The New York herald. [volume] (New York, N.Y.) 1920-1924, 1921-06-02
FORECLOSURE SALE.


OF said decree land hereinafter referred TO
as parcel Al to wit:
(s) all of the shares OF the capital stock
authorized and issued OF the Union Railroad
Company, a corporation created by an Act of
the General Assembly OF the State of Rhode
Island. viz:
10000 shares of the par value of 500
each:
OBJ all of the shares of the capital stock
s sIth9rized and issued Of the Pawts9ik,st
created by an Act OF the General Assembly
Of the State of Rhode Island. viz;
5000 shares OF the par value or 500
each:
Cc) 2.9es shares of the par value OF 500
each OF the 5000 authorized and Issued
shares OF the capital stock of the Providence
created by an Act of the General Assembly
Of the State of Rhode Island:
If to %hds sh hs anS
at the date of said decree OF May 8. 1921.
pr shall thereafter become. entitled under
tween the Traction Company and the said
Union Railroad Company. bearing date tho
all Of the First Mcrts s Four pP Per- Cent.
Gold Bonds of said Union Railroad Com
pany authorized and issued amounting to
81. 900 600. dated July T. 1892. due July 1.
1872. and secured by a mortgage dated July
!. 1892, to Industrial Trust Company,
(e, all the rights. benefits and securities,
u any, to which the Traction Company was
become entitled under and by virtue OF two
certain agreements. each dated March !.
pany and the Pawtucket Street Railway
Company. and the other between the Irac-
Tor ton /, Company and the Providence Gable
tp any rights or claims there may be
IN favor of the Traction Company arising
critics OF the Union Railroad Company. the
Providence Gable Tramway Company by the
~ Wac Jela nv
heretofore appointed by said Superior Court
In the cause therein pending entitled John
Company. Defendant Equity No 1893
y. All property. and interests In property,
OF the Traction Company. and of its receiver,
not subtece to the First Mortgage (herein
sometimes referred to as parcel BIZ, in
GLIDING but without Limitation the following
(a) the following shares of capital stock
5000 shares of the par value of 500 each
OF the capital stock of Rhode Island Subur-
ban Railway Company. corporation created
State Of Rhode Island. being all of the
capital stock Of said Company authorized
(b) all the right. title and interest OF the
Traction Company in and to certain office
furniture. fixtures. materials and supplies
located at the office OF the Company In the
(c) any rights or claims there may be
In favor Of the Traction Company arising
e out OF 81 sa Use ana OF the
way Company by the receivers of The Rhode
Island Company heretofore appointed by said
Rhode Island Company. defendant, Equity
aaa any Stner rights Or
nature or character whether against Tho
Rhode Island Company or its said receivers
or otherwise not subject to the First Mort
gage of the Traction Company.
For more particular description OF the
20 are Of herebv nefepred to
said decree Of foreclosure and Sale and said
Final Order of Sale.
which reference Is hereby made
I. The sale directed by said decree will be
The I Master viii fPst for SALE
N N one parcel as an entirety all and singular
the the property prop by said decree OF foreclosure
der and subject TO the lien OF the First Mort
gage OF the Traction Company and described
and will note the highest bid therefor.
The Special Master will next offer for sale.
erty Of the Traction Company adjudgepd fY by
raid decree not 20 be subject to the lien OF
the First MoItsage Of the Traction Company
(being parcel b. and win note the highest
bid therefor.
The Special Master will then offer for sale
In one lot and as an entirety all the property
described In Article VI and in Article XI OF
said decree. and previously offered for sale
under said decree (being parcels A and b,
and VIII note the highest bid therefor
All bids for said parcels separately shall be
received and noted only upon the conditions
hereinafter specified.
II the highest bid received for the whole OF
said property when so offered for sale as an
entirety shall equal or exceed ,,, the agsregate
offered for sale In separate parcels as here
inal owe provided, then the Special Master
property as an entirety TO such bidder sub
ject TO confirmation OF the sale by the Court.
property. When offered as an entirety, shall
be less than the aggregate amount of the
several highest bids for said property. when
offered In separate parcels as hereinabove
provided. then the Special Master win accept
the highest bid received for, each parcel of
aforesaid, and will strike off the same to
such bidder subject TO confirmation OF the
II. In making the sale directed by said
decree. the Special Master VIII accept no bid
from any bidder who shall not, prior to the
as pledge that he will make good his bid
In the event of it's acceptance
subject In 10 the the en Of the FTss oTsasy
of the Traction Company as described In
Article VI OF said decree, the sum of
by certified check on some national bank
or trust company in the City Of rew York
or IN the City OF Providence acceptable
TO the Special Master. and made or en-
dorsed payable to his order. At the option
OF the bidder One Hundred Thousand dol
flin' and i interest warrant bonds. &C.
D
March j. 1910, and subsequently. may be
deposited In lieu of cash. Such deposit may
! be partly I'm cash or by certified check and
partly IN said First Mortgage Bonds but In
/ the relative proportions
obl In case OF the property adjudged
! lien OF the said First Mortgage and de-
scribed in Article X1 Of said Decree the
sum OF Ten Thousand dollars in cash or
By. certified check as aforesaid
scribed In Article VI and in Article XXI
4 OF said decree, as entirety, the aggre-
gate OF such sums In cash or by certified
! check as aforesaid. or the aggregate OF
which would be required under the fore
/ going clauses (a) and OBJ In order to
! qualify the bidder to bid for. said prop
/ erty when offered in said parcels.
terest warrants in accordance with the
I requirements OF any OF the foregoing
clauses. the Special Master may accept the
certificate or certificates OF any solvent
/ or banking firm acceptable 10 the Special
Master, that Il holds, subject to the order
! Of the Special Master. bonds OF the re,
CURED character In bearer form. and, "
Interest warrant bonds. accompanied by the
required interest warrants
/ The deposit made by any bidder for seps-
rate parcel may so far as appliceble De ap-
/ piled on account of the deposit required 20
! the same property when offered for sale
/ With the other property as an entirety: Any
/ deposit received from an unsuccessful bidder
WIN be returned 20 him when the property
ceived from the successful bidder or bidders
| shall be applied on account OF the purchase
/ price OF the property.
In case any bidder, upon the acceptance OF
/ his hid by the Special Master, shall fail TO
comply. within the period OF twenty day.
4 after the entry thereof with any order OF