St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-21

Suees IcCe1ftIs
CTATE OF MINNESOTA. COUNTY OF
- Ramsey-ss. District Court, second Ju-
dical District.
Horace A. Taylor against North Star Mutual
Insurance Company, insolvent.
At Chambers, August 10Th, 1889.
This cause having been heretofore sub
mitted to this Court, upon the petition and
application of the st. Paul Trust Company,
as the Receiver of said insolvent corporation.
for the order of this court directing the said
Receiver to make an assessment upon all
premium notes in its hands. for a sum guffi-
cient to payelaims fled against said insolvent
corporation, for losses under its policies, and
for expenses of conducting it's business, and
10 which no objections have been filed by
said Receiver, and to make such further as
sessments on said premium notes as this
Court may hereafter order;
And this Court having heretofore issued Its
order, dated March sd, 1888, upon said Pc
tition, requiring all persons to show cause,
at Special Term of this Court held on Sat
urday. April %, 1888, why the said order,
directing such assessments, should not be
granted and due notice of such order having
been given by said receiver as therein dl-
rected, and this Court having duly considered
the said petition, and the several reports OF
claims filed with said Receiver. and the
schedules of assets and liabilities heretofore
filed in this Court in the said matter;
1t appearing to the satisfaction of the Court
that the said Receiver received from said in
solvent company premium notes TO the
amount OF 81 10, 563. II. and that at the date
of filing said petition. claims for losses under
policies and other miscellaneous claims for
expenses of conducting its business, and for
unearned premiums, had been filed against
said insolyent corporation, amounting to
SCI, 264.64;
That of said claims for
losses and expenses.
objections have been
filed by said Re-
of....................S 26,553 IL
And Of said claims for
unearned premiums
objections have been
filed by said Re-
ceiver to the whole
thereof, amounting
to .......... -. 6,7O3 40
Leaving claims for
losses ana expenses
filed, to which no
objections were filed,
amounting to. ..... 2S,O0S O5
--S61 ,264 46
And il further appearing to the satisfac-
ton of the Court that since filing the said
petition additional claims for losses under
policies of said insolvent corporation have
been filed with said Receiver. amounting to
"a, zoe. co. and additional claims for return
premiums to the amount of S5.6S7 %, to
all of which last named the said Receiver
has filed its objections;
And the said objections of said Receiver,
heretofore filed in this Court, against the al
lowance for certain of said claims for losses,
and to all of said claims for unearned pre-
miums, having been heretofore submitted to
this Court upon demurrer to the sufficiency
of such objections, and the questions of law
arising thereon now remaining pending and
undetermined in this Court;
Now, on motion of said Receiver. 1t is or
dered, that said The st. Paul Trust Company,
as the Receiver of said insolvent corporation,
is hereby authorized and directed to make
and levy all assessment of fifty per centum
upon each and all of the said premium notes
in its hands, afte. deducting therefrom the
amount of any credit, payment or assess
ment thereon which has been heretofore law
fully made and actually collected by said in
solvent corporation before. the date OF the
order appointing said Receiver. such assess
nient to be paid to said Receiver at its office
in the city of st. Paul, within forty days aft
er the publication and service of this order,
as hereinafter directed:
That notice of the said assessment be given
to each of the makers of said premium notes
by the publication of this order in the st.
Paul DAILY GLOBE, q public newspaper
printed and published in the city of st. Paul.
for five successive days, within three days
after the date OF this order;
And that printed copy of this order be
mailed to each of the makers of the said
premium notes. so far as the address OF said
maker is known to said Receiver, within ten
days after the date of this ORDER.
It further ordered, that if any maker Of any
of said notes neglects or refuses to pay the sum
assessed upon his or her note within thirty
days after the publication and mailing Of
said notice, as herein directed, the said re-
ceiver may sue for and recover the whole
amount of such premium note, less any
credit or payment thereon heretofore law
fully paid to said insolvent insurance COM
pany.
is further ordered, that the said receiver
may, from time to time, hereafter apply to
and additional assessments upon said pre-
mum notes as may be found necessary to en-
able it to pay claims and demands against
said insolvent corporations; but that no divi-
dend or distribution of the proceeds of the
said Receiver, until the further order and d.
rection of his court.
[Signed] WESTCoTT WILKIN,
District Judge.