The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1885-12-17
Jsckspaviils Timss Uaioa, Dec. Ill
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II
The Florida Ceaaral aaa We~aerm
| Read 90 be pat IN. decd Cen-
| dfstsn.
| In The United States Cpurt YESTERDAY IN o.
der WIS male au'h"rizing Receiver Duyal %
purchase suitable safe i,r S,eci Il Master Dur
kee. In regard To issuing receivers certidcsies
| for the improvement of The Fiori Ia Central aud
Western Branch of The Fiorid, Railway and
| Navigation Company. Judge Settle made the
| following orler:
(corY.J
| In the Circuit Court Of the United States for
the Filth Circuit and Northern District Of
Florida
William Biyari Cutting Va Flmila R,ilwav
and Navigaion Company.
L. d. Meyer, Trus ee, Va Florida Transit
| Ra lroad.
| Bella Johnson, ct al va Florida R.ilrosd
| ell al
This Cause comes To he heard upon motion
OF the cmplainants solicitors To authorixe the o.
sue OF receivers certificates uppn the line known
| as the Florida Central 1and Western Rsilroed:
| whereupon, on reading and cons' derinx ~ well
| the several papers herein hled which were be-
tore considered 10 the hearing IL Waco, Texas,
and New Orleans, La, on the 9th and 25th Of
October, uiiino. - also the additional report Of
d. Daval. receiver nf this court, and the no.
| iice To the Guaranteed Trust and Safe Den ait
Company of Philadelphia, died with said 70.
port:
II is ordered That Fl. Rei,nan Duval as rs.
| criver heretofore appointed n this suit, be au.
th"rized from time TO time to issue and sell. At
prlce not less Than pr, certificates to an amount
not exceeding five hundred shoussnd dollars
That such certificates issued under this order
shall be first lien, paramount to ell other liens
| or mortgages or Charges on the Western Divi.
Il Rail ~ aaAN .~s~~
pany, otherwise known AS this Florida Central
and Western RtilrOal. That she certificates au-
th"rized to be lssue under this order shall be ia
denominations OF one thoussad dollars each.
ana shalt Dear Interest at seven Ier cent pr
annum. and shall be- payabls on or before the
first day of January. 1887, and shall confirm a.
near as may be, 10 the form attached to- and
made part of the order made November 25th.
1885, in this Cause
u further ordered, That said receiver is
hereby directed to expend the proceeds arising
from the sale at certificates, or 80 much as NAV
be necessary, for the purpose Of this order in
making economical and proper repairs of the
r .ck, snlings and depots on th line of the rail.
way extending from Jacksonville to Chattahoo-
cii+e river, and branches TO ST. Mark and Mon-
ticeiiO, known rs The Florida Central and Wes-
tern DIVISION Of the defendant company and in
The improvement of its warehouses stations sec.
'ion hoiises. aud OF the building OF new depns
sheds, section and other houses, and of the pur-
chase "t new materials, rails, fastenings, loco
motives and other necessary aud proper supplies
OF road
ssturfher ordered That the certificates here
IN auth rizeti, AS we'll as those authorized to he
issued by the or,ier of November 25th. 1885. be
made payable, principal aud interest, in the citv
Of jacksonville
is further ordered, That the sale of cer,i6.
cafes as hereby authorized shall be in such sums
as may be necessary Tor the purposes for which
they are allowed, and that In the sale thereof
holders OF the bonds OF the company ON whose
i,nes they are issued, shall have notice and the
nfst right to pun uichase the same provided the
sale OF the same is not delayed by the hindrancs
oi me case directed by delay ON The part of such
o"ndholders in avaing themselves of the privi-
legc to purchase
1t Nis further ordered That the certificates is
sued ny The receiver in pursuance of this order
shall, until the full payment ihereof viii inter-
est oe a lien and charge on the line of railroad
herein designated as a paramount lien thereon
prior 10 any and all other liens mortgages and
changes whatsoever, whether for principal or
interest, and that in the final order herein. be-
lofe sne 'ischarye OF the receiver, if any, IL said
certificates provided Tor in this order have not
been previously paid by The receiver, provision
Shall he made for their p,y,neut
ana SJurther ordered, That the certificates
hereby authorized to be issu d, shall be first
and paramount lien, equally and without prior
NY or preference, over the certificates authorized
To- be issued by the order of November 25lh A.
u. 1885 upon the section Of road comprising the
Western, or Florida Central and Western d.
vision, ofthe defendant company
THOMAS SETTLE, Judge.
December 10, 1885.
In explanation Of the ab we order it is only
necessary t. state that the order Obtained from
Judge Pardee some time since authorizing the
issuing of receivers certificates, specially except
ed the Florida Central and Western Division
from its operations. Under it only the surplus
earnings Of the division couIl be used for its re-
pair and Improvement. The order made ester
day gives the receiver the means Of putting il
into firstciass order and keeping it 90, and
doubtless il will be done at once
Times Union, 1871
PROVISION TO BE MADE FOR THE PAYMENT or
ALL ARREARAeRs
Major j. H. Durkee, master in equity filed yes.
terday in the United States Circuit Court his re.
port of the amount due employees and for the
purchase of supplies and materials which had
been incurred by the Florida Railway and Navi-
CATION Company for period not exceeding six
months prior 10 the appointment of Receiver.
According to his report the amount due employes
is $14l 45i 20 and the amount due on materials
is $1T 1914, making total Of $312.573.f
The amount is divided up among the different
ruads of the system as follows:
Florida Central and w estern R R. .$146. .931 20
Transit Railroad. ..........-... 70.568 19
Peninsula Railroad. 22 500 81
Fernandina and jacksonville r. r.. 1882 81
Tropical Railroad. d..... 3O726 25
Lecsbure and Indian River Railroad q. .799. 70
iV'ai : $5lS,07S.14
Under the order Of the court Receiver Duyal
Is authorized to issue certificates for the Tayment
of this back Indebtedness in addition to the
$sOO,0OO for the improvement and equipment Of
the roads. Thus makes an aggregate Of 81, ,i12,-
57S14 which he is authorized to obtain ana ex-
pend upon the system.
-Eustis Send Tropical II ia a well knowns