The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-01-06
ASSIGNMENT DEED
MADE By TIE RICHMOND GALVANIZED
IRON WORKS.
An TIE FIRMS PROPERTY
PLACED IN TR JUSTICES HANDS.
Assets and Liabilities.

A deed from Theodore Hcinson anc
Thomas y. Kendler. partners, tradins
and doing business under the firm nam,
of HENSON & Render. 20 Edgar Allan
and Alfred r. Courtney, trustees, was
Yesterday afternoon recorded in Tho
c,crks Office Of the ChancerY Court.
- The deed conveys for the benefit OF
the creditors of the firm, AL of Their
partnership property, the stock Of mcr-
chandise now on hand whether in tht
manufacturing establishment on West
Broad street. known as thc "Richmond
Galvanized Iron Works. or in The store
houses. No. $50 and No. $50 East Main
street. consisting OF cooking and heating
stoves. CRATES. Tenders. tin, sheoi-irOn
iapanncd ware, cutlery house-furnish
Inc gOOds. 'marbclizcd maniles, machinery
tools. copper plate, unfinished work,
plants. &c: with the following real
estate Two lots Of ground, fronting
together so feet on the south side OF
Broad street west of Shafer. which have
thereon the workshops Of the firm, where
they have been carrying on the iron
qalyanizing business; also all accounts
notes, contracts. bills. claims, chooses IN
action. licenses, brands, and the good
will Of the firm.
First. that the trustees shall take inn
mediate possession OF all the property
conveyed in the deed make an inventory
of The same, and proceed 20 collect all
outstanding debts due TO the firm They
shall sell. either at public auction or by
private sale. as in their Judgment they
NAV deem best. all Of the prop
eriy conveyed and obtain the best
prices possible The trustees are allowed
10 continue The business. not, however,
later than the lst DAY of March. They
may either work mp the incompletcd ma
terials or contract with other persons for
It's completion. and 90 this end they are
authorized 20 employ such agents as may
be necessary and 10 pay them out OF t4e
trust fund
The trustees are directed out Of the
proceeds tirs. 90 pay al the expenses OF
executing the trust including a commits
sion of FIVE per cent on the gross pro
ceeds 20 themselves; then they shall
pay Of the liens now existing on
tie READ estate, that The same may
NOT be sold by virtue OF the liens,
and then the trustees must sell
AAf lfNt traaA~ nAAA pay ttAN i'AANe-et' va
the whole assets 10 the payment of all
OF the debts pro rata The trustees are
directed 20 execute the trust with as
little delay as practicable, and are au-
tlori-ei 10 sue Tor or compromise, any
claims of the firm which they may con-
slider doubtful, aud to mark OF and lay
aside as worthless any which, in their
judgment NAV not DO worth mourning
the costs of suit
Tie deed further provides that il ali
the creditors of the firm shall not be
paid ia full from the assets thereof under
the provisions of the deed, then the bal
ance which remains ursatisled is 10 be
hereafter settled between the parties ac-
cordinc 10 their liabilities on a fUll set
Element Of the partnership accounts
futer e.
The assets Of the firm are placed al
5000. while neither the names OF any
of the creditors or the amount OF the
firms liabilities are stated.