Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1879-02-12
SETTLED.
Thomas Jefferson Latham
the Receiver.
Judge Baxter DEGREES it So, and
Defines His Duties.
A Bundle Of Litigation In Prospect,
Fat In Sight for the Lawyers.

a bundle OF Litigation In Prospect
Fat IN Sight for the Lawyers.
Judge Jno. Baxter this forenoon ap-
pointed Mr.. I. j. Latham as receiver
to take charge Of the effects of the
late city of Memphis, and conferred
upon him the ordinary powers usually
granted to receivers of insolvent cor
porations. He is to give a bond in the
penal sun of $4,000 for the faithful
performance of his duties and take
oath that he will do so impartially.
A lengthy decree was entered spec
flying the duties of the receiver in
matters on which there may be a
doubt. A sight of it could not be
obtained for to-day's LEDGER, Mr..
w. NJ. Randolph, who held the docu-
ment, refusing permission to permit it
to go from his hands. The public
w%harves, parks, equipments and prop
erty of the police and fire departments
are to be exempt from the receivers
interference. The assets of the old
city, including debts, taxes, ETC., are
to be collected by him and in lawful
money, excepting the tax of 1878,
which he leaves to be collected by Mr..
Fleece, the county trustee, who is to
pay over such collections, as they are
taken in, to the receiver. The clerk
of the Circuit Court is also to account
to the receiver for collection, already
made and to turn over the tax books.
The decree authorizes the employment
OF one or more attorneys to carry on
litigation also to employ such clerks
as may be needed, the expenses to be
betrayed out of the collections. The
accounts are to be approved by the
Court.
The old city quarters are to be
turned over to the receiver; also the
furniture and property of the city
offices, including such books, papers,
accounts, ETC., as may be needed in
the performance of his duties.
The mayors safe, which contains
old vouchers, is exempted from his
authority.
The receiver is authorized to bring
suits at his discretion, and to take
charge of such property as may have
been acquired by tax purchase that
may be voluntarily surrendered.
The receiver is to make full reports,
etc, to the court, of progress in mat
tiers at issue, and to keep it fully in
formed on the situation.
All creditors of the city are to come
forward by the third Monday of May
next and file their claims.
All questions not provided for in
the decree are reserved for further
orders from the court.
a decree was entered in favor of the
police and fremen for their back pay
for 1873, allowing it to be settled pro
tanto from the special fund now in the
hands Of County Trustee Fleece and
in the banks, which fund was collect
ed for that purpose on the tax of 1873
1t is said that the amount on hand
will pay about 80 cents on the dollar
of the amount due. 1t is understood
that taxes yet to be collected for these
departments will be ample to pay in
full the police and fire claims. The
court minated hat this would be
appropriated to the designed purpose.
A long list Of details are included
IN the decree, many relating to the
claims of the State and other items
too numerous to mention. The fore
are, however, the leading points
of the courts action.
From the talk of attorneys to-day
a diversity of interests will be effected
by the decree, out of which will grow
a mountain of litigation. Fat fees are
in store for many of the profession.