Savannah morning news. [volume] (Savannah) 1868-1887, 1881-12-06
THE COAST LINE RAILROAD.
A Receiver Appointed by the Court
TO take Charge OF It's Affairs.

On Saturday last bill was fled In the
Superior Court Of Chatham county bY Capt.
D. G. Purse and others, praying for the ap-
pointment Of a receiver to take charge OF
the Coast Line Railroad. Judge Temp
kins, after hearing the bill, granted the
prayer Of the petitioners, and appointed
Col. J. Fl. Estill Receiver, who gave the
necessary bond, $4,000. Yesterday morn
ing the Receiver took charge Of the road
and appointed Mr.. Frank Lamar
Superintendent and Mr.. John NJ. Parse
Treasurer.
For the past two years or more this com.
pany has been in trouble about It's oonoed
and other debts, and the coupons OF the
second mortgage bonds have not been paio
for several years. The movement Whlcn
resulted in the appointment OF receiver
was instituted by a number OF the pond
holders and other creditors, and VIII proDs-
bly, lead to a settlement Of the financial Ill,
hculties which have embarrassed the ROAD
almost since fits inception.
The following is the orderOf Judge Iomp-
kins above alluded to:
"D. G. Purse ct al, compliments, and Inc
Coast Line Railroad ct al, defendants.
GUpop examination and consideration or
the bill and affidavit in the above stated
case, and It appearing that the Injury
apprehended will be done IL an immediate
remedy is not afforded:
"It Is considered, ordered and decreed
that the prayer OF the bill for the dd interim
appointment OF a receiver, and the grant
ing Of a restraining order be, and 1t Is
hereby, granted; that John II Estill be, and
be is hereby, appointed Receiver, and, as
such he is hereby ordered and directed to
take charge aud possession Of all aud singu-
lar the property, assets and rights OF prop
erty of the said Coast Line Railroad, In
GLIDING all Of fits books, papers and writings,
and to exercise aud use all of the priyi-
leges and franchises OF said corpo-
ration: to manage, operate and con-
duct the railroad of said corporation
and all its business and affairs, employing
for such purposes all necessary agents and
servants; and that he continue to act as
such Receiver until further order, and until
such further order he is authorized to do all
acts and things as such Receiver, requisite
or necessary in the premises.
SIT is further ordered and deereed that the
said Coast Line Railroad, its officers, agents
and servants, be, and the same are hereby,
restrained from refusing to deliver up, and
from interfering with the taking possession
| by such Receiver of all the property, assets
and books and papers Of said corporation
until further order.
'lt Is further ordered that until further
order L. L. Goodwin, City Marshal, be, and
be is hereby restrained and eDjoined from
selling or attempting to sell, and from In
any manner interfering with the property
| and franchise of said corporation or any
part of the same.
"It Is further ordered that the Receiver
give bonds, with good security, in the sum
Of fifty thousand dollars, for the faithful
performance of his duties.
"And # is further ordered that the de
PENDANTS be each served with copy OF the
bill and of this order within four a. days
from the date hereof, and that the motion
for the appointment of Receiver, and the
granting Of Injunction, be heard at the
Superior Court room in Savannah on the
seventeenth day Of December, 1881, at IL
q. u. o'clock"
"Decn.ber Sd, 1881"
"RENRY B. ToMPKINs,"
''Judge s. C. G. c."