Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-09-01

Il, = the case Of bid sor III sid 80
Turner lilss and the franchises
ana Sriyiiesss sppest.ssn, ,n,'
thsrPto. the s. .ia s 81 Ten 81 :. T ~ y,
e era '' check, 4s or Fifty Thou.
sand Dollars (s5o.o06l face
amount Of First and Refundins
ts) In the case Of the Turner line,
whether with or without the
pslsnns t ssa eris hs sum az
One Thousand Dollars (si.oo0l
in cash or certified check. or hvc
Thousand Dollars (S6.ooo) fase
amount OF First and Reminding
Such deposits may be partly in cash
or certified check and partly in First
and Refunding Bonds, but in the same
relative proportions.
In lieu Of the deposit Of bonds AID
going requirements. the Special Mas.
ter may accept the certificate Of any
national band or trust company. &C
ceptabie to the Special Master that It
Special Master, bonds Of the required
character in bearer form, and if in
coupon form accompanied BY the re-
CURED coupons.
dsRss: from 1s &c By sa
bidder will be returned to him after
deposit received from the successful
bidder viii be applied on account Of
case Sddes upGn tSs
ceptance Of his bid by the Special
Master and confirmation by said court,
fails to comply within a period Of ten
(1O days after the entry thereof with
~ All nv
relating to the payment Of the balance
Of the purchase price, then the money
or bonds deposited by such accepted
bidder as hereinbefore provided. will
ure and will be applied to the payment
Of the expenses Of the resale and to
making good any deficiency in case the
property shall be- sold for less price
on such resale, and for such other
II said court does not confirm any
sale, the deposit made by the accep.ei
bidder at such sale will forthwith be
returned to such bidder.
t,o VI 81 h. purchaser ..s ss. Upon nae. eonrma
further payment or payments In cash
on account Of the purchase price Tin
addition to the cash or proceeds Of any
certihed check Heretofore. deposited
S.ss q. then .. q Ht sal. the Is sessa
before provided. which said cash OF
proceeds shall be received as part Of
the purchase prtce) as the court may
from time to time direct. The re-
mainder Of such purchase price not
PAID IN cash. or any purchaser may
satisfy and make good the balance pl
his BID IN whole or in part by turning
In to be paid and cancelled or to have
First and Refunding Bonds and ,un.
paid past due coupons appertainine
thereto entitled to share in the distri.
button Of the proceeds Of the sale, and
such purchaser will thereupon be
purchase price of the A property ~ p u.
chased with such amounts as would b.
payable on such First and Refundine
Bonds and coupons out of the proceeds
OF sale If the whole amount of tn
ouch bonds unless payable to bearer
and transferable by delivery shall 5e
duly endorsed or assigned in blank.
The Special Master may in his dir.
bonds and coupons the certiacate ~
certificates of any national bank OF
trust company which he may approve
that 1t holds subject to his order
bonds of the amount and character
accompanied by the coupons therein
stated, and will deliver the same IL
him on demand for cancellation OF
other disposition according to the
terms Of said decree.
take and resell. upon such notice as
it may direct. any property directed
by said decree to be sold, in case the
purchaser thereof shall fail or omit u
comply with any order Of said coui
unpaid balance of the purchase price
within ten (10)' days after the entry
Of the order for such payment.
Neither the purchaser nor the sue
viii be required to see to the appiica
ton OF the purchase money.
The fact Of purchase and the &C
ceptance Of q. deed or deeds Of tn,
property by the purchaser shall no
any contract. agreement or lease colo
as part of the property offered pursu
ant to said decree or embraced In any
VII. The purchaser or purchaser.
at any sale under said decree. and his
and their assigns. shall as part Of tht
consideration for the property pur
chased, and in addition to the sum.
bid by them and elsewhere in sai(
decree REQUIRED to be paid by him o.
the deeds or other instruments of con
veyance and transfer thereof, subjec
to the provisions of Article Fourth O.
safd decree so far as applicable. ant
upon the express condition that sucl
property shall be charged with tn
payment. satisfaction and discharge o.
the following
(D Any taxes and other publ,
charges which may be q liei
upon or chargeable against tn,
property or franchises Of tn,
street Railway herein directed
co Amy indebtedness and the liza
bilities Of the Receivers INQUIRE,
IN this cause or in any Of tn
constituent causes in the man
agement or operation Of tn
property. of the Street Railwa.
otherwise in the discharge o
their duties as such Receiver
between December is, 1918, tn
GATE OF their appointment an
the delivery by them to the pur
sion Of the property sold. to tn
extent that such indebtedness
and liabilities have not been PAL
or shall not have been paid GU
Ct moneys in possession Of tn
(O Any unpaid clai..s Of creditor
OF the Street Railway whicl
have been or shall be admitte
BY the parties in interest or ad
judged by this court to be prio
in lien or superior in equity t
the First and Reminding Mort
gage.
At the time Of delivery by the Re
ceivers Of possession Of the propert,
sold the Receivers will pay over t
the purchaser or purchasers thereof
II the property be sold as an entirety
or to the purchaser or purchasers o
that part of the property. other thai
the so-cslied Turner line. If the prop
erty be sold in parcels. or upon thei
written order, all cash then in pos
session or under the control Of tn
Receivers which shall have been re
ceived by them since June 30, 1915
and will transfer and deliver to sal
Its or their written order or orders