The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-04-15
Legal Auctions and Sales
NOTICE OF RECEIVERS SALE
FOUNTAIN REALTY COMPANY

NOIIL OF RECOVERY SALE
FOUNTAIN REALTY COMPANY
Notice Is hereby given that on Wednes-
day. April ~, 1882, at the hour of 1000
o'clock a. m, at the south door of the
an order OF the Marion Superior Court,
Room 5, made and entered on the 14th
day OF April. 1892. in Cause No. A-61765,
Fountain Realty Company" the under
signed Receiver will sell to the highest bid
der the following described real and per-
Dorfiop D pr : Tsyy;sbt6 ! term The Fl n@=, TnffxpiTTea
1897 years upon the following described
real estate in the County Of Marion, to-
wit:
Lots One ~. Two ~, Three (s) and
Four a. in Square Two az in Martin
dale's South Addition to the City Of
Indianapolis,
created by a certain lease. dated October
20. 1925. from Fletcher Savings and Trust
Company, Trustee, under and by virtue of
the last will n testament of William
virtue of a certain written family settle.
ment agreement. duly executed by all of
the heirs Of said decedent and of the bene-
ment Of said d%ecedent, which family set
Element agreement was duly approved and
declared to be in full force and effect by
nnd judgment n T.s and decg 5ss duly MAGE and
in the case Of william H. Mohs VS..
T TT;ts.s Savings and Trust Company;
~ SN ~ G0 AScS0As W. 1 AeN0AVy
Lessee; which leasehold term was ex-
amined and approved by the Probate Court
1925, and recorded is Miscellaneous Record
164, page 300, on october 81, 1925, in the
office of the Recorder of Marion County.
Indiana: and which leasehold term was
duly assigned to Fountain Realty Company
executed April I. 1927. and recorded in
1s44s. on April 50. 1897, in the Office Of
the Recorder of Marion County, Indiana
Subject to certain. existing subleases. cur
rent taxes not delinquent, municipal i'm
provements not delinquent, etc.. together
with the figures and personal property sit
uated upon sad leasehold and heretofore
owned by Fountain Realty Company. GER
tain cash, and certain intangible personal
property heretofore belonging to Fountain
Realty Company and the undersigned Re
rights, whish leasehold and other property
are hereinafter referred to as the Re
seivership Estate" Said real and personal
property will: be sold free and clear OF all
stockholders of Fountain Realty Company.
and free Of all liens and encumbrances ex-
for 1851 payable in 1855. and asssssments
for municipal improvements, il any. and
subject to existing ~tenancies. all of which
the purchaser shall assume; and the pur-
chaser at sad sale shall also assume the
obligations OF the Lessee under said ninety
The premises hereinabove described are
located at the southeast corner OF Foun-
tain Square in the City of Indianapolis
and the building situated thereon is gen
orally know as the Fountain Square
Theater Building"
Possession after said sale will be de-
liveTed to the successful bidder as of
terms Of sale. and all rentals and insur-
ance will be pro rated as of such date.
Said order of sale authorizes the under
sisned to receive proposals for the sale
OF the Receivership Estate either. for cash
or for the obligations and securities Of q
new corporation proposed in q certain Re-
organization Plan sponsored by the Stock
the preferred stockholders OF Fountain
Realty Company and by the undersigned.
Copies of such Reor ganization Plan and
Of the proposed form OF mrotage referred
to therein are being mailed under date of
April is. 1882. to all creditors Of Fountain
Realty Company and/ or the undersigned
and all preferred and common stockhold-
ers OF Fountain Realty Company. Addi-
and proposed form Of mortage may be
obtained at the office Of the undersigned
by persons interested.
Said order of sale provides that no bid
shall offer to paw the sum of at least
Four Hundred Nineteen Thousand Six
Hundred Dollars t$4l9, 5000 and unless
such bid for cash shall be accompanied by
a certified check acceptable to the Re-
ceiver for at least Ten Thousand Dollars
(sl0.o00) as security for the performance
of such cash bid
Acceptance Of any and all bids shall be
Court Of Marion County, Room S.
Further information may be obtained
from the undersigned during business
hours at his office, 42s Illinois Building,
indianapolis, Indiana.
Receiver.