New-York tribune., 1918-04-30
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE
AnVERruS nrNfLNyr

NOTICE OF SALE ON FORECLOSURE By
ADVERTISEMENT.
WHEREAS. default was made January l. 1904 ii
the payment Of the interest coupons attached t.
bonds secured by mortgage. dated January l
1900. executed by Mountain Lake Electric Railroad
Company to The Trust Company of New York. a
trustee. and recorded in Fulton County Clerk
office. at Johnstown. Now York. January Goth
1901. in Book No. 81 OF Mortgages page 400, and
WHEREAS, said mortgage was executed by sait
Railroad Company to said Trust Company truste,
TO secure said bonds which were made by sale
Railroad Company. and described in said mortgage
amounting to 500. 000 with interest thereon at h,
rate of $50 per annum from the date of said bonds
VIZ: January l, 1900. according to interest coupons
attached thereto. payable each July ls and January
lst on and after July l. 1900 all OF which bonds
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 as The Equitable
Trust Company Of Now York. was duly appointed
as successor trustee. and
WHEREAS. under and In accordance with the
provisions of said mortgage said The Equitable
Trust Company Of New York resigned as trustee
and the undersigned Frank S. Sexton. of Gloyers-
Vile. New York, was duly appointed successor
trustee. and is now acting as trustee under said
mortgage and
WHEREAS. default was made ON the lst day Of
January. 1904 In the payment OF the interest
coupons aforesaid becoming due and payable on
that day. and
WHEREAS. default has been made in the pay
meut of all interest coupons attached to said bonda
maturing since January l. 1904. and still continues
after the expiration of more than six months. and
WHEREAS. tho undersigned. trustee afore-
said. has been duly requested by tho holders Of
than one-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 tho provisions Of SD mortgage and
WHEREAS. tho undersigned, as trustee aforesaid
has in accordance with and by virtue Of said re-
quest Of said bondhoders and In accordance with
the provisions OF said bonds and said mortgage
declared and does now declare said entire principal
to be duo and payable and
WHEREAS. the amount claimed to be due upon
said bonds and said mortgage at tho time of tho
first publication Of this notice Is the sum Of
sl735OO. being the sum of 800 900 principal
und tho sum of S73,50O interest thereon from
July /. 1903, which said Of sl735OO is the
whole amount claimed to be 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 as aforesaid and
In pursuance of the statute in such case made and
provided, the said mortgage will be foreclosed by
a sale OF the premises therein described at public
auction at the front door OF the banking institu
ton Of tho Fulton County National Bank Of
Gloversyillc corner OF Fulton and Main Streets
In Gloversyille, Fulton County n " ON Juno 10
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 y, said
Mountain Lake Electric Eailroad Company which
1T had January /. 1900. or which it thereafter
acquired: including all its railroads constructed or
in process OF construction January l. 1900 or
thereafter constructed on its lines of railroad from
the intersection Of West State Street and North
Main Street in Gloversv.lle. Fulton County. New
York. to Mountain Lake in tho Town of Johns
town. Fulton County Now York; ogether
with all lands and real estate which said Ra,
road Company had January l. 1900. or
which 1t thereafter acquired; all buildings or
structures which it had January l. 1900, or
whth it thereafter auired all property and
risats apperlarihg TO SAIL railroad the equipment
super structures rails switches ties iron bolts and
spices; all rights of way car houses, and Other
buildings all fixtures. machinery tools. implements
bridges fences power houses. dynamos, poles eiec.
trc wire ,a and apnances Of every kind nature
for the construction and equipment OF said railroad
and buildings all and every kind of roiiina
stock. "
The terms OF sale viii be made known at the time
OF said sale. and more particular description of
the property and properties to be sold win be- naSa
known on request at the time of suid sale ~
Dated March H. 1918.
GloverSvllle. N. Y.
FRANK s. SEXTON
Trustee