The New York herald., 1921-05-26
FORECLOSURE SALE.

shall be admitted by the parties IN interest
or adjudged by the Court 10 be prior and
superior In equity to the lien OF the FRS;
Mortgage OF the Traction Company.
In the event of the insuffieiency OF the
proceeds OF sale to pay In full the amount
OF said charges. the Court reserves the right
, from time 70 time TO require payment OF the
deficiency by the purchaser or purchasers.
The Court reserves the right. In case the
two parcels hereinbefore described as
aspportion as between. said parcels the
the proceeds OF ssale and mentioned In the
foregoing clauses ta) TO (d) inclusive.
D., III. Upon the confirmation Of any sale.
payments in cash on account OF the pur-
chase price as the Court may from time to
time direct.
So much OF the purchase price as may
not be required by the Court to be paid IN
cash may be paid in cash. or the purchaser
may satisfy and make good the balance OF
his bid in whole or in part by delivering
to the Special Master. to be cancelled or
CREDITED sred as hereinafter = provided Firs.
N bearer form. and. II In interest war.
rant form, accompanied by the interest
warrants appertainins thereto, due March
OF the proceeds OF sale distribution
thereof set forth in said decree. and/or
claims against the Traction Company
which have. been or may be allowed and
established in said Equity Clause No. 4T0f
and are to be SO paid as provided In Ar
ficiency claims In respect of such First
Mortgage Bonds and the interest war
rants appertnining thereto which may be
allowed by the Court In favor OF tho
trustee of the First Mortgage of the Trac-
ton Company or of any OF the holders Of
its First Mortgage Bonds. In lieu of such
bonds or interest warrants or claims. the
Special Master may accept the certificate
or certificates OF any solvent bank bank
firm. acceptable to the Special Master that
i holds. subject TO his order. or subject
TO he Gder Of tho
TO his order. bonds of the required char
acter and Of the amount therein specified.
and: II In interest warrant form. accom-
panied by the interest warrants therein
specified. claims OF the required char
acter and. Of the amount therein specified
signments thereof transferring the same
TO the Special Master. The purchaser shall
be credited. on account OF the pureha SO
all such bonds and interest warrants and
for all snch allowed claims so delivered
70 the Special Master in part payment Of
would be payable in respect Of such bonds.
interest warrants. and claims out OF the
suant TO said decree II the whole amount
of the purchase price were paid in cash.
". BY said decree said Court has re-
served for its future adjudication all ques-
tions not disposed of by said decree.
For further particulars references Is
hereby made to said Decree OF Foreclosure
and TO the records OF said Equity Cause
No. 1901. and to the Advisory Report OF
the Receiver of the Traction Company to
be filed with the Clerk OF said Superior
Court pursuant to said Decree of Fore
closure and Sale. Further information may
also be obtained upon application TO the
undersigned.
Dated at Providence. r. T., May 10, 1921.
ARTHUR A. THOMAS, Standing Master
In Chancery and Special Master as afore-
said.
RICHARD B. COMSTOcK. Providence.
r. /.
EDWARDS q ANGELL. Providence, r. I.
ROPES. GRAY, BOYDEN 4 PERKINS.