The New York herald., 1922-04-08
LEGAL NOTICES.
NOTICE OF MASTERS

NOTICE OF MASTERS
SALE OF SHARES OF STOCK.
NOTICE IS HEREBY GIVEN that by viz
Gerry Of the State OF New Jersey on February
Bird. 1922. In q cause wherein Kate 8. Good
pany. individually and as Executors Of and
Trustees under the Last VIII and Testamans
Of Thomas A. sperry. deceased. are COM
are defendants. L. Edward Hermann, Esqf
one OF the Special Masters OF said Court OF
Sassn @ sen at Paos to
the Prudential Building. No. T63 Broad
Street. in the City OF Newark. New Jersey.
In the forenoon. or at the time 20 which suoh
sale may be adjourned, 5000 shares OF the
capital stock OF The sperry & Hutchinson
Company. q corporation OF the State OF New
Jersey. OF the par value Of $4,000 each.
The said The sperry Hutchinson Company
Said shares viii be sold as q whole and
not In separate lots and the sale VIII es
made expressly subject to confirmation
Prior 20 the sale the Special Master will
require any bidder or bidders for said shares
70 deposit with him in cash. or BY certified
sale he will require the highest bidder or
bidders TO similarly deposit with him the
Of the sale all such deposits, except those
made by the highest bidder or bidders. win be
shall be confirmed by the Court the deposits
so made by the successful bidder or biddert
VIII be applied toward the satisfaction Of
be confirmed such deposits win be re.
turned TO said bidder bidders. II this
Bidder o or b.ddeps shall fan M or ror refuse %
of such highest bid in the manner herein.
deposits will be deemed TO be liquidatsd
damages resulting TO the said Kate s. Good
a1s ans Trosees ana
by reason of such failure and refusal and
Master.
The purchaser OF said shares at the sails
viii be entitled to receive all dividends or
other distributions made thereon. or rights
TO subscribe for additional shares OF The
sperry Hutchinson Company by reason OF
the ownership thereof accruing subsequent
TO the 18th day OF March, 1922.
II the sale shall be confirmed by the Court
the highest bidder or bidders will be re-
quired to pay. to the Special Master IN cash
or by certified check. on account of the pur-
chase price OF such shares. such further
amount as with the sums aggregating s60. 900.
so 10 be deposited by such bidder or bidders
shall equal 30e5 OF such highest bid. and In
addition thereto at the option OF such bidder
or o. Il bidders shall M also then a) either SINH
der OF tho amount of such bid. (2) se-
cure the payment thereof in manner follow
said Executors and Trustees of 8 promissory
notes OF such bidder or bidders, payable to
the order OF the said Executors and Trus-
tees, each thereof for an amount equal TO
eighth OF the remainder of such highest
bid, payable with interest thereon seml-an-
equal annual instaliments after the data
thereof. The payment of all of said prorais-
with the ' said Executors and Trustees tee . os se.
curities In which Trustees authorized TO
invest under the laws of the State OF New
not less than 1856 OF the aggregate prin-
cpal amount of all such promissory notes,
such collateral being limited however. to tn.
States Government bonds: 60 State and
Municipal bonds (3) Railroad bonds; (D
Federal Land Bank bonds; and in the event
that the collateral should be other than OBJ
legations of the United States. or the States
of New Jersey or New York, the narket
value OF any particular security Is not 10
exceed 10% of the total market value of the
collateral. Each of such promissory notes
fully and promptly pay any instaliment OF
principal or interest at any time becoming
due thereon sSa when VI due the entire amount
promissory notes then remaining unpaid
shall thereupon become and be Immediately
duo and payable, and that in the event OF
any default the holder of said notes is TO
have the right to sell the whole any part
at the option of such holder without either
advertisement or notice. and IL sold at any
such public sale to become the purchaser Of
demption: t2) the payment OF any such In
staliment OF principal may be anticipated
ana mace py tne MAKER or makers OF such
annual payment of interest may become due
thereon: and Cd upon the payment of any
such installment OF principal amount on any
such promissory note there shall be sur
rendered 10 the maker or makers thereof q
proportionate amount in market value Of The
bonds deposited to secure the payment OF
such promissory notes.
For further particulars reference Is hereby
made to tho said decree on file with the
Clerk OF said Court Of Chancery at Trenton.
New Jersey. copy of said decree may be
seen upon due application at the office Of y
either the Special Master or the solicitors
for the above-named complainants.
L. EDWARD HERMANN.
Special Master In Chanccry.
Is Exchange Place.
Jersey City, ~. j.
KATE 8. GOODRICH,
THE FARMERS LOAN 4
TRUST COMPANY
BY w. B. CARDOZ6,
Vice President
tSeal1 Executors OF and Trustees
Attest: under the Last Will and
A. v. HEELY, Testament Of Thomas A.
Secretary. Sperry. deceased. Com.
plainants.
LINDABURy, DEPUE .
FAULKS,
Solicitors for Complafnants
763 Broad Street.
Newark. ". J.