New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-15
Real Rstate-Per.onsl Property.

l............... $4,000 So. 900 $1,000 E,on
,''''''.'''''''' 49, 100 . -, r." ;SD
t.............. 5000 5000 1000 1eo
s.............. 10000 1900 100. 1000
s............... 10000 1900 1000 100
s to cneo.. i: Soc i. sSS &C.. sSS SEQ ssS
1...........s..s WV H'''
A single deposit OF one hundred nifty
thousand dollars (si5OoOo) In cash or. cer-
tined check as aforesaid or Two hgndrsd
,no osaI ., sS 0is sh. qaay
the deposltor to bid upon any and all OF
the Aforesaid parcels Of property.
4. The certificate Of any trust company
bonds and appurtensnt coupons as therein
described. subject to the order OF the party
named and transferred TO the speciAl Ma
ter may be received by him and accspted
Of sale ana on account Of tn. payment of
the purchase price bid with ike force
and effect as though the bonds tn'rein
named had been delivered to him.
5. OF the price for which said respective
properties and premises shall be sold, there
shall be paid az the time Of sale tho de-
post or deposits In cash or bonds herein
before required. which shall be received a,
a part OF the purchase price, ana also at
the same time, and from time TO time
thereafter. such portions Of said purchase
price Of said respective properties shall be
paid In cash as the court may direct
8. The right IS reserved ny the court 70
resell said premises and properly or any
parcel thereof upon the failure OF any pur-
chaser, after confirmation Of the sale, for
twenty days 20 comply with any order OF
the court requiring payment. and al sums
deposited by such purchaser. whether IN
eash or By check or represented BY bonds
secured By said Purchase Money Mortgage,
shall be forfeited as penalty for such
failure and shall be applied 70 the pay,
ment Of the expenses OF resale ana
towards making good any deficiency or loss
In case such property shall be sold ~
less price on any such resale and 'or any
other purposes as he court may direct. .
:. II the court does not confirm the sale
the deposits made by the accepted bidder
or bidders will be forthwith returned
o Any deposit Of cash or bonds maze b.
any unsuccessful bidder viii be returned
20 him By the Specisi Master upon &C
oeptance by said Special Master OF bd
for the parcel or parcels with respect 70
which such deposit was made.
g. on confirmation OF the sale b. the
court the balance OF the purchase price -
any parcel or parcels NOT required 70 be
paid In cash may be paid In cash or the
purchaser may satisfy and make Eooj the
balance OF his bid I'm whole or IN part by
turning over TO the Special Master, 70 os
Cancelled or credited. bonds Issued under
and secured by said Purchase Money Mort
gage, with coupons maturing February J
1915. and all subsequent coupons attscheh
10 The purchaser shall be CREDITED 90
account OF the purchase price, for bonds
issued under and secured By said PURCHASE
Money Mortgage and appurtenant coupons
turned over In part payment OF tbs pur-
chase price. such sum as would have been
paid In cash upon such bonds and coupons
out o. the proceeds 81 sale u the whole
amount Of the purchase price had been
paid In cash.
H. The purchaser OF any parcel or par
Gels as part Of the Consideration for The
parcel or parcels acquired and as part ot
the purchase price thereof and In ADDITION
to the sums bid by him. shall 20 the extent
OF the property acquired pay. satisfy and
discharge. subject 20 ALLEGATION oy ths
court as in said decree provided, Win re-
spect 20 the parcel or parcels acquired, any
unpaid Indebtedness and liabilities incurred
IN the management and operation OF me
mortgaged properly BY Theodore Z. heltsr,
as Receiver OF the Coal Properties OF tho
defendant Railroad Company Or Ms prtd-
ecessors In office, which shall not be PAID
out OF the income and earnings OF tas
mortgaged property or out or the proceeds
OF sale as herein directed. and such puf-
chaser shall also pay. satisfy and ds.
charge. 20 the extent and subject a. afore-
said, any and all claims or demands which
the court shall finally determine ana ao-
1udgs 20 be prior 90 the lien Of said Pgr-
chase Money Mortgage. which Ake"iss
shall not be paid out Of the income .he
earnings Of the nlortgaged property or 0ut
OF the proceeds OF sale. -
or their approved assigns shs have ths
rlsht 10 elect within SIX months after the
confirmation Of the sale whether or not 10
assume and adopt or disanirm any con-
tract or agreement made or assumed "
the defendant Railroad Company on or
prior 70 May q, 1913. IN respect 10 the
properties sold.
u. such purchaser or purchasers or has
or their approved assigns shall likewise
take the property purchased upon the tuI-
ther express condition that s1cn purchaser
or purchasers or his or their approved as
signs shall assume and be hound ~ ~
contracts and leases made BY the rseeiYers
with The authority 81 the court the court
reservlnE full jurisdiction 20 allocate such
contracts and leases 70 particular ysrees
Il, said decree further provides that
upon confirmation .. the sales merely Or
dered and payment Of the purchase Price
by the purchaser or purchasers, the special
Master shall execute and deliver % me
purchaser or purchasers 81 the personal
property therein directed 20 be sold proper
deed or deeds. bill or bills OF sale or other
Instruments OF transfer OF the persona
property so sold, and TO the purchaser or
purchasers OF such OF saia p.opery a.
subject 20 redemption. a certificate recitlng
that the purchaser or purchasers WI %
entitled 20 receive a masters deed or desds
20 the property so purchssed az the eS
plratlon OF the statutory period OF redemp-
lion allowed BY the laws OF the state %
Illinois or the state OF Indiana. as the case
may be. In the absence q any redemption.
and IN that event the Special Master shan
execute and deliver proper assignments,
deeds. or other instruments OF conNsSance
and transfer thereof TO the purchaser or
The defendant Railroad Company shall AZ
the time OF the execution ~ sad SpeciAl
Master OF said deed or deeds. bill or bills
OF sale or other instrument or instruments
OF conveyance and transfer q further
Assurance 70 the purchaser or purchasers.
execute lts deed or deeds. bll or bills OF
sale or instrument or Instruments % con.
veyance and transfer. or Join with said
Special Master IA the execution thereof.
and shat! thereby convey and release 70 me
purchaser o. purchasers. or Als OF thelr
successors or assigns az Us nght. we
and Interest IN and 10 the properly "a.
signed. conveyed and Transferred BY sad
Special Master The complainant, Central
Trust Company OF New York. as Trustee
dated February I. 1912. hereby forecloset:
shall likewise convey and release 20 SAID
purchaser or purchaser. or his or their
successors or assigns. all the right, Ute
and interest acquired BY said Central Trust
Company In and 20 the property conveyed
and released 10 said Central Trust Com
pany b. sald pgres::' s Money Mer,sass
Keller as Receiver shall make and deliver
as such Receiver a sufficient deed or deeds
or other instrument or Instruments OF con-
veyance and transfer, assigning. trans
,errins and conveying to such purchaser or
purchasers and his or their successors or
assigns. all his right. tile and Interest as
such Receiver Of In and 10 any properly
vested or standing IN his name or which
he or his predecessors have acquired dur
ing the tendency Of said suit and which
shall have been sold pursuant 70 said
decree.
Is BY said decree said court reserves
for further adjudication all questions not
thereby disposed Of
For further particulars, reference Is
hereby made n sald decree as amended
and 20 the reports and statements Med aud
20 be nied by siid Receiver IN pursuance OF
the provisions OF said decree. and 60 the
proceedings in said cause on ale In the Of
nee Of the Clerk OF Sid Court.
Dated Chicago. Illinois. November 10.
1911.
HERBERT A. LUNpAHf.
Special Matter