The Washington times., 1938-02-19
AUCTION SALES
THOS. J. OWEN b SON, AuctiOneaFs
1431 Eye Street, Northwest
Notice of Trustees Sale of All
Remaining Assets of Mount
Vernon Savings Bank.

To holders Of Participating Certificates
In the Mount Vernon Liquidating Trust.
and Creditors. Stockholders and Debtors
of the Mount Vernon Savings Bank. and
all others concerned:
NOTICE IS HEREBY GIVEN that the
undersigned Trustees of the Mount Vernon
Savings Bank, in liquidation, pursuant: to
authority in them vested. will offer for
sale, at public auction to the highest bid
der or bidders, at the office of Thos. j
Owen & Son. auctioneers. 1431 Eye Street!
N. W.. Washington. D. c., or at such other
place to which the sale may be adjourned,
beginning THURSDAY. MARCH THIRD.
ds$S ek DstTsen x S f. hs hours nod ot
p. NJ, and between the hours of One
thirty P. NJ. and Five o'clock P. NJ, and
each business day thereafter at the same
all items are sold. all the remaining assets
of the MOUNT VERNON SAVINGS BANK
except cash and cash items. consisting of
improved and unimproved real estate, and
estate notes. stocks. bonds, secured and
unsecured promissory notes, judgments. ac-
counts receivable overdrafts and other
choses in action. office furniture and fix
lures and other chattels. and unknown
claims and non-ledger assets, If any. less
such items as may be paid or otherwise
disposed OF prior to the date of sale herein
mentioned. such changes to be announced
at time of the sale.
descriptive list as of December 81,
1887. of tho remaining assets SO offered
!
may be examined by prospective bidders
at Room 206 Machinists Building. Ninth
Street and Mount Vernon Place Northwest.
Washington. D. c.. or at the office Of the
auctioneer on the date of sale. Catalogues
of the assets to be sold will be available
on and after February Fifth at Room
2o6 Maehinists Buildins.: Ninth Street and
Mount Vernon Place. N. w.. to prospectiv0
bidders upon making deposit of $4,000.
which deposit will be refunded upon the
return of such catalogues.
GaiI will hA al xT-tt
and without warranty of any kind or
character.
All the assets will be offered for sale,
when ali Of the Individual items have
been offered for sale. the assets will then
| be offered for sale as an entirety, and II
the highest bid as an entirety received and
noted exceeds the total of the bids for
individual items received and noted, the
assets will be sold to the highest bidder
as an entirety: otherwise the assets will
highest bids received and noted for indi-
vidual items. All bids for individual items
offered will be received and noted only
on condition that the said items may sub
| tirety. 49,
Bidders on the assets as an entirety
must qualify by. making deposit Of
S25, 900 90 with the auctioneer, il, cash or
certified check or cashiers check on
bank or trust company in the District of
Columbia, before making. a bid for the
qualify to bid for Individual items by de-
posting with the auctioneer, in cash or
certified check or cashiers check on some
bank or trust company in the District OF
| Columbia, any amount not less than
$50 90. and upon making such deposit will
be issued a catalogue to be returned at
the close of the sale, and will be en-
titled to bid on any item or items to.
of such deposit.
Any person not having qualified as
herein provided will be required to pay.
in cash or certified check or cashiers
check on a bank or trust company in the
District Of Columbia. for any item at
the time such bid is received and noted.
the auctioneer will Immediately proceed to
reoffer such item for sale and no further
bid shall be considered from such bidder.
Any amount deposited by. a successful
bidder to qualify which IL less than the
total purchase price. will be retained and
applied on account Of the purchase price:
any amount deposited by successful
bidder to qualify in excess Of the pur-
chase price will be returned to such sue.
cessful bidder
ANY or all deposits made by any bidder
for an individual item may. so far as
required deposit IN order to qualify him
to bid when the assets are offered for
sale as an entirety.
cessful bidder will he returned to him
when the item shall be knocked down to
some other bidder
ANY successful bidder may assign or
transfer his bid.
! The purchaser may at the time of
settlement deposit with the Trustees on
account of the purchase price. at their
dstributive value. Participating Certif-
oates OF the Mount Vernon Liquidating
Trust entitled to be paid out of the pro-
ceeds of the sale
TERMS OF SALE: ALL CASH. Settle
ment to he made at Room 2o6 Machin-
Vernon Yer Piace, n W.. washington. D DC. c.
within thirty days from date of last daV
of sale or the deposit will be forfeited.
and such asset or assets resold at the
cost and risk of the defaulting purchaser
after five (Sl days previous advertisement
of said resale in some newspaper pub
lished in Washington D. C, or without
forfeitinE deposit Trustees may avail
Themselves of any legal or EQUITABLE
rights against detau1tinT purchaser
Rents taxes and insurance. etc. on real
estate nr anv other prepaid item. will
he adjusted as NJ the date Of settlement.
Examination of title convevancing. record
ing notary fees and revenue stsmps. on
real estate transfers, 10 he at tho cost
of the purchaser
All real estate sold subject In sncum-
hrances and leases IL any. as stated in
the catalogue or announced at the time
of sale
The Trustees reserve the right to reject
any ''''' a'' THOMAS f BURKE.
F. C. DAWSON
i FLAVFLLE KOSS
Trustees of the Mount Vernon
i Savings Bank In Iinuidation