Pine Bluff daily graphic., 1907-09-06
CHANCElLOR'S
 ORDER FILED J. B. York and J. E. Ruther- ford Are to Receive An nually S3,0C0 Each for Their Services.
OTHER REQUIREMENTS
Business of the Bluff City Lumber
Company to Be Wound Up and As. sets Distributed Among Stock. hOlders-IniunctiOn Also Issued.

The order issued by Chancellor John M. Elliott in the Jefferson chan cery court yesterday, when he ap- pointed Captain J. B. York and John F. Rutherford co-receivers of the va rious plants of the Bluff City Lum- Der Company, was filed in the office of Circuit Clerk Edgar Brewster this morning. The requirements are in toto the same as those published in the Graphic yesterday. The receiv- CTS are to receive 5000 each per year for their services, payable in monthly installments of $25O. The order in full reads:
 Jefferson Chancery Court. John F.. Rutherford ct al, plaintiffs, vs. Bluff City Lumber Company ct al, defend ants.
 Now on this day comes on this cause to be heard upon the applica- tion of the plaintiffs for the appoint ment of a receiver, and for tempo rary restraining order; and come the plaintiffs, John F. Rutherford and M. F. Rutherford, by their attorneys, Austin & Danaher and w. F. Coleman, and come the defendants, Bluff City Lumber Company, Robert York, J. B. York, and c. L. Browning, by their ppi1 Iri1 Q Can't, and the court being we'll and l sufficiently advised in the premises, ' it is considered, ordered and decreed that the plaintiff, John F. Rutherford, and the defendant, J. B. York, be and 1 they are hereby appointed co-receiv- CTS herein, all parties waiving objec- tion to said Rutherford and York by reason of their being interested par ties, and, as such receivers, they are hereby authorized and directed to take immediate possession of all the assets of defendant Bluff City Lumber Company of every nature and kind, to run and operate it's mills, to dispose of its assets, and convert same into cash as quickly as possible consist ent with economy, for the purpose of ultimately distributing the proceeds thereof between the stockholders of in proportion to their respective shares; to collect, as rapidly as posr sible consistent with good manage ment, all debts due to the Bluff City Lumber Company from all persons whomsoever, and to pay off and dis charge as rapidly as possible, all debts due by said company to other parties. Any surplus remaining in the hands of said receivers after pay ing such debts, shall be reported to this court for distribution.
 It is further ordered that the said Bluff City Lumber Company, it's off, cers and agents, shall at once turn over and deliver to said receivers, all property, both real and personal notes, drafts, moneys, choses in ac- ton, books, papers, files and other things, of every nature and kind, be- longing to said company.
 Said receivers are ordered not to prosecute or attempt to prosecute the suits now pending in the Jefferson Circuit Court, brought by the said Bluff City Lumber Company against the Home Furniture Manufacturing Company, the Union Furniture Con- pany, and the Citizens Light & Tran sit Company, and the suit pending in the Greene Circuit Court, brought by said Bluff City Lumber Company .fagainst the Paragould Lumber Com pany, until otherwise ordered by this court. And said receivers appointed herein, as aforesaid, shall work to- gether, jointly, and neither of them shall have power to make any con- Itract, or do or perform any other act, as such receiver, without the consent of the other thereto; in case of any disagreement between said receivers same shall be referred to this court for further directions.