New-York tribune., 1918-05-16
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE BY
ADVERTISEMENT

NOTICE OF SALE ON FORECLOSURE By
ADVERTISEMENT
WHEREAS. default Was made January l. 1904 IN
the payment of the interest coupons attached 20
bonds secured by mortgage. dated January l.
1900. executed by Mountain Lake Electric Railroad
Company to The Trust Company OF New York. =.
trustee. and recorded In Fulton County Clerk
Office at Johnsown. New York, January a9tb
1901. III Beck No 81 OF Mortgages page 4se ,nc
WHEREAS. said mortgage was executed by aatd
Railroad Company TO said Trust Company a. trustee
TO secure said bonds. which were made by said
Railroad Company and described In said trorts.,e
amounting 10 100000. with iuteres, thereon a, tha
rate of SCI snnum frem the date of said bonds
viz January /. 1900. according interest cou,on,
attached thereto. payable each July lst and January
ist on and after July !. 1900 ail of which bonds
outstanding and
WHEREAS. under and in accordance with .h.
provisions uf said mortgage said Trust Compsay "A
trustee. resigned and The North America Trust
Company subsequently, known Tho Equitable
Trust Company of New York, was duly appoJ,ted
successor trustee, and
WHEREAS. under and in accordance with In.
provisions of said mortgage said Tho Eauitsb,s
Trust Company of New York resigned as frusfe.
and the undersigned Frank S. Sexton of Gloy,rs-
vile. New York. WAS duly appointed as sucocssor
trustee. and is now acting trustee under said
WHEREAS. default was made on the ist dsy n,
January. 1904. In the payment of the interest
coupons aforesaid becoming due and payable on
that day. and
OF all interest coupons attached to said bond.
maturing since January l. 1904 and still continue,
after the expiration of more than six months. and
WHEREAS. the undersigned, as trustee afon.
said has been duly requested by the holders =,
more than onetlird in amount Of the bonds se,,red
by said mortgage and now outstanding 10 ,iecisr.
said entire principal sum due and payable an
accordance with the provisions of said mortgage ana
WHEREAS. the undersigned. as trustee aforesais
has in accordance with and by virtue OF said >.
quest Of said bondholders. aud in accordance Nth
nfp aid hapAo1 and
declared and does declare said entire prnctn.I
sum to be due and payable. and
WHEREAS, the amount claimed TO be dus nm,
said bonds and said mortgage at the time n, a.
nrst publication Of this notice fs the s,,r ~ =,
sl73500. being the of 100000 pr1nr,n.,
and the sum Of s73.5oo interest thereon from
whole amo.int claimed TO be unpaid on said bond.
and mortgage.
NOW. THEREFORE. notice 10 hereby s,,sr th.,
By virtue of the power Of sale contained II,
said mortgage and duly recorded as aforesstd ..a
IN pursuance Of the statute in such case made ana
provided. the said mortgase will be foreclosed he
auction at the front door Of the banking tnsestn
ton of the Fulton County National Bxnk =,
Gloversville corner OF Fulton and Main S,,..,.
ia Gloversyille. Fulton County n Y on ,unr y,
1918. at ten o'clock in thu forenoon of that d.,
The said premises are described In said morir...
as follows:
All the property. franchises and prfva,srsa a, ...,
Mountain Lake Electric Railroad Cownr~r- = .s.a
it had January l. l906 or which q ,n..ss. o''
acquired Including all its railroads Constructed ~
in process OF construction January 1. 1874 -
thereafter constructed on its lines OF railroad FINN,
the intersection OF West State Street ana Moth
Main Street In Gloyersyiile. Fulton Coaafx ~.
York. to Mountain Lake. In the Town Of tohr.
town. Fulton County. New York. t,s.t,
with all lands and real estate which said Raii~
road compAns had January l. 1909 or
which It thereafter acquired: sli buiId,nrs ~
structures waeh 1t had Janusy I. 1908 q,
which thereafter acquired; all property ant
rights appet aiming TO said railroad .or The co,,ns
and operation thereof saidS real esfsis ~,
super structures rails switches ties tron bolts and
spllssss al rights Of way car houses and ether
puHainss & az hIu.os macnnery tools txsplemsa,ts
tric ~re and appliances OF every k,nd ana nsa,,,.
eppe-taining to said road: materials and srr.,,.
for tie eonsruction and equipment u SAID rsjiros
stock. -"s
The terms OF sale Will be made known ss thu tim.
of said saie snd moro particular dcscrt,ti,,f ~
he properly Pc and properties to be sold viii 10 m,d,
Dated. March l2. 1918
Gloversville. n. Y
FRANK s. SEXTON
TrustSe