The New York herald., 1921-05-20
YoRncIosuRE SALE.
In Article xxxyI Of said decree. and VIII
note the highest bid therefor.


erty described In Article xxXIy and Artic.s
! xxxv and Article xxxvl Of said decree
offered t for sale. ana viii II; note 1 The s SSSsss
bid therefor.
II the highest bid received for the whole
OF said property. when so offered for sale
aggregate Of the several highest bids there.
for. when offered for sale In separate per.
GELS as hereinabove provided, then the Special
Master VIII accept said bid and strike oft et
said property as an entirety TO such bidder
subject to confirmation OF the sale by the
Court. II. however. the highest bid rAcsivsd
tirety, shall be iess than the aExree--s
amount OF tho several highest bids for saIa
property. when offered in separate parcsis ~
hereinabove provided then the Special Mas
ter will accept the highest bid received for
each parcel Of the property. when offered
separately as aforesaid. and will strike Oft
the same TO such bidder subject 10 confirma-
/, tion OF the sale BY the Court.
III. In making saic sale. the special Masssr
not. prior 10 To- ,s he day day Of II" sale deposis Vii.
| the Special Master, as pledge that he will
make good his bid In the event of its ac-
! ceptaace:
70 the lien OF the Pawtuxet First Mortsags
and described in Article xxxIv Of said
A. the sum Of fifteen thousand dollars IN
! cash. by certified check on some nstionsl
York or In the city OF Providence acceptable
to the special Master, ond made or endorsed
PpssSyable 70 his order Al the option Of N:
! amount Of Pawtuxet First Mortgage Bor6s
in bearer form, and. IL coupon bonds. ac-
and subsequently. may BE- deposited In lieu
OF cash. Such deposit may be partly in cash
or by certified check and partly in said
pswtuxet First Mortgage Bonds. but in ths
same relative proportions;
/ ID Ia case Of the property subject to tie
| lien OF tho Cumberland First Mortgage Ard
described in Article xxxv OF said decree OF
foreclosure and sale tbelng Parcel b the
certified check. as aforesaid. Al the option
! of the bidder Twelve thousand dollars prfnci-
pal amount OF Cumberland First Mortgage
| Bonds In bearer form may be deposited In
lieu of eash. Such deposit may be partly In
cash o. by certified check and partly 10 said
| Cumberland FIRST Mortgage BoEds but In the
same relative proportions.
tc,.. In the case of the property subject 70
/ the lien OF The suburban Mortgage and Dc.
foreclosure and sale theing Parcel Cj the
sum OF thir,y-flvs thousand dollars In cash.
option OF Tie bidder one hundred thousand
I dollars principal amount of Suburban Bonds
4 companied By the coupons due july j. 1915,
and subsequently,. may be oeposited Ia lteu
Of cash such deposit may De partly
said Suburban Bonds bnt In the same rela-
tiya proportions.
/ td) In the case Of the property described In
1 Article XxXvI OF said decree OF foreclosure
and sale tbsing Parcels A. and CO, ~ IN
sn.e'y me hv ai,sa aggi1sgats ,scn q .us suns
or the aggregate Of bonds OF the character
and to the amounts which would be required
| In order to qualify the bidder 10 bid fes
said property when offered In said parcels.
pons in accordance With the requirement,
of any OF the foregoing clauses, the Special
,;,s Master may accept the certificate or Ger
acceptable to % the ssi s,eciai Master. TIA, Il
| Master. bonds of the required character IN
bearer fern. and, II IN coupon form, Ac-
The deposi, ma made by any bidder for .
separate parcel may so far applicable bs
applied on account Of the deposit REQUIRED
saio with the other property as an entire.y:
bidder shall be returned to him when ths
property shall have been struck Of; Tue
I the purchase price of the property
/ in case any bidder. upon tire acespssnes
Of his bid BY blythe the Special Masye,: y , shall M isM
\ after the entry thereof, with any order
OF said Court recurring or relating 70 the
g'" pres then ts m nonsys Sss1 or bonds depo.tss
| by such accepted bidder, as tsreinbefors
ySh fauT. M and Ss m sGI'ses BE- sppe Il.
rnent of the expenses OF resale and tow
ss sss se any 81 which, Vi S'. :uS
accepted biider shan make eefauit. shall
. be sold at a less price on such resale and
direct.
II said Court shall deny AZ application te
confirm any salt, the deposit made by any
accepted bidder at such sale shall thereupen
be returned to such bidler.
of foreclosui. aud sale for the property 70
be sold or any parcel thereof: but said Court
has reserved full power and d,sefstaon dis ,S to
shall he subject 10 Just objection.
Every sale under said decree shall Be
III Upon the confirmation OF any sale
/ the purchaser shall make such payment or
payments In cash ON account Of the purchase
price as said Court may from time to tinis
| direct.
so much OF the purchase price as may not
be required by the Court to be paid IN easn
In whole. or In part by delivering TO the
I AZ hereinafter provided, the bonds and cou'
Z pcf.r t. be paid out OF the proceeds OF sac
| on distribution thereof set forth H.. said
| against the Suburban Company. OF againsf
the pawtuxst company; or against me
may be allowed and established in said con-
soidated cause. or said constituent causes.
XVI Are Of ssd "a deere. of % ioreeiosurs % and
I sale. TIE purchaser will be credited. on
@ 9 e o ni's m % hs soDs
COUPONS and for All such allowed claims -
! delivered TO the Special Master In part pay
I rnont OF the purchase price. with such SUM
bonds. coupons and claims out OF tire pre-
cecds Cf the sale sales made pursuant 20
said decree OF foreclosure and sale, II ts
( whole amount OF the purchase price we're
paid IN cash.
| Nv. ANY purchaser at any sale under said
| decree of foreclosure AID sale shall taxa he
property purchased by him and receive The
deed or decds therefor subject to all tAxes,
! assessments. and othsr public rnaress
charreabic upon such property for which
such purchaser IL mace liable ana Wnscn
laws Of the State OF Rhode Island In force
at the time OF such sale.
The purchaser of any property by saia
decree Of foreclosure and sale directed 20 %
for and OF the purchase price Of the prop
| erfy purchased, and In addition TO the svm
bid therefor, take such property ana receive
the instrument or instruments OF conveyance
/ dillon that he. or his SUCCESSORS or assigns.
shall pay. Hatisfy and discharge:
(sl Any Indebtedness, obligations. Or "a
biities Of the receiver OF the Pa~tuxet Com.
PAM and OF the receiver OF the Cumberland
Company ard OF the receiver Of the Suburbnn
Company duly Incurred in the causes hereto.
fore conso!ldsted into said eonsolldstsd
Superior Court OF The State Of Rhode Island
| IN the discharge of their duties as SUCH re-
ceivers between the date of their appointment
/ and the date OF the delivery by them OF pos.
session of the property sold,
fbD Any unpaid claims Of creditors OF ths
| defendant Suburban Company which have
been or shall be admitted BY the parties IN
! IN lien or superior IN equity 70 the suour'
I ban Mortgage
tc) Any unpaid claims OF creditors o. tho
dotenoant psw,unet COMPANY when hass
| interest or adjudged by said Court 70 -
prior IN lien or superior In equity to the Paw