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LEGAL SALES. Central Railroad and Banking Co. of Georgia. SPECIAL MASTERS' SALE. Notice is hereby given that in pursuance of a decree of the circuit court of the United States for the Southern district of Georgia, eastern division, entered on Aug. 26, 1895, in the suit of the Farmers Loan and Trust Company against Central Railroad and Banking Company of Georgia et al. and Alexander Brown & Sons against the Central Railroad and Banking Company of Georgia et al., consolidated cause in equity, upon the cross bill of the Central Trust Company of New York, we, the subscribers, special masters, thereby designated, will, on Monday, the 7th day of October, 1895, or the day to which we may adjourn such sale, at 12 o'clock noon, at the from door of the principal passenger station of the Central Railroad and Banking Company of Georgia, in the city of Savannah and state of Georgia, sell at public auction, without valuation, appraisement, redemp tion or extension, to the highest bidder or bidders, all the railroad, property, rights and interests described in the consolidated mortgage of the Central Railroad and Banking Company of Georgia, dated April 1, 1890, and upon which said mortgage is a lien, said railroad being described in said mortgage as follows, viz: 'Commencing at the initial point of said line of railroad of said railroad and bank ing company in the city of Savannah, in the county of Chatham, state of Geor gia, and running thence in a northerly and northwesterly direction through the counties of Chatham, Effingham, Screven, Burke, Jefferson, Vashington, ilkinson, Jones, Bibb, Monroe, Pike, Spalding, Hen ry, Clayton and Fulton, in said state of Georgia, to the terminal point of said line of railroad in the city of Atlanta, in said county of Fulton And, also, com mencing in the town of Gordon, in said county of Wilkinson, at a connection with the line of railroad of said railroad and banking company above described, and running thence in a northerly direction through the counties of ilkinson and Baldwin, to its terminal point in the city of Milledgeville, in said county of Bald win; together with all the estate, right title and interest of said railroad and banking company of, in and to the said lines of railroad, and every part and par cel thereof, including all rights of way road-bed, superstructu tracks, bridges trestles, viaducts, side-tracks, switches and switching apparatus, turn-tables, wat er-tanks, and signalling apparatus, all terminal facilities of every character wharves, warehouses, depot grounds, yards, stations, station houses, engine houses, coaling stations and machine and repair shops, and all engines, tenders cars and rolling stock and tools, machinery, materials, supplies and other equipment now held, owned or acquired by it or which It may hereafter acquire for use in connection with said lines of railroad or either of them. And also all equipment, supplies and ma terial, and all interest and title therein, owned by said Central Railroad and Bank ing Company of Georgia, or purchased or constructed by the receivers for use In the operation of said railroad or now in use on such railroad system. The same will be sold in the manner and upon the terms hereinafter stated, viz: The said property will be sold in one parcel and struck off to the highest and best bidder. The special masters will receive no bid for the property unless at the time of making the bid the bidder shall deposit with them either the sum of $25,000, or consolidated bonds secured by the said mortgage to the amount of $25,000 par value, of principal, as a pledge that said bidder will make good his bid if upon being reported the same is a.c. cepted by the court. Of the price for which said property shall be sold, there shall be paid in cash at the time of the sale the sum of $50, 000, the amount of any cash deposit whic may have been made by the bidder at the time of making his bid being received as a part thereof; and, also, upon the con firmation of said sale, and from time the time thereafter, such further portions 0 the said purchase price shall be paid in cash as the court may direct in order to meet the expenses of foreclosure and sali and allowed preferential claims. The court reserves the right to reject any bio and to retake possession of and resel said premises and property upon failure of any purchaser, for twenty days, to comply with any order of court requir ing further payment of such bid or any decreed preferential claim. The balance of the purchase price not required to be thus paid in cash may either be paid in cash or the purchaser may satisfy and make good said balance of his bid, in whole or in part, by paying over and surrendering to the special mas ters outstanding consolidated mortgage bonds and overdue coupons appertaining thereto or either; said bonds and coupons to be received in satisfaction and paymen on such bid at such price or value as shall be equivalent to the amount tha the holders thereof would be entitled to receive thereon in case the entire pur chase price were paid in cash. If any bio shall be accepted by the court, and the person or persons making the same shal fail to comply with all the conditions o sale and all orders of the court in re spect thereto, the sum deposited by the bidder shall be forfeited and shall be ap plied as the court may direct. The approved purchaser or purchasers at said sale shall take the property purchased subject to the lien of any and all debts, obligations and liabilities o the receivership heretofore OF hereafte to be lawfully incurred by or under the au thority of the court, or arising ou of the operation of such railroad. and sub ject also to the lien of any and all claims heretofore filed in said cause or in the causes consolidated therein, which the court has allowed and adjudged or shal hereafter allow and adjudge to be prior in lien or superior in equity to the said consolidated mortgage, and order to be paid by such purchaser. The approve purchaser or purchasers, and his or their assigns, shall be entitled to appear, re sist and take evidence on all such at lowances, and to appeal from any and all orders or decrees of the court in re
