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

i'm cash or by certified cneck on Soto
national bank or trust company IN the
civ OF New York or IN the city or Cln-
cinnati acceptable 20 the Special Master
and made or endorsed payaDle 10 ms
order, or $4,000 face amount OF IRON
ton Bonds In bearer FORM accom-
naptod bv the coupon Of November J.,
1914 snd all subsequent coupons sucn
deposit may be partly IN cash auo psrlF
en- bonds but in the same ie's'I'e pro-
portions;
Co In case OF the property described
On subdivision (c) Ot clause III or fa.a
graph Flfth hereof. the sum OF t50'oO'
in cash or by certified check on some ma
tional TANK or trust company in the cry
OF New York or In tho CITY OF Clnclh,
natl acceptable TO the Special Master anu
made or endorsed PAYABLE 20 ms order'
or $500 900 face amount OF IrontOn Bonds
I'm bearer form accompanied by the cou-
pom OF November !. 1914. and all subss-
auent coupons; such deposit may be partly
IN cash and partly IN bonds nJl IN the
same relative proportions.
III In case % the property described IN
clause " OF Paragraph Fifth hereof, ne
sum OF $4,000 IN cash or by cFrtined
heck on some national bank or trust com
many IN the city OF New York or IN the
Cny Of Cincinnati acceptable 70 the Special
his order or $3.50. 900 face amount OF First
and Refunding Bonds IN bearer form.
and IN coupon bonds &c. onpanied BY the
couoon OF July ]. 1914. ana all subsequent
Co.b oc ~ rer,ided cheek aud partly in
bonds but in the same reiatlye proper
tons.
~. In case. a. an entirety ~ all the
nropcrtv embraced IN the Ironton Mort
gage, the First and Refhdins mortgage
and tho General Mortgage. as provided "a
clause / Of Paragraph titth hereof, the az
vreeate OF such sums I'm cash or by certified
check as aforesaid or the aggregate ~
bonds of the character and OF the amounts
us would be required under me totegolLs
clauses l. II and llf OF this Paragraph Sixth
In order 20 qualify such person 20 bid for
such property when offered in said parcels
In lieu OF the deposit OF bonds and cou-
pons the Special Master may accept from any
nader the certificate OF any national bank or
trust company in IN" city OF Ne" fork or IN
tbe Citv Of Cincinnati, acceptable 10 IN
sprciaf Master. that it holds sub tcct 20 T. r
order bonds Of the required character IN
bearer form. and, II I'm coupon form, accom-
panied by the required coupons.
( 4 deposit made By any bidder for sep.
srato parcel or sub parcel may 50 far -
applicable. be applied on account Of tho
deposit required 10 be made in order 20
qualify him 10 bid for the same property
when offered FOR sale with other proper,f
as an entirety.
An, deposit received from any unsuccer5-
mi bidder will be returned 20 him when
the property shall be struck down. The
denoslts received from the succe ssful bid
chase price OF The property
Seventh. The Special Master will not
accept any bldg less than:
7 For the property embraced In the Iron
ton Mortgage the First and Reminding Mort
gage and the General Mortgage as an en-
tirety the sum o. s4,725,020;
II For that part o, the property en-
braced in the Flrst and RcfundinR Mort
I cage and the General Mortgage which ia
ESQ embraced In said First Mortgage "
The Cincinnati, Dayton and Chicago Rail
road Company;
rs) ro- .aiad property as an entirety
the sum Of $50;
tbl For the property described IN sub
division tbJ Of clause n OF Paragraph
Fifth hereof the sum Of $40;
tc) For the property described in sub
division tcD OF clause ii Of Paragraph
Fifth hereof, the sum Of $40;
III. For the property embraced IN the
| Ironton Mortgage:
(a) For said property as an entirety
the sum Of Sl,225.000:
% For the property described in sub
division 6bD OF clause III OF Paragraph
Fifth hereof. the sum Of $4,000
tc) For the property described In sub
division fcl Of clause III OF Paragraph
Fifth hereof the sum Of Sl.l60.000:
". For the property described In clause
" of Paragraph Fifth hereof the sum OF
$500 000
Eighth. In case any bidder after the ac-
ceptance Of his bid By the Special Master.
shall fail To comply within the period Of
twenty DAYS after the entry thereof with
any order OF said Court requiring or relat-
ing TO the payment Of the balance OF the
purchase price then the moneys or ponds
and coupons deposited by such acceptsi
+ fub afo UrOktGal ~
forfeited a penalty for such failure aud
viii he applied TO the payment q the eN-
peHses Of resale and toward making
good any deficiency or loss IN case the
property shall be sold az less price on
such resale. and TO such other purposes as
, said Court may direct.
II said Court shall not confirm any sale
tho deposit made by the accepted bidder
/ at such sale will be forthwith returned 10
such bidder.
Ninth The purchaser upon confirmation OF
/ the sale shall make such further pay tneht
/ or payments in cash on account or tn1
purchase price as said Court may from
time 10 time direct. so much or the pIr-
chase price as may not be required Dy
said Court 10 be paid in cash may either
/ be paid in cash the purchaser may
satisfy and make good the residue OF ms
! bid IN whole or in part by turning over 10
the Special Master TO be cancelled or cred :
tied as hereinafter provided, bonds ana
coupons entitled 10 be paid out or the
proceeds OF sale on distribution thereof -
IN SAID Final Decree set forth. sald
bonds and coupons shall be in bearer form
! or accompanied by proper transfers to the
9 Special Master.
In lieu OF such bonds and coupons. the
Special Master may accept from the pur-
chaser the certificate or any national bank or
trust company in the city Of New YORK or IN
the city OF Cincinnati, acceptable 10 the
Special Master, that II holds subject 10 MS
order bonds to the amount therein specified
ard, IL in coupon form. accompanied BY
the coupons therein stated.
The purchaser shall lie credited on account
/ OF the purchase price OF the property by him
purchased Tor all bonds aud coupons turned
over, or specified In certificate delivered as
hereinbcfOre provided. In part payment OF
the purchase price, with sucn sums as would
be paid in respect to such bonds and cou-
pOns out OF the proceeds OF the sale II the
whole amount Of the purchase price were
paid In cash. said Court reserves the right
10 resell upon such notice a. said Court may
direct. the property sold 10 any purchaser
in case such purchaser shall fail or omit to
make any payment on account OF the IN
: paid balance OF the purchase price within
twent" days after the entry OF an order re-
curing such payment.
\ purchaser shall not be required 10 pay
the shares distributable Ia cash out OF the
proceeds OF sale upon lrontOn Bonds or cou-
{ pOrs appuItensnt thereto, or upon First ana
Reiunding Bonus or coupons appurtenant
thereto, or upon General Bonds or cou-
pons appurtenant thereto, until ten days
after said Court shall. OH application OF or
I on behalf Of the holder Of any Of said bonds
or coupons, enter its order OF decree direct
ing payment in accordance with such order
OF the cash distrlbutive share OF the proceeds
OF any sale TO which the bonds and coupons
or any Of them in respect OF which their
holder shall make Application az aforesaid
shall be enutled. Until purchaser, his sue
cessors or assigns. shall have paid In cash
the distrlbuuye shares in the proceeds o.
sale TO which any such bonds OF cou-
pons not used in part payment OF the pur-
chase price shall be entitled, either to tue
Special Master or into Court or IN accord
/ ance with some order OF said Court. SAID
Court reserves a paramount lien and charge
upon the property sold 10 such purchaser and