Evening journal., 1919-02-18
RECEIVERS SALE.

RECEIYERS' SALE OF REAL AND
~ PERSONAL PROPERTY.
sBy virtue Of an order Of the Chancellor
or the State Of Delaware, made the fourth
1ay or February, A. ID. 1919, viii be ex-
posed TO sale at public auction or ven
due, on
THURSDAY. MARCH 9. 1919,
At IL O'Clock A. NJ.
AZ the County Court House, Wilmington,
Delaware, the following described real and
personal property, constituting all OF the
assets Except cash and moneys due or In
hands Of the receivers) OF the Delaware
Water Improvement Company, tO-wit:
PROPERTY COVERED BY LIEN OR
TRUST MORTGAGE.
All that certain piece or parcel Of Land,
being and situate in the city Of New Cas-
tie, New Castle hundred county of New
castle and State Of Delaware, on the west
erly side of the public road leading from
New Castle TO Wilmington, adjoining lands
now or late of Wilmington, New Castle and
Southern Railway Company, Francis dell.
Jahvler. ct. al, and Of the Delaware Rail
road Company containing one and eleven
acres, more or less.
Iogetber with all and singular, the water
works and electric light plant buildings,
structures, mill, apparatus, engines, pumps,
boilers, reservoirs. wells, artesian wells,
pipes, conduits, pipe lines, standpipe. hy-
1rants, poles, wires, lamps, lines fixtures
and such other real and personal property
belonging to the water company. appurte-
1ant to the water works and electric light
plant Of the water company in New Cas-
lie, Delaware, whether upon the above de-
scribed lands or elsewhere, ana whether
constructed at the time of the execution
and delivery Of the said mortgage or there
after.
Also all the corporate frarSsises, rights
and privileges possessed en1OyA and be-
longing TO said Delaware Water Improve
nent Company, under and by virtue of the
Laws OF the State of Delaware, including
contract with the Wilmington and Phila-
ielphia Traction Company aud a contract
..Nw naaN.N %
Traction Company, the Delaware Water
improvement Company and the American
Power Company. but not including the
rights and privileges given or
Mayor and Council Of New Castle, here
natter described
Among the assets above mentioned are
included cast iron water pipe, laid, ap-
1roximating SOS feet 10 in, 5,276 feet IL
n., 1916 feet s in. 16,1s1 feet in, and
~ feet in.; 90 IRE hydrants, with |
Ialves; 4S0 services; two open wells, one
,Ored well; brick building; two Triplex
Jumps with a combined capacity Of 100 /
,allons per minute and special pump con
lectiOns; one standpipe, 20 feet diameter
sd 100 feet high; and the tools and ap- !
Dliances now in use in the water service |
a miles Nc. wire, IA miles No 4 wire, |
miles No. 9 wire and 5000 feet No. 10
wire; 156 poles over 80 feet; 10 trans |
ormers, X. W; ~ arc lights nitrogen I
He'd, 400 c. p; 81 clusters; g lamps, /
o c. z. each); 80 glass insulators; 90
ross arms; one starter, go ". 80 II. p. i; /
wO transformers, 10 X. w; one constant /
urrent transformer, 10 X. W; one cir |
uit breaker, 80 Amp. $500 v, and all the
ools and appliances now in use In the cleo
ric service
PROPERTY NOT COVERED BY LIEN OR |
TRUST MORTGAGE.
All the corporate franchises, rights and |
possessed, enjoyed and belong 1
lg TO said Delaware Water Improvement |
ompany, under and by virtue Of the Laws
I the State of Delaware, under and by
irtue OF the ordinance passed by the
IayOr and Council Of New Castle, dated
Ovember I, 1904. and under and by virtue
certain contract made between the
aid Delaware Water Improvement Com
any and the Mayor and Council Of New
astle, dated March 10. 1908, as amended i
y another contract between the said Della
are Water Improvement Company and
he Mayor and Council Of New Castle,
lted April 12, 1912. which were expressly
served and excepted from the lien Of
lid mortgage.
Copies Of the charter Of said Delaware
Ortgage, the ordinance Of the Mayor and
ouncil of New Castle and the two con-
acts above referred to may be seen on
e in the Office Of the Register in Chan
ay be seen a complete inventory Of the
isets Of said Delaware Water Improve
TERMS OF SALE.
The said real and personal property viii
2 sold free, clear and discharged of and
or all liens and encumbrances, including
.Ses and assessments thereon, created by
: recovered against the said Delaware
'ater Improvement Company
The highest and best bidder or bidders
nail be the purchaser or purchasers. pro-
lded, however, that no bid will be re-
lived from any person unless he shall FIST
epOsit with the receb bssrs. a certified check. 1
ayable TO the order of said receivers inl
le amount Of one thousand dollars
y ,OOO), and provided further, that each
idder shall state at the time of making
I'D bid. what part thereof is for the prom
'ty covered by the lien of said mortgage
nd what part thereof is for the property
% so covered
After the bidding is completed. the re-
lvers VIII return TO the unsuccessful bid
ars the certified checks deposited as afore-
ID, and will retain the said check Of the
ghest and best bidder or bidders, who
Iall. before the property is struck of to
m or them, pay to the receivers in addi-
on 10 the said sum Of one thousand dol
rs already deposited by such purchaser
nlch, with the said one thousand dollars
all equal ten per centum of his or their
q. In case any purchaser or purchasers
IL TO make good his OF their bid then !
e said sum SO deposited may, in the dis
elton Of the Chancellor be applied to the
pense Of "A resale and towards making .
cd any deficiency or loss in case the
Operty shall be sold at a price less than !
at brought at this sale, either upon an ]
mediate resale or upon a resale upon
second advertisement |
The receivers viii make return of said !
lie 70 tho Chancellor, at his chambers. In =
e County Court House, Wilmington, Del 1
ARE, on the nineteenth day Of March, A | 2
1919, at IL o'clock A. NJ. aud the Chan
Ilor will, thereHpon, make such order y y
tn respect 20 the said return and the q
Of said sale as shall, to him.
I'M proper. and upon confirmation OF 4
Id sale, will prescribe the manner and Q
% HNmN - 80
rchase price not covered by said certi-
d check and other payments as aforesaid; y
d any bidder who shall fail to comply
tn such terms Of payment so prescribed
aforesaid, shall forfeit the amount &
eretofore paid by him on account OF his 5
Id bid.
Upon the confirmation Of said sale and :
rsuant to the order for the payment OF
2 balance of the purchase price, the pur- :
lser or purchasers may tender and apply \
nds and coupons Of said Delaware Water
prOyement Company on account Of the J.
ymcnt of said balance, and said bonds =
q coupons viii be received as payment I
account Of the purchase price FOR such
lOunt as shall be determined by the Il
ancellor as being the approximate value Il
.reOf IN distribution OF the assets Of the -
d company so realized on, and said \
nds and coupons shall, thereupOn, be
rendered and cancelled. a
The property so sold will not be deliv- d
d to any bidder until his bid and the
. thereby cOnsummated, shall have been -
lhrmed by the Chancellor. and then only Y
accordance with such order as the Chan
ioT shall make touching the same. n
attendance will be given by N
JAMES A. GLASSMOYER, Nc
HERBERT II. WARD, JR, n
ceivers of Delaware Water improvement n
company. or by S. d. Townsend, Jr., Es. =
uire, Edgar $. Richardson, Esquire, So n
icitors for Receivers. -
est: NORMAN p. CROUCH, Reg. c. c. n
Wilmington, Delaware, February 4, 1919.
1s-21-25-2S. O.
- al
BOARDERs WANTED al
c.
~ANTUp-SOBFR MEN FOR TABLE 10