The New York herald., 1921-06-09
FORECLOSURE SALE.

decree and hereinafter referred to as the
'tirsr Mortgage" of the Traction Company
being the property described In Article VI
% said decree land hereinafter referred TO
(a) all OF the shares Of the capital stock
authorized and Issued OF tho Union Railroad
Company. a corporation greeted by al Set OF
the General Assembly OF the State OF Rhode
Island. viz:
10000 shares of the ,psr vaiue Of sioo
each;
q, al OF the shares of the capita stock
Street Railway Company. corporation
created by an Act of the General Assembly
OF the State OF Rhode Island, via:
5000 shares OF tho par value or Sioo
each;
(c) 2.e9s shares OF the par value Of 500
eseh OF the 5000 authorized and issue
OF the State Of Rhode Island:
Il any. to which The Traction Company was
a. the date OF said decree OF Nav S, 1927.
or shall thereafter become. eut.tied under
ana by Virtue OF certain agreement on-
tween the. Traction Company and the said
nniSn it oaH Rairoaa Company bssE'ng date tie
Gold Bonds Of said Onion Railroad coin-
pany authorized and issued amounting 10
S. 900. 900, dated July isS i, isoc. due July i.
iSl2. ard secured by q mortgage dated July
:. isea, to Industrial Trust COMPANY.
teJ all The rights, benefits and securities.
- any. TO which the Traction Company vas
become entitled undor and by virtue OF two
ssertain serrtnain asreaments. eech dated March /.
!SeS. one thereof between the Traction Cora.
pauy and the Pawtucket Street Railway
Company. and the other between the Trsc-
zion Company and the Providence Cable
~ any rights or claims there may be
IN favor Of the Traction Company arising
out of the use and occupation OF the prop
Pawtuciet Street Raiiwe- Company. and TIE
Providence Cable Tramwly Company by tho
receiv:rs Of The Rhode Island Company
IN the c2use therein pending entitled JOHN
y Orr. complainant. w. The Rhode Island
a4shg B. oropsrS aStsqS.n and FSS MS IN ss
net snblec1 70 the FIRST Mortgsge lhere,n
cuding but without limitation the following
.(sl the following shares OF capital stock
oS'eco ov, shares OF the par value o, Sio2 saeh
ban Railway Company. corporation created
Sy an Act OF the General Assembly Of tho
state OF Rhode Island; being al OF ths
snd issued
(o) all the right, title and interest OF the
traction Company In and TO certain office
furniture, fixtures. materials end supplies
located at the office Of the Company In the
City OF Providence. Rhode Island:
teS any righta or claim there may be
out Of the use end occupation OF the prop
critics Of said Rhode Island Suburban Raft
Island Company heretofore appointed by said
| Superior Court IN the cause therein pending
fS9,sd Ssods 1..ng Onp = Orr complainant VI Ts
No. $685." and any ether rights or claims
OF the Traction Company OF whatsoerar
nsture n,..a ,c or eh9raeter whether against T;o
gage OF the Traction Company.
70 Re oa sna Of he Of q sh'
! Intending purchasers are hereby referred 60
raid decree OF foreclosure aud Sale and seia
As more fully provided by said decree to
J. The sale directed by said decree will bs
The Special Master viii 's first offer for sale,
in one parcel as an entirety. ali and singular
and sale adjudged TO be embraced IN or un-
der and subject to the lien Of the First Mort:
n Article VI of said decree cSe.ng psrcel As.
and VIII note the highest bid therefor.
The Special Master VIII next offer for sale,
Fl one parcel ss an entirety, all other prop
eity OF the Traction Company adjudged by
raid decree not TO be subject to the lien Of
ard described in Article Xf Of said decree
tbeing parcel b, and win note tho highest
| bid therefor.
The Special Master will then offer, for sale
IN one lot ana as an entirety all the property
described In Article VI and IN Article NJ OF
said decree, and previously offered for sals
and wili note The highest bid therefor.
Al bldg fer said parcels separately shall be
received and noted only upon the conditions
hereinafter specified.
If the highest bid received for the whole Of
SAID property when SO offered FOR ssle az al
entirety shall sarsi & o. exceed s;s the assrssa.e
offered for sale In separate parcels as here
inabovs provided. then the Special Master
property as an entirety 20 such bidder sub.
| ject to confirmation Of the sale by the Court
". however, the hishest bid received for ssid
property, when offered az AZ entirety, shall
bs less thar the aggregate amount OF the
sevaral highegt bids for said property. when
provided. then the Special Master will accup,
the highest bid received for each parcel OF
SAD property when i ,, 9sfsred %, separately =,
such bidder subject 20 confirmation OF the
sale by tho Court.
II. In making the sale directed By said
from from any biader Who shah not. prior to the
day OF ssl. aspos,t WIZ the specsi d msSter h. s
n! Dssss sSsS, t.i q a \: s %ss good ' BID
suG;sct 20 the lien OF the First Norlsegs
OF the Traction Company as described In
Article VI OF se!d decree. the sum OF
Ti,lrty-ryvo Thousand dollars IN cash. or
by certified chsci on som. national bank
or IN The CIV of Providence aceeptsbis
10 ;hs Spcc.ni Master. and made or on
dorsed payable 70 MS oroe.' ~ tEe optsoii
lars principal amount OF First Mo,tssgs
Ponds Of ths TTs ;t.on Cspary ssnss sn bearer
companisd by tbs interest warrants das
March /. isis. and subsequently,. may be
eeposit.a n leu Of cash SUE, such sepos S MAJ %
parity % n said a FYrs, Mortgage Bonds but ia
tho samo relative proportions;
cb) In care Of the property satudsst
by said decree not TO be subject 70 the
lien OF the said First Mortsass and de-
sum OF Ten Thousand collars I'm cash or
BY certified check ss aforesaid.
tcl In the case OF the property Dc,
Of 'iDI said decree. do as an entirsty. the sesrc.
gate OF such sums In cash or by certified
check as aforesaid, or the aggregate Of
which would be required under the. fore
going clauses (n) and nb) In order to
qualify. .hc bidder, TO BID for said prop
In lieu Of the deposit Of bonds and IN
requirements Of any OF tine foregoing
clauses. the Special Master may accept IN:
certificate or certificates OF any solvent
Sn or b.nspg kg FIRM secep,Sbie 10 the spseiai
Master, that II holds. subject 70 the order
Of the Special Master. nonas OK me a,'d ~,
interest warrant bonds. accompanied by the
required interest warrants.
Tho deposit hade by any Sidder for sepa-
rate ps reel may 40 far as applicable be sp-
be made IN order 70 qualify him 20. s;d for
the same property when offered tor SAFE
With the other property es an entirety; Any
will be returned 20 him when the property
shail have been struck off, The deposiy rs.
ceived from the euccessful bidcer or oiloers
thail by applied on account OF mo purenase
price OF tho property.
In case any bidder, upon the acceptance Of