Miscellaneous

THE JOURNAL RECORD, June 28, 1988 | Go to article overview

Miscellaneous


(28168)

NOTICE OF PUBLIC SALE

Notice is hereby given that Federal National Bank & Trust Company of Shawnee, Oklahoma will, on the 8th day of July, 1988 at 10:00 a.m., at the offices of McKinney, Stringer & Webster, P.C., 101 N. Broadway, Suite 800, Oklahoma City, Oklahoma, offer for public sale the following:

Lot No. 1: Certificate No. 49 (1/2 share) and Certificate No. 48 (69 shares) of Common Stock of Treadwell Construction Company, Inc., an Oklahoma corporation; and Lot No. 2: Certificate No. 38 (1 share) and Certificate No. 37 (39 1/2 shares) of Common Stock of Portland Plaza, Inc., an Oklahoma corporation.

This public sale is to effect a foreclosure of certain security interests granted by Hal A. Treadwell and Portland Plaza, Inc., to Federal National Bank & Trust Company, Shawnee, Oklahoma on the 30th day of September, 1986, wherein Portland Plaza, Inc. executed a certain promissory note and Hal A. Treadwell guaranteed said promissory note payable to Federal National Bank & Trust Company, Shawnee, Oklahoma in the principal sum of $6,132,700.00. There is currently due and owing the principal balance of $5,767,879.82.

Said shares of Stock are to be sold to the highest qualified bidder. All bids must be cash payable at the close of the sale. Closing to be no later than 24 hours after the end of the public sale. Federal National Bank & Trust Company reserves the right to bid on each lot and to pay for the same by way of credit against the debt owed to it.

The securities being offered are not now nor have ever been registered pursuant to the securities laws of the United States, the rules and regulations of the Securities and Exchange Commission, the securities laws of the State of Oklahoma, or the rules and regulations of the Oklahoma Securities Commission. …

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