Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-06-28
IMPORTANT DECREE.
State of Tennessee VS.. Bank Of Ten
neBsee.
The Trustee Required to Give InfOr.
nation i'm Detail. rr
The bank Property to be SOLD.
Tennessee Money not TO be Received
i'm Payment.

Tennessee vs.. the President AID Directors
of the Bank of Tennessee, Samuel Watson,
trustee, and others. The decree is substan-
tally as follows:
In this cause came the Attorney General
for the State Of Tennessee, and on his mo-
ton it is ordered by the court that Sam
uel Watson, the trustee and receiver in this
court makes report to this court by the next
rule day the whole of his action and pro-
ceedings as such trustee up to that date, in
which report be will disclose, and show fully
in detail
!. The assets of the bank which came to
his hands as trustee and receiver, showing
the number and date and description of the
bonds, coupons, notes and obligations Of
took charge of the same. ..
2. The amount and condition Of the
fund collected in and loaned, with the
llmount of each loan, in what funds col
ected, to whom loaned, when, on what
terms, and upon what security, renewals of
loans, interest accrued and collected,
changes Of security.
8. Amount collected in bank notes of
the Bank of Tennessee, and where the said
notes now are; what notes, giving number
and date, have been burned, and whether
the same or any part thereof remain I'M
cancelled in his hands. Also from whom
collected, by what attorney or agent col
lected and when.
4. Amount collected in cash, ETC.; in what
form such collected cash now exists; if in
loans, let him show TO whom, and the sue
cessive renewals of the same to date, and
upon what security; if in bonds, let him
state what, and exhibit the same to the
court.
5. What bonds he has of the bank, Civ
ing accounts of the various bonds shown
on the books of the bank, whether the
coupons remain on the same, or whether he
has dealt in or sold any of the same, and if
be has, for VIII cause and by what author
ity-to whom sold, at what price, at what
date, and let him exhibit the original evil
Gences of the sale of the same. Let him
show what has been done with each bond
and its coupons from time to time, and to
the time of the report, showing the present
status of each, and number of coupons re-
naming on each. Let him also report what
coupons have been funded in Tennessee
State bonds at par, and what, if any, have
been otherwise disposed of.
What claims are embraced in the order
made a former term of this Court as issues
of the bank belonging to the shelbyvilla
Bank; what was received Hereunder, and
what disposition has been made of the
same. What amount was realized from
the purchase by A. II. Hicks of LOO acres
of land in Cheatham county, when the
same was sold, and what has become Of the
fund, and all the facts relating thereto.
1t is further ordered, adjudged and de-
creed by the court that - proceed to sell
the bank building and property in the city
of Nashville, on or before the first day Of
September next, Onefourth cash, taking
bonds with approved security for the pay
ment Of the purchase money, on a credit OF
one and two years, and retaining lien Oh
the property until the purchase money is
paid. The sale viii be made in three par
GELS: First, the banking house fronting on
Union and Cherry streets, with 8 pass way
- feet wide from Cherry street to the -
side of the building, extending across the
end. Second, the property on Union from
the wall of the bank building to the = line
of the passway to the bank. Third, the
property lying between the above lots and
the alley fronting on Cherry street, and ex-
tending through to the - line Of said prop
erty, nov partially occupied With an ice &C. |
pot.
The Clerk and Master will examine and |
report to the present term the minimum |
value of each lot as above described, after
making a careful and accurate survey there |
of. Ia making the sale, the notes of the |
bank viii in no event be received in pay |
ment of the purchase money, or any part |
thereof, and notice will be given of this de- |
cree, and the notes Of the purchaser viii be |
taken, expressly agreeing to pay in gold,
silver, L. S. Treasury notes, and not in IS |
sues of the Bank Of Tennessee.
He viii further report the amount Of I'm
collected assets of the bank, classified into |
debts in Judgment and debts not in judg |
ment, and showing the state and condition !
Of each, the amount, date, against whom,
in the hands of what agent or attorney, and /
The facts to show whether The same is good, |
doubtful or worthless; what claims have |
been compromised, and whether any and |
what sums have been received in new issues |
Of the Bank Of Tennessee, what has been !
done with the same.
Whether he has at any time been the /
owner of, or been interested in the purchase
Of the said issue, and from whom be has
made such purchase, either individually or
IS receiver, and at what dates, at what pri
,es, and in what several amounts, and /
whether he has at any time made sales
hereof, and at what prices, at what dates,
% whom and in what amounts. What
mount he has on hand of such new issue
and what amount as receiver
# The bank.
1t is further ordered that the 10th of July
- g. g. I,o bo, Cf al 1
matters in this cause as are ready for hear
Dg, and that the court will procure com
,etent Judge to be present at that time,
nd that orders and DEGREES in said cause
AVE preference from that time of all other
business, until further order.
Ii is further ordered that the State OF |
have leave to file exceptions to
ny reports of the Receiver and Trustee
-, |