Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-26
LEGAL NOTICES.
NOTICE OF SALE

NOTICE OF SALE
Of securities, pledged under the trust in
0enture of Premier Motor Corporation of
New York, dated Nov. /, 1919, securing
year per cent Convertible Gold Notes.
supreme Court, County of New York
The Equitable Trust Company of New
York. plaintiff. against Premier Motor Cor
poration oe New York, defendant. county
clerks No. 3SS74-1921. BY virtue of the
decree Of foreclosure and sale duly made
ana entered in the above entitled action,
bearing date Oct. 3, 1921, I, the under
signed, referee IN said decree named. will
sell without appraisement at public auction
a. the exchange saiesroom, No. 14-16 Vesey
street in the borough of Manhattan, City
of New York on the eth day of November,
1921, at 2:3e o'clock p m. on that day,
the stock and notes covered by and EN-
braced in the trust indenture dated Nov.
l, 1915, made by Premier Motor Corpora
ton OF New York 10 the Equitable Trust
Company Of New York. trustee. as the
same are described and defined in the
above mentioned decree.
A brief description of the stock and
notes TO be sold is as follows: IA. sos shares
OF the par value of 500 each OF the com
mon capital stock OF Premier Motor Cor
poration, a Delaware corporation; sS51
shares of the par value of 500 each OF
the preferred capital stock Of the Pre-
rnier Motor Corporation. q Delaware cor
porAton; IA promissory notes on which
there Is now due S545, 900 principal and
accrued interest, made by the Premier
Motor Corporation, a Delaware corpora
uo1, payable on demand and protested
for nonpayment after demand and for the
following respective principal amounts: l
for sl92. coo, for $4,000. l for $4,000,
l for $4,000 for $40. 900, for $4,000.
l for IS coo, l for 5000.
Said stock and notes will be offered for
sale in the three following methods: First.
said preferred stock will be offered in
lightweight (SS) parcels OF 100 shares
each and one parcel Of 81 SHARES. said
common stock will be offered In one hun
dred forty-six (146) parcels OF 100 shares
q If Sol
notes Will be offered in separate parcels,
each note constituting one parcel Second.
All of said stock Will Be Offer as one
parcel and all Of said notes viii be offered
as one parcel. Third. All - said stock
and all of said notes will be offered as
one parcel and in entirety. Said stock
and notes win be sold in such OF the fore
going methods as will bring the highest
price in the aggregate for all the stock
and notes.
For the complete terms and conditions
of said sale. reference is hereby made 10
the above described decree of foreclosure
and sale on file IN the Office OF the clerk
Of the County Of New York and to the
terms and conditions Of sale true copy
Of each Of which may be examined at the
Office OF the undersigned referee or the
office OF the Equitable Trust Company Of
New York. trustee 81 Wall Street. Borough
OF Manhattan, City OF New York. A brief
summary Of certain Of said terms and con-
ditions Of sale follows: No bid will be ac-
eepted unless the bidder deposits with the
EeAeTee prior 10 TIE sale as a pledge that
he viii make good his bid in case Of its
acceptance, the sum OF s.. 900 in cash or
by certified check payable to the order Of
the referee on any bank or trust company
acceptable to the referee. Upon the &C
ceptance OF any bid and within twenty DAYS
after confirmation OF such sale the pur-
chaser or purchasers shall after the ap-
plication thereto OF any amounts thereto
fore deposited in cash or by certified check
make such additional payments in cash or
approved certified check on account of the
purchase price which in the aggregate will
be sufficient TO satisfy the cash require
ments OF said decree Within the time
aforesaid, the balance OF the purchase price
shall be paid in cash or the purchaser or
purchasers may make payment by deliver
ing to the referee to be cancelled or
credited ac provided In said decree I'VE
year per cent convertible secured gold
totes OF the Premier Motor Corporation OF
New York. dated Nov I. 1915 and unpaid
past due coupons appertaining thereto
The referee has the right 10 adjourn any
sale or sales The right OF resale is re-
served in case OF default by any successful
bidder.
The approximate amount Of the lien or
charge against the above described prop
erty Is $4So.2e4S4 with interest thereon
from Oct. 8. 1891. There are no prior
liens.
Dated New York. N, Y, Oct. ~, 1921.
GEORGE W. MARTIN.
Referee.
Sc Wall Street, New York. n. Y.
MURRAY. PRENTICE & ALDRICH
Attorneys for the Equitable Trust Com
pany Of New York, Plaintiff, 81 Wall
Street New York N