Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1908-04-24
ASKS FOR RECEIVER
FOR THE STATE
BANK AND TRUST CO.
Restraining Order Signed a.
Judge Langan Today. Petit.<>n
Will Dc Heard on May 18th

At late hour Yesterday afternoon
the Bank Commission of the State Of
Nevada instructed the Attorney Cen
eral Of the State % institute pro
ceedings in the district court OF this
county asking that Judge I,angan ap-
point a receiver for the State Bank
and Trust Company The Attorney
General filed the application at about
$50 last evening.
4 restraining order was also issued
and the same forwarded to Judge
Langan at Virginia City and the same
was signed this morning and will he
returned to this city on the evening
train
The case comes up for its first
hearing on motion to show cause
why a receiver should not be appoint
cd for the bank on the 18th day Of
May next
The complaint filed last night IS a
lengthy one and practically covers the
entire banking situation since the
closing of the institution on the 23rd,
iav OF last October to the present
time. The suit is brought by the
State of Nevada through the Banking
Commission composed Of Governor
Sparks. Secretary Of State Douglas
and Treasurer Ryan and the president
T. B. Rickey. and all the directors OF
the State Bank and Trust Company
and the sheriffs and constables OF
the counties of Nye. Esmeralda and
Ormsby are made the defendants.
The latter come into the case owing
to a number of attachments that are
filed against the bak in the above
mentioned counties which have been
served and are under the immediate
Of the court.
The complaint sets forth the fact
by Examiner Miller, and although
they have frequently repudiated the
report made by him. they now declare
the correctness of it and also declare
the insolvency of the bank.
They further add that unless q re-
ceiver is appointed that the property
and assets of the banking corporation
will become dissipated and that q
vast amount Of money will be lost
to the depositors in this manner,
Wherefore plaintiff prays for order
judgment and decree of this honor
able court as follows:
I. That said defendant corporation
is insolvent and that it is. unsafe fo
it to transact any further busines:
whatsoever; and that said defender
corporation be forever; restrained ant
enjoined from transacting any o
| its business whatsoever.
| 2. That receiver with usual pow
eIrs to be appointed by this honorable
court. authorized empowered and dl
rectel to take exclusive charge, pos
session and control of the severa
banks and banking houses OF SAID de
fendant corporation, and OF its al
fairs, moneys, properties, effects AM
assets. and to judically collect an
preserye the same. to prevent waste
loss and diversion thereof. and t
iustify and equitably divide the sam
among said depositors and other per
sons entitled to share therein. unde
the order and direction OF this cour
and according to law.
3. That said defendant. sherln'
and said defendants constables, D
enioined and restrained from levyin
said writs of attachments or other le
gal processes. and from taking pos
session of the bank and banking
houses of said defendant corporation
or of its moneys, effects, property
assets. and that any and all OF sal
writs or other iagal processes hers
tofore levied be forthwith discharge
released and dissolved, and any an