Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-08-25

ana r-1as,An nc the franchises
thereto Ih ~ appertainins
ssna Dollar ssie.e q I Is ct; Thou !:
sand Dollars (Sso. oox 1aep.
Hnn Oant OF First and Rsfund;sssse
CD IN The case Of the ru,r..
tnetaer with or without az" ~. |
rnresis ana privileges AZ sne
6ns ThoSss .nSsfe no,ths sum Or
~ cash or certified chsc, ta,uee !
thousand Dollars ess mac Or I've |
fnm nss%a OF First and RsfundsiSssss
Such deposits may b partly :,
and hefunding Bonds. but in IN n First /
relative proportions. 'he same
In neu or the deposit Of bcns.
coupons in accordance win uus ard
going requirements. the Snac,ass TORE
Yer may accept the eertifcsts :, MAJ
nationaI band or trust comn.o u any I,
SSspsaoie 20 the Special Master ~. ae.
Special Master. bonds Of tba % The
character in bearer form a., Iequlfed
coupon form accompanied by in
Quired coupons. W me re-
Any deposit SO receiv.d
Special Master from an nrs, The
pidoer VIII be returned to him ssi ga
me pIcperty snail be struck on X.
bidder VIII be applied on acco,'snal
the purchase price Of the proner,xt Of
v. In case any bidder ,,npr "
ceptance OF his bid by he sea- ns e.
Master and confirmation BY saiS cial
L Lan TO comply within a period =, ~,
az, oays after the entry thereof v M
~ 0ioer q said court reouirins ~" y.
OF the purchase price, then m. lance lance
or bonds deposited by such sc tnoasy
oicder as hereinbefore proyidsJ psse'
De forfeited as q penalty for sncs WI
ure ana Will be applied to the nsr, ssa.,
OF the expenses OF the resale sn1 ss !:
rn aking sood any deficiency in case n.
prop1r.y snau be sold for less priss
purposes as said court NAV dire. .aer
II said court does not confrro ,,v
SAFE, the deposit made by the accen.s,
bidder at such sale will forthwi,S :.
returned to such bidder.
VI. The purchaser upon conS,n,.
tion OF the sale shall make sun
on account OF the purchase nr ~ al. w
addition to the cash or proceeds ~ ~. ,,a
certined check theretofora deno.;,ss
Dy sucn purchaser with the Sne";,,
Master at the time Of sale as hsrsir
oeIore PROVIDED. which said Cash :,
proceeds shall be received as a bar, 4,
the purchase price, as the court NAV
mainder Of such purchase prics ~,
required to be paid in cash NAV ~ H.
paid in cash. or any purchaser nav
satisfy and make good the balance :,
his bid in whole or in part by turn,ns,
IN 70 be paid and cancelled or TO hars
Payment on account credited thereon
FIRST and Refunding Bonds ana ur.
thereto entitled to share in H. 's sis,,
button Of the proceeds Of the sale ana
such purchaser will thereupon "a
created therefor on account OF ths
purchase price Of the property pu..
CHASED with such amounts as would b.
payable on such First and Refundine
bonos and coupons out Of the proceeds
or sale II the whole amount Of n.
purchase price were paid in cash All
sucn ponds unless payable to bearer
and transferable by delivery shall M
duly endorsed or assigned In blank.
The Special Master may in his dir.
cretion accept temporarily instead .,
oofi6s and coupons the certificate .:
certmcates OF any national bank OF
trust company which he may Approve
that 1t holds subject to his ordsl
bonds OF the amount and charactel
therein specified. and il in bearer forr
accompanied by the coupons therein
stated, and will deliver the same I.
him on demand for cancellation o.
otner disposition according to III
Said court reserves the right 70 ~
take and resell. upon such notice a.
II may direct, amy property direc.st
by said decree TO be sold, II, case TN
purchaser thereof shall fail or omit D
comply with any order of said coat
recurring payment on account Of tn.
within ten (1o) days after the entry
Neither the purchaser NOR the sne-
cessors or assigns Of any purchase,
will be required to see 70 the applica.
ton Of the purchase money.
The fact OF purchase and the &C.
property by the purchaser shall moi
be construed as an election to accep,
any contract. agreement or lease sold
as part OF the property offered pursu.
ant to said decree or embraced tn any
VII. The purchaser or purchasers
at any sale under said decree. and bis
ana their assigns. shall as part Of the
consideration for the property pur.
chased. and in addition to the sums
bid by them and elsewhere In said
decree required to be paid by him Or
them. take such property and receive
the deeds or other instruments Of con.
veyarice and transfer thereof. subject
to the provisions Of Article Fourth Of
said decree so far as applicable. and
upon the express condition that such
property shail be charged with th.
payment. satisfaction and discharge Of
the following
(1) Any taxes and other public
charges which may be Lien
upon or chargeable against ne
property or franchises Of Me
Street Railway herein directed
to be sold
CO Any indebtedness and the lie.
bilities OF the Receivers incurred
in this cause or in any OF the
constituent causes in the man
agement or operation OF Me,
property OF the Street Railway
herein directed to be sold. ana
otherwise In the discharge o.,
S sss,r dut bs.. as such f ISIS s
date OF their appointment and
the delivery by them TO the pur'
chaser or purchasers OF posses
sion OF the property sold. 10 Ins
extent that such indebtedneH
and liabilities have not been p ~
or shall not have been paio c css
OF moneys in possession Oh -
co Any unpaid claii g Of credltess
Of the Street Railway wnisss
have been or shall be admH!a
by the parties in interest OF ~
judged by this court to DO PITY,
In lien or superior in equil y.
the First and Refundins A0'''
gage.
AZ the time OF delivery by me ke,
eeivers OF possession Of the propsfwto
soid the Receivers will pay ovss.s.M.,
the purchaser or purchasers tn erey
IL the property be sold as an enuisG
or to the purchaser or purchaser han
that part OF the property. other . mta.
the so-called Turner line. If the XXI XIII
erty be sold In parcels. or upon , nc.
written order. ali cash then, 10 he
session or under the control Oh -.
Receivers which shall have osen, 4,
ceiyed by them since June ~, ia
and win transfer and deliver 70 i sis.
purchaser or purchasers or upo asdsfs.
It's Or their written order or o!os ~.
all cash assets. claims. ereoI, in
counts ana items receivable .ssai 81
~ a IA a