New-York tribune., 1922-11-29
vfra Tha ss..u...

wherever ussd fa thfa ssWasch ee&n
purchasers IL thers Be- ynoss incipdss
sra snciudss also the saenssa,..nan tnan ans
sts.. es " shy purchassr}, upor so ano ~
s,,r4ta sao ssIe or sales. must yeatsl
Ahtbher payment or payroents ss.isse sHse saea
scoouHt OF the purchase st. e cash o.
,i, s.o9Is raey from time TO tine az s .sls
MAKING payment Of thu rssts.fse sIafses h
oAo the Purchaser nnsy turn ..s ot hyt
special Master st their sistysht,sss.r % ths
ssoFts1ge Notes and coupon. :. ysias
ion. - cams with proper ,DIlgs-
tnorseI entitled 70 share In ~. S,ansfsry
ton Of the procseda Of eai. ss distrlbas
la the Final Decree, - get sofst
In lieu OF Mortgage No7..
or or such obligations or cist1asa .ooSupoas
ciai master may accept thn .pe Sps.
oI any national bank or tru.. raaeah
IN me City Of New York or Il s.oMpsag
OF Detroit, Michigan, acespfasI. ny Chg
ss@e hoios, subject to his ~ ~ nsfa.
speciaed amount OF MortSsea oloef,
eorapanied by the coupons tS..s.eosss tsosss u.
or OF obligations or clafyns ~ IN sg stssst
acter ther sin specified with nror.s sne chss
feYs thereof, Stepsr trasE
The Purchaser win a.
account cf the purchssa n.feS@ e.
property by him purchased ~ ths
gage Notes and coupons o. .sts Mort
or claims so turned oyer TO TIA ssLsa
fha
price with such sums az vsonfa psSfchss
In respect Of such Mortgage Ne es psf
coupons or obligations or otatr,es sc
the proceeds OF the sale n IS. ous
&nnount OF the purchase prfos -. ~. Ff&i
In cash. Tho Purchaser win NJ
auirea 70 pay on account OF the mr..
price any amount IN cash -saa,ssssasa
distribution out Of the proceeds ts
made TO such Purchaser upoa ~ as
spectiys Mortgage Notes ana eas.. .he fss
obligations or claims entitled ssss o.
In the distribution OF the NO.. ssaats
sale until ten dsys after said eo.ea eesas q
application OF or on behalf of sas ~ ss
OF any OF slch Mortgage Notss s,S sy.as
2one. Obligations or claims. sssn 0 casr
ts order or decree directing nsv-a sasT
accordance with such order Of 49, ..isa' 2
dfstributive share upon such 49, sasa
Notes and coupons, obligations ar s,f.ss ,,s&se
Said Court reserves a parsrno,,. -,
ana chsSge upon che property sola +, ~ =.
purchaser for the payment in fnn ~ ~ -.
purchase price thereof and reserves H.
right, upon such notice az esid c ~
may direct, to yetake ana rss.,t Soah aa
property sold to such Purchases - .a ~
he shall fail TO comply with any 49,
of said Court dit Getting payment =, ,.es 80
purchase price or any part thsrsas y.
the period of twenty days or Il A. ~ ~
peal be taken from any such arsss
the period Of twenty days after shs ...s AZ
leo OF notfce Of entry of tho oYdsr sr,i,s
Gfhrning such order On appeal.
VIII. Upon confirmation Of ,ss al.
and upon payment By any Pureh,sss =
tho purchase price of tbs property ne.
chased by him. or such portion af -
purchase price as shall, pursuaa, "a -,
provisions of the Final Oecres or -.
order Of confirmation. be required ts !.
paid IN advance of tho delivery N ~
deeds or other instruments Of convss.
ance or assignment and transfer hv II.
Special Master, or upon tbs maxine ~
such Purchaser os such provision for ~
payment thereof az said court abaIi ~
prove, the Special Master viii execute
q deed or deeds or other instrunnens =
Instruments conveying, assigning srS
transferring 60 such Purchaser tbs nron.
erty sold TO such Purchaser. srbjss,
however, 70 Article Fourteenth az -
Final Decree. Such deed or des6, I,
other instrument or Instruments Of cen.
veyance or assignment or trsnsf.- utl,
run and DO delivered to such Purchass,
and upon the production thereof or Of a
certified copy or copies thereof th.
grantee or grantees therein named viii
be let into the possession OF the property
80 conveyed or transferred, and sbsi.
after such delivery of possession hod
possess and enjoy the property so cot.
veyeds assigned and transferred and
svery part and parcel thereof fres fron.
the trust and lien OF said Firat Mortgages
nnd free from all claims, rights Interests
or equity OF redemption OF, In or 10 shs
same by or Of the Chalmers Compapy.
IT'S successors and assigns and by or Of
the creditors or stockholders of the
Chalmers Company and by or Of ell per-
sons claiming by, under or through tie
Chalmers Company, Its creditors OF ifs
stockholders and by or Of all parties te
astd consolidated cause or to the con-
stituent causes thereof; but subject, how.
ever, to the compllance by the Pur.
chaser with all conditions upon such
Purchaser imposed by the Final Decree.
TX. Article Thirteenth Of tie Firsi
Decree provides that the Receiver shall
not more than twenty nor less than tsr
days prior to Ghe date fixed Tor the cal
under the Final Decree, file with tfA
Clerk of said Court, an advisory stsh
ment or statements showing ana Dc.
scriblng as definitely as practicable, hrs
in general terms (f) all outstanding cur,
tracts and leases to which the Chalmeys
Company or the Receiver may be party
and to which, Il any. OF the parcels n
the Final Decree described said con
tracts and leases are appurtenant; q;
the property IN the Final Decree d.
scribed and designated as Parcels A
e and c, respectively: ana tsD all
taxes, liens, and assessments and pur.
chase money or vendors or contractors
or mechanics liens upon the property ty
the Final Decree directed TO be sold,
specifying the particular pieces OF prop
srty upon which the same respectively
shall constitute lien or charge.
x. Any Purchaser will havs shs
right to elect not to taxa or accept any
part OF the property sold 60 speh Purs
chaser by written notice Of his electioE
TO the Special Master given st any time
prior 60 the execution and delivery OF
tho deeds or other Instruments OF con
yeyance from the Special Mastes. No
such election by ths Purchaser viii
diminish or affect the purchase pries TO
be paid by such Purchaser.
As provided IN Article s'oursstnth Of
the Final Decree, the Purchaser o. the
property as an entirety viii bs allowed
one year from the date OF taxing poa'
session OF this property sold within vhich
TO elect to adopt or continue IN fcfce' o.
to refuse to adopt or continus in fercs
any lease or other executory eoatEsos
which may be- included IN the properly
sold to such Purchaser or which may
constitute an incident thereto or Be 3D.
purtenant thersto. Such right Of sieo.
ton reserved as above stated vi nos
tcSore or hereafter entered into I tns
Receiver by authority Of said o ST
xY The Trustes under sat Ftrf
Mortgage or any holder OF ASssgass
Notes or any OF the parties to the con.
solidated Gauss above referred TO or e
either of the constituent causes shefsos
or any creditor or any stoekhoiosf
the Chalmers Company or any holdef g
any obligation Of the Receiver or otnes
creditor OF this Receiver or any otna
person whoaoever may. subject q tns
provisions of Article Ninth Of she s,a.s
Decree, bid at any such ssle. ana
successful bidder may purchase " Wa
Its or their own right.
XII. By the Final Decree said ecaF
reserves sor future adjudication sll Qass
tiona not disposed OF by the Ffaai W
cree
For further particulars rsfsssnss ~ =
hersby made to the Final Decree, 70 ~
advisory statements to be nled os ~
Recetver. SIS provided In Artic!s ta,s ~.
teenth os she Final Decres, snd 70 W ~
records and proceedings in sasd coass. ...
dated cause and the constituent css s.,.sS
thereof on ale In the ofIlce os sns ei''.
OF said Court.
Noyenber g. 1899