New-York tribune., 1921-04-27
MASTERS SALE


order claims Of the character and to the
amount therein specified. with proper
The purchaser will be credited on ac-
count Of the purchase price OF the property
by him purchased for an notes. obiiEa-
tioDs and GLAZING turned over to th~
Special Master In part payment Of tn
purchase price, such sums as arc 10 b-
paid i respect of such claims out OF the
proceeds Of the sale. as though the whole
amount of the purchase Price were paid
in cash. The urchasor VIII not be re
apired 10 pay account Of the purchase
price any amount in cash required for dis
tribution out Of the proceeds Of sale made
to such purchaser upon the respecrfve
notes, obligations. and claims entitled TO
share in the distribution of tho proceeds of
sale until ten days after said District Court
southern Division shall. on application or
or on behalf Of the holder OF any such note
obligation or claim. enter It's order or de-
cree cree directing payment in accordance with
such order Of such cash distributive share
upon such note. obligation claim
salq Court reserves the right to resell
upon such notice as said Court may direct
me property sold to any purchaser. in casa
such purchaser shall fail or omit to make
haiance Of the purchase price within the
period of twenty days after the entry OF
d" oroer requiring such payment
III. Upon confirmation Of The GA l. ,-a
purchase price Of the PROPERTY puroh,sss ., sns
price as 81 sha1 suon Portion Of such purchase
Of said Final DEGREES, be renulas pI9'.s'ohs hs
paaau paad IN advance OF the delivery Of the
,,non ana tfansfer BY the Special master or
sloh upon ,ne making by such purchaser OF
s1io, sly Dds'riet Court for the Eastern Dis
sfhiet shsi, OF Michigan, Southern Division,
ssei ssscute approve; s.. the Special Master viii
,.nstruments conveying. assigning ana
srtu s,ausaaTa'hg aad 10 such purchaser the prop
' ever' TO Article Twelfth OF the Final De
tnss, =, =, me, me SAID deed or deeds or other
or transfer will run and be asi5vssrns .i'sie1s n.
such purchaser his SUCCESSORS and assizns
aa.t,cp anu upon the production thereof or Of a
grantee or grantees therein named vii, 'hs hs
ret, le1 INTO into the possession OF the property 50
such delivery OF possession. hold, posses.
anu ano ENJOY the property so conveyed and
~, ION s an claims, rights, interest or equit.
81 ebue"palom the H,En o. IN or to the same by or
ana assigns sNws1 ana S6Smpany 6S N mt its
STOCK holders OF the Maxwell Company ana
nnder ny az o ol an other persons claiming by.
G lts creditors or stockholders. and by or or
an ad parties to the Causes hereina bove re-
Ierred to- but subject however. 10 the
compliance by the purchaser. his successor.
or assigns, with all conditions upon such
surShassr r. .n1d imposed s by said Final DEGREES
cree provides that the Receiver shall not
more more than twenty nor less than ten davs
7
SAD Final DEGREES file with tho ClerL n.
sac E1 a. IN unted States District Court for tn
DIVISION. an advisory statement or stata
anai lnen,s .l) showing and describing as
and 1 ieases to sb,eh all 6a
company or the Receivers may be nartfes
nbefore ""tS descrbsa ri say , Of the parcels there
leases are pertinent: (2) setting forth Ana aa
rcriy soly as may be- the property therein de-
3Si 81 -peu ana designated Parcel and
aitci Is, Te9peCtfVely
lorlh an taxes, liens and assessments snss
cpnrractnrs' and mechanics liens upon The
pIoPerty hereby directed TO be sold a,d
t speciiylng the PARTICULAR pieces of prop
cry, cry upon which the same respectively
snail constitute a lien Or charge
x Any purchaser shall have tho ~,a,,
70 erect not to take any part of the nron
Ely cry sold TO such pure chaser. by written
given at any time prior TO the executian o.
aeehVery of the deeds other Instruments
! No such election by the purchaser his .,,e
c, ssors or assigns shall diminish or affec-
chaser. ~ SUI" pof-
"A, AS provided in Article Twelfth Of said
FINAL DEGREES. the purchaser Of the prop
sry as an entirety Will be allowed one
year from the date of taking possession Of
the property sold within which to elect ~
aGopt or continue in force. or to refuse 10
adopt or continue in force. any lease ~ ~
other executory contract which NAV he IN
c@iuuea @ IN the property sold to such pur-
chasef ciae or which may constitute or be in
cluent thereto or be appurtenant thereof
Such right Of election reserved as ahova
s1atea snntsa WIN not apply to any contract or
INTO by the Receivers under or by author
ity Of said Court.
r.lsd M ara The : property property hereina bove desig-
na'eo ss1f ana nd, described as Parcel a will be
slons Of Article Seventeenth of the Final
Decree Decree which provides that if at any time
pItor TO the sale directed by said Decree
Chalmers Motor Corporation. having tilsd q
claim against the Maxwell Company with
1T Afh h
with Article Third of said Final Decres
snan hie ITS appropriate motion or petition
ana thereby assert the right of Chalmers
Motor Corporation to the delivery to r. oS
All or any part Of the property conprise1
IN Parcel therein designated. then and in
tna' event there shall not be transferred
! or delivered to the purchaser thereof eli
or any part of the property comprised In
SAID Parcel in respect of which any such
claim of Chalmers Motor CORPORATION it,
creditors or stockholders. shall be asserted
or any instrument of convevance transfer
OF assignment of such property. save ex-
pressiy subject to the provisions Of said
Artlcie Seventeenth. until the determine
District Of Michigan, Southern Division OF
such motion or petition. and that said
terfnine upon any such motion or petition
the right and title of Chalmers Motor Cor
poTation. Its creditors and stockholders to
any property comprises IN said Parcel A
and to direct the transfer and delivery
thereof TO Chalmers Motor Corporation its
successors and assigns. in lieu of directing
the transfer and delivery thereof To ths
purchaser or the same at the sale directed
by said DEGREES. but that in no event shall
any such determination direction de-
crease or affect the liability of the pur-
chaser or any such property at said sale
his successors and assigns to nav the nm
amount bid by said purchaser at said sal4
ioI the property comprised in said Parcel
A and that said Parcel shall be sold
subject in all respects to the provisions OF
sa id Article Seventeenth
MI Any of the parties to anv or the
causes above referred to and anv creditor
or any stockhoder of the Maxwell Com
pahE' or any other person whomSoevrr
may. SUBJECT to tn" provisions Of Article
seventh of the Final Decree bid at an
such sale and II a successful bidder. may
purchase in his or their own right
XIII. BY said Final D1s.-:-s said court,
reserve Tor future adjudication all ques-
crees.
For further particulars reference ir
hereby made to said Final DEGREES TO the
ADVISORY statements 10 be filed by the Re
celver as provided in Article Eleventh OF
sald rinal DEGREES and TO the records and
proceedings in said Causes on file in the OF
flee of the Clerk of the Dist rfct Court or
OF Michigan, southern Division, in Detroit
Michigan. in the Office of the Clerk of the
District Court of the United States for
the District OF Indiana. and in the ofYice ~
the Clerk of the District Court OF tho
United States. for the Southern District Of
ONO, Western Division
Dated. Detroit. Michigan, April g. 1921
WILLIAM S. SAYRES JR,
Special Master
SURROGATES' NOTICES