The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-20
NEW YORK HERALD TUESDAY APRIL 20 1875QUADRU

them ne may think for the best interests OF sho
company and otner parties IN interest unttl inr-
Their ordered by the Court aud he shall Garry OUT
all contracts relating 20 the business or the ROAD
heret ofOre entered into by the company In good
ialth; and oil such contracts entered into by the
receiver shall have precedence OF and be entitled
to priority over any and ali claimants In the SUIT
or Otherwise
Upon entering on his duties the receiver shall
without unnecessary DELAY, make scheuule ol
all items OF property, real, pc s0nal and Mixed
wnic snail come INTO MS hands and OF All cnoses
In action ana eYlCences o. ueOt due to TIE COM
pany from tue said parties and OF all moneys on
hand at the time no snall take possession undef
the order.
Inc order provides that the receiver snail keep
full and accurate accounts o. all receipts ana ais
bursements, and 'he snail not be held answera0le
individually or as such receiver or any Ofeacn
o. contract entered into by him. or ior any injury
TO persons o. property oI thrd parties 0y accl.
dent IN the prosecution OF sald business or oT
the negligence OF others employed 0y INN In that
behalf" Inc power OF removing any and all or
the employees OF the road 10, under TINS order,
vested IN the receiver. who snail apply the net
earnings OF tue road IN his discretion 20 ths io-
lowing purposes:-
FtTSt-ro the payment or me necessary ex-
penses incidental 10 the execution anu presenta-
ton OF the trust created Ue all OF the said Jay
Co ke an tue sdd J. Edgar Thompson ana their
successors OF winch they are or were trustees, IN
clu1ing reasonable compensation for taeT own
services
Sscond-An legal costs ana compensation TO the
solicitor and counsel OF toe compliments Tor their
professional services In TINS cause, ana REASONABLE
compensation TO sucn solicitors and attorneys as
such receiver may nave properly employed III any
matter connected WITH III discharge OF MS duties
as sucn receiver. ana REASONABLE compensation
TO said receiver Tor 8 own services.
1hA'd-To pay ali legal and necessary expenses
incurred uudcr authority or any court now re-
naming unpaid, &c.
Folyth-Io the pay ment OF all balances due for
services rendered or Tor labor per ormed or ma
terials and supplies furnished the SAID company
In the prosecution Oi Its business at an time
WITHIN twelve months next preceding the date OF
entering this order, and Tor balances which may
be uue TO connecting or her roads.
FtTih- TO the payment OF balances due for right
OF way or other necesstfy grounds for the use or
said company, with power 10 said receiver, sub
ject TO me conn nation by his curt, III Cases
wnere the amount due Tor sucn right or way or
oLher necessary grounds has not been ascer-
tanned heretofore, - compromise and settle the
same.
Sirth-To the payment or ali sums due for
moneys borrowed, TO pay interest on the mort
gage DEBT or 10 pay or labor o. materials Tor the
repayIuen OF when any former or present onlcer
OF I ne company, o. auy other person az MS or
their instance, IS security.
SeDeqlth-fo IN pay mont OF all sums advanced
or loaned for Ike OBJECTS by any former or present
director OF the company. and winch nave In good
faltn been so applied.
EtghtR-To the payment OF all liabilities OF per-
sons VINO ave, at IN. instance OF SAID company, or
any officers or directors thereof, oecom surei
Tor SAID company IN tae prosecution or deleuce
OF suits. whether up, appeal bonds, second trial
bonds, replevin bonds, Injunction bonds or otner
objections or undertakings, enc 0hject OF which
was TO protect tue property OF the company
jury or prejudice oil mo company or others, as
creditors thereof
Nty9th-rO pay such other sums rs may be d.
reCt0d by the future or0er ~ this Court.