Evening journal., 1919-02-28
RECEIVERS SALE.

RECEIVERS SALE.
REcEIvERs' SALE OF REAL AN
~ PERSONAL PROPERTY.
by virtue Of an order Of the Chancelle
OF the State of Delaware made the fourt
day or February, a. ID. 1919. VIII DO eS
posed to sale. at public auction or ven
THURSDAY. MARCH 9, 1919,
= At II O'Clock A. NJ,
AZ the County Court House. Wilmington
delaware. the following described real an an
nehds or the receivers) OF the DelaWar
nmstsp ns Improvement Company, to,wit; -,
PROPERTY COVERED BY LIEN OF
TRUST MORTGAGE.
Al that certain piece or parcel Of land
s2eing aud situate In the city Of New Cas-
IIs, New Castle hundred, county OF New
castle and State OF Delaware, on the west
srly side Of the public road leading from
New Castle to Wilmington, adjoining land
low low or late OF Wilmington. New Castle anS
southern Railway Company. Francis deH
Jahsler. ct. al, and OF the Delaware Ran
roau company, containing one and clever
/ one hundredths acres, more OF less.
l-9sether with all and singular, the watel
works and electro light plant. buildings
structures. mill. apparatus, engines, pumps
uylieTs, reservoirs, wells, artesian wells
pipes, conduits, pipe lines, standpipe, by.
uIahts, poles, wires, lamps, lines. fixtures
and such other real and personal property
belonging 70 the water company. appurte-
haht TO tho water works and electric light
ba'hI ~ n 9d the water company IN New cas-
te, Delaware. whether upon the above de-
scflDed lands or elsewhere, and whether
constructed at the time Of the execution
and delivery Of the said mortgage or there
Also. all the corporate franchises, rights
ana privileges possessed, enjoyed and be-
longing 70 said Delaware Water Improve
Laws OF the State Of Delaware, including a
contract with the Wilmington and Phila-
delphia Traction Company and a contract
between the Wilmington and Philadelphia
iractiOn company, the Delaware water
improvement Company and the American
rover Company but not including the
franchises, rights and privileges given or
granted 70 said water company by the
Mayor and Council Of New Castle, here
matter described
Among the assets above mentioned are
included cast iron water pipe, laid. apc,
proximating 55s feet 16 in. 5.216 feet -
IN, 1916 feet In. 16.1si feet 8 In, and
OI5 teet In; 80 IRE hydrants, with
valves 4s6 services; two open wells one
bored well; brick building; two Triplex
pumps with combined capacity of 1,200
gallons per minute and special pump con-
hectlonsi one standpipe, 20 feet diameter
ana 10 feet high; and the tools and ap-
ldlances now in use In the water service;
ia miles No. wire, IL miles No. wire,
D miles No. 8 wire and 5000 feet No. 10
wire; 15o poles over 80 feet; 16 trans
died. 400 G r.; 81 cIusteTs aIS sn'' g DSsn lamps,
20 e. p. each); 90 glass insulators; so
cross arms; one starter, go ". 35 II. p.
swo sTSra5t tTanstoTmers 10 x W; one constant
cult breaker, 80 Amp. 1900 v, and all the
Tools and appliances now in use in the cleo
PROPERTY NOT COVERED BY LIEN OR
TRUST MORTGAGE.
All the corporate franchises, rights and
privileges possessed, enjoyed and belong
ng TO said Delaware Water Improvement
mmnnr hu vi of he "a
u the state Of Delaware, under and by
'irtue of the ordinance passed by the
dayor and Council Of New Castle, dated /
NoNember !, 1904 and under and by virtue 4
u certain contract made between the /
AID Delaware Water improvement Com i
any and the Mayor and Council Of New
'astle, dated March 16. 1905, as amended 1
y another contract between the said Della
lare Water Improvement Company and |
he Mayor and Council OF New Castle 1
ated April II, 1912. which were expressly
esserved and excepted from the lien Of
aid mortgage.
Copies Of the charter Of said Delaware
fater Improvement Company, the trust
lortgage. the ordinance of the Mayor and Il
'Ouncil Of New Castle and the two con-
racts above referred to may be seen on
lie In the office Of the Register In Chan
cry, Tor New Castle county. where also
nay be seen complete inventory of the
ssets OF said Delaware Water Improve
lent Company.
TERMS OF SALE.
AnN butu AGdl anu personal property Will
e sold free. clear and discharged OF aud
rom all liens and encumbrances including
axes and assessments thereon, created hy
u recovered against the said DeIaUa re |
Water Improvement Company.
Ihe highest and best bidder OF bidders
hall be the purchaser or purchasers pro-
lded; however, that no bid will be re
eived from any person unless be shall first
eposit with the receivers a certified check
ayable TO the order Of said receivers IN
lt le amount Of one thousand dollars
y l,OOO), and provided further, that each
idder shall state at the time OF making
I'D bid, what part thereof is for the prop-
~ covered by the lien of said MORTGAGE
70 what part thereof is for the property
After the bidding IS completed. the re-
ivers viii return TO the unsuccessful bid :
rs the certified checks deposited as afore- I
ID, ana VIII retain the said check Of the
gheet and best bidder or bidders who 4
all. before the property is struck of to s
N or them, pay TO the receivers, in addi- :
n 20 tne said sum Of one thousand dol
g already deposited by such purchaser Il
Iurchasers, an additional sum In cash | II
lch, with the said one thousand dollars p
ih equal ten per ceptum Of his or their -
!. IN case any purchaser or purchasers
] 20 make good his or their bid then (
said sum so deposited may, In the dis u
tion OF the Chancellor. be applied to the
lehse OF resale and towards making .
ID any deficiency or loss in case the L
'ncrty shall be sold at a price less than ii
{ brought at this sale. either upon an re
n'tudte re-sale or upon a resale upon r
iecond advertisement =
he receivers will make return Of said Y
e to the Chancellor, at his chambers. in \
County Court House. Wilmington. Del of
are, on the nineteenth day Of March ! al
1913, at IL o'clock A. NJ and the Chan -
or will. thereupOn. make such order -
h respect TO the said return aud the II
hrmation Of said sale as shall. to him. l.
~ proper ana upon confirmation Of a.
sale. will prescribe the manner and ri,
ms Of payment of that portion Of the MI
chase price not covered by said certi- -
check and other payments as aforesaid; N
any bidder who shall fail to comply Ii
b such terms OF payment so prescribed tal
aforesaid, shall forfeit the amounf 30.
,etofore paid by him on account of his u
bid. -
pom the confirmation OF said sale and :
s dant to the order for the payment OF -,
balance of the purchase price, the pur- ~
ser or purchasers may tender and apply Il
ds and coupons Of said Delaware Water cb,
Company on account Of the -,
mcnt OF said balance, and said bonds -
coupons will be received as payment Ne,
recount Of the purchase price for such -
unit as shall be determined by the n
ncellor as being the approximate value ,I
eOf In distribution OF the assets Of the -
company so realized on, and said ~
Is and coupons shall, thereupon be All
endered and cancelled. a
le property so sold will not be deIiv- -
TO any bidder until his bid and the
thereby consummated, shall have been -
rmed by the Chancellor and then only
'cordance with such order as the Chan-I
r shall make touching the same.
tendance viii be given by
JAMES A. GLASSMOYER,
HERBERT H. WARD, JR. Y
ivers Of Delaware Water Improvement | Z
mpany. or by ;. ID. Townsend. Jrs Es. )
ire Edgar = Richq rdgon Teuuira 60.