The Little River news., 1921-09-17

ton gin known as the Union Gin near the Town of Foreman. in Little River l County, Arkansas, and all real and personal property thereto belonging or appertaining,
 (f) One complete gin located on Lots 1, 2, 3, 4, and 6, in Block 34, in the Town of Wilton, in Little River County, Arkansas, and all real and personal property thereto belonging or appertaining.
 (g) Lot 8, in Block 58, in the Town of Mena, in Polk County, Arkansas, and the cotton seed storage house and all machinery and equipment thereon.
 (h) One complete cotton gin lOcat- ed on Lots 1, 2 3, 4, and 5, in Block II, in the Town of ParalOma, in Sevier County Arkansas and all real and per- sonal property thereto belonging or appertaining,
 i) One complete cotton gin in the Town of Ben Lomond, in Sevier Coun- ty, Arkansas, and all real and person al property thereto belonging or ap- pertaining
 This parcel to include all the per- sonal property immediately connected with the Ashdown Oil Mill and all gin plants, seed houses and real estate tributary thereto.
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 The commissioner will Offer for sale separately the capital stock owned by the United Oil Mills in each of the fol. lowing named corporations and in the following amounts, viz:
 (a) McCurtain Cotton Oil Com pany, Idabel, Oklahoma. 800 shares, par value. $SO,OOO.OO.
 (b) Peoples Gin Company, McKa- mic, Arkansas, 100 shares, par value, $2,5O0.O0.
 Co Foreman Gin Company, Fore man, Arkansas, 400 shares, par value, $1O,OOO.O0.
 (d) Whiteman Bros. Gin Company, Haworth, Oklahoma, 200 shares, par value, $5,O00.00.
 (e) The Philadelphia Farmers Union Warehouse Company, Philadelphia, Arkansas, 2 shares, par value, $5O,OO.
 (f) Little Rock Laboratories Inc, Little Rock, Arkansas, 15 shares, par value, $375.OO.
 The commissioner will offer for sale separately en bloc all the notes. ac- counts and other evidences of indebt- edness, and all mortgages and deeds of trust and all other properties be- longing to the United Oil Mills and condemned to be sold under said decree not therefore having been of. fered for sale in previous parcels.
 The Commissioner will then offer for sale en bloc as an entirety all of the property, real, personal and mixed. of every kind and description whatso- ever and wheresoever situated. owned by defendnt, United Oil Mills. and condemned and ordered to be sold under said decree.
 After the property has been offered in separate parcels and in it's entirety. as above specified, the Commissioner will accept and report for confirmation the bid or bids which will realize the largest sum for the property offered for sale.
 Terms of Sale.
 The property will be offered for sale and sold on a credit. of three (3) months, and the purchasers will be required to execute bond with good security, bearing interest from date at the rate of seven per cent per an- mum, for the amounts due by them respectively on any purchases made at such sale, and a vendors lien will be retained on all real property sold for the purchase money thereof.
 In taking bids for the separate and several parcels of property. the high est and best bidder for each parcel will be required to deposit with the , commissioner $5,0OO.0O, either in cash or certified check for that amount, as an evidence of his good faith and to secure the performance and compile tion of his bid in the event that the property shall be stricken off to him; except that the successful bidders for the stock of the several corporations, above described, shall be required to deposit only ten per cent of the a. mount of their respective bids. In taking bids for the property when offered en bloc as an entirety each bid shall be accompanied with a de- posit with the commissioner of $25,- 900 %, in cash or a certified check for that amount, as an evidence of good faith and to secure on the part of such bidder the performance of his bid in the event of the acceptance thereof.
 In the event the judgment creditor. T, L. l.. Temple, as Trustee, shall bid in said property or any part thereof at the sale, no deposit shall be requir- ed of him to insure the performance of his bid, and no note, bond or other security shall be- required of him, ex- cept for such sum, If any, as his bid may be in excess of the amount of the decree in his favor. with interest thereon.
 The Commissioner will have and exhibit at such sale an inventory of all the properties, real, personal and mixed, which he will offer for sale, and any person desiring further in- formation regarding said property or said sale is requested to communicate with the Commissioner. Jas. H. Will Hams, at the office of the Circuit Clerk in Ashdown. Arkansas. Dated Sep tember 18th, 1921.-Jas. H. Williams, Commissioner. 10 1
 Warning OOder.
 xI,o itt1o D;xyoy Count