The Wichita daily eagle., 1894-02-04
TO CLEAR IT UP
JUDGE REED EMPOWERS W00DMAN
BANK RECEIVER
Authorizes Him to Dispose or the
Real Estate and to Accept In
Payment Therefor, Claims
Against the Estate.
Order IN Full.

An important order was made by Judge
Reed in the matter of the estate of w. G.
Woodman & Son, otherwise the First
Arkansas Valley bank, in the interest OF
The creditors to avoid the expenses neces-
sarilv arising, by reason of the many COM
plications and interests involved.
Judge Wall and c. H. Brooks, repre-
senting the receiver, made application to
The court for an order to the end that the
assets m ight be more readily settled and
also to avoid expense.
Judge Reed gave the matter thorough
and careful consideration, as he always
does in such matters, and thereupon pro-
mulgated the following order, which is
not only legal but will commend itself so
hose interested, as being good business
sense: the order is as follows:
In the District Court of Sedgwick County,
Kansas:
The National Bank of Kansas City. Plain
tiff,
elizabeth Woodman ct al, Defendants.
JOURNAL ENTRY.
Comes now f. w. Oliver, as receiver in
The above cause, by G. H. Brooks and Il.
B. Wall, his attorneys, and presents his
hOiiOu lOT du duo Gil
powerlng him under the supervision of
the court TO sell real estate belonging to
the estate of said W. G. Woodman & Son.
and accept in payment thereof, in whole
or in part, claims against said estate duly
allowed, whenever by SO doing a satisfac-
tory price can be realized tor said real
estate.
1t appearing to the court that under
present conditions it is impossible to sell
said real estate for cash, except at a great
sacrifice and much below its real value
and IL further appearing to the court that
large portions OF otherwise unstable prop
erty can be sold at a fair valuation by ac-
ceptiDg in payment therefor, in whole or
in part, claims duly allowed against said
real estate.
And it further appearing to the court
that the order prayed for would greatly
facilitate the sale of all said real estate
mt fair and adequate price
Aud it further appearing to the court
that the plaintiff aud all defendants here
in being all the parties interested in said
estate, have consented that the order
prayed for should be granted, and have
consented that such power and authority,
be conferred on said receiver under the
supervision OF this court.
The court doth thereupou grant said
motion, and it is by the court ordered,
that said Frank w. Oliver, as receiver,
De, duu lie ucTcDN dutEOTIZeu Huu eul-
powered to sell real estate belonging to
said estate of w. c. Woodman g. Son,
and receive aud accept in payment there
of in whole or in part, claims duly al
lowed against said estate, whenever it can
be done with profit to said estate and
whenever the reception of said claims in
payment for real estate in whole or in
part will facilitate the sale of real estate
1T a fair price; it. is further ordered that
no sales made under this order shall be
valid unless submitted to the court and
approved by the court. G. REED.
Practically all of the creditors, by their
attorneys, approved the order.
Mr. +. w. Oliver, the receiver. has made
a careful valuation and appraisement of
the real estate belonging to the estate, and
it is upon that valuation that the sales to
the claimants will be made. Mr.. Oliver
proposes to treat all alike and hopes that
the whole estate can be speedily wound
up, but this cannot be without the CO.
operation and assistance of creditors and
those interested.
The appraisement will. at all times, be
open to inspection at his Office. Creditors
who take real estate in satisfaction of their
claims will doubtless. when times shall
have improved, realize on their claims in
full. Among the assets there are about
1900 acres of farm land and a lot of valu-
able business property in the very best
portions of the city and many desirable
lots in good residence portions of the city.
1t is expected that within the next sixty
days much of this property will change
hands and that there will he some activity
in he real estate market.
Had it not been for the untimely death
Of the late W. c. Woodman, he would, by
reason of his splendid business capacity.
have been able to have discharged all OBJ
legations and had a reasonable competency
left.