Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-08
PAPERS FILED
For the Assignment of the Exchange Bank
Yesterday Morning.

For the ABSiBnnlehb ga tho A-NSAA-Ns~
Yesterday Morning.
About eight o'clock yesterday morn
ing the assignment Of the Exchange
Bank to Jno. J. Jones, was left for rec
ord in the Office OF Clerk Geo. Hook. A
similar document was forwarded to
New York to be filed, preparatory TO
taking action toward securing funds by
the bank, which are on deposit In that
city.
The following property Is assigned:
A parcel of property known as lot 4,
SQUARE 5, on the northeast corner OF
Main and Twelfth streets, except that
part heretofore conveyed by deed OF
the Merchants and Mechanics Bank 10
James Baker, ct. al, the Arnold ore
Bed property In the town Of Ausable,
Clinton county, New York, the interest
OF the bank in certain parcel OF pro-
perty in Youngstown, o.; the sale, FUR
niture, fixtures and appliances In the
Office building; all personal property OF
all kinds and wherever situated; also all
books Of account, bonds, stocks, bills,
notes, accounts, claims and evidences OF
debt, and generally all the assets OF the
bank. real and personal, OF every de-
scriptlon.
The assignee is given full power to
sell. convey, sue, or compromise, and
to employ and pay help. But the as
signee is held to the following condi-
tions:
First-The said second party shall, In
tho most iudicious manner, convert into
money the SAID property, real and personal
herein before conveyed and assigned 10
him. In doing so he shall have authority
to sell and convey any or all OF the SAID
property, to receive and receipt for the
said debts, to adjust and compromise as
may seem best 10 him, any debt or claim,
TO sue and recover any OF the said prop
erty, debts or claims, and generally 10 DO
all things in that regard which the said
first party might have done but for this
deed. He shall also have authority 10 en-
ploy and pay any such attorneys, agents,
clerks and servants as may be requisite
for the proper execution OF his trust.
FURTHER PROVISIONS.
Second-The second party shall apply
the net proceeds OF the said property or so
much thereof as may be necessary. 10 the
payment ratably and without preference
or priority, Of the debts OF the first party
III e. any time Tue Sdlu ScCOuu parry oHoAi
be prepared 10 distribute the whole or a
part OF any such net proceeds, be may give
| notice by advertising daily for ten days In
| a newspaper of general circulation pub
| lished in the said city OF Wheeling, that ne
will on or after a day 10 be named in said
notice. which shall not be less than thirty
| DAYS after the end Of said ten days, make
such distribution, and after the giving OF
the said notice and the expiration OF the
| thirty days, the said second party make
| distri button Of the whole IS part OF
| the net proceeds aforesaid among such OF
the creditors Of the bank as shall, prior 10
| such distribution. have fled as evidence
| or given such notice in writing.
Third-The net proceeds aforesaid soall
be the residue, which shall remain OF tue
records OF the said property after the pay
ment OF all Just and reasonable expenses OF
! executing the trust, including the proper
! commission Of the second party al OF
/ which be is hereby authorizes 10 pay.
Fourth-Should any residue OF sucn
proceeds remain after satisfying in full al
I the debts Of the first party. the said second
party shall pay such residue to SAID hrst
| party. -
Mr.. Jones Is required to furnish a
bond in the sum OF $4,000, and 10 the
event OF his death or resignation, toe
| Circuit Court will name successor,
upon the application OF snY Interested
party. The deed is signed oy l.. D.
Delsplalne, President pro tempore.