The New York herald., 1921-06-16
FORECLOSURE SALE.

The Special Master win then offer for sale.
In one lot and as an entirety, all the prop
s sssrSed snS r,cs ~ A',ss MY ana ana dsa:
(being parcels A, and CO. and previously
offered for sale. and will note the highest
bid therefor
II the highest bid received for the whole
Of s"id property. when 50 offered Tor sale
as an entirety, shall equal or exceed the
aggregate OF the several highest bids there.
cells as herenabove provided, then the epsekxi
Master will accept said bid and strike off all
said property as an entirety to such bidder
Court. II. however. the highest bid received
Tor said property. when offered as an en-
tirety. shall be ley than the aesrssa.::
property. when offered in separate parcels as
hereinabove provided. then the Special Mas
ter will accept the highest bid received for
separately as aforesaid. and will strike Oft
the same to such bidder subject to confirma-
tion OF the sale by the Court.
will accept no bid from any bidder who i shall
the Special Master; :s = pledge that Re wiii
ceptance:
(al In the case Of the property subjs,s
to TO-, the n,, lien Of the P.wtuset Tiy,t Mort..ss
X5 the sum Of ssn mt thousand ds'5 dollars 'S! d
York or IN tho City OF Providence acceptable
S h e . H4Ssr d n: made sDos % Ss &c
amount Of .Pawtuxet First Mortgage Bond.
companied BY the coupons due July. /, 1919.
and subsequently. may be deposited in lieu
or BY certified check ana partly said
Pawtuxet First Mortgage Bonds. bdE in the
same relative proportions:
(b) In case of the property subject 10 the
lien Of the Cumberland First Mortgage And
described In Article Xxxv of said decree OF
foreclosure and sale (being Parcel b tbs
certified check. as aforesaid. At the option
Of the bidder twelve thousand dollars princi-
ond. IN BEARER Of o aS 5s r:
lieu of cash. Such deposit may be partly In
cash or by certified check and partly In said
Cumberland First Mortgage Bonds but In the
same relative proportions:
(c), In the case OF the property subject 70
the lien % OF the subgrSan Mortsege and a.;
sum Of thirty-five thousand dollars In cash.
epen ss certified e. s sss =: A. n:
IN bearer form. and. il coupon bonds: e.
snd Ss s. ss in s
Of cash. Such deposit may be partly IN
said Suburban Bonds but in the same rsia-
tive proportions:
(d) In theScass Of the property described IN
81 apa s.a IL dssHa: x x%y sS .
and sale (being Parcels A. and O.. as an
entirety. the aggregate. Of such sums
or or the aggregate w Of Bonds 'es Of the he charsctsr
and to the amounts which would be required
under IN erasa the ts sS.y Ss e, snS
In leu OF the deposi, OF bonds and cov-
Of any of the foregoing clauses. the Special
Master may accept the certificate or cor
stitution. trust company. or banking firm
acceptable to the Special Master, that i
SonSs S the the rssr. SrSh f ss n
companied BY the required coupons
separate spare parcel may may so % far T as applicabie he
applied on account Of tho deposit required
70 TO- be made in order to qualify him to BID
Any deposit received from an ansucos.sial
property p s Shall have es been " struck % cff The
deposit received from the successful bidder
or bidders shall be applied on account OF
In case any bidder. upon the acceptance
Of bis bid by the Special Master, shall fan
to O., comply Within the period oi twenty days
payment Of the balance of tho purchase
BY such accepted bidder. as hereinbefors
provided, viii be forfeited as penalty for
81 tire sRp M Ds o ra 20 sn ind
ard naking good any deficiency or loss. n
case the property IN respect Of which s,si, such
be sold at less price on such resale and
10 such other purposes as said Court may
direct.
If said Court shall deny an application 20
confirm any salt, the deposit made by any
accepted bidder at such sale shall thereupoD
be returned to such bidder
No minimum price Is fixed by said decree
Cf foreclosure and sale for the property 70
be sold or any parcel thereof but SAID Court
shall be subject to Just objection.
subject te confirmation BY said Court. "
III. Upon the . confirmation of any sale
payments Ia cash on account Of the purcnass
direct.
be required by the Court to be paid IN cash
may be paid ir cash. or the purchaser may
satisfy and make good the balanc. OF his hia
Special Master, to be cancelled OF credited
az hereinafter provided. the bonds and cos
on distribution thereof as set fort, in sail
decree of foreclo5ur. and sale. and clalsc
against the Suburban Company. or, again.
Cumberland Company. which have been cr
may be allowed and established IN said ccl
and are to be SO paid as provided ia Ar.ic!e
Xxvr of said decree Of foreclosure anf
q,
account OF the purchase price of the PIE
by him purchased, for all such bono
COUPONS and for all such allowed c.e':s
delivered to the Special Master In pa -
ment of the purchase price. with sucl su'
as would be payable IN respect OF sues
bonds. coupons and claims out of the pro.
ceeds of the sale or sales made pursuant -
said decree Of foreclosure and sale, if tie
whole amount OF tho purchase price Nfs'
paid IN cash.
Nv. ANY purchaser ct any Gale undo e.D
decree Of foreclosure and sale shall tahe tnc
property purchased by him and receive the
deed or oeeds therefor. subject TO all taxes
ehargeabl" upon such property for whicf,
such purchaser Is mao. liable and whici
such purchaser is required 70 pas by tie
laws Of the state of Rhode Island In force
at the time OF such sale.
The purchaser Of any property by said
decree OF foreclosure and sale directed to D,
sold shall also. as part OF the cons.deralloi
erty purchased. and IN addition to the svi..
bid therefor, take such property ana recelFs
the instrument or Instruments OF conveyance
and transfer thereof upon the express con
dition that he, or his successornl or assigns.
shall pay. satisfy and discharges.
(a) Any Indebtedness, obligations. or la.
psny ns's ana d Of ~ the receiver of the cambersSa
Company and OF the receiver OF the Suburoai
Company duly incurred In the causes here,o.
cause No 1885 pending as aforesaid In u.
Superior Court OF the State OF Rhode island
in the discharge OF their duties as such re-.
and the date OF the delivery by them OF pos.
session Of the property sold:
(b) ANY unpaid claims OF creditors OF ths
been or shall be admitted by the parties IN
interest or adjudged by said Court 70 be prior
In lien or superior In equity 10 the suous-
ban Mortgage
&c, Any unpaid claims OF creditors OF ths
defendant Pawtuxet Company which have
been or shall be admitted by the par'ies IN