New-York tribune., 1921-05-11
MASTERS SALE
order, claims OF the character and 20 the
amount therein specified, with proper

sf sitDans .nsIetn speSASeu, "tth pl"P"e
The purchaser will be credited on ac-
count OF the purchase. price, of the propsrsy
tions and claims turned over to the
Special Master in part payment OF this
purchase price, such sums as are to DO
paid II respect of such claims out Of the
proceeds of the sale. as though the whoie
amount Of the purchase price were paid
in cash, The urchassr will not be re-
quired to pay on account of the purchass
price any amount in cash required for dis
to such. purchaser. upon the respective
notes. obligations, and claims entitled 10
share In the distribution OF the proceeds or
sale until ten days after said District Court
for the Eastern District OF Michigan.
Southern Division Shall on application of
or on behalf OF the holder Of any such mote.
obligation or claim, enter It's order or de
cree directing payment in accordance with
such order Of such cash distributiya share
upon such note, obligation or claim.
Said Court reserves the right TO resell
upon such notice said Court may direct
me sne propesty solo to any purchaser, in case
any payment on account of the unpaid
balance OF the purchase price within the
period, of twenty days after the entry of
an :. order recurring, such payment.
~, VII: Upon conarmation of the sale ard
pppohasey p peymsn prlne a., any purchaser q the
price as shall pursuant TO the provisions =
paid in advance of the delivery OF tSs
deeds or other instruments of CONVEYANCE
and ana transfer by the Special Master or
such provision for the paymept y ptlm thereof ss @
saia saict District Court for, the Eastern Dis
shall approve the Special Master viii
tuAscMuLe 80. M deed or deeds or other
ips,n ,rs,1sfnrss aftnsnts conveying, assigning and
erty sold TO such purchaser spbfect hoty.
ever ever to Article Twelfth of the Final De-
instruments OF conveyance or sxsie,y1a,t UonSF
or oi,,t " a~nslSr ~ VIII run and be delivered 10
snd sncn , purchaser, his successors and assigns,
sa..t sna upon the production thereof or OF =
grantee or grantees therein named viii be
Ie. INTO the possession of the property 80
conveyed or transferred and ehau after
such delivery of possession. hold, possess
lsu aransSn55roy Sn5oy tne property so conveyed and
from an claims, rights interest or euulfy
OF req emption Of, in or to the same By or
and assigns. and by or of the creditors oS
stocRhoiders of the Maxwell Company ana
under or through tho Maxwell Compary'
lts creditors or stockholders and by or os
an parties to the Causes hereinabove re-
compliance by the purchaser, his succe syors
or assigns, with all conditions upon such
TX. Article Eleventh Of the Final Ia
cree provides that the Receiver ehair NOR
nr'ae m9ee = taan n. twenty nor less than ten days
SAID Einal DEGREES Ole with the Clerk OF
said ga United States District Court, for the
Division, an advisory statement or state
ments % showing and describing as
denniseiy centnt as, as practicable all outstanding
Company or the Receivers may be parties
and 70 which, II any, of the parcels there
leases are pertinent; (2) setting forth as
1aiiy as may be, the property therein de-
gsri6sd Sc ai6eS and DESIGNATED as Parcei x and and
forth all taxes. liens and assessmenfS ans
nrnno,.t, ana mechanics liens upon the
specifying the particular pieces Of nron
erty, upon which the same respectively
sHSli constl.ute lien or charge.
70 eject not TO take any part OF the prom
erty sold to such purchaser by written
notice OF his election to the Special Master
given at any time prior to the executiors ~.
delivery of the deeds or other Instruments
o. o. conyeyanee from the Special Master.
&C ssors or assigns shall diminish or afYeot
the purchase price TO be paid by such pur-
As, provided IN Article Twelfth OF satd
FINAL DEGREES, the purchaser of the prop
erty as an entirety Will be allowed one
year from the date Of taking possession Of
the property sold within which to elect 10
adopt or continue In force, or to refuse to
aaopt or continue in force. any lease o.
other executory contract which may he IN
ciuaed IN the property sold to such pur-
cnaser ia Or which may constitute or be in
cloent thereto or be appurtenant thereof
Such rig hit OF election reserved as abova
stated VIII not apply to. any contract or
entered
| INTO py the Receivers under or by author
tty OF said Court.
xI The property hereinabovs desis-
mated and described as Parcel A will be
! sold in all respects subject TO the provje
sions Of Article Seventeenth of the Final
Decree which provides that if at any time
prior to the sale directed by said Decree
oIaa.L CInalmers Motor Corporation. having filed a
Slaip {n IN against against the Maxwell Company with
with Article Third of said Final Decree
sneA Hle It's appropriate motion or petition
NA Sohf -
motor Corporation to the delivery to it of
a. an 1eI or any part OF the property comprised
that event there shall not be TRANSFERRED
or delivered to the purchaser thereof Ali
said Parcel A in respect of which any such
claim of Chalmers Motor Corporation. its
creditors or stockholders, shall be asserted.
or any instrument Of conveyance, transfer
or assignment of such property, save ex-
pressly subject to the provisions of said
on by said pstrot court foe fof the Rasapn
District OF Michigan, Southern Division, Of
sneh Sn motion or petition, and that said
termine upon any such motion or petition
the right and title of Chalmers Motor Cor
poration. its creditors and stockholders. to
any property comprised 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 the
purchaser OF the same at the sale directed
by said DEGREES; but that in no event shall
any such determination or direction de-
crease or affect the liability of the pur-
chaser of any such property at said sale
his successors and assigns to pay the full
amount bid by said purchaser at said aala
for the property comprised in said Parcel
A, and that said Parcel shall be sold
subject in all respects to the provisions ot
said Article Seventeenth.
XII. Any OF the parties to any OF the
causes above referred to and any creditor
or any stockholder OF the Maxwell Com
pany, or any other person whomsoever.
may, subject to the provisions OF Article
Seventh OF the Final Decree bid at any
such sale, and IL a successful bidder may
purchase In his OF their own right.
XIII. BY said Fina! Dec=sco said Courts
reserve for future adjudication all oies-
tions not disposed of by said Final De-
For further particulars, reference il
hereby made to said Final DEGREES. TO tho
advisory statements to be filed by the Re
cetVer as provided in Article Eleventh OF
said Flnai DEGREES. and to the records and
proceedings in said Causes on file in the OF
flee OF the Clerk of the District Court oe
the United States, for the Eastern District
Of Michigan, Southern Division, in Detroit,
Michtga an, in the office OF the Clerk of the
District Court of the United States, for.
the District OF Indiana and in the Office oe
the Clerk of the District Court of the
United States, for the Southern District OF
Onio, Western Division.
Dated. Detroit, Michigan. April g. 1921
WILLIAM s.. SAYRES, JR,
Special Master.