The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1919-09-25
THE BRUNSWICK NEW

/ ceptanca ana confirmation by The
Court the SUM OF Ten thousand do
J lars in cash or by certified check III
on any National Bank or Trust CON
Dany in the State of Georgia or the
! city of New Yogi: acceptable 10 the
! Special Master and made or endorsed
payable to his order OF in lieu Of such
deposit in cash or by check one hun
dred thousand dollars face amoHnf OF
| first mortgage bonds in bearer form
! bearing coupons aipertain ing 10 sucl
| bonds, either Of the issue secured
! by The deed OF trugt to the Merton
| Trust Company as Trustee or Of the
issue secured by the deed Of tr4st to
the Columbia Trust Company as trus
tee or in lieu OF said deposit
I Of said check or bonds the
Special Master IS authorized to
ccept the certificate OF the
Columbia Trust Company mat it
holds subject to his order the amount
herein specified Of caid bends in
bearer form accompanied BY the ecu
nOns therein stated, The deposits II
ravel from tho unsu essfUl bidders
iii be returned to them When the
f0perty has been struck Of me d..
>ofitg received from any sracosqcu!
bidders will be held by the Special
Master subject to the orders Of the
Court and upon confirmation ii the
sale will be applied Oh account uf the
purchase price OF the property.
VI. In case any bidder after &C
ceptance OF his bid by the Specia,
Master shall fail ~ cc.nply wijLir a
period OF twenty days with any order
the Court requiring or relating tu
The payment Of the balance Of the pu..
base price then the s3iins depc&ite.;
by such successful bidder whether
IN cash or By check. CT repre- s4nteG
By bonds, viii be forfeited as q ren
atty for such failure and will be a.
Piled to the expenses Of Il resa,a and
AWards making good a2y deficiency
r loss. in case the property shall
Re sold at a less price upon such
esale and to euch ctler purposes as
the Court may direct. # r., Cour.
shall not confirm any sale the deposit
made by the accepted bidder shall be
forthwith returned to such bidder.
VII. After the sale Of all ct the
property of said railroad company ana
on notice 20 all of the parties in said
cause the funds arising from the sale
will be distributed under the orders
of the Court fixing the relative rank
and dignity of all liens, incumbraLc
es and charges against the said prop
erty and the receiYcrsnip thereof &C
cording to their respective rank, dig
nifty and priority. No claim or charge
against said funds or the property of
said railroad company will be entitled
to payment out of the proceeds of the
sale unless a claim in respect the reof
shall be filed in said court within
thirty days from the date Of the con
firmation of said sale or I'm
less the same shall be finally
determined by the Court to be enti
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 Spe
cial Master and the defendant Geor
gia Coast & Piedmont Railroad Com
pany and the release of all right, ii
tie and interest in said property by
t he Guaranty Trust Company of New
York, as successor OF the Morton
Trust Company. as Trustee, and the
Columbia Trust Company as Trustee
under the mortgages or deeds of trust
held by them respectively on said
property.
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 pop
osition for Jess than the sum Of Four
Hundred Thousand ($4O0,OO0. 00) dol
lars. u
]. VI TALBERr,
Special Master.
Savannah Ga.
. 9-16-23-30
PUBLIC SALE
State of Georgia, Glynn County.
Under and by virtue of the power of
sale contained in that certain deed to
secure debt executed by Georgia Will
liams to Brunswick Development Com
Sany, dated 21st day Of March, 1919
which deed to secure debt is record
ed in the office Of Clerk of the Su
Derior Court of Glynn county in Book
%, folio 252 the undersigned will sell
at public cutlery before the court
house door of said county, during