Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-12
LEGAL NOTICE.
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NOTICE OF SALE
Of securities. pledged under the trust in
deuture OF Premier Motor Corporation Of
New FORK. dated Nov. !, 1916, securing
year per cent Convertible Gold Notes.
Supreme Court, County Of New York
The Equitable Trust Company of New
York. plaintiff, against Premier Motor Cor
poraton Of New York, defendant, county
clerks No. 3@S74-l9z1. BY virtue Of the
decree Of foreclosure and sale duly made
and entered in the above entitled action,
signed, referee in said decree named, will
sell without appraisement at public auction
At the exchange salesroom, No. 1916 Vesey
street In the borough Of Manhattan, City
Of New York. on the 9Th day OF November.
1921, Et II 80 o'clock ,. III. on that day,
the stock and notes covered BY and EN-
braced IN the trust iudenture dated Nov.
/. 1915 made by Premier Motor Corpora
tiou Of New York to the Equitable Trust
Company OF New York. trustee, as the
same are described and defined in the
above mentioned decree.
4 brief description OF the stock and
notes 70 be sold is as follows: 1875 shares
OF the par value Of 500 each OF the COM
mon capital stock OF Premier Motor Cor
porauon. Delaware corporation; S,S51
shares Of the par value Of 500 each OF
the preferred capital stock Of the Pre-
mier Motor Corporation, a Delaware cor
pOrauon; Ia promissory notes on which
accrued interest. made by the Premier
Motor Corporation. a Delaware corpora
ton, payable on demand and protested
for nonpayment after demand and for the
following respective principal amounts: 1.
for Sl32. 600 3 for $4,000. 1 for $4,000
1 for $27. 0o0, l for $4,000, for 5000
l for $4,000. for 5000.
Said stock and notes will be offered for
sale In the three following methods; First
Said preferred stock will be offered in
eighty-eIght $50 parcels Of 100 shares
each and one parcel of 81 shares. Said
common stock will be offered in one hun
dred forty-slx (14e) parcels Of 100 shares
each and one parcel OF So shares Said
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 viii be offered
as one parcel Third. All OF said stock
ana all OF said notes will be offered
one parcel and in entirety. Said stock
and notes will be sold In such OF the fore
going methods as Will bring the highest
price in the aggregate for all the stock
For the complete terms and conditions
OF said sale reference is hereby made to
the above described decree OF foreclosure
and sale file in the once OF the clerk
OF tho County Of New York and to the
terms and conditions of sale a true copy
Of each Of which may be examined at the
ONCE OF the undersigned referee or the
office Of the Equitable Trust Company OF
New York trustee, 81 Wall Street, Borough
of Manhattan. City of New York. A brief
summary Of certain OF said terms and con-
ditions Of sale follows: No bid will be ac-
referee prior to the sale a pledge that
he will make good his bid In case of Its
acceptance, the sum of 5000 in cash or
by certified check payable to the order OF
the referee on any bank or trust company
acceptable to the referee. Upon the &C
csptance Of any bid and within twenty days
after confirmation OF such sale. the pur-
chaser or purchasers shall, after the ap-
plication 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 In cash the purchaser or
purchasers may make payment by deliver
ing to the referee to be cancelled or
credited as provided in said decree FIVE
year 6 per cent convertible secured gold
notes OF the Premier Motor Corporation OF
New York dated Nov. l. 1916. and unpaid
past due coupons appertaining thereto.
Tho 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 tia above described prop
erty is R4s0.294.6t with interest thereon
from Oct. 8. 1921. There are prior
liens
Dated New York. N Y, Oct. II, 1921
GEORGE W. MAPTrN
Referee.
SO Wall Street. New YORK. y. Y.