Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1919-02-21

X -CA<A inns EALi< VI MAJ $3.50
Az PERSONAL PROPERTY
By virtue Of an order Of the Chancellor
or the state OF Delaware, made the iouItn
day OF February, A. y, 1919, wiz be ex-
posed TO sale. at public auction OF ven
THURSDAY. MARCH 8. 1919,
At IL O'Clock A. NJ,
AZ the County Court House, wilmington,
Delaware, the following described real anu
personal property, constituting all OF tne
assets Except cash and moneys due OF IN
hands Of the receivers) OF the Delaware
Water improvement Company, to-witi
PROPERTY COVERED BY LIEN OK
TRUST MORTGAGE.
All that certain piece or parcel OF ianu'
being and situate in the city Of New cas-
tie, New Castle hundred, county or 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 ana
Southern Railway Company, Francis qeh'
Janyier. ct al, and Of the Delaware hall-
road Company, containing one and eleven
acres, more or less.
Together with all and singular, the water
works and electric light plant. buildings
structures, MILL apparatus, engines, pumps
boilers, reservoirs, wells, arteslan Wells'
pipes, conduits, pipe lines, standpipe, by
drants, poles, wires, lamps, lines. fixtures
and such other real and personal property
belonging 10 the water company. appurte-
nant 20 the water works and electric llght
plant OF the water company IN New cas-
scribed lands or elsewhere, and whether
at the time Of the execution
and delivery Of the said mortgage or there
after.
Also. all the corporate franchises. rights
and privileges possessed, enjoyed and be-
longing to said Delaware Water Improve
ment Company, under and by virtue OF the
Laws Of the State of Delaware, includlng
contract with the Wilmington and Phila-
delphia Traction Company and a c0ntract
between the Wilmington and philadelphia
Traction Company, the Delaware wafer
improvement Company and the American
Power Company. but not including the
rights and, privileges given or
granted 70 said water company by the
Mayor and Council Of New Castle mere
matter described
Among the assets above mentioned are
included cast iron water pipe iald. dpoo
proximating sos feet 10 in, 5,2lb feet y
in, I5146 feet in, 1871 feet 9 In, and
672 feet in; 90 fire hydrants, Win
wives; 4S6 services two open wells, one
bored well: brick building; two Irlple66
pumps with combined capacity OF l,SoV
gallons per minute and special pump con-
nectiOns; one standplpe 20 feet diameter
and 100 feet high; and the tools ana APP
planes now IN use In the water service
iA miles No. wire, ~ miles NO. wire,
wire; 158 poles over 80 feet; 10 trans
formers, h. W; 40 arc lights nitrogen
illed), 400 c. P; 81 clusters; l3 lamps,
20 c. p. each); so glass insulators; %
cross arms; one starter, 300 ". 80 II. p
ivo transformers. Is X. w; one constant
current transformer, 10 n. W. one, CIR
,uit breaker, 80 Amp. 200 v, ana an tne
tools and appliances now in use In the cleo
PROPERTY NOT COVERED BY LIEN OR
TRUST MORTGAGE.
All the corporate franchises rlsnls anu
privileges possessed, enjoyed and belong
ng to said Delaware Water Improvement
Company, under and by virtue of the Laws
IF the State Of Delaware, under ana py
Mayor and Council Of New Castle, dated
November I, 1901 and under and by virtue
" a certain contract made between tue
said Delaware Water Improvement Com-
lany and the Mayor and Council OF New
Castle, dated March 16. 1908, as amended
ly another contract between the said Della
ware " alter Improvement Company ana
he Mayor and Council or New castle,
lated April 70, 1912, which were expressly
reserved and excepted from the lien OF
aid mortgage.
Copies OF the charter OF said Delaware
Water Improvement Company, the trust
mortgage. the ordinance Of the Mayor ana
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
cry, for New Castle county. where also
nav be seen a complete inventory Of the
assets OF said Delaware water Improve
'''' TERMS OF SALE.
The said real and personal property VIII
be sold free. clear and discharged of and
from all liens aud encumbrances. including
taxes and assessments thereon, created by
or recovered against the said Delaware
Water improvement Company.
The highest and best bidder or bidders
shall be the purchaser or purchasers. pro-
vided- however, that no bid VIII be re-
ceived from any person unless he shall first
deposit with the receivers. a certified check,
payable to the order Of said receivers, In
the amount Of one thousand dollars
Isl, 000l, and provided further, that each
Nnn HNu uN he frann of mn L. NFrfH
said bid what part thereof is for the prop
erty covered by the lien Of said mortgage
and what part thereof is for the property
not so covered.
After the bidding IS completed the re-
ceivers will return to the unsuccessful bid
ders the certified checks deposited as afOre
said, and will retain the, said check of the
highest and best bidder or bidders, who
shall. before the property is struck or TO
him or them, pay to the receivers, In add
ton to the said sum of one thousand dol
lars already deposited by such purchaser
or purchasers, an additional sum In cash,
which, with the said one thousand dollars,
shall equal ten per centum Of his or their
bid. In case any purchaser or purchasers
fail to make good his OF their bid, then
the said sum so deposited may, In the dis
cretion Of the Chancellor. be applied to the
expense Of a resale and towards making
good any deficiency or loss in case the
property shall be sold at price less than
that brought at this sale, either upon an
Immediate resale or upon a resale upon
! second advertisement
The receivers will make return Of said
sale TO the Chancellor, at his chambers, In
the County Court House. Wilmington, Del
aware ON the nineteenth day OF March, A.
D. 1919, at II o'clock A. NJ. and the Chan
rellOr VIII, thereupon, make such order
with respect to the said return and the
confirmation Of said sale as shall, to him.
seem proper. and upOn confirmation Of
said sale, will prescribe the manner and
.crrns Of payment OF that portion OF the
Nv said rnrff-
led check and other payments as aforesaid;
md any bidder who shall fail TO comply
with such terms of payment so prescribed
IS aforesaid shall forfeit the amount
heretofore paid by him on account Of his
iipon the confirmation Of said sale ana
pursuant to the order for the payment OF
he balance Of the purchase price the pur-
,haser or purchasers may tender and apply
,onds and coupons of said Delaware Water
Company on account OF the
payment Of said balance, and sald bonds
md coupons win be received as payment
On account Of the purchase price for such
mount as shall be determined by the
Chancellor as being the approximate value
hereof I'm distribution OF the assets OF the
said company so realized on, and said
bonds and coupons shall, thereupon, be
and cancelled,
The property so sold viii not be delv-
red TO any bidder until his bid and the
ale thereby consummated, shall have been
Confirmed by the Chancellor. and then only
m accordance with such order as the Chan-
.eilor shall make touching the same.
Attendance will be given by
JAMES A. GLASSMOYER,
HERBERT H. WARD. JR..
of Delaware Water improvement
Company. or by S. ID. Townsend, Jr., Es-
quire, Edgar S. Richardson, Esquire, So
Iicitors for Receivers.
Attest: NORMAN z. CROUCH, Reg. G; g
Wilmington, Delaware, February 4, lSl9.
'eb1S-21-25-2S.
REAL EsTATE-FOR RENT.