The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1909-05-07
THE J. E. NORTH
RECEIVERS REPORT
COURT AT GULFPoRT APPROVES
OF RECEIVERS cEERTIFIcATE.
The Issue Is Not to Exceed One Hun
dred and Seventy-Five Thousand
Dollars First Lien Certificates.

GULFPORT, Miss, May 1.-THE re-
ceivers' certificates in the settlement |
of the ]. E. North Lumber Company |
suit have been issued and according
to the order of the court, countersign-
ed by F. S. Hewes, Chancery Clerk.
The amount issued is $150.00O, thirty
in number of $500 each. Upon the
petition of the Hibernia Bank and
Trust Company, and J. R. Pratt re-
ceivers of the defendant, they having
filed the form of receivers certificates
to be issued by them, under the order
made in the cause, dated March 29,
and the court being satisfied as to the
form prepared, the certificates were
accordingly issued. The form certifies
that ]. R. Pratt and the Hibernia Bank
and Trust Company, receivers of the
J. e. North Lumber Company, as such
receivers, but not individually, are in
debted to the bearer herein named in
the sum of $4,000, payable six months
after date, with interest at the rate
of per cent per annum, out of any
funds or assets of any kind now in the
possession or control of the receivers,
or which may come into their posses
sion, or be received by them or by
commissioner or officer of the court
from any sale of any the lands or
properties of the ]. e. North Lumber
Company, or any decree for foreclos-
ure of the mortgage to secure the
bonds or the assets of the Company
before payment of bonds, claims or de-
mands. secured or unsecured, of such
Company, or of the receivership. The
certificate is one of an issue in the
aggregate not to exceed $175,000, is
sued under the order and authority
of the chancery court of Harriso-
county, in the suit of the Marine Oil
Company and others VS.. the J. e.
North Lumber Company and others,
which is dated March 30, 1909. The
certificates are by the terms of the or
der and by consent of the parties t.
the suit, first lien and charge upon
all the singular properties and assets,
real and personal of the North Lum-
Der Company, described in the original
and supplemental mortgage of tht
Company to the Lincoln Trust Com
pany, trustee, to secure the bonds of
said company and on all the assets,
real and personal, now in the posses
sion of or under the control of the
receivers, or which may hereafter
come into their possession, or the pos
session of any commissioner or officer
appointed in the suit, and they are a
specific lien on the several tracts of
land described in the order, and to
pay for which the certificates are
issued and sold by this order of the
court the holders of the certificates
are substituted to the equitable liens
which by means thereof shall not be-
become obligatory until countersigned
by the clerk of the court. The receiv-
ers, as such, and not individually,
have affixed their signatures. A de-
ere was then made approving same,
and directing the clerk to sign same.
, An order was also made authorizing
and empowering the receivers to nav
= expenses of witnesses, ]. E. North and
. S. D, Thayer, in attending before exam
iner at st. Louis, Mo, giving testimony
in the suit brought by the receivers
= against the Lincoln Trust Compan!
and others in the United States Court
II the sum not to exceed $500.