The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-01-15
Legnl Notices

bNGIe0I taken - VI OeCemDeI 1St. 1896
and on file at sud premises, and also
all manufactured products held on con-
Signment by Con mental Optical Sales
Company or any other persons, with such
between the day when said property is
offered FLOR sale and the day of consum-
nation Of sale: as ,hereinabove expressly
trade-names, copyrights, patents. appli-
cations Cor patents and inventions per-
tanning to any product or to the process
featured at said plant; and also all
books. records and papers pertaining to
the manufacture and sale of the products
ma paqcef No s ldi0 ta an tangible
sonal property of said Continental OPP
teal Corporation located at 1902 North
ea6s Aynue Of in indiana ths city and Gf no9 aaf IN
operation by Ward n Hackleman as an
cillary Receiver of Continental Optical
CORPORATION in tie Probate bate. Court Of y
plant for the manufacture of opthalmic
lenses and lens blanks, and consisting
OF machinery, motors, tools, mechanlcai
furniture and fixtures and all factory
equipment, raw materials, goods IN
process of manufacture, finished products
in said plant on the day the same Is
offered for SALE. the character Of which
Is DESCRIBED in E physical inventory
on on fiie at said premises, and also all
manufactured products held on consign-
ment by Continental Optical Sales Com
pany or any other persons, with such
variation in the merchandise inventory
between the day when said property is
offered for sale and the day of consum-
nation Of sale, as hereinabove expressly
trade-names, copyrights, patents. applica-
tions for patents and inventions pertain
ing to any product or TO the process OF
manufacture of any product manufactured
at said plant; and also all books. records
and papers pertaining to the manufacture
and sale of the products manufactured
Parcel No. 4-All the furniture and
fixtures owned by Continental Optical
Corporation and under lease to Con-
tinental Optical Sales Company, located
chusetts, and Chicago, Illinois, accord
ing to a physical inventory, OF such
furniture and fixtures on file at the
6apo AT 0I the city a8 If nda aT91
Parcel No. 5-shares Of stock in other
corporations, or any interest therein.
TRACTS t lS Or from the uniawfal taking Or
said Continental Optical Corporation. and
all judgments. claims and demands what
deposits and bills, notes and accounts re:
ceivable belonging to or owing to safe
Continental Optical Corporation on May
Springer. Esq, was appointed Receiver in
tits proceeding and Z y belonging or
owing to said Receiver Harry T. 1 Springer ~
to said ancillary EeseiyeIF W Rsoeiv Il;
Robert s. Sinclair. An itemized list of
the Letters Patent and patent applica-
tions of Continental Optical Corporation
s ssid 0 R PTsPafHas ar a90 g spn S M n
and at the indianapolis plant OF said
Continental Optical Cooperation.
The said property above referred to as
Win VII fSe e 6Sgred ' for sale Upon he follow
ing terms and conditions e, to1,wit:-- re.
viii Hai frst s oer All of said persohsi prop
erty with the, exceptions above referred
tol for receipt Of bids thereon as an
basis will then offer the said property
referred to- ard receive, bids for such
separate parcels separately.
No bid or bids for said property. either
as an entirety or in separate parcels, VIII
be received by said Harry 7; spruce Ell
b1 deno anies If T cash s9 or diy csrted
check payable to said Receiver in an
amount equivalent to at least fifteen Cl5)
per cent of such bid. All BID or BIDS re-
proper deposit will be reported by the
said Receiver to the Court Of Chancery
of the. State Of Delaware in the above
proceeding on the tenth day after the
upon which day any objections or excep-
lions to confirmation OF sale upon. any pa
or bids received shall be filed in this pro-
ceeding. Upon acceptance and confrma-
ton by the Chancellor in this proceeding
of any bid or bids for or that include the
property which is held by said Receiver
Harry r. Springer. and the acceptance
and confirmation by the Probate Court OF
Marion County. state of Indiana, OF any
ed or Tb 5S IS held P b the Sncry R
ceiyer therein, Ward H; Haekleman,
andY or the acceptance and confirma tlon
by the Court Of Chaneery Of the State OF
New Jersey Of any bid or bids for or
that include the property which is held
by the ancillary Receiver therein, ROBERT
S. Sinclair, as the case may be; then,
in such event. the balance due on any
bid or bids SO accepted and confirmed
shall be payable by the successful bidder
or bidders upon tender or delivery there
proper instruments for transfer of title to
said property within thirty days after
such confirmation or combinations of
sale as The case may 5 De- bd DEPOSITS fo
accepted and confirmed shall be returned
to the depositor or depositors immediate.
" after acceptance and cenfirmation OF
bid or bids are approved and confirmed
as aforesaid, and proper transfer Of the
property, covered BY such bid or bids has
been duly rendered, the successful bidder
or bidders fail to pay the balance Of
such bids or bids within the said thirty
day period or such extension thereof, IL
any. as may be provided for under sub
deposits so made by such bidder or bid
ders with said Harry T. Springer. Re-
ceiver, shall be retained by him as
by the estate in the hands of said
Receiver or Receivers by reason of the
failure of such bidder or bidders to con-
for. No successful bidder who defaults
in the payment of his bid or bids, as
aforesaid. shall have any right title OF
by his bid Any reorganization commit
tee, creditors committee or other parties
holding valid claims against the. said
submit bid or bids for any Of the prop
erty so offered for sale by said Receiver,
Harry z Springer. shah. in the event
their the bid or bids is or are accepted a and
right to use such claims by surrendering
same to said receiver. Harry T. Springer.
and have such claims applied in lieu of
of such bid to the extent that such
claims are entitled to share in the
receivership assets as determined by said
Court Of Chancery Of the State Of Della
All said property above referred to will
be offered for sale free and clear Of
al liens encumbTan Tss and claims i'm
upon any property sold will be trans
ferred to the fund derived from the sale
Ior Que allowance ana payment accord
ing to their respective priorities.
The Chancellor Of the State Of Della
ware reserves the right. at any. time. or
from time to time. to make such DEGREES
in the above proceeding. amendatory or
supplemental to the decree of the 5th
day Of December A. D. 1928. as above
referred to, either upon the application
Of said Receiver, Harry T. Springer, or
of any interested person or persons, or
upon his own motion as said Chancellor
shall deem expedient or proper. and said
personal property above referred to is
SO offered for sale upon the condition
that the, said Court Of chancery of the
State Of New Jersey and the Probate
Court of Marion County, State of In
diana, respectively, in the receivership
proceedings above referred to. upon the
acceptance and confirmation of any bid
which covers the property in the pos
session Of its respective Receiver. as above
mentioned, may impose such additional
conditions and terms relative to the sale
of such property as said Courts, re-
spectiyely, may deem necessary or ex-
pedient
For further particulars. as to the terms
and conditions upon which the property
above mentioned is offered for sale, etc.
reference is made to the said decree of the
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