The Barre daily times. (Barre, Vt.) 1897-1959, 1922-02-23

stockholders Of the Barre Savings
Bank and Trust company, and that
such stockholders ais care to may be
A permitted to Join in the guaranty Of
A the Barclay loan In lieu Of paying an
assessment in cash;
i (3) That the petitioners be given
the right To bring suit IN the name Of
the receiver but at their own expense
4 against all stockholders, who decline
/ to pay their assessment or join in
1 the said guaranty OF the Barclay loan,
\ and in that connection that such judg
ments and DEGREES levying such ASSESS
| ments' be assigned To some suitable
/. person for the benefit Of the petition
/ ers;
(4) That the National Surety com
pany may be admitted as q party to
| these proceedings for the purpose Of
making compromise and settlement
of it's liability as surety on the bond
of $4,000 to secure the trust fund
claims Of said Barre Savings Bank and
| Trust company, and that said Surety
company may be discharged from all
| liability under it's said bond upon max
ing payments to ensure four per cent
interest return to the trustees now rep
rcscnting the trust funds Of which the
Barre Savings Bank and Trust COM
pany was formerly trustee;
t5) That writ Of subpoena may
issue directed to Hattie Bancroft
Scribner, Sarah A. Reid and Clinton +.
Millar commanding them to appear be-
fore this court and show cause ii any
they have why an assessment should
H. srl +hffp hlt nf 4bnl
capital stock Of the Barre Savings
Bank and Trust company standing in
their names upon the books Of said
bank ON the Esd day Of November,
1920, and since to the present time;
90 That upon the payment BY the
National Surety company Of $4,000 or
such sum as may be necessary to pay
four per cent interest upon all trust
funds that the trust fund claims
amounting to about $4,000 may be
ordered paid in full with interest ait
four per cent per annum computed |
upon the principal Of said trust funds
as Of Oct. /, 1920, and compounded |
semi annually said payment Of the /
trust funds to include interest up to
the date Of payment;
lTl That upon the payment Of the /
Barre Trust company Of the price Of /
fered for all of the assets OF the Barre /
Savings Bank and Trust company that /
100 per cent dividend may be paid to
the other claimants who have proved
their claims against the Barre Saw
ings Bank and Trust company. and
which claims are not entitled to prior
ity;
81 That upon the foregoing things
having been done final decree may
be entered in this cause discharging
the National Surety company from
further liability under their bond, and
the petitioners from fur
her liability for an assessment upon
their shares Of capital stock Of the
Barre Savings Bank and Trust com
aary;
leD That the receiver may be ordered
ID render his final account and upon
fearing on the same that the receiver
nay be discharged and the receivership
'losed; and Ii
fl0l For such other and further re.
ief az the nature Of the circumstances
Il the case require, Dated Feb. ~,
g22.
TO L. G. Moody, clerk Of the court OF
hancery within and for the county Of
You are hereby notified to give no
ice of the peiidcney Of the petition Of
III. Burke, et al, this date filed with
ne and Of hearing to be held there's
N, by publication in the Barre Daily
lines, daily newspaper published in
he city OF Barre aforesaid, once Il
reek for three successive weeks, the
ast publication Of which to be at
,ast two days previous to the date Of
caring.
II is hereby directed that hearing be
ad at the banking rooms of the Barre
avings Bank and Trust company
ARE, Vermont, at 10 o'clock in the
,renoon of Monday, March ID, 1922
nd it is hereby ordered that the pub.
cation Of the substance OF said peti.
on. together with the order az to
caring thereon shall be sufficient no.
ce 10 all parties interested
Dated at Barre, Vermont, this goth
~ Of February, A. d., l922.
lSigned
Stanley c. Wilson,
Chancellor
Given under my hand at Montpelier,
the county of Washington, this 2lst
" OF February, A. d., 1922.
Lewis {. Moody,
Clerk.
D the General Creditors and Deposi.
RS Of Barre Savings Bank & Trust
'mpanyi
You are hereby notified to meet at
. n..nrr.- Ranl- Hall On tie 1nd H..