New-York tribune., 1918-05-09
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE by
ADVERTISEMENT.

|
| WHEREAS. default made January 1. 1904, In
| the payment OF the interest coupons attached to
| bonds secured by mortgage dated January l.
| 1900 executed by Mountain Lake Electric Railroad
Company TO The Trust Company OF New York. as
trustee. and recorded in Fulton County Clerks
office. Johnstown New York. January 29th,
1901. in Book No 81 OF Mortgages. page 4sO. and
! WHEREAS said mortgage executed by said
Railroad Company to said Trust Company as tr,s,ec
to secure said bonds. which made by said
Railroad Company. and described In said mortgage
amounting 100000. with interest thereon at tho
rate Of 5Go anrun from the date of esid bonds,
viz: January l. 1900 according to interest coupons
attached thereto payable each July lst January
lst on and after July !. 1900. all of which bonds
are outstanding. and
WHEREAS. under and !n accordance with tho
provisions of said mortgage said Trust Compen, "a
trustee. resigned and The North America Trust
Company. subsequently, known as The Equitable
Trust Company OF New York. was duly appointed
ss successor trustee. and
WHEREAS under and in Accordance with the
provisions Of said mortgage said The Equitsbis
Trust Company Of New York resigned as trustee
and the undersigned Frank s. Sexton OF Gloyers-
Vile New York. duly appointed as successor
trustee and is now acting as trustee under said
mortgage. and
WHEREAS. default was made on the LIST day Of
January, 1904 In the payment Of tho interest
coupons aforesaid becoming duo and payable on
that day and
ment OF all interest coupons attached to said bonds
maturing since January /. 1904. and stl continues
after the expiration OF than six months and
WHEREAS. the undersigned. trustee asore-
satd has been duly requested by the hoIderu ~
more than third in amount Of tho bonds secured
by said mortgage and nov outstanding. TO declare
said entire principal sum due and payable In
accordance with the provisons Of said Ynortaare ana
WHEREAS. the undersigned. as Trustee aforesatd
has In accordance With and by virtue OF said re-
guest Of said bondholdcrs, and in accordance wft,
the provisions OF said bonds and said mortgage
declared and does now declare said entire principal
sum 70 be duo and payable, and
WHEREAS. the amount claimed to be due upon
sad bonds and said mortgage at the time az ~.
first publication Of this notice Ii the rnrn ~
sI735oo, being the sum of 100000 princ4psi
snd the sum o. s7s.seo interest thereon from
July l. 1903 which said sum Of sl73 200 ts ths
whole amount claimed 70 be unpaid on said bonds
and mortgsse
NOW. THEREFORE,, notice IS hereby stvsu TIA.
by virtue Of the power Of sale confirmed ~
said mortgage and duly recorded as aforessiS ana
In pursuance Of tho statute IN such Gaze rnss srC
provided. the said mortgage viii be forecIosed by
auction st the front door OF the banking ,nstit,
ton OF the Fulton County National Bank ~
Glose-svills. corner of Fulton and Main Streets.
IN Gloyersville. Fulton County. ". T.. on June IA
1918. at ten O'Clock in the forenoon Of that dsy
Tho said premises sre described in said mortaas.
as follows;
Mountain Lake Electric Railroad cornpsny vhtsA
It had January !. 1900. OF which II thsrr.s,s,
acquired including all its railroads consts,,csAs :.
In process Of construction January 1. 1890. or
the intersection Of West State Street and Nost,
Main Street in Giovcrsville Fulton County. Me-
York to Mountain Laks. IN the Town Of Jotas,
town. Fulton County. Now YoH. toes<hsr
with all iAnds and rssl estate which sstd Rssl.
road Company had January l. 1900. ~
which It thereafter acquired: ali buiidanss a.
structures which It had January !. 1880. a
which It thereafter scyuirsd: ali pfoper+v .ns
rights spportainns TO said railroad or is saespsnt
and optrstion thereof os 70 said reai estate: al
spliscs; al rsshts q way. car housss ana osh1 1
bui,oinn; ~ nxtareA mAchinesy. tools implAmssfs
TIE wtss @ snd sppaisncss cs sssry knd and nature
for tho construction and sauipscant ef sst6 rsi,s3
snd buildings: al cars aud every lind az ,ui,ios
stock. -s"s
The terms os sale VIII be made known n tne ssr-~
y said sale ard more pArsculax dssnrtp1ioc a
yhe pop~sy and properties 10 Be hold VIII - rsl~
known % rsqusss at the time Of eAid saie "
Uktsd. AtArch IL lns2.
GsosesustnA. n. r.
FRANK B. zxxruN.
xfaslsps (