New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-13
MASTERS SALE

order. claims Of tbs character and TO ths
amount taereia 4peciaed. wil4 proper
transfers thereof.
The purchaser will be credited on ar-
count of the purchase price Of the properly
! by him purchased. for all notes. obDEa-
tons ana oiaisns 50 turned u me
Special Master part payment ii the
purchase price. such sums pc
paid respect OF such claims out IT sS-
I proceeds OF the saie as though the Whole
in casn rhe u..rrn ase- s-,j moi = 80
quired to pay account of the purchase
price any amount IN cash required for dis
triburion oct Of the procee ds Of sale made
10 such purchaser. upon the RESPECTIVE
notes, Obligations. and claims entitled 70
STARE N tbs aieAFlDRt4fn ~ he proceet = Il
sale Until ten DAYS after said District Court
for the Eastern District o. Michigan.
! southern Division shall on application Of
obligation Or claim, enter order or de-
cree directing payment in accordance WIKI
such order OF sacn casn aistributive share
upon such note. obligation or claim
Said Court reserves the right to resell
upon such notice as sad Court may direct.
the property gold to any purchaser. in case
such purchaser shall fan or omit 70 mage
balance OF the purchase price wi.hin Fhe
period OF twenty days after the entry OF
an order requiring such payment.
uro+, ~, =, ,., pom c9narTna .on q the sale
Upon payment by any purchaser Of ts.-
purchase price OF the property ror~tass-
by hirn, or such portion Of such purr m 3
OF said Final DEGREES be rs1s,iref 10 b.
PAD N advance Of the del.e.r y ~ tn.
an1 'Fsnsler ~ the Special Master or
upon the making by sucn purrhas.r es
ssia P Ie,s l2r hs payinent thereof
triet Of Michigan. Southern Division.
snsu approve tho Special Master viii
instruments conveying assigning ana
Transferring to sucn purchaser the prop
erty sold to such purchaser. subject. how
ever 10 Article Twelfth OF the Final De
cree. Ine said deed deeds or .ia-r
instruments of conveyance or assirnn.enr
ka d.
such purchaser hts successors and assigns
ana upon the production thereof or of q
grantee or grantees therein named viii he
let into the possession OF the property 50
hne ENJOY the property SO conveyed ana
1.o,aa a.. cams. rights interest or equity
OF REDEMPTION OF. in or 10 the same by or
4nd assignS. ana BY or Of the creditors OF
stockholders OF the Maxwell COMPANY and
: % or OF Al other persons claiming by.
under or through the Maxwell COMPANY
It's fFeditors or stockholders ard hv or OF
all parties to the Causes hereina bove re-
ierred to- but subject. however TO tn
l compliance by the pure haser his successors
or assigns. with all conditions upon such
: purchaser imposed by SAD Final i,er-ees
TX. Article Eleventh of the Final De-
cree provides that the Receiver shall not
more tAan twenty nor less tnan Ten days
4 said Final DEGREES file with the Clerk o..
< sald United states District Court for the
Division. advisory statement Or STAT
4 1lents % showing and describing az
1 dennlle!y as practicable. eli outstasi Z lrg
r Contracts and leases to which 1he Max,re
d Company o. the Receivers may be parties
6 ihpeloie described said contracts and
eases are pertinent. % setting fo~th as
a Iel.y as may be. the property therein d..
r Scrloed and designated Parcel : and
= Parcel 3. respectively: and 80 setting
= -ortn al taxes. liens and sSesslnents anS
., contractors and mechanics liens unon 80
"a he
specifying the particular pieces Of prop
e 10y, opo s wnlcn me same respectively
X Any purchaser shall have the rig hi
- 70 eject not u take any part Of the PROV
notice OF mis- election 10 me Special Na~te-
q gwen a any time prior TO the execution a.
r o. conveyance from the Special Nastar
y Nc such election by the purchaser, his sue
Il - ssors or assigns shall diminish or f.
. me purchase price 10 be pa.d by such pur-
II As provided in Article Twelfth Of saia
= tlnal DEGREES. the purchaser OF the prop.
~ a. an entirety WILL De allowed one
II year from the cate OF taking possession Of
the property sold within which 10 eiec, 10
& adopt CT continue in force OF to refuse 10
n adopt or continue in force. any lease or
x otaer execulory contract which nav be in
5 Guided IN the property sold 10 such pur.
II chaser or which may constitute or be in
o cldent thereto or De appurterant Thereon
IT Such right OF election reserved as ahoxs
u stated Wi! not apply to any contract OF
r; lty of said Court - A0'''0'
q II The property he-einabove desig.
x sold in all respects subject 10 tn u~ov1
: sions Of Article Seventeenth OF the Ffna
n Decree which provides that Il at any rim
% prior TO the sale directed by said Decree
=. - ShaIners Motor Corporation. having iled 4
= IN me period and otherwise in conformity
y with Article Third OF said Final Decree
sna sra he It's appropriate motion or petition
- Motor Corporation TO the delivery to IL OF
'r all or any part of the property comprised
3 that event there shall not be transferred
al or delivered TO the purchaser thereof all
o or any part OF the property comprised in
n said Parcel in respect of which any sue I.
st claim Of Chalmers Motor Corporation. IL
} creditors or stockholders shall be asserted
} or any instrument of Conveyance transfer
pressly subject to the provisions or SAID
" ton by said District Court for the Eastern
,r district CT Michigan, Southern Division. o.
Il Court expressly reserve Jurisd ction 10 de
. terrnine upon any such motion or petition
st poration. its creditors and stockholders tc
) any property comprise n Sal Parcel 4
Il thereof TO Chalmers Motor Corporation. IL
successors and assigns. In lieu OF directing
: the transfer and delivery thereof 10 the
= purchaser Of the same at the sale directed
n by said DEGREES. but that In no event shall
n any such determination direction de
crease or affect the Liability OF the pur
r. chaser OF any such property at said sa 2
: his successors and assigns, to pay the full
n amount bid by said purchaser AZ said sale
c for the property com prised IN said Parcel
$ a. and that said Parcel A shall be sole
{ subiecl in 81 respects to the provisions o
said Article Seventeenth.
. XII. Any OF the parties to any OF the
- Causes 1bove referred TO and any creditor
>. or any stockholder of the MaxH ell Com
- panA, any other person whomsoever.
- may, subject 70 the provisions Of Article
~ Seventh Of the Final Decree bid at any
y such sale. and II successful bidder, may
(, purchase in his their right.
Nill by said Final Decrees said Courts
reserve for future adjudication all Ques-
n lions not disposed Of by said Final De
e
r For further particulars. reference t-
= hereby made to said Final DEGREES. to the
Is advisory statements to BE- filed by the Re
y oelveT as provided in Article Eleventh OF
= said Final DEGREES and 20 the records ana
l. proceedings in said Causes file In he Of
: fee OF the Clerk OF tina District Court a.
= the United States. for the Eastern Dist ric'
. OF Michigan. Southern Division. IN Detroit
- Michigan. IN the Office OF the Clerk Of the
- District Court OF the United states tor
- the District or Indiana. and in the Office OF
n the Clerk OF the District Court o, the
~ United States for the Southern District 81
n ohio. Western Division
q Dated. Detroit. Michigan. April O. 1921.
II WILLIAM s. AYRES, JR..
n Special Master