The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1876-03-15
The Decree of the Court.
EXTRACT.


3. The court orders, with the consent of
parties to the suit. that j. b. Alexander be
appointed receiver of said property, and
that he have the use and appropriate the line
of said railroad, with all of its franchises,
privileges and property, movable and imOv-
able. and tha he personally, or by means
of superintendent agents, employees and
officers of his appointment, collect all in
comes, freigAts, tolls, passage money and
profits theretrom, and control and disburse
the same under the order and directions OF
this court.
4. The said receiver is authorized to use
the said tolls, incomes and profits for the
maintenance and management OF the said
railroad, and in the carrying on and con-
Quoting OF its business in the transportation
of persons aud property on the same, and
for the making of the necessary repairs and
additions and requirements for the security
and safety of its operations aud the promo
ton OF its business and income,
3. The said receiver is authorized 70 pay
the accounts for labor, supplies necessary
Tor the construction and management of the
road and employees OF the company, which
are now due and have been incurred within
the term of 80 days prior to the date of this
order, and which he shall deem proper to
sustain the business of the said railroad and
topreserve its efficiency; aud he Is author
lied to apply to the court to make extra
ordinary expenses, repairs, additions and
requirements, which are Indispensable or
proper IN the management OF the business
and the fufillment OF its proper obligations
as highway for transportation, etc.
6. The trustees aforesaid. as soon as prac-
ticable, shall make a return of the debts,
obligations, liens, mortgages or privileges
upon the said property, and file the same
with their inventory,
Z. The recaiYer IS required to make a re-
turn TO the court at the end of every month.
of all receipts and disbursements made by
him in his capacity rs receiver, and shall de-
posit in some baGk or trust company. to be
approved by the court, all moneys not re-
quired for immediate use, aud may from
time to time apply to the court for orders
and instructions, and be at all times ready
to render his accounts for the inspection of
the court.
The court orders that the said receiver
shall, within twenty days after entering
upon the duties Qf MS office as receiver.
make and ale with this court bond. with
one or more sureties, with penalty of $780,
600, conditioned for due and faithful per
torrance OF his duties as receiver. and that
all his allowances for salary and services a.
trustee and receiver shall be 81 GOO per an
mum, and that to cover all incidental charges
and EXPENSES, - 800 in addition is allowed
per annum. This is to extend to the entire
line of the railroad of defendants
The above recital and findings. having
been made as they row appear, the motion
for the appointment OF receiver is solely
with the view TO such appointment. and
none of the said recitals or findings shall dis
pense plaintiff from proving the same on
final hearing. or preclude defendants from
contesting the saAne,
-. WOODS,
l. : Circuit judge.