Refundlng Mortgage -Four ..
Per Cent. Bonds. ............ lOb.VOD
St Louis and san Francisco
Railroad Company Chicago
Stock 5|sie' Trust 7 certiacates. 10000
St Louis Memphis and South
eastern Railroad Company
First Mortgage -Four Per ~
As moro fully provided by said Final Do
cree 20 which reference IL hereby made;
I. Said sale will be made without valua-
ton, appralsement. redemption or extension.
IL The Special Master may adjourn or
POSTPONE said sale. and may. without further
notice or advertisement. proceed win ths
sale on any 3 20 which the sane may
have been adjourned.
or other instruments mentioned IN said final
Decree or any holder ~ Refunding Bonds
or any holder of General Lien Bonds. m any
creditor or any stockholder OF the detena-
ant Railroad Company. or any party 10 inc
consolidated cause or 10 any constituent
cause. may bid az the sale. and n a sue
cessful bidder may purchase In his It's or
their own right.
~ said property. whether sold az an
entirety or I'm parcels. will, In 50 FAR az the
lien OF any Of the instruments specified IN
Article Fourth of said Final Decree covers
lien of such Instruments
v. Said sale will be made IN the follow
Ing manner:
Tho speclaI Master. unless the property
embraced In tho trust Agreement Of June
/, 1911. securing tho Two Year Five Per
Cent. Secured Colo Notes Of the defendant
Railroad Company shall previously have
been sold In enforcement Of said Trust
Agreement. will FIRST offer said property for
sale. separat tely and as an entirety. out sub
Ject 70 said Trust Agreement. The Special
Master Will accept The highest and hes' oid
received therefor and Will knock down said
property 20 such bidder subject 20 Corhrma-
ton ~ the sac by The Court
he Special Master. unless the property
ismber 2. 1912. securing the Two Year Six
Per cent. Secured Gold Notes OF the de-
fendant Railroad Company shall previously
have been sold IN enforcement OF said Trust
Agreement will next OFFER said property
FOR sals. separately and as An entirety but
subject 10 said Trust Agreement The Spe.
cisl Master will accept tho highest and
best bid received therefor and Will knock
down said property to such Bidder subject
20 confirmation OF the sale BY tho Court
The Special Master will neIt offer for sale.
separately and as an entirety, the securities
pledged 20 secure tho promissory note OF
tho defendsn, Railroad Company held by the
complainant North American Company. Tho
Special asstsr will accept IN" highest and
down said property 10 such bidder subject
to confirmation OF ths sale by the Court.
The Special Master will then offer for sale
tbs remaining property OF the defendant
Railroad COMPANY IN the following manner,
and all bids for anv parcel or eub-parcel
In which tho same NAV be so offered Will b
received and noted only on condition that
the same may subsequently be offered as
herein after provided:
Ca) The Special Master will offer for sale,
separately and as an entirety, all other
property OF the defendant Railroad Company
not by said Final Decree ad1udged 70 be
subject 10 tho lien OF either the Refunding
Mortgage or the General Lien Mortgage Of
the defendait II Railroad Company. 70 wit.
the property described in Article Twenty
ninth of said Final Decree, and will note the
highest bid therefor
(b) The special Master will then offer for
sale all tho property bv said Final Decree
adludged 20 be embraced In eiCher said Re-
funding Mortgage or said General Lien Mort
gage ard described in Article Twenty sixth
and Article Twenty-seventh Of said Final
Decree or said property he will arst offer
for sale separately and as an entirety. the
property by said Final Decree adiudged 70 be
embraced IN said Refundlng Mortgage 70
wit. the property described IN Article Twen-
ty-sixth OF said Final Decree. and will note
tho highest bid therefor. He will next
offer FOR sale. separately and as an entirety,
the property by said Final Decree sdjudged
10 be embraced IN said General Lien Mort
gage. other than the property by 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 - IN entirety. all said prop
erty by said Final Decree adiudged 10 be
embraced TN either the Refundlng Mortgage
or the General Lien Mortgage and will note
the highest bid therefor, II the highest bid
received for al said property when offered
for sale as an entirety shall equal or exceed
the aeoregate OF tho several highest bids
therefor when offered for sale IN said two
subj parcel then the Special Master will can
note onlv the highest bid FOR said property
as an entirety r. however. the highest bid
received AID noted for said property an
ent.rcty shall be less than the aggregate
amount of the several highest bids for said
property when offered In said tno sut-psrcels
then tho Special Master will cancel the bid
noted for said nroperty as an entirety and
will note only the highest bids for said sew
eral respective sub-parcels.
(c) The Special Master finally will sepa-
ratel, offer tor sale as an entirety the prop
ertv OF the defendant Railroad Company
specided I'm Article Tweuty-sixth. Article
said Final Decree and will nor the highest
d, the highest hid received for said prop
ertv OF the Psilroad Company when so Of
feed FOR sa> as an entirety shall equal or
exceed the aggregate o. the several highest
bids therefor when offered for sale IN par
cells as IN subdivision 'a) ana SUBDIVISION 90
of this Paragraph Y provided. then all said
property will be stricken OF and sold as an
entirety 70 the highest bidder therefor. II,
however. the highest bid received and noted
than the aggregate amount ot the several
highest tids for said property when offered
f. parcels A. On subdivision lal and subdi-
Vision tbl OF this Paragraph Y provided. then
the several parcels offered for sale will be
stricken OF aud sold 20 the highest bidders
fo- said respective parcels.
VI The special Master will accept no bid
from any one offering 20 bid who shall not
prior 10 any Offering by the Special Master
tor sale deposit with the Special Master
and deliver 20 him pledge tnst he Will
make good his bid in the event OF ITS &C
In case of the property pledged 70 the
complainant North American Company, the
sum Of 100000. IN cash or certified check
on some national bank or trust company In
the City OF New York or IN ths city Of ST.
Louis acceptable 10 the Specia. Master and
made or endorsed payable 20 hi order; or
said promissory note endorsed 70 the order
Of The Special Master or assigned 70 him.
b. In case Of the property embraced in
the Refunding Mortgage the sum OF $500
000 in cash or certified check on some na %
tional bank or trust company In the city
Of New York or IN the city ot 81. Louis
acceptable 70 the Special Master and made
or endorsed payable 20 bis order or Sl.oOO.-
600 face amount OF Refunding Bonds In
bearer form and II coupon bcrds, accom-
Ianiel by the coupon OF July 1. 1914. and
an subsequent coupons. such d,posit may be
partly 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 Refundng Mortgage.
The sum of s400. 900 I'm casn or certified
check ar aforesaid. or s.. 100000 face amount
Of General Lien Bonds In bes-er form and
T. coupon bonds. accompanied by the coupon
OF May l, 1914, and all subsequent coupons :,
such deposit may be partly In cash or certi-
fed check and partly IN General Lien Bonds
but In The same relative proportions;
ID In case Of all property embraced In
either ths Refunding Mortgage or the Cen
ersl Lien Nortgag- as an entirety, the sum
OK 100000 IN cash or certified check as
Aforesaid. or the aggregate of bonds OF the
character and 20 the amounts az would be
required under the foregoing clauses 3 and
q ----- ------- 4 I'D