Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-08-18

and nriWi,s ana the franes,
. .aeS the sum Of fTE H. y
csns d Doiiars 100000 in ~.
ssra Sneck. or Fifty =
Bonds: 0i First and Rsius
cd In the; case OF IN. H..
whether with or r.u.lnes
Ifanchises and pri~i'.aout
pertaining thereto beses
one Thousand Doilsrs 2
Thousand Dollars SSsseek q
amount OF First ana s';oool
Bonds. Anu kefwi
Such deposits may be n..
or certified check and nar.,y 10 q
ana hefunding Bonds, bur T.; n
relative proportions. +" tne
In lieu Of the deposit n,
coupons In accordance VIII. oonds
going requirements, the en- NE
yer may accept the certifs.ssa
national band or trust cos Of
cepsaoie 70 the Special MsTpany
noids, subject to the o,Sa. that
SPscmi Master, bonds. Of NV y
character IN bearer form VI, sI ssQrt
ewifsd c r1um accompanied by I M
00lt ~ GO4RVit3. W
ss Any DEPOSIT 90 received 4,
SGSas IA, sser from an unsucs..
pluoer VIII be returned to S;
a.s,ass i;svpy shail be struck an
eePgsit received from the SUI Oa
ploder WI De applied on AGO.
snS puTcnase price of the pro nsrts
ceptarce OF his bid bv upon A
Master and confirmation h. .ne SRd
fails to comply within a no Sald ut
(10) days after the entry ,hioo
any order OF said court . aerea
relating TO the payment ~ .,Sutl%
OF the. purchase price. then me ne oaa,
or bonds deposited by such ,ne na
bidder as hereinbefore nrou,d scSeF
be forfeited as a penalty f or Snst
ure and will be applied 10 tha su.a
or the expenses of the re.ss,ap a "!
making good any deficiencv ~ aM
property shall be sold for a i.s as
on such resale, and for sncS
purposes as said court NAV an. "
II said court does not cor CtIee
sale, the deposit made by the I'M.
bidder at such sale will forthS;,y
returned to such bidder. "'ui
VI The purchaser upon cons,.
ton OF the sale shall maLa
further payment or payments !,
on account of the purchase n,;,.
addition to the cash or procesd SI y
certified check Heretofore dsru.s
by such purchaser with the ~
Master at the time of sale 40 W.
before provided. which said c.%
proceeds shall be received as a nsa
the purchase price, as the CONT
from time to time. direct. tn.
mafnder OF such purchase prics !,
required to be paid in cash ma,
paid IN cash. or any purchase I
satisfy and make good the balanv
his bid In whole or in part BY tursl
IN to be paid and cancelled or TO M
payment on account credited tber1
First and Refunding Bonds and \
PAID past due coupons apperaInl
thereto entitled to share in the dIsI
button or the proceeds Of the sale h
such purchaser will thereupon
crooited therefor on account Of
purchase price of the property n
chased with such amounts AZ Womb
payable on such First and Refund
Bonds and coupons out of the proce'
OF sale IL the whole amount Of
purchase price were paid In cash,
such bonds unless payable to ben
and transferable by delivery shan
duly endorsed or assigned in ,blank
The Special Master may In his
erection accept temporarily instead
bonds and coupons the certificate
certificates of any national bank
trust company which he may apr
that IL holds subject to his n
bonds OF the amount and chanc
therein specified, and II in bearer 4,
accompanied by the coupons then
stated, and will deliver the SANE
him on demand for cancellation
other disposition according to
terms OF said decree.
Said court reserves the right b
take and resell. upon such notice
II may direct. any property dire
by said decree to be sold. in case
purchaser thereof shall fail or om,
comply with any order of said e.
requiring payment on account Of
unpaid balance Of the purchase p
within ten (10) days after the n
OF the order for such payment.
ces9ors or assigns of any purehs
will be required to see to the appl
tion of the purchase money.
The fact OF purchase and the
ceptance of q deed or deeds Of
property by the purchaser shall
be construed as an election TO att
any contract, agreement or lease I
as part OF the property offered pr
ant to said decree or embraced Ia
VII. The purchaser or purchs,
at any sale under said decree and
and their assigns. shall as part Of
consideration for the property ,
chased and~in addition to the 81
bid by them and elsewhere In :
decree required to be paid BY hin
them, take such property and req
the deeds or other instruments OF 9
veyance and transfer thereof, SUP
to the provisions Of Article Fourh
said decree so far as applicable,
upon the express condition that :
property shall be charged with
payment, satisfaction and discharge
the following
CD Any taxes and other pul
charges which may be !
upon or chargeable agalns!
property or franchises OF
Street Railway herein dlrso
to be sold.
ca Any Indebtedness and he
bilfties Of the Receivers incun
In this cause or in any q
constituent causes in the ~
agement or operation Of
property Of the Street RAW
herein directed to be sold
otherwise in, the discharse
their duties as such Recein
between December is, lst'
date Of their appointment
the delivery by them to the ,
chaser or purchasers Of pos,,
sion Of the property soid, ~,
extent that such indepte0s.
and liabilities have not been !,
or shall not have been palss
OF moneys in possession VI
(S) Any unpaid clai. s Of ereo nsi
Of the Street Railway ~. Nv
have been or shall be aaa,i,
by the parties in interest," n,
judged by this court 10 " ~
in lien or superior in EQUIV s
the First and Refundins -
At the time Of delivery by tns
ceivers Of possession OF tne r nssr
sold the Receivers will pay ,Ssr.
the purchaser or purchasers .ntirsl
II the property be sold as an s s
or to the purchaser or purc,nssr N
that part OF the property. o, .hs prt
the so-cailed Turner line. II .ns IN
erty be sold in parcels. or upV;r in n
written order. all cash tnen n
session or under the controi, ven
Receivers which shall have n ii
ceived by them since June ~ "a d
and will transfer and deliver rnon
purchaser or purchasers or up ords
Its or their written order o.
all cash assets. claims. S eLe' then