The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1919-09-09

of said check or bonds the
Special Master is authorized 10
ccept the certificate of the
Columbia Trust Company that it
holds subject to his order the amount
herein specified of said bonds In
bearer form accompanied by the cou
pons therein stated. The deposits re
ceived from the unsuccessful bidders
will be returned to them when the
property has been struck off. The de
pOsits received from any successful
bidders will be held by the Special
Master subject tC the ORDERS of the
Court and upon confirmation II the
sale will be applied on account Of the
purchase price of the property.
VI. In case any bidder after &C
ceptance of his bid by the Special
Master shall fail 70 comply within
period of twenty days with any order
of the Court requiring CT relating to
The payment Of the balance cf he pur
chase price then the sums depCSiteJ
by such successful bidder whether
n cash CT by check. CT represented
w bonds, will be forfeited as a pen
1ty for such failure and will be ap
1'ied to the expenses of a resale and
wards making good any deficiency
loss in case the property shaif
be sold at less price upon such
resale and to such ether purposes as
the Court may direct. If the Court
shall not confirm any sale the deposit
made by the accepted bidder shall be
forthwith returned to such bidder.
VII. After the sac of all Of the
property of said railroad company and
On notice 20 all of the parties in said
'auSe the funds arising from the sale
will be distributed under the orders
Of the Court fixine the relative rank
md dignity of all liens. incumbranc
IS and charges against the said prop
erty and the receiversnip thereon &C
2ording to their respective rank, dig
nifty and priority, No calm or charge
against said funds or the property of
aid railroad company will be entitled
to payment out of the proceeds OF the
ale unless a claim in respect the reof
shall be filed in said c3--~tt with.
hirty days from the date OF the COZ
firmation CT said sale or un
less the same shall be finally
determined by the Court to be emit
tied to payment out of said funds,
VIII. Provision is made in said de
cree for the joint execution of deed
or deeds to said property by the Soe
cial Master and the defendant Geor
gia Coast & Piedmont Railroad Com
pany and tho release Of all right, ii
tie and interest in said property by
the Guaranty Trust Company of New
York, as successor of the Morton
Trust Company, as Trustee, and the
Columbia Trust Company as Trustee
lnder the mortgages CT deeds OF trust
held by them respectively on said
property.
PLAN 8.
To offer all of the property of the
defendant railroad company from and
including the station of said railroad
at the town of Daricn, in Mcintosh
County, and extending to the town
of Collins in Tattnall County, where
the main line of the Georgia Coast
and Piedmont Railroad Company
Joins with the main line of the Sea-
board Air Line Railroad, with all the
appurtenances, buildings, houses, fix
lures, and including all of the rolling
stock of said railroad company lex
cepting the ten acre dump cars) las
a going concern, with all of the
franchises thereof, with the obliga-
ton to operate the railroad. (B)
To offer all of the property above de-
scribed with the right, privilege and
option to the purchaser to dispose OF
or dismantle the whole or any part
thereof,
The Special Master shall not re-
ceive any bid under plan one or plan
two. for the entire property as a 60
ing concern or as a dismantling prop
osition for less than the sum OF -Four
Hundred Thousand ($400,000 .OO dol
lars.
Dated this September s, 1919.
j. w. TALBERT,
Special Master:
Savannah Ga.
n n