New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-27
MASTERS SALE


Kansas city Missouri except a triangular
piece IN the Northwest corner Of said Lot
Thirty 800 described as follows. beginning
~ the Northwest corner Of said lot thirty
l3). thence south Eighteen 49, feet. thence
Northeast 70 p point on the North line OF
said Lot Fourteen 80 feet cast Of said
Northwest corner, thence West 20 the place
OF beginning. also all except tho North
1wcnty-thrcc C23I feet Of Lots Eighteen OD.
Twenty-Five t22D, TWenty-thres t23J and
T~entv-four 20, IN Block Twenty %,
in said West Kansas Addition Number one.
aT said Lots and Blocks are marked and
designated on the recorded plat Of said Add
ton
The Special master will offer the premises
and properties mentioned and described in
said DEGREES. and hereinaboye referred to. for
sale In ono lot a. an entirety. Tho Special
Master will accept the highest and best bld
rS,,eive1 for me property when offered as
to such hiJI'r subject to confirmation o.
sale hy the Court. The successful bidder
may assign his bid. and his assignee shall
thereupon rfScecd 20 all the rights and be
Hereunder
The Special Master Will acccp, no bid ~
less than 'JG.00 which minimum gum has
been Fixed bv tho Court. IN order 10 prevent
sacrifice and to protect tho Interests %
all COZ r-fned. a. the least sum for when
said property shs u 10 sold. unless the Court
shall hereafter otherwise order.
Upon the acceptance NJ any bid and ths
ccDfirmatlO Of the sale by The Court, IN.
purchaser or his assignee shall make pay.
ment In cash to the Special Master IA OF
the amount necessary to pay and satisfy this
costs and allowances in this cause: (b) OF
all tho proper expenses Of the sale; (c) OF
The compensation % the Special Master ap.
pointed by this decree. ID OF an amount
sufficient TO pay any taxes. assessments and
other public charges constituting a lien upon
the property TO be cold prior to the lien o,
tho First Mortgage OF the defendant com
pany, except such taxes, assessments and
other public charges. subj Ct TO which the
property may have been sold and (eJ Of ar
amount sufficient 70 pay the expenses. feeg
aud other charges Of complainant Guaranty
Trust Company Of New York a. Trustee OF
SAD First Mortgage OF the defendant COM
pany. and reasonable compensation for IS
services and disbursements and the services
and disbursements Of its agents. solicitors
and counsel. AMI IT'S liabilities and advances
incurred as such Trustee. The balance OF
the purchase price may be paid IN cash or
tho purchaser may satisfy and make good
the balance Of his bid in whole or m part.
~ The delivery TO the Special Master Of
First Mortgage bonds and all unpaid and
unWatured coupons appertaiuing thereto. TO
Doe paid and cancelled. or to have payment on
cunt credited thereon. which bonds. n
registered. shall he duly assigned or en-
dOrSed By the registered holders thereof.
such bonds and coupons. whether delivered
to the Special Master. OF the time Of sails
or subsequently, shall be received al such
pric" or value as Is equivalent TO the sum
which would be payable thereon out OF the
net proceeds Of sale II paid In money to the
holder OF said bonds and coupons FOR his
just share and proportion OF such net pro-
ceeds. and such purchaser shall be credited
for said bonds and coupons on account OF
the purchase price accordingly.
Payment Of the purchase nrice shall be
made within thirty days after confirmation
Of the sale, unless the Court shall otherwise
direct
Any party TO either Of the above entitled
causes. or any individual, corporation. ASSOC
citation or committee. interested In the said
properties whether a. bondholder, creditor.
stakeholder. or otherwise. or Guaranty Trust
Company Of New York. as Trustee q said
First Mortgage. or otherwise. or any holder
or holders OF said First Mortgage bonds may
hid and purchase at any sale under said
DEGREES. and may hold Il 3 property 50 pur-
chased in his. It's or their own right, fres
from any trust whatsoever.
Any payment required 10 be made In cash
may be made by the delivery Of a certified
check or checks. or By a certificate or GER
tihcates OF deposit o. money upon or issued
by the Guaranty Trust Company OF New
York. or upon OF issued by any solvent bank
or trust company which shall have a paid
up. capital OF not less than 1000 900. pay
ab'e TO the person or persons therein named
and assigned t the order Of the special
Master.
The Special Master. in his discretion may
accept e npOraiy on account Of the pur-
chase price. instead OF bonds and coupons
the certificate OF certificates of Guaranty
Trust company or New Ork. OF any OtntF
solvent bank or trust company, stating that
IL holds and Will deliver on demand. for
cancellation or other disposition. according
to the terms Of the DEGREES entered In the
above-entitle1 causes First Mortgage bonds
and all unpaid and Unmatured coupons there.
unto appertsining. upon the order Of the
Special Master. or upon the order OF person
or persons therein named and assigned TO the
order Of tho Special Master.
The Court has reserved the right 20 take
and resell any or all Of said property upon
such notice as the Court may erect, In case
any purchaser shall fail or omit 70 make
any payment en- account OF the purchase
price.
The purchaser shall not be bound 20 see to
the application Of the purchase MONEY real
lied at said sale. nor be answerable n any
manner whatsoever for any loss. misappli-
cation or non-applicaton OK any such pur-
chase money. OF any part thereof.
The purchaser shall have the right. and
may at any time be required by the Court.
10 enter his appearance IN the above-sniitled
causes. and he or any OF the parties 10 said
causes shall have the right to contest any
claim. demand. or allowance. existing at the
time Of sale and then undetermined. and
any claim or demand which thereafter may
arise or be presented. which would be pay
able by such purchaser or which would be
pa able out Of the purchase price.
Upon confirmation or the sale OF said prop
ertv and upon compliance With all the term,
of the ale and upon payment OF the pug-
making OF such provisions for the payment
thereof as the Court shall approve. the
Special Master Will execute and deliver
good and sufficient deed or deeds or instru-
Iucnt or instruments 4 transfer conveying
and transferring the property purchased 10
the purchaser. In form 10 be approved by
the Court IN which deed the said decree,
require that the request OF the pur-
chaser. the defendant Company shall loin
and the said DEGREES provide that upon
tho execution and delivery OF SAID Spe'
Gr IN ? fr.
nent or instruments 81 transfer the
grantee or grantees therein named shall be
lot into possession Of the property and
premises thereby conveyed ana transferred.
and any party to said abOvC-entiUed causes.
who shall be In possession Of any OF said
property or premises. shall deliver the same
over 10 said grantee or grantees. his or
their SUCCESSORS or assigns. Such possession
shall nevertheless. be subject TO the Condi-
ton that the Court may retake and resell.
the property so conveyed or transferred IN
case the purchaser shall fail to pay any
balance OF the purchase price remaining
unpaid or to comply with any otner proFi'
sion contained IN said DEGREES.
The purchaser shall have the right % elect
not TO take or accept any part OF the prop
ct, purchased bv him, BY written notice 20
the Special Master given at any time prior
70 the execution and delivery or the decd
or instruments OF transfer from the speclal
Master provided for In said DEGREES No
such election shall entitle the purchaser 70
ans, reduction in the amount Of the bid made
an the sale or in the amounts TO be paid as
I'm said DEGREES provided.
ANY notice required 20 be given 10 the pur-
chaser shall he sufficiently given II given 10
the solicitor or solicitors entering MS or their
arpearance in said above-entitlcd causes on
behalf Of said purchaser.
For a more detailed statement 81 the terms
and conditions upon which such sale will be
made. reference is hereby made TO said
DEGREES.
Dated March 81. 1911
HERMANN BRUMBACK.
special Master
WILLIAM c. HofT.
suite sl5. Republic Building. Kansas CITY,
Missouri.
SrErSON. Jennings & Russell.
c,soo, Nau, YORK tftfV New Vork