New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-07
MASTERS SALE

A deposit made by any bidder TO- p sepa-
rate parcel may so far as applicable. be
applied ou account u the deposit required
% be- made IN order % qualify him 20 tii
for The same property when offered a- part
% the mortgagei property as am entirety.
In lieu ~ the deposit q First Nor' gage
Bonds ana coupons With the Spcoi2l Master
hereby permitted. the Special Master viii
accept the certificate II the New York Trust
the amount therein specified Of First Mort
gage Bonds in bearer form. accompanied ~
the coupons therein stated The t"lo-lt re-
crlvDl from amy unsuccessful bidder VIII De
returned 20 h'W when the property has been
struck Off The deposit received from any
successful bidder VIII De- held by the Special
Master subject 20 the orders Of said Court,
aud upon confirmation Of the sale viii be ap-
piled ON account ~ the purchase price of the
property fog which said bids were made.
VI ia case any bidder. after the accept
aLre OF bis iiI hy the Special Master. shai u
fail To comply within the period OF twenty
days with any order OF the Court requiring
OF relating 20 the payment Of the balance
ite1 by such accepted bidder OF bidders a1
hereinbefore provided whether IN cash or by
check OF represented by First Mortgage
lruIs VIII o. forfeited as a penalty Tor
such failure and viii bee applied TO the pay
ment az the expenses ~ resale and toward
making good any deficiency or loss 800 case
the property shall be sold al less price on
any such resale and for such other purposes
not confirm any sale the deposit made ~
the accepted bidder will be forthwith re-
turned Coo such bidder.
VII. The purchaser or purchasers. on the
confirmation Of the sale ~ the Court. shall
make such further payment or payments IN
cash on account - tho purchase Price as
the Court may from time 10 time direct. So
mech OF the purchase price as may not De
required by the Court TO he paid In cash
may either Doe paid in cash or any purchaser
may satisfy ana make good such residue or
his til iu whole or in part hy turning over
10 the Special Master TO he cancelled or
CREDITED. az hereinafter provided. First Mort
gage bonds and coupons thereunto apperidln-
ing in lieu Of 20 turning over Co the Special
the Special Master VIII accept the ceIun-
cate OF The New York Trust Company
that it holds subject 20 his order the
amount therein specified Of First Mort
panied by the coupons therein stated a
purchaser will be credited on accoun. ~ the
purchase price Tor First Mortgage Bonds and
. tive coupons thereuntO appertainins turned
over in part payment ~ the purchase price
such sum would be paid In cash upon such
First Mortgage Bonds ana coupons out OF
tie proceeds Of sale II the whole amount OF
TIE purchase price had been paid In casn.
Tho term "rurchaser' wherever used In this
Notice or In said Final Decree includes the
plural IN case there shall he more than one
purchaser Of any property sold hereunder.
VIII The Court reserves the right to resell
The property sold To- any purchaser upon
such notice as u may direct al the risk and
cost Of such purchaser. iu case such pur-
chaser shall fail or omit 90 make any pay
meut on account OF the purchase price Within
twenty DAYS after the entry % any order
requiring such payment Neither any pur-
chaser. nor his successors, or assigns. shall be-
required 20 see 10 The application ~ the
purchase money. Zach purchaser shall have
the right to enter bis appearance iu said
Court and Go become "a party % he cause.
IN As provided iu Article NIX Of said
al
rart OF the mortgaged property shall take
the same subject 90 an taxes, assessl euts
and other charges that are lien on said
property. ana the purchaser Of The mort
gagged property as an entirety or II 10 shall
not Doe sold a. an entirety. the purchaser OF
the parcel provided for IN subdivision tci OF
Article XVI % said Final Decree. being
the parcel described I'm subdivision tcl OF
Paragraph hereof az part ~ The cousid-
Grafton Tor said property ami as part ~ the
purchase price thereof, aud IN addition 70
the sums bid ly him. and elsewhere In taii
FINAL Decree required TO be paid hy him,
shall take such property aud receive the
deeds or other instruments ~ conveyance
ana transfer thereof upon the express condi-
ton that he or his Successors or assigns
shall nav satisfy and discharge any unpaid
ir Iebte4uess and liabilities OF the Receivers
of Tho Cincinnati. Hamilton and Dayton
Railway Company Except taxes and assess
meuts as aforesaid incurred In the manage
. f.tnt and Optrtfiou Of the property euble't
10 the First Mortgage 10 the extent that
they shall not have tecn paid out % moneys
in the possession ~ said Receivers including
moneys received hy them after surrender 81
pussessi0n Of said property. hut arising from
The prior management ant operation thereof
The amounts 20 be paid under said Article
EEN. unless agreed upon by the parties ~
interest shall be- nHei ana adlulgcl ~ "a.
court. and said Court reserves the Iisht "nh
retains tho power aud jurisdiction no 90 10,
and the right power ana jurisdiction 10 tahc
DacA AMI r,seA aHy pIoB-lL! L.. .--!! 30