New-York tribune., 1922-02-27

Trust >ercement OF Tho Memphis street
Mti,WaN COMPANY. ca'"d November !.
toliRterai Goid Notes.
peiaui having tesr made lu the pay "a ri.
- he NineiVa Of ils T~o-Year ~ rer
''Nt 'nl. nl.atefai 1o'd Notes ~ the Memphis
Street Rail~ie Co'aparN. Which or.elus.tl, j,
q came due sul paYaNle oe Tho arst das Of
November. tpla tut WIS extended i.e an
L. ltlN. nn'h ne rrsi DAY or Noy-inher lssa.
M r'' NAi' D. 'at" tNe print ipel ,f aN of >si'
nee ann" dus a'i psyabie sua since said i.,t-
no pa.t II the principal OF any OF the SAID
notes iaF'u. heeu paii
New York Trust COMPANY. a. Y-r,sf,.. ,,,3.r
,.,'' te ,,i,sle''d trust asteemen, ef The Me ~
cent Collateral Gold Notes ari ,-,,,4r -ai +
'Ntens.on agieel lnent in the exer.ts. -. rs
tlShtS and powers Such Ire.stea ,-.f %,
" ~ cur 10y Sc a public austiou. ~ rhe
- H"ei' IN Vac Nogouga of Manhattan ana
CIV Of New YORK (Which &. tA, ,Nr :, 49,
,.cn hen Was aequ.re1f. III .'o cloek y
v. on tAe l9tA eaA of Nor 1872 ali a4l
singular In" securities p'AdScf una.r said
col Ht"ral trust .s~Heul4n- VAtra an. more
particular Described as le,i,o.-.
dated Notsase Eve Pr Ce,s' cold fiori~ or
The Me phis street Rsass> ConnanN Is
iSutNay Company 70 the Central Trust COM
Yna,N OF New York. as Trustee. dated July :.
$4,000 principal amount or General
Mol'sase Fouds of The Memph's street. NaN
way company 'ssneI undei ans secured h>
'ier@i Mollg"Ss oI said Railway Company
i" The Guaranty Trust COMPANY oi New \ or,
a. Irnstee. dated November / fe'S
p" said securities VII Ne effs.sa Tor "a p
Soie To me /, ,shesi ana b"si bidder suh1evl .
hoNcNff. io the conditions hrfeffl Sfate.
,9 No n,a N-li = tesN'Ned unless iae bidder
sHab have fr>t deposited v.th the rrns ee o.
~ eN' llNlctf .tlinrH Thousand dollars
- Sl'''"e in cash or cerf Hed heci, fo-
ha' amount drawn fpon a bank tn In, civ
Trustee. as security for Che complellor of M.
pun hase o. said securities in secorslauce
Min his bid and these terms Of sale
The trustee win give appr~priate recoints
l@I al deposits 50 made and Will Immediately
ai,er the sal f"tuin 10 the unsuccessful
hijcrrs AMY deposits made hN them
The successful bidder viii be required 20
s'nm @ a memo andum OF his pmchase At the
price VIII he payable without fur.nsr notice
az the ofc" Of the Trustee. No 100 BROAD
way. New York. within seven DAYS af,er ,he
SAFE, the depcsit Of The successful bidder
nelns Applcable IL part payment thereof
The securities win be delivered upon pay
ment OF the purchase price in FULL
II the successful bidder shall fa' 10 com
piete the purchase of said securities H.. accord
nnce with his hid ard these terms of sale
such bidder shall be liable 10 th. Trustee
ior any loss or damag ge resulting from his
tuiure TO SO complete said purchase. imclud-
ing the expenses of any resale of saia
securities. and the Trustees may hold the
deposit OF such bidder and apply The same 10
'he payment OF any such loss damage.
Tho successsuf bidder. for the purpose of
making settlement payment for the securi-
ties. Will be entitled TO turn in Two Year SIX
fer CENT Collateral Gold Notes of Tire Mem
phis street Railway Company and any
nlatured and unpaid coupons thereof or IN
terest claims thereon. IL order that there
may he credited as paid thereon the sums
payable out OF the net proceeds of such SALE.
to the holder OF such notes coupons or
interest claiius, as bis rataNle share OF such
NJ" proceeds. after allowing for the proper
be paid in cash TO pay the costs and es
penses of the sale or otherwise. and the
sucCessiul bidder Will he credited on account
OF the purchase price of the securities with
The sums payable out of such net proceeds on