Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-08-11

Turner line and the f rspp The
ana privileges annsrssnlsss
thereto. the sum Of Tsn sias
sand Dollars l$lo.0oo) in ca.soe
cert,ned check. or Fifty Nn
sn,n,. DOtiars t$s0.o06) Ns.
fB%OSnt OF First and Rsfundss,sss,
CD In the case Of the rurn.. a.
whether with or withon, n
franchises and priyiIesaa' ne
pertaining thereto, the Sc ~.
one Thousand Dollars III ~
n cash or certified check o q, ~
Thousand Dollars ($5, 00oI tsse
f sonSsl OF First and Rsfunddsissss
Such deposits may be partly .,
or certified check and partly 81 "a asa
and Refunding Bonds, hut In IN FfN
relative proportions. ZIG SAM
In lieu OF the deposit OF bo,a.
coupons IN accordance with NV az
going requirements. the Speciass lore
yer may accept the certificate OF AS
ceptable to the Special Mastara a.
holds, subject to the order , ~ 1t
Special Master. bonds Of the 1.-THE " the
character in bearer form snS Syfsd
coupon FORM accompanied bv ~ IL
Quired coupons. ne re-
Any deposit so received Nv
SpcciaI aSser from an unsuccesssS
Didoer Will De returned to him aS.sa
deposit received from the srcc.. IN
bidder will be applied on accom-, y
the purchase price Of the propertr
V. In case any bidder upon ~.
ceptance OF his bid by the sn.s;s,
Master and confirmation by sais $50
fails to comply within a period ~ ,s
(lO days after the entry thereof MA
any order OF said court requiring ~
relating TO the payment Of the haIsns
OF the purchase price. then the mor.s
or bonds deposited by such acrsn,,,
bidder as hereinbefore provided m
be forfeited as q penalty for such fsT
ure and will be applied TO the naym..,
or the expenses Of the resale Ana ~
making good any deficiency In case y.
property shall be sold for a less mr.
on such resale. and for such 9th,
purposes as said court may direct
II said court does not confirm ar
sale, the deposit made by the aec,n,s,
bidder at such sale will forth with i.
returned to such bidder.
vi. The purchaser upon confirm.
ton OF the sale shall make mi
further payment or payments in esS |
on account Of the purchase price N
addition to the cash or proceeds Of an
eertifiea check heretofore deposita
Master IT the time of sale as herss
before provided, which said cash al
proceeds shall be received as a part III
the purchase price) as the court NAV
from time to time direct. The n
maindef OF such purchase price MI
required to be paid in cash mar kI
paid in cash. or any purchaser mail
satisfy and make good the balance n
his bid IN whole or in part by turnin,
n RI hn Maid and al q. L.-eN
payment on account credited Thereof
First and Refunding Bonds and MI
paid past due coupons appertaininiI
thereto entitled to share in the distrtI
button OF the proceeds Of the sale, All
such purchaser will thereupon n
credited therefor on account Of tn
purchase price of the property pull
payable on such First and RefundasI
Bonds and coupons out OF the proceed
OF sale IL the whole amount Of III
purchase price were paid in cash. All
ouch bonds unless payable to beafeI
and transferable by delivery shall 81
duly endorsed or assigned in blank
The Special Master may in his dill.
erection accept temporarily instead ID
CERTIFICATES Of any national bank n
trust company which he may appfowI
that 1t holds subject to his ordsI
bonds Of the amount and characts|
therein specified, and IL in bearer form
accompanied by the coupons thenit|
stated, and will deliver the same 4
him on demand for cancellation ID
other disposition according to h
Said court reserves the right 10 N
take and resell. upon such notice
it may direct. any property directs
by said decree to be sold. In case tn
purchaser thereof shall fail or omit \
comply with any order Of said epa
requiring payment on account Of A1
unpaid balance OF the. purchase pro
within ten t1ol days after the entr
: Neither the purchaser nor the u
cessors or assigns Of any purchase
will be required to see to the applia
ton OF the purchase money.
The fact Of purchase and the o
ceptance of q deed or deeds Of u
property by the purchaser shall ID
be construed as an election to accefI
any contract. agreement or lease SOL
ant to said decree or embraced in an
VII. The purchaser or purchased
at any sale under said decree. and
and their assigns. shall as part Of
consideration for the property pun
chased, and in addition to the sun
bid by them and elsewhere in sol
decree required to be paid by him
them, take such property and receis
veyafice and transfer thereof, suolse
to the provisions Of Article Fourth
said decree 80 far as applicable, o.
upon the express condition that sus
property shall be charged with
payment, satisfaction and discharge
the following a.
Cd Any taxes and other pubD
charges which may be ne
upon or chargeahle against "
property or franchises o.
Street Railway herein direesS
CD Any indebtedness and the
bilities Of the Receivers incufis
in this cause or in any o. u
constituent causes in the mar
asement or operation or
property Of the Street RailNI
herein directed to be sold. ~
otherwise in the discharse
their duties as such Ree ee
between December Is, 1919
date Of their appointment -
the delivery By them to the pu
chaser or purchasers Of posi-
sion Of the property sold 70 -
extent that such indebteonss
ana liabilities have not been -
or shall not have been paie
Of moneys in possession Of
Receivers. H,ss
CD Any unpaid clai: s Of creolss
OF the Street Railway VIZ Wa
have been or shall be aonp.
by the parties in interest," OF
judged by this court to De p
In lien or superior in eouIy<
the First and Refundins ~"
At the time Of delivery BY thSs,,sg
ceivefe Of possession Of the props.h
sold the Receivers will pay W. 49,
TIE purchaser or purchasers lns tif
IL the property be sold as an en.
or to the purchaser or purcnnasss tsis
that part Of the property. otner ttsS
the so-called Turner line. it the KIM KIM
erty be sold In parcels, or upon o.
written order, all cash tnen, ~ ~ lie
session OF under the. control 81 n
Receivers which shall have % ess, ,ll
ceived By them since june .. - IA
and win transfer and deliver ~ his
or purchasers or n,aefs
lte or their written order OF ,s o,' n
al cash assets. claims, cre,hsn b
counts and items receiveoie a.-ot n