New-York tribune., 1918-05-30
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE 81
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WHEREAS. default was made January !. 1904. in
the payment OF the interest coupons attached to
bonds secured by q mortgage. dated January !.
1900. executed by Mountain Lake Electric Railroad
Company Tie Trust Company of New York. Is
trustee and recorded IN Fulton County Clerks
Office, at Johusiown. New York. January 2sth.
1901. in Book No. 81 OF Mortgages. page 460. aud
WHEREAS said mortgage executed by said
Railroad Company said Trust Company as trustee
TO secure said bonds. which were made by said
Railroad Company. and described in said mortgage
amounting $500 GOO. with interest thereof thu
rate OF 5eo per annum from the date Of said bonds.
viz January l. 1900 according 10 interest coupons
attached thereto payable each July lst aud January
lst and after July J. 1900. ell OF which bonds,
arc outs, anding. and
WHEREAS. under and in accordance with the
provisions OF said mortgage said Trust Company. a.
trustee. resigned and The North America Trust
Company. subsequently known as Tlm Equitable
Trust Company cot New YORK was duly appointed
Us successor trustee and
WHEREAS. under and in accordance With the
provisions of said mortgage said The Eauitsbis
Trust Company Of New York resigned trustee,
and the undersigned Frank s. Sexton. OF Giovets.
Vile. New York, duly appointed as successor
trustee and IS acting as trustee under said
mortgage. and
WHEREAS default was made on the lst dsy NJ
January leo4. In the payment OF the interest
coupons aforesaid becoming due and payable on
that day and
WHEREAS default has BEEN made Ia she nav
maturing January ]. 1904. and still continues
after tho expiration OF more than six months. and
WHEREAS. the undersigned trustee afore.
said, has been duly requested BY the holders OF
more than onethird In amount OF the bonds secured
~ said mortgage and now outstanding. TO declare
said entire principal sum duo and payable In
sccordsnce with the provisions Of said mortgage and
WHEREAS, the undersigned. A. trustees afor...td
has in accordance with and by virtue OF said -
quest Of said bondholders. and in accordancs v4fh
the provisions Of said bonds end said mostsse,.
declared and does now declare said entire princ;osi
sum to be due and payable. and
WHEREAS. the amount claimed to DO due ,,ror
said bonds and said mortgage at the time ~ ~.
erst publication OF this notice is the sum ~
s17350O being the OF $780, 900 nyirc..s,
s,d the sum Of STS.J00 interest thereon 49,
1rlv / 1909. which said Of sl7350e 4. an
whole anoant claimed to be unpaid on said bonds
and mortgage
NOW. THEREFoRE. notice is hereby s,,.r 49,.
BY virtue Of the power Of sails containsa -
said rnertgass and duly recorded as Aforesaid .ra
In pursuance Of the statute IN such csse made snS
provided, the said mortgase will be foYecioseS 81
sale Of the premises therein described af r,sn,t ~
auction At the front door OF the banking institss
ton of the Fulton County National Rant -
Gloversyille. corner OF Fulton and Main Ety..ss
IN GIorersyille. Fulton County. " T.. on Jun. ss
1915 at ten O'Clock in the forenoon OF that dsv
The said premises are described In said uortxs..
Is follows
All the property. frsnchscs and prfytls<es - $40
Mountain Lake Electric Railroad Company vn,ss
IL had January /, 1900. which Il the,s.sss.
acquired: Mcluolu& al i0 faufoadS conktrt1rfaA
IN process Of construction January /. 1900 ~
thereafter constructed On its lines Of railroad nom
tho intersection Of West State Street and Norsn
Main Street In Gioversvie. Fulton County. Ssss
York. to Mountain Lake. In tho Town Of Johr..
town. Fulton County. New York: ,ors.rs.
with all lands and real estate which said nss,'
read Company had January !. 1900 :,
which Il thereafter acquired all building. :.
structures which It had January !. 1900 !.
which It thereafter tcquirod: ali praner,, e
rights spDsssanins to said railroad saSpnsnss
super structures, rails switchss ties iron bost. a..
splices: all rights OF yay car houses ana rtso 10
buildings: all fixtures. nschner- tools lmns.-r.ss
bridges fences. houses. dynsuos pofss ~
tric wire and appliances Of every kind snd nsssss~
sppestaining 70 said road: materials snd s,nsts
for the construction and equipment Of said rsilsos1
and buildings ell cars and every kind Of r<i,ssee
stock '~SA>S
rhs terms OF sale vii! bs made known a ths 49,.
OF said sale and particular descr,rSics u
Tie property and properties to be sold viii g 49,
known on rsaueSs a. the tina Of said sale
Dated. March IL. 1913
Gloversvtiie. y. Y.
FRANK g. sExrox.
Tr0sfeA