The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-05

FINANCIAL NOTICES.


NOTICE OF SALE
Of securtties pledged under Indenturs Of
International Traction Company. dated
Trm.s Pea- IL, cen, s s;oId no,d Sona'e
Default having been made in the pay
ment OF the instalment OF interest which
became due and payable on January ].
1919 upon the Collateral Trust Four Per
Cent. Gold Bonds OF International Trac-
ton Company. and said default having
continued for period of ninety days. and
default having been made in the payment
of the principal of said bonds which by
declaration became due and payable
April 20. 1919.
NOTICE Is HEREBY GIVEN that Guar
Trustee under the Indenture Of Interna-
tional Traction Company. dated Novem-
Der 1, 1919. securing said Collateral Trust
-Four Per Cent. Gold Bonds. In the exer-
Trustee and by virtue OF n lien held by IL
as such Trustee. will offer for sale at pub
lie auction. at the Exchange Sales Rooms,
Nos. IL and 10 Vesey Street, in the Bor-
ough OF Manhattan and City of New York
(Which Is the city where such lien was ac-
quiredl. at 1880 o'clock T. NJ. on the
18TH DAY OF MAY, 1919, all and sinxu-
lar the securities pledged under said In
dsnture. which are more particularly do
scribed follows:
J. le7o75 shares OF the aggregate par
value Of sle,7 o7.5oo OF the capital stock OF
international Railway Company
$4,000 principal amount OF tho First
Mortgage Gold Bonds Of Tonawanda street
hai!road Company. due July l. 1922, bear
cceed Of trust to State Trust Company Of
New York City. as Trustee Guaranty
Trust Trust Company OF New York. successor
s. s5lS,0oo principal amount Of the First
Mortgage Cold Bonds Of Tho Niagara Falls
and Suspension Bridge Railway Company,
secured by ortgase deed of trust to
me Fidelity Trust & Guaranty Company
OF Buffalo. as Trustee, dated May 10. 1s9S.
s22,500 principal amount Of the First
Mortgage Gold Bonds Of Niagara Falls
Whirlpool and Northern Railway, due July
1923, bearing interest at SCI. secured
by mortgage or deed Of trust to The
| Fidelity Trust & Guaranty Company OF
Bunalo, as Trustee, dated July "a, 1924
. $4,000 principal amount Of Mortgage
Bonds of the TonSwAnda Electric Rail
road Company, due April I. 1927. bearing
| interest at 60 secured by mortgage or
deed OF trust to John Cunneen, as Trustee.
6. AL3iLOOO principal amount OF Re
, landing and improvement Five Per Cent
Cod Bonds Of lntsrnational Railway Com
pahy' due November !, 1852, secured by
! mortgage or deed OF trust to bankers
Trust Company, as Trustee, dated Novem-
! The said securities will be offered for
sale in one lot and as an entirety, and
VIII be sold to the highest and best bid
der. subject however. TO the conditions
| No bid will be received unless tho bid.
! Der shall have hrst deposited with the
| Trustee or the Auctioneer ffty THOUSAND
; dollars H5o.OOo) in cash. or a certified
check for that amount drawn upon bank
In the CITY OF New YORK. payable to the
completion OF the purchase OF sRid Sc
eurities In accordance with his bid and
these terms OF sale.
! CENTS for all deposits so made and will
Immediately after the sale return 70 tho
unsuccessful bidders any deposits made
The successful bidder will he required
70 stsn a memorsndnm Of his purchase
al ne time and place OF the sale. The
further notice at the ONCE Of tho Trustee.
No. ltc Broadway, New York city, within
seven DAYS after the sale. the deposit OF
the successful bidder being applicable In
part payment thereof. The securities vii
De delivered upon, payment of tho pur.
II the successful bidder shall fail to
complete the purchase OF said securities
IN accordance with his BID and these terms
~ sale. such bidder shall he liable N the
trustee for any loss or damage resulting
from his failure to SO complete said pur-
chase, including the expenses Of any re
sale of said securities, and the Trustee
may hold the deposit Of such bidder ana
apply the sama to the payment ~ any
such loss ar damage
Tho successful bidder. rnr the purpose
~ making settlement or payment FOR tho
securities, VIII he entitled to turn in Co
% International Traction Company and
any maturcd and unpaid coupons thereof
In order that there may be credited as
paid thereon tho sums PAYABLE out Of the
net proceeds Of such sale to the holder
OF such bonds or coupons. as his ratable
share Of such net proceeds, after allow
ing for the proportion OF the total purchase
price required 70 be paid In cash to pay
the CosS and expenses Of the sale, or
otherwise; and the successful bidder Will
be credited on account Of tho purchase
price of tho securities with tho sums payl
Nj" out Of such net proceeds on such bonds
aud coupons 50 turned In.
Tho Trustee or any holder or holders 81
said Collateral Trust Four Per Cent. Gold
bonds Of International Traction COMPANY.
I'm PEARSON or by attorney or agents, ma
bid for and purchase said securities.
The Truste" may from time to time al
Nuurn tho sac hy announcement at the
time and place Fixed for the sale or fnr
such ad iournod sale, and may hold such
sale as 20 adjourned without further
notice.
Dated Sew Yori, April q. 1919
GUARANTY TRUST COMPANY OF NEW
YORK, as Trustee under the linden
ture Of International Traction Com
pany dated November I, 1912.
~ I, J. II SUTTON, Vice President
TO THE HOLDERS or EASTER>
PETROLEUM COMPANY PAYN is
SUI FIRST LIEN COILATERtJ