New-York tribune., 1922-03-06

OF Securities fte"ssu 1ha W.,,,, so"s.cfsi o.
cu.v Company. dated November 1,
sa,e secnrIpr Two-icar SIX FER Cent
Collateral Gold Notes.
~..,t. having been made In the pavncnt
Oe.S nrineiuaI or the T~o-Nesr six Per
- .'e 'eroieaterai Gold Notes of The Memphis
sens en-, Da,lway Company, which originally
Ss.,re due and payable on the first day oc
sste.rlsr secsmJ 1919. but extended by an
Nv,.r.on agreement bearing date November
;sis until th. first day OF November, 1920,
Tyuny.sr " Six Per Cent Collateral Gold Notes
%.~sm. due and payable and since said datp
no part OF the principal OF any Of the said
n0sss 0ToTIcE is HtREBY GIVEN that Tho
Nav YORK Trust Company. as Trustee under
The collateral trust agreement of The Mcm-
ss1, Street Railwsy COMPANY dated Novem-
Ser l. 1911 securing ssid Two-Near Six Per
Cent Collstsrai cold Notes. aud Under said
virtue Of lien held by - RS SUCH Trustee
Vii offer for sale at public auction ~ th,
Exchange Sales Rooms Nos. u and l6 NeScy
Street, IN the Borough of Manhatten. end
CITY OF New YORK (Which is the city whcre
such lien was acquired) at ~ 40 o'clock P.
H. on the 18th day of March. 1922 all and
singular the securities pledged under said
collateral trust agreement. which are moro
esr,iculary described as follows:
siH6,ooo principal amount OF Consoll-
dated Mortgage Five Per Cent Gold Bonds OF
Fns Memphis Street Railway Company, is
sued under and secured by Mortgage of said
Railway Company 10 the Central Trust Com
asny Of New York, as Trustee. dated July i,
:, $4,000 principal amount OF General
Mortgage Bonds Of The Memphis Street Rail
way Company. Issued under auI secured tv
General Mortgage Of said Railway Company
to the Guaranty Trust Company OF New York
ss Trustee, dated November t. Io1E
The said securities will be offered for sale
In one lot and entirety. and viii he
sod TO the highest and best bidder. subject.
however, to the conditions herein stated
No bid VIII be received unless the bidder
H. a Rsesn ~n 5he
(,1Soto) IN cash or certified check for
that amour, drawn upon a bank in the City
Of New York. PAYABLE TO the order OF the
Trustees, security for the completion Of the
purchase of said securities in accordance
with his bid and these terms of sale
The Trustee will give appropriate receipts
FOR ali deposits 80 made and nill inmedis ely
s.t.r the sale return TO tho unsuccessful
bidders any deposits made by them
Tn. successful bidder viii he required 20
sign memorandum of his purchase at tho
tire and place Of the sale. Tho purchase
price will be payable without further notice
a. the Office OF the Trustee, No 100 Broad
way, New York, within seven days after the
sale, the deposit OF the successful bidder
The securities will be delivered upon pay
n'snt Of the purchase prizes In full.
plete the purchase Of said securities in accord
snce with his bid and these terms of SALE
such bidder shall be liable TO she Trustee
fcr. any loss or damage resulting from his
failure TO so complete said purcl,a Sc. includ-
Ing the expenses OF any resale OF said
securitiss. and the Trustees nay hold the
deposit OF such bidder and applg the same 10
tse payment Of any such loss or damage.
The successful bidder, for the purpose OF
making settlement or payment Tor the securi-
ties, Will be entitled to turn i'll Two Year s,i-;
PEI Cent Collateral Cod Notes OF The Mem
shs Street Railway Company and any
niatured and unpaid coupons thereof or In
terest claims thereon in order that there
may be credited as paid thereon the sums
payable out OF the net proceeds OF such sale
20 the holder of such notes or coupons or
Interest claims as his ratable share of such
net proceeds, after allowing for the proper
zion Of the total purchase price required TO
% paid in cash TO pay the costs and ex-
penses OF the sale. otherwise: and tho
successful bidder will be credited on account
81 the purchase price OF tho securities with
tne sums payable out Of such net proceeds on
suoh notes and coupons and interest claims
fc turned in
The Trustee or any holder or holders Of
ssld Iwo-Year SIX Per Cent Collateral Geld
Notes Of the Memphis Street. Railway Com
pany, n person or by attornev o. agents
H'sg ola for ana purchase aid securities.
me trustee may from time TO tns ad
Journ sne salo ~ announcement at the time
10 n place fixed for the sale or for such
.oJoltned .e sale, and may hold such sale as
&c IsoJocrned without further notice.
yaIeo az, New York. February s. 1922.
1HE NEW YORK TRUST COMPANY
AS Trustee under tho (,ollaf1ral Trust
nsieenent of the Memphis Street Rail-
80 80 1,onpany, dated November l, 1917,
,nu nv extension Agreement dated No.
BY T. !. HORNE,
Vice President