New-York tribune., 1922-12-06

"E""NN
tho numB hid b. such Purchaser taks
such property and receive the deeds or
other Instruments Of conveyance and
transfer thereof subject 20 any snd Ell
taxes and Assessments and contractorf
and mechanics liens and purchase money
BE- len upon any Of said property pur-
chased AZ said sale;
Provided. however. that ths proceeds
Of sale of rald Parcel - or the portion
Of the proceeds Of sale ~ said Parcels
A. y and c. n sold together and a. an
entirety. deemed 10 BE- the proceeds Of
sale Of said Parcel u az IN the Final De-
cree provided, WIN stand IN lieu of and
Represent said Parcel n and viii BE- sub
jcct 20 the LENA n any, heretofore or
hereafter determined 10 have existed on
Decree said Parcel y WI BE- sold free
aud clear Of such Hens. II any.
w said sale viii be made IN the fol-
loving manners
ta) The Special Master will fr-t onsr
for rais separately and a. an entirety
90 Parcel A All OF the property covered
by the lleE OF the First Mortgage. dated
September 4. 1917. made By Chalmers
Motor Company TO Metropolitan Trust
Company OF the City Of Sew York. a.
trustee. whether or not hereinaboVo ape-
cincally described. and will note the
highest bid therefor.
for sale separately and a. an entirety as
Parcel . All Inventory on hand of the
Chalmers Company or the Receiver, and
will note the highest bid therefor.
(e) The Special Master viii next Of
fer for sale separately and a. an entirety
a. Parcel c all other property and In
terests Ia property of every Kind. char
acter and description OF the Chalmers
Company or the Receiver, not covered By
the lien OF said First Mortgage, whether
or not hersiaabova specifically described.
and vii note the Highest BID therefor.
td) The Special Master will next oner
FOR sale as an entirety Parcsis A, y and
q together and Will note the highest bid
therefor.
II the highest bid received for Par
cells A. Is aud &, when offered Tor sale
together and a. an entirety, shall exceed
tho aggregate of tho several highest bids
previously noted, a. hereinaboys pro-
vided. Tor said Parcels A. - and when
offered separately. then eaid highest bid
for said Parcels A, - AID G, when Of
fered together and a. an entirety viii
be accepted and all tho property com.
prised On said Parcels \. B and Will
bo stricken on and sold a. an entirety 20
tho highest bidder therefor, and the
highest bids noted. a. Aforesaid. for said
several parcels when 0ncrcd separately
will BE- cancelled. II. however, the high.
est bid received for said Parcels A, j
~ an entirety shall not ercecd the eg'
greFate Of the several Highest bids
previously noted for said Parcels 4, u
and e when said parcels were offered
sep rateiy, then said several highest bids
previously noted for said respective Par
| cells a. - and G when offered separately
| will be accepted and said several parcels
will be stricken on and sold 10 the per-
sons 20 noted as having made the highest
bids therefor, respectively. and the high.
"a 81 q
when offered together and 81 an entirety
noted a. aforesaid will be cancelled.
v The Special Master will accept no
/ bid from anyone Offering 90 BID, who
/ shall not. AZ least tWenty.four hours
prior 10 any Offering BY ths Special Mas
/ ter for sale under the Final Decree. de-
posit with the Special Master and deliver
/ 10 him as q pledge that he Gill make
good his bid In case of ita aeceDtancei
CD In case of Parcel A, when offered
separately. the sum Of tisb.ooo.0o In
cash or certified check on some national
bank or trust company In the city of
| New York or IN the CITY of Detroit
| Michigan. acceptable 70 the Special hss-
ter and made Or endorsed payable 20 nv.
order, or 1906. 10000 principal amount
Il OF First Mortgage Sir Per Cent Five
Year Gold Notes. hereinafter referred 20
az Mortgage Notes Of Chalmers Motor
| Company, secured By said First Mort.
]
April /. 1922. and october ], 1919, such
deposit may be made partly IN cash or
certified check and partly In Mortgage
Notes with coupons but In the same rela-
tive proportions.
t2) IN case Of Parcel n. when bnered
separately, the sum Of f22,bgo.Q0 m
| cash or certified check on some n.llonal
bank or trust company IN one ~ the
cities above mentioned. acceptable 90 the
Special Master and made or endorsea
payable 70 hts order, or isIbo0eo
principal amount In obligations ot oi
siaims against tho Chalmers Company
nled IN said consolidated cause within
tho period limited b. tho order Of said
! Court, and adjudlcated iu said cons0ll'
dated cause az secured BY lien OF
charge on the properly constituting said
Parcel y. accompanied BY appropriate
tr .nsfers thereof 20 the Special Master
/ or an appropriate assignment 20 th,
| Special Master Of a partial Interest q
tho extent OF said amount IN such an
| obligation or claim. Such deposit may
be partly In cash or oertined check and
partly In such obligations Of or claims
| against the Chalmers Company but IN
the same relative proportions
TO- In case OF Parcel c. when offered
separately, the sum OF tii,26oQo IN
cash or certified check on some national
bank or trust company IN one OF the
| cities above mentioned. acceptable 20 the
Speeial Master and made or endorsed
payable 10 his order, or ii23,15ooo
| principal amount IN obligations or OF
/ claims against tho Chalmers Company
filed IN said consolidated cause within
the period limited BY the order Of said
/ Court and established therein. accom-
/ panied by appropriate transfers thereof
20 thu Special Master or an. appropriate
assignment 10 the Special Master Of Z
| partial interest 20 the extent OF said
] L. ~ ~ I'm
or t123.75ooo principal amount OF
Mortgage Notes. accompanied by the
coupons OF April !, ie23, and october 1,
ls22. Such deposit may be made partly
IN cash or certified check and partly IN
obligations Of or claims against the
/ Chalmers Company and partly IN Mort
gage Notes with coupons but IA the same
relative proportions
tD In case Of Parcels A. u ard G,
when offered togothsr and a. an entirety.
/ tho aggregate OF such sums In cash or such
certified checks or Mortgage Notes and
coupons or obligations OK or claims
against the Chalmers Company Of such
/ character and 70 such amounts and ac-
companled by such transfers as would
be required under the foregoing clause.
| (D, t2) and (2) 10 qualify such person
/ 20 bid for each and every OF said parcels
when onsred separately.
In lieu Of the deposit Of MortgaEs
Notes and coupons or OF obligations or
claims with transfers thereof In accord
anoo with the requirements Of the fore
/ E0lng clauses or any OF them. the Special
Master will accept the certificate Of any
national bank or trust company In the
/ city OF New York or IN tho City OF De-
troit. Michigan. acceptablo 70 the Special
Master. that Il holds. subject 20 the or
der Of tho Special Master or subject 20
the order OF the person therein named
AID b. him transferred 10 the order Of
tho Special Master. Mortgags Notes ao-
companied BY the specified coupons or
obligations or claims Of the required
character with proper tfanaftfs thereof
\ deposit made 70 qualify any one 70
bid for a separate parcel shall. 90 far
a. applicable bo regarded a. q deposit
on account Of the deposit required 20
BE- made IA order 10 qualify him 20 bid
for ell Of the parcels when offered or
sale together. A deposit made 10 e1~li.y
anyone 70 bid for all Of the parcels when
offered together shall also qualify such
bidder 70 bid on any or all OF TIA parcels.
Any deposit received from an unsue-
cessful bidder will he returned 10 him
/ -t..- a.. smraargv nhal1 ~ aIFueh HoWn