The Seward gateway daily edition, and the Alaska weekly post., 1920-11-26
OF SALE BY TRUSTEE

Trustee, for the use and benefit of the owners and holders of thirty, five year, eight per cent. bonds of the de- nom ination of five hundred dollars each, secured by ss.id mortage, cover. ing all the property and assets of the mortgagor, as specifically described and set forth in said mortgage to secure the payment of the total sum of FIFTEEN THOUSAND DOLLARS with interest thereon at the rate of eight per centum per annum, payable semi-annually;
 That the semi-annual payment of interest contracted to be paid upon said bonds is evidenced by certain in- terest coupons attached to each of said thirty bonds. and secured as aforesaid by said mortgage in regards to the payment thereof;
 That the interest due upon said mortgaged indebtedness upon Septem- Der 1st. 1917. as evidenced by the re- spective interest coupons attached to each of said thirty bonds of the de- nol.finaticn of Five Hundred Dollars, wa; and l., ully paid;
 That tho semi annual payment of interest upon said mortgaged indebt- edness, due to be paid on March 1st, 1918. ai evidenced by Coupons No. 2 attached as aforesaid. to each of said thirty bonds, was and is paid in part only; tkat is to say: payment of such interest in the sum of Three Hundred Dollars was made and appli- ed to the payment of the accruing in- tcrest coupons due on said date, upon Bonds numbered sixteen (16) to thir- ty (30) inclusive; that the sum of Three Hundred Dollars covering the amount of interest indebtedness due on March lst, 1918. upon Bonds numb cred one CD to fifteen u5) inclusive, is wholly unpaid;
 That by the terms and provisions of said mortgage any and all overdue installments of interest bear interest at the rate of eight per centum per annum until paid;
 That the accrued Semi-annual pay ment of interest upon said mortgaged indebtedness, due to be paid, under the terms of said mortgage, on Sept ember 1st. 1918, as evidenced by Cou- pon No. 5, attached to each of said thirty bonds. in the total sum of six Hundred Dollars was and is wholly unpaid;
 That default has been made in the terms and conditions of said mort gage, by failure to pay the interest, as evidenced by the interest coupons at cached to said bonds. as aforesaid, and ;uch default has continued for more han six months:
 That none of said thirty bonds, so IS aforesaid of the denomination of Five Hundred Dollars, each. numbered rom One CD to Thirty (30) inclusive, Ire. or have been, paid, and the total mount of said bonds, to-wit:. the sum # Fifteen Thousand Dollars is wholly ,npaid;
 That on January goth 1920, as shown by affidavit of the Trustee, which affi- lavit was made for the purpose of complying with the Compiled Laws of he Terlitory'of Alaska relative to the renewal of mortgages upon personal property within said territory, the to-
 al amount due. both principal and interest. was in the sum of Sixteen Thousand Nine and 99-100ths dollars l$16,OO9.99);
 That since said date of January 10th. 1920. further default has been made in the payment of interest cou- sons attached to said bonds as afore- ;aid. and the GATEWAY PUBLISH ING COMPANY has announced its in- ability to meet and pay it's interest coupons attached to said bonds;
 That thereafter. on the 7th day of September, 1920, by resolution adopt ed at a meeting of the bondholders, wherein more than a majority of said bonds were represented, in person or by proxy, the Trustee, to-wit, the Bank of Seward. was authorized to :ake possession of the property of the mortgagor, and to sell the same in ac- :ordarce with, the provisions of the crust Geed. without recourse, to pro- ceeding in court.
 THEREFORE, by the terms and of said mortgage, ppon the. demand therefor made. the Bank of Seward, Trustee aforesaid. ,!tes here " announce and give puh!ic notice that. after this notice sh:" hav" b.. published in the Seward Gateway for period of at least once week for ten weeks, a sale of all the property of the GATEWAY PUBLISHING covered by said mort gage will be held by said Trustee, for the purpose of paying off, cancelling or liquidating the mortgage indebted ness so represented by said bonds, with the unpaid interest coupons as attached to the respective, bonds.
 The terms of such sale are as fol- iows: For cash. Bonds in the hands of bona fide holders, for value, may be offered and rendered in payment of the amount bid. Possession to be giv- en shall be immediate. The right to the use of the name. "THE SEWARD GATEWAY" and "THE ALASKA POST" goes to the pur- chaser of the property covered by the 
 Date of sale, Saturday, the 27th day of November, 1920. The date of the first publication of this notice is the 17th day of September, 1920; the date of last publication of this notice cho1 ho Novounhep 9Efh 1Q4ns