Detroit evening times. (Detroit, Mich) 1921-1958, 1943-12-05
NOTICE OF SALE
OF YARD AND EQUIPMENT or
TERNEs COAL & SUPPLY Co.,
e1Ja Michigan Ave.s

Via fHtSsssoH H'vss
Detroit, Mich.
343,l22
STATE OF MrCHfGAN--rn the Circuit
s cSs %n tie o SSan eo. e %sss %;
Virginia Corporation and ConsoiidAtoin
Coal Company, Delaware Corporation.
Plaintiffs, VS.. Ternes Coal and supply
p 4srns: Paul ' y T.rn.s s's snd Howard
Ternes, Defendants. A. q session Of said
Court held In the Wayne County Buildins.
Detroit. Michigan, this 30th day OF No.
James II. chenot Circuit Judge. On read.
ing and filing the Petition OF Charles r.
Nussbaun, Receiver. recommending sale
OF the assets OF debtor corporation. ex.
ceptins cash. accounts receivable, prepaid
age claim arising out Of fire loss. and
appearing 20 the Court that sai0 sale
should be held. On motion Of Max Kahn,
Attorney for the Receiver. Il u erdsrss
That the Receivers petition for psrmis-
sion TO conduct sale be set for nearing
on Friday, December IL, 1e<3, at 500
number 4oe. Wayne County building. ~
the City Of Detroit, state OF Michigan.
That all creditors and parties In inherent
current creditors OF the Receiver whose
accounts will be paid In full - part o<
the Administration expenses OK this estate,
are ordered 70 show cause, u any they
have, on Friday, December IT. 1913. in
court room number 400. Wayne County
Building, at $500 o'clock IN the afternoon,
why q sale should not be naads as prayed
for by he Receiver ana Why the terms
mendsd by the Receiver should not b
followed.
The Receiver r. authorized and directed
20 accept sealed bids for said assets. sub
jet to the above rxcsntions. which said
twenty-five tzoqs) per, cent Of the bid a.
performance IN the event Of CONFIRMATION.
Said sealed bids shall BE- opsnsd by the
Receiver in the presence OF the Court and
parties appearing at the hearing to be
held the &c Il s :.a d: soo ia s
court. The highest, most satisfsctory
cash bid will be subject 10 confirmAtioa
at said hearing. or thereafter. unless eauso
Is shown to the contrary.
The Receiver IL authorised ana dirsctsd
10 notice an auction sale OF said assets,
subject to the above exceptions, TO be hsld
O'Clock In the afternoon. ~ the Michigan
Avenue Yard OF debtor corporation, e13z
Michigan Avenue, Detroit, Michigan. said
sale shall be subject TO confirmation at .
hearing to be held before this Court, In
room number 400. Wayne County Building,
! Detroit. Michigan. on Friday, January z.
| 1914. at 800 O'Clock In the afternoon. or
at any adjourned hearing. Said auction
sale viii be held only In the event that
no offer under the sealed bids at private
sale 10 confirmed At the hearing on De-
\ cember II, 1919, or thereafter In event
an auction sale Ia held. the Receivsr In
authorized 20 employ an auctioneer 70
/ conduct the same. the expenses and com
/ pensation OF thu auctlonser TO be subject
to the approval of ,hI' Court.
i That 81 eafd aucffoO aaIa "A hal h.
assets Of the debtor corporation. excepting
| cash. accounts receivable, prepaid items,
| cash deposits In escrow and damage claim
s5sy 10 oui i, % Mebssn As S-s Ys1a .y
denced by land contract covering purchase
OF the same, us remaining personal prop
erty including trucks, truck parts and
l equipment. convsyors. wheelbarrowe And
miscellaneous yard equipment. car unload
4 Ing machines. cranes. scales. miscellaneous
hand tools and equipment. office furniture
and fixtures, machine shop squipmsnt,
| lumber cutting tools miscellaneous lumber
and building supplies. its franchise and
1 goodwill Will heN offered to the hlgheN
bidder or bidders for cash In parcels ard
I IN bulk. each hid 20 be accompanied by
deposit OF twenty-five t25%) per cent
thereof.
The Receiver shan maintain IN the office
Of debtor corporation, at s137 Michigan
\ Avenue. Detroit. Michigan. a complete list
and inventory OF al property Of debtor
/ corporation 10 be sold aud the property
and the list shall be subject 20 inspection
/ on the part o. any interested buyer every
/ business day until sale during regular
\ business hours. Any further informstioa
/ desired may be obtained by contactinG
/ the Receivsr AZ the Office % the debtor
|. corporation, telephone number Lafaystte
$500.
JAMES y. cffESoT.
c1sPxa Z LrNoExAE. cisrs.
MAX KAHN
n Attorney To- Rscslvsr.
ioso ks,iessi ss.. IsaSiss.