New-York tribune., 1917-06-01
MASTERS SALE

1
! forfeited as penalty for such failut- an
, Will be applied 20 the payment or the eh
penses of resale and toward hlaHIns
/ good any d-r1ency or loss In case tns
properly shall be sold at a less price OF
/ such resale. and 70 such other purposes
/ said Court may direct
| II said Court shall not confirm any ssle
| the deposit made by the acSep.su p.,,n.d 70
: AT such sale. will be forthwith returheu "
/ such BIDDER.
] Ninth The purchaser upon connrmation oi
n. sale shall make such further pay
I or payments in cash on account OF W.
purchase price said court Wd5 llO..'
3 time 10 time direct. 80 much OF the pIr
chase price may not be required ~
B said Court % be paid ia cash may el,hel
be paid In cash or the purchaser may
{ satisfy and make good the residue OF ne
7 BIZ IN Whole OF iu part boy turning over 10
. tho Special Master 10 be- cancelled or cred,
! tied as hereinafter provided, bonus -
Z coupons entitled 10 be pall out ui ~ ~
proceeds Of sale OF distribution thereot -
/ IN said Final Decree set torln 80
l bonds and coupons shall be In bearer toIIn
! or accompanied by proper transfers 10 '"0
. Special Master. A.
I Special Master may accept from the puI-
4 chaser the certificate Of any national pdHn %
B trust company IN the city Of New lork OF IN
: the City Of Cincinnati. acceptable 10 the
Special Master. that It holds subiect 10 nls
order bonds 20 the amount therein speciHeu.
/ and. IL in coupon form. accompanied oy
D. the coupons therein stated
! The purchaser shall be credited on account
T OF the purchase psice OF the property by MN
/ purchased for all bonds and coupons turned
/ over. or specified in certificate delivered ds
. hereinbcfore provided, In part payment ..
] the purchase price. with slch sums as "VNiu
te usid In respect to such bonds and cou-
pons out Of the proceeds OF the sale II tIe
/ whole amount OF the purchase price 49, We.
/ paid I'm cash. said Court reserves te Tls'1
! TO resell upon such notice said Court may
D
i In case such purchaser shall fail or oil'II 70
/ make any payment on account OF 'ns nsi,h1,
/ paid balance of the purchase price Win"
/ twenty days after the entry OF an oioeI le
/ curing such payment
purchaser shall not be required To pay
: ;he shares dlstribUtable In cash out OK ths
} proceeds OF sale upon lronton Bonds or to1,
pons appuitensnt thereto. or upon fiist ana
Eefunding Bonds or coupons appurtepsht
, thereto. or upon General Bonds or COu-
pons appgrtensnt thereto, until ten GAYS
I after said Court shall. on application OF or
! on behalf Of the holder OF any OF SAID nohuS
or coupons. enter its order Or dec'ee dlteIt-
ing payment in accordance Win such olusi
. Of the cash distributiye share or the ptocteus
/ OF any sale to which the bonds and coupons
or any OF them s respect OF which their
holder shall make application as atoIesalu'
shall be entitled. Until purchaser, nIs - -.
I cessors or assigns, shall have pald IN cd'n
] TIE distrlbut!ve shares In the proceeds Oh
sale 10 which any such bonds or cou-
I pons not used IN part payment or the puI :
chase price snail lie eHtllltps tlN4tSi ~ -
. Special Master or into Court or IN accord
| ancs with some order c. said court sald
Court reserves a paramo INT lien ana ondI 81
/ upon the property sold 10 such ptIendse' a,'l
I everv part and parcel thereof for the pay
t ment in cash Of any unpaid part or portion
of the purchase price. and In case tne pul
chaser. his successors or assigns, shdtl Hdne
default for q period Of twenty days IN COM
plying with the directions of any order for
such paymeut made by said Court upon hie
application OF the owner OF any sich pohos
or coupons. then said Court may retahe anu
D. resell the property sold 10 the purchaser NhO'
. or whose successors or assigns. shall 80 have
made default, and at his or theiE cost anu
risk 49,. ,t,
' Final Decree the purchaser OF any OF hail
. uropertv shall take the same subject 10 any
. and all taxes and assessments Whlch hlaIl
be a lien upon any OF the property pui :
chased. and the purchaser Of any or fsil
property tother than the property desctlDel
. in subdivision tbi Of clause II Of Paragrapn
. Firth hereof. or Of the property describea IN
. subdivision tbj OF clause III Of ParaSraph
I'ifth hereof as separate PARCEL. his sue
cessors and assigns. shall as part OF the
consideration for the property purchased ana
In addition to the sums bid by him and else
where IN said Final Decree. or IN any other
. order or decree which may hereafter be made
IN said Consolidated Cause. required 70 De
paid by him. take such property and receive
the deeds or other instruments Of conveyance
and transfer thereof. upon the express con-
[ dition that he or his successors and assigns.
shall pay. satisfy and discharge:
(a) Any unpaid compensation that ha.
been or shall he allowed TO the Special
Master heretofore appointed In said Con-
solidated Cause or IN any Of the constit-
tent causes. any unpaid compensation that
has been or shall be allowed 10 the re-
ceivers IN said Consolidated Cause or their
solicitors, and also any unpaid INDEBTED
ness and liabilities OF the receivers incurred
in said Consolidated Cause, or In any or
the constituent causes. In the management
- h. to mi ha o n
otherwise in the discharge Os their duties
as such receivers TO the date OF the delivery
by the receivers ot1ossession OF the prop
erty sold.
(O Anv unpaid claims OF creditors OF
the Railway Company which have been or
shall be admitted by the parties IN interest
or adJudged by said court 70 be prior IN
lien or superior In equity 10 both the First
and RefundinG Mortgage ana the General
Mortgage and. in the case Of purchaser
embraced in the Ironton Mortgage "a a
separate parcel TO the Ironton Mortgage.
| to the extent that they have not been paid
. or shall not have been paid out Of moneys
l in possession Of the receivers. ANY surplus
B. OF said moneys remaining atter the payment
/ OF the claims mentioned In the foregoins
/ subdivisions ta) and tb) shall be paid by
the receivers TO the purchaser OF the parcel
. of property provided for In clause " or
Paragraph Fifth hereof. or TO his successors
I or assigns or on the order thereof.
In case the property by said Final Decree
! directed 20 be sold shall be sold m parcels
no purchaser OF any part Of the property
I embraced in tho lrontOn Mortgage shall lie
, required TO MAKE payment OF any indebted
ness OF liability contracted OF incurred by the
I Railway Company unless such claim shall
I be adJudged by said Court 20 be prior in
lien or superior p equity TO the Ironton
7 Mortgage the tirst and Rcfundng Mortgage
/ and The Genera Mortgage. and each Of them
I and the purchaser OF the property described
. in subdivision tcl Of clause II OF Paragraph
! Fifth hereof or Of the property described In
/ clause " or Paragraph Fifth hereof shall not
I he required to make payment OF any In
4 debtedness or liability contracted or incurred
Z by the Railwa~ Company unless such claim
. shall be adjudsed by said court 20 be prio-
I ~ lien or superior in equity 10 both the
. First and Rcfundiug Mortgage and the Cen
I eral MOrtgag' anc ss among said respective
, parcels said Cou1 VIII appouion the in
/ debtedness or liabilities to which they may
| respectively be subject and charge against
. the proceeds Of sale Of the respective parcel,
/ their proper proportion OF such indebtedness,
. or Liabilities.
| The parties 70 receive and nay. and the
| amounts 90 be paid and e~eived. under said
/ Article Ninth. unless agreed upon By the
| parties in interest. shall be liked and adjudi-
Gated by said Court, and said Court re-
/ serves the right and retains the power and
7 jurisdiction 20 TO do. and the right power
. and jurisdiction to take back and resell any
property that shall be sold under said Final
I Decree In case the purchaser or purchasers
! Or his or their successors or assigns. shall
/ fail TO pay anv ot the claims mentioned in
| said Article Ninth when by said Court re-
I duired and In case Of failure 10 pay any
other part Of the purchase price Of the prop
I erty sold under said Final Decree. within
! twenty days after service Of an order OF said
] court requiring such payment. or Il an ap-
| peal be taken from any such order within
I twenty days after service OF written notice
. Of final confirmation OF such order upon
1 appeal.
In the even, that anv purchaser or hi,
/ SUCCESSORS or assigns. after demand made
. shall refuse 20 paw any - the above-men-
toned Indebtedness or liabilities which under
the provisions Of said Article Ninth he IS
/ or NAV be required TO pay. the person hold
Ing the claim therefor. upon twenty day,
I notice 10 such nur haser. his Successors or
IL