New-York tribune., 1922-11-22
n. rne speofai master NAV ad,ourr

with tho sale on any day to which the
| same may have been so adjourned.
III. the Purchaser of tho respective
| parcels or OF the property as an entirety
| shall, as part Of tho consideration OF the
| property purchased, and in addition 20
| tho SUNG bid by such Purchaser, take
| such property and receive the deeds or
| other instruments OF conveyance and
| transfer thereof subject to any and all
| taxes end assessments and contractors
| and mechanics IieBs and purchase money
! contracts and ysndors liens, which shall
| be o. lien upon any of said property pur-
/ chased at said sale;
| Provided, however, THAT the proceeds
! of sale OF said Parcel or the portion
| A. u and G, II sold together and as On
| entirety, deemed to bo the proceeds OF
| eale of sold Parcel b as IN the Final De.
/ cree provided, Will stand in lien OF snd
represent said Parcel and will be cub
| ject to the liens, II any, heretofore or
| hereafter determined 10 have. existed on
| Decree Said Parcel p will be sold free
and clear Of Asuch liens, IL any.
| rv. Said saie will be made in the fol-
| lowing manner:
| (a) The Special Master viii fret offer
for sale aeparately end as en- entirety
| as Parcel A ali OF the property covered
| by the lien Of tho First Mortgage. dated
september /, 1917. made by. Chalmers
| Company of the city of New York, as
| trustee. whether or not hereinaboye spe~
| cificaIly described. and will note tho
| highest bid therefor.
| for sale separately and as an entirety as
| Parcel y all inventory ON hand OF the
| Chalmers Company or the Receiver, and
| Will noto the highest bid therefor.
| (c) The Special Master will next Of
| fer for sale separately and aa entirety
as Parcel c oil other property and in
terests in property of every kind. char
| acter and description of the Chalmers
| Company the Receiver, not covered by
! the lien Of said First Mortgage. whether
| or not hereinabove specifically described,
| and will note the highest bid therefor
I'D The Special Master viii next offer
! for sale en- entirety Parcsls A, B and
! g together and will note the highest bid
therefor.
GELS a, - and &, whom offered for sale
together and as entirety, shall exceed
the aggregate Of tho several highest bida
previously noted, as hereinabove pro-
vided, for said Parcels A., B and G. when
offered separately, then said highest bid
for said Parcels A, B and G. when Of
fered together and as an entirety Will
be accepted and ali the property COM
priged in said Parcels A, B and c will
be stricken off and sold as an entirety to
the highest bidder therefor, and the
highest bids noted, as aforesaid. for said
several parcels when offered separately
will be cancelled. If. however the high
est bid received for said Parcels A. .
and when offered for sale together and
gregate of the several highest bids
previously noted for said Parcels A. q
and when said parcels were offered
separately, then said several highest bids
previously noted for said respective Par
cells a. B and G when offered separately
VIII be accepted and said several parcels
will be stricken off and sold TO the per-
sons SO noted as having made the highest
bids therefor. respectively, and the high
est bid Tor said Parcels a, = and c
when offered together and as an entirety
noted vi he RAJ
V. The Special Master will accept no
bid from anyone Offering to bid, who
shall not, at least twenty-four hours
prior to any Offering by the Special Mas
ter for sale under the Final Decree, de-
pos!t with the Special Master and deliver
to him as pledge that he viii make
good his bid in case Of its acceptance:
% Tn case Of Parcel A, when offered
cash or certified check on some national
bank or trust company IN the City OF
New York or in the City OF Detroit, |
Michigan, acceptable to the Special Mas
ter and made or endorsed payable to his
order. or S405, 10000 principal amount
OF First Mortgage Six Per Cent Five |
as Mortgage Notes. OF Chalmers Motor
Company. secured by said First Mort |
gage. accompanied by the coupons of
April |. 1922, and October /, 1922. Such
deposit may be made partly in cash or
certified check and partly in Mortgage |
Notes with coupons but in the same rela- !
1--WE proportlons-
fal In case of Parcel B, when offered !
separately, the sum of S22500.0O in |
cash or certified check on some national |
bank or trust company in one of the |
eitles above mentioned, acceptable to the |
Special Master and made or endorsed /
payable to his order, or s675 90 |
principal amount in obligations of or !
claims against the Chalmers Company /
hed In said consolidated cause within
the period limited by the order of said
Court. and adjudicated in said consoli- |
dated cause as secured by a lien or
charge on the property constituting said /
Parcel B, accompanied by appropriate
transfers thereof TO the Special Master,
or an appropriate assignment to the
Special Master OF a partial interest TO |
the extent of said amount in such an /
obligation or claim. Such deposit NAV |
be partly IN cash certified check and |
partly in such obligations OF or claims |
against the Chalmers Company but in |
the same relative proportions.
t5) In case of Parcel c, when offered
separately, the sum of s41,250.00 in |
cash or certified check on some national /
bank or trust company in one of the
eities e ABOVE mentioned. acceptable to the |
payaole TO his order, or s12375oool |
principal amount in obligations of or
claims against the Chalmers Company
filed In said consolidated csuse 1vitft,, /
the period limited by the order of said /
Court and established therein. accom-
pahled Dy appropriate transfers thereof |
~ .it0 'Peeidl master or an appropriate |
asslShnent TO the Special Master Of q |
partal interest to the extent of said !
amount in such an obligation or claim
OF SlZS,75o.C0 principal amount OF |
mortgage Notes, accompanied hy the
coupons or April /, 1922. and October I
t9@1, such deposit may be made partly
IN casa or certified check and partly in |
obilgations of or claims against the
ShelneFs Company and partly in Mort
gage Notes with coupons but in the eaosa
relative proportions.
90 In case of Parcels a, p ana r.
Whea offered together and as an e,,ti-e+v'
ntI6 JI5 esate OF such sums in cash or such
osn.iied checks or Mortgage Notes ana
coupons or obligations of or cIaP1r,s
against the Chalmers Company Of s,c5
character and to such amounts and ac
,Sohitpanied by such transfers as y,onI6
pe required under the foregoing ciauses
~, " ana tS) to qualify such person
when offered separately. S'' ee4s
In lieu of the deposit Of ,rortrra
Notes and coupons or of obltpatsonSs g.
o-e.iiiiS Win transfers thereof IN accor5 |
nSo "ith the requirements of the fors
Spihs clauses or any of them, tho Sper.,o,
,n"Sssl ,,nt1 WIZ accept the certificate of any
natlohaI bank or trust coroanv Z, +t,a
CITY or New York or IN the f,ity 80 ny ny
etoit' Mtehigan, acceptable to the Soacfa,
tstaste., that 1t holds, subject to +be or |
@ uer or the Special Master or suhiac+ a. !
o, oae order OF the person therein narneJ
,Ino s hlth transferred TO the order of
s.te opeclal Master, Mortgage Mites - /
companied by the specified co,no vs "c-
o.pisations or claims of the rec,,;,es |
0tet aeteH WIN proper transfers tberaoe
,. "a oeposit made to qualify snv ma -
1ot separate parcel shall so fer |
~, appiieaple' oe regarded as n 6enostt |
be maaa ouuno ~ OF the deposit required 70