Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1912-01-12

!. far as they consist of lots and equities
LOT lots in the District of Co mhia and
Iequities in lands in the Sta 'es of Mary
lard and Virginia, the Court doth ad
q Judge, order and decree that Mori.z
IGochenour, G. W. Hita, G. B Rhine
d Ihart, j. W. Neeb and Joseph Gocben.
n our, any three of them may act, b:
and they are hereby appointed as
Commissioners and as such Commits.
sioners are authorized and directed
!, to examine the said lots and lands and
report what they consider the
fair value of each tract thereof and
make such recommendation as they
may think proper as to the adyis-
ability of the expenditure of any of
the funds of the Association, in the
preservation of the same or the equities
therein in the payment of interest or
principal on the MOI tgage liens there
on. or payment of taxes, insurance,
SC, thereon that may have to be paid
to prevent sacrifice of the same, and
Ia so far as they are able to indicate
what amount of money they judge it
advisable to expend upon each of said
properties, and make report thereof
to the court, and the receiver ut
funds in hand is authorized and di-
rected to pay the expenses of said
Commissioners and a per diem of
$500 to each for the time actually en-
ployed in such ascertainment and re-
port, but this sh all not affect the right
of the receiver to pay any interest or
taxes or costs now due upon such
properties, when the payment of the
same cannot safely await the report
of said commission aad when they
think the circumstances justify the
Expenditure.
The Court doth further adjudge
order and decree that this cause be |
referred to E. E. Stickley, one of the |
Commissioners in Chancery of this
court who is directed to ascertain aud !
report to this Court as follows
First. An account of the debts and |
liabilities of the said Association with |
the relative priorities of the same.
Second. A statement OF the assets
of said Association, the condition and
proba BILE value Of the same. /
Third. By whom and upon what
authority loans and investments other
than loans to borrowing stockholders
were made.
Fourth. A statement of the amounts
paid out to stockholders other than
holders of installment stock, since
July 1st. 1908, as dividends, upon what
authority any stock that during that
time has participated in dividends |
other than installnlent stock held by |
b)rrowers, was issued, and upon what |
authority the dividends thereon were
paid.
Fifth. Any other matter deemed |
pertinent or that any other party in !
interest may require.
Sixth. TheCommissioner shall also |
settle the account of the co-receivers
up to the date OF this decree.
Before executing this decree said |
Commissioner shall give notice Of |
the time and place appointed for the |
execution of the same by publication
thereof for four successive weeks il |
some new spaper published in Shep-
andoah county, which publication
shall be equivalent to personal serv
ice upon the parties. The Commits |
sioner is authorized to employ any
necessary clerical assistance to BIZ |
approved by the receiver.
Permission is granted to any cree
itor or other party in interest to come |
into this cause by petition to set up
any matter that can be properly con
sidered and adjudicated in the same
1t is ordered that E. d. Newman be |
now appointed as sole receiver with
all the powers herein conferred, and
he shall execute bond in the penalty |
of Twenty-Five Thousand Dollars, sc.
All matters and things connected
with the receivership are to be done
by his authority and in his name.
Subject, however, to the entire su
lpervision and control of said receiver,
w. ". Logan is hereby designated
to act as assistant receiver until the
further order of this Court, to receive
as his compensation a per cent. in
the assets collected which the Court
shall hereafter determine to be reason
able, but before entering as such he
shall give bond in the penalty of Ten
Thousand Dollars, conditioned upon
the faithful discharge OF his duties as
such, with approved security.
The decree heretofore appointed "
W. Logan and E. D. Newm IN as
receivers is to the extent above pro-
vided, amended and re-affirmed as
amended