The Pascagoula chronicle. (Pascagoula, Miss.) 1905-1920, 1919-07-19

OF the mOrtgagor now owned or mere
after to be acquired. and also all rents
issues. and profits, tolls and other in
come of the said property of the mort
gagor. or any part thereof"
(S) And all other property of what
ever kind. character, or description
and wheresoever situated belonging to
the Pascagoula Street Railway & Pow
er Company.
| tT) Provided, however, that there
is excepted from the property herein
| above described the following prop
erty, which has been sold by the de-
PENDANT and released by the complain
ant. as Trustee, from the lien of said
deed Of trust:
l. Certain property sold to the Mar
tin Veneer Company, for consdera
ton of two hundred ($20O.0O) dollars,
and described as follows:
'All that part or parcel of land To-
Gated on westerly side of main line
track OF the Pascagoula Street Rail
way & Power Company from a line
twenty-five and one-half t22.) feet
from center of said main line track |
as now located being a part of the |
property purchased from Geo. Thomp- /
son by the Pascagoula Street Railway |
& Power Company"
q Also the following described
property:
beginning at a point seventeen feet
40 and six inches south of the point
where East margin of Telephone Road
is intersected by line drawn through
the center of the track of the Pasca-
thence southerly along east margin of
Telephone Road twenty-five (25) feet;
thence westwardly and parallel with |!
track fifty 500 feet; thence northerly
and parallel with said Telephone Road
thirty-five 1850 feet; thence easterly
with said railroad twenty-five (25) feet;
thence southerly and parallel with
Telephone Road ten 10O feet; thence
westerly and parallel with said rail
road track twenty-five (25) feet to the
All of the above described property,
rights, privileges and franchises shall {
be sold free from all interest therein
and all liens thereon of the complain
ant herein and of the defendant, the I
Street Railway & Power
Company as well as of all parties to Z
his cause, and of all pesons claiming
any interest therein or claims thereon E
through or under them or any of them. S
ILL., c
The undersigned Commissioner will D
'ffer for sale the above described pro- F
eparate parcels, namely:
(a) Franchises, separating the C
franchises of the Railway System C
rom the franchises of the Light and T
'ower System, and of the Water Com
any System A
%. Rolling stock of the railway ft
ystem. tr
tc). All other property herein above &
escrbed
Each of the above said parcels of ar
'operty will be sold to the highest ca
I'd best bidder, subject to the follow
G conditions dit
(a). After having offered the pro-
srty in three parcels, as above pro- CO
ded, the undersigned commissioner Fl
i'll offer all of the properties of the We
,fendant herein decreed to be sold as an
whole, and he will accept such bid Ky
bids, either in parcels or as a whole,
shall realize the largest sum from ia
e sale of all the properties. w
OBJ If for any reason the sale of Flu
e above described property shall not Su
completed on the day and within AID
e hours hereinabove named, the sale &
ii be adjourned from time to time ror
public announcement at the place SaI
reinabove fixed for such sale, and La
II, on the day to which said sale is sin
journed, proceed to make the sale Mf
said property. De
(c) The special commissioner will Ma
luire from each bidder before re- WI
living any bid from him, a prelimi- Jor
ry deposit of 100000 in cash, or a JOB
rtiiied check in that sum. The pre- I
linary deposits of unsuccessful bid N.
rs will be returned at the conclu- S
m of the bidding. Upon the ac- Gel
otance of any bid the purchaser will Y:
thwith deposit with the special com va,
ssiOner not less than 25%o of the N.
ount of his bid, either in cash or and
a certified check or checks on some T
tional Bank or Trust Company. Any Obi
III which may have been previously Nat
posted by such successful bidder as Obi
'iedge that he would make good his Van
, shall be applied on account of the Obi
cunt so to be deposited on the ac- Gin
,tance of his bid In case any bid G
shall fail to make such deposit Har
IN the acceptance of his bid, the Ser
1missioner shall forthwith again of Inc.
the property for sale, without fur Pa.
r notice or advertisement risb
d. Any OF the mortgage bonds or risb
pons of the Pascagoula Street Rail w
: q Power Company, secured by a Sc
'tgage on the hereinabove described Cha
perry in favor of the complainant, tano
Columbia Finance & Trust Com AL
y, trustee, will be accepted by the Met;
cial commissioner in lieu of cash fend