New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-18
MASTERS SALE

,o) The sum Of 80 for the property
pledged 10 secure the payment OF CO.
tain note OF the defendant RahsS
Company 70 the Board Of Hospital ssr-
vice Managers and described In suodi-
vision { OF Article XII OF said deerss
and in Subdivision c OF Article ii OF
I'D The sum OF t7Bo,ooo for all other
properly ,cJudssd " said deersss no,
70 be subject TO the lien OF ths sac
First and RetundInE aortsss. q The
scribed IN Subdivision ID Of hrticls XII
Of said DEGREES and In Subdivision ID OF
Article III OF the descriptive clauses
hereof.
ts) Tho sum OF sis,ioo,ooo for ths
property subject 10 the lien OF said First
and Rsfundins Mortgage. and descriosd
in Article VII o. said dscrses and In Arti-
~ The sum Of yislS0.e20 for all the
property described In Article VII and IN
Article XII Of said DEGREES and in Arti-
Giles and RI OF the descriptive clauses
hereof. as an entirety;
ana ~ such respective sums shall no. re
bid for any OF said parcels. nor said sum
for the property described In Article WI
Articles and II OF the descriptive
clauses hereof as an entirety. the Special
Master will adjourn the sale Of such par.
eel or parcels for which the required
will apply to the Court for further In
structions in respect thereof.
I. In case any bidder upon tho accept
sncs OF his bid by the Special Master.
twenty days after tho entry thereof. with
any order OF said United states District
Court for the Eastern District OF Mis-
souri,. Eastern Division. requiring or 70.
lstins TO tho payment OF the balance OF
tho purchase price, then the moneys or
bonds or claims deposited by such &C
vii be forfeited as penalty ior such
failure. and will be applied 10 the pay
! ment OF the expenses OF Pesala. ana
toward making good any deficiency or
which such accepted bidder shall make
default shall be sold at a less price on
such resale. and 20 such other purposes
as said Court may direct.
n confirm any Gale. the deposit made oy
any accepted bidder At such sails viii
theroupon De returned to such bidder.
.. Upon the confirmation OF any sale,
tho purchaser shall make such payment
or payments IN cash on account or the
purchase price ss said Court may from
time 10 time direct.
So much Of the purchase price as may
not be required By said Court 70 be paid
In cash may be paid in cash or the pur-
chaser may satisfy and make good the
/ delivering to the Special Master to be can
celled or credited, as prov LED In said de-
cress, First and Refunding Mortgage
Bonds Of tho defendant Rsilwsy Com
N
bonds, sccompa nied by the coupons apper
tslning thereto due September l, 1915. and
subsequently, TO be paid out OF the pro-
eseds OF sale on distribution as provided
in said DEGREES. and claims against tho
defendant Railway Company which have
been may be allowed and established
In said consolidated cause in tho United
States District Court for the Eastern Dis
trict OF Missouri. Eastern Division, and
10 be so paid In Article XXI OF
such DEGREES provided. Including any de-
hciency claims In respect OF such First
and Retunding Mortgage Bonds and cou-
pons which may be allowed By said Court
/ in favor OF tho trustees OF said First and
Rstundlng Mortgage or any bondhold
/ and also any deficiency claims which may
be allowed by said Court In favor Of the
holders Of any other bonds or obliga
tons OF the defendant Railway Company
secured by mortgage or pledge Of col
cages or trust indentures given to secure
the payment OF such bonds or ooliga-
/ lions and which are 20 be 20 paid
/ Registered bonds shall be accompanied
by proper transfers 70 the Special Master.
d and said claims shall be accompanied by
/ proper assignments thereof 10 the Special
Master. In lieu OF bonds and coupons or
claims, the Special Master may accept
the certificate or certificates Of any
solvent bank, banking institution. trust
company or banking hrm within tho
United States OF America or any Euro,
pssn country. acceptable 20 the Special
Master that II holds subiect 70 his order.
or subject TO the order OF the person or
persons, or corporation therein named and
assigned 20 his order bonds OF tho
amount therein specified ana, IL in cou-
pom form accompanied by the coupons
| therein specified. or claims OF the re-
qulred character and Of the amount there
( IN specified accompanied by proper and
l appropriate assignments thereof. trans
ferring the same 10 the Special Master.
The purchaser will be credited on ac-
count OF the purchase price Of the prop
erlt hsr i'm arHr 70 .S q
I and coupons and for all such allowed
. claims so delivered 10 the Special Master.
Ia part payment OF the purchase price.
with such sums would De payable In
respect or such bonds. coupons and claims
out % the proceeds OF tho sale or sales
made pursuant 10 said dscrees II tho
whole amount OF the purchase price were
J paid in cash.
/ Said Court reserves the right to rstsks
and resell. upon such notice as said Court
may direct any property sold 10 any
. purchaser In case such purchaser shall
I fail or omit 10 make any payment on &C
count OF the unpaid balance OF the pur-
chase price within twenty days after the
/ entry OF the order requiring such pay
msut.
! A purchaser will not be required 70 pay
able IN cash, out Of the proceeds Of the
sale 20 such purchaser In respect OF any
OF First and Refunding Mortgage Bonds
and appurtenant coupons payable on
afte- said Court shall on application OF
the holder OF any Of said bonds or cou-
pons, enter IFS order or decree directing
the payment OF the cash dlstrlbutiye
share OF the proceeds OF the sale to such
purchaser 20 which such bonds or cou-
pons, In respect OF which such holder
shall make application as Aforesaid. shall
be entitled
Until a purchaser. his successors or as
signs shall have paid In cash the els
tributiys share OF the proceeds Of the
sale 10 such purchaser 20 which all such
bonds or coupons shall be entitled. either
directly or IN accordance with some order
OF said Court OF into court said Court
subject 10 its further order. reserves a para
mount lien and charge upon the prop
erty sold 20 such purchaser and oyery
part and parcel thereof. for the payment
into said Court In cash OF such unpaid
part or portion Of tho purchase price,
and Ia case the purchaser. his success
SORE or assigns. shall for twenty days
fail 70 comply with the terms OK any
order for such payment made by said
Court, then said Court upon the spphcs-
ton OF the owner Of any such bonds or
coupons, may letske and resell the prop
crty sold 20 the purchaser, who or whose
successors or assigns shall 50 have made
default. and at his or their cost and risk.
purchaser shall not be required TO
see 10 tho application OF the purchase
money, nor be answeraole IN any manner
whatsoever for any loss, misspplloa,ion.
or -applicAtion OF any such purchase
money or OF any part thereof
o As provided In Article XVII o.,
said deerses. the purchaser OF the prop
erty described In Article VII OF said de-
crees and in Article ! Of the descriptive
clauses hereof. as part Of the consider
alton for said property ana as part or the
purchase price thereof. and In addition 20
The sums bid BY him and elsewhere IN
said DEGREES required TO be paid by him.
shall take such property and receive the
deeds or other instruments Of conveyance
and transfer thereof, upon the express
condition that he or his SUCCESSORS or as
signs shall pay. satisfy and discharge:
(d) ANY unpaid compensation which
has been or shall b. allowed 10 George
C. Hitchcock. the Special Master, APP
nointed prior 20 December 81. 1915. in
said consolidated causes. or In the con-
stItuent causes in which Guaranty Trust
Company OF New York and Benjamin +.