The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-19
FINANCIAL NoTICEa
NOTICE OF sALE


=, .ecurities pledged under Indenture Of
y,,srnational Traction Company, dnted
Sayrn,ber 4, 1919, securing Collateral
Tsrst -Four Per Cent. Cold Bonds.
p.fault having been made In the pay
,rsnt Of the instalment of interest which
s.came due and payable on January !,
,siS upon the Collateral Trust Four Per
r.nt. 6old Bonds of International Trace
Alan Company, and said default having
sno V for period of ninety days, ana
S.tsuit having been made In the payment
~ the principal OF said bonds whioif by
declaration became due and payable on
APO NOTICE is HEREBY GIVEN that Guar.
.uty Trust Company Of New York, 40
TTstee under the Indenture Of Inferno
t,onal Traction Company, dated Nevem-
va Per cent. Gold Bonds. in the sssr-
sIse Of its rights and powers as such
trustee and by virtue Of q Hen held by n
AZ such Trustee, VIII onet for sale nc pub
So.. IL and 10 vescy Street, In the Boz
ourh Of Manhattan and City Of New York
(which Il the city where such lien wns ae-
CURED. at 1880 e'elsch y. NJ. ON the
lar the securities pledged under said In
depture. which are more particularly de-
scribed ~ follows;
i. is7,o7S shares OF the aggregate par
fnts s railway Company. VI
!. $4,000 principal amount of the First
Mortgage Gold Bonds of Tonawanda sffest
R.rCsd COMPANY. aSs Xxx 49,, s:ar
deed Of trust 20 State Trust Company OF
New York City. as Trustee (0uarsuty
rrn., Company e New York. successor
g. t51e.ooo principal amount OF the First
Mortgage Gold Bonds OF The Niagara ralis
and Suspension Bridge Railway Company,
. secured by mortgage or deed of trus, 10
The Fidelity trust a Guaranty Company
Of Buffalo, as Trustees. dated Nay 10. 1875.
nortsss 'V COLA 5nf Bond: Of Ns o. s' FnI.
whirlpool and Northern Railway, due July
!. 1919, bearing interest at e%, secured
By mOrtg rage, S nssr. Of tfrs. to Tn:
Buffalo, as Trustee, dated July ~, 1854.
5, $4,000 principal amount of Mortgage
Bonds of the TonAwanda Electric Rail-
road Company, due April 1. 1877, bearing
interest at s%, secured by mortgage or
deed OF trust to John Cunneen. as Trustee,
dated April 1895;
funding and Improvement Five Per Cent
Gold Bonds OF 1nternsi ional Railway Com
psny due November /, 1ssi, secured by
Trust Company. as Trustee. dated Novem-
Der /, 1912.
The said securities will be offered for
sale in one lot and as an entirety. and
viii be sold to the highest ana best BID.
der, subject, however. to the conditions
der shall have nrst. deposited with the
Trustee or the Aucttoneer mfr thousand
dollars tssoooo) In cash. or certified
ia a' The Ct City Of View York, psysSie 10 the
order Of the Trustee. as security for the
completion OF the purchase OF. said Sc
surities in accordance with his bid ana
The trustee will give appropriate re-
eepts for all deposits so made and will
immediately after the sale return to the
Nau0N fII a..
by them. 49,
70 sign a memorandum of his purchase
purchase price will be payable without
further notice. at the once Of the Trustee.
seven I'd days after the sale. the dsposit tht nt
the successful bidder being applicants in
part payment thereof. The securities will
be delivered upon payment OF the pur-
II the SUCCESSFUL bidder shall fall to
complete the purchase of said securities
IN accordance with his bid and these terms
Of sale, such bidder shall be liable to the
Trustee for any loss or damage resulting
from his failure to so complete said pur-
chase. Including the expenses Of any re-
may hold the deposit OF such bidder and
apply the same to the payment Of any
Tn. succession bidder. for the purpose
OF making settlement or payment for the
securities. will be entitled to turn in Col
lateral Trust -Four Per Cent. Gold Bond 3
OF International Traction Company and
any matured and unpaid coupons thereof.
IN order that there may he credited as
paid thereon the sums paysole out Of the
net proceeds OF such sale to the holder
OF such bonds or coupons. az his ratable
share OF such net proceeds, after allow
Ing for the proportion OF the total purchase
price required to be paid In cash to pay
the costs and expenses of the sale, or
otherwise: and the successful bidder will
he credited on account of the purchase
price Of the securities with the sums paya =
bic out Of such net proceeds on such bonds
ami coupons so turned. in.
The Trustee or any holder or holders OF
said Collateral Trust Four Per Cent Gold
Bonds of international Traction Company.
in person or by attorney or agents. may
bid for and purchase said securities.
The Trustee may from time to time ad-
journ the sale by announcement at the
time and place fixed for the sale or for
such adjourned sale, and may hold such
BALE as so adjourned without further
notice.
Dated New YorkaApril a, Lsis; ,
YORK as Trustee under the linden
ture Of International Traction Com
pany dated November I. 1919.
By F. J. II. SUTTON, Vice President.