Detroit evening times. (Detroit, Mich) 1921-1958, 1943-12-12
NOTICE OF SALE
OF YARD AND rot IPNENT or
lfRNLS COAL A SUPPLY CO..
sl3s Michigan Ave.
Detroit. Mich.


STATE or NrCHfGAS IN ~, c,rrpi.
Court Tor the County o. WAYNE In Char.
Gerry. White Oak Coal Company a West
Virginia Corporation, and Consolidation
Coal Company. Delaware Corporation
Plaintiffs, vs. Ternes Coal and SUNNY
Company a Michigan Corporation. Aiber,
= Terres. Paul r Ternes and Howard
Iernes. Defendants. At session % said
Court held IN the Wayne County Building
Detroit Michigan this 8Oth day Of No
ttmhef. A - 1873 preFeni Honorable
James p Chenof Circuit Judge on rad
NIX and fling the Petition 81 Charles
NusfnhJin Receiver. recommending a sale
on the assets % debtor corporation. eX-
ceptlng cash. accounts receivable prepAs "A
items cssh deposits In escrow and dam.
ase claim arising out % fire loss and II
sppeaf-t-s- 20 The Court that said sale
should be held on motion o. Max Kahn
Attorney Tor the Receiver. " - ordered
That the Receivers petition FOR perni..
sion 20 conduct a sale be set Tor hearing
on Friday, December J.. 1919 A. 90
O'Clock ln the afternoon in court room
number so8 WAYNE Counts RaUdtng In
me cts Of Detroit state ~ Michigan.
m.
That al creditors ara parties In lnferes,
of record ard their Attorneys excepting
current creditors az fhc Receiver whose
accounts viii be paid M run a. a part 81 \
The admlnistrati0n expense 81 this estate
are ordered ts show cause " ans they
have or FRIDAY. Decen be- - 1919 IN
court room number 400. WAYNE County
Building Al 3 90 O'Clock IN the afternoon.
why sale should not be rnafN As PRAYED
for hy inf Receiver ard why the terms
and conditions Of such sales as recon-
mcnded by the Receiver should not he
followed
The Receiver is authorized ard directed
70 accept sealed bids for said assets sub
ieci % The above exceptions which said
bids shall BE- accompanied by ceposit %
go Ia 80 ffFna
an evidence Of eood farm ana 10 assure
performance in the event ~ confirmation
said sealed bids SHAH De opened hy the
Receiver in The presence ~ the Court and
parties appearing ~ ne hearing 20 be
held on December II, 1919. az 90 O'Clock
IN the artetnoon of said day IN this
Court The highest. most satisfactory
cash bid viii be subject % confirmation
a. said hearing. or thereafter. unless cause
is shown 10 the contrary
~
The Receiver - authorized and directed
to notice an auction sale 81 said assets
subject 10 the above exceptions 20 be held
on Thursday. January Is. 1894 AZ 90
O'Clock IN the afternoon, a. the Michigan
Avenue Yard 81 debtor corporation, 6i32
Michigan Avenue. Detroit Michigan SAID
sale shan be subject 20 confirmation at a
hearing 20 be held before This Court; IN
room mum Der 400 Wayne County Building
Detroit. Michigan. on Friday. January :
1874 AZ 90 O'Clock IN the afternoon or
sale will be held only IN the event that
no offer under the sealed bids at private
sale Is confirmed AZ mo hearing on De
cember ~. 1853 or thereafter In event
an auction sale Is held 'hs Receiver Is
authorized 70 employ an auctionser 20
conduct the same the expenses and com
pensa'ion ~ The auc'ioneer ~ be subject
TO the approval Of this Court.
That NJ said auction sale ~ held the
assets ~ The debtor corporation. excepting
cash. accounts receivable. prepaid items
cash deposits IN escrow and damage claim
arising out of fire loss but including iis
equity IN us Michigan Avenue Yard, svi-
denced by land contract covering purchase
OF the same. It's remaining personal prop
erty. including trucks. truck parts and
equipment, conveyors, wheelbarrows and
misCe llaneous yard equipment. car unload
ing machines, cranes, scales miscellaneous
hand tools and equipment. office furniture
and fixtures, machine shop equipment
lumber cutting tools. miscellaneous lumber
and building supplies. its franchise and
goodwill will be offered 20 the highest
bidder or bidders for cash IN parcels and ,
IN bulk each bid 10 be accompanied by
deposit OF twenty-five ESQ per cent
thereof.
vi
The Receiver shan maintain in the office
81 DE- btor corporation at 6l32 Michigan
Avenue Detroit. Michigan. a complete list
and inventory of all property OF debtor
corporation 10 he sold and the property
and the list shall be subject 10 inspection
on the part OF any interested buyer every
business day until sale during regular
business hours Any further information
desired may he obtained ny contracting
the Receiver A. the office ~ the debtor
telephone number Lafayette
5S0o.
JAMES r. CHENoT.
a true copy Circuit Judge
cAsPAR . LINGEMAN, CLERK.
AftoNnev Tor Receivers
1870 National Bank Building.
oa