New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-12
MASTERS SALE

"a En- t
a., ALI rigbt. title and interest 10 and 10 the
iine m railroad aud property forming We srd
Jet - sad leases agreements alu cotISa,ttSs, 80
Gon.oi'qsfed COMPANY cwned OF March !. 1871.
or a. AL time Or 30 any manner 'n-''ai's'
80 Also an The right. little. ownership eq1u.SS
o. re,lsmptioi ana 'n:cr,st % said Colso.ll~tfl
company in and 20 shares N stock oi ihe 'ollo"'s
named corporations. respectively. to-wt. " -.
1900 suans Of the capital s'ock o, lake r.. 80
and Detroit River RAILWAY COMPANY tIle So
named shares being held on MNcl ]. 1911. ~ - a.
tioual Trust Company. Limited. Irn'iee sunyy Per
the terms 81 collateral trust inucaiufe w t'
Marquette Railroad Company. dated '4h'@'' .
SO shares NJ the capital s,ocS Or Grand Rapids
ksikaska and Southeastern Railroad ,oMpa"'o 49,,
Sis shares 81 tine capital stock u Fort S''ee'
st5 shares OF H. capital s,9k OF Marquette
E,ssemer Dock X NaVs3ilou company. 49,, lob
o. Huron * Western Railroad COMPANY an rat,t,
G. ~ sharS ~ the capital stock u Inc io'"'
al the outstanding shares Of the capital stock o.
Chicago West Michigan Rsil"% o@np@ ..S,,,y NJ,
Also all claims ~ said Consolidated ,oupS, i,.t
Marcht 1911 existing or thereafter inslhs dsa"',
either or az o. the said companies gr0"lns out %
adyauceIhcuis of money or otherwise ,,.h D
Also all additional shares ~ s,tN ou pa Gonsoli-
1911. owned NJ thereafter acquired uy sa,u Ssid
da,ed Company 10 any o.e ol more %
Also all shares OF tue capital stocN and s'Su',e ,
or oO cations o. other corpofailyls. Y' ,iJ con
sol.dsfeI Company With bonds issued under sS4u
improvement and Refundins General Noi'S1se %
Az IS 600 900 ar value - So First No'tsase
ronas cf lake Erif 4 Detroit River halNay Ioni-
many Limited dated August l. 1907 l'd'h n gs,
hrins Oh Mach J. 1911. held by ne Moron ' nus
tompaiy Trustee. undei a" IL So,Js u Prre
Marquette Railroad Company 10 ""0' '''
amOuuu ,t.,,,,rs cru-
msrafcd ,u said improvement and l,.iuuuhs -.
Moussse which from time 70 lilo iiSs,,i ID, tIe
tT,st-- th.rcundtr a. part N the tfust ,sisie
a. Also all property Of even uame 1hh l ,,.y
from -ime 20 time after Mhtcn H. '.' i-,. -. NJ said
Improvement and Ilefundiug General Aoi, sasg
pledged assigned or transferred by sad 'oi'oNa,e'l
COMPANY OF with Us written consent. 49,, sns
In In. bshaif to Inc trustees under uc SAID Improve
ucnt aud Rounding General Mortgage ., =,
80 Also all other property. reAi of pi'o,'a, -,
any ums acquired by or Tor said Consolidated ON
pany with The bonds Or tie pfocteuS a. 49,,
is.n.t under its said improvement aud Reiundihs
General Mortgage other than sugh q" ssid hous a.
may have been certified and delivered % sald '"'
solidated Company 10 reimoursenenA iof Us g
pendtures Heretofore made for the acVus',i'" 90
properly that shall have been subject ~ " a.,
~ sall improvement and kefuudhs 'eirlai no,
gage or upon property that shalt De 'uNl".
49, Also HI. other properly real peisonat, a,,.'
mixed Of every Kind. character and uts- iiu',,.
whatsoever. aud wherever situated which oh Maith
g. 1911. was or A. any time thereafter urean suD
..rt 10 ule lien %: the Pere Marquette Railroad
Couipany's Refundirg Mortgage 10 teu'rAi TITUS,
company ~ New YORK. a. trustee dated January
oteffe Railroad Conpany's Consolidated Mortgage
10 the Farmers Loan ard Trust COMPANY. ss u''
tee dated January 1901
~ Together with any and al rents. issue,
profits tolls ard other income " saa lhe, 90,
rsilwsy or other prupcrtie-. Including ieasth".l
estates nereinbcfore described. and any shi an
righi 'itie and interest arqur-i boy salI 'ii'"h
lated Company subsequent 10 March Iyil. u. ~
90 suy ~ sald lines Of railway or ether p"peiue''
iu,inl.ug l-aseho'd estates
Excepting and reservins however. the prIery
mentioned iu Article IwcnD nth Of ssid final
Drcrees a. excepted from the lien Of the Improve
men Mortgage
For 4 more particular description of tho property
n he sold and of the terms ~ sale intending pr
chaser, are hereby referred 10 sad tlnai DEGREES
and ~ the record IN said Consolidated Causes and
the constituent suits and 10 the statement Or stare
meuts o' tine Receiver, 40 be- MED with the Clerk NJ
said United states District court for The Eastern
District Of Michigan. Southern Division. as 10 said
Final Decree, directed
As more fully provided by said final DEGREES.
u which refereHoe d hereby made
T. said sale will be made without valuation ap-
praisement. redemption mr. extension.
II The Special Master may adjourn or post
poue said sale aud may without further notice Or
advertisement proceed with the sale on ans day 10
which the same may have been 50 adjourned
III Any ~ the trustees ~ the mortgages fore
closed hy said Final DEGREES or ans holder 81 Con
sodated Bonds or NJ Refundiug Bonds or Of I'm
D-oyem-tt Bonds or any creditor any stakeholder
Of the Consolidated COMPANY or any party to said
sTy holder Of receivers certificates or " sny obi
cations Of the Receivers may I'D al the SAFE. and
Il successful bidder may purchase DO his It's or
their own right.
Hrety or bon parcels insofar as u may bee held
by trustees under. or may be subject to me Hens
Article Fourth Of siid Final DEGREES viii be sold
subject to such fights II trustees and To such liens
i. said sale viii be made in the following
Cs) The Special Master will first offer foI sale.
separately and entirety. a. Parcel A all Of
the property and interests In property INCLUDING
all rights. contracts agreements aud easesl and
All emouments Of title thereto and evidences Oi
ovuersbip fhersOf from time % time acquired aud
sin az the date Of said sale held by or for the
peceive,s other than cash current assets materials
and supplies and will note the highest bid thereof
tbl Tie Special Master will next onef for sale.
separately and a. al entirety as Parcel Is an
Of the property and interests IN property lnclud
ing all rights contract agreements and leases)
and all eInou Srnts o title thereto and evidences
Of ownership thereof Of The Consoida,,.gd COMPANY
not covered by the lien ~ he Consolidated MOI,
gaze or OF the Reminding Mortgage cr OF the
improvement Mougage; except 50 much thereof as
shall De- Included in Parcel A and vii note the
highest bid therefor
tcl The Special Master viii next ofcr for sale
IN the manner set fonn in thls subdi~sio1 e.
thereto and evidences N ownership thereof COY
cred by the lien Of either the Conso ida'ed Mort
gage or the Rounding Mortgage or the Improve,
ment Mortgage. except so much thereof as shall
be included IN Parcel A.
tl Of said property the Special Master Will
hrst offer ior sale. separately AMI as an entirety.
a. Parcel C. ell 0f the property covered by the
lien Of the Consolidated Mortgage. aud will note
l2i or said property the Special Master will
next offer for sale separately and as an entirety.
as Parcel ID an 81 tAr properly coyerel by ine
lien Of the Rounding Mortgage except so much
thereof a. IL covered bJ the lien OF the toasol-
dated Moftgage. aud "lii note the highest o'd
The Special Master viii next orer Ter sale Pa.
cells . and d together aud viii note the highest
Sss and y when so offered together shall
exceed the agsressie or ihe hisesi BIDS Tor fst,
bids noted for Parcels 4 aud d when offered sep
ars'ely ell 10 cancelled by The Special Master
r. hour,'r ihe highest bid received Tor Parcels
& and b .he. 50 cnered together shag not exceed
The aggtesate o. the highest bids FOR Parcels
& and d when offered separately then ne special
Master will cancel the bid noted Tor fMces
and ID when 80 offered together and viii note
only the highest bids Tor Parcels { and ID when
offered separately
fV of said proner,v fhe SPECIAL Master will
ne1t OYER Tor sale separately snd a. an entirety
as Parcel =. all of ne property covered oy me
,olidsfed Mortgage Or the Rounding Mortgage. and
vii note the highest bid 4, therefor s.,. pa,
ccs G. T. and ioSsihsr ana NiI note t lhe
shall exceed the aggregate of the highest hid for
Parcel Z when offered scpsrsielg and 81 the high,
noted for Parcel when 50 offered separately ard
tle hghes bids noted for Parcels SUD u VII
he cancelled by the SPECIAL Master. II however.
fhe highest bid received for Parcels 4. ID and T.
,is1 - offered together shall not exceed the aggre
e,fe ~ the highest bid Tor Parcel when offered
sepsrs els and NJ the highest bids previously noted
for Parcels and u Then the special Master VIII
cancel saM highest hid noted for Parcels c. u and
; when 40 offered toge her. ard will note only tho
highest bid Tor said Parcel J. when offered sep
I'd Tie Special Master viii next offer for sale
g. an egt.rcty Parcels A and and
gill note the highest bid therefor. Il the highest
bid so received FOR all u SAID property when 80
o-ered Tor sale a. al enirey snaI exceed the az
sresate % the several highest BIDS previously noted
Tor Ps--eIs T. &. y ana then said highest bid
f,r add properly a. an entirety viii be- accepted.
and al OF said property viii be- stricken on AMI sod
n. al ertiret, 10 SAID highest bidder therefor and
the highest bid. noted A. Aforesaid Tor sad several
Ps,ccis will be cancelled n however the CHEST
tii, noted for al ~ said property entirety
odd lt4 4fa Of ffa al