New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-12
MASTERS SALE

gsiher. the Aggregate ~ such sum. ih ca>n p. ~
certified check As Aforesaid or the egsegaie OF
bonds. 4 such character AMI 20 such amounts =
would be required under the FOREGOING Gauss
and % qualify said person 10 BID ar oo'n VI ''i'
s II .s.e n Parcel =. when offered scpa' stely
the sum 81 10000 IN cash or ccrtnei cneoA ~, ~
~ New Norx or in the city Of Detroit. accepa
20 The special Master and made or endorsed y"
able % hi, order M $1,000. 600 face amount o-
principal ot Improvement Bonds ~ oeAiei ~ ~ ~
and. n coupon bonds accompanied ny tne ooup."
81 september /. 1871. and all sunstQuent Svupu r,,
such deposit may De made partly 20 cssh or go
fed check ard parl in Improvement Bonds bN 10
the same relative proportions.
together. the aggregate of such sums IN ca~h or p,
certified cheek a. Aforesaid. ar me asgfesNe W
bonds. of such character aud 10 su'h amount. a.
would De rcqu rel under the toes1iug clauses y
and to qualify sad person 90 bd tof al o' ssiu
$ In case OF Parcels A. II. c d snd =. when
offered a. an entirety. the aggregate OF sch sun,
IN cash or by certified check a. Aforesaid. m the
aggregate Of receivers certificates o. bonds or
claims wiki transfers thereof ~ such character sa
% such amounts Is would be required under the
foregoing clauses I. g. 3. and g. 20 qualify sad
persons 10 bid Tor all o. said Parcels
IN lieu OF the deposit OF receivers certificates.
bonds and coupons and claims with Transfers
thereof IN accordance With the requirements OF
.aS .S'. S, 6aSs IN aeon, me Ger
thcate n any national BANK or trust company
IN The city ~ New York or I'm the tify oi Bosioa
in the city u Detroit acceptable to the SPECIAL
Master. that IL holds. as the case may be. rereiF
cr certificates or bonds of the required character
go negotiable form and n IN coupon form. accom-
panied by the required coupons. or claims 81 me
required character wiki proper transfers Thereof
subject 90 the order " The party therein named
order oi sad Special Mastbr A deposit made by
eus bidder f.- a separate Parcel may. 80 fsr a.
appi cable. DEE applied ON account n thc deposit re
quirel t1 lbe made boo order 10 qualify MN 20 niu
fOr said Panel when offered together With one of
more other Parcel, or for all o. Tie properly when
Offered Tor sale as an entirety deposit male
Dos uy bidder .0r the entirety will also qnaliy such
bidder % bi'l 600 any or all u The Parcels. . 49,,
Any deposit received from an unsuccessful bid
ar ,,. b.. refffru,.f d. him ,,hru the property
shalt te struck down. Tia deposit received rom
The successful bidder or bidders W. be applen
account Of the purchase price ~ The properly
The Spcca. Master will not az ept an, sum o oll
FOR Parcel A les, than tho sum NJ ZNr ono
Tor Parcel q less Than Tho cum " $50 600 ,or
Pane G. less thsu The sum ~ 500 900. ior
Parcel H. les, than me- sum NJ s. 600 900. FOR
Psrre'. and when offered together. les han
sum NJ $3.50. 900 nr Parcels 4. ard when
offered 'osether. i~s, than the sum ~ 81 800 goo
tor Parcels h. e. D and When offered as an
entirety. less than the sum NJ SO 100000
vH IN ease any bidder upon the acceptance Of
hs hid BIS 'he Specia Mister. shall fall 10 comply
WIthiu The period ~ twenty DAYS aier ihe emy
thereof with any order n the District tour N INC
United States FOR the Eastern District ~ Michigan.
southern D'i,on. requiring or relating 70 ne pay
moneys. re,riyer,' ccrtlrcsies bonds and coupons
or claims deposited BIS such accepted bidder "lii
.s,e AID fo.ari making good ans deficiency or loss
Boz rase TIE property in respect oi The paSme.i o.
ih- purchase price 81 which said accepted bidder
shall MAKE default shall be- sold A. less price on
>,sh r. sale. ard ~ such other purposes a. sad
Court may direct " said Court snail not ,9hnrtl
any sale the deposit made ty the accepted nldeI At
such sale will he forthwith returned 20 such bidder
VIZ The purchaser upon confirmation of mo
sale or sales must make such further payment or
payments iu cash on sccouut NJ the purchase price
- said court may from time 10 time direct 80
much ~ the purchase price AZ may nos be- required
ft Iff.I Ca 10 "a I'd ~
iu cash or thc purchaser may satsN and make
good ihe residue ~ rs hid N whole or in par lN
turning over f0 tha Special Master % he canoe led
mr. credited receivers certificates and/or bonds end
coupons and Tor claims with proper transfers thereof
distribution thereof said receivers cerincates and
said bonds and coupons shall be in bearer form or
accompanied o. prop-r transfers TO the speaa'
In ileu ~ such receivers certificates. bonds and
coupons ~ claims the Special Master VIII acctp'
the certificate q any ustionai bank or ifust con-
Boston rr in the city n Detroit. acceptable 70 me
Special Master. that it holds subject u his order
such recs ycIs' certificates and/oi bonds o, thc
character and % the amount therein specified ana
n iu coupon 'orm accompanied by the coupons
therein stated rHd/or such claims o. the character
and 70 fhe AMOUNT therein specified with proper
transfer Thereof
Tie purchaser viii be credited on account ~ The
purchase price NJ the property hy Inn pufcha,stl
far an receivers certificates snd Tor an DOT ~
and coupons a.d tor an cislm' $" ,st' .i 80
90 the Special Master i1 part pdyme1 ~ tle pHi .
chase price such sum, a. would be paid Do fesp"ct
20 such receives ccrtllcatei or Ut tfopt't " 50
ronds ard coupons or boz 20 ped 10 such claims
out of the proceeds of the sale u the Nho.e su
" the purchase price paid In cash. sad touft
rcserycs the rght to resell upon such notice as
said Court direct the properly SOFA 20 az
nlirrbaser In case said purchaser shall fall or omit
90 make auy payment ou account OF we uupaf
balance of the purchase price Nllhm tne Irilp~
o. twenty days after the entr ~ an o.nt, ~,
0uinng such payment and in cas" the puichass
shall make default for period N tweru days
Boo complying with the objections W any o'def loI
such parmcut iy said court then SAID OolLi may
rctase and resell the property sod Z" lns p.' 49,
who or whose successors o. assigns suaN , Let7
made default and a. bis ~ their Own co-, a.Y -.
IL The purchaser o. Parcels ana siHt a.
rart az fla consideration for the property purchdseu
and iu add t0I o. the sums bid .y slcn pufcnss.t
lake such property and receive the deeds or oIef
A. sfuuneufs Of conveyance and transfer thereof upp
the cxpra.s condition that he VIII pay. stllsiy ~
f.sch,rga any aud all 'sxes and assessments when
Shall be a ten upon suy Of said property pufchas'l
The purchaser ~ "arces {. j. anu = Sns.l.
as part NJ the cols Iteration for ihe properly puI
r,trhsser and cl,eWhe-e iu said Final DEGREES 70.
qu.red 10 Do, paid hy him. take such ptopeiy sl"
veyancc and transfer thereof upon the express coui
fiou that he viii. 20 the extent tiat ais 49,
amounts have not been paid. Or shaB nqt ne Pa pay.
out OF moneys in possession Of tie Receivers pay
satisfy sAd discharge
lal Any compensation tia; has been or shall De
allowed 90 tIe Receivers or theif SOLICITORS pm "a "a
Consolidated Cause. or On ans % the cousuiueh
suits. and also any Indebtedness. Oh LEGATIONS slH
Liabilities loiher than the certificates u ln4en' p
described. which shall have ueen coniral.eg
incurred by the Receivers In said tohsoaa@. el
Cause or u any of the constituent snits nt ~,
management. Of operation n tue property purchase"
ana 0fhefaf.a ln tho discharge o. their duties 2.
.ti.h Receivers hetxeen the date of the! appoint
neuf and he date ~ The delivery by ihe Receivers
OF possession of the property sold
tbl ANY claims ~ creditor, Of the Consolidated
Company heretofore fled boz said Go. solds'ed tan',
fsre been or SHAH be admitted by tie parties DO
interest or sd-ulged by said Court % De- pr or
iu Zen or superior in equity 10 the tonsoldatei
Mortgage or 10 The Rounding Mortgage o. 10 no
improvement Mortgage
ic Any aud an taxes ana Assessments "nlcl
shall be- lien upon any o. said property. and
which II said property IS subject % the lien OK
the Consolidated Mortgage. sinai be nrof 10 ne
der WI he ,eu'e s 70 M, hi Refs1lns Mortsss.
shall be prior 70 the lien Of said mo tsage. and
which. II said property Is subject 10 the lien o.
ihe improvement Mortgage shall be pn0r 10 ms
leH " said mortgage.
A. the time NJ the delivery by the Receivers -
possession OF Parcels e. and Z. the Receivers
viii pay % the grantees thereof or Oh their order
aid ash m the possession Of the Receivers. snd wiil
deliver tO said grantee, on their order all cur
rent assets materials and supplies in the possess
a. the Receivers IN Parcels 4. u and shall
not be- sold together the cash. current assets. mate
RAILS and supplies Boo the possession n the Receivers.
and liabilities 0f the Receivers. Will be apporionel
3D., said count among such Of said Parcels As said
Count shall hereafter determine. aud their proper
ton Of any such cash ana 81 any such comSnsd
zion. Indebtedness. obligations and liabilities 20
found aUl NnffInNel VIII ne ffeitlefl ana palu TO,
or a. the case may be. charged against. the pur-
fhascrs NJ said respective Parcels The deed Of
deeds or other instruments ~ Conveyance ana trans
fer Will Doe delivered also subject 10 The satisfaction
and diSchafgc ~ any Indebtedness or liabilities tex
eept the Indebtedness secured by the iustrgme =
.r,ersed d., clause. 10 22 both inclusive q arti-
.'e Fourth of said Final Decrce.l contracted OF
incurred by the Consolidated Company Boz the opcr-
axiom ~ rs property pnor 10 tne appointment o.
the Receiver aud whicH shah be- sdludgrd by said
Court to Ice p-iof in lien of superior BIZ equity 90
tie improvement Mortgage On me extent TO WIG
income Of the property n the hands o. the Re
.eyer. OBJ as D, otherwise directed hy said Fla
DEGREES ~ case however Taf,e.s {. d and z
Shall not be- sold together
The purchaser OF Parcel will not be- re-
qu.red to make payment n any sucn indebtednesi
qr liability unless such claim shall be sdiudicafed
tv sad Court 20 he prior iu lien superior iu