New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-10
MASTERS SALE


/ rate parcel. may. so far as applicable. I've
/ applied on account Of the deposit required
to be made in order TO qualify him 20 bid
3 Tor ihe same property when offered as part
/ Of the mortgaged property as an entirety.
I'm lieu OF the deposit OF First Mortgage
/ Bonds and coupons with the Specisl Master
hereby permitted. the Special Master will
/ accept the certificate Of the New York Trust
! Company that IT holds subject TO his order
the amount therein specified OF First Mort
gage Bonds In bearer form, accompanied by
the coupons therein stated. Tie DEPOSIT re-
celved from any unsuccessful bidder Viii be
returned TO him when the property has been
struck OF. The deposit received from any
fuccessful bidder will be held by the Special
Master subject 10 the orders OF said Court.
and upon confirmation Of the sale Will be APP
piled on account OF the purchase price OF the
1 property FOR which said bids we're made.
VI In case any bidder. after the accept
arce OF his bid by. the Special Master. shall
fail TO comply within the period OF twenty
: days with any order Of the Court requiring
or relating 10 the payment OF the balance
/ Of the purchase price. then the sums depos-
hereinUefore provided. whether I'm cash or BY
check or represented by First Mortgage
> Ponds will he forfeited as a penalty for
: such failure and will be applied 10 the pay
I 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
J as the Court may direct II the Court shall
the accepted bidder will he forthwith re-
turned to such bidder.
| VII The purchaser or purchasers on the
| confirmation OF the sale by the Court. shall
make such further payment payments in
/ cash on account ~ the purchase Irice as
/ the Court may from time 10 time direct. So
mrch ~ the purchase price as may not be
( required by the Court TO be paid In cash
( may either be paid in cash or any purchaser
may satisfy and make good such residue OF
! his BID in whole or in part by turning over
( crt dited. as hereinafter provided. First Mort
gage bonds and coupons thereunto appertain-
/ ing. In lieu OF so turning over to the Special
: Master First Mortgage Bonds and coupons
J the Special Master will accept the certih-
/ cate OF The New York Trust Company
( that It holds subject 10 his order the
! amount therein specified OF First Mort
| gage Bonds IN bearer form and accom-
panied by the coupons therein stated 4
/ purchaser will be credited on accoun. Of the
! pui base price for First Mortgage Bonds and
/ the coupons thereunto appertalninS turned
over In part payment Or the purchase prize"
/ such sum as would be paid In cash uDon such
/ First Mortgage Bonds and coupons out Of
| tie proceeds Of saie II the whole amount Of
J the purchase price had been paid in cash
T. The term purchaser wherever used in this
B Notice or in said Final Decree includes the
plural in case there shall he more than ono
. purchaser OF any property sold hereunder.
VII. Tho Court reserves the right 10 resell
! the property sold 20 any purchaser upon
: such notice as Il may direct at the risk and
3 cost OF such purchaser. in case such pur-
. chaser shall fail or omit to make any paw
/ ment on account of the purchase price within
I twenty DAYS after tho entry ~ any order
fequir.ng such payment. Neither any pur-
F chaser, nor hts successors, or assigns shall he
required 60 see 10 the application Of the
D pugchaae money Zach purchaser shall have
B the right 10 enter his appearance In said
Court and to become 4 party 10 the cause.
tx. A. provided IN Article xxx OF said
Final Decree purchaser Of the whole or any
~ q
. the same subject to all taxes, Assessments
and other charges that are a lien on said
I property. ana the purchaser OF the mort
gagged property IS an entirety. or II II shall
no, be sold as entirety, the purchaser OF
I the parcel provided for In subdivision tcI Of
3 Article XVI OF said Final Decree. being
the parcel described I'm subdivision tcl OF
/ Paragraph hereof as part Of the consid-
/ Grafton for said property and as part OF tie
( purchase price thereof. and in addition TO
the sums nd by him. and elsewhere IN said
, Final Decree required TO he paid by him
] shall take sush property ana receive the
Q deeds or other Instruments Of conveyance
and transfer thereof upon the express condi-
tion that he or his successors or assigns
shall pay. satisfy and discharge any unpaid
. Indebtedness and liabilities OF the Receivers
oil The Cincinnati. Hamilton and Dayton
/ Railway Company except taxes and assess
ments as sforesaid) incurred I'm the manage
4 ment and operation OF the property subject
70 the First Mortgage TO the extent that
they shall not have been paid out 81 moneys
/ In the possession OF said Receivers including
moneys received D. them after surrender ~
posses sion ~ said property. but arising from
thc rrloi management ana operation thereof
/ he amounts 10 Zee paid under said Article
NNN. Unless agreed upon by the psrties IN
Interest shall he hsed ana sdludgei BY saii
court. aud said Court reserves the right aud
retains the power aud Jurisdiction 50 10 do,
and the right power and jurisdiction 10 take
back and resell any property that shall DO