New-York tribune., 1918-05-21
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE BY
ADVERTISEMENT

WHEREAS, default was made January 1, 1904 In
the payment OF the interest coupons attached tc
bonds secured by mortgage. dated January /
1900. executed by Mountain Lake Electric Railroad
Company to The Trust Company OF New York. al
trustee. and was recorded In Fulton County Clerk
of1ce at Johnstown. New York. January 10Th.
1901. In Book No. 81 of Mortgages. page 46O and
WHEREAS said mortgage executed by said
Railroad Company to said Trust Company as trustee
to secure said bonds, which made by said
Railroad Company. and described in said mortgage,
amounting to $780, 000 with interest thereon at ths
rate OF so per annum from the date OF said bonds,
viz January l. 1900. according to interest coupons
attached thereto. payable each July 1st and January
lst on and after July l. 1900. all Of which bonds
are outstanding and
WHEREAS. under and in accordance with tho
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. 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. duly appointed as successor
trustee and is now scting trustee under said
mortgage. and
WHEREAS. default was made 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 DAY.
ment of all interest coupons attached to said bonds
maturing since January l. 1904. and still continues
after the expiration Of more than six months and
WHEREAS. the undersigned. trustee afore-
said has been duly requested by the holders OF
moro than oncthird In amount of the bonds sec,lred
nv said mortgage and 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 bondhoders. 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, the amount claimed to be dua ,,non
said bonds and said mortgage at the time of the
first publication Of this notice is the sum Of
sl7s5oo. being the sum of 100000 principal
July J. 1908. which said sum Of $173 500 is thu
whole amount claimed to be unpaid on said bonds
and mortgage.
NOW, THEREFORE, notice is hereby given th,,
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
salo Of the premises therein described at publc H.
auction at the front door OF the banking institu.
ton OF the Fulton County National Bank n,
Gloversville. corner OF Fulton and Main streets
In Gloversvie. Fulton County. N. T.. on June ~
1918, st ten O'Clock In the forenoon OF that dav
The said premises are described in said morteae.
Is follows:
All the property franchises and privileges. y, ..,d
Mountain Lake Electric Railroad Company which
1t had January I. 1900, which 1t thereafte,
acquired: including all its railroads constructed or
In process Of construction January l. 1900 NJ,
thereafter constructed on its lines Of rarosd 49,
the intersection Of West State Street and North
Main Street in Gloversville. Fulton County. New
York. To Mountain Lake. In the Town of Johns
town. Fulton County. New York: together
with Ill lands and real estate which said R,,i.
road Company had January l. 1900. Or
which 1t thereafter acquired: all building, or
structures which 1t had January /. 1906 or
which 1t thereafter acquired; all property and
rights appsIt.inins to said railroad the saSipmsns
and operation thereof 70 said real esrs,s. III
super structures. rails switches ties iron bot. ~
spiices all rights Of way; car houses. and othe1
bridges. fences houses. dyn1mos, poss' eec
tric wire and appliances Of every kind and nst,,r.
appeStainng to said road: materials and supplies
for tho construction and equipment OF said rsirosd
and buildings; all cars and every kind OF roiins
stock.
The terms Of sale will be made known 1t tho TINA
Of said sale. and moro particular description Of
the property and properties to be sold viii Be- n ade
known on request At the time OF satd ssle
Dated March l2 1918
GloversvIlle. N. 7.
FRANK 8. SEXTON.