Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-21
AUTOMATIC
28-351
LEGAL NOTICES.
NOTICE OF SALE

NOTICE. OF SALE
Of securities pledged under the trust in
denture of Premier Motor Corporation OF
New York, dated Nov 1, 1916, 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
porauon of New York, defendant, county
clerks No. 33S74-1s21. By virtue Of the
decree of foreclosure and sale duly made
and 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
at the exchange salesroom, No 1915 Vesey
street In the borough of Manhattan, City
of New York the 9Th day of November.
1921, at 1890 o'clock T. m. on that day,
the stock and notes covered by and en-
braced in the trust indenture dated Nov.
l, 1916, made by Premier Motor Corpora
ton of New York to the Equitable Trust
Company of New York, trustee, as the
same are described and defined in the
above mentioned decree.
brief description of the stock and
notes to be sold is follows:, IA $50 shares
mon capital stock Of Premier Motor Cor
poration, a Delaware corporation; 1851
shares Of the par value OF 500 each OF
the preferred capital stock OF the Pre-
mier Motor Corporation, Delaware cor
poraEon; IA promissory notes which
there is now due s545,000 principal and
accrued interest made by the Premier
Motor Corporation, a Delaware corpora
ton. payable on demand and protested
for nonpayment after demand and for the
following respective principal amountsS
for $132p00, for $50 900. 1 for S54, 600,
for s27. 900. 1 for $4,000, 8 for SIS, 900,
for 50, 600, l for $1,000.
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 snares. Said
common stock will be offered in one hun
dred forty-siX (14e) parcels Of 100 shares
notes will be offered in separate parcels
each note constituting one parcel. Second.
All of said stock will be offered as one
parcel and all Of said notes will be offered
one parcel. Third All of said stock
and all Of said notes will be offered as
one parcel and in an entirety. Said stock
and notes will be sold in such Of the fore
going methods will bring the highest
price In the aggregate Cor all the stock
and notes.
For the complete terms and conditions
of said sale. reference is hereby made -
the above described decree of foreclos -
and sale or file in the Office of the clayk
terms and conditions of sale, true copy
Of each OF which may be examined at the
office OF the undersigned referes or the
office Of the Equitable Trust Company OF
New York, trustee, 81 Wall Street, Borough
Of Manhattan. City OF New York. brief
summary OF certain Of said terms and con-
dittons Of sale follows: No bid will be ac-
cepted unless the bidder deposits with the
referee prior to the sale as d pledge thaa
he will make good his bid in case of itr
acceptance. the sum OF 5000 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
mSnts 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 as provided in said decree I'VE
year per cent convertible secured gold
notes of the Premier Motor Corporation Of
New York. dated Nov. 1, 1915 and unpaid
past due coupons appertaining thereto
The referee has the right to 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 Hen o.
charge against the above described prop
erty IS $3.50. with interest thereon
from Oct. g. 1921. There are no prior
liens
Dated New York y 7. Oct. II. 1921.
GEORGE ". MARTIN