New-York tribune., 1922-09-27
FORECLOSURE SALES

FORECLOSURE SALES
sales, and otherwise as may be directed
by, the Court III the event that tho said
bidder shall not make good his bid
90 In tho event any successful bidder
shall fail to make good his bid as the
Court shall direct upon the confirmation 10
may order resale OF the property snd
the said bidder shall be liable Tor al the
expenses pn,a thereof and for any deficiency
the payments thereto mads by such bddes.
t5) That In addition 10 tho cash de-.
sale as herenbefose required, which shall
r;cs or received fb ah s.i, Part Of the purchase
by Che purchaser or purchasers, upon the
confirmation of such sale, and from tinls
10 time thereafter as the Court may direct,
such further portion of the purchase price
lnants hereunder. except upon tho bonds
,S.nts used BY os such purchase in making pay,
nasr OF pn onsy SS rscsysd By the s sneGss
for deposit In the registry OF the Court
4.W 90 Tho O., Court reserves the right % re-
ure OF any purchaser to comply with tho
terms terms Of sale, or with any orders OF tho
spect thereof
Bids for the property when SOLD here
ments IN cash OF such sum Of sums as lie
Court may deem sufficient to meet;
t) The payment OF tho costs and all
expenses attendant upon the sale. Including
the compensation of the Special Maater
appointed to mako the sale.
t2l The payment of all charges COM
pehsauon, allowances. expenses and dig
nnrsements II, n,, Of Central Union Trust Com
peny OF New York. the compainan,s, and
of their solicitors and Counsel and OF tho
Receiver heretofore appointed and OF his
l71 all CItrh t,a
charges, allowances, compensation, eX-
psnses pen =, and disbursements ot the said par
Yes 10 said cause ana their Counsel. as
the Court shall order.
(2l The payment OF all taxea. asscss-
ments Sa9t ~ and Do other pubic chargss whiea
time OF sale prior to tina lien OF either of
The, mortgages herein foreciosed. principal
In the event OF the insufnciency of the
Pnolesld1S nl1 Of sale OF the the property dlrected to
5f sqd to TO bo pay yag II M Sn q the "n
nersa 1ul, t2l and ,(3J" last above the
70 require the payment OF such deficiency by
the purchaser under said sale. In the event
Of the failure or refusal of any such pur-
chaser TO pay such amount required 10
be paid within thirty (30) days after tho
entry OF the order requiring such payment,
or in the event tho purchaser Fails In any
other respect to comply with the terms Of
HIS bid, the Court reserves tho right 10 re-
take md resell the said property and ap-
ment of the deficiency rendering unto such
purchaser tho aurpius If any.
may, satisfy and make good the balance Of
his bid above the sum Or sums required to
delivering TO tho Special Master bonds duly
certified, issued and outstanding under the
mortsage os the defendant Railway Com
pany. dated January fst 1900. ara bonds Of
Tie defendant Hallway Company duly oerti-
fed, issued and outstanding under it's mort
gage dated October LIST. 1902. ami the cou-
afralr,
tho aforesaid bonds which said securities,
unless IN negotiable, form, payable to bearer,
blank; said bonds and coupons viii be re-
eeived by the Special Master at such value
TO be determined by tho Court upon the re-
equivalent TO the distrbutablc amount that
the, the holders thereof would be entitled to re-
cefve therefor from and out of the purchase
moneys I'm case the entire amount Of tho
bid wero paid in cash.
The Special Master may, in his discretion.
accept temporarily, Instead OF the actual ds
livery to him Of said bonds and coupons, no
certificate ot any bank or trust company
and coupons subject so the order Of said
Special Aiastei and will deliver thenl to him
upon demand for cancellation or other dis
L Is o condition nf the sale of said
property that the purchaser. or purchasers,
not fully executed contracts made by tha
Receiver since his appointment. for tho op-
grafton. maintenance and bettarmeut OF the
property IN the handf OF the Receiver.
The Receiver has been directed to file a
stetemfnt with ,he Clerk OF tho Court and
to the time OF sale. Said statement shall
ahow IN, such detail ~ he shall find praet-
obligations and liabilities contracted or in
Cured by him remaining unpaid under ali
pending uncompeted and not fully executed
contracts, and list of the contracts TO be
assumed by tbs purchaser, or purchasers
The statement 50 hed Ia advisory only and
IN no wise constitutes a warranty and such
fpr "a
lease from amy bid, because OF any omission
therefrom or representations theron.
Upon conflrmat ion Of sale and payment cf
The purchase price by the purchaser or pUY-
chascrs, and upon pompiiGnoe hy the par
chaser, OF purchasers, or his Or their as
sigug, with The terms of sale end orders of
Court made and to be made in respect Of
the payments as in the decree provided tho
Special Master will make, execute and de
liver to the purchaser, or purchasers. or TO
his or their assigns. proper instrument. or
Instruments. of conveyance, assignment and
transfer Of the property sold. in which
instrument, or Instruments. tha Receiver
under foreclosure heretofore appointed may
join.
The purchaser or purchasersareceivlng such
instrument or Instruments OF conveyance, as
ter shall be invested with, and shall hold
possession of and enjoy tho said property
s9nsyIa VI Inc ar @ @ hsrsb
appertaninq thereto. subject to the pro-
visions Of this decree, as fuliy and conf
peteiy as the said The Colorado Springs and
Cripple Creek District Railway Company and
the said Receiver now hold or enjcy, and
have heretofore held and enjoyed tho same.
and the said purehaae, or purchasers shall
property so sold, freed and discha rged OF
and from the lien OF each and all of the
mortgages foreclosed In and by this decree
and Of ana from any and ell liens arising
out OF any orders OF the Court, or action OF
the Receiver herein, except as otherwise iR
this decree specifically provided. and from
any and all right. title. interest and claim
OF The Colorado Springs and Cripple Cresk
District Railway Company, IT.. stockholders,
creditors and Receiver. and of any and ali
parties to this cause and to either OF the
causes consolidated herein. and of any and
all persons claiming by, through or under
them, or any OF thon, except iiereinabove
in this decree to Che contrary provided.
The Special Master has the power to ed-
journ said sale, from time to time. to a
future day by oral announcement, at the
time appointed FOR the sale. without prels.
dice to the notice of tho sale. and without
the necessity Of publishing any further no.
tice but the Special Master may. notwlth-
standing, give such notice h5' publication or
otherwise. as he shall think ft.
For other particulars reference is made TO
tho eaId decree of foreclosure and order OF
sale .hereinaeove referred to and Incorporated
nerein BY this reference.
IVORs o. wINGREN,
Special Master. Tos symes building. Denver.
Colorado.