New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-15
MASTERS SALE


tain OF said Gold Notes. all Of which
property Is described In Subdivision o.,
Article MI OF said DEGREES go n SUD
division b Of Article II ot fhe ceseFip-
(c) The sum OF $40 for the property
pledged 70 secure the payment OF ee'
tain note OF the defendant HshNAy
Comps ny 20 the Board Of Hospital PEI
vice Managers and described in Suodi-
vision Of ATuels MI Of said oeGrees
and IN Subdivision G OF Article II 0i
the descriptive clauses hereof
(d) TIE SUM OF $4,000 for all otnef
property adjudzed by said DEGREES not
to be subject TO the lien Of toe SAID
First and Reminding Mortgage Of me
defendant Railway Company. and es
Ecribed in Subdivision u OF Article MI
OF said DEGREES and in Subdivision d OF
hereof:
(d The sum Of si5 4OO.o 900 for The
property subject 20 the lien or SAN FMS.
and RefuHding Mortgage. and cescrioed
Ia Article VII OF said DEGREES and IN Art.-
clio I % the descriptive clauses hereof
~ The sum Of ;ls,lso,os0 for al me
property described IN Article Mi ana IN
Article XII OF said DEGREES and in Artl-
Giles ! and II OF the descriptive clauses
hereof, an entirety;
and n such respective sums shalt not be
bid for any o. said parcels. nor said sum
for the property described In Article VII
and "a Article XII % said DEGREES and N
Articles / and II OK the descriptive
clauses hereof. as an entirety, the Special
Master viii al iourn the sale Of such par.
Gel or parcels for which the required
amount shall not have been hidden and
Will apply to the Court for further IN
struct!ons In respect thereof
Z. IN case any bidder upon tive accept
ance OF bis bid ~ the special Master.
shall fail % comply, within the period OF
twenty days after the entry thereof. with
any order OF said United states District
Court FOR the Eastern District OF Mis-
"a
.stlng 10 the payment OF the balance OF
the purchase price, thea ne moneys or
bonds or claims deposited oy such &C
cepted bidder as here!noefore provided,
viii be forfeited as penalty Tor such
failure. and Will be applied 20 the pay
ment OF the expenses OF a resale, ana
toward making good any deficiency or
loss ia case the property IN respect OF
which such accepted bidder shall make
default shall be sold at a less price on
such resale. and 10 such other purposes
as said Court may direct
TX said Court shall deny an application
% confirm any sale, the deposit made By
any accepted bidder at such saie VIII
thereupor be returned 20 such bidder.
5. Upon the confirmation OF any sale.
the purchaser shall make such pay ment
or payments IA cash on account Of the
purchase price as said Court may from
Time TO time direct.
SO much Of the purchase price as may
not be required by said Court 10 be paid
in cash may be paid in cash or the pur-
chaser may satisfy and make good tho
balance OF his bid in whole or In part by
delivering 20 the Special Master 70 be can
cel.ed or credited as provi Ted II said de-
Crees, FRS and Refunding Mortgage
Bonds Of the defendant Railway Com
pany, 81 bearer form, and, N coupon
tanning thereto duo september I. 1918. and
subsequently. 70 be paid out OF the pro-
ceeds Of sale on distribution az provided
ln said DEGREES. and claims against the
dat Dan PA u ha
been or may be allowed and established
In said consolidated cause Ia the United
States District Court Tor the Eastern Dis
tTlct Of Missouri. Eastern Division, and
are so De so paid as IA Article XXI OF
such DEGREES provided. including any de-
hciency claims IN respect OF such First
and Refunding Mortgage Bonds and cou-
pons which may be allowed by said Court
in favor OF the trustees Of said First and
Refunding Mortgage or any boRdh OldeTs
and also any deficiency claims which may
be allowed BY said Court in favor OF the
hOldsTs OF any other bonds or oolisa-
lions Of the defendant Railway Company
secured BY mortgage or pledge Of COLI
lateral Or OF the trustees OF the mort
cages or trust indsntures given to secure
the payment Of such bonds or obligd-
tions and which are 10 be so paid
Registered bonds shall be accOmpan ed
by proper transfers TO the Special Master
and said claims shall be accompanied by
proper assignments thereof 70 tns Special
Master. In lieu OF bonds and coupons or
claims. the Special Master may accept
the certificate or certificates OF any
solvent bank sankns institution S4 trust ,Ss
United States Cf America or any Euro
pean country. acceptable 90 the Special
Master. that u holds subject 20 his order,
persons, OF corporation therein named and
. assigned 70 bis order, bonds OF the
amount therein specified, and. Il IN cou-
pom form accompanied by the coupons
~ az
quired character and Of the amount there
10 specified accompanied by proper and
appropriate assignments thereof, trans
ferring the same % the Special Master.
The purchaser viii be credited on ac-
count OF the purchase price Of the prop
erty by him purchased for all such bonds
and coupons and for all such allowed
claims 50 delivered 10 the Special Master
in part payment Of the purchase price
with such sums as would be payable in
respect OF such bonds. coupons and claims
out OF the proceeds OF the sale or sales
made pursuant % said DEGREES II tho
whole amount Of the purchase price we're
Paid in cash.
said Court reserves tho right 20 ratsks
and resell upon such notice as said Court
NAV direct. any property sold 10 any
purchaser In case such purchaser shall
fail or omit TO make any payment on ac-
count Of the unpaid balance Of the pur-
chase price within twenty days after the
entry Of tho order requiring such pay
menr
4 purchaser will not be required 10 pay
70 the Special Master the amounts pay
able in cash, out OF the proceeds Of the
sale 10 such purchaser, IL respect OF any
OF First and RsfundiRg Mortgage Bonds
and appuryenant coupons payable on
September /. 1915. until twenty days
stts- said Court shall on application Of
the holder OF any OF said bonds or cou-
pons, enter its order or decree directing
iha payment OF the oash distributiys
share Of the proceeds Of the sale 10 such
purchaser TO which such bonds or cou-
pons in respect OF which such holder
shall make application as aforesaid, shall
be entitled.
Until a purchaser, his successors or as
signs shall have paid in cash the dis
trlbutiye share OF the proceeds Of the
sale to such purchaser to which all such
bonds or coupons shall be entitled, either
directly OF IN accordance with some order
OF said Court or into coUrt. said Court,
subject TO its further order, reserves a para
mount lien and charge spon the prop
erty sold 20 such purchaser and every
part and parcel thereof for the payment
into said Court In eaSh of such unpaid
part or portion Of thu purchase price;
and IA case the purchaser, his success
sors or assigns, shall for twenty days
fall to comply with the terms OF any
order for such payment made BY said
Court, then said Court upon the appliea-
tlon OF the owner Of any such bonds or
coupons, may IetSke and resell the prop
erty sold 20 the purchaser. who or whose
successors or assigns sh@lt 90 nave mAoo
default, and at his or their cost and risk.
purchaser shall not be required TO
sec 10 the application Of the purchase
money, nor be snswsrsble In any manner
whatsoever Tor any loss, interpolation.
or non-applicatiOn OF any such purchase
money or OF any part thereof.
9. AS provided In Article XVII OF
eald DEGREES the purchaser Of the prop
erty described IN Article VII OF said de-
erees and In Article l OF the descriptive
clauses hereof. az part OF the consider
anon for said property ana "a part " the
purchase price thereof. and Ia addition 70
The sums bid by him and elsewhere IN
said DEGREES required 20 20 PAID ~ him,
snail take such property and reoeivs the
deeds or other instruments Of conveyance
and transfer thereof. upon tia express
condition that he or his Successors or as
sigma shall pay, satisfy and discharge.
- Anu unna.l CONDENSATION Mhloh