Every evening, Wilmington daily commercial., 1922-04-19
Legal Notices
NOTICE OF SALE ON FORFCLosURE
OF CORPORATE MORTGAGE or
NORTHERN TRANSPORTATION

y
NORTHERN TRANSPORTATION
COMPANY.
Notice Is hereby given that. pursuant
TO the decree OF the District Court OF
the United states for the District OF Della
ware, entered on the twentieth day of
March, 1922, In certain consolidated causes
In EQUITY, No. 453 and 462, pending In said
court wherein Old Dominion Marine Rail-
way Corporation and Wood Towing Cor
poration are plaintiffs. and the Northern
transportation Company Is defendant In
cause No. 45S, and West End Trust Com
pany, as trustee named In certain
Mortgage Deed OF Trust. dated October /
1920. executed by the Northern Trans
portation Company, is plaintiff, and the
said Northern Transportation Company
Is defendant, in cause No. ACE. for the fore
closure Of said corporate Mortgage Deed OF
Trust, and thereafter accepted and made
part OF certain decrecs. en- tered in ancillsry
Causes pending in the District Courts OF
the United states for the District OF Msrv-
iand and the Eastern District of Virginia
wherein IL was ordered that the prpDartv
covered by said mortgage should bo sold
ny Joseph Chester Gibson, special master
appointed by the said court 10 make such
sale, ], the said Joseph Chester Gibson. a.
suCh special master and as the person an
pointed by the decree OF said court 20 make
said sale the ave days men toned in said
decree for the exercise OF the right OF re-
demption therein men toned having now
expired and the equity of redemption of
sald defendant and all persons claiming
under IL, or any OF them h,,nr now fars-
closed and cut of and forever barred will
sell free and discharged of all liens and
claims, at public auction or sale, TO the
highest bidder or bidders Therefor. al
the entrance TO the United states Coprt
House and Post ONCE building In the
city OF Wilmington. county Of Near Castle
and state OF Delaware. on Wednesday, the
tenth day OF May. A. ID. 1922, al twelye
O'Clock noon, or on a day and at an hour
to which the said sale may then upou
public announcement of the time and place
be finally adjourned. all Os me property
subject 20 the lien OF said mortgage wher-
ever situate. and consisting OF the follow
ins harses and tugs 20 wit
l seasoins steam tug nsmed and called
sea King" of the burden OF lRS tons
l seagoing steam tug named and called
ksssx" of the burden of 1913 tons
l seasoinE steam tug named aud called
Boston OF the burden OF 2l2 tons !
l seasoins steam tue named and called
Norfolk of the burden ~ 2i2 tons
seasoine barge named and called Nv. X
Moore of the burden Of SIS tons
] seagoing barge named and called Mary
land of the burden OF 73d tons
/ seagotng barge named and called North
ern No, o OF the burden OF APO tons
seaSoins barge named and called North
eru No. - OF the burden Of a83 tons
seagoing barge named and called North
ern No. s. OF the burden OF aS3 tons
seagoing barge named and called North
ern No. IL of the burden OF p7p tons
/ ssAgoing barge named and called North
ern No. IL OF the burden of pTO tons
] saagoinR barge named and called North
ern No. Ia" OF the burden of OIL tons
aeagoinr barge named and called North
ern No. 10 OF the burden OI 96o tons
seagoinR barge named and called North
ern NO. IL OF the burden of 500 tons
seagotne barge named and called North
ern No. is' OF the burden OF 9s9 tons
seagoine barge named and called North.
ern No. 10 OF the burden OF 6Ss tons
! seagoine barge named and rallied North
ern No. 20 OF the burden OF 6e2 tons
Aa- a :.
ern No. n" of the burden of 679 tons
seagoing barge named and called North
ern No. 20" OF the burden OF 200 tons
seagoins barge named and called North
ern No 30 of the burden of .laS tons
seagoihg barge named and called North
ern No. 81 of the burden of / .o2l tons
/ seagoing barge named and called North
ern No. 32" OF the burden OF 4O5 tons
seagoir4 barge named and called North
ern No. "a of the burden Of $40 tons
scagoins barge named and called North
ern No. 35 of the burden OF ,e0I tons
seagoing barge named andcsled North
ern No. 80 of the burden OF .43e tons
The said mortgaged property will first be
offeredfor sale as an entirety, and bids ~
ceived therefor The highest OF said bids
so received will be recorded and shall be
conditioned upon the subsequent sale Of
said property separately at a higher az
gregate price, The said property will then
be offered as individual barsos and tugs for
sale separately. II the Aggregate selling
price OF said property, when offered as In
dividua bsrges and tugs. shall exceed in
amount the highest offer for the said prop
erty as an entirety. then said property
will be sold to the highest bidder or bid
ders on said individual baryrs and tugs.
otherwise said property will be sold To the
highest bidder for the same as an entirety
Any person or persons who shall ba the
highest bidder or bidders al said sale for
said barpes and tugs. whether on the same
as an entirety or on the individual bargee
aud tugs separately, upon the acceptance
20 hair y a
fore striking of to him or them said
barges and tugs. or any OF them. shall
pay TO the said special master In cash or
by duly certified check or checks. a mini
mum payment Of thirty per cen ntum go
per cent OF the amount OF bis or their
bid or bids for which the property or any
part thereof is struck Off. conditionally
or otherwise. as part payment on account
thereof. provided. however, that the bid
der 10 whom the said mortgaged property
shall be struck of as an entirety under
the terms of said decree shall deposit witt
said special master the sum OF at least
one hundred thousand dollars AIO0. 900 .Oo)
In case any such highest bidder and pro-
posing purchaser shall thereafter fail.
upon the acceptance Of his bid. 10 make
the deposit herein required the said spe-
cial master will then and there again Of
fer the property for sale without further
notice or advertisement.
The balance of the amount of any bid or
bids SO made, If accepted by the court.
must be paid by the bidder or bidders
unto the said special master wi thin forty
eight hours after such acceptance. IL any
bid or bids shall be accepted by the court
and the person or persons making the
same shall fail to comply with all the
conditions of sale. and all orders of the
court with respect thereto. such bid or bids
may be rejected and the sum or sums de
posted by the bidder or bidders so falling
to comply shall be forfeited and shall be
applied as the court may direct.
The court reserves the right, upon con-
ma flx.tt faf NJ cat tn ff sath - ~
charge the same with lien to secure any
such further payment or payments of
cash in amounts then TO be fixed by the
court. or 10 require a bond or bonds in
lSNI OF such lien or liens. The balance OF
any purchase price of said property not
r.n1tiIcd 10 he Maid in cash InaN he Ia ID