The New York herald., 1922-03-18
LEGAL NOTICES.
NOTICE OF MASTERS

SALE or SHARES OF STOCK
NOTICE is HEREBY GIVEN that by vir.
Gerry of the State of New Jersey on February
3rd. 1922, In a cause wherein Kate 8. Good.
rich and The Farmers Loan and Trust Com.
pany, individually and as Executors OF and
Trustees under the Last VIII and Testament
OF Thomas A. Spev-y. deceased. are com
plainants, and Susan b. sperry and others
are defendants. l.. Edward Hermann. ESQ.
one of the Special Masters of said Court OF
Chancery. will sell at public auction 10 thu 4
highest bidder at the Chancery Chambers IN
Street, in the City Of Newark, New Jersey
on Wednesday. April 18th, 1922, at II o'clock
sale may be s sSares y Of t
capital stock of The Sperry g. Hutchinson
Company, a corporation OF the State OF New
Jersey, OF the par value of $4,000 each
Tho said The Sperry & Hutchinson Company
Is engaged in the Trading Stamp business.
Said shares win be sold as a whole and
made expressly subject to confirmation
thereof by said Court OF Chancery.
Prior TO the gale the Special Master win
TO deposit with him in cash, or by certified
check, $4,000. and at the conclusion of tira
sale he win require the highest bidder or
additional sum OF $4,000. AT the conclusion
of the sale all such deposits, except those
made by the highest bidder or bidders. will be
shall be confirmed by the Court the deposits
SO made by the successful bidder or bidders
his or their bid. and II the sale shall not
be so confirmed such deposits will be re-
turned TO said bidder or bidders. II ths
bidder or bidders shall fail or refuss to
consummate the sale by paying the balance
of such highest bid In the manner herein
deposits VIII be deemed 10 be liquidafed
damages resulting TO the said Kate 8. Good.
rich and The Farmers Loan and Trust Com
pany, Executors and Trustees as aforesaid,
by reason OF such failure and refusal. and
paid over 70 them as such by the Special
Master.
The purchaser OF said shares at the sale
will be entitled 10 receive all dividends or
other distributions made thereon, or rights
70 subscribe for additional shares OF Tbs
sperry Hutchinson Company by reason OF
the ownership thereof accruing subsequent
10 the 11th day of March, 1922.
The blsbsst & BIDDER or bIadsrs " wiIi i be re-
auired 70 pay to the Special Master In cash
or by certified check. on account OF the pur-
chase price OF such shares, such further
amount as with the sums aggregating $50. 900,
so 10 be deposited by such bidder or bidders
shall equal 30so OF such highest bid, and in
addition thereto at the option OF such bidder
or bidders shall also then ~ either SINH
lArly pay TO the Special Master tho remain
der OF the amount OF such bid, or CD Sc
cure the payment thereof In manner follow
ing, viz. by the delivery at such time 20 the
said Executors and Trustees OF promissory
Mates OF such bidder or bidders, payable 70
the order of the said Executors and Trus
tees, each thereof for an amount equal 10
one-eighth OF the remainder OF such highest
bid. payable with interest thereon seini-ar-
nuaiiy at the rate OF So per annurn, in five
equal annual instaliments after the dst-'
thereof. The payment OF all OF said pronis :,
sory notes i ,,es 70 be secured d & py ,hs dsposm
curities In which Trustees are authorized to
invest under the laws OF the State OF New
not less than fi5es OF the aggregate prin-
cipai amount OF all such promissory notes.
such collateral being limited, however. 20 th.
Il a.
states Government bonds: Co) stats and
Municipal bonds: 90 Railroad bonds: CD
Federal Land Bank bonds and in the event
that the collateral should be other than OBJ
legations OF the United States, or the stats.
OF New Jersey or New York, the market
value o. any particular security Is not 20
exceed i0a5 OF the total market value OF the
collateral. Each OF such pronissory notes
shall provide that U) upon the failure TO.
fully and promptly pay any insiailment Of
due thereon when due, the entire amount
thereof. and Of all Of the other OF said
prorissory notes then remaining unpaid :.
shalI theroupon become and DO irImedisseiv
duo and payable, and that IN the event OF
any default the holder Of said notes Is to'
have the right 10 sell the whole any part
Of said collateral at public or private rals
nt tho option OF such holder without either
advertisement or notice, and II sold at any
such public sale 20 become the purchaser OF
puch collateral free from all right Of re-
demption: (2) the payment OF any such IN
staiiment OF principal may be anticipated
pronissory notes on any day when semi
annual payment OF interest may becoms due
thereon: and ca upon the payment OF any
such instaliment OF principal amount on any
such protnlssory note there shall be sur
rendered 10 the maker makers thereof
proportlonate amount In market value Of the
bonds deposited 20 secure tho payment of
such promssory notes.
For further particulars reference N hereby
made 10 tho said decree on file with th-
Clerk OF said Court OF Chancery 81 Trenton.
New Jersey. A copy OF said decree may be
seen upon due application nj the office or
either the Special Master or the solicitors
for the sbove-named complainants.
u. EDWARD HERMANN.
Special Master IN Chancery.
rs Exchange Place.
Jersey City, NJ y.
KATE >. GOODRICH.
THE FARMERS LOAN 4
TRUST COMPANY,
ny w. r.. CARDOZo.
Vice President.
FgaalI Executors Of and Trustees,
Attest under the Last VIII and
"A. ". HEELY, Testament OF Thomas a..
secretary Sperry. deceased. Com
LINDABuRy. DEPuE q
FAJLKS,
Solicitors for Corrxlsinents.
Ida Broad Etx&st.
Newark ~ J.
Dstsd March iith fg22