New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-18
MASTERS SALE

agreed upss By the parties IN intsrsst.
shall be 6Hsd and sdjudsed BY tbs Court
and the Court reserves the right and re
isins the power and jurisdlction 80 10 %
and the right. power and Jurisdiction q
tsks back snd resell any property tina.
shall be sold under said dsorsss. 10 case
their successors. shsil fsli 20 pay any o.
the claims mentioned In said Artiols. With
In twenty days after service Of an orde.
Of the Court recurring such psymsnt Q, y
within twenty dsys after service OF writ
ten notice OF nnal confirmation OF such o.
der upon appeal
In the event that any purchaser ats
demand made. shall refuse 20 pay any 81
the above mentioned indebtedness or la.
billtles which under the provisions o.
said Article XVII he 10 Or may be re-
CURED TO pay. the person holding the claim
therefor, upon twenty days notice 70 such
purchaser. may Ole a petition In the Couft
to have such claim enforced against tbs
es2ssne. : %ts e 70. 'Tsn pfae,: the
Court In relation 10 payments OF g SINUS
character. and such purchaser snsn nsve
shs [ c.fa q or a.msns az n. SHORTY
thereof so sought TO he enforced.
10. Article XVII OF said DEGREES PROVE:
that the Receiver shall. not nors thsn ~
teen nor less than fve days prior 70 va.
date nIsd for the sale under said decree
file With the Clerk OF the United states
District Court for the Eastern District o.
and advisory statement or statements With
reference TO all rolling stock ana u.s.
property acquired by him, The smov~' o.
moneys IN big hands ana viz ,H e;s sne.
and demands OF the Receiver ana OF ths
Railway Company.
II. Any purchaser Of the property a.
scribsd In Artiels VII and "a Article ~
Of the said decress and in the dsscriptiy,
viii have II. rich, to enter his spp.sr,ac.
Of the parties to the conetituent causes
wherein Commonwealth steel company sna
Guaranty Trust company OF New YORK ano
Benjamin F. Edwards, as Trustees, are
right 10 contest any claim, demand or a.
lowance existing at the time OF the ais
and then undetsrmined. and any eslm .
demand which thereafter may arse or o.
presented which shall be payable BY am
such purchaser, or which shall bs charge
able ssains, the property sold to such puf-
chsser
IL. ANY purchaser OF the property o.
scribed IN Article VII and IN Article XII
% said DEGREES and IN the DESCRIPTIVE
clauses hereof or OF any parcel thereo,
used any rights thsrsunder, shall have the
right. within six months AFTER tbs delivery
Of the deed Or o,h.r IN IH,S run nsss .,
Special Master OF the property purchase
by him. or within such additional peroo
as said United states District Court 70
Division, may hereafter by its ordsr or de-
cree permit, to elect not to assums or
adopt any lease or contract made BY IN.
ceiver, which 10 part Of the property en-
brsced in such deed or instruments OF CON
veysnce or transfer. Such election shat
by the said purchaser and shall contain
general description OF the contracts o.
leases which he elects not % assume o.
adopt. and shall Os NED Win me Slsrk g.
user OF rights, prior TO tho expiration ~
said period shall be deemed 20 eoneinds
the purchaser In respect OF such SECTION
and upon the nling OF such election sac
purchaser shall be deemed not 90 have as
sumed OF adopted tire said contracts Or
leases or rights therein described nor 20 os
o. leases; provided. however that such elso.
ton shall not sntitle the said purchaser 20
any reduction in the smount 81 inc olo
maze at said sac S o. IN stsosn'' 10
49, Any purchaser of the property ds,
sorlbed in Article VII and in Article XII
Of said DEGREES and IN n. Descriptive
shall have tho right 70 elect not to tsks or
accept any part Of the property so 400 %
such purchaser. BY written notse i s
Master 81 any time prior 20 the execution
ard delivery OF the deed or other instru-
ments OF conveyance or transfer py M
Special Master. No such election BY PUT
chase price 10 be paid by such purchases.
~ Upon confirmation or the sals OF an.
or all OF said parcels and upon payment "
the purchase price or such portion thereof
as shall, By order OF said United states
District Court for the Eastern Dstrict o.
Missouri. Eastern Division, be required 20
b. paid in advance OF the delivery of the
deed or other Instruments OF conNeysnee
and transfer, or upon the making ny shy
purchaser Of such Proylslon to5 the ,l pay
IN. undersigned Special Master will sks-
cute and deliver a deed or deeds OF other
proper instruments conveying, assigning
and transferring 10 such purchase, OF n.s
chassr sub iect however. 20 tbs provisions
OF Article XIV Of said DEGREES.
Upon the delivery OF such dsed or dssos
or other instruments OF conveyance or as
signment or transfer, the grantee cr
rrant.es ,hersin named shall be let into
the possession OF the property 50 conveyed
or transferred. subject. as 10 all properly
covered by the First Refunding Mortgare
OF The Kansas and Colorado Pacinc RAJ
way Company dated February lsOs. 20
the continued possession thereof BY sald
Receiver as receiver In the cause now penang
ln The United States District Court Tor
the Eastern District % Missouri. Esst
ern Division. for the foreclosure OF sac
mortgage in which The Equitable Trusi
Company OF New YORK Is complainant
and tho said Recsiyer and any party
70 said consolidated causes Nho shA.
be IN possession OF any OF said property or
Drernises shall deliver the same over 70
said xrantee or grantees. subject as sfore
said and said grantee or grantees snail
after such delivery OF possession, nola, pos,
sess and enjoy the property so eonyeys1
and transferred. and every part ana patcei
thereof fres from the trust ana Hen IN
posed thereon by the said First and re
funding Mortgage OF the defendant Ran
way Company ana free from all claim.
rights, interest or equity OF redemption OF
IN or 10 the same by or or the detenoan+
Railway Company. It's successors ana a.
signs and By or OF the creditors and stock
holders OF the defendant RAILWAY com
pany, and BY or OF all persons. clamlns
by, under or through ne defenaant hsn
Wsy Company. its creditors or its stool
holders and by or OF all parties 20 the con
Stitueut causes In when ComnonNsalth
Steel Company and Guaranty Trus, corr
pany OF New York and BENJAMIN f. Ia
wards as Trustees, are complsinants, ana
bv or OF all persons claiming under them
or any OF them, except the noiders OF ~.
liens and obligations described In Articles
xviii and XII OF ssid DEGREES IN so nr
IS but only IN 80 far as sald Hens ana
obligations arsct, said property: or any
deed or deeds by the Special Master as sfors-
said the purchaser shall be entitled 70 have,
enjoy and receive all revenues ana compensa-
lion FOR services rendered 10 any parties o.
nersons by the Receiver IN tho operation OF
he premises conveyed to such purchaser
subsequent 20 the date OF sale, as well as
any and all material supplies ana other
property acquired by the Receiver during ssld
period in the operation OF the premises con
veyed 20 such purchaser, subject, however. TO
the continued possession by said Heceiyer or
80 much Of said property ss shall DO subject
10 the First Rsfunding Mortgage OF The
Kansas and Colorado Pacific Railway Com
pany and 20 the further determination ~
ss.d Court Of the amount OF such revenues
and compensation properly attributable TO
said last named MORTGAGE, and the right to
make such further determination 10 reserved
BY said decr.ss
IS By said DEGREES all questions, issues,
matters and things not thereby disposed
of, Including the discharge OF the Rsosiysr
and ths statement and settlsrnent OF BIS
accounts. are reserved oy sald Court TOR
its future Adjudication.
For further particulars, reference 10
hereby made TO said Special Masters rsPsrts
and said final DEGREES In said consollfAtsd
cav... ard IN the ronsttsueut causes On