Every evening, Wilmington daily commercial., 1921-10-05
NOTICE
OF RECEIVERS SALE
OWEN-MAGNETfC MOTOR CAR
CORPORATION
NOTICE

OF RECEIyER'a SALE
oWEN-NiAGNETfC MOTOR CAR
CORPORATION.
Notice Is hereby given that pursuant
n decree OF the District Court OF the
United States for the District of Della
ware, entered on September IA. 1921. In
certain cause in equity pending In said
court, and wherein Uri r. Hungerford
~ complainant and Owen Magnetic Mo
TOR Car Corporation Is defendant for
the sale by Charles F, Ross. Robert
remington aud James r. harris, receivers
OF said Owen-Magnete Motor Car Cor
poraton by said court duly appointed I'm
said cause, OF all the real and personal
property OF said company; We, tho said
Charles + Ross, Robert Pennington and
James Z. Harris. receivers as aforesaid,
viii sell at public sale or auction, 90 the
highest bidder or bidders therefor. at the
front door OF the main business Office OF
salu company in the Borough OF Forty
fort, Luzerne county, Pennsylvania. upon
the premises OF said corporation, on
saturday, the Nth day OF November, 1921,
~ eleven o'clock In the forenoon. or on a
uay and at an hour to which the sale may
be finally adjourned. all of that certain
piece or parcel Uf land with the machine
shops and other buildings thereon erect
ca, and all of the. machinery and flxtures
connected herewith. together with the
automobile parts and materials c1nstitut-
ing the plant and property 81 Oven
Magnetic Motor Car Corporation describ~
tu as 1ull0WS. To wit.
said real estate Is situate in the Borough
OF Forty Fort. Luzerne county. Pennsyl-
Vania. aud consists Of one parcel of land
triangular In shape. c1ntai1irR eight
acres moro or less. aud lying adjacent 70
Harveys Lake branch Of the Jehigh Val
ley Railroad. and at distance OF All vt
three miles from the City of Wilkes-Barre,
Pennsylvania. A siding OF said railroad
runs into the plant. The buildings on
saiG land are ia good condition, and con
n gnnrrrfH ntItlGInu
with sawetooth. composition roof 600
feet by 40 feet In dimension. cJntail'iug
drafting rooms, offices. machine and as
sembly shops With an addition on side
at southeast end Of a one-story. brick,
saw-tooth. composition roof building. 2s4
feet ~ sc feet. divited into assembly,
testing, painting. annealnE and hardening
and boiler rooms with furthe. addition
of a one-story, frame building. leo feet ly
40 feet, with loading platform used as
stock room. and small frame addition at
north end for employment ahd time of
fee. There are also two frame shells
abou. 10 feet by ~ feet.
The outbulldlngs consist Of three frame.
one~story buildings llU.5 feet by 40 feet,
l05 feet by 20 feet and 229 feet by 22.5
feet, respectively. one twO-story frame
garage 7b 8 feet by " feet; one brick oil
house with composition roof. Is feet by
lO5 feet one wooden oil pump house.
a.3 feet by 10 feet: one wooden storage
shed. composition roof. 60 feet by l6 feet /;
feet by feet
MACHINERY AND TOOLS.
The machinery and toolo ars in excel
lent condition. and consist Of boring
lathes. milling machines. presses. saws.
jig fixture patterns. patterns for factory
equipment, punches, dies. molds. heat
treat equipment metallurgical supplies and
equipment, and miscellaneous sfrall tools
OFFICE FURNITURE AND
EQUIPMENT.
The Office furniture ana equipment con
| sists Of n large number of desKs, tables,
| chairs. typewriter desks. typewriters. add
| ing machines. dictaphone. safes, addresso-
| graph. files and other miscellaneous Of
| flee fixtures.
FACTORY EQUIPMENT.
| The factory equipment consists Of
power transmission equipment. electrical
/ equipment used in connection with power
| transmission. hangers. shafting betting.
| puleys, work benches tables. hose, auto
articles ordinarily used in manufacturing
/ plant.
AUTOMOBILE PARTS AND
MATERIALS
| Automobile parts and materials con
| sisting of large number of miscellaneous
| parts. and large amount of material,
| which can be used only in the manu-
facture of the Owen-Magnetic Motto
RAW STEEL AND OTHER
METALS
Raw steel and other metals consist o
large quantities OF Halcomb steel, keto
tool steel. high speed steel. tool stee
Special No. 20 and No. 10 steel, str1
steel, Special M-3l5 steel. welding rodi
copper wire, brass, copper and bras
E OUTSIDE INVENTORY.
The outside inventory consists OF auto
mobile parts partially completed, an
other materials sor the completion shereC
r ss.a.a AtwFr1
" or corporations. and which can use
| only in the manufacture OF over
} Magnetic Motor Cars. The orders 70
| said parts and materials wele stopped b
: reason of the appointmentfof 'eceivers fC
aid Owen-Ma snetic Motor Car Corpora
= tion and will be evilable in case th
B op ration of the factory and plant shoul
be resumed
) VIII first be offered for sale as an 1ntiret!
) and bids therefor will be received and rt
corded, said bids to be conditioned upo
a the sale of said property IN separate lo'
or parcels at higher price. The receiver
VIII hen offer said property Tor sale
separate parcels or lots as In their di'
cretion may appear most likely to Sbtai
the h CHEST price If the aegregat IL
OF said property so offered IN separal
4 parcels or lots shall exceed the highestost
Tor said property as an entirety, sal
: receivers will sell and deliver said pr0l
1 erty 10 the bidder or bidders IN separat
parcels or lots; otherwise said propert
! shan be sold TO the highest bidder Il
tine sa ne as an entirety.
said property will tie sold free and di
charged from all liens and claims incluC
ing taxes and assessments thereon.
The purchaser or purchasers at sal
z sale shall pay in cash to the receivers q
4 the time thereof all bids not exceediu
n the sum of One Thousand Dollar
n Isl, 900 OO). IL any bid or bids shall /
G in excess Of One Thousand Dollars (Sl OOl
Gh
pay in cash to the receivers at the tin
! Of sale. the sum of One Thousand Dolla
: ($I.00000) plus ten per cent 90 per cen
e Of that portion of such bid, which shall
!, and the balance of any such bid or bi,
u shall be paid in cash TO the receivers I
J, or before the day and hour fixed for tl
- return of this sale 90 wit: November
e 1921 at ten O'Clock in the forenoon
y Any bidder or purchaser of property
l such sale shall be permitted after su,
= sale and before confirmation therec
I, In lieu Of paying any unpaid portion
, his bid or bids as aforesaid. to apply
= the court for an order allowing him
y them TO furnish to the receivers a boI
- with surety, 10 be approved by the couI
= to secure the payment OF said unpaid b;
- ance of such bid or bids. on or befo
,,S such time as shall be prescribed i'm sa
= order. the court however reserving
T. itself the right TO refuse TO make a.
- | such last mentioned order, and inec ca
FL any such order should be made. the cou
A. further reserves the right TO cause a
II of said property TO be re-taken and re-so
4, \, in case the principal or surety in said bo
y ~ shall fail 10 comply with any order of {
~ court touching the payment of
- amount TO secure which said bond may
- given The court also reserves the rig
to make any other order IL may de,
a. wise touching the retention by the
n ccivers of the possession of the proper
n, 20 secure any part payment of the pl
=, chase price. for which said bond may
~ given until the amount secured by 5;