Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1921-12-15

STATE OF MINNESOTA. COUNTY Of
STEARNS.-SS. DISTRICT COURT,
SEVENTH JUDICIAL DISTRICT.
L. P. kaufman and Maurice NJ. ftyan'
co-partners as kaufman & Ryan,
Plaintiffs,
Granite City Investing Corporation, a
Minnesota corporation, Defendant.
ORDER.
The above entitled action having
come on for hearing before the under,
signed, Judge of the above named
| Court, at Little Falls, Minnesota, on
Moore, Oppenheimer, Peterson & Dick,
on, attorneys for the plaintiffs, ana
Messrs. Quigley and Donohue, appear.
ing for the defendant, and the Court
having read the verified complaint ana
the Verified answer of the defendant
herein, and being fully advised in the
premises,
Now Therefore, after due considera-
ton and upon all the files, records n
proceedings had in the above entitled
action, on motion of Messrs Moore, OPP
nenheimer. Peterson & Dickson, attor-
neys for the plaintiffs, it is hereby
Ordered, Adjudged and Decreed-
(a) That the defendant corporation,
Granite City Investing Corporation, is
solvent but in imminent danger OF IN
sOlvency.
(bJ that the allegations of the COM
1c1 That Fred N. Dickson and James
!. Quigley be and hereby are appointed
Receivers. for the business, properties
and affairs of the corpo!ae
ton, said appointment to be effectlve
upon the said Fred N. Dickson and
james ]. Quigley fling a BOND IN the
form and with sureties approved oy
This Court, which said bond shall be IN
the penal sum of Twenty-Five thousand
(s25,OOO) Dollars, and upon their 1ur-
ther fling their oaths of office in the
! form approved by this Court.
Upon SO qualifying, said Receivers
shall have full power and authority to
take possession of all and singular the
assets and property of the said defend
ant corporation, and subject to such
further orders as the Court may from
time to time make herein, take any
and all actions deemed by them wise
or necessary to conserve and control
said assets and property, to manage
and conduct the business heretofore or
now carried on by said defendant cor
poration, to collect and receive any
moneys due and owing said defendant
corporation or to said Receivers by
suit or otherwise, and out of said funds
pay the expenses of the receivershlp
and of prosecuting said business and
maintaining and conserving the pro-
perty of said defendant corporation
granting unto said Receivers authorl,
ty to buy such materials, appoint and
discharge such agents and employees
as may be necessary to carry out the
of their appointment, or to
conserve ana pTOLcCI Ino pIOPCAty VI |
the defendant corporation, and to do all
other acts which may be necessary,
proper or expedient to protect the as
sets Of the ~receivership estate, subject
regulation of this Court as embodied
in such further orders as it may from
time to time make herein.
Such Receivers shall have fuI power
and authority to prosecute and defend
in the name of the defendant corpora
ton, or otherwise, all claims or suits
now pending or hereafter instituted or
(d) That said Receivers be and here
by are granted three months from the
date hereof, and said time is hereby
to be a reasonable time, with
in which said Receivers may elect to
or donnnraion contracts OF the
(e) That all creditors of said defend
ant corporation shall present their
claims against said ~receivership estate
in a form to be prepared and used by
the Receivers, with the Receivers. Said
claims shall be 50 filed on or before
six months from the date hereof and
this portion of this order to all credi- .
tors by mailing a portion of this order
% each creditor, addressed to him at his ,
address as the same appears npon tne !
ten (1o) days from the date
hereof, and by publishing a copy OF
his order in Der NOrdStern, a egal
newspaper published in the City OF ST.
Cloud, Minnesota, once each week Tor
three successive weeks.
() Upon the~e expiration of said time !
for filing claims, the Receivers shall 1
,eport to this Court all claims filed
with them, and whether the same, IN
he opinion of h said Receivers, are s
or incorrect, and such further Z
shall thereupon be taken there Z
IN as shall be ordered by this Court.
(g) All funds or property remalnlns 4
n the hands Of the Receivers after the 3
ayment of the expenses as above OUT {
ined, shall be held by said Receivers 4
% be disposed of in such manner as Z
his Court shall hereafter direct. ]
(h) That all creditors Of defendant !
and all other persons are s
lereby restrained from in n manner ,
Interfering with any Of the property !
If the defendant corporation In the &
possession Of said Receivers. except as I
UGH action may be expressly author 9
zed by this Court. y
i) The Receivers, or any party inter 4
sted. is hereby given lief to apply to 4
he Court at any time for any other or ,
urther grant Of power to said Re- \
.eivers. or for such further order re- 4
pecting the conditions or ndu OF :
aid ~receivership as the circumstances y
nav render advisable or necessary. &
Dated at Little Falls, Mimi, this 18th {
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