Opinion ID: 1752024
Heading Depth: 1
Heading Rank: 1

Heading: Travelers' Claims

Text: The following table shows the significant dates and figures involved in Travelers' claims: Contract Contract Proceeds Labor & Attorneys' Proceeds held by Material fees & legal Date Contract on each receiver Claims expenses of proceeds job now that represents paid on Travelers allocated paid held by 10% each job to by owner Receiver retainage by Travelers each job Webster 11/12/69 $7,342.41 $5,613.44 $ 8,459.47 $ 793.60 Yalobusha 10/13/69 8,191.13 5,583.21 12,217.35 793.60 | 10/10/69 22,520.24 23,943.03 4,761.64 Chiwapa On July 31, 1969, Travelers wrote the owner on the Yalobusha County contract that This shall be your authority to pay to the above contractor, all monies due under the above project, and on August 28, 1969, a similar letter was sent the owner on the Webster County project. The final payments on these contracts were paid to Stigler on the dates and in the amounts shown on the above table. No such letter was written concerning the Chiwapa contract and the amounts due thereon were paid as shown on the above table. Stigler opened a new bank account and deposited therein the payments made on the three projects before appointment of the receiver. This separate account was taken over by the receiver and continued as a depository. All deposits were made in this account in the amounts shown on the above table and these funds have not been commingled with any other funds.