New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-25
MASTERS SALE

fc) The sum OF 40 Tor the propeTO
pledged % secure the payment OF GER
tain note Of tho defendant Railway
Company 20 the Board OF Hospital ssI-
Vice Managers and described IN SupuI-
vision OF Article XII Of said deSress
and IN Subdivision Of Article III OF
the descriptive clauses hereof
Cd The SUM Of $4,000 for al otne.
property sdJudged by said dserees not
First and Refunding Mortgage OF the
defendant Railway Company. and o.
scrlbed IN Subdivision p Of Article M
OF said DEGREES and in Subdivision % OF
Article IL Of the descriptive clauses
t,j The sum Of ,is,+Ooooo for the
property subject 70 the lien OF said FITS,
and Rsfundlng Mortgage. and described
in Article VII Of said DEGREES and In Art
Gle | OF the descriptive clauses hereof
~ The sum OF ,is,l5o.o10 for all the
Article XII OF said DEGREES and In Arti-
cles 4 and II OF tbs descriptive clauses
hereof. as an entirety,
and N such respective sums shall not be
bid for any OF said parcels. nor said sum
for the property described IN Article WI
and In Article XII OF said DEGREES and IN
Articles I and II OF the descriptive
clauses hereof, as an entirety the specisi
Master will adjourn the sale OF such par,
eel or parcels for which tho required
amount shall not have been hidden and
will apply 10 tho Court for further In
structions In respect thereof.
I. In case any bidder upon the accept
sncs OF bis bid by the Special Master:
shall fan 10 comply. within the period OF
twenty days after tbs entry thereof. with
any order OF said United States District
s SSn Eastern sau Division. requiring or re:
latinF TO the payment OF the balance OF
the purchase price, then tho moneys OF
bonds or claims deposited by such &C
siIi b. 0t sorfsjt.d as penalty Tor such
failure, and will be applied to the pay
ment OF the expenses OF resale, anu
toward making good any deficiency or
which such accepted bidder shall mako
default shall be sold at less price on
such resale. and 90 such other purposes
as said Court may direct.
II said Court shall deny an application
60 confirm any sale. tho deposit made ~
any accepted bidder at such sale VIII
thereupon be returned to such bidder.
8. Upon the confirmation OF any SAFE,
the purchaser shall make such paymert
or payments IN cash on account or the
purchase price as said Court may from
time 10 time direct
So much OF the purchase price as may
not be required by said Court 20 be paid
in cash may be paid In cash or the pur-
chaser may satisfy and make good the
balance OF his bid In whole or in part by
delivering TO the Special Master 20 be can
celIsd or credited. as provi led I'm said de-
crcss. FRS, and Refundns Mortgage
Bonds Of tho defendant Railway Com
pany. IN bearer form, and, II coupon
bonds. accompanied by the coupons apper-
tanning thereto due September ], 1915, and
subsequently, to be paid our OF the pro-
creds Of sale on distribution as provided
in said DEGREES. and claims against the
defendant Railway Company which have
been or may be SLOWED and established
IN said consolidated Gauge IN the United
States District Court Tor tho Eastern Dis
trlct Of Missouri. Eastern Division. and
are to he so paid az in Article XXI of
such deoSees provided. including any de
hcieucy Slaim8 in respect OF such First
and Reminding Mortgage Bonds and cou-
pons which may be allowed by said Court
In favor OF tho trustees OF said First and
Refunding Mortgage or any bondholders,
and also any deficiency claims which may
be allowed By said Court In favor Of tho
holders or any other bonds or obllga-
tons Of the defendant Railway Company
secured by mortgage or pledge OF col
lateral, or OF the trustees Of tho mort
cages or trust indentures given 70 secure
the payment OF such bonds or ooliga-
tons, and which are TO be 30 paid.
Registered bonds shall be accompanied
BY proper transfers 70 the Special Master.
and said claims shall be accompanied by
proper assignments thereof to the Special
Master. in lieu Of bonds and coupons or
claims. the Special Master may accept
tho certificate or certificates Of any
solvent bank. banking institution. trust
company or banking firm Within tho
United States OF America or any Euro
pean country, acceptable 10 the Special
Master. that it holds subject 20 his order.
or subject 10 the order OF the person or
persons, or corporation therein named and
assigned 20 his order bonds OF the
amount therein specified, and. u IN cou-
/ pom form accompanied By tho coupons
quirod character and Of the amount there
IN specified accompanied by proper and
appropriate assignments thereof, trans
f.rring the same TO the Special Master.
Tho purchaser viii be credited on ac-
count OF the purchase price Of tho prop
erty b. him purchased for all such bonds
and coupons and for I'll such allowed
claims 20 delivered 70 tho pectsl Master.
IN part payment OF the purchase price,
with such sums az would Be payable IN
respect OF such bonds. coupons ana claims
made pursuant 10 said DEGREES II the
whole amount Of the purchase price vero
paid IN cash.
Said Court reserves tho right 20 retsks
and resell. upon such notice rs said Court
NAV direct, any property sold 10 any
purchaser in case such purchaser shall
fsil or omit TO make any payment on ac-
count OF the unpaid balance Of tho pur-
chase price Within twenty days after the
entry OF the order requiring such pay
ment.
a purchaser viii not bs required to pay
20 tbs Special Master the amounts pay
able In cash, out OF the proceeds Of the
sale TO such purchaser, In respect OF any
Of First and Refunding Mortgage Bonds
and sppurtenant coupons payable on
September 1872. until twenty say ,s
the holder OF any Of said bonds or cou-
pous, enter IT'S order or decree directing
the payment Of tho cash distributive
share OF the proceeds Of tho sale 10 such
pous, ia respect OF which such holder
shall make application as aforesaid, shall
be entitled.
Until A purchaser. his successors or as
zlsns shall have paid IN cash the dis
trtbutiyl share Of tho proceeds Of the
sale 10 such purchaser 70 which Ell such
bonds or coupons shall be entitled either
directly or in accordance With some order
OF satd Court or into court said Court.
subject to It's further order. reserves para
mount lien ana charge upon tho prop
ertY sold TO such purchaser and every
part and parcel thereof. for the payment
Into said Court IN cash o. such unpaid
part or portion % tho purchase price.
and IN case the purchaser his success
sors or assigns. shsll for twenty days
fail 90 comply with the terms Of any
order for such payment made By said
Court. then said Court upon the aoplics-
ton OF tho owner OF any such bonds or
coupons, may fetske snd resell the prop
erty sold TO the purchaser, who or whose
successors or assigns shall 10 have mado
default, and ct his or their cost and risk.
a purchaser snail not be required -
go 20 tho application OF tho purchase
money, nor be snswerab's IN any msnner
whatsoever for any loss. misapplcs ton.
or non application OF any such purchase
money or OF any part thereof.
2 A provided IN Article XVII of
said decrees, the purchaser OF the prop
er,y described In Article VII OF said de-
erees and IN Article I OF the descriptive
clauses hereof. as part Of tho consider
alton for said properly and as part OF tho
purchase price thereof and IN addition 20
The sums bid by him and elsewhere in
said DEGREES required 10 be paid by him,
shall take such property and receive tho
deeds or other instruments OF conveyance
and transfer thereof. upon the express
condition that ha or HIS Successors or al
signs shall pay. satisfy and discharge.
fo) Any unpaid compensation which
has bean or shall b allowed % George
q. Hitchcock, the Special Master. ap-
pointed prior 20 December Il. 1915. an
sad consolidated causes. or IN this con
sutusnt causes IN which Guaranty Trust