New-York tribune., 1918-05-14
TRUSTEES SALE
NOTICE OF SALE ON FORECLOSURE BY
ADVERTISEMENT

WHEREAS. default was made January l. 1a04 IN
the payment OF the 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 az
trustee. and recorded In Fulton County Clerk
Office. at Johnstown. New York, January goth
1901. III Book No 81 of Mortgages page AGO. and
WHEREAS said mortgage executed by said
Railroad Company to said Trust Company as trustee
to secure said bonds. which were made by said
Railroad Company. and described in said MORTGAGE
amounting to 1000, with interest thereon at thu
rate of SEQ per annum from the date OF said bonds
viz: January l, 1900 according to interest coupons
attached thereto. payable each July lst and January
lst and after July l. 1900. all Of which bonds
are outstanding. 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 Tho EQUITABLE
Trust Company Of New York. was duly appointed
successor trustee, and
WHEREAS. under and In accordance with fhs
provisions OF said mortgage said The Equitable
Trust Company Of New York resigned as trustee
and the undersigned Frank 8. Sexton of CIovers
Vile. New York. was duly appointed as successor
trustee, and Is now actlng as trustee under said
mortgage. and
WHEREAS. default made on the LIST dav q,
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 nav
nent OF all interest attached TO said bonds
maturing January L. 1904. and still continues
after the expiration Of moro than six months and
WHEREAS. the undersigned. as trustee .ror.
said, has been duly requested by the holders n,
moro than THIRD in amount Of the bonds secured
by said mortgage and now outstanding to declsre
said entire principal due and payahIa An
accordance with the provisions Of said mortgage ,rd
WHEREAS. the undersigned as trustee aforesaid
has IN accordance with and by virtue OF said re.
quest of said bondholders. and in accordance with
the provisions OF said bonds and said mortgage
declared and does declare said entire prncInsi
sum to be due and payable. and
WHEREAS. the amount claimed to be d,,, unon
said bonds and said mortgage at tho time n, tna
nrst publication Of this notice Is the sum y,
Sl73,5oo. being the sum of 500 900 princnsI
and the sum Of $73.5oo interest thereon from
July l. 1903. which said sum of $l73.5oo Il. . thn
whole amount claimed 70 be unpaid on said hondo
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 .rd m
in pursuance OF the statute In such case made and
provided. the said mortgage will be foreclosed hy
a sale OF the premises therein described at uublc
auction at the front door Of the banking In stitu
ton of tho Fulton County National Bank y,
Gloversvile. corner OF Fulton and Main streeta
in Gloversvflle. Fulton County. n. T.. on June 10
1918. at ten o'clock In tho forenoon Of that dav
The said premises described In said morts..
a. follows:
All the property. franchises and privileges q, All.
Mountain Lake Electric Railroad Company which
It had January l. 1900 or which n tSs. ~"
acquired: including all its railroads constructed =.
In process Of construction January l. 1900 ~
thereafter constructed Its lines OF railroad ,-on
the intersection of West State Street and North
Main Street in Gloversve. Fulton County Ns,.
York. to Mountain Lake. IN tho Town OF Johns.
town. Fulton County New York: tore,hs,
with all lands and real estate which said Rail
road Company had January l. 1900. or
which 1t thereafter acquired all buildnss y,
structures which 1t had January /. 1900. Or
which 1t thereafter scquired: ali proner,v .,
rights to said railroad ihe saapmen, aa
4
super structures, rails. switches ties iron boits a
splices; all rights OF way car houses. and Other M
buildings; all fixtures. nachiney tools irnpemn,ts
bridges. s,ncss power houses dynsmos. poles elec
tric wire and apphances Of every kind and nature
for ths eonstrucuon and equipment OF said ralsosd
stock.
The terms Of sale will DO made known At the tim.
Of said sale. and more particular description Of
the property and properties to be sold will be q sds
known ON REQUEST ct the time Of said sale
Dated March IL, 1918.
Gloversy!lie. n. Y.
FRANK 8. SEXTON.
TyuafAa-