Sale of Publishing Association Assets
In pursuance of an order and decree of the court, notice has been given by the receiver, Irwin H. Evans, of the sale at public auction on Tuesday, Jan. 10, 1905, of all the assets, real and personal, of the Seventh-day Adventist Publishing Association of Battle Creek, Mich. According to the terms of the receiver’s notice of sale, “all the property of every name, kind, nature, or description, real, personal, or mixed, and wheresoever situate and belonging to said corporation, will be included in said sale. All of the said property, in bulk, as one parcel, will be sold to the highest bidder, subject to the confirmation of such sale by the court. A deposit of fifty thousand dollars ($50,000) of the amount bid must be deposited with the receiver, before any bid will be entertained at said sale, and the balance of the bid will be due and payable on confirmation of the sale.” This is a necessary legal step in the work of closing up the business, and bringing to an end the corporate life, of this association according to the action of the stockholders at their meeting in April, 1903.