The New York herald., 1921-06-16
FORECLOSURES SALE.

being the property described in Article VI
! q said decree tand hereinafter referred t.
(s) all OF the shares of the capital stocl
! authorized and issued of the Union Railroad
the General Assembly Of the State Of Rhod.
| Island. viz
10000 shares Of the par value of siot
[ each:
authorized and issued o.: the fANtuskei
street Railway Company. corporation
Of the state os az Of oSe ssnd fns sz
1000 shares q the par value OF slo'
each
tcl 2.99s shares OF the par value Of 500
each OF the 5000 authorized and issued
shares Of the capital stock OF the Providenee
created by an Act OF the General Assembl,
OF the state s, Of Rhode Island:
II any. to w Which, the sas fraction " Company wa.
At the date Of said decree Of May 3. 1921,
and by virtue Of certain agreement be,
tween the Traction Company and the said
Union }ni Railroad Company bearing date the I.
al of the First Mortgage Four Per Cent.
Gold Bonds OF said Union Railroad Coin-
5000 bonds Of Of the 'a ssgregate sa face Value Of
10000, dated July !. 1892, due July !,
isl2, an AND secured by 2 mortgage dated July
!. 1899, TO Industrial Trust Company
(e, all the rights. benefits and SECURITIES
q the date Of said decree, or shall thereafter
\ become entitled under and by virtue OF two
sertaln agreements, each dated March !,
pany and the Pawtucket Street Railway
Company, and the other between the Trac-
ZION Company and the Providence Cable
~ any rights or claims there may be
IN favor OF the Traction Company arising
( critics Of the Union Railroad Company. the
rawtucl.et Street Railwc-- Company, and the
receivers OF The Rhode Island Company
heretofore appointed hy said superior Court
IN the cause therein pending entitled Johi,
Urr complainant r, VS. The Rhade sses lsiand
B. All property. and interests In property,
OF the Traction Company. and OF It's receiver,
sometimes referred to as parcel BIZ, IN
Guiding but without limitation the following
(a5 the following shares Of capital stock
Of the capital stock Of Rhode Island Subur,
ban Railway Company, corporation created
State Of Rhode s'e Island. being ali Of the
capital stock Of said Company authorized
and issued;
@. all ths right title and interest Of 1.-THE the
furniture, fixtures, materials and supplies
located at the office OF the Company In the
ic) any rights or claims thcre may be
In favor Of the Traction Company arising
out OF the use and occupation OF the prop
I
way Company by the receivers Of The Rhode
Island Company heretofore appointed by said
superior Court in the cause therein pending
entitled s'.Tohn j. Orr. complainant. vs. The
Rhode Island Company, defendant, Equity
No. 1888: and any other rights or claims
nsture or character whether against The
Rhode Island Company or Its said receivers
OF otherwise M not subject TO the First Mort
For a more particular description OF the
property TO be sold and OF. the terms Of sale.
said decree of Foreclosure and sale and said
Final Order of Sale.
As more fully provided by said decree to
which reference is hereby made:
J. The sale directed by said decree will b
maze T,, " the following manns, I 81. .,..
IN one parcel as entirety, all and singular
the property by said decree o; foreclosure
and sale adiudged 70 be embraced in or un-
gage Of the Traction Company and described
In Article VI of said decree (being parcel ~.
md VIII note the highest bid therefor.
The Special Master win next offer for sale.
In one parcel as an entirety, all other prop
srtS Of 9Th. the Traction n Company adiudsed BY
the First Mortgage, Of the Traction Company
and described in Article xI Of said decree
theing parcel b. and Will note the highest
bid therefor.
The Special Master will then offer for sale
IN one lot and as an entirety all the property
said decree, and previously offered for sale
under said decree (betng parcels and 81
and yill 1ste the highest bid therefor :.
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 eN>eed the aggregate
OF the several highest bids therefor. when
inabove provided. then the Special Master
will accept said bid and strike off all said
az n5sty o to ssls sush ts
IT, however. the highest bid received for said
property. when offered as an entirety. shall
several highest bids for said property when
offered In separate parcels as herenabove
pre- hehsst bid received for each parcel 81
said property, when offered separately al
Aforesaid. and win strike off the same TO
such bidder subject TO confirmation OF the
sale by the Court.
IT, In making the sale directed by said
decree. the Special Master VIII accept no bid
from any bidder who shall not, prior to the
day of sale, deposit with the Special Master,
as a pledge that he will make good his bid
In she in sSenu the e' ca case of ali the property
subject to the lien OF the First Mortgage
of the Traction Company as described in
Thirty-Five thousand dollars in cash, or
by certified check on some national bank
or trust company IN The City Of ew YST *
dersed payable 70 his order. Al the option
of the sidder One Hundred rr.9 Th9u,snd dol
Ssrs' fsrs ss e ~ Hss'sp ss
simps"'ssa Marcs i. 1919. and subsequently,. may Be
deposited ir lieu Of cash. Such deposit may
be partly III cash or by certified check and
the same relative proportions:
tb, In case Of the prope,rys .rs.o adjudsss y gee
lien OF the said First Mortgage and de-
scribed in Article XI of said decree. The
sum OF Ten Thousand dollars, in cash or
by certified check as aforesaid.
(cl In the case OF the property De.
ssribed n Article vi ,rs,r and IN Article Ar x
gate Of such sums IN cash or by certified
check as aforesaid, or the aggregate Of
bonds of tn. character and to the amounts
going clauses fa) and (b) In order to
quality the bidder. to bid for. said prop
. erty when offered In said parcels.
|, In lieu of the deposit OF bonds and In
requirements OF any Of the foregoing
clauses. the Special Master may accept the
certificate or certificates OF any solvent
bank sak9E Yr o the SPECIFY
Master that II holds. subject TO the order
Of the Special Master, bonds OF the re,
interest warrant bonds. accompanied BY the
required interest warrants.
The deposit made ny any bidder for = sepa-
rate parcel may so fsv as applicable he ap-
be made In order to qualify him to bid for
the same property when offered for sale
with the other property as an entirety; Any
win be returned ~ him when the property
shall have been struck off. The deposit re-
ceved from the successful bidder or bidders
shall be applied on account OF the purchase
price 81 the property.
In case any bidder, upon the acceptance OF
his bid BY the Special Master. shall fall "a
comply. Within tile period OF twenty days
a. for thereof