New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

3............ 5000 $500 Loo9 100
s. iS@S i isSoS i@ ZOO
TO { dnci. 1900 1900 800 go
; and g.. 1000 1900 ZOO a@
I.....,...... AVN" 49,
single deposit q one hundred hfty thou;
sand dollars $50 ooO In cash or certhea
check as Aforesaid OF two hundred t.olsanl
dollars $50 co., principal amount OF oonds
as aforesaii shall qualify the teposltor 20
bii upon any and all Of the Aforesaid par
GELS a. property.
T. The certificate Of any trust company IN
the CITY OF New York that II holds bonds
and sI1urtenaut coupons nj therein de-
scrlhed subject % the order OF e PARTY
named and transferred 20 the Special Master.
may be received By him and accepted IN
lieu OF bonds as "A deposit al the time or
sale and on account OF the payment OF tho
purchase price bid with Ike force and effect
as though the bonds therein named had Ieen
delivered 20 him.
3. OF the price Tor which said respective
properties and premises shall be sold, there
shall be paid az the time OF sale the de-
posit or deposits IN each or bonds herein
before required. which shall be received as
a part OF the purchase price. and also at
the same time. and from time 10 time there
after. such portions q said purchase priess
OF said respective properties shall DC psio
in cash as the court may direct
G. The right Is reserved By the tour, ~
resell said premises and property or any
parcel thereof upon the failure OF any pur-
chaser after confirmation OF the sale, Tor
twenty days 10 comply with any order OK
the court requiring payment. and all sums
deposited by such purchaser whether IN cash
OF hy check or represented BY BONDS secured
by said Purchase Money Mortgage. shall oe
forfeited az a penalty for such failure and
shall be applied 70 the payment Of the ex.
penses Of resale and towards making good
any deficiency or loss in case such property
shall be sold AZ less price on any such
3 resale and for any other purposes IS the
| court may direct
T. II the court does not CONFIRM tho sale
the deposits made ~ the accepted bidder or
bidders will be forthwith returned.
/ s. Any deposit OF cash or bonds made by
any unsuccessful bidder will BE- returned to
. him by the Special Master upon acceptance"
By said Special Master or bid Tor the
parcel or parcels with respect to which such
deposit was made.
2. on confirmation OF the sale BY the court
he balance OF the purchase price Of any
parcel or parcels not required TO be paid IN
cash may be paid In cash or the purchaser
may satisfy and make good the balance o,
his bid IN whole or IN part by turning over
10 the Special Master. % be Cancelled, or
credited. bonds Issued under and secured ~
said Purchase Money Mortgage. with coupons
maturing February l. 1915. and all subse-
quent coupons attached.
10. The purchase shall be credited on ac-
count OF the purchase price, for bonds issuei
under and secured by said Purchase Money
over In part payment OF the purchase price.
. such sum as would have been paid In cash
upon such bonds and coupons out ~ tho pro-
ceeds OF sale II the whole amount OF th'
purchase price had been paid In cash.
H. The purchaser OF any parcel or parcels.
as part Of the consideration for the parcel
, . or parcels acquired and as part OF the p1r-
chase price thereof and In addition 20 no
same bid By him. shall to the extent OF tns
property acquired pay satisfy and dis
charge. subject TO ALLEGATION by the court a,
in said decree provided. with respec, to ths
parcel or parcels acquired any unpaid 10
dehtedness and liabilities Incurred IN tns
management and operation " the mortgagel
, property by Theodore c. Keller. as Receiver
road Company. or his predecessors In once.
which shall not be paid out % the income
and earnings OF the mortgaged property OF
OUT ot the proceeds OF sale as herein o.
, I rected. and such purchaser shall also pay
! satisfy and discharge. 20 the extent and
. subject as aforesaid. any and all GAINS o
/ demands which the court shall hnally deter
mine and adjudge 20 te prior 10 ne Yer o.
! said Purchase Money Mortgage, which Ike
: Wise shall not be paid out OF the income
and earnings OF the mortgaged properly :"
out Of the proceeds OF safe
1 II Such purchaser or purchasers or his o
their approved assigns shall have tho righ
TO elect within six months after tho con
. hrmatiOn OF the sale whether or HOT
\ assume and adopt or disainrm any conusc
e or agreement made or assumed BY the de
r fsndant Railroad Company on or prior q
y Man q. 1918. In respect TO the properile
sold.
4! i3 Such purchaser or purchasers or his 0
! their approved assigns shall likewise tax
The property purchased upon the further *
press condition that such purchaser or puI
, chasers or his or their approved assign
shall assume and be bound by all contrast
: and leases made BY the receivers with IN
authority Of the court. the court reserNinl
= fun Jurisdiction 10 allocate such contract
2 and leases 10 particular parcels.
, II. said decree further provides that upo
confirmation OF the sales thereby ordered an
: payment OF the purchase price hy the pUr
chaser or purchasers. tho Special Master shal
. execute and deliver TO the purchaser or pur
, chssers OF the personal property therein al
rected 20 be sold proper deed or deeds, oil
or bills OF sale or other instruments of trans
fer OF the personal property 80 sold. an
20 the purchaser or purchasers Of such o
said property as r. subject 20 redemption
) a certificate rocitlng that the purchaser o
purchasers will be entitled 20 receive
masters deed or deeds 20 the property =
purchased at the expiration OF the statutor
period OF redemption allowed hy the laws o
the state Of Illinois or the State OF IniisRs
as the case may be. in the absence of an
redemption, and In that event the Specia
Master shall execute and deliver proper as
signments. deeds or other Instruments o
conveyance and transfer thereof TO the pur
ensser or purchasers Of said property o
pSny shall at the time OF the execution b,
said Special Master Of sait deed or deeds
Z nv OF uitio OF sale or other instrument o
instruments or conveyance and transfer, a
a further assurance 10 tho purchaser or pu-
chaseTs. execute It's deed or deeds bill o
E pllls OF sale or instrument or tnstrumsnf
81 conveyance and transfer, or ,oln with ,al,
. Special Master IN the execution thereof an.
shall Thereby convey and release to the pur
chaser or purchasers, or his or their sue
cessors or assigns all Its right title an,
interest In and 10 the property assigned
conveyed and transferred by said spscia
/ Master The complainant Central Trus
Company OF New York as Trustee unfe
I said Purchase Money Mortgage dated FEB
rusry !. 1912. hereby foTeciored. shall like
wise convey and release TO said purcha SET
or purchasers. or his or their successors OF
assigns. all ihs right. title and Interest
acquired hy said Central Trust Company IN
and TO the property conveyed aud released
20 said Central Trust Company ~ said
. Purchase Money Mortgage dated February l.
1912 said Theodore &. Keller a. Receives
sufficient deed or deeds or other instrumen,
or Instruments % conveyance and transfer
assigning Transferring and conveying q
such purchaser or purchasers ard his oI
their SUCCESSORS or assigns. oil his right
title and Interest as such Receiver o. n
and 70 any property vested or standing IN
his name or which he or his predecessors
have acquired during the paadency OF ssid
suit and which shall have ceen. sold pur'
suant 20 said decree.
IS BY said decree said court reserves scr
further adjudication all questions no, thsTe-
by disposed Of.
For further particulars. reference 10 hereby
reports and statements filed and 10 Be aist
by said Receiver In pursuance 81 the pro-
. visions % said decree. and 20 the proceed
mss In S4it cause on Gle Ia the once OK
the CLERK of tho court
] Dated. Chicago Illinois. Scv.mssr "a 1911.