Pine Bluff daily graphic., 1897-04-27
THE SOUTHERN BUILDING & LOAN ASSOCIATION OF KNOXVILLE, TENNESSEE.
 Dnfandauf

| BHlIDIN0
 l & LOAN ASSOCIATION OF
 1 KNOX WILLIE, TENNESSEE.
 l Defendant.
 l Now on this day comes Y. 0. Alexander the receiver heretofore appointed and qnali- 1 fed in this ease. and asks the court to make an order for his guidance in the dis charge or his duties es snch receiver. and the Court upon consideration, doth order and direct said receiver 10 demand in person or by letter from each and all persons who are borrowers from the defendent, the Southern Building and Loan Association. of Knox ville Tennessee, and who reside In the Second Chancery District of Arkansas, or who have given to said Association as security for their loans mortgages or deeds of trust upon 1 land lying In said district an immediate pay ment of the debts they owe said Association. and in settling with said borrowers said re- ceIyer is directed to charge them up with the sum borrowed and interest thereon from date of the loan till the date of the payment, and, when the borrowers contract with the Association provides for payment of pre- mIums, to credit such borrower with all in- terest and premiums paid and to collect the amount thus found to be due, allowing no credit in such settlement for dues paid by such borrower until final settlement Of the affairs of said Association, at which time I such borrower is to have credit for the dues so paid In and is to participate in the distri- button of assets of the Association on the same terms as non-borrowing stockholders; and, where tke borrowers contract does not provide for the payment of premiums, to credit such borrower with all interest and one half Of dues paid and to collect the amount thus found to be due. allowing no credit in such settlement for the remaining half of dues paid by such borrower until final settlement of the affairs of said Association. 1 at which time such borrower is to have credit for such remaining half of dues so paid In and is to participate in the distribution of assets of the Asseclation on the same terms l as nom borrowing stockholders.
 l Any borrower may have time until the further order Of this court for the full settle nsnt of his indebtedness on condition that he shall forthwith pay to the receiver all in- stallments now due under his contract and
 all fines acerning prior to January 90. 1897,
 and shah continue to pay to the receiver monthly installments as required by the terms of his contract
 Upon the payment to said receiver of any
 debt found due as above directed said reeeiy-
 CT is authorized to satisfy the mortgage SC
 paid. If any of said borrowers refuse to pay
 to the receiver the debt he owes said Associa.
 tion then the receiver is authorized to bring
 suit in the Chancery Court to enforce pay
 ment, and the law firm of Crawford X Hud-
 son of Pine Bluff. Arkansas, are hereby ap
 pointed attorneys for said receiver to consul
 and advise him and to prosecus such suits as
 1t may be necessary for said receiver tC
 bring under thls order or any further order Oi
 this court in this case. All fnes accruing be.
 tween Januanry 20 is97 and May 10, 1897
 shall be remitted.