New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-26
MASTERS SALE

And all other nights estates, properly pan,es ss
and franchises prior 70 March l. IN cnnnsSS ss
successor or >Isher,Ese under sny lease or u.ch
/ age or uA1ic agreement with sIS cotV"isio ~
Aiso III risS, lille Snd interest in and 10 the
line " railroad and property forming tte ~
sct o. said leases agreements ana eoh,.,s - 80
lie appuriea ant franchises ana proqery "hl'h sh'
Consolidated Company owned on hHch !. 49, "a.
o- a, aay time OF In AM manner 'AeieA''e' -
qulr,d. -,,- .,,,,,v
tg Also al the night title. ownership equity
o. lcdsmp. los and interest Of said toAsotllsssSS
/ Company r. and 70 shares o. s'oSA oi .'ie 'V''
named corporations respectively, to-WH. -. ~.
D. lt 900 snsrrs u the capital s,ccs OF bAAe ~, 80
and Detroit River RallwaJ COMPANY ',aS So "
t named shares oeiug held on March /. 1911 " "a
ti0usl Trust Company. Limited. Trustee, suoJeNn "
the term, u a collateral trust lndeatute U
Marquette Railroad Company. aaled 'SH'"'' -
800 shares OF the capital stock OF Grand Rapids
kskssks and Southeastern Railroad SoIrp." strst
I SIS shares OF the capital stocA OF for' S"S
O. Uuicn Depot Company: ,,-.,,,,. 4
2lT shases Of the capital stock Of MLeueus
Bessener DocS d Navigation CompAA' us,,I stock
SIS shares constituting the entire cApta $50
o; Huron 4 Western RAILROAD Company: ana 81,
/ ga, shares ~ tie capital stock % l'o 'N
Terminal Railroad Company; -...L =,
/ Chicago West Michigan RAILWAY CoMbsIy. n,
Also all claims % said Consolidated OOnVaLf ~. "a
March l. 1911 existing thereafter aislns asanss -
ei,her any q the said companies T0"u' O'' ~
. Also iii additional shares o, stock on March l.
l9lI owned or thereafter acquired oy said touso
.
9 corporations hereiDbefoTe mentioned ,.t.
Also all sharts o! the capital sto-k Ald 1870,
OF obligations o. other eorpo atom % nv S,d Con
sodsied Company with bonds lssusn ui.u s az
I Improvement aud Refundns General mortgage VI
'" AIso s. 900 900 par value o. Sc Fir,t Mortgage
+ bonds Of Lake Erie & Detroit River Ral,Nay ION
. mann secured by mortgage TO National Irlst ,Om
. nsny Limited dated August l, 1907 sucn o0Ids
bsi.g on March l. 1911. held by the MORTON Us ,use
COMPANY Trustee andf, ,,, an Of ~ Sonds Of Pere
Marquette Railroad Company to Ike p'Hi'''"'
amount. -, .,,r,,i,-s emil
neratsd n said improvement and Reminding 1ei,ei a.
Mortgage Witch from time 10 time atier Mar" ,i y.
/ ,1,sfces t6ereunder as part OF the trust estate
1U Also ali property of every name and nature
from time to time after Mhrh = lsaa W ~ aid
Or by writing Of any end Tor We ~. Ncrtgase
1 improvement and Rciunding Genera Myis-aTT
pledged assigned transferred By sara @ o,'
Company with its written consent VI tn'C,ovse
lu m. behalf 10 the trustees unde- the sa,d improve
ment and Refundng General Mortgage , =.
I 80 Also all other property, real 81 priioi,al. a.
sny time acquired by or ior said Consolidated Com
4 i.siied under It's said improvement and Rounding
General Mortgage. other 'haa such 81 sdla Uu'es .
NAV have been certified and delivered 10 sau 'cu
I solidated Company in reimbursement ioL US "a =,
prndtures Heretofore made for Tue acallsuo'. u
urouerty that shall have been subjected 10 INC lsh
! Of said improvement and Refundlng Genera MoiI-
gage or upon popery that shaA oe UeesorsI and
/ mixed. OF every kind. character and descrlpuonn
whatsoever. and wherever situated Nhich on MAJ t
I l. 1911 was or az any tine thereafter became slo
{ ject 10 the lien Of the Perc Marquette Railroad
= Company's Rounding Mortgage 10 Central Irls.
! : i9O5 or subject 10 the lien OF the Peie Mar
/ quette Railroad Compsny's Consolidated Mortgage
TO the Farmers Loan AID Trust Company as uus
! ~ Together With any and all rents. issues:
! profits tolls and other income o. sad INES o,
/ IailWay o. other properties including leasehol1
estates. hersin5etore described. ana any anu A.
light title and interest acquired by said Ccnsoll
/ dated Company subsequent TO March !. 1871. IN or
/ 20 any Of said lines Of railway or other properties
/ including lsasehoid estates.
/ Excepting and reservius. however. the Dropsry
mentioned In Article Twenty nnh OF said Final
| DEGREES az excepted from the len OF the Improve
meut Mortgage:
For a more particular description OF the property
10 be- sold and OF the terms Of sale. intending pdr
} rhasers are hereby referred 10 said Final DEGREES
and 10 the record In said Consolidated Causes and
the constituent suits and 10 the statement or state.
rnants M HE Receivers to be FLED With the Clerk o,
said United States District Court for the Eastern
District n Michigan. southern Division. as In said
. Final DEGREES directed.
A, more fully provided By said Final DEGREES.
70 which reference Is hereby made
l. Said sale viii be made without valuation. APP
prasemeut. redemption or extension.
II. The special Master may adjourn or post
pone said sale snd may without further notice or
advertisement proceed with tho sale any day 70
which the same may have been 50 adjourned.
Iii. Any Of the trustees Of the mortgages fore
closed by said Final DEGREES OF any holder OF Con
,olidated Bonds NJ Refunding Bonds o. I'm
pfoyement Bonds or any creditor or any s'OckhOlder
~ the Consolidated Company or any party 70 said
Consolidated Causes or 10 sny constituent suit OF
aus holder Of receivers certificates or Of any obi
. cations % the Receivers may bid al the sale. and
II successful bidder MAJ purchase IN his. lis OF
~ said property. whether sold as an en-
tirety In pare.s. insofar sS II NAV be held
by trustees under Or may BE- subject TO the Hens
constituted b. any Of the instruments specified IN
Art.ce Fourth Of said Final DEGREES, Will 10 sold
subject 10 such rights OF trustees and 10 SUCH Hens
j. said sale will be made in the iollovins man
separately and entirety. as Parcel 4. all o.
the property and interests IN property tincludln'
all emo!uments Of title thereto and evidences o.
Ownership thereof from time 70 time acquired end
still at the date OF said sale held by or Tor th'
Receivers other than cash. current assets mater ais
aud supplies. ard will note the highest bid therefor
10 The Special Master will next OFFER FOR sale
separately and as an entirety. as Parcel Is. al
. ing an rigI's contracts. agreements and leases
AID all emoluSeatS Of title thereto and evidences
OF ownership ,ueTeo; % he Consolidated Company
not covered by the lien ~ the Consolidated Nor
gaze o. he Reminding Mougsse OF Of the
shall 10 Included IN Parcel A. and viii note the
highest bid therefor.
trl The Special Master viii next orer tor sale
10 the manner ser forth ~ ms suni.nslgr tcl
an o, the property and the emoluments OF title
tlorcto and evidences OF ownership thereof 90!
D. efed by the lien q either the CONSOLIDATED Mort
gage or the ReiundIng Mortgage or the Improve
ment Mortgage except 90 much thereof as shall
III OF saii properly e the Special Master will
first offer for sale. separately and as an entirely
as Parcel all 81 me g0ps,y 'o .nG ,i p tGs
the uighes, bid therefor
~ Of said property the Special Master will
next offer FOR sale. separately and as an entirety.
As Parcel y. al 81 The property covered by the
lien o. The Refuading Mortgage. except 50 much
thereof A. j. covered by the lien Of the C0nsoll-
dated Mortgage. aud Will note the highest bid
therefor. n
cells and d together, aud WI note the highest
Did therefor II the higa"st 6.d received Tor PAr,
cells { and d when, so offered together shall
exceed the aggregate OF the highest bids ior Pay
. cells e and ID when offered separately. then the
bids noted for Parcels c and ID when offered sep
arately will be cancelled By the Special Master.
n hoFeyer. the highest bid received Tor Parcels
and when 50 offered together shall not sieeed
1e and %hsn orsrsd separately. then the special
Master will cancel the bid noied for Parcels {
o Snr ,bo bighest bid, for Parcels and D when
III or aid property the Special Master will
ueSf otter for sale separately and "a an entirety.
as Par.e, l.. all o. The property covered by The
lien u the Improvement Mortgage, except so much
thereof As is covered by the lien Of either the Con
soildatod sNiUtgaEe or the Renuding Mortgage. and
viii note the highest bid therefor.
] eel, & ID and T. together. and viii note the
highest bid therefor. II the highest bid received
I fn@ Panels c. ID snd T. when SO offered together
,hal exceed the assresate o. tho highest bid FOR
. Parcel r when offered separately and ~ the high
! est bids noted FOR Parcels 4 and ID. then the bio
. noted for Parcel when offered separately and
M, highest bids so noted for Parcels and ID viii
, he cancelled by the Special Master II. however.
/ tbs highest bid received fOr Parcels e. and T.
When 20 offered together shall no; exceed the agsre
/ esfe % the highest bid Tor Parcel when offered
separately and OF the highest bids previously noted
+ Tor Parcels and d. then the Special Master will
cancel said highest bid noted Tor Parcels c. II sud
& when 80 offered together. and Will note only the
highest bid FOR said Parcel when offered sep
. aratrly.
ID Tho Special Master viii nett offer Tor sale
A md aud
Viu uo.e the highest bid therefor II the highest
JId 50 received Tor all ~ said property when So
offered for sale a. entirety shall exceed the az
g5.g,t. OF the several highest bids previously noted
ID ON. y .... sELl .IzL.sL bid