The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1910-04-16

The District Court was occupied on
Thursday, April IA. with the hearing of
the petition Of Bank Receiver Reynolds
for permission to sell aud dispose Of 455
shares Of the Fret National Bank Of
Elko. formerly owned by Oscar j.. b. l..
aud Minnie ID. Smith, and now belong.
ing to the Eureka County Bank, to Il. S.
Gedney Of Elko, Nevada, for the sum OF
$4,000 cash, or at the rate of $50 per
share. This price would be equal to the
Eureka County Bank receiving the par
value, 800. per share for the stock, as the
Comptroller of the Currency has notified
the E ko bank that its stockholders shall
be assessed a sum estimated at $40 per
share, to make good its paid mp capital.
Judge Breen informed the attorneys he
would require a stenographer to report
verbatim the entire proceedings, aud
the full report is as follows:
ReceiDer Permitted to Dispose of Assets
The State Of Nevada, ex REL, r. O.
Stoddard as Attorney General. ct al,
Plaintiffs. VS.. The Eureka County Bank.
a corporation, ct al. Defendants.
Good cause being shown therefor. it is
ordered that G. II. German, Els l., be,
and he Is hereby appointed official re-
porter of the Third Judicial District
Court Of the State of Nevada, in and
for Eureka County. in the matter of the
petition Of Spencer Reynolds, as Re-
ceiver of the Eureka County Bank. for
an order to sell personal property.
Stenographer G. II. German sworn.
Attorney O. b. Henderson read peti.
ton.
Spencer Reynolds was called, sworn
and testified as follows:
Mr.. Henderson-Ar. Reynolds, you
are the Receiver Of the Eureka County
Bank. are you not.
A. Yes. sir.
@. You qualified on the 18th day OF
April. 1910. as such.
A. Yes, sir.
@. You are, at this time in posses.
sion of the property and assets of the
Eureka County Bauk.
a. am.
Q. When you took possession of the
Eureka County Bank did you find there
hands witness certain certidcates) the
following certificates, representing GER
tain shares in the First National Bank
of Elko.
A. / did that is part of the securi-
ties turned over to ma as part of the
assets.
@. Will you read of the number of
the certificate aud the number of shares
If each certificate.
A. Do you want the name of the
holder.
@. Yes.
A. Certificate No. 12, 10 shares, o. j.
Smith; Certificate No. 10. 10 shares,
o. j. Smith; Certificate No. 16, 25C
shares, NJ. d. Smith; Certificate No.
30. 90 shares, NJ. d. Smith; Certificate
No. 81, 10 shares. NJ. d. Smith; Certih-
cate No. 90, 10 shares. NJ. d. Smith
Certificate No. 20, so shares, B.. l.,
Smith; Certificate No. SO. 20 shares,
W. E. Grifiu: Certificate No. 70. 8
shares, o. j. Smith Certificate No. so.
40 shares, o. ]. Smith; Certificate No.
81. 20 shares. o. j. Smith; Certificate
No. 81, 5 shares. II. w. Clarke; Certif-
cate No. IS, 5 shares. o. j. Smith.
@. Those certificates are all endorsed
by the owners. are they not.
A. Yes, / think every one is endorsed.
The Court-Rsad them over and see.
A. (Witness examines papers.) Yes.
sir they are all endorsed.
Mr.. Henderson - What is the par
| value of each certificate as represented
on the face thereof.
A. Par value 500.
O. Have you been informed or heard
that au assessment on the shares Of the
First National Bank, Elko, had been
ordered by L. o. Murrey. Comptroller
OF Currency.
A. Yes, sir.
@. What were you informed that as
sessment would be.
A. $40 per share.
@. Have you been offered the differ
ence between the par value as repre-
sented on the face Of the stock and the
assessment by any person.
A. ! have.
@. That would be $50 per share
A. l have been offered $50 per share.
O. Who offered that
A. Mr.. +. s. Gedney.
@. Has he offered you $27 300
A. He has.
O. For this stock
A. Yes, this 455 shares.
@. Do you feel this is q fair offer
A. l consider it a fair offer.
O. If not sol d. this stock would be
assessed