New-York tribune., 1918-05-02
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE BY
ADVERTISEMENT.

NOTICE OF SALE ON FORECLOSURE BY
ADVERTISEMENT.
WHEREAS default was made January l. 1904 in
the payment OF the interest coupons attached 10
bonds secured by mortgage, dated January j.
1900 executed by Mountain Lake Electric Railroad
Company to The Trust Company Of New York.
trustee and recorded in Fulton County Clerks
Office at Johnstown. New York. January 29th
1901 In Book No. 81 Of Mortgages. page 460. and
WHEREAS. said mortgage was executed by said
Railroad Company to said Trust Company trustee
to secure said bonds. which were made by said
Railroad Company. and described in said mortgage.
amounting to 500. .000 with interest thereon the
rate Of SEQ per annum from the date Of said bonds
viz January l. 1900. according to interest coupons
attached thereto payable each July lst and January
lst and after July l, 1900. all OF which bonds
are outstanding and
WHEREAS under and in accordance with the
provisions OF said mortgage said Trust Company. as
trustee resigned and The North America Trust
Company subsequently known The Equitable
Trust Company OF New York. duly appointed
as successor trustee. and
WHEREAS, under and in accordance with tho
provisions of said mortgage said Tho Equitable
Trust Company OF New York resigned as trustee,
and the undersigned Frank s. Sexton. Of Govers-
Vile. New York. was duly appointed as successor
trustee, and is now acting trustee under said
mortgage and
WHEREAS. default made on the LIST day Of
January. 1904. in the payment Of the interest
coupons aforesaid becoming que ana payable on
that day. and
WHEREAS, default has been made in the pay
ment OF all interest coupons attached to said bonds
maturing since January !. 1904. and still continues
after the expiration of moro than six months. and
| WHEREAS the undersigned. as trustee afore-
said. has been duly requested by the holders Of
more than third in amount OF the bonds secured
by said mortgage and now outstanding. to declare
said entire principal sum due and payable in
accordance with the provisions Of said mortgage and
| WHEREAS the undersigned. as trustee aforesaid,
has In accordance with and by virtue of said re-
quest OF said bondholders and In accordance with
the provisions of said bonds and said mortgage.
declared and does declare said entire principal
cum to be due and payable. and
WHEREAS, the amount claimed to be due upon
said bonds and said mortgage at the time OF the
nrst publication Of this notice Is the sum of
Sl73,500. being the OF 500. 900 principal
and the Of s73.5o0 interest thereon from
July /. 1903 which said sum Of s173.5oo is the
whole amount clalineo 10 Do unpaid on said bonds
and mortgage.
NOW. THEREFORE. notice is hereby given that
by virtue of the power Of sale contained in
said mortgage and duly recorded az aforesaid and
in pursuance OF the statute In such case made and
provided the said mortgage VIII be foreclosed by
sale of the premises therein described public
ton Of the Fulton County National Bank of
, Cloycrsyille corner Of Fulton and Main Straets
1918. at ten O'Clock in the forenoon Of that day
The said premises are described in said mortgage
as follows
All tho property. franchises and privileges q, s.td
| Mountain Lake Electric Railroad Company wh,rh
| g had January l.. 1000. which IL theres
acoired Including all its railroads constructed or
! In process OF construction January l. 1900, or
thereafter constructed on ts lines OF railroad from
tho intersection OF West State Street and North
| Main Stree, in Gloversville, Fulton County. New
York to Mountain Lake. in the Town OF Johns
town. Fulton County New York: together
/ with all lands and real estate which said Rail
road Company had January l. 1900 or
| which 1t thereafter acquired: Ell buildings or
structures which It had January l. 1900. or
| which 1t thereafter acquired: all property and
rights appcrtanng to said railroad the equipment
and operation thereof or to SAID "a real estate; ali
spi!ces: all rights OF way. car houses. and other
iridcss fences, power houses. dynamos. poles eec-
iric wire and Appliances Of every kind and nature
fnr the construction and equipment OF said railroad
and buildings all ears and every kind OF rolling
Btock.
Tho terms Of sale will be made known at the tina
Of said sale. and more partculs, description Of
| known on request At the time OF said SALE
| Dated March IL, 1918,
FRANK s. SEXTON.