The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-01
COURT MONEYS.

now THE CHAMBERLAIN SHALL DISPOSE AND
INVEST THEM.
The General Term OF the supreme Court yesterday
issued order In reference TO tho disposition anu IN
vesling Of tho moneys Of the Court The order states
that MIR. Thomas Is. Musgravo was appointed under
Rule SO Of the general rules TO make examination
provided Tor Cy the said rule; that II Is cxpedient
that further rules should DO adopted for the security
ami proper Investment Of tho ldnas under the control
Of this Court No moneys received by tho Cham
berarn OF tho city OF Now York on any
action, proceedings or matter OF this Court
shall be consolidated with money received by
him ia any other acton proceeding Of
the Court Tor purposes VI Investment except
whero specially allowed. Aud such moneys shall
In any case be issued fund Tor buying any lands
or property sold IN the foreclosure Of any mortgage
mortgages taken to secure other moneys loaned by
the Cnambcrlain but that tho money received on
action proceeding shall be kept separate. All
sums OF money III tho hands Of the Chamberlain
which do not equal tho sum Of 10000 ana winch no
Is directed 10 invest Tor INC benefit o. tho parties Ia
iutcScs, shall be invested without delay In thu bonds
oil tie United States or vi the state city oi New
YORK. When the Chamberlain shall have Ia his hands
any sum insufficient TO purchase any ono Of these
bonds ho may unitc several such amounts, and tor
such purpose must keep account when hoy are
received interest thereon. That the proper
custody OF such bonds the Chamberlain may rent -
suitable drawer or sale In ono o, the sale deposit
panlcs Vi The city, and nc may charg, tho expense Of
such ronting pro rata.
In no case snail moneys DO loaned by tho Chamber.
lain bond or mortgage (unicss specially directed
by The order Judgment Of the COur) Ia OF less
tnaD $4,000, and Ia shall the moneys paid IN
ncrenL actions, proceedings matters DO uni,cd for
that purpose such moneys shall ouly DO loaned on
LANDS buuiugs erected thereon, aud wholly
irco mbrances and past duo and
taxes OF every KIND. IL shall DO tho duty of tho
Chumbcr TO ascertain III proper aud regular ntor
vas In each yoar, what taxes and assess
ments have been laid or imposed ON such PROMISES
and all unpaid assessments. In addition 10 tho
annual report recorded by the general ruios o Tho
court sb, DC the duty Of the Chamberlain to MAKO
report TO tho General Tcrm at the opening OF c.cn
Gouorul Term OF all causes IN which suits OF Fore
closure are pending or Ia all casos IN which tho IN
terssl Oh bonus and mortgages ts more than sixty
days In general adviser shall DO appointed
BY tho General Term act with the appraiser selected
Nv tho Chamberlain. The Chamberlain shall III
case mako u loan contrary to tho written advice
OF tho general adviser without the special dircc-
roceve Tor his services foe not exceeding $40 IN zach
case to DO paid by tho borrower The gch.r adviser
shall mako an annual report to the General Term
tho nrst Monday Of each January Of the loans made
upon ana approval, and such iacts us relate
tnereso. Hereafter alI moneys In tho hapds oI Tho
erla,n invested snail be deposited upon In
torcst In any Ut the trust companies named IN tho
general rules and all such moneys, u any there be,
now on deposit Dank arc directed 10 be deposited
within twcnty duys with ono OF such trust companies.
Tho General Torn appoint Af John McCIavo az
general adviser.