New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-23
MASTERS SALE

90 The sum OF $40 for the properly
pledged TO secure the payment OF a GER
lain note Of the defendant Railway
Company 10 the Board CT Hosptal p,
vice Managers and described In Suodi-
vision c OF Article XII Of said deGrsss
and IN subdivision c Of Article IL OF
the descriptive clauses hereof
I'D The sum Of $4,000 for all otner
property sdjudged by said DEGREES no,
First and Refundng Mortgage Of the
defendant Railway Company. and De,
scribed In Subdivision ID Of Article Nj
Of sald DEGREES and in Subdivision ID OF
Article III OF the descriptive clauses
hereof.
(e) The sum OF Si54OO.OO0 for the
property subject 20 the lien o; said First
and Rsfundins Mortgage. end described
In Article VII OF said DEGREES and IN Artl-
Gle I OF the descriptive clauses hereof
~ Tho sum Of ;ls.l50O2O for all the
Article XII Of said DEGREES and in Ar,i-
cles and II Of the descriptive clauses
hereof. as an entirety.
and II such respective sums shall not be
bid for any of said parcels. nor said sum
for tho property described IN Article VII
and IN Article XII Of said DEGREES and In
Articles and u Of the ds'e sdocIsi
Master will adjourn the sale OF such par
eel or parcels for which the required
amount shall not have been hidden and
will apply 70 the Court for further IN
structions In respect thereof.
I. In case any bidder upon the accept
ance OF his bid BY the Special Master
shall fall TO comply, within the period OF
| twenty DAYS after the entry thereof with
sny order OF said United States District
Court for the Eastern District OF Mis-
souri. Eastern Division. requiring or 70.
latinK TO the payment Of the balance or
the purchase price. them tho moneys or
bonds or claims deposited by such ac-
cepted bidder. as hereinbefore provided
will be- forfeited as penalty for suct
failure. and viii be applied to tho pay
ment Of the expenses Of resale, ana
toward making good any deficiency Or
loss ia case tho properly IN respe.t OF
default shall be sold az a less price on
such resale. and 20 such other purposes
as said Court may direct.
II said Court shall deny an application
to confirm any sale tho deposit made BY
any accepted bidder at such sale VIII
thercupor be returned 10 such bidder.
s. Upon the confirmation OF any sale,
the purchaser shall make such payment
or payments IN cash on account or the
purchase price as said Court may from
time TO time direct
SO much Of the purchase price as may
not be required by said Court TO be paid
IN cash may he paid In cash or the pur-
chaser may satisfy and make good the
balance Of his bid in whole or in part by
delivering 20 the Special Master 10 he can
celled or credited. as provi led IN said de-
crecs. First and Refunding Mortgage
Bonds of tho defendant Railway Com
psny. In bearer form and. II coupon
| l0udH. aCr0mpa ulci ~ the coupons urpeF-
tanning thereto due September !. 1918. and
subsequently to be paid out OF the pro
cseds Of sale on distribution az provided
in said DEGREES, and claims against tho
defendant Railway Company which have
been or may be allowed and established
IN ssid consolidated cause In the United
states District Court for the Eastern Dis
trlct Of Missouri. Eastern Division. and
are % be % paid as In Article Xxi ~
such DEGREES provided. Including any de-
neiency claims IN respect OF such first
and Reminding Mortgage Bonds and cou-
p0ns which may be allowed by said court
in favor 81 the trustees or said First and
Refunding Mortgage or any bondholders.
and also any deficiency claims which may
be allowed by said Court in favor a. the
holders ~ any other bonds or ohligs-
lions OF the defendant Railway Company
secured by mortgage or pledge Of col
lateral. or ~ the trustees of tho mort
"a zos or trust indentures given 10 secure
the payment Of such bonds or obliga-
lions. and which are to be paid
Registered bonds shall be accompanied
by proper transfers 10 the Special Master.
proper assignments thereof 10 the Special
Master I'm lieu Of bonds and coupons or
claims. The Special Ma;ter may accept
solvent bank, banking institution. trust
company or banking firm within tho
United Stste3 Of America Of any Euro
pean country. acceptable 20 tho Special
Mactsr that it holds subject TO his order
or subject % tho ord7r 81 the person or
persons. Or corporation therein named and
. assigned TO his order. bonds Of mo
I amount therein specified. and. II in cou-
/ pom form accompanied by the coupons
therein specified. or claims % the re-
quired character and Of the amount there.
D IN specified accompanied by proper ana
b sppropriate assignments thereof trans
Z ferring the same 10 the Special Master
The purchaser viii be credited on &C
count Of the purchase price Of tho prop
crty rs him purchased for all such bonds
ana coupons and FOR an such allowed
claims 80 delivered - tho Special Master.
I'm part payment ~ the purchase pric,.
with such sums would be payable in
respect or such bonds. coupons and claims
out of tho proceeds OF the salc or sales
made pursuant 70 said DEGREES n the
whole amount Of the purchase price we're
paid 300 cash.
said Court reserves tho right 10 rstake
and resell. upon such notice as said Court
NAV direct. any property sold 10 any
Dur, ~ser in case such purchaser shall
fail omit to make any payment on &C
count % the unpaid balance 81 the pur-
chase price within twenty days after the
entry Of the order requiring such pay
mcnt.
A purchaser VIII not be required to pay
TO the Special Master the amounts pay
able in cash. out Of the proceeds Of the
sale 10 such purchaser. in respect Of any
OF First and RefUnding Mortgage Bonds
september !. 1915. until twenty days
. nt.es said Court shall. on application q
the holder OF any OF said bonds or cou-
pons. enter its order or decree directing
share u the proceeds of the sale 20 such
purchaser 10 which such bonds or cOu-
pons. In respect Of which such holder
shall make application as Aforesaid. shall
Until a purchaser. hts SUCCESSORS or as
signs shall have paid In cash the dis
tributiye share OF the proceeds u the
sale 10 such purchaser 10 which all SUCH
bonds or coupons shall be entitled. either
directly or In accordance with some OIder
OF said Court or into court. said Court.
subject 10 It's further order, reserves a para
mount lien ana charge upon tho prop
erty sold 10 such purchaser and every
part and parcel thereof. for the payment
into said Court "a carl. Of such unpaid
part or portion 81 the purchase price.
and IN case the purchaser his success
soTs or assigus. shall Tor twenty days
fan TO comply with the terms Of any
order for such payment made b. said
Court. then said Court upon the applica-
tlon Of the owner OF any such bonds Or
coupons. may ietake and resell the prop
crty sold 20 the purchaser, who or Whose
successors or assigns shall 90 have made
purchaser shall not be required 10
see TO the application OF the purchase
money nor be 9newerable In any manner
| whatsoever for any loss. misappllcation.
or nom application Of any such purchase
money or OF any part thereof
.. AS provided Ia Article XVII OF
2 said decrees the purchaser OF fhe prop
crty described ~ Article VII OF said de-
cress and in Article I ~ the descriptive
clauses hereof. as part OF the consider
atiOn for said properly snd as part Of the
purchase price thereof. and IN addition 10
The sums bid by him and elsewhere In
sald DEGREES required 10 he paid by him.
shall take such property and recelvs 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 20 George
C. Hitchcock. the Special Master. APP
pointed prior 20 December -. 1919. IN
said consolidated causes, or IN the con-
stituent causes IN which Guaranty Trust
\ X.rf srsN Dar,g a., ~