The Washington times., 1938-02-05
Notice of Trustees Sale of All
Remaining Assets of Mount
Vernon Savings Bank.

To holders of Participating Certificates
in the Mount Vernon Liauidating Trust.
and Creditors, Stockholders and Debtors
of the Mount Vernon Savings Bank, and
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
der or bidders, at the office of Thos.
Owen & son, auctioneers, 143l Eye Street.
n. W. Washington. D. c.. or at such other
place to which the sale may be adjourned.
1888. between the hours of Nine-thlrty
o'clock A. M. E. S T., and Twelve-thirty
P. NJ. and between the hours of One
thirty P. N and FIVE o'clock P NJ and
place and during the same hours, until
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
equities therein first and second trust real
estate notes. stocks, bonds, secured and
unsecured promlssory notes, judgments. ac-
counts receivable. overdrafts, and other
chooses 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.
A descriptive list as of December 81
1887. of the remaining assets so offered
for sale is contained in schedule which
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 Machinists Building, Ninth Street and
Mount Vernon Place. N. W. to prospective
bidders upon making a deposit of $4,000,
oI(h will Ho TafnnHnd
return of such catalogues.
Said assets will be sold without recourse
and without warranty of any kind or
character
All the assets will be offered for sale,
item by item, as listed in the catalogue.
When all 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-
vldual items. All bids for individual items
offered will be received and noted only
on condition that the said items may sub
sequently be Offered and sold as an en-
tIrety.
Bidders on the assets as an entirety
must qualify. by, making deposit OF
bank or trust company in the District of
Columbia, before making bid for the
assets as an entirety All persons may
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-
falling not to exceed ten times the amount
| of such deposit
Any person not having qualified as
herein provided will be required TO pay.
| in cash or certified check or cashier
check on bank or trust company in the
District of Columbia, for any item al
and upon failure to make such payment
the auctioneer will Immediately proceed to
reoffer such item for sale and no further
bid shall be considered from such bidder
bidder to qualify which is less than the
total purchase price. will be retained and
applied on account of the purchase price:
any amount deposited by a 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
applicable be applied on account of the
required deposit in order to qualify him
TO bid when the assets are offered FOL
sale as an entirety.
ANY deposit received from an unsuc
cessful bidder will he returned to him
when the item shall be knocked down tc
some other bidder.
Any successful bidder may assign o.
transfer his bid
The purchaser may. at the time o
settlement deposit with the Trustees OF
account of the purchase price. at then
distrlbutive value Participating Certifi
Gates Of the Mount Vernon Liquidatini
Trust entitled 10 be paid out of the pro
ceeds of the sale.
ment to to he e made at Room EOS Machin
lists Building Ninth Street and Noun
Vernon Place, n W. Washington. D C.
within thirty days from date of last da'
of sale or the deposit will he forfeited
D and such asset or assets resold at tn
, cost and risk Of the detaultinE purchase
t after five (Sl days previous advertisement
3 of said resale in some newspaper puh
!. nshed in Washington, u C.. or withou
S forfeting deposit Trustees may avsr
e Themselves Of any legal or equitable
!. rights against defaulting purchaser
It Rents taxes and insurance. etc. on rea
i estate or any other prepaid item, vii
70 be adjusted as of the date of settlement
|. Examination of title conveyancing record
Is ling notary fees. and revenue stamps. q
" real estate transfers, TO be at the cos
l. of the purchaser
10 brances and leases. If any. stated !
D. the catalogue or announced at the tim
D. of sale,
d The Trustees reserve the right TO reiec
le '''' ~ THOMAS r BURKE,
!. r C. DAWSON.
T. E FLAvELLE Koss.