The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-04-29


OF securities pledged under Indenturc OF
International Traction Company. dated
November !, 1919, securing Collateral
Trust -Four Fer Cent. Gold Bonds.
Default having been made In tho pay
ment Of the instalmsnt Of interest which
became duo and payable on January /.
1919 upon the Collateral Trust -Four Per
Cent. Gold Bonds Of International Trsc-
tion Company, and said default having
continued for a period OF ninety days. and
default having been made In the payment
OF the principal Of said bonds which by
declaration became due and payable ON
April %. 1919,
NOTICE IL HEREBY GIVEN that Guar
anty Trust Company OF New York. a.
tionaI Traction Company. dated Noycm-
Der I. 1919. securing said Collateral Trust
Four Per Cent. Gold Bonds, In the exer-
sise Of hs rirhts and powers .. such
Trustee and by virtue Of n lien hold by 10
AS such Trustee, will offer for sale at pub
lie auction, at tho Exchange Sales Rooms,
Nos: ~ and 10 vesey street, In the Bor-
ough Of Manhattan and City of New York
(Which Is the city where such lien was ac-
quired). ut 1890 o'clock r. NJ, on the
18TH DAY OF MAY. 1918, all and sinEu-
denturc. which are moro particularly de-
scrfbed as follows:
l. 1875 shares Of the aggregate par
value Of sis:7e7,soo of the capital stock OF
International Railway Company.
>. 10000 principal smount Of the First
MortsaEe Gold Bonds of Tonawanda Street
Railroad Company. due July I. 1921, bear
ing interest at 81. secured by mortgage ~
deed OF trust to State Trust Company OF
New York City as Trustee Guaranty
Tr ru:. COMPANY Sss.1 Of New Teri successor
y. S51s,ooo principal amount Of the First
Mortgage Gold Bonds Of This Niagara Falls
dus July 1. 1s2s. bearing interest at s%.
secured BY mortgage or deed az trust 20
Tn. Fidelity Trust q Guaranty compsnv
sssSGo principal amount qsua 81 t h. First FRA;
Mortgage Gold Bonds of Niagara Falls
whirlpool and Mort hern Railway. due July
], 1928. bearing Interest at So, secured
by mortgage or deed Of trust 10 The
Fidelity Trust G Guaranty Company of
Buraio; a. Trustee. dated July az; 1874.
o. t40.000 principal amount OF Mortgage
Bonds OF tho TonswAnda Electric Rail-
road Company due April I. 1877. bearing
8. s4.s4.o0e principal amount of Re-
Gold Bonds of International Railway Com
pany. due November !. 1852. secured by
mortgage or deed of trust TO Bankers
Trust Company. as Trustss. dated Novem-
The said s.curitis, VIII be offered for
- viii !. s 1Ss TO Il. Ass ."a ss.t sd
der. subject. however. TO the conditions
der shall have first deposited with tho
Trustee or the Auctioneer nifty thousand
dollars H50.0o0) in cash, or certified
In the City OF New York, payable TO tho
order OF the Trustee. as security for the
ourlties in accordancs with his bid ana
these terms OF sale.
The Trustee will give appropriate re-
Immediately after the sale return TO the
unsuecessful bidders any deposits made
The successful bidder will be REQUIRED
to sign memorandum OF his purchase
AZ the time and place OF the sale. The
Rn uTIbSass ,ol nre. viii b. p.yael. Without
No. 40 Broadway. New York City. within
seven days after the. sale, the deposit OF
part payment thereof. The securities viii
% dehvered upon payment Of the pur-
IL the SUCCESSFUL bidder shall f.f, to
oomplete the purchase OF said securities
In accordance with his bid and these terms
OF sale. such bidder shall be liable to the
Trustes for any loss or damage resulting
from his failure to complete said pur-
chase, including ths expenses of any re-
may hold the deposit OF such bidder aad
apply tho same to the payment OF any
such loss or damage.
The successful bidder for the purpose
OF making settlement or payment for the
securities. will be entitled to turn in Col
lateral Trust -Four Per Cent. Gold Bonds
any matured ana unpaid coupons thereof.
In ordsr that there may be credited as
ph'N tHe payAOIo Cut OF the
net proceeds OF such sale to tho holder
OF such bonds or coupons. as his ratable
share Of such net proceeds, after allow
ing for the proportion OF the total purch use
, price required to be paid in cash TO pay
the costs and expenses OF the sale, or
otherwise; and the successful bidder wifi
/ % credited on account OF the purch ase
price Of the securities with tho sums paya
bic out o: such net proceeds on such bonds
and coupons so turned In.
The Trustee or any holder or holders OF
said Collateral Trust Four Per Cent. Gold
Bonds OF International Traction Company,
In person or by attorney agents, may
I bid for and pur chase said securities
The Trustee may from time TO time ad-
1ourn tho SAFE by announcement at the
;tms and place hxed for the sale or for
such adjourned sale. and may hold such
sale as 20 adjourned without further
notice
Dated New York. April -, 1919
GUARANTY TRUST COMPANY OF NEW
YORK. as Trustee under the Inden-
ture OF International Traction Com
ra7y dated ScvNnber l. 1914