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

49, "a, - ~ e(.-r The entry thereof with
any order OF said Court requiring % - IN
ing 10 the payment Of the paianIe -
purchase price. then the moneys Vt 49,
and COUPONS deposited by such sSSSP-it
bidder as hereinhsfore prcFliei VIZ
forfeited a. penalty TO- such "a - ax
0iu he applied % che pay infnI -,skinr
rer-ess ~ resale and toWaIA 'l'N -
good any d.nScncy or loss 10 CO =
properly shall be sold at less pIice ,,
such resale. end TO such other purposes
II said court shall not condrm any sale.
the deposit made by the acce piea o.'i1,
az such sale viii lie foEth"itH
such BIDDER.
Ninth. The purchaser upon connrrnat'so.n. y.
the tal, shall make such further pas
or payments !n cash on ac.oume frol,
purchase price as said court MAJ - -
time to time tire.- So much or tAe PLt
chase price as may not be require, ~
SAID Court o. be paid IN cash inay GU 49,.
lie paid ia cash or the purchaser H,a.
satisfy and make good the residue OF n
bli iu whole or iu part ly turning ofI
the Special Master 90 Dee canrtllru ~ go
ifed IS hereinafter provided, bouua
COUPONS eutstled 10 be paid out ~ IN
prO. ceds Of sale on distfltut.nu esii
i iu -ald FINAL Decree set i't' -,
bonds and coupons shall De 10 beal' 81 ,b,'
or accompanied uy proper transfers ~ '''0
special Master.
- reu or sucn bonds and coupons. the
Special Master may accept from w -
chaser the certificate q any national 70 ~ 20
trgst company BOO the tity or sew loih % :.
the City Of Cincinnati. aCCeptaue 10 t.0
Special Master. tnat u holds subject 20 10
order bonds TO The amount therein spe,," i a..
ard, III in coupon form. acsoHp a''Se ~
the coupons therein stated
The pur, haser shall re credited on account
o. the purchase psice OF the property ~. mn
purchased Tor an bonds and coupons I1l "
over. or specified In a certiicate del.Nt'eH
herelnbef0re provided. IN part pdyih %
b o f.f h4s rff
lc paid In respect TO such bonds anu eu"
pons out Of the Ceeds OF the sals u W
, whole amount Of the purchase price
paid In cash. said Court reserves tie IT'S
10 resell upon such notice as said court may
direct. the property sold 90 any plIeHa9
in case such purchaser shall IAN OF C''''' W
. maze any payment On account % N,s 49,,
paid balance u Ire purchase price "I'H.''
tWcnty days after the entry OF an o'-e' 'S
curing such pay ment-
purchaser shall not be required to pay
,hc shares distributable In cash out or the
proceeds OF safe upon lrOnton Bonds or 90 j.,
pnus appuitenalt thereto or upon } Irs, aha
ketuualnc Bonla Oh coupons appNIl'n AZ ;
thereto. or upon General Bonds or cou-
pons appugtenant thereto. until ten dAy
after said Court shall. on application OF OF
on behalf Of the holder OF any OF sa1N 1ollc'
or coupons. enter its order or decree ore T.
. iag payment Ia accordance with sAch oIHsr
Of the cash distrlbdtye share OF the pIoc-eus
OF any sale 20 which the bonds anu coJp'ns
or any OF them IN respect OF "h1Sh tns Si
holder shall make application as aIore-alu'
shall be entitled. Until a purchaser, ms sue
cessors o. assigns, shall nave paid In cas-
the dis;ributiye shares In the proceeds OF
sale 70 which any such bonus OF COu
/ ponS not used I'm part payment OF the pur-
chase price shall he entitled. either 10 Tue
Special Master or into Court or IN accol o.
ance with some order {: said court sdIu
Court reserves a paramount lien ana cIal :
upon the property sold TO such purchaser ana
b every part and parcel thereof Tor the pay
ment IN cash Of anv unpaid part or poit
Of the purchase price. ana IN case lhe pu'
chaser. his successors or assigns shdil H'ahe
default for a period Of twenty days IN COM
plyiug with the directions OF any oFdeE TOT
such payment made By said Court upon the
application OF the owner Of any s4ch bonus
or coupons then said Court may retake ana
resell the property sold TO The purchaser Nho'
or whose successors OF assigns. snail 50 ma E
made default. ana al his OF their cost anu
risk.
Tenth. As provided in Article ninth OF said
Final Decree the purchaser OF any OF hald
property shall take the same subject 10 any
and all taxes and assessments which saali
lie a lien upon any of the property pun
chased and the purchaser OF any OF tdIi
property tother than the property ceseF4Oed
in subdivision tbl Of clause II OF Paragraph
Fifth hereof OF Of the property described IN
subdivision tb) OF clause III Of Paragraph
Fifth hereof as a separate parceI), MS sue
cessors and assigns, shall, as part or the
U
] In addition TO the sums bid by MIN ana else
I where In said Final Decree, or In any other
order or decree which may hereafter be made
in said Consolidated Cause. required 10 be
F 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, OF his SUCCESSORS and. assigns
shall pay, satisfy and discharge.
"a, Any unpaid compensation that has
been OF shall be allowed to the special
Master heretofore appointed In said Con-
soiidated 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 OF In any OF
the constituent causes, IN the MANAGEMENT
or operation OF the property purchased. and
otherwise in the discharge Of their duties
i as such receivers TO the date OF the delivery
by the receivers OF possession OF the prop
erty sold.
90 ANY unpaid claims OF creditors Of
the Railway Company which have been or
/ shall be admitted bv the parties IN Interest
or adjuGged By said court TO be prior IN
/ lien or superior In equity to both the First
and Refunding Mortgage and the General
Mortgage and. in the case Of purchaser
embraced IN the lronton Mortgage AZ a
separate parcel. 10 the lronton Mortgage
f 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
1 Of said moneys remaining after the payment
! OF the claims mentioned Ia the foregoing
subdivisions la) and 90 shall be paid "
| the receivers to the purchaser Of the parcel
Of property provided Tor 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
directed 10 be sold shall be sold IN parcels.
no purchaser Of any part OF the properly
I embraced ia the ITout0n Mortgage shall lie
required 20 MAKE payment Of any indebted
ness Of liability contracted or incurred by the
z Railway Company unless Such claim sha I
De adjudgcd by said Court TO be rriOr IN
lien or superior ir equity 10 the lionton
/ Mortgage the First and EcfuHd.ns Mortgage
/ and tho General Mortgage. and each Of them.
+ and the purchaser Of the property described
/ IN subdivision tcJ Of clause II Of Paragraph
FIfth hereof or OF the property described In
clause " or Paragraph Fifth hereof shall not
he required 10 make payment OF any in
/ debtedness or liability contracted or incurred
bv the Rallwav Company unless such claim
I shall be adjudscd by said court 70 be prior
I IN lien or superior in equity 10 both the
+ First and Kcfund.ug Mortgage and the Cen
4 eral Mortgage and ~ among SAID respective
/ parcels said Court VIII apportIOn tile in
T debtedncss or liabilities 20 which they may
respectively be subject, and charge agains,
the proceeds Of sale ~ the respective parcel,
/ their proper proportion OF such indebtedness,
or liabilities.
Tile parties to receive and nay and the
D amounts 10 be paid and e"eived under said
7 Article Ninth. unless agreed upon bv the
parties in interest shall be liked and adjudi.
4 Gated by said Court and said Court re-
p serves tho right and retains the power and
D. jurisdiction so TO DO and the rght. power
T and jurisdiction 20 take back and resell any
2 urouertv that shall be sold under said Final
Decree IN sise tho purchaser or purchasers
or his or their successors or assigns. shall
3 f,il 10 pay any OF the claims mentioned in
, said Article Ninth when by sad Court re.
quired ami iu case 81 failure to pay any
D other part OF the purchase price OF the prop
/ er.v sold under said Final Decree. within
I twenty DAYS after service n an order Of said
Court requiring such payment or II an ap.
peal be taken from any such order. within
/ twenty days after service Of written notice