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

,h.u ..u O.. .o.,otv within the period ot
I twenty DAYS afte- the entry tuCte -,
any order Of said Court reqJ n.!azcs OF the
ing 10 the payment OF the balancs nonds
purchase price then the moneys or oo.-i
I and COUPONS deposited by sue. 49, -
bidder as nerelubefore pToEldel W. -
I forfsita6 ss a uensity for such failure an
F will be applied 20 the pay nlent "a ,nsuirr
penses % a resale AMI to"a,u sse The
good anv d-rcaency or loss IN cas- ~.
I pro-erry shall be sold az a less pIlce o.
such resale. and TO such other plrposTs a.
/ said court may direct ala
II said Court shall not couhrn s"t 80,
F tic deposit made by the acceptsu -, -,
at such sale viii be forthwith fe'u'"1-
such BIDDER.
Ninth. Tho purchaser upon conhrIla,i On ~;
the sale shall make such further pay M.
nr payments ia cash on account VI 49,,
purchase price as SAID 1out' he pur-
. chase price as may not be requires -.
saII Court - be paid IN casA hlaS -
lie paid m cash or me p-.Ciniase ~ as
satisfy and make good the rescue % ~ -,
. biz 10 whole Or 10 part by turning ". ~
/ the Special Master 70 be canceIleu - 80 80
tied as hereinafter provided. BONUS -
b coupons entitled 10 be palq ouL u -
I p-scaafs Of sal. on distribution thereot -
in said Final Decree set forth. So
. bonds and coupons shall De IN bsaIV' - -,
or accompanied by proper transfers 10 '"0
. Special Master
Ia ueu or such bonds and coupons the
. Special Master may accept from the pur-
chaser the certificate OF any national uahA OF
. trust company 90 the city OF New ON VI -
. the city Of Cincinnati, acceptate ~ 40
. Special Master. that II holds suDycct 70 UP
order bonds 20 the amount therein sPeei''y 80
ard, IL in coupon form. accompanied %
+ the coupons therein stated.
Tho purchaser shall ne credited on account
. OF the purchase p.ice 81 the properly - ...t
purchased FOR all bonds ana COUPONS ,ri as
. over. or specified IN cefluiate dell.t'rH
hrreinbef1re provided. iu part payment "a
. the purchase price. with such sums az 49, 80,
. be paid ia respect 20 su D. bOads anu
pous out OK the proceeds OF the sale il tlc
. Whole amount Of the purchase price Nelo
paid in cash. said Court reserves Tue IT'S
+ 10 resell upon such notice as sad 1oui lllay
direct. the property sold 10 any plrCnuas
I'M use such purchaser shall fail or omit 10
/ make any u2ymeut on account OF tut ~
/ paid balance OK tie purchase price 49,.
t~ent" days after the entry OF an 0'us'
I quirinS such payment
purchaser she'll not be required TO pay
[ tha shares distribuLabie in cash OUT or the
/ proceeds OF sale upon Ironton Bonds or COZ,
yons appurteuGat thereto. or upon , MS, ant
. Refundlug Bonds or coupons appAI 'e'la'''
thereto, or upon General bonis .. ~
pons appurteuaHt thereto, until ten uayS
I after said Court SHAH. on Application OF or
OF behalf II the holder Of any ot saId ooh.s
or coupons enter its order or decree ulltg -
ing payment 10 accordance with sun ol1yl
OF the cash distribdtlye share OF the proceeds
b Of any sale 10 which the bonds ana codI 'is
or any OF them IN respect OF "hlSh ul-1 mn
. holder shall make application as aloIesd4H'
T shall Re entitled. Until a purchaser, MS sue
4 ccssors or assigns shall have paid IN cdSn
the distribuuye shares In the proceeds o.
sale 10 which any such bonus % oUu
pons not used IN part payment OF the pur-
T chase price shall he entitled. either 10 t.e
Special Master or into Court or IN accord !,
auco with some order c. saId OouE' SOU
Court reserves a paramount iien ana chai 81
ulon the property sold 10 such purchaser ana
every part and parcel thereon Tor the pay
mert I'm cash OF any unpaid part or poi uoh
OF the purchase price. and IN case the lu. 70
chaser. his successors or assigns, shall name
default FOR a period Of twenty days IN COM
. plying with the directions OF any ofueI lot
such payment made b. said Court lyon lne
f APPLICATION OF the owner Of any such bolNs
on coupons then said Court may retahe ana
resell the property sold 10 the purchaser "ho'
or whose successors or assigns, snall SO nav g
made default. and at his or their cost anu
risk.
Tenth. As provided in Article Ninth OF said
Final Decree the purchaser OF any or SAD
property shall take the same subject 70 any
and all taxes and assessments "HIch s1d4l
ie a Hen upon any OF the property p~i =
chased. and the purchaser % any OF tali
property tofher than tho property descfloed
in subdivision 90 OK clause II OF FafasrtIn
Fifth hereof. or Of me properly descIloed IN
subdivision tb) Of clause III 81 faEas'apn
Fifth hereof. as asseparate parcel MS sue
CessOrs anu assigns. snail, a. ldIt OF inc
consideratio for the property purchased and
I'm addition TO the sums BID by him and else
. where in said Final Decree, or In any other
order or decree which may hereafter be made
in said Consolidated Cause. required 10 DO
uald by him. take such property and receive
The deeds or other Instruments OF conveyance
and transfer thereof. upon the express con-
dltion that he. or his successors and assigns.
shall pay. satisfy and discharge:
Ca Any unpaid compensation that has
been or shall be allowed TO the Special
Master heretofore appointed in said Con-
solidated cause. or IN any II the consut-
ucnt causes. any unpaid compensation mat
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 or
the constituent causes. IN the MANAGEMENT
or operation OF the property purchased and
otherwise in the discharge u their duties
as such receivers 10 the date Of the delivery
By the receivers OF possession Of the prop
efty sold.
90 ANY unpaid claims OF creditors Of
the Railway Company which nave peen or
shall be admitted by the parties IN interest
or adiudecI by said Court to be prior IN
lien or superior I'm equity TO both the First
and Refundng Mortgage and the General
Mortgage and. In the case or a purchaser
embraced In the IrontOu Mortgage al a
separate parcel 20 the lronton Mortgage.
to the extent that they have not been paid
or ssall 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 GAP and tb) shall be paid by
the receivers 10 the purchaser OF the parce!
. Of property provided Tor IN clause ~ OF
Paragraph Fifth hereof. or TO his successors
or assigns. or on the order thereof
In case the property by said Final Decree
directed 70 be sold shall be sold IN parcels
no purchaser Of any part OF the property
embraced IN the lront1n Mortgage shall he
required 20 maze payment Of any INDEBTED
ness o. liability contracted Or incurred by the
Railway Company unless such claim shall
be aaudged by said Court to be prior in
lien or superior IN equity 10 the IrontOn
Mortgage. tho First and Refundins Mortgage
and the Genera 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 Fil,h hereof shall not
be required 20 make payment OF any in
debtedness or liability contracted or incurred
lv the Raliwav Company unless such claim
shall be adjudged hy said court TO be prio-
iu lien or superior IN equity % both the
First au4 RefundlnP Mortgage and the Cen
eral Nor; gas. ana as among said respective
uarceIs SlI Court will apportl0n the in
respectively be subject. and charge against
the proceeds OF sale u the respective parcels
their PROP proportion OF such indebtedness
or Liabilities.
The parties 10 receive and pay and the
amounts to DE paid aad eceiyet. under raid
Article Ninth. unless agreed upon by tho
parties in interest shall Doe fixed Gnd adjudl-
Gated by said Court. and SAID Court re-
serves the light and retains the power and
jurisdiction so 20 DO. and the right power
and Jurisdiction 10 take back and resell any
uroperty tina shall be sold under said Final
Decree in cos the purchaser or purchasers
or his or their successors or assigns shall
fail 70 pay alv % tho claims Mentioned in
said Article Ninth when ty sad Court re-
oulred and I'm case Of failure to paw any
Of Hf i r.rF 81, -