New-York tribune., 1916-07-10

St louis aud San Frsnclsc'
Railroad Company New Di
leans. Texas and Mexico ~
vision FIRST Mortgage ~ a5,.slsto
Kansas CITY Fort scott
Memphis Railway Company
Hsfu3dinS Is Mo. M9.'s'se 10000
St Louis and San Francisco
Railroad Company Chicago
Eastern Illinois Common IN non
stock Trust Certificates. ~V''''
St Louis. Memphis and South
eastern Railroad Company
First Mortgage -Four fef ,.oooo
Cent. Bonds ........+ ...ssss ,,-'-.t ~
As more fuuy provided by said Final Ds
cree. 10 which reference is hereby haNo t,,
/ said sale will be made without Nl Nalua-
ton. apprsisement. redemption OF ,',rr ar
If The Special Master may adJVuiu ~,
POSTPONE said sale. and may. without iui ','h h
notice or advertisement. proceed WIN .' w
sale on anv ,.y to which the sane may
have been adjourned .os
IIf Any of the trustees Of the morigases
or other Instruments mentioned IN ssld Is lis'
Decree or any holder or ltefuunins ~
~ any holder Of General Lien Bonus "i ,ond az
creditor or any stockholdor Of the delehu-
ant Railroad Company, or any party n,,&on, 40 ~
consolidated cause or TO any eon'l''IN
cause may bid at the sale, and II 90
cessful bidder may purchase IN MS TO -
". said property. whether sold as an
entirety or I'm parcels Will, In 40 Tar a. ',, ~,
lien or any or the lnNtfum'hAN oi'''''
Article Fourth of said Final Decree 80. -
any ~ said property. be sold subject 10 ''7
lien of such instruments ,,
r. Said sale viii be made In tho follow
The special Master. unless the property
embraced in the trust Agreem' nt OF june @
!. 1911. securing the Two year tltc rc
cent Secured Colo Notes OF the detehuans
Railroad Company shall previously haye
been sold I'm enforcement of said lrus,
Agreement will first offer said property fSr
sale. sepa 1tcly and as an entirety' Guy sui
jcct 20 said Trust Agreement. The Specla,
Master Will accept Tho highest and hesf plI
received therefor and will knock down sdlp
property 10 such bidder subject 10 'orHr'"'
tion of the sac bt The court
The Special Master. unless the piopc' -
embraced I'm tho Trust Agreement OF Set-
tcmh'r 2. 1871 securing the TWO year SlN
Per cent. Secured Gold Notes OF the de
fcndaut Railroad Company shall previously
have been sold In enforcement or said lrIss s
Agreement will next offer said properly
for sale. separately and as an enurety' pu'
subject 10 said Trus, Agreement. The Spe
cial Master will accept the highest ana
best bid received therefor and viii Knock
down said property to such bldoer suDJecI
10 confirmation Of the sale by the Court.
The Special Master Will next oner Tor rfle.
rcpars'ely and as an entirety, the SECURITIES
pledged 70 secure tho promlssory note OF
the defendant Railroad Company held by the
complainant North American Company Inc
Special Master will accept IN" highest ana
lost bid received therefor and Will knock
down said property 70 such bidder subject
20 confirmation Of ,he sale by the Court.
The Special Master will then offer for sale
the remaining property of the defendant
Railroad Company I'm the following manner
and all bids FOR any parcel or sub-parCeI
n which the same NAV be so offered 1ill oe
received and noted only on condition thar
the same may subsequently be onered as
hereLaftcr provided:
a) The Special Master will offer for ssle
separately and as an entirety all other
property OF the defendant Railroad Company
not hy said Final Decree adiufgcd 70 he
subject 20 the lien Of either the Retundins
Mortgage or the General Lien Mortgage or
the defeuda u Railroad Company. 10 Wit,
the property described I'm Article twenty
ninth of said Final Decree. and VIII note the
highest bid therefor.
tb, The Special Master will then offer for
sale all the property By said Final Decree
adiudged 10 be embraced in elther said Re-
funding Mortgage or said General Lien Mort
gage ard described In Article Twenty sixth
and Article Twcnty-seventh Of said Final
Decree or said property he will first offer
FOR sale. separately and as an entirety. the
property by said Final Decree adtudged TO be
embraced In said Rofunding Mortgage. 20
wIt. the property described IN Article Twen-
ty-sixth of said Final Decree. and will note
the highest bid therefor. He VIII next
offer for sale. separately and as an entirety,
the property by saig Final Decree adjudged
20 he embraced In said General Lien Mort
cage. other than the property by said Final
Decree a1jutged % be embraced In said Re-
funding Mortgage and will note tho highest
bid therefor lie Will next offer for sale.
separately and as an entirety All said prop
erty by said Final Decree adIudged to be
embraced I'm either the Refunding Mortgage
or the General Lien Mortgage and will note
tho highest bid therefor. II the highest bid
received FOR al said property when offered
for sale as an entirety shall equal or exceed
the a~9regafe Of the several highest bids
therefor when offered for sale In said two
SUBJ parcel then the special Master will cam
rel the bids up-ci for such sub-psrcels and
note only m, highest hd for said property
ae an entirety r. however. the highest bid
received aad noted for said property
entirety shall be less than the aggregate
amount OF the several highest bids for said
property when offered In said TWO sub-parcels
then tho Special Master Will cancel the hid
noted for said property an entirety and
will note only the highest bids FOR said sew
cral respective sub-parcels.
,r The special Master finally will sepa-
ratol' offer for sale as an entirety the prop
erfv OF the defendant Railroad Company
spocifei IN Article Twepty-siNth. Article
-ruent,-sotentt ana Article Twenty-ninth ~
said Final Decree and Will noi the highest
it1 therefor.
II me highest hid recoived ror said prop
ortv of th. Pailroad Company when 50 Of
r. "a for sale as AN entirety shall equal or
exceed tho aggregate ~ the several highest
lifs therefor when offered for sale In par
.el- az BOZ subdivision Cp and subdivision fbl
~ This Paragraph y provided. then all said
property Will be stricken of and sold as an
entirety 10 tho highest bidder therefor. IL.
however. tho highest bid received and noted
for said property as an entirety shall he less
than the -rsgate amount OF the several
highest lids for said property when offered
3D. parcels as 90 SUBDIVISION tab ana sundi-
vision Cbl of this Paragraph Y provided then
the several par. els offered for sale will be
stricken of and sold 10 the highest bidders
for said respective parcels.
VI The Special Master will accept no bid
from any ore Offering 70 bid who shall not
prior 10 any offering by the Special Master
Tor sale deposit with tho Special Master
AMI deliver 10 him "A pledge that he will
make good his bid In the event OF It's &C
ccptance.
A. In case of the property pledged 20 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 I'm the city OF ST.
Louis acceptable 90 tho Speca. Master and
made or endorsed payable 20 hi order; or
said promssory note endorsed 70 the order
of the Special Master or assigned TO him.
B. In case OF the property embraced In
M. Refund.ng Mortgage. the sum Of $500
900 in cash or certified check on some ma
tional bank or trust company In the City
acceptable 20 the Special Master. and made
or endorsed payable 10 his order or l.5OO.-
OU0 face amount OF Refunding Bonds In
bearer form. and II coupon boLds. accom-
Taniet hy the coupon Of July /. 1914, and
an subsequent coupons. such deposit may be
rarity In cash or certified check and partly
In Rcfunding Bonds. but In the same rela-
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 Sl.20o.0)O face amount
of General Lien Bonds In bearer form. and
Il coupon bonds. accompanied bv 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
hut IN the same relative proportions;
-. In case Of all property embraced in
either the Refunding Mortgage or the Cen
eral Lien Mortgage as an entirety, the sum
OF 100000 IN cash or certified check as
aforesaid. or the aggregate OF bonds of the
character and 20 the amounts as would be
required under the foregoing clauses B and
q -n nL!ar % a.A-lfy alon lersnns 20 bid