Evening journal., 1922-01-27
NOTICE OF SALE

In pursuance Of an order OF said Dis
trict Court Of the United States for the
Eastern District OF Michigan, Southern
Division, sitting in equity, made and en-
tered on the Fourth day OF January. A.
D. 1922 in the first above entitled cause
in pursuance Of an order OF said District
Court of the United States for The DIS
trict Of Delaware. in equity, made ana
entered on the Firth day OF January
A. ID. 1922 in the second above entitled
cause: in pursuance Of an order Of said
District Court OF the United states Tor
the Western District OF New YORK, IN
equity made and entered on the Firth
das Of January. A. ID. 49,, IN the iourtn
above entitled cause; and in pursuance
Of an order OF said District Court OF tne
United States for the Eastern District oil
Pennsylvania, in equity, made ana en-
tered on the Fourth day Of January A.
d. 1922. in the last above entitled cause
tile undersigned. William 5. Sayres, Jr.,
Special Master Of said Lincoln Motor
Company Ga Delaware COrporaHonl mere
by gives notice that he will sell az pun
lie auction to the highest bidder on tne
steps Of the front entrance OF the meln
office building OF said Lincoln MOTOR
COMPANY on West Warren Avenue, cor
ner OF Livernois Avenue, IN the Clty OF
Detroit Wayne County, Michigan, on
SATURDAY the Fourth day OF February,
II ia22 At nine o'clock in the fore
noon, Central Standard Time 1.-THE same
being ten o'clock in the forenoon, East
crn Standard Timel the lands, property
and premises Of said Lincoln Motor Com
pany hereinafter described. Intending
purchasers are referred to the several
orders made and entered in said several
causes. and 10 the records therein, ana
10 the statements Of the Receivers TO be
filed with the Clerks OF said severai
courts. as provided for in said several
orders for a more particular description
~ the property TO be sold and OF the
terms and conditions OF sale.
ANY Of the parties to said suits, or any
creditor or any stockholder OF said LIN
son Uhomsoever may. subject to uhe pro
visions Of said orders. bid at such sale,
and IN a successful bidder, may purchase
i'm his. its or their own right.
Said property Will be sola suplect l.ls 20 20
the lien Of and subject to the rights or
the trustee named in, the mortgage given
| nv said Lincoln Motor Company TO De
troit Trust Company as trustee. dated
July 18th. 1921, (under which mortgage,
b0nds aggregating 81, $50, 10000 have been
issued and ane now Outstanding) and
subject 10 the rights and liens Of vendors
urder the land contracts hereinafter set
forth and subject to the liens OF persons.
Arms or corporations. held as collateral
secnritv or otherwise notes, drafts sale
contracts. shipping receipts, bills OF lad
inr OF other securities Of said Lincoln
Motor Company; but otherwise said prop
erty will be sold free and clear OF all
mbran noes.
II the purchaser at said sale shall bid
for said property and assets, free and
clear OF and from the lien OF said mort
rage and the bonds secured thereby, the
Detroit Trust Company as Receiver ap-
pointed by said District Court Of the
United States for the Eastern District Of
Michigan. Southern Division. in equity,
is authorized TO exercise the rights Of
said Lincoln Motor Company, as mort
gagor in said trust mortgage. to redeem
said outstanding mortgage bonds. as pro-
vided for In said trust mortgage using
for that purpose part OF the moneys re-
ceived or receivable on the sale Of said
property.
fered and sold IN one parcel and as an
No bid will be accepted from any one
Offering 10 bid who shall not at least
twenty -four hours prior to safd sale, de-
po,ft with the undersigned and deliver
10 him. as a pledge that he viii make
good his bid in case Of Its acceptance,
| TIN. sum Of Two Hundred Fifty Thousand
/ Dollars $3.50. .0O0O0) In cash, or certified
check on, OF cashiers check Of, some
national bank or trust company In the
I CITY OF New York. in the City Of Detroit,
Michigan. in the City OF Boston, Massa
chusetts in the City OF Philadelphia,
Pennsylvanin, or in the City Of Dover,
Delaware. acceptable to the unders gned'
and made and endorsed payable to his
order. OF $500 100000, principal amount,
in notes. obligations of, or claims against.
Iincoln Motor Company, filed with the
/ Detroit Trust Company, Receiver ap-
/ pointed by said United States District
Court for he Eastern District Of Michi-
gan, Southern Division. in equity on OF
! before February 1sts 1922, and allowed
| hv the undersigned, accompanied by ap-
propriate transfers thereof to the under
signed. Such deposit may he made part
iv in cash or certified check or cashier S
/ check. as aforesaid. and partly in notes
or obligations OF, or claims against. the
/ Lincoln Motor Company, but in the
same relative proportions
] ANY deposit received from an unsuc-
cessful bidder will be returned to him
when the property shall be struck
/ down The deposit received from the
! successful bidder or bidders will be
applied on account OF the purchase
price OF the property, subject to the
terms and conditions hereinafter set
forth. No bid will be accepted for said
property and assets less than the sam
OF Eight Million Dollars (SS,000. 900 00),
for the property free and clear
In case any bidder upon the accept
ance OF his bid by the undersigned shall
I fail to comply, within the period OF
twenty days after the entry thereof,
requiring or relating to the payment OF
the balance Of the purchase price. the
/ moneys or claims deposited by such
/ accepted bidder viii be forfeited as a
| me payment OF the expenses OF a re-
I sale and towards making good any de-
( fciency or loss. in case said property
| shall be sold at less price on such
resale. and TO such other purposes as
the Court may direct. II said sale shall
/ NOT be confirmed. the deposit made bv
the accepted bidder will be forthwith
| returned The purchaser. upon con-
/ armation OF the sale. shall make such
further payment or payments IN cash
on account OF the purchase Price as the
! Court may from time to time direcr
So much OF the purchase price as mas
not be required by the Court 10 be paid
i'm cash. may either be paid in cash OF
the purchaser may satisfy and max,
GOOD the residue OF his bid, In whole or
In part. by turning over to the under.
siened to be cancelled or credited
notes. obligations or claims. with proper
transfers thereof. entitled 10 share In
I Inc distribution OF the proceeds OF sale
In lieu OF such notes obligations o
claims. the undersigned Is authorized
10 accept the certificate OF any trus
company in the City OF Detroit Michi
gan. or in the City Of Cleveland. Ohio