New-York tribune., 1921-04-20
MASTERS SALE

order, claims OF the character and to ths
amount tierein specined. WITH proper
transfers thereof
rhe purchaser will be credited on
count OF the purchase price OF the property
By him purchased. fos all notes. obiisa
Special Master in part payment OF th-
purchase price. such sums az src 10 be
proceeds OF the sale as though the whole
amount OF the purchase price were paid
in cash The purchaser viii not be re-
uuired to pay on account of the purchase
price any amount in cash required for dis
tribution out OF the proceeds OF sale made
notes. Obligations. and claims entitled 70
share In the distribution of he proceeds OF
sale until ten days after said District Court
for the Eastern District OF Michigan
Southern Division shall. application ae
Of on behalf OF the holder of any such note.
obligation or claim. enter its order de-
cree directing payment in accordance with
such order of such cash distr:butive share
upon such note. obligation el0fm.
Said Court reserves the right 10 resell
upon such notice as said Court may direct.
the property sold TO any purchaser. in
any payment on account Of the unpaid
balance Of the purchase price within the
an order recurring. such payment.
,,,s,, snii, lpon confirmation OF the sale and
pppehass pppH psyfn prns oy ANY purehaser Of the
us .,a nun. or such portion OF such purchase
pr pfies ss,s as shall shall pursuant to tho provisions
paid in advance OF the delivery Of the
aneos or other Instruments of conveyance
upon the making by such purchaser %
such such provision provision for the payment thereof as
trict OF Michigan. Southern piv,.,on
snail approve. the Special Master viii
in., esseuts cute deed or deeds or other
transferring to such purchaser the prop
ever SOU 70 et,sIs 20 sven purchaser subject how
cree The said deed or deeds or ., ~
az 1'' tr.tn Oh conveyance or assignment
s spcb hfamslSr Will run and be delivered
sua sven purchaser. ms successors and assigns
r. ana upon the production thereof or Of a
ra,nsa erantss or copy op . or copies thereof the
| let into the possession OF tho property so
conveyed or transferred. and shall after
and enjoy tho property so conveyed and
transferred and every part thereof. free
from al claims. rights. interest or equity
OF the Maxwell Company. its successors
stockholders OF the Maxweu Comnanv ~ o.
by or of all other persons claiming bv
unoer or through the Maxwell Company
an parties to the Causes hereinabove re-
lerred TO; but subject. however. TO tho
asasn. Dy the a his
X Xrticis Eleventh Of the as' FinsI pesI'fs De-
prior to the date 1sd for the sale is" undss ndss
said United States District court en CsSrx sr ts o.
Eastern District OF Michigan, Southern
nents nys'0n "a an advisory advisory statement or state
definitely as practicable. all outstanding
Contracts and leases TO which the Maxwell
and TO which. If any. OF the parcels there
inoefore described said contracts and
uy as sre aS ee th 12 setting forth
scribed and designated Parcel and
Parcel 5o, -, B. respsctively: and (s5 setting
contractors and mechanics liens upon the
property hereby directed to be sold. and
specifying the particular pieces OF prSap-
erty upon which the same respectfully
shal constitute Sns. t lien or charge.
to elect not to take any part of the prop
erty sold to such purchaser. by written
notice motto, Of his election to the Special Master
gwen at any time prior to the execution or
delivery of the deeds or other instrumenfs
Of conveyance from the Special Master
&C ssors or assigns shall diminish or AFFECT
me purchase price to be paid by such pur-
As provided in Article Twelfth Of ,atd
Final DEGREES the purchaser of the prop
erty as an entirety will be allowed ors.
the property sold within which to elect to
adopt or continue in force. or to refuse to
other executory contract which may be IN
ciuaed In the property sold to such pur-
cident thereto or be appurtenant thereof
SUCH right OF election reserved as above
stated vi win not apply to any contract or
contracts heretofore or hereafter entered
into by the Receivers under by author
ity of said Court
mated and described as Parcel will Be
sold in all respects subject to the provi-
Decree which provides that II at any time
prior to the sale directed by said Decree
,a5l Cnaless IA Motor Cooperation having filed
In the period and otherwise in conformity
with Article Third OF said Final Decree
shall tile its appropriate motion petition
and thereby assert the right Of Chalmers
Motor Corporation to the delivery to it OF
all or any part of the property Comprised
in Parcel therein designated then and in
that event there shall not be transferred
or delivered to the purchaser thereof all
or any part of the property comprised in
said Parcel A in respect of which any such
claim of Chalmers Motor Corporation. its
or any instrument of conveyance, transfer
or assignment Of such property save ex-
Article Seventeenth. until the determine
lion by said District Court for the Eastern
District Of Michigan. Southern Division. of
such motion or petition. and that said
Court expressly reserve jurisdiction to de-
termine upon any such motion or petition
the right and title Of Chalmers Motor Cor
poration. its creditors and stockholders. to
any property comprises IN said Parcel a
thereof to Chalmers Motor Corpora ton, 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-
chaser of any such property at said sale
his successors and assigns. to pay the full
amount bid by said purchaser at said sale
for the property comprised in said Parcel
A. and that said Parcel shall be sold
subject in all respects to the provisions OF
said Article Seventeenth.
XII Any of the parties to any OF the
Causes above referred to and any creditor
any stockholder OF the Maxwell Com
pany. any other person whomsoeyer
may. subject to the provisions of Article
Seventh of the Final Decree. bid at any
such sale. and II successful bidder, may
purchase in his their own right
XIII. BY said Final DEGREES said Courts
reserve for future adjudication all ques-
tons not disposed OF by said Final De-
crees.
For further particulars. reference Is
( hereby made to said Final DEGREES. to the
advisory statements to be filed by the Re
cetver as provided in Article Eleventh OF
said Final DEGREES. and to the records and
proceedings in said Causes on fila in the Of
flee of the Clerk of the District Cocrt Of
the United States. for the Eastern District
of Michigan. Southern Division, in Detroit
Michigan in the office of the Clerk of the
District Court of the United States, for
the District of Indiana, and in the once of
the Clerk OF the District Court OF the
United States, for the Southern District Of
Ohio. Western Division.
Dated. Detroit, Michigan, April 8. 1921.
WILLIAM s. SAYRES. JR..
Special Master.