The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-11
IT IS EGAN AND
v. 4. BANCROFT.
Continued from Page II


thenceforth and until the further order
/ of the court, hold possession of and op-
/ crate the said railroads and property. An
| order to this effect will be made for such
surrender and delivery by the said receiv-
| sion as provided in and in pursuance OF
| the order and decree made and entered
! on the 18th day of May 1925. in the cir
! cult court of the United States in and
/ for the district of Wyoming, by the Hon
] orable Walter H SanbOrn, circuit judge
"a copy of which said order is hereto at
tached-or upon the filing of a supple
mental bill in the above entitled cause OF
| Joseph Richardson. trustee. complain
| ant, against the Oregon Short Line Il
| Utah Northern Railway company and
! others, defendants, and in the above en-
/ tiled cause of James NJ. Ham. trustee,
I complainant, against the Oregon Short
/ Line u Utah Northern Railway company
ana others, defendants, and in the above
| entitled cause of James NJ. Ham. trus-
zee, complainant, against the Oregon
! Short Line & Utah & Utah Northern
/ ants, or in either of them. alleging such
| default, and the presentation of proof
thereof satisfactory to this court, upon
! notlce or fifteen Q5) days 10 the Ameri-
| can Loan and Trust company of the ap-
| phcation for such order in some one of
| the suits last mentioned; and each of the
causes above entitled herein, Joseph
! Richardson, trustee, and James NJ. Ham,
! trustee, are complainants. respectively.
are hereby continued and retained in this
court for the purpose of carrying out the
provisions of this order
Present Liabilities.
The said John NJ. Egan and w. H Ban
croft are appointed receivers herein and
the pronertr a foreSaid ia ~, he t,.aI1ssferr
ed TO them on The further express condi-
ton that Tia just and legal claims and
demands against the said five receivers
now IN possession of said railways and
property, those against the Union Pacific
Railway company, and those against the
Oregon Short Line & Utah Northern
Railway company, shall retain the same
liens upon and equities against the fu-
ture earnings of the property and upon
and against the property itself trans
ferred TO the said receivers after such
transfer that they would have had If no
such transfer had been made and that
they shall. SO far as they are not paid by
the five receivers, be paid by the said re-
ceiverS herein in the same order and to
the same extent that they would have
been paid if the five receivers had con-
tlnued to operate the said railroads and
property, and this court expressly re-
serves the right to direct the receivers
hereby appointed by this court to pay out
corpus of the property placed III their
hands under this order. such of said
claims and demands against them as
shall be required to discharge any lndebt-
edness or liability incurred by them and
any claims that have been or may be or
dered to be paid by them, and all suck
Claims ana Oe1ndl0S are hereby OeOldTei
TO be and fixed as a. first and prior lien
upon the future earnings and the corpus
of the property superior to all claims,
liens and demands against the same.
The said receivers. Clark. Anderson.
Mink. COudert and DOane. shall collect
and receive all amounts due or owing to
Line & Utah Northern Railway company
or to the Union Pacific Railway company
on or prior to June 1. 1895, and shall out
of the moneys now in their hands and
f1n mo- =nn coll
and liabilities incurred by them on and
prior to that date, and the debts and
claims that they have been or may be
authorized to pay by the orders OF court
so far as the moneys now in their hands
and the moneys TO be collected by them
will pay the same.
The receivers herein appointed shall
collect and receive the earnings of said
railroads covered by said consolidated
mortgage which accrue subsequent TO
June l, 1895; they shall pay the expenses
and liabilities for operating said rail
roads which accrue subsequent to that
date, and such claims and demands and
such portions of claims and demands
against the receivership of the prop
erty as the said property may be justly
or eqUitably liable to pay. and in case the
moneys now in the hands OF the f1Ve re-
ceiyers and the moneys TO be collected by
them shall be insufficient TO pay the tuSt
claims and demands against them equit-
transferred under this order, then the
said receivers herein shall pay the bal
ance of said claims
The wyoming Division.
The said receivers. Clark. Anderson.
Mink COudert and DOane shall render
their accounts. and all of their receiver
shin shall be administered and adjudged
and disposed of i'll pursuance of the or
der of the said circuit court Of the United
States in and for the district of Wyoming,
hereto attached, and i'll pursuance of
such other and further orders therein as
the said court may from time to time
make; this court expressly recognizing
the primary jurisdiction of the said cir
cult court in and for the district of Wy
oming, 10 administer the receivership at
fairs of the said Clark. Mink, Anderson.
Coudert and DOane and their accounting,
as in said order Of said court provided
And this court reserves to itself hereins
the right to make such further and other
orders and DEGREES as may be necessary
circuit court of the United States in ard
for the district of Wyoming, touching the
matter in respect to which jurisdiction has
been reserved by the said circuit court III
the said order
Until the payment by the said Ameri-
can Loan and Trust company OF the said
several sums hereinbefOre stated to the
said five receivers, this order is suspended
and shall not go into erect; but on the
payment of the said several sums, and
each of them, on or before July 1, 1895,
1t shall take effect.
The said circuit court of the United
States sitting in and for the district of
Wyoming, having in the order Ga copy OF
which is hereto attached, directed the
said five receivers to advance toward the
payment of the interest now in arrears
on the prior and underlying first mort
gage bonds Of the Oregon Short Line the
sum of $40. 600, and to advance the FUR
Their sum of $110000. to be applied upon
the past due interest of the prior and
underlying first mortgage of the Utah "
Northern Railway company, said order
and direction are hereby approved and
adopted by this court. and the said i've
receivers on receiving from the Amerl-
can Loan and Trust company the SAID
several amounts required TO meet all of
the said overdue interest on the prior and
underlying first mortgages nereinbetore
stated are hereby authorized and directed
to apply such sums so received, together
with the sum of $4,000 and the sum or
$4,000 specified in said order. TO the pay
ment and satisfaction of the said over
due interest on the said several prior and
first mortgages, together with
interest on all past due coupons: each or
said sums of money to be applied only 10
the payment and satisfaction of the over
due interest on the mortgages for which
payments are hereinhefOre directed to be
made by the said American Loan and
Trust company, and for which payments
have been directed, as aforesaid, oy the
said circuit court of the United States IN
and for the district of Wyoming
Bond Placed at 100000.
Subject to the conditions and reserva--