The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-04-12
CENTRAL RECEIVERSHIP
IT Is TERMINATED AFTER EIGHT
YEARS OF OPERATION.
Judge Mccormick Diricts the Receiver tt
Turn Over the Houston and Texas Cen
trail Railway tn F. P. 0lcott,
Its Purchaser,

GALVESTON, April 11.-Thete was
filed in the United States circuit
clerks office here today the final de-
cree in the Houston and Texas Cen
trail railway litigation which has ex-
tended over period of eight years
and cost several hundred thousand
dollars in it's prosecution. Frederick
P. Alcott, who purchased tho railway,
its appurtenances and heriditments,
when it was sold under the order of
the United States circuit court some
two years ago for $40, 500, 900, set forth
in petition that he and his said as
signs were about to take possession OF
the property under the final decree of
sale made by the couIt, and prays
that the order of the court, granted
the oath of December, 1890, in refer.
ence to delivery of said properties, be
amended and resettled by providing
for certain date within which all
claims and demands against the re-
ceiver or receivers OF said property,
or against the said Houston and Tex.
as Central Railway company
shall be presented to the court
by Intervention or otherwise
as the court may direct and
after which time said claims and de-
mands shall be declared stale and for
all further and necessary orders in the
premises and for general relief.
| fNba nOt1rt cnuci arinn fha fnranoipr
petition and being fully advised, it Is
dered in this cause on the oath OF De.
cember, 1890, on the petition of said
Frederic p. Olcott for the amendment
and resettlement of the order of De-
cember Is, 1890, rendered in this case,
| be and the same is hereby amended
and resettled by adding thereto the
clause following, to-wit: 1t is further
ordered that all claims and demands
of every nature arising out of the
operation and management of the
properties purchased by Frederic
P. Olcott at sale made in the above
entitled case pursuant to final decree
of this court therein in respect of
which any lien upon the funds deriv.
ed from said sale or upon money or
property which came to the hands of
the receiver or receiver or upon the
property sold to said Olcott is claimed
whether against said receiver or re-
ceiversr OF against the Mortager COM
pany herein shall be presented and
prosecuted by Intervention in this
court prior to the first day of October,
1893, and all such claims and demands
as may not be presented on or before
the date last mentioned above by
intervention as atoresaid shall be de-
clared stale and shall not be charge
upon or enforced against the property
herein ordered to be delivered to said
Olcott or his assigns or said funds
derived from said sale or said moneys
or property which came to the hands
of the receiver or receivers. But this
order is not to be understood or con-
strued as extending or enlarging in
any wise the right reserved by the
court by DEGREES herein to charge
upon the property sold or any part
thereof the payment of amounts that
may be found or determined by the
courts. 1t is further ordered
that the clerk of this court
publish notice of the time and
manner in which claims may be pre-
sented as herein ordered once in two
weeks for the period of three months
prior to said first day of October, 1893,
in the following newspapers in the
counties along the line of the railway 8
lately belonging to the Houston and
Texas Central railway company, in
the state of Texas, to wit: In the
Houston Post and the Dallas Morning
News and also in the Galveston Daily
News and also by written or printed
notices posted publicly in each station
house along the line of said railway.
It is further ordered that no formal
surrender of the custody or delivery
of possession of any property, assets,
books, vouchers, or other things held
by said receiver shall be necessary,
| but this order shall operate to put
said purchaser, f. p. Olcott and his
assigne in the lawful possession
thereof and all employees having the
actdal custody of said property, as
sets, books, vouchers, or other things
held by or under said outgoing re-
ceiver as such, and all
persons connected with the
operation of the railways of
the defendant railway company in
any manner shall hold the same for
said purchaser and his assigns and
subject to his and their authorized di-
recIions and orders in reference there
to. The bills in the above entitled
cause are restrained tor the purpose
of investigating all claims and de,
mands in this order referred to, and
the liabilities and obligations there
from resulting, and for the purpose #
examing and settling the accounts of
the receiver herein, in order to have
full, complete and final settlement Of
said receivership and for such other
purpose may be needful.
A p MGlynRMICK Circuit IndOe.