Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-28
LEGAL NOTICES.
NOTICE OF SALE


NOTICE OF SALE
% securities pledged under the trust in
denture Of Premier Motor Corporation OF
New York dated Nov l. 1915, securing )
year per cent Convertible Gold Notes
supreme Court County of New York
The Equitable Trust Company of New
York, plaintiff. against Premier Motor Cor
poration OF New York, defendant. county
clerks No SSS7f-ls21. BY virtue OF the
decree Of foreclosure and sale duly made
and entered in the above entitled action,
bearing date oct. 3, 1921, l. the under
signed, r0feree IN said decree named. will
sell without appraisement at public auction
at the exchange salesrOOm. No. 1916 Nesey
street in the borough Of Manhattan City
OF New York. on the 9Th day OF November.
1871. Al 1880 clock p on that day,
the stock and notes covered b. and en-
braced In the trust indenture dated Nov
/, 1915. made by Premier Motor Corpora
ton OF New York TO the Equitable Trust
Company Of New York, trustee. the
same are described AID defined in the
above mentioned decree.
A brief description Of the stock and
notes 10 be sold is as follows; IA sos shares
of the par value OF 500 each Of the com
mon capital stock Of Premier Motor Cor
poration, a Delaware corporation: s.s51
shares Of the par value of 500 each OF
the preferred capital stock Of the Pre-
mler Motor Corporation. a Delaware cor
pore ton; l4 promissory notes on which
there is now due $545 900 principal and
accrued interest. made by the Premier
Motor Corporation. a Delaware corpora
uon, payable on demand and protested
for noupayment after demand and for. the
following respective principal amounts: l
for Sl32. 800. for $4,000 l for $50 600.
l for 81. O00 ! for $4,000, 3 for SIS 600,
l for So, GOO. l for 5000
said stock and notes will be offered for
sele in the three following methods First
said preferred stock will be offered in
eighty eight (SS) parcels OF 100 shares
each and one parcel Of 81 snares Said
common stock will be offered in one hun
bred forty-six U46) parcels Of 100 shares
each and one parcel of IS shares said
notes Will be offered in separate parcels.
each note constituting one parcel. Second.
All OF said stock will be offered as one
parcel and all Of said notes will be offered
as one parcel. Third. All OF said stock
and all OF SAID notes will be offered as
one parcel and in an entirety said stock
and notes will be sold In such of the fore
going methods as will bring the highest
price in the aggregate for all the stock
and notes
For the complete terms ard conditions
Of said sale, reference Is hereby made to
the above described decree # foreclosure
and sale on file in the office Of the clerk
Of the County OF New York and to the
terms and conditions Of sale. q true COPY
OF each Of which may be examined at the
Office OF t..e undersigned referee or the
once Of the Equitable Trust Company Of
New York. trustee 81 Wall Street, Borough
of Manhattan, City Of New York brief
summary OF certain of sale terms and con-
ditiOns Of sale follows. No bid will be ac-
referee prior to the sale as a pledge thas
he VIII make good his bid in case of its
acceptance. the sum OF IS 600 in cash or
by certified check payable to the order Of
the referee on any bank or trust company
acceptable to the referee. Upon the &C
ceptance Of any bid and within twenty davs
after confirmation of such sale. the pur-
chaser or purchasers shall after the ap-
phcation thereto of any amounts thereto
fore deposited in cash or by certified check
make such additional payments in cash or
approved certified check on account Of the
purchase price which in the aggregate will
be sufficient to satisfy the cash require
ments OF said decree Within the time
aforesaid, the balance OF the purchase price
shall be paid in cash or the purchaser or
purchasers may make payment by deliver
tns to the referee to be cancelled or
credited as provided in said decree five
year per cent convertible secured gold
notes Of the Premier Motor Corporation OF
New York, dated Nov. 1. 1915 and unpaid
past due coupons appertaininE thereto.
The referee has the right to adjourn any
sale or sales The right OF resale is re-
served in case OF default by any successful
bidder.
The approximate amount of the lien or
charge against the above described prop
erty is $4S0,294S4 with interest thereon
from Oct. 8, 1921. There are no prior
liens.
Dated New York, N. Y, Oct IL, 1921.
GEORGE W. MARTIN,
Referee.