New-York tribune., 1918-05-07
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE BY
ADVERTISEMENT

WHEREAS. default was made January /. 1904 in
the payment OF the interest coupons attached ia
bonds secured by mortgage. dated January l.
1900 executed by Mountain Lake Electric Railroad
Company to The Trust Company of New York AZ
trustee. and recorded In Fulton County Clerk
Office at Johnstown, New York. January 29th
1901. in Book No. 81 of Mortgages. page AGO. and
WHEREAS. said mortgage executed by said
Railroad Company to said Trust Company as trustee
to said bonds. which were made by said
Railroad Company, and described in said MORTGAGE
amounting to 500 900, with interest thereon at tht
rate of $50 per annum from the date of said bonds
viz: January J. 1900. according to interest coupons
attached thereto payable each July 1s and Januar,
LIST On and after July l, 1900. all Of which bond.
outstanding, and
WHEREAS, under and in accordance with tht
provisions of said mortgage said Trust Company, a,
trustee, resigned and The North America ,rr,s
Company. subsequently known as The Equitable
Trust Company Of New York. 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-
ville New York. was duly appointed as successor
trustee. and Is now acting as trustee under said
mortgage. and
WHEREAS, default was made on the LIST day n
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 DIV
ment Of all interest coupons attached to said bonds
maturing since January |. 1904, and still continues
after the expiration of more than six months. and
WHEREAS. the undersigned as trustee afore-
said. has been duly requested by the holders of
more 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 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
loulo cnfxl
sum to be due and payable and
WHEREAS. the amount claimed to be due upon
said bonds and said mortgage at the time OF tha
first publication Of this notice is the s,m NJ
and the sum of $73.500 interest thereon fror,
July l. 1908. which said sum Of $l735OO 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
provided tho said mortgage will be foreclosed bv
a sale OF the premises therein described at public
auction at the front door Of the banking insttu-
tion OF the Fulton County National RAM, -,
Gloversville, OF Fulton and Main streets
in Gloversville. Fulton County. ~ Y, on June ID
1918 at ten o'clock in ths forenoon Of that day.
The said premises are described in said mortea o..
as follows:
Mountain Lake Electric Railroad Company which
1t had January l. 1900. which it thereafter
acquired including all Its railroads constructed mr.
in process Of construction January l. lam ~
thereafter constructed on Its lines OF railroad from
the intersection Of West State Street and North
Main Street In Gloversvlle. Fulton County. Ne,y
York. to Mountain Lake. in the Town of Johns
town. Fulton County. Now York: tosethe,
with all lands and real estate which said Rail.
road Company had January /, 1900 ~
which 1t thereafter acquired: all buildinrs or
structures which it had January l. 1900. or
which the5eafet =, seauired all property and
and operation thereof TO said real estate: All
super structures rails. switches ties iron bolts and
spicss; all rights Of way car houses and other
bridges. fences. power houses. dynamos poles alec
tric wire and appliances Of every KIND and nature
appertaining to said road; materials and supnIies
for the construction and equipment OF said railroad
and buildings; all cars and every kind Of rollins
stock
The terms OF sale will be made known at the time
Of said SALE and a more particular description NJ
the property and properties to be sold will Be- mada
known on request at the time Of said sale
Dated. March IL. 1918.
Gloversville. N. Y.
FRANK s. SEXTON.
Trustee