The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-09-02
FORECLOSURE SALE.
Gulf, Florida g. Alabama RaiIwa


Company
signed. appointed Special Master by ~
certain decree of foreclosure and SAFE:
made and entered on the 18th day OF
April. 1913, IN a certain cause now pend
ing in the United States District court
for the Northern District of Florida.
wherein Columbia Trust Company Is
plaintiff and Gulf. Florida & Alabama
Railway Company is defendant, viii OFFER pfc
for sale certain property of said CUR,
Florida & Alabama Railway Company,
on the 18th day of October, 1919, at IL
o'clock noon. at the front door ,9o OF on the
pany, on the west side OF DOneison
streets. between Garden and Romano
q mbja c n tns stats Of Florida e
The property to be sold consists of the
line of said railway company extending
from Pensacola. Florida. to Kimbrougn.
certain branch line, extending from
Gateswood Junction. Alabama. to Gates
and also all terminals. depots. side,
tracks. spurs, equipment. franchises and
all other property of said sailway com,
pany within the states of Florida and
Alabama, and all property of every KIND
and description in the possession OF
the receiver of said railway company
appointed In said cause. For partlcu-
lar description of the property to be
sold, intending purchasers are referred
to said decree of foreclosure and sale
made and entered in said cause on the
18th OF April 1918. and to the report
of the undersigned Special Master made
and filed in said cause on the 2sth day
of April 1918. Said property will be sold
subject to certain prior liens and oDH-
cations described in said decree and re-
port The said property will be offered
for sale in one parcel and as an entirety.
No bid will be received unless the bid
der first deposit with the Special Master
the sum of fifty thousand dollars (s5o.ooo)
in cash or certified check acceptable to
the Special Master as pledge that the
bidder win make good his bid If ac-
cepted. The deposit of any unsuccess-
full bidder win be returned when higher
bid has been accepted by the Special
Master.
Upon confirmation Of sale by said
court. the purchaser shall pay the bal
arce of the purchase price in the fol-
lowing manner: The purchaser shall pay
in full the receivers certificates issued
by the receivers of said railway company
appointed In cause pending In said
complainant. and Gulf. Florida & Ala
bama Railway Company is defendant.
and all receivers certificates issued or
way company appointed in said cause
in which Columbia Trust Company is
plaintiff. aid all coupons appertainng
to said certificates, or shall deliver said
certificates and coupons to the Special
Master for cancellation. The $4,000
pledge above mentioned shall be applied
on account of the purchase price, and
the purchaser shall make such other
payment or payments in cash on account
OF the purchase price as Sald court may
from time to time direct. So much Of
the purchase price may not be paid
in the manner above described may be
paid in cash or by delivery of first
mortgage five per cent gold bonds of
said railway company and unpaid cou-
pons for credit on account of the pur-
chase price with the proportionate share
due on the bonds nd coupons deliv-
cred from the net proceeds of sale. For
a more detailed description of the terms
of sale and manner of payment OF the
purchase price. intending purchasers are
referred to said decree of foreclosure and
gale.
Dated August rs. 1919
GEO. EARL HOFFMAN.
Special Master.
Pensacola. Florida
Lewis r. Kelsey. Attorneys for Plaintiff
100 Broadway New York, N. Y.