New-York tribune., 1922-11-29


| further notice or advertisement, proceed
| with the saio OH any day to which tto
| same snay have been 90 adjourned.
III Tho Purchaser of the respective
| shall as part Of che consideration of ths
| property purchased, and in addition 80
| the sums bid by such Purchaser, take
| suctt property and receive this deeds or
other Instruments Of conveyance and
| transfer thsreof subject 90 sny snd all
taxes and assessments and contractors
| and mechanics liens and purchase money
| contracts and vendors liens, which shall
| ps a lien upon any Of said property pur-
| chased st said sale;
Provided, however, thas tho nrocesds
| OF sale Of said Parcel b or the portion
| OF The proceeds OF sale Of aaid Parcels
| A., II and G. X sold together and as an
entirety, deemed to be tho proceeds Of
| sale of said Parcel % rs ia tho Final De-
cree provided, will stand In lieu OF and
| represent said Parcsi u and will be sub
lsjoct to the liens. II any, heretofore or
| hereafter determined 30 have existed on
said Parcel p at tho date Of the Final
| Decree. Said Parcel y will be poid free
and clear Of such liens. If any.
~. Said sale will be made In the fol-
lowing manner:
fa) The Special Master Will arst offer
for sale separately and as an entirety
as Parcel A all of the property covered
septembe- 1, 1917. mads by Chalmers
Motor Company to Metropolitan Trust
Company OF the City of New York, as
trustee. whether or not hereinabove spe-
highest bid therefor.
(b) The Special Master will next offer
Tor sale separately and as an entirety as
Parcel q all inventory on hand OF ehe
Chalmers Company or the Receiver, and
will note the highest bid therefor.
(c) The Special Master Will next Of
fer for sale separately and as an entirety
as Parcsl G all other property and In
tow OF tvA ~ft, f.S Iri nbS
acter and description of the Chalmers
Company or the Recsiver, not covered ~
the lien OF said First Mortgage. whether
or not hereinaboye specifically described.
and will note the highest bid therefor.
(d1 Tho spscial Master will next offer
for sale as an entirety Parcels A, - end
G together and will note the highest bid
therefor.
II the highest bid received for Par
cells A, and G, when offered FOR sale
together and ag an entirety, shall exceed
the aggregate OF the several highest bids
previously noted, as hereinnbove pro-
vlded, for said Parcels A, 3 and G when
offered separately. then said highest bid
for said Parcels A, 3 and C, whom Of
prieed in said PerceIs n, q and C will
be stricken OF and sold as an entirety to
the highest bidder therefor, and the
highest bids noted. as aforesaid. for said
several parcsls whom offered separately
will be csncslled. If. however, the high
est bid received for said Parcels A. q
and C when offered for sale together and
az an entirety shall not exceed the sg-
sreEate Of ths several highest bids
previously noted for said Psrceln A, 3
and G when said parcels were offered
separately. them said several highest bids
previously noted zor said respective Par
cells A. B and C when offered separately
will be accepted and said several parcels
sons 50 noted as having nads the highest
bios therefor. respectively. and the high
est bid for ssid Parcels A. 3 and c
when offered together and ag an entirety
noted as aforesaid will bs cancelled.
v. The Special Master will accept no
bid from anyone Offering to bid, who
shall not, at least tweney-four hours
prior 20 any Offering by the Special Mas
posit with the Special Master and deliver
to him as pledge thai he will make
good his bid In caee Of its acceptance:
(1) In case OF Parcel A. when offered
cash or certified check on come national
bank or trust company in tho City OF
New York or In the City OF Detroit,
Michigan, acceptable 20 the Special Mas
ter and made or endorsed payable to his
order. or s4o5.ooo.00 principal amount
Of First Mortgage SIX Per Cent Five
as Mortgage Notes, OF Chalmers Motor
Company. secured by said First Mort
gage, accompanied by tho coupons of
April l. 1922. and October /. 1922. Such
certified check and partly In Mortgage
Notes with coupons but In the same rela-
tive proportions.
f2) In case Of Parcel B. when offered
cash or certified check on some national
bank or trust company In one OF the
cities above mentioned. acceptable to the
spse.s! sss Master r., and made or endorsed
principal amount In obligations OF or
claims against the Chalmers Company
nled In said consolidated cause within
the period limited by the order of said
Court and adjudicated In said consoIi-
dated cause az secured by lion or
charge on ths property constituting said
Parcel 3, accompanied by appropriate
trsnsfers thereof to the Special Master,
or an appropriate assignment TO the |
Special Master of g. partial interest to
tho extent OF said amount In such an |
be partly in cash or certified check and !
partly In such obligations OF or claims |
against the Chalmers Company but IN |
the Same relative proportions.
ss, IN case Of Parcel C, when offered |
separately. the sum OF s41.25o.oo in |
cash or certified check on some national |
bank or trust company In one of the
cities above mentioned. acceptable to the |
special Master and made or. endorsed |
principal amount IN obligations Of or |
claims against the Chalmers Company
dled in said consolidated cause within |
sho period limited by the order OF said |
Court and established therein, accom- |
panied by appropriate transfers thereof |
to the Special Master or an appropriata
assignment to tbs Special Master of q |
partial interest to the extent Of said
amount in such an obligation or claim. |
or 9l5s760.oo principal amount of |
coupons OF April 1, 1922, and Octob.r
1929. Such deposit may be madeensrflv |
In cash or certified check and parNv IN
oopilSaelons OF or claims against the !
Chsimsre Company aud partly in Mort
gage Notes with coupons but in the garns
relative proportions.
(4) In case OF Yascefg A n snS ~ /
when offered together and as an entira+S, !
ehe aggregate OF such sums IN cash or auch |
oo,,rn ,.4,sa cnecxs or Mortgage Notes and !
coupons OK obligations OF or claims
against the Chalmers Company Of sncS
cnaracter and to such amounts enS 81
SoHlpanied by such transfers ma vorid
% required under the foregoing eIsusea |
~ sS2 and (s) to qualify such person
ghon oru r1a each and every Of said parcels |
"nen onered separately !
IN lieu OF this depouss ~ ss.rs~
Notes and coupons or OF ohiisnefon, 80 !
Stsitns with transfers thereof In accord |
snce wisn the requirements Of the sors-
golhg clauses or any OF them, the spectal |
aa.s -aasssr VIII sccept the certificate Of any |
aaslonal asI bank or trust company in tns
city Of New York or In the City os ne
eroit, Mionfgan, acceptable 20 the snActsl |
gAsster. that 1t helde, subject TO tSs or |
ger OK tho Special Master or suhssct n
ene order OF the person therein nanesTs
$hs ~ py nIn transferred 60 the ordsr of |
sne spsciel Master, Mortgage Notes so
cSo,rinpanied by the specified coupons nv |
oDnSarions or claims OF the ren,,,rss
0u@sacteS With proper transfers theraoS
=, a deposit made 10 qualify sny ora to |
aa ann,,as -. .Sepassee parcel shall. so TAR |