The New York herald., 1921-06-21
FORECLOSURES SALE.


OF said decree tand hereinafter referred to
as parcel Az to wit:
(a) all of the shares of the capital stock
authorized and issued of the Union Railroad
Company. a corporation created by an Act OF
the General Assembly of the State OF Rhode
Island. viz:
10000 shares OF the par vaiue OF $i00
each:
OBJ all of the shares of the capital stock
authorized and issued OF the Pawtucket
created by an Act of the General Assembly
Of the State Of Rhode Island. viz:
5000 shares OF the par value OF 500
each:
Cc) 2.e9s shares OF the par value OF si0o
each OF the 5000 authorized and issued
shares of the capital stock OF the Providence
ereat.d by Company Sa
Of the State of Rhode Island;
.(d) all the rights. henefi,s and securities.
u any, to which the Traction Company was
At the date OF said decree OF May 3, 1871.
or shall thereafter become. entitled under
and by virtue Of certain agreement be,
Union Railroad Company. bearing date the
first day of March, 1898, and particularly
Of BonSs n First Of ssS aoD Sar psT
pany authorized and issued amounting to
200 bonds of the aggregate face value Of
1912. and secured by a mortgage dated July
trustee:
(e, all tho rights, b-nerits and securities
at the date of said decree, or shall thereafter
become entitled under and by virtue Of two
1893. one thereof between the Traction Com
pany and the Pawtucket Street Railway
Company. and the other between the So TraG.
Iramway Company:
Ct, any rights or claims there may be
IN favor of the Traction Company arising
critics of the Union Railroad Company. the
PPawtuclet Street Railway Company, and the the
receivers of The Rhode Island Company
heretofore appointed by said Superior Court
In the cause therein pending entitled John
!. Orr, complainant, VS.. The Rhode Islano
Company. defendant. Equity No. 1893"
b: All property. and interests In property.
OF the Traction Company. and of its receiver.
sometimes referred red to sa as parcel BIZ. In
Guiding but without limitation the following
(al the following shares Of capital stock
10000 shares OF the par value OF 500 each
Of the capital stock Of Rhode Island Subur,,
ban Railway Company. corporation created
State Of Rhode Island. being all Of the
capital stock Of said Company authorized
and issued:
Traction Company In and to certain Office
furniture. fixtures. materials and supplies
located at the office OF the Company in the
City OF Providence, Rhode Island
(cl any rights or claims there may be
In favor of the Traction Company arising
critics Of said Rhode Island Suburban Rail-
way Company by the receivers Of The Rhode
Island Company heretofore appointed by said
Superior Court IN the cause therein pending
Rhode Island Company. defendant. Equity
Of the Traction Company Of whatsoever
nature or character whether against Tho
Rhode Island Company or its said receivers
gnge OF the Traction Company.
For a more particular description Of the
property to be sold and Of the terms Of sale.
intending purchasers hereby referred to
said decree OF foreclosure and Sale and said
Final Order OF Sale.
which reference is hereby made:
J.. Tho sale directed by said decree will be
Ths spee hs viii frss offer for SALE
n one parcel as an entirety. all and singular
the property by said decree Of foreclosure
snge o.. the Traction Company and described
and Will note the highest bid therefor.
The Special Master will next offer for sale,
ery Of the Traction COMPANY adjudgea By
raid decree not to be subject to the lien of
the FIRST MoTtgnge 81 the Ct
(being parcel b. and viii note the highest
bid therefor.
Tine Special Master will then offer for sale
in one lot and as an entirety all the property
described IN Article vi and in Article XI Of
said decree. and previously offered for sale
and viii note the highest bid therefor.
All bids for said parcels separately shall be
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 exceed the aggregate
| of the several highest bids therefor, when
offered for sale In separate parcels as here
inabove provided, then the Special Master
property as an entirety to such bidder sub
)ect TO confirmation Of the sale by the Court.
~ vtv usiIa n n
several highest bids for said property. when
provided. then the Special Master. viii accept
the highest bid received for each parcel OF
S Win strike of te sas
such bidder subject to confirmation OF the
sale by the Court.
decree the Special Master VIII accept no bid
from any bidder who shall not, prior to the
DAY 0f plsdsc sst he viii viii ma make good his BID
IN tho event OF Its acceptance
In the sss en of f .ns all r4ss ias
Of the Traction Company as described in
Article vi of said decree. the sum of
BY 9'' certified e check on some national bank
or in tho CITY of Providence acceptable
sorsed ed payable to his order. Al the option
of the bidder One Hundred Thousand dol
lars principal Of wnst IN
FORM. and II interest warrant bonds. ac-
companied by the interest warrants duo
March 1919 and snrh dsoost may msy
be partly in cash or by certified check and
partly in said First Mortgage Bonds but In
| the same relative proportions:
| (b) In case OF the property adjudged
by said decree. not to be subject to the
lien of the said First Mortgage and de-
scribed in Article XI Of said decree, the
sum of Ten Thousand dollars In cash OF
by certified check as aforesaid.
scribed In Article vi and In Article Xl
OF said decree, as an entirety. the aggre,
| gate of such sums in cash or by certified
bonds OF the character and to the amounts
which would be required under the FORE
going clauses (s) and (b) In order to
euslify the bidder to Sd for said prop
In lieu OF tho deposit OF bonds and IN
terest warrants in accordance With tht
requirements OF any OF the foregoing
clauses. the Special Master may accept tbs
or banking firm acceptable TO the Special
Master, that II holds. subject to the order
OF the Special Master. bonds Of the the re; 2;
interest warrant bonds. accompanied py tnt
| required interest warrants.
/ The deposit made by any bidder for q sepa
rate parcel may so far as applicable be ap.
be made In order to qualify him TO bid fol
the same property when offered for sal,
with the other property as an entirety; An,
wifi be returned 10 him when the propertj
| shall have been struck off; The deposit re
ceived from the successful bidder or bidders
| shall be applied on account OF tho purchase
| price of the property.
i In case any bidder, upon the acceptance o
his bid by the Special Master. shall fail Il
/ comply, within the period of twenty day,
| oft nftv