Laserfiche WebLink
��� <br /> � D �C� � � f�Q�J �O �J � � �C� O � D � d <br /> O _ _ _ _ <br /> � y72.19-Ct0?P66APTLETYGO.,PRINTING�SITH06RAPHONG,STATIONEflY:OMAF#A � � � �� <br /> . .. .. . .. ..-. �__�. . :... . �. :- <br /> ga�es or other F�rcceedin�s and suits now pendir�, as exist and remain unp�.id �t the date hereof, <br /> i <br /> it bein� understooc� ana agr�ed tnat the receivers �hal1 p•a,y all Mas�er� s fces and costs of any <br /> f'oreclosure where �;�aster�s certificates have heen issuec� prior to trie dat� hereof. <br /> We a�;ree to accext tne assets and �ake sucY� title as the receivers now have, exce��t�herein— <br /> �efare Fx�ovided. <br /> The abov� tc� be �indin�; u�on us only in the event of the acceptance by tne court and upon tn� <br /> rendition by tne Court of sucn orders a,nd d�creses as v�Tould law2'ully b� necessary and pro�?er to <br /> cc�nve,y and transfer t� us all of said assets as above mentioned. And sriould a receivershiF be ' <br /> necessary Pc�r tne purehaser in connection witri trie collection of any assets, tnEn such may t�e u�ed <br /> by t.�e purchaser, but dt their ovcn pro�er expen�e. <br /> Tni� offer is rnade with reference to tne cha,racter and conc�ition of tne a,ssets of the Union <br /> at *.he clate rier�:of. if any of trze present assets of the Union should be converted into or recluced <br /> ta carh between tne date nereof a�na tne consummation of tn� �urenase by us , the ea�.h so reeeived <br /> snall �tar�c► irl t�ne ��lace of tn� property so conv�rted a.nci reuuced ana we shall b� entitled theret4 <br /> in lieu of' tne pro�:��rty so c�r�verted. or r�au�ed. <br /> Payment to be made irnmeaiat�ly after the entry of the findl order ctireetin� tne receivers to <br /> . <br /> accept and execute triis pro�osition anci upon tne execution oF the necessary instrument af transfer. <br /> The elaim navir�,� been made tnat certa,in so—�alled certificates of c�epoQit issued by said <br /> Union and certain so—called cash degosits made with sucn Union, dre ��referrea anc� �ho�ld be paic� i� <br /> full before tne holder� of in�talment shares b�come ent itled to sriar� in t�.e dis tribu',ion, no�rr as <br /> a further c�n�iderati�n v��e will a�ree tna,t a11 0�' sucri certificates of deposit and cash de�osil�� <br /> o�xned 'hy us, �mountin�; to about foi�,r triousand ctollars, a.nd such as sha11 hereaPter be acquixed <br /> �y us, sha11 snare in trie distributi�n on the �arne basis aa instalment stock. <br /> As a further consi deration �r° a�ree to make na claim a�;�,in�t *,he receivers oP or on account <br /> of tne sum of el�ven hundred and Piftv dollars (�1150.00 ) �a�i d '�y us to Hiram Barber, Esq. , �[aster <br /> in Cnancery, �,s fees for n.is r��:�ort on aur petition prayin� for �. ctecree allowing tne stock of said <br /> Union to be excnanged for its asa�t�. <br /> w� na�,�e �een ir�fc�rmea t�at you, as r�ceivers, nave agreed to accept from William �3. 0'Connor <br /> ull settl� er�t o�' his ind�btedness to trie <br /> trie sum of three thousand c�ollars (�3,000.00 ) net in f r� <br /> Union ar�a to yau as i�s receivers, and if tne groposition nerein made by us �:s acce��teci, we a�ree <br /> �,s a pa.rt of tne corisis�ratior� to carry out and consummate said a�ree�nent. <br /> We nave also beer: informed tnat you �.a,ve a�reed to se11 to one Patrick Conway, tne �Iaster� s <br /> certificate issued in foreclosuxe suit a�ainst �rid�et Conway, upon the ��ayment of the Ful1 amount <br /> of said certificate an� lawful intere�t , and as a Fart ,of' tne con�icieration of trie sale of trie <br /> asaets of said Union to us, we dgree ta carry out arid consummate said agreemsnt. <br /> ��es�:ectfully �ubmitted. <br /> Cobe & T��cKinnon, <br /> TY�e court furtner �Pinds tnat it is for trie best interests oP th.e stockholders of the As�ocia- <br /> tion t��,t said off'er �F s�:z,id Core & McKinnon be accepted; and that a31 parties in interest are <br /> �resent �r represented in court and that t�e court rias juri��iction of all such parties and of <br /> the subject matter nereof <br /> Tne court furtner finds t�at t�e said bici anq. offer of' trie s�,id Cobe & 1�cKinnon was the <br /> hi�nest a.nd 'aest bia made for tn� Froperty and asset� �f saici Internation�,l Buil�iin�, Zoan 8c In— <br /> vest,m�nt Union, dcic� t7zereupon tne s�ne was by trie saia court, in o�en court, aecepted; and tnere— <br /> uFon saia cau�e and tne matter of' said sal� wa� continu�d until Saturii�y', the 34th day o�' Decembe�, <br /> 1�9y, at ttle h�ur of 10 O' C1flCk A.I�. for the purpcxse oP entering th� final order of sa.le. <br /> Tne court f'urtner find� �i�at the :�ale of said property anci aasets to said Cobe �c McKinnon will <br /> ciispose o� eacn a,na a�12 trie a,ssets cf said Union, ana tnat no further sums ean be realized for the <br />