New-York tribune., 1922-03-02
BOND SALE
NOTICE nN SALE

NOTICE on SALE
OF Securities Pledged under Collateral
Trust Agreement OF The memphis Street
Railway Company, dated November !,
1917, securing TWo-Near six Per Cent
Collateral Gold Notes.
Default having been made m tie payment
Cent Collateral Gold Notes OF the Memphis
Street Railway Company. y hich originally
became due a4d pa yabie on ne f.rst day o.
extension agreement bearing date Aovennner
I. 1913. until the FIRST day OF Notemner lN@v,
upon which dafe the principal Of all OF salo
TNo-Year SIX Per Cent Collateral Cold Notes
hocarne Que ard rayanle, ana since said date
no part Of trc principal Of any Of The aaia
NoTicE X HYREBY GIVEN that The
New York Trust Company, or Trustee under
phis street Railway Company. dated Noven1-
her /. j9l7, securing said Two Year SIX PER
Cent Collateral Colo Notes and under saia ,il
extension agreement, in the exercise OF IT,
rights ard powers such Trustee no by
virtue OF q lien held BY It as such trustee
will offer for sale at public auction at The
Exchange Sales Rooms, Nos . and Is Nerey
Street in the Borough of Manhattan. and
City or New York Cwhcn Is the city whore
NJ on the 10th day OF March. 1922. all ana
singular the securities pledged under said
collateral trust agreement. which ara more
particularly described AZ follows.
81 900 principal amount " Consoli :
On ted Mortgage rye Fer Gent G9la nonas o. OF
sued under and secured by Mortgage of seio
Railway Company 70 tNe Central Trust Com
49s95 9s55 Of Ne" York as Trustee 04'so '1'Y T.
ssq9o & gr@oRs IN Rsl ma@, smos9 s 9r rec, GoPar Rs
way Companv. issued under and secured by
General Mortgage Of sai0 Railway Company
to The GUARANTY Trust Company OF Ne" YORK
The said securities VIII be offered for sale
In lot and an entirety. and Will o.
sold 10 the highest sand best bidder SUBJECT
however to the conditions herein stated.
no bid Will he received unless the bidder
snail have first deposited with The Trustee o.
the auctioneer Fifteen thousand collar
that amount drawn upon Z bank in the CITY
OF New YORK. payable TO the order OF the
rureh hase Of said securities IN accordance
With his bio and these terms OF sale.
The Trustee Will give appropriate receipts
for al deposits so mace and VIII Immediately
after the sale return to The unsuccessful
bidders any deposits made by them.
The successful biduer viii be required 70
sign rleInorandum of his purchase at the
time and place Of the sale The purchase
price viii he payable without further notice
way, New YORK. within seven days after the
sale the deposit OF the successful bidder
teing applicable IN part payment thereof
The securities viii be delivered upon pay
raent OF the purchase price il fun.
II the successful bidder shall fail 70 com
piete the purchase Of said securities In accord
ance with his bid and these terms OF sale.
such bidder shall he liable "a the Trustee
Tor any loss or damage resulting from his
failure to so complete said purchase. includ-
iug the expenses Of any resale Of said
securities. and the Trustees may hold the
deposit Of such bidder and apply the same TO
tie payment Of any such loss or damage
The success ful bidder, for Inc purpose OF
making settlement or payment for the sscUri-
riss. vii pe entitled to turn IL Twn-Ne Six
Per Cent Collateral Cold Notes OF The Mem
pais street Hallway Company and any
nlaflrcd and unps'l coupons thereof or In
terest claims thereon. in order tnat there
LAY Ne credited as paid ineceon the gums
. The HOLDER Ct such notes or coupons or
INT crest inns. as his ra1srie snara OF such
net proceeds af'.r allowing for the proper
tion OF the total purchase price required TO
be paid In cash 20 pay The costs and eN-
renses Of the sale. OF otherwise: and the
successful bidder viii be credited on account
OF the purchase price OF the securities vl1N
the sums payable ouT OF such net proceeds or
such notes and coupons and interest claims
so turned in
The Trustee or any holder or holders Of
Notes Of the Memphis Street Railway Com
psny. In person or by attorney or agents.
bid for and purchase said securities
Ihe Trustee may from tmA to time Hd-
tolrn the sale oS announcement at the tlrH@
and Place Fixed 70, the sale for such
adjourned sale. and may hold such sale as
50 adjourned without turthsr notice.
Dated New York. February 1922.
THE NEW YORK TRUST COMPANY
As Trustee under The Collateral Trust
Agreement Of the Memphis Street Rail
way Company dated November !, 1917,
and Extension Agreement dated No
BY f. J. HORNE,
y.cn- -prast6ers.