New-York tribune., 1922-11-22
v1n Tns parans.s.

| and ;nctIda. aiIS De nloYs ~ saeiadss
| eigns Of sns a!so the suceesso,..a .aaa 81
/ slon OF the gale or eaias apon oenays
| lul lshsr payment or payre a.1s mako ~ 80
| account OF tho purobssa lss g In cssh
| Sourt may from time so .,.ica pfica as s.ss
| nssing payment Of the as rn direct N 8
| nio the Purchaser may t,,sSiooe o. =
Speclal Master at their asstl,, ever e &. &.
| Mortgags Notes ana co,rna.o .outiye sa,sa
| s1ons Or claims with syc, gSas Or obl,ss
| thereof entitled to shaya ~ opsr ~ tssasss,.
/ slon OF the proceeds OF sai. .ns dissfas
In the Final Decres. SAFE - ses sss
In Hen Of Mortgages No..
or or OK such obilgations or c,s,1ana ,ana eogp,,,
| of q W rsse.er o.s, may eooapt ina tne 81
| - ts S ,lia national bank or trn., ssstiscsh
~ DetvoftS NJ, gi New York Or 1, egeitaat y
- tsas .1e.t"T - Michigan, accsptaAl. sas elJs
| snsc,eea ioI1s. subject to hi . hes
rom nsriod Siaoont ~, et Mortgage s.asT, !
or OF obligations Or olaiyo.' 'nsretn assss
fers thereof. Win Proper trss!
The Purchaser win -
account of the purehasn eTsfitel !.
property by him purchased sscs q &
gage Notes and coupons =, of a Msr
or claims 40 turned over ~ oa!isatio.
Master In part payment % - sas sstcs
price with such sums ns r,sslss. s prschss
In respect Of such Mortss..ss,a b ss..
coupons or obligations cr 81 .Notse al
the proceeds of the sale - tsS'I.s q out 4
amount or the purchase nvia. ne WIS,
IN casn: The Purchaser VIII wsFe na1
qulred 70 pay on account Of H. aes q
gsico any amount IN cash rscdsa s.asss
rnada mad ~ c'n n,,c,. Tst or the proceeds y q
specttve Mortgage Notaa az, sSoh fhs h
obiigatioss Or claims enfi,fsss osp9aa Z,
in tho distribution Of tbs @ shst,
gale until ten days after s.ss proceeds
application Of or on behalf ~ ~ .sSgait .,
of any of such Mortgage No,.sae we aolt,
pons, obligations or efsfr,e = sss eos
its order or decree directing 80 - etfsf
accordance with such order - ssssnsat a
distrfbutive share upon suea ~ ss tssa
Notes and coupons. obligat,oas = s.s''as
SAID Court reserves pars.,s.ss
ana charge upon the propsrt,, D,agsft s.9s asa
Purch haser for tho payment II gyg yass = az
purchase price thereof and ,s..sd s.l q tss
Flghtp upon such notice az .ass "a
itlay aIIect, 70 retate and yes., ,s..E
pFopetty soi9 TO such Purchases ~, = -
re H'i@ii Ia.Il 70 comply with sps ,.s.s -
=. s@.tu t~ourt directing payment ~ ~ ..s
the period OF twenty dsys A. :, ~
peal be taken from any a;rb s.x.ksp = "
the period Of twenty days after Oa,s.f. sss isi
ice OF notice Of entry of ths n,asa sss asis'
afrnihS such order on appeal A'sa
VIII Upon confrrnatinn =, a.
and upon payment by any purcs Nv =.
the purchase price Of tina ~.s.SAsf ryo,s.s.' Y
chased by him, or such portlon ~
purchase price &c shall. -. =. ..'s ssss
provisions Of the Final peo-a. &C., =. = .ss
order OF confirmation, be rsenlr.s y !. rs
paid IN advance of tha daisva-,, - - 20 y
DEEDS or other instruments ~ .s.. ~ ~
ance or assignment and transfsy =. y.
Speclsl Master, or upon the lnaLIsr i.
such Furchaser Of such proyisiop Icr &.
payment thereof as said court stsg - ~
prove, the Special Master viii sgses.,
a deed or deeds or other instr,,,ns,ss y
Instruments conveying assIvnis.' t,..sse 9
transferring To such Purchase fss 81 50
erty sold TO such Purchaser 49, ~
however, TO Article Fourtseuth ~ ~ ~
Final Decree. Such deed ~ 5ssS, y =
other instrument or instruments ot ~
Feyance or assignment Or transfer VI
run and be delivered to such Purrs,..,
and upon the production thereof - y =
Certified copy or copies thersos ~
grantee or grantees therein named ~
De let into the possession CT the prons-ty
so conveyed or transferred, and s6zs
after such delivery OF possession hoN
possess and enjoy the property 50 cor.
reyed, assigned and transferred ana
every part and parcel thereof free srom
the trust and Hen OF said First 8ortzsg,
and free from all claims, Yightz, Interest,"
or equity Of redemption Of, in CT to Il.
same by or Of the Chalmers Coupzm
It's successors and assigns and By o. 4
the creditors or stockholders Q. ~
Chalmers Company and by OF Of ali vs..
sons claiming by, under or throuxs ,ks
Chalmers Company, its creditors G. n
stockholders and by or of all par:bss 70
said consolidated cause or TO tie en-
stituent causes thereof; but subject teT.
ever, to the compliance by the Pr.
chaser with ali conditions ue9r .yrt
Purchaser imposed by the Fina! Dsvs
Ix Article Thirteenth Of IL gnai
Decree provides that the ReceiYs sAsn
not more than twenty nor less tszs el
days prior TO the date fixed fs lis ssls
under the Final Decree, fis WITH shs
Clerk of said Court, an advisosy STATE.
ment or statements showing ard ds.
seribing as definitely as practicable, but
in general terms % 81 outstanding con.
tracts and leases to which TIE Chalmers
Company or the Receiver may be party
and to which, IL any. Of ,hs parcels IN
the Final Decree described said con.
tracts and leases are sppurtenant: u
the property IN the Final Decree de.
scribed and designated SIS Parcels 4
Is and c. respectively; and l5l al
taxes, liens. and assessments and pvi.
chase money or vendors or contractor
or mechanics liens upon the property b
the Final Necree Glreeted TO be sold
specifying the particular pieces Of prop
erty upon which the same respectively
shall constitute a lien or charge.
X. Any Purchaser will have The
right to elect not TO take or accept cry
part of the property sold to such Pgi.
chaser by written notice o. his eleeti91
TO the Special Master given at any t!ms
prior TO the execution and delivery q
tho deeds or other instruments OF coz.
veyance from the Special Master 10
such election by the Purchaser VII
diminish or affect the purchase pries U
be paid By such Purchaser
As provided in Article Fourteenth q
the Final Decree. the Purchaser Ok ne
property as an entirety will be allowed
one year from the date Of taking pos
session os the property sold within shch
to elect to adopt or continue IN fose@ o.
10 refuse to adopt or continue IN f5ies
any lease 0r other executory eInrse.
which may he Included in the p.92eiss
sold TO such Purchaser or which nay
constitute ain incident thereto or 30 sp-
purtenant thereto. Such right az nss
tioo reserved as above stated w ~
apply TO any contract or eontfseS ae,
tofore or hereafter entered into e'
Receiver by authority OF said Y 81
NJ. The TFastee under sab Flrst
Mortgage or any holder of Eftssss
Notes or any Of the parties 70 tne eVa
solidated cause above refer7ea 70 VI
either OF the constituent causes me-.
or any creditor or any stocShokoer =.
the Chalmers Company or any holuet =.
any obligation Of the Reee'seE e1 shs.
creditor of the Receiver or any @n
person whosoever may, subject U G
provisions of Article Ninth 9i sne ~.
pecree, bid at any sush safe, 1Au -
successful bidder may purchese ID -
its or their own right
XII. BY the Final Decree sa,a esss s,,s..
reserves for future adjudlessloa .. !, sse. ~,
tions not disposed Of hy the Fls'ss
cree.
Fer further particulars refefeass y. =
hereby made 10 the Finai DeSIss' y, - tss
advisory statements &c be n4s0 mi,
Receiver. as provided IN Ar-le,e "a
teenth OF the Final Decree, ai,u ssss,,. ~
records and proceedings in SAFE ess... ss.,.a,
dated cause and the constisusns Sisrk
thereof on file III the office OF 'Ao
of said Court
November s. 1922.
500 Federal Building,
Detroit, Michigan.