The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-29

H. Zachary, w. U. Doollttle, and j. Il.
Rankin, Plaintiffs,
vs..
Southern Building and Loan Association.
Defendants.
Order appointing temporary Receiver.
Upon the reading and filing of the YER
flied bill of complaint of the plaintiffs
herein used as an affidavit, and it an
pearing to the court from the facts
therein set forth that the defendant as
ISOLATION is insolvent, and that receivers
have been appointed by the Chancery
court of the State of Tennessee, at Knox
vile, to take charge of the assets Of said
defendant association in said State in
which is situated the principal Office Of
said association, and to wind up its bust
ness; 1t is now, on motion Of Duff Mer-
rick, attorney for the plaintiffs, ordered.
adjudged and decreed by the court that
Lawrence p. McLoud, of the City Of
Asheville, State Of North Carolina, be
and is hereby appointed the temporary
receiver OF this court Of all and singular
the property and assets in the State of
North Carolina OF the said defendant, the
Southern Building and Loan Associa ten.
anctudlng all money, all debts due to said
association, all lands and all other prom
erty of every kind and description now
held or owned by said defendant associa-
ton in the said State of North Caro-
lima; to have and to hold the same as
the officer Of and under the direction and
orders Of this court.
The said receiver is hereby authorized
and directed to take immediate possession
or all and singular the property above
described and to proceed to the collection
of all the debts due to said association by
residents of the said State of North Caro-
lima.
Each and every of the officers, agents
and employees of said defendants. the
Southern Building and Loan Association.
are hereby enjoined and restrained from
in any way disposing of its assets and
from collecting the debts due to said de-
PENDANT association, and such officers and
agents Of said company are hereby COM
manded forthwith to turn over and deliver
to said receiver herefnbefore appointed all
books, papers, moneys or other property
of the said defendant association under
their control.
1he defendant corporation, its officers
and all stockholders therein and other
persons interested in slit "srpor ton as
creditors or otherwise. A. aotitial to an
pear before the underSsnA iud = of the
Superior court of the Stlta of North
Carolina, at Ashevila IN said State. on
the LIST day of May, next. at 10 o'clock
a. M, to show cause, If any they have,
why permanent rec liver shall not be
appointed for the ,sSats of said corpora
ton within the State OF North Carolina.
and in the State Of North Carolina. and
such other orders made and proceedings
had as to the court may seem meet and
proper.
1t is ordered that copy of this order
be published forwith by the temporary
receiver in the Raleigh News and Obser-
yer, a newspaper published in the capital
Of the State, the Ashevile Citizen, q
newspaper published in said city of Ashe
vile, and the Washington Gazette. a
newspaper published in Washington, NC.
The said temporary receiver is hereby
required to make and file with the clerk
of the court a justified bond in the sum
of two thousand dollars, with the usual
conditions for receivers bonds, before he
shall enter upon the duties of his office.
All creditors of said defendant associa--
ton are hereby enjoined from in any way
lntermeddling with the property hereby
directed to be turned over to said receiver
and taken charge of by him, and the said
defendant association, its officers and
agents, are hereby enjoined from inter
fering with or disposing of said property
in any way, excepting under orders of this
court.
Done at Chambers, in said city of Ashe-
vile, Buncombe County, n. c., on this
the 18th day of April, 1897.
[Signed.1
G. H. BROWN, JR.,