New-York tribune., 1922-03-09
BOND SALE
NOTICE OF SALE
or Securities Pledged undey Collateral
Trust Agreement Of The Memphis Street
Hallway Company. dated November I.
1917, securing THoYear Six Per Cent
fOiiaf Prol Cold Notes.

Default having been made in ING paymsnt
o. .hs RTnGpal o q" re w9fes % bo SIX Fgr
Street Railway Company. which originally
became due aud PAYABLE on the frst Gay Of
extension agreement bearing date November
/. 1919. unti the first day OF November, l92c
Two-Year SIX Per Cent Collateral Gold Notes
became due and payable and since i'd date
no part Of the principal OF any Of the said
NoTGcE IS HEREby GIVEN that The
New York Trust Company as Trustee under
Der i, 1917. securing said Two-lear Six Per
Cent Collateral Gold Notes, and under said
rights ard powers as such Trustee and by
/ virtue of a lien held by 1t as such Trustee.
Exchange Sales Rooms, Nos. u and 1S Vesey
Street, in the Borough OF Manhattan. and
CITY Of New York (Which Is the city where
such lien vas acquired. at 1880 o'c'ock z.
NJ on the 10Th day of March, 1922, all and
ainsular the securities pledged under said
particularly described as followe:
/. sl.416 600 principal amount OF Conuoli
dated Mortgage Five PER Cent Cold Bonds OF
sued under and secured by Mortgage Of easd
Railway Company to the Central Trust Com
psny OF New York. as Trustee, da ted July l.,
2. $4,000 principal amount Of General
Mortsage Bonds of The Memphis Street Rail
way Company issued under and secured by
to the Guaranty Trust Company Of New York.
as Trustee, dated November !. 1915.
The So Id securities viii be offered FOR sale
| In ono lot and as an entirety, and Will be
sold TO the highest and best bidder, subject.
however. 10 the conditions herein stated
No bid will be received unless the bidder
shall have, first deposited with the Trustee or
| (S1booo) in cash or q certified check FOR
that amount drawn upon "a bank in the City
Trustee. as security for the completion OF tho
| purchase Of said securities In accordance
with his bid and these terms Of sale.
The Trustee Will give appropriate receipts
after the sale to the unsuccessful
ss s ny ta reoued
time and place Of the sale. The, purchase
at the Office OF the Trustee. No. 100 Broad
way. New York, within seven days after tho
Sens appicable % in part art SITesa' paynent tefeof
! rhe securities viii be dslivered upon pay
meqt tSs Of the psrfhaso %Jdd Price In fu
plete the purchase OF said securities in accord
anee % w:th his bid and these terms Of sale.
for, any loss or damage resulting from his
failure TO so complete said purchase. includ-
Ing the expenses Of any resale OF said
deposit Of such bidder and apply the same to
the payment Of any such loss or damage.
The successful bidder for the purpose OF
making settlement or payment for the -ecuri-
ties, will be entitled to turn IN Two-Year Six
ter Cent Collateral tSoiO Notes or The Mem
phls Street Railway Company and any
! matured and unpaid coupons thereof or in
terest claims thereon. in order that there
may be credited paid thereon the sums
payable out OF the net proceeds of such sale
70 the holder OF such notes coupons or
| interest claims. So his ratable Share Of such
net proceeds. after allowing for the proper
| uon Of the totai purchase price required to
| be paid In cash 20 pay the costs and ex-
penses OF the sale. or otherwise: and the
successful bidder will be credited OF account
| Of the purchase price OF the securities with
the sums payable out of such net proceeds on
such notes and coupons and interest olaims
30 turned IN
| The Trustee any holder or holders OF
said Two-iear Six Per Cent Collateral God
| Notes OF the Memphis Street Railway Com
pany. In person or by attorney or agents.
may bid for and purchase said securities
The Trustee may from time to time ad-
journ the sale by announcement at the time
and place fixed for the sale or for such
adjourned sale, and may hold such sale as
so adjourned without further notice
Dated NeweSork. February S, 1922
THE NEW YORK TRUST COMPANY
As Trustee under the Collateral Trust
Agreement of the Memphis Street Rail
way Company. da ted November !. 1917,
and Extension Agreement dated No
venher l, 1913.
BY f. ]. HORNE.
Vice President.