New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06
MASTERS SALE

property Is described IN Suou''!s"n v
Article XII OF said DEGREES snG n SUB
division OF Article III OF the cesef'p-
tive clauses hereof.
te) The sum OF SO for the properly
tain note OF the defendant Railway
Company 10 the Board OF Hospital SER
yice Managers and described In suool-
vision c o. Article MI OF said DEGREES
and In Subdivision . OF Article Al VI
the descriptive clauses hereof
I'D The sum OF $4,000 for all cinet
property adjudged ey said DEGREES no!
10 be subject TO the lien Of the said
First and Refunding Mortgage OF the
defendant Railway Company. and de
scribed. In subdivision u OF Article MI
OF said DEGREES and in Subdivision ID OF
Article IL Of the descriptive clauses
hereof:
(e) The sum OF si3.40o.ooo for the
property subject 10 the lien OF said FIRST
and Refunding Mortgage, and described
10 Article VII OF said DEGREES and IN Artl-
Gle I on the descriptive clauses hereof;
% The sum OF si6.l5O.02o for all tins
property described IN Article VII ana IN
Article MI Of said DEGREES and In Arti-
Cles / and ii OF the descriptive clauses
hereof as an eatirety;
and II such respective sums shall not be
bid for any OF said parcels, nor said sum
for the property described IN Article WI
and IN Article MI OF said DEGREES ana IN
Articles ! and II OF the descriptive
clauses hereof. as an entirety, the Special
Master will adjourn the sale Of such par
eel or parcels for which the required
amount shall not have been hidden and
will apply to the Court for furtheT IN
structions in respect thereof.
:. In case any bidder upon the accept
ance OF his bid by the Special Master
shall fail to comply. within the period OF
any order OF said United states District
Court for the Eastern District OF MIS-
souri,. Eastern Division, requiring or re-
lating 70 the payment OF The balance Oh
. ha 10. moneys
bonds or claims deposited j.. such sc-
cepted bidder. as hereinbefore provided
Will be forfeited as a penalty Tor such
failure. and will he applied 10 the pay,
ment OF the expenses OF a resale. and
toward making good any deficiency OF
loss In case the property IN respect OF
which such accepted bidder shall make
default shall be sold at a less price on
such resale and 20 such other purposes
said Court may direct.
II said Court shall deny an application
tn confirm any sale the deposit made by
any accepted bidder at such sale VIII
thereupol be returned 10 such bidder.
s. Upon the confirmation Of any sale.
the purchaser shall make such pay ment
or payments IN cash on account OF the
purchase price as said Court may from
time 10 time direct.
SO much OF the purchase price as may
not be required by said Court TO be paid
In cash may be paid I'm cash or the pur-
chaser may satisfy and make good the
balance OF his bid in whole or IN part by
delivering to the Special Master to be can
celled or credited. as provi led In said de-
crees. FIrs. and RefundIns Mortgage
Bonds Of the defendant Railway Com
pany, IN bearer form. and. II coupon
bonds. accompanied by the coupons apper-
tanning thereto due September !. 1915. and
subsequently. to be paid out Of the pro-
Creds OF sale on distribution as provided
iu said DEGREES. and claims against the
defendant Railway company which have
been or may be allowed and established
IN said consolidated cause In the United
States District Court for the Eastern Dis.
trio, OF Missouri. Eastern Division, and
are so be SO paid as in Article NNIl os
such DEGREES provided including any de-
fCleucy claims IN respect Of such First
and Reminding Mortgage Bonds and cou-
pons which may be allowed by SAID Court
in favor OF the trustees OF said First and
Refuuding Mortgage or any bondholders,
land also any deficiency claims which may
be allowed by said Court IN favor 81 the
holders Of any other bonds or ooliga-
lions IL the defendant Railway Company
secured by mortgage or pledge OF coll
lateral OR OF The trustees Of the mort
cages or trust iu1euture5 given 30 secure
the payment Of such bonds OF obiga-
Registered bonds shall be accompanied
by proper transfers to the Special Master,
and said claims shall he accompanied by
proper assignments thereof 10 the Special
Master. IN lion ot bonds and coupons or
claims. the Special Master may accept
the certificate or certificates Of any
company or banking firm within the
United states q America or any Euro
pcau country. acceptable to the Special
Master that 10 holds subject TO his order.
or subject 10 the order Of the person or
persons, or corporation therein named and
assigned TO his order bonds OF the
amount therein specified, and. II I'm cou-
pom form accompanied by the coupons
therein specified. or claims Of the re-
quired character and OF the amount there
IN specified accompanied by proper ana
appropriate assignments thereof, trans
fcrrlng the same g. the Special Master.
The purchaser viii be credited on ac-
count OF the purchase price Of the prop
orty toy him purchased for all such bond,
and coupons ana for All such allowed
claims so delivered to the Special Master,
iu part payment Of the purchase price.
with such sums would be payable I'm
respect of such bonds. coupons and claims
out OF the proceeds Of the sale or sales
made pursuant to said DEGREES II The
whole amour. OF the purchase price we're
paid in cash.
said Court reserves the right 70 retake
and resell, upon such notice az said Court
ma direct, any property sold TO any
pure ser iu case such purchaser shall
fail ur omit 20 make any payment on &C
count OF the unpaid balance OF the pur-
chase price within twenty days after the
entry OF the order requiring such pay
mcRt.
A purchase will not be required to pay
to the Special Master the amounts pay
sale 10 such purchaser IN respect Of any
OF iirst AMI Refunding Mortgage BoudI
and appurtenaut coupons payable on
September l. 1915. until twenty days
alto said Court shall, on application Of
the holder Of any OF said bonds or cou-
pons, enter is order or decree directing
the payment Of the cash distribuuve
share OF the proceeds Of the sale 10 such
purchaser 20 which such bonds or cou-
pons, In respect Of which such holder
shall make application as Aforesaid. shall
he entitled.
signs shall have paid in cash the dis
trihutiye share Of the proceeds ~ the
sale 10 such purchaser 70 which all such
bonds or coupons shall be entitled. either
directly or 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 upon tho prop
erty sold 20 such purchaser and "yery
part and parcel thereof, Tor the payment
into said Court H. cash OF such unpaid
mart or portion Of the purchase price.
and in case the purchaser. his success
sors or assigns, shall for twenty days
fail 10 comply with the terms OF any
order for such payment made by said
Court then said Court upon the applica-
ton OF the owner Of any such bonds or
coupons, may Jctake ana resell the prop
orty sold to the purchaser. who or whose
SUCCESSORS or assigns shall so have made
default aud az his or their cost and risk.
purchaser shall not be required 20
see TO the Application or the purchase
money, nor he snsUerable In any manner
whatsoever for any loss. misGpplication.
or non-appllcation Of any such purchase
money or Of any part thereof.
o. as provided in Article XNVII OF
said DEGREES, the purchaser OF the prop
ertv described IN Article VII Of said de-
crees and In Article ! Of the descriptive
clauses hereof. as part OF the consider
alton for said properly and as part OF the
purchase price thereof and In addition 20
The sums bid by him and elsewhere In
said DEGREES required to be paid by him.
shall take such property and receive the
deeds or other instruments OF conveyance
and transfer thereof, upon the express
condition that he or hts successors or as
signs shall pay. satisfy and discharge:
(a) Any unpaid compensation which
has been or shall be allowed 20 George
4 Hitchcock. the Special Master. APP
pointed prior to December ~ 1916. in
said consolidated causes, or In the con
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