Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-06-10

pany, 10 transfer ami turn over the
sail railway lines and properties to
John III. Egan, receiver appointed by
the circuit court u tho Uaitud States
for the uiattloi Of Oregon on the aOth
day Of March, 1895, In the cause
brought by the American Loan a
Trust company against the OREGON
Short Line d Utah Northern Railway
company Tor the foreulosurs OF the said
consolidated mortgage, Mr.. MoOfnold
storey and Mr Frank Kellogg appear
Ing aud havi been heard for the
motion, and Mr.. John NJ. Thupt1n
appearing aud having been heard for
The said hve receivers, and Mt. Wins.
Tow ). Pierce appearing anu having
been heard for the trustees Of tho senlor
| mortgages now under foreclosure
proceedings, aud Mr.. II. :. Hall
appearing aud having been heard
iur The Oregon Short Line d Utah
Northern Railway company, Mf. T..
4. SanhOfu appearing anu having been
heard for Ollvcr AIMEE, second, and
Samuel Carr, present holders anu rep.
fuseutalive. ~ securities Of ths Oregon
Short Line a Utah N1rthotu Railway
COMPANY, ami Mr.. 4. l.. Williams up
pcsring AMI having been heard for
Mrs. ID. &. Dunbar and J. T., Cliut0I
ct nj, present holders aud REPRESENTA-.
tivoa OF certain hgst mortgage bonds Uf
the Utah Southern Railroad company
and the Utah Southern Railroad Tx.
tension. aud other stock. anu bonds Of
The consolidated company, and upon
due consideration,
IL Ia ordered, adlu1goi and decrcod,
that Johu NJ. Egau, u 81. Paul, MIN.
nesota, auu W. II. Bancroft, Ot Salt
Lake city, Utah, ue auJ thcy are here
W appointed by this court Nv receivers
Of sll the railways aud property, 40 far
40 the same are situated OF may here.
after be found within tue Territorial
Jurisdiction " this court aud comprised
Ia tho iudentufe Of mortgage dated the
nTst Of August, 1859, aui madu be.
tween this Oregon snort Linz q Utlh
Northern Hallway company, On the
UEc part, and tue American Loan
and Trust company VI the other
part, aud upon ana during COM
plianCe with the conditions hereinafter
stated, tuey are hereby authorized aud
directed 10 take anu hold possession Of
and operate thu railways and proper.
ties covered by thu said mortgage, 20
far rs the tame may be situated or
hereafter found to be within the terri
tIual Jurisdiction VI this court, aGd
tako and unB the supplies anu materials
which have been distributed along tue
line VI said railway TOT the Use thereon
by the fecolyefs now Ia pJs.e-sion.
Upon coalition that the American
Loan x Trust company pays tho
intotctt now due upon the dtbti St.
cured by tue first Or underlying mort.
gngo 10 John #. Dillon, trustee, for
fourteen million nine hundred and
thifty-Ono thousand d0llhnts ,H8l ,OuO)
on that portion OF this Ta.lwuy Oi the
Oregon Short Line d Utah Northern
Railway company watch prior 10 tue
consolidation was owned by the Ore.
gOn short Linz Railway company,
that IL pays tue interest now Jus UPON
the deb. secured by the fret OF under.
lying mortgage g. joseph R.charisJn,
trustee, Tor !s,gBJ 900 ON that portion
0f the sgi1 railway lines which was
formerly owned by the Utah X North.
ern Railway company; aud that II nl.o
pays the Interest now uuu upon the
deGts secured by the underlying mOrl-
gage ~ james NJ. Ham, trustee, on
those portions Of tho said railway
lines which pTiOT 10 toe consolidation
weTo owned by the Utah Southern
Railroad company and by the Utah
Southern Railroad Extension, which
said mortgages now amount 60 the
principal sumo, respectively, Of 81 49,
coo anu 81 ,UjO,O 900; ami that It pays tue
miscellaneous VI interest thAt hereafter
become due upon the bonds secured
by zach ana every Of the said under.
lying mortgages during this receiver.
ship as they respectively fall due. The
Fight OF the said receivers TO take Aud
retain possession Oi and operate tbs
said railroads and property covered by
the consolidated mortgage Of this Ore
gon Short Limo * Utah Northern
Railway company TO thu American
Loan 4 Trust oompauy, dated the
fiut day VI August, 1859, being SUI ect
10 the performances OF osOh nnd every
Of thu said conditions by tue said
American Loan 4 TTust company.
Upon payment by tho AmeTiran
Loan d Trust company on or before
July lsI, 1895, TO the receivers now IN
possession OF said property, Of the sum
VI 1917 $3.50 aud Interest on fiiI $3.50
from February let, 1895, Interest due
ON the underlying mortgage Of the
Oregon Short Line company, and Of
tho further sum Of l0i, S.b anu interest
on sl7i,s25 from January LIST, 1895, In
terest due on the underlying mortgage
OF tue Utah ~ Northern Railway com.
pany, and VI the further sum OF $780,
$50 and interest on $50, ilO thereof
from July /, 1894, and interest on $685..
40 thereof from January |, 1895, being
la tho aggregate tue amount Of in,eteH.
moneys Jus on the underlying mort
gsge OF the Utah Southern Railroad
company, known rs the general mort.
gage OF said company and Of the
the further sum u sl7Os70 with inter.
est on S3i,37O thereof from January /,
1894, Rrd ON SOS $50 thereof from Jan.
ugfy |, 1906, being in the aggregate
the amount Of interest moneys past
due on the fret or underlying mort
gage Of tho said Utah Southern Rail.
road Extension, which said several
Sums shall he forthwith applied by
them 10 the payment VI the Interest
now due ON debts secured by the eaid
respective mortgages; ami upon such
payments aforesaid hud the perform
anoe Of each and every the said con.
ditiOns, the receivers now IA possession
OF the s.id railways aud properties, to-
wit, +. II. IL. Clark, Oliver w. Mink,
H., ElleIy Anderson, Frederic H.
CoudeTt and John w, D0Ane, shall sur
feuler up aud deliver over 10 tho SAID
receivers appointed by this court the
possossiUu Oi Ell the said railroads anu
properties Of the Oregon Short Line &
Utah Northern Railway company, 50
Tar a. the aatn1 may be now situated