New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1917-11-09
RECEIVER APPOINTED
LAST SATURDAY FOR
STATE PUBLISHING co

A<Ao1 % - EON
STATE PUBLISHING CO
On last Saturday The New Mex.
leo State Record passed under the
control of a receiver. Frank Staplin
former manager, was appointed tc
serve as receiver. He filed an &C
ceptable bond at once and took
charge of the property. The story
is best told by the official record it.
self, which is appended, the two do
cuments being the petition and the
order of the court.
The Petition
In the District Court of the State
of New Mexico Within and for the
County of Santa Fe.
Frank Staplin, plaintiff, VS.. State
Publishing company, a corporation
defendant. No. 8915.
Comes now the plaintiff above
named by his attorneys McFie, Ed
wards & McFie, and for cause of &C
ton states:
/. That he is a resident of the
county of Santa Fe, state of New
Mexico, and a stakeholder and credi-
tor of the defendant company.
2. That the defendant is a corpor-
alton organized and existing under
the laws of the state of New Mexico,
with its principal office and place of
business in the city and county of
Santa Fee in said state.
3. That the said defendant, COM
pany is insolvent in this, to-wit, that
it is unable to meet and pay its cur
rent obligations, including a judg-
ment of record against it, as herein
after set out.
d.. That the total assets of said
defendant are of the value of about
$14 600; that its secured liabilities are
approximately the sum of $1,000, and
its unsecured liabilities are aproxi-
mately the sum of $3.50; that includ-
ed in these unsecured liabilities is a
Indictment against the defendant in
favor of the Graham Paper company
OF st. Louis. Mo, in about the sum
of S1244. Plaintiff is informed and
believes that the said Graham Paper
cOmpanv is about to sue out n writ
Of execution and have the same levied
,1pon the property of the defendant,
that if said writ ie % levied the hus-
mess of the defendant comDany,
which IS that Of winter and publish
er. viii be cOr1nlotelv suSpendcd {;
that if the said defendant comnHny's
business is so suspended it will re-
SILT in great loss to YOU petitioner
and the other creditors of said de-
fendant; that if said business is per-
mittcd to be continued by the ap-
Dointment of a receiver under the or
der Of this court, plaintiff states. up
on information and belief, that in the
course of a reasonable time all of
the liabilities of defendant COMPANY
can be paid in full from the profits
and receipts arising from said bust
s. That for the best interests of
all the creditors of said defendant
company and its stockholders. 4 re-
should be Amounted forthwith
to take charge of the assets of said
defendant company under the order
of tive court.
Wherefore. your petitioner pravs
a receiver be appointed forth
with to take CHARGE ,and control Of
the assets and business of the said
defendant company.
McFie. Edwards e. McFie.
Attorneys for Plaintiff, Santa Fe,
NJ.
Order OF The Court
This matter coming to be heard
his day, the third of November, up
IN petition of plaintiff above named
md plaintiff having introduced his
evidence and the court being suffi-
advised in premises.
1t is hereby ordered that Frank
of Santa Fe, N. M, be and
lie is hereby appointed receiver of
he State Publishing company, with
ull power and authority to take pos
ession of the assets of said defend
mt company and to continue and
onduct the business of said CON-
any and to do any and all things
or proper for receiver of
UGH company until further order of
curt.
Further ordered that said corpora
ion, the defendant company and its
Ulcers and agents are hereby en-
oined from exercising any of its
or franchises and from
ollecting or receiving any debts, or
aging out, selling, assigning or
transferring any of its estate. monies,
inds, lands, tenements or effects un-
| the court shall otherwise order.
That this order shall be effective
pom filing by said Frank Staplin as
e%ceiver, a good and sufficient bond I
, the sum of two thousand five {
undred dollars ($2500.) {
Ordered in. open court the third of r
ovember, 1917. II.
REED HOLLOMAN,
Judge.