New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
MASTERS SALE


First Mortgage as an entirety. the sum
OF $4,000:
lol FOR the property described in subdl-
vision tb OF this Paragraph. the sum
Of $4,000;
81 for the property described in subdi-
vision tc) Of this Paragraph. the sum
of 100000.
and II such required sum shall not be nd for
either ~ said parcels. the Special Master
VIII. unless the required sum shall be lid
for all Of said property "a an entirety. ad-
lOuTn the sale OF the parcel for which tho
required sum shall not be bid and Will apply
20 the Court for further instructions In re-
spect thereof: but he VIII strike on TO the
highest bidder or bidders therefor the parcel
for which such required sum shall have been
bid
The Special Master will receive no bid
from any one offering to bid who shall not
first deposit with him "a a condition prece-
dent 10 his right 10 hid and az a pledge that
such bidder will make good his nd In case
~ its acceptance ~ the Special Master and
confirmation hy the Court.
10 In case OF the property described IN
subdivision tbl Of this Paragraph the sum
81 S210 IN cash or by certified check
upon any national bank or trust compaLy
iu the state II ohio or tho city of New
York acceptable TO the Special Master and
made or endorsed payable 20 his order, or
in lieu of said deposit In cash or by check.
S200. 900 face amount Of First Mortgage
Bonds In bearer form. hearing the coupons
apuertainlug 10 such bonds maturing Octo-
Der I. 1915. and sut sequently;
90 In case II the property described in
subdivision (c) OF this Paragraph. the sum
81 so 900 IN cash. or by certified check
upon any national bank or trust company
in the state of Ohio or the city Of New
York acceptable to thf Special Master. and
made or endorsed PAYABLE 20 his order. or
in lieu II said deposit In cash or by check,
100000. face amount Of First Mortgage
Bonds IN bearer form. bearing the coupons
appurtenaht 20 such bonds maturing Octo-
Der I. 1914 and subsequently,.
90 In case % the property embraced In
said First Mortgage as an entirety. the
sum u $50 GOO 10 cash. or ly certified
check upon any national bank or trust
company iu the state ~ Ohio or tho city
OF New York acceptable 90 the Special
Master. and made or endorsed payable to
his order or IN lieu OF said deposit In cash
First Mortgage bonds In bearer form. bear
ing the coupons appurtenant 10 such bonds
maturing October l, 1914. and subsequently,
deposit made by any bidder for a sepa-
ratio parcel. may, SO far as applicable. be
applied on account OK the deposit required
10 De made IN order TO qualify him 10 bid
for the same property when offered as part
Of the mOrtEaged property as an entirety.
In lieu Of the deposit Of First Mortgage
Bonds ana coupons with the Speci'l Master
hereby permitted the Special Master Will
accept the certificate Of the New York Trust
Company that 10 holds subject to mis- order
the amount therein specified OF First Mort
gage Bonds IN bearer form. accompanied by
tho coupons therein stated. The delosit re-
ceived from any unsuccessful bidder will be
returned 10 him when the property has been
struck OF The deposit received from any
successful bidder viii be held by the Special
Master subject 20 the orders Of said Court,
and upon confirmation of the sale will be APP
piled on account OF the purchase price OF the
property for which said-bids were made.
VI In case any bidder. after the accept
arce OF his bid by the Special Master. shall
FnNH NHH nil In
days with any order OF the Court requiring
or relating TO the payment OF the balance
81 tho purchase price. then the sums depos-
ltsl los such accepted bidder or bidders az
hereinbefore provided. whether IN cash or BY
check or represented by First Mortgage
l-)nls will be forfeited as a penalty for
such failure and VIII be- applied 10 the pay
mout Of the expenses Of q resale and iowa "a
making good any deficiency or loss IA case
the property shall 10 Sold at a less price on
any suth resale and fnr such other purposes
"a the Court may direct II the Court shall
not confirm any sale. the deposit made -
tho accepted bidder Will lie forthwith re-
turned to such bidder
VII. The purchaser or purchasers on the
confirmation of the sale ~ the Court shall
make such further patmen, or payments IN
cash on accfuut 81 th. purchase rice As
the court may from time to time direct So
mrrh o. the purchase price as may NOT he
required by tie Court 10 be paid in cash
may either be llid in cash or any purchaser
may sausfy and make good such residue "
his hii in whole 90 ht part by turning over
70 tho Special Master 90 Re cancelled or
Gre dttci as hereinafter provided. First Mort
gage bonds aud coupons thcf~uut0 appertuin-
Ing IT, iieu uf go turning over TO the Special
Master first Mortgage Bonds and coupons.
ihe SPECIAL Master VIII accept the ceriih-
cato q Tile New York Trust Company
urt d holds subject 20 his order tho
amuuri trrusln specified - FIRST Mort
unrr Ponds Zoo icnrnr form and arcOm-
panied ty The c0upnrs therein stated
purchaser will Dee credited on accOur. 81 the
purchase price 10 iIst Mortgare Rnnds ani
ue colpona thereunto app-rtaiuing turned
such sum - would he paid IN cash upon such
First Mortgage lionds ana coupons our %
thc proceeds u sale n the whole amount Of
the purchase price had been paid IN cash
The term "purchuser' whsfeVef used IN this
Notlcc mr. ~ said Final Decree Includes the
plural IN case thor. shall 10 more than one
purchaser 81 any property sold hereunder
VII The Court reserves the night 10 resell
tho property sold 90 any purchaser upon
such notice as II may dlrec; at the risk and
cost of such purchaser. in case such pur-
chaser shall IAN or omit 10 make any pay
msnt on account 81 the purchase price within
tNsnty days after tho entry % any order
requiring such payment. Neither any pur-
chaser. nor his succsasors. o. assigns shall be
required TO see 10 The application OF the
purchase money Zach purchaser shall have
Court and 90 hetone a party 20 the cause
TX. ~ provided In Article Xxx OF said
Final Decree purchaser % the whole or any
part of the Mortgaged property shall take
the same subject TO all taxes. assesri rents
and other charges that are a Hen on said
property. and the purchaser ,of the mort
gagged property as an entirety. or II II shall