The Washington times., 1938-02-12
Notice Of Trustees Sale of All
Remaining Assets of Mount
Vernon SAVINGS Bank.

AZ noIueFs OF Participating Certltlcates
In the Mount Vernon Liduidating 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. ],
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,
1923, between the hours of Nine-thirty
P, M. and between the hours Of One
thirty p. M. and Five o'clock P. M, and
each business day thereafter at the same
place and during the same hours until
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 promissory notes, judgments, &C..
counts receivable. overdrafts, and other
chooses In action, office furniture and fix.
lures and other chattels, and unknown
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
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
Mount Vernon Place. N. W.. to prospective
bidders upon making q deposit Of $50. 90,
which deposit will be refunded upon the
return of such catalogues.
sad assets viii 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.
been offered for sale. the assets will then
be offered for sale as an entirety. and If
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
be declared sold TO- the makers Of the
highest bids received and noted for indi-
offered will be received and noted only
on condition that the said items may sub
sequently be offered and sold az an en-.
tirety..
must qualify by making a deposit Of
$25. 900 90 with the alctioneer. in cash or
certified check or cashiers check on Q
bank or trust company in the District Of
assets SSO' as an entirety. All persons per- ' 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
$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
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
ANY amount deposited by. successful
bidder to qualify. which is less than the
total purchase price, will be retained and
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 for
ANY deposit received from an unsuc.
cessful bidder will be returned to him
when the item shall be knocked down to
some other bidder
ANY successful bidder may assign or
transfer his bid.
settlement. deposit with the Trustees on
account of the purchase price. at their
distributiVe value Participating Certifi-
cates OF the Mount Vernon Liduidating
Trust entitled to be paid out of the pro-
TIE TERMS OF SALE: ALL CASH. Settle
ment to be made at Room 200 Machin-
lists Building, Ninth Street .s,ns.oI and Mount
within thirty days from date Of last day
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 (5) DAYS previous advertisement
of said resale in some newspaper. pub:
forfeitinE deposit Trustees may avail
themselves of any legal or equitable
rights against defaultinE purchaser.
Rents taxes and insurance; etc. on real
he adjusted az. of the date Of settlement.
Examination Of title. conveyancing. record
ing notary fees and revenue stamps on
real estate transfers, to be at the cost
Of the purchaser
the catalogue or announced at the time
Of sale.
any '"N a'' THOMAS z. BURKE.
f. C. DAWSON.
r ELAVELLE K0Ss.
Trustees Of the Mount Vernon
Savings Bank. In Liquidation.
QT7INTER AND SOTHoRON.
s1B Fifteenth Street. N. ".
SnR RAr,oatAaa