New-York tribune., 1918-05-28
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE By
ADVERTISEMENT

WHEREAS, default made January l. 1904. In
tho payment OF tho 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, at Johnstown. New York. January 29th.
1901 in Book No. 81 of Mortgages. page AGO. 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 100000 with interest thereon at the
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 oil Of which bonds
outs anding 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 New York. was duly appointed
trustee. and
WHEREAS, under and in accordance with the
provisions of said mortgage said The Equitable
Trust Company of New York resigned trustee.
and the undersigned Frank S. Sexton, OF Gloyers-
ville New York. was duly appointed as successor
trustee and IS 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 tho pay
ment OF all interest coupons attached to said bonds
after the expiration of moro 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
y 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. US ustee aforesaid.
hos IN accordance with and by virtue of said re.
oucst OF said bondholders. and in accordance With
the provisions of said bonds and said mortgage
declared and does now declare said entire principal
sum to be due and payable. and
WHEREAS, tho amount claimed to be due upon
sad bonds and said mortgage at the time of the
frst publication Of this notice is the sum of
sl73.5o0 being the Of 100000 PRINCIPAL
and the sum OF s73.500 interest thereon from
July l. 1902 which said sum Of sl73 500 is the
whole amolnt claimed to be unpaid on, said bonds
end mortgage.
NOW. THEREF ORE. notice IS hereby given tina.
hv virtue of the power OF sale contained in
said mortgage and duly recorded as aforesaid md
in pursuance OF tho 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 irsttu-
tion OF the Fulton County National Bank OF
Clovcrsyile corner OF Fulton and Main Stteets
u Cloversville, Fulton County. N Y on June ~
1918. at ten o'clock in this forenoon of that day
The said premises are described in said mortgage
as follows
All tho property. franchises and privileges Of said
Mountain Lake Electric Railroad Company which
It had January l. 1900 or which it thereafte,
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 ard North
Main Street in Gloversville. Fulton County. New
York to Mountain Lake. in the Town of Johns.
town Fulton County. New York; tocethe,
with all lands and real estate which said Rail-
road Company had January /. 1900 or
which it thereafter acquired; all buildings or
structures which 1t had January l. 1900. or
which it thereafter s:qured; all property and
rights appertanng to said railroad the equi pment
and operation thereof or 30 said real estate: ali
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 housss dynamos poles. cleo.
tric wire and Appliances OF every kind and nature
for the construction and equipment Of said railroad
and buildings: all cars and every kind of rolling
stock
The terms OF sale will be made known at the time
Of said SALE and q more particular description Of
property and properties be sold will be m ade
known request at the time Of said SALE
Dated. March IL. 1918.
Gloversye. N Y.
FRANK 8. SEXTON.
Trrot