New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-05
MASTERS SALE

an -rs-'.b-,, pror 10 March /. 1911. acquired
aHd linen held ag sai Consolidated Oomp'D ~
Successor o- O,lelw Sc under ans lease Of IAeA
Az or traffic agreement with any cofpoia''"'' 1s'o
ciai0n or person Thatsocgef. - o.. .r,o
Also all Isht title and Interest lu a-1 TO nc
.rs ol fal.road aud properly foimlhs ihc SUI
..f nf said leases agree meuts aud ccitis,s. az
fle appuuelant franchises ana piops 10 VIM Or
GousoIIafed Company owned o1 Match !. 20
. ol a. any tine b. any manner thereafter DO
qllred. - .,,.,y
o. redemption and interest OF said Consoi ds.eI
Company ~ aud 20 shares u socA Of me to.'o"i"s
named corporations. respectively, lo-"'l -. t,..
"a 900 shares o. the capital s,ccA ~ Lahe TIC
and Detroit Ryef Railway Company t.ne saiI "a.
named shares being held on March J. 1911. ~ "a a,
tae terms o. A collateral trust indentufe OF Ie,0
Marquette Railroad Company. da-ea JaN-@i'
80 share, ~ the capital stock OF Grand Rapids
halkasaa and Southeastern Railroad tVMI 49, s..
i.l,s shares 81 the capital stOcA OF fVi' S'''S-
24s shares % tie spital stock o. Marquette d
Bcs.-mer DocA & Navigation company. -, ..,
80 sIaies CONSTITUTING lHc e, .'.a,,lV. snd
o. Huron * Western Railroad tompahyt An -,
CAS- shares ~ tie capital stocA o. Inc io1'NV
All The outs ardlns snar,, or the captal stock o.
Chicago y West Michigan Raiiway Co,npsny. ~,
Also all claims ~, said Consolidated 'oAip"Af "
March l. 1911. existing Or thereafter srsiis asaN'
either OF any Of tie said companies CROWNS VD' VI
sIyauccmeufs of none, or otherwise.
Also sll additional shars Of siocA on M si H.
1911 owned o. thereafter aeGuied oy ss,u al
dared Company IN any one Or more u '''
Also all shares ~ the capita stock arc 1880
obligations q other eorPor.tlons or s"y ~ son
sol.da.ed Company with bonds issued under salu
improvement audi Refundins General Mo''ssSe u
40 =. 900 900 par value OF SO Fint Mortgase
b1nds n Lake Ere a Detroit River kAll"S ON
pauy sccure b} mortgage 10 Nan9dH lauh' bo"s
par'. Limited. lated August !. wv tsuSu I T,,9
heus OH Mach /. 1911. held BY the Mo,,on, I,
company. Trustee under an inIs,ue 1gs ., P~re
H. 1903. to secure an issue Of i1z oV-Vs g ,,aI
Marquette Railroad Company TO like Wi"''p"'
Also any and all u the prior Obligations emu,
uerated BID said Improvement and Refunding 6eirisl
Mortgage which from time 10 time after Msioh l.
1911 have been pledged with sud delivered 70 Tue
trustees theregnder a. part u the trust estate
80 Also all property Of every name snd nS ,.i
'r =, w.Itins ~ any kind for the purpose q sad
improvement aud Kcfunding Genera Nlot 80 sSs
pledged. assigned or transferred oy sau ~, one
COMPANY. or with f. written consent ~ ~, ~.
Inn - behalf 10 the trustees under the said Improve
meut aud Rounding General Mortgage. .., q,
any lime acquired ,y or fur said Consolidated Con
pauy with the bonds or the procee'lS ol Do In,
issued under its said improvement and keiunuins
General Mortgage. other than such or ssd Ooh.s -
may have been certined and delivered 10 saiu Not
Z ,ondated company IN reimbursement ioI rs *
pendlture, Heretofore made for the acauisl,loi-
prof,srty thai shall have been subjected 10 the lien
" said improvement and kefunfung GENERA MOtt
gaze on upon property that shall be subject thefeo
f6l Also all other property, real. PERSONA aud
mixed. OF even kind character and desciiplot
whatsoever and wherever situated when on har II
% IA
'rcf 10 the lien 0f the Pere Msrquette hallOau
,ompany's Rounding Mortgage 10 Central Tnis-
Company Of Ne" iofa7 as 1fus'es' Ss's pocs Ma
>. 1900 or sub!eSt Ia ile I,en 81 ny kt-aa..
quette Railroad Company's Consolidated MOT sak7
To the Farmers Loan and Trust Company. IS rus
tee dated January 1901.
ID Together With any and al rents. issues.
profits tolls and other income ~ sad lines OF
& ralssy or other properties. including leasehOid
estates herenbefOre described. and any ana an
ight title and interest acquired by said Consol r
dated Company subsequent 20 March L. 1911 IN or
IHH If
including easehOd estate
mentioned ln Article TWENTY ifih u said tinei
DEGREES excepted from the lien or me Improve
meut Mortgage
For a more particular description OF the property
to Dee .Old and Of the terms OF sale. intending pur
chaser, are hereby referred 10 said Final Decree
and 10 the record In said Consolidated Causes and
me Constituent suits and TO the statement or state
meuts the Receivers 10 be flied with the Clerk OF
said United states DlSirict t0uri for The Eastern
District o. Michigan. S0uthem Division. a. 10 said
Final DEGREES directed.
A. more fully provided Uy said Final DEGREES.
fp which reference Is hereby made
T. Said sale will be made without valuation. ap-
II Tie special Mssier may adjourn or pos,-
poue said sale aud may without further notice or
advertisement proeed with the sale on any day 70
witch the same may have been adjourned
~ Any ~ the trustees ~ the mortgages fore
closed hY said Final DEGREES or any holder u Con
s0iida'ci bonds of Of Reminding Bonds or Or I'm
prDysment Bonds sny creditor or any stockhOlder
ns the Consolidated Company or any party 10 said
Consolidated Causes o. 20 any constituent suit or
au, holder of receivers certificates Of auy Obli
gallons ~ the Receivers mas bid 40 he sale and
if successful bidder NAV purchase In his its Or
their right.
~ Said property whether sold an en.
firrty OF in parcels insofar as % may be he'd
br trustees under. o. NAV he subject 10 the liens
constituted by. any OF the instruments specified in
A-icl, Fourth " said final DEGREES viii ne sold
subject such rights Of trustees and 10 such liens
SAID sale will be made in the following mln-
lal Tie Special Master will first orer Tor sale
separately and as an entirety. a. Parcel A az o'
the property and interests iu property hnciuding
40 rights. contracts. agreements ard leases) and
aI euOluments Of title thereto aud evidences "
ownership thereof from time 10 time acquired and
stiu at the date of said sale held by OF Tor the
Receivers other than cash. current assets materials
and supplies and ~lll note me highest pa thereto
(0l The Sfe>al Master VIII nch orer tot sAi-
separately and entirety. as Parcel u. an
oy he property and Interests DO pfopeTl tlncud-
iug ali rights contracts. agreements aud lesse')
and ALI emoiu Gent, o. title thereto and evidences
~ ancTshp thereof Of the Consolidated company
nor covered Dr. the lien OF the Consolidated Mot'
gage OF o; the Rounding Mortgage or % tho
Improvement Mortgage. except 50 much thereof as
shall be- Included IN Parcel A. aud viii note the
highest bid therefor.
t.l The special Master will next offer for sale
ir Tie manner SET forth ga this subdivision tCl
eli o. the property and the emolumelis o' trle
f,oret, aad evidences o. Ownership thereof COY
cred by the lien o. either the Consolidated Mort
sage Or the Reiunding Mortgage or the Improve
mcut Mortgage. except 50 much thereof as shan
ID OF said property the Special Matter viii
fr.t ofer Tor sale. separately aud as sn euurey.
lien Of tie Consolidated Mortgage. and win note
the higicst b.d therefor.
t2j Of said property the Special Master viii
re1t offer for sale. separately and as an entirety
as Parcel ID. al ~ the property covered oy ne
lien 81 The Rounding Mortgage. except 50 much
thereof as Is covered by the lien OF the Consoi,
datol Mortgage. aud VIII note the highest Ola
rhe Special Master will next Offer Tor sale Par
cells { and ID together. AMI viii note The highest
bid therefor u the hisnest 90 received Tor fai,
exceed the aggregate q the highest bids Tor Par
GELS aud ID when offered separately. then mo
bid, noted fof Parcels c and u when offered sep
arately will be cancelled by the Special master.
r. however the highest bid received for Parcels
: and u when 50 offered together shall not exceed
& and II when offered separately. then TIE Special
Master will cancel the bid noted FOR Parcels
and ID when so offered together. snd will note
ony the highest bids 'or Parcels and when
I'D 0f ssI property the Special Master Will
next OFFER for sale separately and AS an entirety.
as Parcel T.. all %; the property covered b. the
lien OF the improvement Mortgage except so much
thereof As is covered by the Hen Of either the Con
viii note the highest bid therefor
The special Master wiz next offer Tor sale Par
Rsh.. bid therefor G Il the highest lid received
for Parcels &. apd when so offered together
Parcel T. when offered separately and - the high
80 Kids noted Tor Parcels and d. then the bid
noted FOR Parcel + "hei 50 9neteI sspaIsHg sn1
fha highest bid. noted for Parcels & and ID will
be- canceiIsd hy the Special Master H. hOScycr.
fhe highest bid received FOR Parcels {. ID aud +
when 20 offered together shall not exceed the aggre
gate ~ DO, highest bid for Parcel when offered
separately aud Of the highest bids previously noted
far Parcels & ard H. then the Special Master will
cancel said highest bid noted for Parcels c. D and
4 when So offered together. and will note only the
highest bid for said Parcel l. when offered sep
aratey.
fd) The Special Master will next oner Tor sale
As an entirety Parcels A. Is. G and T. and
Will note the highest BID therefor II the hlghest
iii IN received rnr an N said property when so
offered for sale as an entirety shall eSoccd the az
.rrgste of the several highest bids previously noted
Tor Parcels A. Il. {. d aud p. then ,aid highest Did