The clarion. [volume] (Jackson, Miss.) 1883-1888, 1884-07-30
GREENE, RArr
Nesting Of the credItors-RepOrt Of
hecelver-ActioR Locking to
Early Resumption.

Pursuant to notice, the creditors Of
Greens Bank, to the number of one
hundred and seventy-mostly in person.
lev By proxy-and representing very
large proportion of the Indebtedness Of
the Bank, assembled in the han Of the
House Of Representatives at noon on
Saturday last.
Capt ]. L McCsskill, of Brandon, was
called to the chair, and Mr.. ]. C. John
son of Jackson, requested to act as sec.
rotary.
Receiver J. L Power read the follow
ing.
DECREE or THE COURT.
IN lie oAanasy oUut q HTads ob1afy,
Frs District
'OSAp1 GREEN Decree appointing Re
GREENS BAxk oeivsr in vacation.
This day came on to be heard the motion
to appoint Receiver Of Greens Bank. and
the defendant consenting thereto, and upon
snSh consent and the proofs, the Chan
celior being Of opinion that it is for
the best interests Of all concerned in
said corporation that q Receiver be ap-
pointed to wind mp the affairs of said cor
poration and make distribution 70 those en-
Titled thereto: It Is therefore considered and
SO adjudged and decreed, that j. L. Power
be and is hereby appointed Receiver Of
Greens Bank, and said Receiver having
rendered bond in the penalty of thirtS
thousand dollars, with w. II. III Green
and J. j. Green as sureties, conditioned
according TO law, the same is hereby APP
proved, and the title, legal and equitable,
Oh all the property, real, personal. and
mixed, OF what nature soever, including
chooses IN action, notes, bills of exchange,
accounts, money current and uneurrent
bonds, securities and evidences Of debt OF
every kind and description. belonging 10
Greens Bank, be and the same Is hereby
Invested out Of said Bank and vested in
| said Receiver that said Receiver shall At
once take possession of all of said property.
and make an inventory thereof, as we'll as
a schedule Of the liabilities of said Bank.
and hle them with the Clerk of this Court:
that he shall, as speedily as consistent
with the rights of creditors, convert
said real and personal property in
70 money, by sale, public or private. as
| ~ A.Sg NScAh D<1t tnat ne shall collect
all the collectible chooses in action, and sue
for the same when necessary, and com.
pound and compromise those bad or
doubtful, with the approval of the Chan
cellor; that he may sell stocks and bonds
at the market price rcash at such time as
in his judgment the most can be obtained
therefor; that he may employ such assist
ance as may be necessary, and pay there
for reasonable compensation; that when
legal services are necessary, said Receiver
may employ an attorney, the compensation
therefor to be fixed by the Chancellor
that out of the moneys realized said
Receiver, after paying the costs of admin
istering this trust, including his own fees
shall distribute the same, frss among the
creditors Of said Bank, pro rata; said dis
tribution TO be made from time to time as
sufficient is realized 10 pay dividend OF
fse per cent and after all the creditors are
paid said Receiver shall distribute the
residuum among the stockholders of said
Bank; that said Receiver shall repor,
every term of this Court his doings under
this trust
Ordered, adjudged and decreed, this q 81
day of July, 1884.
Z. G. PEYToS, Chancellor.