The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1892-01-16
UNION IRON WORKS.
Order Of the supreme Court for APP
p1intment of Receivers.

Order Of the supreme Court for APP
pointment of Receivers.
In the Supreme Court of the Hawaii
an Islands, A. j. Cartwright, Will
liam +. Allen and w. q. Smith,
plaintiffs, VS.. The Union Iron Works
Co, defendants. In equity. Before
Dole at Chambers. Order appoint
ing receivers.
Upon the plaintiffs bill of com
plant herein filed, and the plaintiffs
and defendant conserving to this
order, this Court doth hereby order
that the said A. j. Cartwright, w.
+. Allen and w. o. Smith be re-
ceivers and managers on behalf of
all the bond. holders of the defendant
company, of all the property and
assets of the defendant company
comprised in or subject to the securi-
ties and charge created by the bonds
issued by the defendant company,
the trust or mortgage deeds referred
to in the plaintiffs bill of complaint,
and let the plaintiffs possession of
the company's property secured I'M
der said trust deeds be regarded as
now held by the plaintiffs as such
receivers and let the defendant de-
liver to the receivers all its books,
vouchers, debts, equitable interests,
things in action and other effects,
and let the receivers collect, get in
and receive all debts owing to the
defendant and all other the assets,
properties or effects becoming pay
able or transferable thereto and
generally superintend and manage
the business of the defendant COM
pany and carry on and complete such
of its contracts as the receivers
shall deem it to be for the best inter-
ests of all concerned to complete,
and engage such employees and
officials as shall be required there
for, and sell off and dispose of all
the trust premises and other property
and assets which shall come to the
receivers, either at public sale or by
private contract, and all together or
in lots as the receivers shall think fit,
and to wind up the business and
affairs of the' defendant company
and to apply the proceeds of such
sales and all other moneys coming to
the receivers:
lst. In payment of such employ
ees including the wages already ow-
ing to the defendants employees for
period not exceeding thirty days
and also insurance on the property.
2nd. In payment of taxes now
due and owing on the defendant
property.
3rd. In payment of rentals which,
dating from the beginning of the
present quarter, shall become paya-
BILE on the leases of the defendant
Company.
18th. In payment of the costs of
court and legal expenses incurred in
these proceedings and subject to
further directions and after passing
accounts.
9th. In payment of said First
Mortgage Bonds and coupons.
9th. In payment of the moneys
secured by said second mortgage
bonds and coupons, and
9TH. Paying the surplus, if any,
into this Court, and let the said re-
ceivers have such other powers and
discretions as in like matters are
properly and usually exercised by
receivers.
Let the receivers from time TO
time pass their accounts in this Court
as the Judge shall direct, and have
liberty to apply for directions as to
any payments to be made by them
and generally.
And let an enquiry be made what
are the debts and liabilities of the
persons interested in the moneys to
come to the hands of the receivers,
after payment of the items named
in the lst, End, 3rd and 4th clauses
above written, and for such enquiry
let the said bondholders be ascer-
tanned and summoned and made par
ties hereto.
And further hearing of said Bill of
Complaint is adjourned for further
order and direction.
Liberty to apply as advised is
given to any of the parties concerned
in the premises.
TSigned. SANFORD B. DOLE,
Justice of the Supreme Court.
Dated Jan. l6, 1892.