Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-14
AUTOMATIC
28-351
LEGAL NOTICES.


NOTICE OF SALE
Of securities, pledged unSe= the trust n-l
denture of Premier Motor Corporation Of
New York. dated Nov. I, 1915, securing s.
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 'of New York, defendant, county
clerks No. 33S74-1921 BY virtue Of the
decree of foreclosure and sale duly made
and entered in the above entitled action,
bearing date Oct. 8. 1921. 1. the under
signed, referee in said decree named, will
sell without appraiSement at public auction
at the exchange saIesroOm, No 1915 Vesey
street in the borough of Manhattan, City
of New York, on the 9Th day * November
1921, at 1880 o'clock p. m on that day
the stock and notes covered by and en-
DraCed 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 described and defined in the
above mentioned decree.
brief description of the stock and
notes TO be sold is as follows: 1853 shares
Of the par value of 500 each Of the cyIn-
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. a Delaware cor
pOration; Il promissory notes on which
there is now due S545,0O0 principal and
Motor Corporation, q Delaware corpora
ton, payable on demand and protested
for nonpayment after demand ana for the
following respective principal amounts:
for s132 900. ; for $50, 600. l for $54. 600
for $4,000. ! for $4,000. for SIS. 900
I ! for 50, 000 I for IS. 600.
Said stock and notes will be offered for
sale in the three following methods: First
said preferred stock viii be offered In
eighty eight tSS parcels Of 100 shares
each ard one parcel of 81 shares. said
D
dred for1y-six G46) parcels of 100 share 4
each and one parcel Of 63 shares. SaidS
. 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
3 and all Of said notes viii be offered as
d one parcel and in an entirety. said stock
and notes will be sold Ira such OF the fore
going methods will bring the highest
price the aggregate for all the stock
and notes.
For the complete terms and conditions
cf said sale reference is hereby made to
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, a true copy
OF each OF which may be examined at the
Office Of the undersg ned referee or the
Office Of the Equitable Trust Company OF
New York, trustee, - Wall Street, Borough
Of Manhattan. City Of New York brief
summary Of certain Of said terms and con-
QltlpI OF sale follows. NO Do VIII De dc-
cepted unless the bidder deposits with the
referee prior to the sale a pledge that
he will make good his bid in case of itV
acceptance the sum OF - GOO in cash o.
by certified check payable TO the order o.
the referee on any bank or trust company
acceptable - the referee. Upon the
ceptance Of any bio and within twenty days
after confirmation of such sale. the pur-
chaser or purchasers shall. after the ap-
picatiou 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 IT cash the purchaser or
purchasers may make payment by deliver
ing 70 the referee to be cancelled or
credited as provided in said decree five
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 lien or
charge against the above described propN
erty is s4SO994S4 with interest thereon
from oct 3, 1921. There are no prior
liens.
Dated New York y. Y. Oct u. 1921.
GEORGE ". MARTIN.
Referee.
80 Wall Street New York y. Y.
Ia u . A " y L Z A