The true Democrat., 1855-04-24

of the 2d of April, IS42, and possess the discre- tonary powers therein given the trustees, ex- cept so ia. as the same may be herein modified or limited and except in so far as the salaries o officers and distribution of assets is concerned leaving such distribution to the future action o this court, and that said receiver shall possess the powers ordinarily belonging to that office by the rules and practice of courts of chancery
 That it shall be the duty of said receiver to cancel and deposit in the office of the State treasurer all bonds issued by the State to the Real Estate Bank and coupons for interest due thereon and detached coupons of Real Estate Bank bonds which have been received by tht trustees of said bank since the deed of assign ment or the officers thereof, in payment of debts due said bank, and the like course shall be pur- sued as to all Real Estate Bank bonds and cou. pons or detached coupons which said receiver may receive in payment of debts due said bank or said trust; the said receiver keeping and pre- serving an accurate account thereof, and fol which he shall take duplicate receipts of the treasurer, one of which shall be filed with the Auditor of Public Accounts
 It shall be the duty of said receiver to keeE
 
 properly posted up, which shall at all times be subject to the inspection of the stockholders o said bank and the State authorities and he shal make full report of his actings and doings the prosecution and termination of suits and col lection of debts, and every other matter and thing necessary to full understanding of the execution of the trust, semi annually, on the first Mondays of February and August of each year, and at any other time When required by the court, and shall also on or before the 10th day Of October preceding the regular meeting of the General Assembly, biennally, make to the Governor full and detailed report of the con- dition of said Real Estate Bank, and of the said trust and of his actings and doings in the premises, and shall also furnish to the Governor from time to time when required by him any in- formation relative to the affairs of said insttu- tion and trust to the end that the same may be communicated to the General Assembly. And 1t is further ordered that any accountant or ac- countants appointed under the act of the 10th of January, 1855, shall at all proper times be allowed to have access to, and to examine the books, accounts, deeds, records, papers, docu- ments, vouchers, letters, writings, bonds, bills and notes and all other papers, touching or per talnlng to said bank and said trust, and to inves- tlgate and examine the same, according to the power given by said act and may take copies or abstracts therefrom.
 It Is further ordered, that the said receiver shall cause the abstracts named in the answ CTS of the trustees not already completed to be made out as speedily as practicable and the expense thereof to be paid out of the trust fund, and the same to become part of the answers o sad trustees and other defendants to the bill O complaint and that the said trustees and officer. ot the said bank, and their counsel shall at all propei times have access to the books, papers deeds, bonds, title papers, accounts or any thing relating to the said Real Estate Bank or said trust and may take copies orabstracts thercfrom for the purpose of enabling them or any of them to the fully answer the bill of complaint or make de- | fence threto.
 I he said receiver shall without delay ex- change any and all bonds issued by the State o Arkansas, and heretofore received or obtained by the trustees of said bank, and which may belong to said bank, and all coupons due there on with the Financial Receiver of the State Bank for bonds issued by the State to the Rea Estate Bank, and from time to time as such re- cever shall receive State Bank bonds in pay ment of debts, he shall exchange them with the financial receiver of the State Bank for bonds issued to said Real Estate Bank as aforesaid, and the said receiver of said Real Estate Bank shall cancel and file with treasurer of this State with out delay any and all such Real Estate Bank bonds which he may so obtain by way of ex- change, and shall take from said treasurer dupli- cate receipts for the same, showing the number of each bond, and the amount of interest due on each bond up to the time the same was ob- tained by way of exchange as aforesaid, and shall file one of said receipts with the auditor and retain the other as a voucher of said Real Estate Bank.
 l That the said receiver shall register all the bank note issues of the Real Estate Bank and ot the branches of ,tid bank now on hand ol which may hereafter be received and shall ther III the presence of the State treasurer publicly burn the same, and obtain from the treasurer duplicate certificates of the fact, one of which shall be filed with the auditor and the other pre- served in the bank.
 It is further ordered and decreed that the re- sdualy trustees of the Real Estate Bank under the said deed of assignment of 2d of April | 1842, and each and all and every one of them and the secretary or cashier or the attorney or attorneys of said truteeS, or the agents of said trustees attorneys or secretaries be enioined and restrained from any personal interference ill the disposition of or control over the books, papers, bonds, debts, lands, tenemeLts or hereditaments, assets and effects of every description that be- long to the Real Estate Bank or pertain to the said trust, and from collecting, settling or con- promising or receiving any debt due to said bank or said trustees, and be restrained from transact ing any further business pertaining to said bank relating to said trust and that all their powers cease until the further crder of this court.
 It is further ordered that the order made on the 21st day of February, A. D. 1855, by this court, touching this subject being in substance incorporated herein that said order is supersed ed, and this stands in the place thereof as the order and decree of the court.
 It is further ordered and decreed by the court that said receiver be allowed to apply from time to time to this court for instructions touch nu his c0urSa and d,,t;os.