New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-12
uAsTES's SALES

sum OF 100000. Tor Parcel. q m
e o.. e s1ss'ssr; l,s ih,n the sss
entirety less than the sun q sle IA. Ter.
! VII In case any bidder. upn 10.
bis 9id o The SPECIAL Master. shsG ~ T,e.
,ha n,n W. W., . q ssniy DAYS ~, 81
/ United States for the Eastern Dst,,s c.er ~ /
Southern Diyisiou. requiring or r,l.sso MI
ment OF the balance Of the purchsss a.
moneys. receivers, certificates. bond, ~
or claims deposited by such .nc,,-..e< ~
/ be forfeited a. a penalty for slrh ~ cct-9
be spilled 20 the PAYMENT Of he .,s1s 4.
| ssle snd toward making good sny &C. esS
IN n case ne p,op. r 70 respect q d.
J shall make default shall - soId a, sst ~
such resale, and 10 such ether r.,-s ~
: Cour may direct u said Cour, .h,I e.
any sale tne deposit nsde BY n. sccsr,,s z,
{ VIII. The purchaser upon oo,eG@ "a y.
Z sale or ssles must make such fgrs.,N 4 ri
payments IN cash on scccuni n 10 afcr N
; As said court msJ from tine 70 In. - - ;,
4 much Of the purchase price a. ma, -, est N
/ oy said Court 70 be psid IN cash "a, - "a,
I in cash. Or the purchaser nav s,.sf \.
good the residue o. his bid IN whols !, - i.
turning over 70 the special Master 70 -
coupons and/of claims. With proper i,,,.s1a III
, entitled 10 be paid out a the proo,ss. " ~
distribution, thereof. SAID recpiyers' - ~
said bonds AL COUPONS shall b 10 hsrs
sssSnp"h'e' " proper uanne" TO u s'|
In ieu o. such receirsrs' c,r,s.,,.
co,ponr or claims. TIE Special Mlsi,, - al
Iss 'r q ,ss c ~ az S,,io1 ~. bah
I Boston or 10 the C1tJ Of Detroit. seceus ~. = Il
Spec Master. that il holds suhs- Ia II II
such receiveo certificates AndloF Ia, s<tI
char ctsr and 70 the amount therein ,p,-s,s N
II coupon form accompanied b. a. - n
| nsrrin dsted. sBd/o1 sDcu isias a "A. M
sDd 70 the smonnt therein 'pecifs' ~ :.
| transfer tbsrrof FL
rhs purchaser vii he creditsh g. 49,,
/ curchss prics Il the prop~rs y n, -
Tor all recsiwr srifesis sn6 ts n -
| and coupons and fnr III claims n tryrx|I
70 the specsi Nssei n cur psymsnt n a II
chase prics slrt suns - soaio b osi- 9 -
bonds and coupons " IN n-D~7 Z ~. -
nj of the pror-~ds ct-t5p ssls 4 ths ver,. -
! Of the purchase pricr S-r paid n csxh sft-s
reserve. the 1an' 'r-sll sOco socs as1 |,
purchaser n css sucb purchaser shsll ~ = III
! 70 msks any payment % arrcunt n ~ ~
hslsfos of the putrhase Drcs vtthN n -.
Of twenty DAYS after the sntD q n ~. !,
quirins uDch oavmert' and m cu9 u nrrs.-
shall make default Tor oe1od q ,vNn :.
In eonplyins edh the dirsctions q sny ~ n
! such payment By said Court then ssN rsur !.
/ retake and sell the oroperty sold e N ov-.
/ who or whose sucressor or lssims shsn |, Ii
l made default ana - Ms ~ their Gun nj ~ III
*. The pyrrhsser of Pa wis A "a y ,A.s
pan Of ths Sonsids, stioo ior the -,oS.r, $50
a, and IN addition 10 the suns no ~ nh og.4-
tar a. property ana revive n Geo, ; II
Instruments n conveypncr $50 trsnsie- tts-sss ),
tho express cordition that he viii ps,. anr, u
discharge sny ana all taTer and so>orer,, ~
! shall be lien upon any Of ssld pryery rssr|
The purchaser Of Parcels {. D M z 3.
as psu Of the Consideration - IN prcs-, n
chased. and in addition 10 the suns "a y n
| purchaser and elsewhere 10 SAID I,H O,r-,
ouired 20 be paid By hirl. tshe y : oruosru n
receive the deeds or oihes inStrlnnn 4 n
seyance and transfer thereof upon The szvrss ~
don that bs vilI. 70 the sItsnt th,i ~, =
! smounts have DOT beeo paid. OF shall 81 3 n
cut OF moneys 10 possessiou Of the Rscssr hi
satisfy al dischstee
eel Any compensation nat has ben q,
allowed 70 the Rsccwrs or their solston Is q
Conyoltdstsd eau o. m sny u b s-frsv
suits, and also any Indebtedness osanurs n
liabilities tothcr thsp the oeri1csis q al
ednsss In Paragraph XNNV q ssid no, O.7]
descrtbedI Witch shall hsw heen nors.x
Incurred BY the Receivers IN said forsH.s
| Cause q IN any ~ the constitueut nit 4
management or opefstion q the Nop.ru rurAs]
and otherwise In t.d disoharse Of ihsi .vis
such Receivers between the date q thsr sv,s
m.nt and the date Of the delivery By ths ksais
! Of possession Of the properly sold.
fbl Any claims a creditors q i-e f0Satr
Company heretofore hled IN oid consolidrs u,
or N any OF the constituent suiu Ead Al
have been or shan be admitted By ,bs p,rs
Interest or sdiudssd b. tsld Cour g b n
Ia lien or superior In equity to the ccnslI,|
Mortxsge or 20 the Rsfundlns HoriFau O q
Improvement Mcrssp:
lei ANY ant an tsIe ard .xssueru M
shall be q ien upon snJ o. said pwsy \
which n said property is subject TO ne u
the Consolidated Mortgage, shan 0. pnd q
Is sub,ect TO tbs len Of the Rsfund,ns ucra
shall be pier 10 the lien q SAID nornr |,
which. II said properly 10 subject 70 ths bc
the Improvement Mougsge shah be tn0 q
At the time Of he delivery oy .hs Rssrn
possession OF Parcels G., D and y. he Eft,1
will pay 10 the grantees thereof Or On haf 4
all cash IN the possession u the Rscsiwr snc
deliver TO said grantees Or en- Their ofdG a. i
rent assets. materials snd supplies N he pnsss
OF the Receivers 10 case Psrce1 G, nd n
not be sold together the cash current asa N
rials and supplies IN the possesion Of The kesii|
and such compensation. iudsbiedness. % az
and liabilities o. the Receiver sill b gponu
by said Court among such q said Ptos 1
Court shall hereafter determine and tsh ~
ton Of any such cash snd Of .ny such ncos
ton. Indebtedness. obligations and rstors
found and determined viii BE- credited nd lan
| or ss the case may h. charged sgtnh u 4
chssefs Of said respective Pness In -
deeds or ether Instruments u couteJno ~ ri
Ter will be deliTered also SUBJECT 70 ht kftr
and discharge OF any indebtedness o. h,ofJe
cept the Indebtedness secured ~ te naf.p|
specified IN clauses ! 10 = beth incl.siw Al
Gle Fourth Of said Fina Decrtsl ccutns
alton of IT'S property prior 20 TIE ,ppcin'ssa
the Receivers ana which Ghall b sdildffo
Court 20 be prior IN len or superior "a ~
the Improvement Mortgage 10 The eivai s'|
the same shall not be paid or ssis1ed ~
income OF the property 10 the handi "
ceiVers or az 4 othersise directed p 'ne
DEGREES. In case. however Parcels I. ~
shall not be sold together
/ The purchaser Of Parcel WI os
ouIred to make payment o, sny ileh noso.s
or inability unless such claim shah y 49,,
by said Court 10 be priof IN leo tsgdH
equity 10 the CONSOLIDATED horete;
quired TO make payment a any suee nos1s1
or liability unless such claim shall % iaN..f
by said Cour 20 be prior in heo OF taPn@
equity to the Refundins horfa;si -, a.
ouired 10 make payment oi any riea oos.s.]
or liability unless such claim SHAH y soasso
By said Court 10 be pncr IN hsn o. ssen1
equity TO the improvement Aorsisa
IN the event that any purchaser q ~
property directed IN and hJ sad Finil psr~
Be- sold. after demand made. shall 'tius y
any 81 the sums Uhirh, undh nc pig'.
Article Ninth u said Final DEGREES %
to pay. the person holdlng the claim taeita 4
twenty DAYS notice IN writing 70 sscn - -
may hle a petition IN said court N uhe .o. 4
dated Cause 20 have such claim sniofcee as,
Nth ~ usual practice o. ssii Cour a "a
n payments Of similar eh,rsSr; 80 -
chaser shall haze the rght 70 s1Ieh =. -. u
defense 20 any claim or demand or 70 tls Il
thereof 80 sought 20 bs s1foreed arc. -
order made thereon For ne parp1s, = -
SAID provisions ~ said Article ein'h lcn saia's
said Consolidated Cause Is rsinnea ~.
ard said Court reserves The nsht 10"
resell any property sod 70 such plfllnu ii
he shall 'ai 20 comply With az ordsf q 80
Tor the payment u any such sum VIDE ~, vi
Of twenty days after the sery1ee /. ~
order or n an appeal b tsssn iio1 - -
! 49, .f.bf, a. nsrlof n fNenfy dayt fin
vice Of written notice Of epA eoafnnsno
x. Article Tenth o. said Fissl Dsefss -
that the Receivers shiiL nt more nD y Il
nor lees than Ten DAYS peI, ~
with the clerk Of said United sac. Dsnn -. \
for the Eastern District u henis.n - Il
DiyisiOn an advisory statement 0, ,hsN 49,. \
reference 10 the property IRON tii'e go !.
ou'red and then held 10 - icf ~ ',,,.,,. d
cash. current assets materials t1e 'sps.s. Y
with reference 20 ell property q tne !. !. "a
Company believed BY the kecsNtrs ~ s..-s..~
cred ~ the len n The Consohotle9 n9I..s.-..>@
the Refunding Morts1se ~ q tsis1,.s
Iigstions. liabilities. contracts. ssse. ass
demands. FcT s m5re particuln TO" -
contents Of saii sisieuent o. s,tsnslN
4 hereby maue 70 said Article Ienih Al
III AIRY purchaser shall hsTe ne ntN -
not 10 take or secspt any GER q ~
sold 20 such purchaser D. snuea 49, - Il
election 10 the SPECIAL master r'sn -
PRIOR 20 the execution and dsi'ep o. ~. 81
other instruments o. congsJAnos ffon ~ - vi =,
Master No such slert.on - Q pefea III
diminish or sneet the purehass pf"
" uN proy,d.d No Ar,ei. Eleventh q sn III
Decrees the purchaser q Parcels -
whether sold separately or iogsihd w 4 d
one year from the dste q ttkins poss- ii
property sold within shich % tlect sa'p -
TIME IN force or tc refuse &c adopf -
m =.