The Pascagoula chronicle. (Pascagoula, Miss.) 1905-1920, 1919-08-09

Iyderh ROAD ten l,a ~
westerly sna parallel MI, "a
road track twenty-five l ~
beginning # N'''
FJ@II lN9HG II
All OF the above descr,,.
rights, privileges and f,,''
pc sold free from all in,s'
and all liens thereon ., n
ant herein and of the d. j
rascagoula Street Raiilv,,
company as well as Of Il
'n's cause and Of all pesa,
any interest therein or al
through or under them 0, !
SIS IL 8H III.
the undersigned Comm,
offer for sale the above a.,
pertles, rights and francois,
separate parcels, namely,
| "a Franchises, sepap
franchises of the Railv,
from the franchises Of 4.
Power System, and Of the
! pany System.
| tb). Rolling stock o, !,
system. .ls.f,t..
luCc). All other property h
described. 5.9s .s.,...'
,01 4ah 4R YlH ~.
Each of the above SAID
property will be sold il
and best bidder, subject "a
ing conditions:
y (a). After having offers
perty In three parcels, 4,
vided. the undersigned CO,
will offer all of the proper
* defendant herein Z, decraed d
q whole, and he will accen
or bids, either in parcels Or
as shall realize the largest
the sale of all the properi
tb) If for any reason
the above described proper
be, completed on the day
the hours hereinaboye mama
will be adjourned from lin
by public announcement al
hereinabove fixed for such
will, on the day to which
adjourned, proceed to mall
Of said property. v
(c) The special commi,,
require from each bidder
ceiving any bid from 'hhlIl
mary deposit Of 100000 ii
certified check in that sdm.
liminary deposits of unsuco
ders will be returned at
sion of the bidding. UN
ceptance of any bid the pur
forthwith deposit with The i
missioner not less than q
amount Of his bid, either
by a certified check or cheCl
National Bank or Trust Com
cash which may have been
by such successtI
" pledge that he would mai
bid shall be applied onfaca
anlount soto be deposited
teptance9 of his bid. Inieal
der shall fail to make sue
upon the acceptance of hi
commissioner shall forthwith
fer the property for sale, vi
'ther notice or advertisemel
(d) Any of the mortgage
coupons of the Pascagoula s.
way & Power Company, sec
mortgage on the hereinaboM
property, in favor Of the COZ
the Columbia Finance & \
pany, trustee, will be accepa
special commissioner in lle
Except for the cash reqal
preliminary deposit by %
and by the accepted bidder
equal to that which sucn
coupons would receive on
ton of the proceeds OF
entire amount of the purcf
were paid in cash. Par'ls
cause, or any holders Of
may bid at said sale.
(e) The Commissioners, Will
days after making the saleo'
inabove described properly
the sale thereof, and his pf
with respect thereto, TOT cOp
to the Hon. e. r. Holmes 'S
aforesaid District, In 0na
Yazoo City, Mississippi Oh
nesday following the llrsl
September, 1919.
(f) The above descrlOF'
will be offered for sale Snu
the right reserved In lhe "
take or resell the same F"
thereof, upon such notlce a.
shall decree, in case inc
shall fail or omit depos' !"
of the purchase price as ~
required.
If the purchaser fall 10 ~
ance of the purchase pr'''
DAYS after said confirma'l''
The cash or bonds theretol'''
ed by him shall be forfel'F'
lated damages and appl'1
The expense of any re-salf
be ordered, or to MAXI o.
fciency or loss in case tht y
such resale shall bring ''
he prior sale; by the dee''. :
the right to fe'a',
sell the property in case u,
Or his or its successors "