The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1875-03-26
North Louisfana d Texas Railroad
I& ! Company.
JUDGE WOODS oRDER-THE PROPERTY TO
BE SOLD.

We copy from the Picayune the following
summary Of the judicial decree in the suit
for the ownrship of the railroad from
Monroe to Vicksburg:
In the case of Henry II. Jackson ct al. VS..
Coz n,' and JOIN Z. Ludeiing ct al, an
appeal having been taken to tho Supreme
of the tse eanae o tSe
Circuit Court, dismissing the Dill OF the
complainants, be reversed and set aside
that the mortgage executed to John Ray is
It is further ordered that the sale made to
J. T. Ludeling and his associates, together
with the Sheriff's deed, ETC., be declared
fraudulent and void, and be set aside; and
that a perpetual injunction issue against J.
T. Ludeling, his associates and other de ei
claiming any rights under the sale, etc.
Further, that the Circuit Court for Louis
lana direct an account to be taken of all the
properly of tho ", S. & II. Railway Colnpa-
ny, included in tho MORTGAGE, to appoint IL
receiver thereof; also to order that the pro-
der the direction of tho Court, for tho ben
eft of the bondholders and other creditors
of tho Company.
account for all property received by them.
1t was also ordered that defendants pay
costs, and that c"tti,tainants recover Gam
ages ages against defendants in the sum o1
$7s7.
Circuit Court, rendered April 4, 1872, being
received, it was ordered by this court that
the directions contained in tho above man
date be considered as the decree of the Cir.
cult Court.
1t was further decrecd that tho writ OF
injunction directed by tho decree issue to
the parties of tho deed of Feb. 5th, 1866
to John L. Ludeling and his associates and
to all tho defendants, and that they be re-
CURED to cancel tho said deed. Also, that
F. "A. Wooltley be appointed special master
to receive tho Cancelled deed, and to take
proofs of bonds issued by the ", s. and T.
Railroad Company, to report the names OF
owners and amounts duo, etc.
pointed receiver, etc.
1t will be seen from the above that the
judgment of the United States Supreme
Court is to be carried out, without modifi-
cation or amendment. Tho r,lmor circu-
lated to the effect that the Supreme Court
would withdraw that portion of the opinion
construed by Ludeling and others rs per-
sonally offensive, and that tho late possess
sors of the road would be reimbursed for
expenditures, seems to have been not we'll
founded, as the decree of Judge Woods is
based on the original Judgment of the
Court, published by us at the time.
We are unable to learn when tho sale or
dered will take place; nor can wc form an
opinion rs to the length of time which may
intervene between the placing of the road
in the keeping of Il receiver and the sale Or
derod by the Court. The appointment of a
master cQnteInplates the collection of evil
. dences of indebtedness-an inventory OF
the bonds and the names OF tho ho1defs-a
proceeding necessary to effect II sale. Mean
while, the bondhotriers, We hear, will en-
deavor to effect some kind of an adjust
ment, and it is probable, failing to do this,
further litigation will ensue.
The operations of the road will not DO i'll
terruptcd by this change.