New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-30
MASTERS SALE

shall fall 20 comply within the petiod -,
twenty days after the entry thereo' 10
I any order OF said Court requiring or rem
] Ing to the payment OF the balance OF W.
purchase price. then the MONEYS or -" -
/ and coupons deposited hy such J..
! bidder as hereinbefOre PROVIDED WIZ "
| forfeited as a penalty for such failure az"
| viii be applied 20 the payment OF thr -
penses ~ resale ana toward mahlhs
J good any drncicncy or loss IN case W.
/ property shall be sold at less pIice
, such resale ana to such other purposes n
| said Court may direct
! II said Court shall not confirm any SAFE
/ the deposit made by the accepted blan'l
I At such sale will he forthwith fetuFheu W
/ such bidder
/ Ninth. The purchaser upon confirmation or
l the sale shall make such further ymeu'
| or payments 80 cash on account OF W.
I purchase price as said Court may ron
| time TO time direct. So much OF the Pu'
/ chase price may not be required %
/ said Court to be paid In cash may eltho.
\ be paid In cash or the purchaser ",'s
! satisfy ana make good the residue OF NE
! bid In whole or In part by turning over W
/ the Special Master TO be canceled or CRU
I tied as hereinafter provided. bonds ar
4 coupons entitled to be paid OUT OF w ~
! proceeds OF sale on distribution thetfol a.
] I'm said Final Decree set forth. So
bonds and coupons shall be tn bearer tor ~
/ OF accompanied by proper transfers TO '"'
/ Special Master -
In iou OF such bonds and coupons. thr
/ Special Master may accept from the puI
| chaser the certificate OF any national Dam ~ az
| trust company in the city OF New YORK or IN
| the city OF Cincinnati, acceptable 10 we
/ Special Master. that % holds subject 70 MS
| order bonds TO the amount therein apecihSu,
/ and, II in coupon form. accompanies "
! the coupons therein stated
| The purchaser shall be credited on accoun'
| OF the purchase price or the property o. nun
Z purchased Tor an bonds and coupons tuih,u
[ over. or specified ia a certificate deiNeie1 %
! herelnbefore pro.ided. IN part payment OK
! the purchase price, with such sums as ""ull
/ be paid in respect 10 such bOnds anu GU
/ p0ns out OF the proceeds OF the safe II we
{ whole amount OF the purchase price "ei :
paid in cash. said Court reserves the rlsh'
| 10 resell upon such notice as SAID Court may
| direct the property sold TO any p1rCnas''
! In case such purchaser shail ish OF O"'t "
! make any payment on account OF the uh
| paid balance OF the purchase price "I'HIH
= tWenty days after the entry Of an order re
! quitting such payment.
! A purchaser shall not be required 20 pay
! the shares distributable In cash ont OF the
I proceeds OF sale upon lrOntOn Bonds or col-
pons appuricnant thereto. or upon flrst anu
B Rcfundlng Bonds or coupons appurtensh'
E thereto or upon General Bonds or cou-
pons appurtenant thereto. until ten days
! after said Court shall, on application OF OF
/ on behalf Of the holder Of any OF said oonds
/ or coupons enter Its order or decree direct
ing payment in accordance with sJch ordeT
! Of the cash distrbutive share of tho proceeds
/ OF any sale to which the bonds and coupons
I or any OF them in respect OF when theiP
! holder shall make application as atoresaiu'
0 shall be entitled. Until purchaser, MS SUI
/ cessors or assigns shall have paid IN cash
I the diEiributive shares In the proceeds OF
/ sale TO which any such bonds or cou-
I pons not used In part payment OF the puT
chase price shall be entitled. either TO the
. Special Master or into Court or In accord.
4 ance with some order of said Court SAID
/ Court reserves a paramount lien ana chars.
I upon the property sold to such purchaser and
every part and parcel thereof for the pay
] merit In cash Of any unpaid part or portion
! 81 the purchase price, and In case the pug
. chaser. his successors or assigns, shall MAKE
. default for a period Of twenty days IN conf
plying with the directions OF any order Tor
. such payment made by said Court upon nv
application OF the owner OF any sIch bonus
or coupons. then said Court may retake ana
. resell the property sold 10 the purchaser "ho'
I or whose successors or assigns, shall so nave
made default. and at his or their cost ana
risk
Tenth As provided in Article ninth Of said
p Final Decree the purchaser OF any OF said
I property shall take tho same subject 10 any
and ali taxes and assessments which shall
J he a lien upon any or the property pui
chased. and the purchaser OF any OF sall
I property tother than the property described
3 in subdivision tb) Of clause III OF Paragraph
/ Fifth hereof, or OF the property described IN
/ subdivision tbj Of clause III OF Paragraph
Fifth hereof, a separate parCelD, MS 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
l order or decree which may hereafter be made
/ in said Consolidated Cause. required TO be
7 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 has
been or shall be allowed to the Special
I Master heretofore appointed in said Con-
solidated Cause, or in any OF the constit-
| uent 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 OF
the constituent causes. IN the management
/ or operation OF the property purchased. and
otherwise in the discharge Of their duties
as such receivers 10 the date OF the delivery
by the receivers OF possession OF the prop
erty sold:
do ANY unpaid claims OF creditors o,
the Railway Company which have been or
shall be admitted by the parties In interest
or adjudged by said court TO be prior in
lien or superior In equity 10 both the FRS!
and Refunding Mortgage and the General
! Mortgage and In the case OF purchaser
embraced In the lronton Mortgage az a
separate parcel. to the Ironton Mortgage:
I to the extent that they have not been paid
/ or shall not have been paid out OF moneys
] in possession Of the receivers. Any surplus
/ Of said moneys remaining after the payment
/ OF the claims mentioned In the foregoing
/ subdivisions ta) and Oh shall be paid ny
] the receivers TO the purchaser OF the parcel
OF property provided for in clause " OF
Paragraph Fifth hereof or to his successors
/ OF assigns. or on the order thereof.
In case the property by said Final Decree
I directed 10 be sold shall be sold IN parcels
no purchaser OF any part OF the property
embraced in the Ironton Mortgage shall be
Il required to maze payment OF any Indebted
ness or liability contracted or incurred by the
. Railway Company unless such claim shall
be adjudgcd by said Court to be prior in
lien or superior in equity TO the Ironton
] Mortgage, the First and RefunGlng Mortgage
7 and the General Mortgage. and each OF them.
and the purchaser OF the property described
: in subdil siOn (c) Of clause II OF Paragraph
I Fifth hereof or OF the property described In
7 clause " or Paragraph Fifth hereof shall not
/ be required to make payment OF any in
+ debteiness or liability contracted or incurred
bv the RaiWa- Company unless such claim
| shall be adJudsed by said Court TO be prior
/ IN lien or superior in equity 10 both the
/ eral Mortgage and sS among said respective
I parcels said Court viii apporton the in
debtedness or liabilities to which they may
I respectively be subject. and charge against
the uaoceeds OF sale Of the respective parcels
/ their prone propor..oc OF such indebtedness
/ or liabilities.
The parties to receive and pay. and the
! amounts 10 be paid and ereIked under said
/ Article Ninth. unless agreed upon by the
! parties in interest. shall be fixed and sdiudi-
! Gated by said Court. and said Court re-
serves the right and retains the power and
jurisdiction so TO do. and the right. power
4 and Jurisdiction to take back and resell any
Z property that shall be sold under said Final
I Decree In case the purchaser or purchasers
, or his or their successors OF assigns. shall
I fail TO pay any OF the claims mentioned IN
said Article Ninth when by sad Court re-
ouired. and in case Of failure TO pay any
other part Of the purchase price OF the prop
I ertv sold under said Final Decree. within
| twenty days after service OF an order Of said
I Court requiring such payment. or II an sp-
! peal be taken from any such order. within
I twenty DAYS after service OF written notice
/ OF hnal continuation OF such order upon
. appeal.
In the event that anv purchaser or hi,
I SUCCESSORS or assigns. after demand made,
( shall refuse TO pay any Of the aboye-men-
| tinned Indebtedness or liabilities which under