New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
MASTERS SALE

First Mortgage a. an entirety the sun
e., FOR lie property described n s4adi-
vision %, OF this Paragraph. the sum
OK $4,000;
&c, for the property described n suodl-
vision Cc) Of this Paragraph. the sum
OF 100000.
and II such required sum snail not be BID FOR
either OF said parcels, tho Special Master
viii. unless he required sum shall Re lid
for all OF said property ns an entirety. 40
ioJrn the sale Of the parcel Tor which the
required sum shall not be bid aud viii apply
20 the Court for further instructions IN re
spec, thereof: hut he OIL strike or 10 the
highest bidder or bidders therefor the parcel
for which such required sum snail have been
bill
The Special Master win receive no bid
from any one offering to bid who snail not
first deposit with him a condition pEece-
dent TO his right to bid and az a pledge that
such bidder will MAKE good his bid In case
81 us acceptance by the Special Master anu
confirmation by the Court:
I'D in case OF tue property described IN
subdivision Il, Of this paragraph the sum
Of $4,000 iu cash or by certified cAccH.
upon any national bank or trust compan
il the Stale OF Ohio OF the city 81 Ne.
Norl. acceptable 70 the Special Master and
made or endorsed payable 10 his order, o.
in leu OF said deposit In cash or hy check
100000. face amount OF First MortSsg-
Der l. 1914. and subsequently;
60 IN case Of the property described In
subdivision tc) OF this Paragraph. the sun
OF $4,000 In cash. or by certified chec''
upon any national bank or trust COMPANY
in the State OF Ohio or the City Of New
York acceptable TO the special Master. and
made or endorsed payable 20 his order. o.
iu lieu OF said deposit in cash or b. checA.
100000, face amount OF First Mortgages
Bonds IN bearer form. hearing the coupons
appurteuant to such bonds maturing OctO-
Der /. 1914. and subsequently,;
-, In case Of the property emorscel IN
said First Mortgage, as an entirety. The
sum OF $4,000 In cash. or 10y certified
check upon any national bank or trg~,
company in the state OF Ohio or the Cly
OF New YORK acceptable 10 the Special
Master. and made or endorsed payable u
his order. or in lieu Of saj deposit in casn
or b. check. 5000 face amount o.
First Mortgage bonds IN bearer form. bear
ing the coupons appurtensut TO such bonds
maturing october !. 1914 and subsequently
s deposit made by auy bidder 70 a sepa
rate parcel. may. so far as Applicable. be
applied on account OF the deposit required
20 be made in order 70 qualify him 10 bid
FOR the same property when offered part
OF the mortsaged property as an enurety.
In lieu OF the deposit of First Mortgage
R0nds and coupons with the Special Master
hereby permitted. the Special Master viii
accept the certificate OF the New Yor', Trust
Company that Il holds subject to MS ordsr
The amount therein specified OF First Mort
sage Bonds I'm bearer form. accompanied BY
the coupons therein stated. he del osit re-
ceived from any unsuccessful bidder VAL be
returned to Lin when the properly has been
struck or. The deposit received from any
successful bidder viii he held by the Special
Master subject 10 the orders OF said Court.
and upon confirmation Of the sale will De ap-
piled on account OF the purchase price OF the
property for which said bids were made
VI In case any bidder, after the accept
anCe OF his bid b. the Special Master. shall
days with any order OF the Court requiring
or relating TO the payment or the balance
OF the purchase price. then the sums depos
tied by Such accepted bidder or bidders a.
hereiubefore provided. whether IN cash or b.
Chez, or represented by First Nor sc &c
Bonds viii lie forfeited IS a penalty fog
such failure and VIII be applied to the pa
ment Of The expenses OF a resale and toward
making good any deficiency or loss IN case
the property shall he sold at a less price on
any such resale and FOR such other purposes
as the Court may direct. IL the Court sha \
not confirm any sale, the deposit made by
the accepted bidder will he forthwith re-
turned 10 such bidder.
VII. The purchaser or purchaser on The
confirmation OF the sale by the Coirt. shall
make such further payment or payments g.
cash on account OF the purchase ifice as
the Court may from tine 10 time direct. So
much OF the purchase price as NAV no, be
required by the Court To be paid In cash
may el.her be paid In cash or an purchaser
may satisfy and make good such residue OF
his bio IN whole or in psrt by turning over
10 the Special Master 20 Ne Cancelled or
CREDITED as hereinafter provided First Mort
gage bonds and coupons thereunto appertslu-
ing IN lieu o. 80 turning over 10 the Srsc q
Master First Mortgage Bonds and coupons.
the Special Master viii accept the certin-
cate OF The New York Trust Company
that Il holds subject 20 his order The
amount therein specified OF First Mort
gage Bonds In bearer form and accom-
panied BY The coupons therein stated A
purchaser Will be credited on accoun: OF tho
purchase price FOR First Mortgage Bonds and
the coupons thereunto appertainins turned
over IN part paynen; Of The purchase price
such sum as -yould be paid In cash uoon such
First Mortgage Bonds and coupons out %
ne proceeds OF sale II the whole amount o,
Tie purchase price had been paid In cash.
The term purchase Wherever used in this
Notice or IN said Final Decree includes ths
plural Ia case there shall he more than one
purchaser OF any property sold hereunder.
VIII The Court reserves tho rtgh, 70 resell
the property sold 10 any purchaser upon
such notice as Il may direct at the risk and
cost OF such purchaser. IN case such pur-
chaser shall fsil or omit TO make any pay
msnt on account OF the purchase price within
twenty days after the entry OF any order
requiring such payment Neither ony pur-
chaser. nor his successors. or assigns. shall be
required 20 see 20 the application OF the
purchase money. Each purchase shall have
the right TO enter bis appearance In said
Court and 10 become parry 20 the cause.
*. A. provided In Article xxx OF said
FINAL Decree purchaser OF the whole or any
part OF tie mortgaged property shall take
the same subject TO all taxes assessment
and other charges that are a lien on said
property. and the purchaser OF the mort.
gagged property as an entirety, or II II shall