The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-06-16

was in excellent condition to meet the
emergency, having on hand more cur
rency than ever before.
Mr. Trout stated to TIMES reporter
3hat the assets would more than cover
the Liabilities, and the depositors would,
he believed, secure every dollar of their
money. The trustee, Luoian 81. Cooke,
Will 90 to work at once settle up the
AFFAIRS OF the company and pay of the
creditors as fast as the money comes
into his hands, ss provided in the deed
Of trust.
The deed Is as follows:
This deed made the 18th day OF June,
1896. between the Roanoke Loan, Trust
ana SAFE Deposit Company, corpora
tion created and organized under the
laws OF Virginia, party of the first part,
and Lucien II. Cooke, trustee. party of
the second part.
"Wituesseth, Whereas Ut meeting Of
the board OF directors of the said party
OF the first part, held at its Office in the
city OF Roanoke on the 18th day of June.
1895, the following resolution was unan-
imously posed:
whereas. owing to the depression
OF business. as we'll as the shrinkage
OF value In the assets of this company,
the business of this company has
| ceased to be practicable, and under
such conditions, IT Is believed by the
board that 1t ia best for the creditors
and stockholders OF this company that
the company should retire from busi-
meas and proceed to the liquidation of
| its affairs.
Now, therefore, for the purpose of
carrying this intention into effect, 1t Is
| resolved
First. That the president and secre-
| tsry OF this company are hereby su-
thorized and directed to make and exc
| cute deed of assignment of all the
| monies snd property of this company,
whether the same is real, personal or
| mixed, to Lucien Il. Cooke, trustee,
upon the trust that he should take pos
session OF all of said property at once,
realize upon the assets of the company
as rapidly as possible, and out Of said
assets he shall pay
First. The costs and expenses incl
dent to the execution of said deed OF
| Assignments. as we'll as the cost Of exe-
cutting the duties of the said trust deed,
| and,
Second. To secure the payment
| equally and rAteably of all the
debts of this company due to depositors
either upon account or by certificate of
| deposit as we'll as any other debts that
may be due by the company.
Third. The residue OF the proceeds
Of said trust said trustee shall retain
for the purpose OF making good any liza
bility that may arise against this COM
or guarantor Of the loans contracted by
other parties.
THE foregoing provisions, however,
are subject to article 10 OF the charter
OF this company, that no portion of the
sssets OF this company shall be devoted
so the payments of any debts that may
be due TO the stockholders until the
payments have been made In full of the
debts due by the company to persons
who are not stockholders.
THE said deed shall authorize the
trustee to employ such attorneys clerks
and agents IS may be necessary for the
| execution Of this trust.
Now, therefore, for the purpose OF
carrying into effect the terms Of the
| above resolution according to Its true
intent and meaning. This deed is made
and witnesseth that In consideration of
the sum of SIS cash In hand paid, the said
Roanoke Trust. Loan and Safe Deposit
Company doth give, grant and convey
with covenants Of general warranty unto
the said Lucian Ii. Cooke, trustee.
First, all Its property of every kind
| and description. real, personal or N liked,
| together with it's cash on hand amount
Ing to the sum OF SO. l67.61, as we'll az all
It's notes, stocks, bonds. Office furniture,
| etc."
The real estate consists Of q We parcels
| OF land described in deed from E. Mini
| gle; two parcels of land conveyed by
Susy G. Howton; o parcel of land
| described In q deed from Ella Rhodee; a
| parcel Of land on South Gilmer street
conveyed in g deed from 81. M. Harris
ct. ais. to S. w. Jamison, trustee; two
parcels Of land described In q deed from
FL. s. Trout. trustee; . parcel of land on
the south side of Norfolk and Western
| railroad described in deed from Robert
j. Hawkins to 8. w. JAmison, trustee;
lot IS, section 16. of Rorer's map; a
parcel OF land conveyed by T. II Gibson;
a parcel OF land described in q deed from
Judith A. Boswell; an undivided one.
fifth interest in parcel OF land situated
, In Roanoke county and known % 20,
plant OF the Cushmsn Iron Com PAW. 1t
IL intended to embrace any and ali
| other real estate which may be owned
by the company or in which it NAV
have any interest.
The trustee Is to proceed at once to
the collection of all the indebtedness
due the company. He ia authorized to
sell Immediately all the personal prop
erty, and stocks and bonds. by private
sale or auction. He 10 to take immedi.
ate possession of the real estate con.
veyed and cause the same to be rented
or sold In such manner as he msy deem
best for the creditors.
The trustee is given full power to
compromise and adjust any claims that
may DO asserted by the grsntor. No
payments are to be made to any stock
holder until the ipdahiadnaas Of tha