Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-08-16
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LEGAL NOTICE,
CONTINUED.

~~~~~~~~~~~~~~~S~~S ~~SS|S~S~~s~~Ne~s~AAN~
be returned to the bidder The purchaser
shall pay in cash upon the confirmation
of the sale and from time to time there
after such further portions on account of
the purchase price as the court may di-
rect. The balance of the purchase prioA
not required to be paid in cash may either
be paid in cash or the purchaser may sat
tsfy and make good the balance of his bid
in whole or in part by turning in at their
distributive value to fbe cancelled or
credited any of the outstanding bonds or
coupons payable out of the proceeds of the
sale upon distribution thereof, namely, any
bonds or coupons secured by either of the
mortgages foreclosed by said decrse, to-
wit: The mortgage OF the Vincennes 9th
!, 1908, and assumed by the Vincennes
Traction Company, and the mortgage exc
cuted by the Vincennes Traction and
Light Company dated May l. 1905, and as
sumed by the Vincennes Traction Company.
The purchaser will be credited on ao-
count of the purchase price for bonds and
coupons turned in with such sum "a
would be payable on such bonds and cou-
pons out of the purchase price II the whole
amount Of the purchase price had bean
paid in cash.
The purchaser shall, as part of the
consideration and purchase price Of the
property purchased and in addition to the
amount of his bid, take the property sold
and receive a deed or deeds therefor upon
the express condition that he Will pay,
satisfy and discharge all unpaid indebted
ness or obligations legally contracted or
incurred by the receiver in the operation
or on account of the property sold at any
time prior to the discharge of such re-
ceiver and the purchaser shall also take
the property subject to the performance
by him. or his successors or assigns, of all
pending contracts heretofore lawfully
made by the receiver with respect to the
property sold, including the contract for
new street cars purchased by the receives
of the National Safety Car and Equip
under car trust agreement hereinabovs
referred to.
1t is provided in said decree that the
purchaser shall not be personally liable to
pay the beforeme ationed indebtedness and
liability of the receiver, but the same are
enforcible only against the property sold.
which the court reserves the right to re-
take and resell for that purpose. Pro-
vision is made in said decree whereby tho
purchaser has the right, in the manner
( therein stated to contest any f1debtedness
or lia bility so payable by the purchaser.
Upon the payment of the purchase price
bid by the purchaser, or upon ~ aking such
provision therefor as the court shall ap-
prove, and upon confirmation CT the salA
, the master Will execute and deliver to the
purchaser or his assigns a proper instr1l-
ment OF instruments Of conveyance as
signment and transfer of the property
sold under said decree, and upon the exec
cution and delivery Of said instrument or
instruments the grantee or grantees there
in shall be let into possession of the prop
erty conveyed, assigned and transferred
and the receiver shall deliver all the
premises and property sold which may be
/ in his possession under his control over
to the purchaser, his successors and as
/ signs. Tbs said decree further provides
I that all earnings and income derived by
said receiver from the operation OF an ao-
count of the property sold remaining in
! the hands Of the receiver at the date OF
the delivery Of the property to the pur-
chaser, or that shall come into the hands
OF such receiver prior to his disoaargs
shall he turned over to the purchaser 90
demand, or at his election shall be re-
tained by the receiver and applied by him
subject to the direction of the court to
the payment Of the Indebtedness and oblI-
cations OF the receiver which the pur.
chaser Is required to pay in addition to
his bid. After such delivery of the prem
ises the purchaser and his successors and
same and all rights, privileges, immunities
and franchises appertaining thereto az
fully and completely as ths defendant thu
NinCennes Traction Company. any OF
/ its predecessors or the receiver at any time
heretofore have held or now hold, pos
sessed or enjoyed the same. And the pur-
/ chaser and his assigns shall thereupon be
entitled to have and to hold the premises
! so conveyed free and clear of the lien and
: membranes of each of the said mort.
cages thereof foreclosed in said suit and
/ from each and all the liens and claims sGf
those claiming under them, save only as
to such liens or claims subject TO which
such sale IS made and as are expressly re-
( served in said decree.
( The sale win be made free from any ap-
I praisal. right of redemption or extension.
For a more specific description of the
premises to be sold, the liens and obliga-
ton to be assumed by the purchs ser and
Of the terms and conditions of such sale.
reference Is hereby made to the above
/ mentioned decree.
CHARLES MARTINDALE
Master n ChaucerE