Evening journal., 1922-01-13
LEGAL NOTICE.


holds subject to his order. claims Of the
character and to the amount. specified.
with proper transfers thereof The pur-
| chaser viii be credited on account OF
the purchase price Of the property by
| MIN purchased, for all notes, obligations
| and claims so turned over to the UNDER
1 signed, in part payment OF the pur-
| chase price, such sums as would De
the proceeds. Of the sale II the whole
amount Of the purchase price were paid
in cash.
The Receivers appointed by said sew
eral courts, not more than fifteen nor
less than five days prior to the date of
said sale, will file with the Clerks OF
said several courts a statement. or
| statements showing and describing, as
definitely as practicable, all outstand-
ing contracts. orders and commitments
made by the Receivers or to which any
Of them Is party. in connection with
| their possession and operations OF the
property and assets Of said IAncoln
Motor Company. Such statements viii
be advisory only, and nothing therein
contained or omitted therefrom viii re-
| lease any bidder or purchaser at the
such statements constitute ground for
release from any debt, liability or obli-
| cation because OF any representation
therein or omission therefrom-
Any purchaser wiz have the right 10
elect not to take or accept any part Of
| the property so sold Except contracts.
orders and commitments made by the
Receivers, as to which the purchaser
shall have no right OF election) by
written notice of his election to the
| undersigned, given at any time prior
! to the execution and delivery of the
| deeds OF other instruments OF convey
ance thereof. No such election by the
| purchaser will diminish or affect the
purchase price to be paid by him. The
deeds or other instruments to be given
to the purchaser will expressly except
| fhprafrOp M al trrnf -
said purchaser shall elect not to take
or accept Except as aforesaid)
The purchaser will be allowed sixty
days from the date Of the delivery Of
said deeds or other instruments 10 him,
/ within which to elect to adopt or con-
tinue In force, any lease or other exc
cutory contract which may be included
in the property sold, or which may
appurtenant thereof Except. however.
contracts, orders and commitments
made by the Receivers) Such election
writing subscribed by the purchaser
and filed in the office of the Clerks OF
said several courts. No conduct or
user OF any rights by the purchaser,
his successors or assigns within such
period OF sixty days, not accompanied
by. the filing of such written instru-
ment, will be deemed to conclude such
+ purchaser. his successors or assigns. in
! respect OF such election. In the event
Of the failure OF the purchaser, his
successors or assigns, to file a state
ment Of election to refuse to adopt or
continue In force any such contract;
| lease or agreement, within such period
OF sixty days, he shall be deemed to
: have elected not to adopt suah con-
tract, lease or agreement and"not to
I erty purchased Such right Of election
will not, however, as stated apply TO
. any contract or contracts, orders OF
compliments entered into or made by
, said Receivers.
r Upon confirmation Of the sale and
payment by the purchaser. his success
ors or assigns. Of the purchase price
e OF the property purchased. the under
D signed win execute a deed or deeds OF
r other instruments, conveying. assign
ing and transferring ITO the purchaser
Z his successors or assigns, the property
q sold, subject, however to the provis-
, ions Of said orders. Said deed or deeds
70 or other Instruments Of conveyance OF
e. assignment or transfer will run to and
p be directed to the purchaser, his sue
y cessors or assigns, and upon the pro-
ductlon thereof. or of a certified copy
: or copies thereof, the grantee or gran
4 tees therein named will be let into the
j | possession OF the property so conveyed
4 or transferred. wheresoever situated
e and the purchaser, after such delivery
I OF possession, viii hold, possess and
4 enjoy the property 50 conveyed anC
n / transferred, and every part and par
e eel thereof free from claims. rights in
v to the same, by or of said Lincor
I Motor Company, its successors and as
: signs and by or of the creditors anC
= stockholders OF said Company, and by
!. or OF all persons claiming by, under
: or through said Company, it's creditors
or Its stockholders, and by and OF al
n parties toisaid cause; but subject. how
4 ever 10 the lien Of said trust mortgage
N and said contract or contracts, orderl
J.. | and commitments OF said Receivers and
a subject TO compliance by the purchaser
} his SUCCESSORS and assigns with al
i, conditions imposed upon the purchaser
a by said orders of sale.
: Lincoln Motor Company is required
= by said orders, at the time OF the de-
I, livery OF any deed or deeds or instru.
4 ments Of conveyance, transfer and as.
y signment by the undersigned, and by
r way OF further assurance, to deliver
, a similar deed or deeds or other instru.
: ments OF conveyance, assignment and
n transfer TO the grantee or grantees II
u such deed or deeds or other insnu.
, ments OF conveyance, and said lincolr
y Motor Company is required to convey
u transfer, assign ana release to /sucl
= grantee or grantees an its right title
e and interest OF. in and to said property
70 so conveyed. assigned and transferred
e by the undersigned Each OF the Re
2, courts by way OF further assurance
II are required by said orders. 10 join will
= the undersigned in execution OF tn
n deed or deeds or other instruments o
conveyance ASST lIIliutHL ana lIduSIe
g to be made by the undersigned. aai
: said several Receivers viii thereb,
4 | convey, transfer, assign and release 4
such grantee or grantees all the right
? title and interest Of said several Re
n ceivers in and to the property so con
veyed. assigned and transferred by tn
e undersigned.
It ANY person who. as provided in sal,
= orders. shall have qualified to bid at tn
r said sale, may apply to any OF Sal,
.e courts for a supplemental order or or
@ ders directing the furnishing of any ir.
a formation whether incident to the con
u tinued operation Of the business. o
.e otherwise, as to the description or con
le dition or value Of the property TO b.
sold. or any part or parcel thereof a
y, the case may be.
l The following is a description Of tn
y properties and assets to be sold a.
a above set forth;
a. Those certain pieces or parcels o
= land situate and being in the City o
y Detroit. County OF Wayne and State o
y, Michigan. described as follows, to-wit
le All that property bounded by tn
p- Northerly side OF Warren avenue, IN
&C Easterly side OF Iivernois Avenue. In
l. Southerly side OF fireman Avenue. an
DR. the Westerly side Of the right Of wa,
ID Of -theUPere Marquette Railroad, an,
D- including the following parcels:
= PARCEL I: Lot No. g. Survey o
T. west end Of west y OF private CLAIM
. 574. containing 8. 81 acres, more or les
IS PARCEL II: Lot No. 4 Of the estat
e OF John Strong. deceased. Of the Sur
Ia srov of fha west end ~ no