Evening journal., 1919-02-25

~ tNo oule OF DciuWnro, muue inc ioultn
Jay of February, A. ID. 1919. VIII DO e1-
posed TO sale. at public auction or ven
THURSDAY. MARCH 8. 1919,
At II O'Clock A. NJ.
AZ the County Court House, Wilmington
delaware the following described real and
psrsonal property. constituting an OF the
sssets le1cent cash and moneys due or IN
Hhgnds OF the recelvers) Of the Delaware
nMs1eP nR6P,IB IdBmlERTTo'ement re Company to,wst on
TRUST MORTGAGE.
Al that certain piece or parcel Of land
Delng and situate IN the city Of New Cas-
We. New Castle hundred, county OF New
castle and State Of Delaware, on the west
erly side OF the public road leading from
New Castle 10 Wilmington, adjoining lands
Low or late OF Wilmington. New Castle ana
2Outhern Rail lway Company, Francis dell
Jhhyler ct. al, aud Of the Delaware Rail-
Louu company, containing one nnd eleven
one hundredths acres, more or less.
together with all and singular, the water
works and electric light plant buildings,
stI1ctufes, mill. apparatus, engines, pumps,
DoleThi reservoirs, wells, artesian wells,
Grants, poles wires, lamps, lines fixtures
euu huch other real and personal property
belonging to the water company. appurte-
nant 10 the water works and electric light
piaht Or the water company In New Cas-
tie, Delaware. whether upon the above de-
scribed lands or elsewhere, and whether
constructed ut the time Of the execution
after.
Also, all the corporate franchises. rights
ana privileges possessed, enjoyed and be-
longing TO said Delaware Water Improve
Lheht company, under and by virtue OF the
Laws OF the State Of Delaware, including
contract with the Wilmington and Phila-
uclphia Traction Company and a contract
between the Wilmington and Philadelphia
traction Company, the Delaware Water
Improvement Company and the American
franchises. rights and privileges given or
granted TO 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. APP
proximating 5jS feet 1G In, 5.276 feet IL
Ot2 feet ill.,; 80 fire hydrants, with
valves; 4S6 services; two open wells. one
bored well; brick building; two Triplex
pumps with a combined capacity Of 1900
gallons per minute and special pump con
nections; one standpipe, 70 feet diameter
ana l2O feet high; and the tools and ap-
piiances now in use In the water service
~ miles No. wire, IL miles No wire,
miles No. 6 wire and 5000 feet No. 10
wire; 1856 poles over 30 feet; 16 trans
CORNERS; = X W; AZ arc lights 9nitrogen
niled), 400 G, p; 81 clusters; q lamps,
20 G. =. each); 80 glass insulatOrs; 80
cross arms; one starter, 22O v. 35 IL. p;
two transformers, 10 X. w; one constant
current transformer, 10 h. w: one cir
cult breaker 80 Amp. $500 v, and all the
tools and appliances now in use in the elec-
tric service.
TRUST MORTGAGE.
All the corporate franchises, rights and /
privileges possessed, enjoyed and belong /
ing 20 said Delaware Water Improvement /
Company. under and by virtue Of the Laws /
Of the State Of Delaware, under and by
virtue OF the ordinance passed by the
Mayor and Council Of New Castle, dated
November ], 1904. and under and by virtue
Of certain contract made between the
SAID Delaware Water improvement Com
pany and the Mayor and Council of New
nHfIn. nn
by another contract between the said Della
ware Water Improvement Company and
ne Mayor and Council Of New Castle,
lated April II, 1912, which were expressly
reserved and excepted from the lien Of
said mortgage.
Copies Of the charter OF said Delaware
Water Improvement Company, the trust
mortgage, the ordinance Of the Mayor and
Council OF New Castle and the two con-
racts above referred TO may be seen on
lie IN the Office of the Register in Chan
,ery, for New Castle county where also
nay be seen a complete inventory OF the
issets of said Delaware Water Improve
nent Company.
TERMs OF SALE.
The said real and personal property will
be sold free. clear and discharged Of and
from all Hens and encumbrances including
taxes and assessments thereon. created nv
or recovered against the said Delaware
Water Improvement Company
The highest and best bidder or bidders
SHAH be the purchaser or purchasers. pro-
yided. however. that no bid viii be re-
,eived from any person unless he shall first
lepOsit with the receivers a certified check
payable 10 the order Of said receivers In
he amount OF one thousand dollars
$1,000, and provided further, that each
ldder snail state at the time Of making
ala Ola, what part thereof Is for the prop :
rty covered by the lien of said mortgage
nd what part thereof is for the property ,
ot so covered
After the bidding is completed. the re-
eiyers viii return to the unsuccessful bid '
ers the certified checks deposited as nfOre-
lid, and Will retain the said check Of the
lghest ana best bidder or bidders, who
hall. before the property is struck OF to
i'm or them, pay to the receivers, I'm addi-
on TO the said sum Of one thousand dol v
rs already deposited by such purchaser
E purchasers, an additional sum In cash. \
hich, with the said one thousand dollars
hall equal ten per centum Of his or their j
Id. In case any purchaser or purchasers =
III 10 make good his or their bid, then
ie said sum SO deposited may. I'm the dis
elton of the Chancellor be applied to the @
Ipense Of a resale and towards making j
oOd any deficiency or loss in case the =
ropcrty shall be sold at price less than \
vat brought at this sale. either upon an
IMMEDIATE resale or upon q resale upon q
The receivers will make return Of said
lie TO the Chancellor, at his chambers IN :
e County Court House. Wilmington. Del
ware, on the nineteenth day Of March. A. -
1919, at IL o'clock A. NJ. and the Chan Il
llor Will. thereupOn. make such order Il
ith respect to the said return aud the iii
em proper; and upon confirmation OF q
i'd sale, will prescribe the manner and :
rms of payment Of that portion Of the
lrchase price not covered by said certi- .,
"a check and other payments as aforesaid; =
ID any bidder who shall fail TO comply
tn such terms OF payment SO prescribed
aforesaid, shall forfeit the amount
eretOf0re paid by him on account OF his
id bid
Upon the confirmation Of said sale and
rsdant to the order for the payment OF I
q balance of the purchase price. the pur-
lser or purchasers may tender and apply
nds and coupons OF said Delaware Water
Company on account OF the
ymcnt of said balance, and said bonds -
coupons will be received as payment -
account Of the purchase price for such II,
.Ount as shall be determined by the Il
ancellOr as being the approximate value
,reOf I'm distribution Of the assets Of the
d company so realized on, and said
nds and coupons shall, thereupOn, be
rrendered and cancelled.
II TO any bidder until his bid and the ID,
lflrmed by the Chancellor and then only sn
lor shall make touching the same. Ia
JAMES A GLASSMOYER, a.
HERBERT H. WARD, JR.. VI
ceivers Of Delaware Water Improvement
luire Edgar S. Richardson, Esquire, So
icitOrs for Receivers. NJ
test: NORMAN p. CROUCH, Reg. G. 9 10
nj NFan.u uHNH 4