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Assignees, Receivers, and Trustees 1930
“ Receiver 1930 North Carolina, Be -In Superior Court. Iredell County. : James Talcott, Inc. vs. : AMENDED ORDER Carolina Parlor Furniture Co.: This cause coming on to be heard and it appearing to the Court that the parties, recéiving allowances in the order herétofore entered on August 16th,1950, have consented to a modification of said allowances; And it further appearing that Lyons & Evans, as Attorneys for the petitioning CReGA Sere nave consented that the allowance to them of $150.00 be stricken out, and that the Hood Industrial Bank, as Surety on the bond of the Receiver, has consented to accept $67 .50; And it further appearing that L.S. Gilliam, Operating Receiver of the Carolina Parlor Furniture Company, Bankrupt, has paid to Walser & Casey, Attorneys for J.V.Wilson, Receiver, the sum of $150.00, and to the Hood Industrial Bank $67.50 in full for the allowance to it and to J.V.Wilson, Receiver in this action, the sum of $150.00 in full for his services in this action and has paid the cost of the action in the oun of $8.25; | And it further appearing that J.V. Wilson, Receiver in this action has turned over to L.S.Gillianm, Operating Receiver in the United States District Court, all of the assets in his hands; Ib is now ordered and adjudged that this action be and is hereby dismissed and that J.V.Wilson, Receiver, herein and the surety on his bond be and they are hereby discharged. ‘ This fj day of ee, sas. Receiver 1930 <<, NORTH CAROLINA IN THE SUPERIOR COURT | IREDELL COUNTY. ' 4 D.C. Ritchie, et als, Plaintiffs, PETITION OF SCOTT & WILLIAMS ORPO TZ~ COVERS C AL A oo / TRACT. ‘Ritca Hosiery Mills, Inc., Defendant. Pe ee 4 ‘ig THE HONORABLE SUPERIOR COURT FOR IREDELL COUNTY, NORTH CAROLINA: { The petition of Scott & Williams, Incorporated, respect~ | fully shows and alleges: i. That the petitioner is a corporation organized and jexisting under the laws of the Commonwealth of Massachusetts. 26 That at and prior to the appointment of the Receiv- ers for the defendant in this action the defendant was, and still j18, indebted to the petitioner in the principal sum of $13,425.00, ‘hes interest thereon from May 10th, 1929, at six per cent, per jennum, in accordance with the terms of that certain lease agreeneny jor conditional sale contract between the parties recorded in the loffice of the Register of Deeds for Iredell County in Book 108 at jpage 319, as amended by supplemental agreement between the said |parties recorded in the office of the Register of Deeds for said | county in Book 108 at page 527, the payment of which indebtedness | to the petitioner is secured under the terms of said agreement and supplemental agreement by the retention of title by the petitioner,| |pending the payment im full of said indebtedness, of Twenty (20) iModel HH Spiral Floating 25 Step 3#" 240 needle machines equipped I with yarn changing, numbered 220493, 220494, 220495, 220496, '220497, 220499, 220502, 220504, 220505, 220506, 220507, 220509, | 220810, 220511, 220512, 220515, 220515, 220518, 220521, 220522, } respectively, which machines are located in the mill building of | the defendant at Statesville. 4 ~ > Lae nee oe; Se That in addition to said indebtedness the defendant | was, at and prior to the appointment of the Receivers herein, and = rss i still is, indebted. to the petitioner on open account in the sum of $1682.48. ; 4. That on Fonroary 6th, 1950, a fire occurred in the ‘mill building of the defendant in which the machines’ described in be cas 2 of this petition ware installed, as a result of which ; Said machines were considerably damaged by water; that said damage Ht |/was covered by a policy or policies of insurance containing provi- ‘ ‘ j}sions to the effect that any loss on account of such damage should Pee payable to this petitioner, as its interest might appear; that in accordance with the terms of said policy or policies of insur- jance the damage to said machines has. been duly appraised at $3500.00, jwhich said amount is payable to the petitioner in accordance with | the terms of said policy or policies; that after the petitioner pamaks have received said payment and credited same upon the indebt- ,edness described in paragraph 2 of this petitton=there -will re- in. a balance of said indebtedness due to the petitioner by the ima _ hi eceivers,for the defendant, in the sum of $9,925.00, with interest is the sum of $13,425.00 from May 10th, 1929, at six per cent, per annum. | 5. That the petitioner has made to the Receivers,for I the defendant, an offer to cancel the balance of its indebtedness jaesorived in paragraph 2 of this petition, remaining after the pe- titioner shall have received the proceeds of the insurance policies described in paragraph 4, and likewise to cancel the indebtedness deseribed in paragraph 3, in consideration of the immediate release and delivery by the Receivers to the defendant of the machines des- cribed in paragraph 2, and the execution by the Receivers in favor of the petitioner of such assignment or assignments, of the amount due under said insurance policy,or policies, on account of the damage to said machines,as may be necessary, if any shall be neces~ of il sary, to enable the petitioner to secure from said insurance com= panies the payment of the amount due on account of said damage; that said offer is conditioned upon its prompt acceptance and ap- proval by the court and upon the surrender and delivery of said machines by the Receivers to the petitioner immediately thereafter; jand that the Receivers have accepted said offer, subject to the ap- / proval thereof by this court. 6. That in the opinion of the petitioner the considera-~ tion offered by it to the Receivers for the release and surrender of said machines to it is more than said machines would probably bring if the same were offered for sale by the Receivers or offer- ed for sale by the petitioner under its conditional sale contract hereinbefore referred to, and that it will be for the best interests et the creditors of said defendant for said offer to be accepted, { WHEREFORE, the petitioner prays the court for an order jeuthorizing and directing the Receivers to release and deliver im- | ediately to the petitioner the machines described in paragraph 2 f this petition and to execute such assignment or assignments of he amount due under said policy or policies of insurance as may be ecessary, if any be necessary, to enable the petitioner to secure he payment of the amount due on account of damage to said machines, n consideration of the release by the petitioner to the Receivers pf the indebtedness described in paragraphs 2 and 3 of this petition. Attorneys for’ the Petitioner. NORTH CAROLINA | IN THE SUPERIOR COURT IREDELL COUNTY, | v D.C. Ritchie, et als, Plaintiffs, | -vs- Ritca Hosiery Mills, Inc., _ Defendant. | @eeeeeateoaeeaqgqeeseeeeeeeoeaeeteeee THIS CAUSE scoming.on to be heard before his Honor John M. Oglesby, Resident Judge of the 15th Judicial District, at Chambers, upon the petition of Scott & Williams, Incorporated, for-an order authorizing the Receivers to deliver to the petition=- ler certain machinery covered by 4 conditional sale contract, and being heard, and it appearing to the ert, and the court finding ~ a fact, that all of the allegations set forth in said petition are true, and the court being of the opinion, and so holding, that it will be for the best interests of the creditors of Ritca Hosiery Mills, Incorporated, that the proposition of the petitioner as set forth in said petition a accepted; NOW, THEREFORE, upon motion of Cansler & Cansler, attor- neys for the petitioner, and by and with the consent of Scott & Collier, attorneys for the Receivers, it is ordered and decreed that the Receivers be, and they hereby are, authorized and direct- ed to release and deliver immediately to said Scott & Williams, Incorporated, the machinery described in said petition, consisting of Twenty (20) Model HH Spiral Floating 25 Step 34" 240 needle machines equipped with yarn changing, being numbered as specifical- ly set forth in the petition, in consideration of the release by said Scott & Williams, Incorporated of the Receivers of and from all of the indebtedness due by the Receivers to Scott & Williams, Incorporated, as set forth in said petition; and that the Receivers \ be, ahd they hereby are, further authorized.and directed to executda land deliver to said Scott & Williams, Incorporated, such assignment or assignments of the amounts due under the insurance policies des- joribed in the petition on account of the damage to said machines |therein referred to, as may be necessary in order to enable said / Scott & Williams, Ineorporated, to secure the payment thereof from | the company or companies issuing said policy or policies of insur- | . ee This cause is retained for further orders. This ‘/ day of July, 1930. IBY CONSENT: Cat for Ce rf vers Or petitioner. North Carolina In the Superior Court, Iredell County July Tem, 1950. D. C. Ritchie and Others vs Ritea Hosiery Mills, Inc. To the Superior Court of Iredell County: The petition of Fred Guerrant and D. Van Horn, Receivers of the Ritea Hosiery Mills, respectfully shows to the Court: let. That they are the duly appointed, qualified and acting Receivers of the Ritca Hosiery Mills, of Statesville, N. C. 2nd. That among the equipment of the defendant corporation, located in its plant at the time the Receivers were appointed, is the following personal property: (a). S Double size, all metal tables and 1 12-Form all metal table and & Style P2 Hose Forms, which equipment the petitioners ere informed and believe was furnished by the Paramount Textile Machinery Co. of Chieago, Ill. Sra. That the Paremount Textile Machinery Co. claims to be the legal owner of said equipment by virtue of a written rental agreement, dated the let jms day of April, 1929, a true copy of which is hereto attached as evidence of the contents thereof. 4th. That the Paramount Textile Machinery Corp. has made demand upon the Receivers for the surréndsr and delivery to it of the property claimed to be owned by it under the aforementioned agreement. Sth. That the petit ionmefs are informed and believe that the creditor is entitled te the release and surrenier of said property under its contract, although the seme is not’ recorded. WHEREFORE, the petitioners pray that the Court will make an order, authorizing the Receivers to surrender and deliver to the Paramount Textile Machinery Corp. the said personal property in full satisfaction of its elain. Respectfully submitted, QORDES Upon the foregoing petition, the Court being of the opinion that the creditor is entitled to the surrender and delivery of the property therein mentioned, Ordered that the Receivers @f the Ritca Hosiery Mills be, ami they are hereby authorized to surrender end deliver said property to the ereditor in full settlement of all ite claims and demands. OK... 2-2 A in - Rental Agrevment: No... a This Rental Agreement, mace a . Statesville, Me. Ge... ee this day of 19 29, by and between PARAMOUNT TEXTILE MACHINERY CO., a corporation of Illinois, hereinafter referred to as the “LESSOR,” Ritea Hosiery Mills - Statesville, NW. © and hereinafter referred to as the “LESSEE:” Witnesseth That: ONE: The Lessor—in consideration of and subject to the agreements and conditions hereinafter set forth and all of which the Lessee covenants and agrees strictly to keep and faithfully to perform— hereby for the term of Five (5) years LEASES to the Lessee certain tables equipped with drying appa- ratus comprising the Lessor’s patented “Paramount” internally-heated metal forms for drying and hosiery, hereinafter designated and referred to as “Paramount Equipment,” and which is to be suppli and furnished only by the Lessor, as hereinafter set forth; and, under United States Letters-Patent, No. 1,037,224, dated Sept. 3, 1912; United States Letters-Patent, No. 1,075,346, dated Oct. 14, 1913; United States Letters-Patent, No. 1,114,966, dated Oct. 27, 1914; United States Letters-Patent, No. 1,166,947, dated Jan. 4, 1916; United States Letters-Patent, No. 1,204,945, dated Nov. 14, 1916; United States Letters-Patent, No. 1,207,494, dated Dec. 5, 1916; United States Letters-Patent, No. 1,207,496, dated Dec. 5, 1916; United States Letters-Patent, No. 1,218,520, dated Mar. 6, 1917; United States Letters-Patent, No. 1,235,534, dated July 31, 1917; United States Letters-Patent, No. 1,253,994, dated Jan. 15, 1918; United States Letters-Patent, No. 1,254,626, dated Jan. 22, 1918; United States Letters-Patent, No. 1,268,066, dated May 28, 1918. (all exclusively owned by the Lessor) the term, the right, LICENSE and privilege to use vided) said “Paramount Equipment,” and to nection therewith; and this shall exten hereafter be furnished by the only in the factory now occupied by ...1%.... , in the State of and in such other breaches owned by the Lesses 20 say not be objectionable to the Lessor, and such “Paramount Equipment” shall not be transferred or delivered to, or be subject to the control of, another. THREE: Neither the lease nor the license hereby granted shall or can be transferred or assigned the Lessee by own act or by operation of law. The Lessee shall not sublease nor sub- hereunder without the consent in writing of the Lessor. If the Lessee becomes involved or bank- it. , or makes or executes any bill of sale, deed of Equipment,” including al! parts thereof, shall thereupon revert to the Lessor, free from all claims or demands whatsoever. The Lessor may then, at its option, enter the premises of the Lessee, for the pur- se of this agreement, and at the cost of the Lessee remove said “Paramount Equipment,” the Lessee ereby waiving any claim for damages resulting to the Lessee in the exercise by the Lessor of this agreed right. This agreement shall at all times be evidence of the Lessor’s absolute ownership, against every one, of the “Paramount Equipment” hereby leased. The title (both legal and equitable) to said “Para- mount Equipment,” shall at all times remain in the Lessor and said “Paramount Equipment” shall be the sole and exclusive property of the Lessor, and neither the Lessee nor anyone claiming under . Ovo shall hereunder or otherwise have any right of property therein, and ... At shall have only the right to use the same upon the conditions herein recited. FOUR: ‘The Lessor and its agents and employees shall at all times have access to the said “Para- mount Equipment,” installed in the Lessee’s factory, for the purpose of inspecting it, watching its use and operation, altering, repairing, improving, or adding to it, or determining the nature or ‘extent of its use; dnd the Lessee shall accord all reasonable facilities therefor. oo vet ‘FIVE: Upon the signing of this agreement, the Lessee shall pay to the Lessor the sum of One Hundred and Twenty-five Dollars ($125.00) as an initial installation fee for the “Paramount Equipment” covered by this agreement. SIX: The Lessee shall be responsible to the Lessor for any and all loss or damage by fire, misuse, or otherwise, of the said “Paramount Equipment,” or of any part thereof, in the sum of Eighteen Dollars ($18.00) for each “Paramount” form installed, also Fifty Dollars ($50.00) for each wooden table, and One Hundred Ten Dollars ($110.00) for each double all-metal table, and Seventy Dollars ($70.00) for each half all-metal table forming a part of this “Paramount Equipment,” in case of total loss or damage thereof, and a proportionate part of that amount when the loss or damage is less than the total. SEVEN: The Lessee shall not make, nor allow to be made, any addition to, subtraction from, or alteration in, the said “Paramount Equipment,” or interfere with the proper operation of the same; nor infringe any of the Lessor’s patents. The Lessee shall not permit anyone to injure, or deface, or remove any plates, dates, numbers or other inscriptions now or hereafter impressed on or affixed to said “Paramount Equipment” by or for the Lessor. EIGHT: The Lessee shall pay all taxes and assessments which shall be levied or assessed, and be er whomsoever assessed, and by whatsoever authority levied or assessed, in respect to, or on account the aforementioned “Paramount Equipment” held hereunder by the Lessee. ‘ NINE: Each unit of the “Paramount Equipment”—comprising a table and the “Paramount” forms connected therewith—or any fractional part thereof, shall be delivered by the Lessor to the Lessee F. O. B. at the Lessor’s place of manufacture, and the Lessee shall pay the transportation charges thereon and the cost of installation thereof at ...1t6 place of business. Delivery of the property hereby leased is made in Illinois and all payments under this contract shall be made at the office of the Lesson in Chi- cago, Illinois; and it is further agreed by and between the parties hereto that this contract shall be con- strued as an Illinois contract, according to the laws of the State of Illinois. TEN: The Lessee agrees not to carry over twenty (20) pounds steam-pressure in the “Paramount” forms covered by this agreement, and shall at all times have and maintain in good working condition a standard pressure-reducing valve, a steam-gauge, and a safety-valve on the line of piping leading to the “Paramount Equipment” from the steam supply, these to be furnished by the Lessee and at the Lessee’s expense. , Twenty-Five cents (25¢) ELEVEN: Tye Lessee agrees to pay during the entire term specified in Paragraph Thirteen herein a rental-charge of Sit ¢30e) per month for each “Paramount Form,” and shall, before the roth day of each calendar month, pay to the Lessor the sum which had accrued as rental-charges on all “Para- mount Forms” in the possession of the Lessee during the next preceding month. Rentals, on all Para- mount Forms which are shipped subsequent to the initial installation, shall commence at date of ship- ment and be payable at the regular rate and time as herein set forth. The Lessee, by the payment of such rental-charge, acquires only the hereinbefore lease for, and license to use, the “Paramount Equip- ment” and “Method,” and this subject to the terms and conditions of this agreement. TWELVE: The Lessee further covenants and agrees that, in the event that ... Panes desire to use the “Paramount” Standard form, will promptly hereafter furnish to the Les- sor a specimen board or form exactly illustrating the effective shaping contour of the form which is required in factory; and, then, after acceptance by the Lessee of the type of form furnished by the Lessor, that shall become the approved type of form to be supplied by the Lessor to the Lessee; but, in the event that the Lessee thereafter desires a different shape or style of form, it shall be furnished by the Lessor at a cost to the Lessee to be hereafter agreed upon by the Lessor and Lessee. THIRTEEN: This agreement shall take effect as of the date first hereinbefore written and shall (unless terminated in the manner hereinafter specified) continue for the term of Five (5) years from the date hereof. On the expiration or termination of this lease for any cause, the Lessee agrees to return the property, transportation charges prepaid, to the lessor at its factory at Kankakee, Iilinots, in good condition, ordinary wear aid tear excepted. FOURTEEN: If the Lessee shall at any time for thirty (30) days or more fail to pay the amount of accrued rental-charges hereinbefore provided, or if any breach or default shall be made by the Lessee in the observance of any of the other conditions and agreements hereinbefore set forth, the Lessor shall have the right by a ten-day notice in writing to the Lessee to terminate this agreement; but any such ter- mination thereof shall not release the Lessee from obligation to pay the accrued rental-charges here- inbefore provided, and shall be without prejudice to any other rights or remedies which the Lessor may have for any violation of this agreement. FIFTEEN: In the event that this agreement is terminated in the manner specified, or otherwise, the Lessee shall immediately cease all use of said “Paramount Equipment” and of the various parts thereof and of the “Paramount Method” employed in connection therewith, the failure to do which shall consti- tute the Lessee an admitted infringer of the patents aforementioned and of any other under which the Lessor may grant rights to the Lessee; and, immediately upon giving notice to the Lessee (as provided for im Paragraph Fourteen) and the resultant termination of this agreement, the Lessor shall have the _ Fight upon the property of the Lessee and at the cost of the Lessee remove its aforesaid “Para- mount ipment,” in its entirety, without having to resort to any legal proceedings or measures to procure possession and removal thereof; the Lessee now and hereby waiving any claim for damage done in the exercise by the Lessor of this agreed right. In the event that the Lessor for cause exercises this right of entry and removal, the Lessee shall none the less be liable therefor to the Lessor, and to the end of the term of this agreement, for the amount to which the Lessor would otherwise have been entitled for the use by the Lessee of said “Paramount Equipment” under the rate-provision of Paragraph Eleven hereof; and, to this end, the Lessee hereby agrees that, when the Lessor shall have removed said “Paramount Equipment” from the premises of the Lessee, ....1.%..... will confess judgment for “the amount which would thereafter accrue to the Lessor under said rate-provision, and waive all matters of service of process, filing of suit, and entry of judgment for the amount then to accrue, the same to be regarded as liquidated damages; it being covenanted by the Lessee that then and in that event, all that is herein agreed to be done by the Lessee shall be regarded as actually done in respect to said agreement to confess judgment and make the specified waiver. SIXTEEN: It is covenanted and agreed that in any suit or suits which the Lessor may institute against the Lessee, said Lessee shall be estopped from impugning, questioning, disputing, contesting, or attacking the Lessor’s title to, and the validity or scope of, said patents, or o any of them, and the title to, and validity and scope of, which the Lessee hereby recognizes and admits. ots SEVENTEEN: Within one (1) year from the date of this agreement, the Lessee—by giving to the Lessor written notice of .4.%8... desire to PURCHASE from the Lessor the “Paramount Equip- ment” hereunder leased and rented to the Lessee—may then have the privilege of making such purchase, the same to be om the basis of the Lessor’s prevailing schedule of prices then effective for like “Paramount Equipment”; provided that the Lessee shall first liquidate the then current month’s rental-charges and - any other chargesdee- thereon and, also, pay to the Lessor the full amount of the purchase price for which the Lessor then charges for said like “Paramount Equipment.” The Lessee also agrees to simul- taneously execute the then prevailing Lessor’s written Selling Agreement. EIGHTEEN: The designation “Lessor” shall include the Paramount Textile Machinery Co., and its successors and assigns. All the conditions and agreements herein binding on the Lessee shall be similarly binding on and enforceable against ....ite legal representatives. 3u Wituess Wherrof, the Parties hereto have hereunto duly executed this instrument in duplicate, the day and year first above written. PARAMOUNT TEXTILE MACHINERY CO., By Vice-Pre Witnesses: ... (Signed). Marie .Thompaon.......... L Pres. (Signed) F. Dittman THIS I8 TO CERTIEY that the above is an exact c of the original Rental Agreement #FV-198, which is in the’P TEXTILE MACHINERY COMPANY FILES. At tw a ty ft BETWEEN PARAMOUNT TEXTILE MACHINERY 60., Lesser Bitoa. Hosiery. Mills... \ Lessee aia Mpta) 29th. .30BO cd North Carolina }) Iredell County In the Superior Court, July Term, 1950. D. Ce. Ritchie and Others, vs Ritca Hosiery Mills, Inc. To The July Tem of Iredell County Superior Court: The undersigned Receivers of the Ritca Hosiery Mills, respectfully show to the Court: lst. That they were duly appointed as permanent Receivers of the Ritca Hosiery Mille on the 3, day of er 1950, and are now acting as such. 2nd. That pursuant to the erders of the Court, they have sold the following assets ani equipment of the defendant: (a). Statesville Veneer & Panel Co., Dye equipment and office chairs typewriter and desk $1454.25 Miller-White Hosiery Mill, mochinery 100.00 Fidelity Hosiery Mills, machinery & equipment 3525.00 Total collections from sales $5079.25 Sra. Theat they have paid the following secured claims: General Laundry Machinery Corporation $559 .67 which was secured by a valid recorded mortgage on certain machinery that was sold 4th. That under an agreement with Snith & Drum Co., a ereditor claiming a secured purchase money contraet on the dye extractor, the Receivers sold the same for $950.00, which ia included in the bid of Statesville Veneer and Panel Company, and deposited the proceeds to the amount of $950.00 upon a Certificate of Deposit to be held in tact subject to the Court's establishing whether the said creditor has a preferred claim under its contract which is not recorded. - 5th. That the Receivers and their attorneys have devoted consider- able time to the affairs of the defendant corporation in an effort to dispose of its assets and that they have held one public sale and in addition, have hd@ertised fer private bids twice and upon failure to secure « satisfactory bid at any of these sales, have negotiated privately for bids which were reported to ani approved by the Court, the Receivers and their attorneys making several trips outside of Iredell County to appear before the Court; that neither the Receivers nor their attorneys have had any allowance made or any compensation and they ask the Court to make an allowance for the Receivers end also for their attorneys, Messrs. Seott and Collier. All of which is respectfully sutmitted to the Court. ORDER The foregoing report of Fred Guerrant and D. Van Horn, Receivers of the Ritca Hosiery Mills, is ordered filed and recorded. It is further ordered by the Court that the Receivers, Fred Guerrant | and D. Van Horn, be allowed the sum of $100.00 each and that their attorneys, Messrs. scott & Collier, be allowed the sum of $100.00 for services rendered to the Receivers in this matter. Judge Presiding State of North Carolina, In the Superior Iredell County. D.C.Ritchie, Individually, and D.C.Ritchie and T.G.Casey, as Stockholders and Créditors of the Defendant Company, ~on Dehalf of..themseives and all other stockholders and Creditors who may come in and make themselves parties plaintiff in this action, -ver sus~ Ritca Hosiery Mills, INC. This Cause coming on to be heard before his Honor, Ki. Clore Judge of the Superior Court, and it being heard. by consent, and it appearing to the Court, and the Court finding as a fact that on the 30th day of April, 1929, the Ritca Hoséery Mille purchased from Crawford and Slaten, INC., certain Sprinkler Equipment to be installed in the Plant of the Ritca Hosiery Mills on Hill and Corner Street in the city of Statesville, Iredell County, North Corolina; that the purchase price of said Sprinkler system was $2000.00; that to secure the said purchase price on said sprinkler system, said Ritca Hosiery Mills, defendant, executed to Crawford and Slaten a conditional sales agreement whereby the title to said Sprinkler equipment was to remain in Crawford and Slaten until all amounts due on said system was paid, and that said agreement was duly recorded on June 22nd 1929, Iredell County Registry,-Book 108, page 565; that on May 30th, 1930, Pred M. Guerrant ‘and D Van Horn were appointed permanent Receivers for the Ritcx Hosiery MIT1s; that ‘only $200.00 of the $2000.00, which the a Ne Pm 7. Rived Hosiery Mills was fo ‘pay Crawford and Slaten has been paid, and thet -, _« there is now a balance of $1800.00 due on said sprinkler qquipment. That the said Receivers have investigated said sprinkler systen, and have found that the equity to the Ritca Hosiery Mills in said system is not large enough for the said “eceivers to take over the payments due on said system, and it has, ther«fore, been agreed by the attorneys for the Receivers and the attorneys for Crawford and Slaten, that said Keceivers will turn over to Crawford and Slaten said sprinkler system in satisfaction of the lien which the said Crawford and Slaten holds against said Sprinkler system which is installed in the said Ritca Hosiery Mills plant at Statesville, North Carolina; that the said agreement between Ritca Hoseiry Mills and Crawford and Slaten hereto- fore referred to constitutes a first and prior lien on said sprtnkler equipment, and that said sprinler equipment’ is personal property. It is, therefore, by consent, ordered, considered and adjudged and decreed that Fred Guerrant and D. Van Horn, Receivers of the Ritca Hosiery Mills,.or their assignees, are nereby empowered and directed at their expense to remove and commanded to allow: Crawford and Slaten/the Sprinkler equipment installed by said Crawford and Slaten, same being described in the Sprinkler System contract, recorded in Book 108, page 3565, Iredell County Registry, to Crawford and Slaten, or its Assignees, inftull satisfaction of the $1800.00 which is due the said Crawford and Slaten on said sprinkler system. It is further ordered, considered, decreed and adjudged that Crawford and Slaten is entitled to the immediate possession of the sprinkler system, which the said Crawford and Slaten installed in the Ritca Hosiery Mills plant on Hill and Corner Streets in the town of Statesville, Ired 11 County, North Carolina, and which is more fully described in the wrpinkler equipment contract executed by the Ritca Hosiery Mills to Crawford and Slaten Company, recorded in Iredell County Registry, Book 108, page 365, and it is further ordered that Fred Guerrant and D. Van Horn, duly appointed Receivers for the Ritca Hosiery Mills by the Superior Court, or their assignees be and the same Page Se 1 are hereby empowered and directcd and commanded to coarser xox Crawford at their expense to remove and Slaten, or its assignees,/the Sprinkler system heretofore referred to uppn gemand” by the said Crawford and Slaten Company, or its assignees . Pa This the /4 day of August 1950. By Consent: Seed v Cartier! Attorneys for Receivers. ae for Crawford and Slaten. North Carolina | Iredell County } In the Superior Court. D. C. Ritchie and T. G. Casey, Individually, and as stockholders of the Ritca Hosiery Mills, on behalf of themselves and all other creditors and stockholders vho may come in and make themselves plaintiffs in this action, REPORT OF RECEIVERS ve Ritea Hosiery Mills, Incorporated. To the Superior Court of Iredell County: Fred Guerrant and D. Van Horn, Receivers of the Ritca Hosiery Mills, herewith report to the Court as follows: They have sold all of the assets of the corporation, under the orders of the Court, and as a result thereof, they have received the following monies from the sale of the assets of the corporation: 1950 July 23rd, Balance Ritca Hosiery Mills acct. in First Nat'l Bank, Transferred to Receivers' account $79.25 July 23rd, Miller-White Hosiery Mill, price of machinery sold as per omer of court 100.00 July 23rd, Statesville Vencer & Panel Co., sale of machinery as per order of the Court 1,454.25 July 25th, Fidelity Hosiery Mill, sale of machinery ef per omer of court at public auction 3,525.00 Aug. 14th, D- G Ritchie, sale of check protector 5.00 Oct. 4th, McPar Hosiery Mill, sale of second-hand loopers, as per order of the court 100.00 Oct. 4th, International Time Recording ©6., sale of time clock , 25,00 al arene ’ Total Receipts $5, 266,50 fhe Receivers report that they have paid the following expenses and secured and preferred claims, viz: 19% Fane 10th, Marie Thompson, stenographer, work for Recrs. $5.60 July 2rd, General Leundry Machinery Corp., payment of secured purchase money mortgage on mchy. sold out of proceeds of sale 339.67 July 23rd, Miss Ruth Ledbetter, stenographic work for Receivers in getting out notices 4.25 July 3lst, Miss Marie Thompson, acct. for wages as stenographer due by Ritca Hosiery Mill for services rendered within 60 days of Receivership July 23rd, July 31st, July 31st, July Sist, Aug. 14th, Sept. 16%, Sept. 25rd, sept. 30th, Oct. 2nd, Oct. 9th, Oct. 9th, Oct. 9th, Oct. 9th, Oct .9th, w. C. Perry, auctioneer, sale for Recrs. Greensboro Daily News, publishing advertisement of sale for Receivers Charlotte Observer, publishing advertisement of sale for Recei vers Cash for expenses of Feceivers and attorney, trip to Asheboro to see Judge Clement on business for Receiver ship Cash fer postage end envelopes for Receivers Sellers Hosiery Mill, Burlington, N. C. Purchase money lien on mchy. secured by registered mortgage Western Union Telegraph Co. Message far Receiver Snith-Drum Company, compromise of its claim for bal. due on purchase. price of mchy. sold, as reported to and approved by the Court D. Van Horn, preferred claim for salary as supt., services rendered within 60 days of receivership Webb Ineurance Agensy, ins. for Recrs. John L. Milholland, C. S& C. Court costs of Receiver ship proceeding Webb Ins. Agency, premium on Rec. Bond Statesville Daily, leg@l advertising for Receivers 16.20 A.J Maxwell, Comr. of Rev., Franchise Tax 42.358 Total secured and preferred yvlee 217.50 4.80 15.00 25.00 The Receivers further report that the following allowances for Attorney's fees and compensation for the Receivers, have been allowed and paid out: Oct. 9th, Allowance for the Receivers, as per order of the Court, 54 cammissions on receipts of $5288.50 $264.42 Allowance for Receivers, as per order of the Court, 5% camissions on disbursements of approx. $4487.88 224.39 Scott & Collier, attorneys, services to Receivers, as per Court order 300.00 $768 .61 Total allowances & Attorneys’ fee Total of securred & preferred claims, allowances and costs $2,361.11 Balance in the hands of the Receivers for distribution among the unsecured claims $e , 927.39 The Receivers further report that the following unsecured claims aggregating $56,679.07 have been filed and allowed by the Receivers for participation in the estate and that the funds on hand are sufficient to pay a dividend of 7B per centum upon the unsecured claims, as hereinafter listed . and recommend to the Court that the Court will order the Receivers to pay & final ami only dividend of said 1%, per cent in final settlement of this estate, viz: MAME OF CREDITOR C. H. Turner Mfg. Co. Tubize Chatillon Corp. American Enka Corp. Dixie Mercerizing Co. Pomona Mills, Inc. Waddill Printing & Litégrephing Campa ly Industrial Rayon Corp. The Torrington Co. Brady Printing Co. Needle Company of Penn. So. Bell Telephone Co. The Todd Company Paramount Textile Machinery Co. American Appraisal Company Charlotte Supply Co. General Dyestuff Corporation Payson Yarn Co. Inc. Arkansas Company, Inc. J. C. Holmes Lumber Co. Cascade Mills, Inc. Webb Insurance Agency WwW. E Munday Valdese Mfg. Co. Statesville Oil Co. Statesville Hdwe. Co. Charles H. Stone Lola Mfg. Co. laurel Soap Mfg. Co. Fox Soap Company Excelsior Mills Kester Machinery Co. Green River Mfg. Co. Hickory Paper Hox Go. John A. Everly American Yarn & Processing Co. poé/More Chair Company Holland Brothers Gerolina Yarn & Supply Co.Inc. Sherrill Lumber Co. Statesville Printing Co. Mill Power Supply Co. Celanese Corp. of America Statesville Veneer, & Panel Co. Pickett Cotton Mills Thomason & Richburg | J. B. Rodgers & Co. Gibbs Machine Co. Cheraw Cotton Mills, Inc. | Chas. W. Young & Co. Consolidated Pencil Corp. Southern Textile Machinery Co. ADDRESS AMT. FILED Statesville, N.C. $28.81 Weil, Coursen & Manges, 285 Madison Ave., N.Y.City 2581.78 Enka, N. C. 253.60 National Surety Co. 105 W. Adams St., Chicago 9887.22 Hobgood & Vinson, Attys. Greensboro, N. C. 1441.00 E. M. Land, attorney 74.10 E. M, Land, attorney 1026.02 Adems & Dearman, Attys. 73.56 Statesville, N. C. 45.19 219 N. Broad St., Phil, Pa. 879.95 Statesville, N. C. 7.68 E. M. Land, attorney 61.93 337 W. Madison St. , Chicago 187 .37 Adems & Dearman, attorneys 200.00 National Surety Co., 1408 Johnston Bldg.Charlotte 75.97 230 Fifth Ave., N.Y.City 51.00 Nat'l Asso. of Hosiery — Underwear Mfgrs. 334, 4th Avenue, N. Y. City 546.68 Arthur A. Beaudry, Atty., 220 Proadwiy, N.Y.City 26.64 Statesville, N, C. 83.05 Mooresville, N. C. 702.56 Statesville 1400.00 Statesville 18.60 Valdese, N. C. 1954.46 Statesville, N. C. 76.52 Statesville, N. C. 117.85 Charlotte, N. C. 20.10 Raymer & Raymer, attys. 775.80 Tioga, Thompson & Almond Sts., Philadelphia 18.90 $13 & 315 south Philip St., Philadelphia, Pa. 87.96 Union, Ss. Ce 110.21 Winston-Salem, N. C. 574,54 Tuxedo, N. C. 161.00 Hickory, N. C. 1747.66 Reading, Pa. 85.90 Mt. Holly, N. C. 2659.88 Elkhart, Ind. 65.10 Statesville, N.C. 233.72 Burlington, N. C. 80.00 Statesville, N. C. 24.79 Statesville, N. C. 14.25 Duke Power Co., legal Dept. Charlotte, N. C. 132.93 180 Madison Ave. N.Y.City 2056.42 Statesville, N. C. 7.35 E. M. Land, attorney 1445.83 Charlotte, N. C. 20.79 Statesville, N. C. 253.00 Greensboro, N. C. 47.63 Cheraw, S. C. 109.38 1247 N. 26th St.,Phil.Pa. 27.00 170 Fifth ave. N.Y.City 2.96 Paducah, Ky. 131.54 984, DIVIDEND $2.25 184,59 19.65 68.76 135.68 5.74 79 .52 5.70 68.20 -60 4 BO 14,52 15.50 5.73 3.95 42.57 2.07 6.44 54.45 108.50 1.44 151.47 5.95 9.13 1.56 60.12 1.46 6.82 8.54 44,55 12.48 135.44 6.66 206.14 5.05 18.11 6.20 1.92 1.00 10.30 157.82 -57 112.05 1.61 19.61 2.50 8.48 2,09 83 10.19 Western Union The Peck Mfg. Co. Clay Printing Company National Aniline & Chemical Co. City of Statesville Standard Oil Co. of N. J. The mmerican Art Works Atlante Paper Co. 01d Dominion Box Co. Consolidated Insurance Co. Thies Dyeing & Processing Co. Standard Cossa Thatcher Co. Chas. Cooper Co» Yarns Corp. of america Aberfoyle Mfg. Co. Mauney Steel Co. Statesville Brick Co. Thomas H. Steele Setz-Right Hosiery Mills Quaker City Chemical Co. Laconia Needle Co. John A. Scott, Attorney Walter R. Ziegler scholler Brothers Du Pont Rayon Corp. B. F. Houghton & ©. Acme Refining Co. Southern Stamp & Stationery Co. Statesville Shoe Mfg. Co- Sellers Hosiery Mill S. F. Holcamb Wn. H. Lorimer & Sons Grenite State Needle Co. Jno. M. Given & Co. Mille Electric Co. Statesville, N. Cc. Julius Banzet, Atty., Warrenton, N. C. Hickory, N. C. 40 Rector St. N.Y.City Statesville, N. C. Charlotte Branch Coshocton, Ohio Atlanta, Ga. Lynchburg, Va- Hickory, N. C. Belmont, N. C. Grier, Grier & Joyner n n n " " " " " n " Statesville, N. C. Statesville, N. C. Thomas A. Pruitt, Atty. Hickory, N. C. N. Broad St., Philadelphia Owen & Veazey, Attys., Masonic Temple, Laconia, N. H. Statesville, N. C. High Point, N. C. Adams and Dearman, Attys. E. M. Land, Attorney Third, american & Somerset Sts. Philadelphia, Pa. Cleveland, Ohio. Richmond, Va- Statesville, N. C. Burlington, N. C. Statesville, N. C. Ontario & Lawrence Sts., Philadelphia, Pa. Laconia, N. H. 93 Worth St., N. Y. City Statesville, N. C. $17.11 246.62 431 .18 175.53 47.88 4.35 107.09 17.06 172.01 25.00 923.14 1472.61 281.81 529.95 723.77 640 .84 31.80 25.00 600.00 39.53 126.00 50.00 40.60 105.45 4695.76 106.84 17.50 7.60 33.90 30.00 2.24 30.07 36.03 393.54 55.19 $1.33 19.01 35,42 13.60 3.71 54 8.50 1.32 13.33 1.94 71.54 114.13 21.84 41.07 56.09 49.67 2.46 1.94 46.50 5.06 9.77 3 68 515 8.17 363.92 8.28 1.36 259 2.63 2.33 oA 2.53 2.79 30.50 4.28 International Time Recording Co. Commercial Service Company D. Van Horn, 270 Broadway, N. Y. City 151.75 11.76 Asheville, N.C. 6.00 “47 Statesville, N.C. 820,00 63.55 In connection with the fire loss ani adjustment, it was necessary for the appraisers to call in an umpire and one-half of his bill ws pre- sented to the Receivers as an expense and paid in the amount or The balance of the money which amounts to $12 .64 is held subject to stenographic and postage expense in connection with the issuing am distribution of the dividend and termination of the estate The Receivers further report to the Court that Crawford & Slaten held a registered title contract for the balance of the purchase price of the sprinkler system end that they intervened and the Court ordered the sprinkler system returned to them in satisfaction of their secured clain. The Receivers further report to the Court that the real estate and buildings had a first mortgage and also a builders’ lien upon them, aggregating $13,000.00, more or less, and that the Trustee in the Deed of Trust advertised and sold the land under the first mortgage and that there was no equity in the real estate for the creditors, but that the purchaser of the real estate bid in the sam, sub ject to the 1930 taxes and that the amount of the 1929 taxes assessed against the Ritoa North Carolina | Iredell County | In the Superior Court. D. C.Ritchie, Individually, and D. C. Ritchie and T. G. Casey, as Stockholders and Creditors of the Defendant Company, on behalf of themselves and all other stockholders and creditors who may came in and make themselves parties plaintiff in this action, | ORDER APPOINTING A TEMPORARY | RECEIVER vs Ritea Hosiery Mills, Incorpora ted. This cause comtng on to be heard before the undersigned, Judge of the Superior Court, holding the courts of the 15th Jadicial Distriet of North Carolina, in which Iredell County is located, am being heard upon the verified complaint and application of the plaintiffs for the appointment of a temporary Receiver for the defendent, Ritca Hosiery Mills, Inc. And it appearing to the Court from the complaint that the defendant is unable to meet the demands of its creditors and is in imminent danger of insolvency, if not in fact insolvent, and that 4 Receiver should be appointed to take charge of. the assets.of the. ..... defendant in order to preserve the same, collect the debts and secure a proper distribution of the assets among the creditors according to their respective rights; and it appearing thet the facts set forth in the complaint in this cause are sufficient to justify the granting of the relief sought in the complaint and that the defendant corporation has filed in writing 4tse consent to the appointment of a temporary Receiver and does not resist the appointing of the same; And it appearing to the Court that some of the creditors of the defendant have started mit to collect the amount of their claims and that unless a Receiver is appointed, some creditors will secure priority over the others; It is, therefoge der and ad ed that Dicsinaien ¥ mies OS be and they (he) are (is) hereby appointed as temporary Receiver(s) of all the properties, assets and effects of the Ritca Hosiery Mills, Inc. an@ upon the execution ané Tiling with the Clerk of this Court of 4 good apd sufficient bond to be approved by the Clerk, in the penal sum of $ , conditioned on the faithful performance by said Receiver(s) of the duties imposed upon them by law, said Receiver(s) is (are) hereby authorized, empowered and directed to enter upon and take immediate possession of the estate of the defendant corporation and to make and file with the Court an inventory of its assets and to preserve, collect and hold the assets of the defendant subject to such further orders ase the Court may make in this cause. It is further ordered that the defendant and any other interested parties be notified to show cause before His Hoyor, Shaw, at chambers at the court house in Statesville, N. C. at tent o'cloek @ve-—— on the 30th day of May, 1930, why the said Receiver(s) 8 d not be made permanent. It is further ordered that service of this judgment upon the defendant not less than ten days from the date of said hearing, by serving a copy of this order upon it, shall be deemed sufficient notice thereof. This cause is retained for further orders. Mu mis tay 47 ~, 1050. Judge of the ye Court > Ritca Hosiery Mills, Inc. hereby acknowledges receipt of a copy of the above order and waives service thereof by an officer. This May 19th, 19%. RITCA HOSIERY MILLS, INC. ge of. By bd La a, President SUPERIOR COURT--SUMMONS In Accordance With Chapter 66 Public Laws 1927 IREDELL COUNTY—In the Superior Court. D. C. Ritchie, Individual and Pp. C. Ritchie and T. G. Casey, ab’ stockhoiders and Creditors of the Defendant Company, on behalf of themselves and all other 2] stockholders and creditors who may come and make themselves parties plaintiff in “his action saabint SUMMONS FOR RELIEF Ritea Hosiory Mills, Incorporated = THE STATE OF NORTH CAROLINA, To rue Suerr or___.iredéll County—GREETING: You are Heresy ComMMANDED TO SUMMONS. Ritca Hosiery Mills, Incorporated the defendant. above named, ifi& a6... ~be found within your County, to be and appear at the office of the Clerk of the Superior Court, for the County of Iredell, at the Court House in Statesville, not later than THIRTY DAYS from date of service of this summons, and answer the complaint, a copy of which is hereto at- tached, (or which will be filed in the office of Clerk of Superior Court of Iredell County within the time as set out in the attached order) and let the said defendant... take notice that if._t_it.— fail to answer the said com- plaint within the time required by law, the plaintiff will apply to the Court for the relief demanded in the complaint. Herein fail not, and of this summons make due return. Given under my hand and seal of said Court, this ‘ON " Jory az0y suourumnyg + LHNOO AOMAdAS TIACAAI so q ge ‘feved *D *L peserodsocuy ‘STITW Ate TSsoH B04 Te “2 a poe ‘ATTenpyatpuy ‘etyqo3 TH’ O'd ou, ws a¢.j0 4d teser “Hast OT a pesseg rar Urey fen peareooy eofiies a4d605e pas “FUTepdios peTriiea puw STEPTONAO04s eo TTY pue seates i eT HO3Td We, and each of us, acknowledge ourselves bound unto the Defendant. herein named in this action in the sum of two hundred dollars, to be void, however, if the within named Plaintiff.shall pay the defendant... all such costs as the Defendant... may recover of the Plaintiff..in this action. Witness our hand..m_ and seal._™__—. this the cupeemiiay Of some 18 (Sav) a (SAL) (Smar.) maketh oath that he is a resident of County, North Carolina, and worth TWO HUNDRED dollars over and above all his liabilities and legal exemptions allowed by law. Sworn to and subscribed before me this._™_£.—.— day of sabia : , 19 Clerk Superior Court. North Carolina } Iredell Couty | In the Supertor Court. D. C. Ritchie, Individually, and D. C. Ritchie and T. G. Casey, as Stockholders and Creditors of the Defendant Company, on behalf of themselves and all other stockholders and creditors who my come in and make themselvés parties plaintiff in this action, CONSENT OF THE DEFENDANT vs Ritea Hosiery Mills, Incorporated. The defendant, Ritca Hosiery Mills, Incorporated, acknowledges receipt of summons and copy of the complaint in the above entitled action and does not resist the appointment of a Receiver by the Court, but joins in the prayer of the plaintiff for the appointment of a Receiver, for the reasons set forth in the complaint. This the LGth day of May, 1950. 44\' RITCA HOSIERY MILLS, INCORPORATED 4 4 By sident North Carolina | Iredell County | In the Superior Court. D. C. Ritchie, Individually, and D. C. Ritchie and T. G. Casey, as Stockholders and Creditors of the Defendant Company, on behalf of themselves and all other stockholders and creditors who may came in and make themselves parties plaintiff in this action, BOND OF TEMPORARY RECEIVER(S) vs Ritea Hosiery Mills, Incorporated. KNOW ALL MEN BY THESE PRESENTS, That we, Fred Guerrant and D. Van Horn , a8 principal(s), and United States Casualty Company as surety, are held and firmly bound unto the Ritca Hosiery Mills, Inc., the defendant in the above entitled action, in the sum of FIVE THOUSAND DOLLARS to the payment whereof well and truly to be made, we do hereby bind ourselves firmly by these presents. Signed and sealed at Statesville, May qo, 1930. The condition of this obligation is such: That Whereas, the said hes (have) been appointed temporary Receiver(s) of the defendant corporation by an order of His Honor, Thomas J. Shaw, Judge of the Superior Court holding the courts of the 15th Jedicial District in which Iredell County is located; NOW, THEREFORE, If the said Fred Guerrant and D. Van Horn temporary Receiver(s) shall well and truly carry out and perform the trusts committed to him (them), as such Receiver(s), and faithfully discharge the seme in accordance with the law, then and in that event, this bond shall be null and void; otherwise to be and remain in full force and effect. IN TESTIMONY WHERBOF, the said Fred Guerratn and D. Van Horn has (have) hereto placed his (their) hand(s) and seal(s) and the said surety has caused this bond to be executed in ite corporate name by its duly authorized Attorney-in-Fact and ite corporate geal to be attgghed hereto, all dope on May ed 7 The eaves bongab* adjudged to be in North Carolina | In the Superior Court, Iredell County | May Term, 1930. D. C. Ritchie, Individuslly, and D. C. Ritchie and T. CG. Casey, as Stockholders and Creditors of the Defendant Company, on behalf of themselves and all other stockholders and creditors who may cane in and make themselves parties plaintiff in this action, ORDER APPOINTING PERMANENT RECEI VERS vs Ritea Hosiery Mills, Incorporated. ee This cause caning on to be heard before the undersigned, Judge of the Superior Court, holding the courts of the Fifteenth Judicial District, on Friday, May 30th, at 9:50 A. M. in Statesville, when and where the same is made returnable,and being heard upon the notice to the defendant to show cause why the temporary Receivers heretofore appointed in this cause should not be made permanent ; And it appearing to the Court that due notice has been served upon the defendant to appear and show cause, if any it could, why the Receivers should not be made permanent and that a copy of the summons has been published once a week for two weeks in the Statesville Daily, notifying all stockholders, creditors and parties interested in the affairs of the defendant Company to appear before the undersigned at this time and place and show cause why the Receivers should not be made permanent; And the defendant having failed to appear, after due notice as provided by the order of the Court, but having filed its consent in writing to the appointing of permanent Receivers, and no stockholder or creditor having appeared and filed any legal objection; And it appearing to the Court that the defendant, Ritca Hosiery Mills, Inc., a corporation of the State of North Carolina, with its principal place of business at Statesville, is in imminent danger of becaning insolvent, if not in fact insolvent, and is unable to met its maturing obligations and the demands of its creditors and that several suits are already pending against the defendant to collect the accounts claimed by creditors, and that the plaintiff is Presidant of and one of the largest stockholders in said corpo- ration and is endorser upon considerable amount of ite notes payable and that the officers of the Company have made every reasonable effort to continue the business and to provide funds for operating the business and that they have been unable to do so and that the said corporation is largely indebted to various creditors and that the plaintiff, who ie the President of said Company and a large stockholder, as well as a creditor thereof, desires to have Receivers appointed in order to protect and preserve the assets of the corporation and secure an equitable distribution thereof according to law and that the corporation does not resist the appointment of Permanent Receivers; It is, therefore, upon motion of Scott & Collier, attorneys, ordered and decreed by the Court that the temporary Receivership heretofore ordered in the above cause be, and the same is hereby made permanent and Fred Guerrant and D. Van Horn be, and they are hereby appointed as permanent Receivers of the defendant corporation, with full power and authority to enter in and upon the estate of the defendant and to take immediate possession thereof; to make sales of its materials and supplies now on hand, machinery, accounts and all other property, either at public auction, after due advertisement as herein provided, or at private sale, as in their discretion may sean best for the interests of creditors and other parties concerned, provided no private sale shall be made unless a, reported to and confirmed by the Court having jurisdiction of said Receivership and said Receivers are hereby authorized to do any and all things usual and necessary to preserve and collect the assets of the defendant corporation; to disburse the assets of the defendant in payment of the expenses of said receivership and the claims of its creditors, according to their interests as may hereafter be ordered by the Court and to wind up the estate of the defendant corporation. It is further ordered by the Court that the Receivers in selling the , property and assets of the corporation, shall have the right and they are hereby authorized to sell the same free and discharged of encumbrances and in the’ event they do s0, the lien upon any encumbered property so sold shall be transferred to and preserved against the proceeds arising from the sale thereof, rather than against the property itself. The Receivers are further authorized to sell the assets of the corporation, either as a whole or in part, at one time or piece meal, and upon a sale, to reject all bids or to accept some bids and reject others, as may sean best for the protection of the creditors, and other parties interested, as prescribed in ‘he notice of sale. It is further ordered, that in the event the Receivers deem best to sell the property of the defendant at public auction, that a notice published in the Statesville Daily at least twenty days prior to the date of said sale, once a week for three successive weeks, shall be deemed sufficient notice of such sale, but the Receivers may advertise in such other manner and in such other papers as they may think best, in order to obtain bidders by publication. It is further ordered and adjudged that the Receivers shall enter into a good and out fieiens pond approved by the Clerk, payable to the defendant, in the sum of $ conditioned upon their faithful performance of their duties as Receivers, and upon the execution of said bond, they may enter upon their duties as such Receivers. And it appearing to the Court that a reasonable time should be allowed to creditors of the defendant corporation within which to file their claims with the Receivers, it is, therefore, ordered that the creditors of the Ritca Hosiery '‘ills file their claims im writing, with the Receivers, on or before the lst day of August, 1930, failing in which, they shall be barred from participating in the distribution of the assets of the defendant corporation. Notice to this effect ahall be published in some newsparer published at States- ville, N. C. once a week for not less than two wecks. This cause is retained for further orders. 30-/%20 ey Sik tte. Fifteenth Judicial District —o = North Carolina | Iredell County | In the Superior Court. D. C. Ritchie, Individually, and D. C. Ritchie and T. G. Casey, as Stockholders amd Creditors of the Defendant Company, on behalf of themselves and all other stockholders and creditors who may come in and make themselves parties plaintiff in this action, COMPLAINT vs Ritea Hosiery Mills, Incorporated. The plaintiffs above mamed, complaining of the defendant for eause of action, allege and say: lst. That the defendant, Ritca Hosiery Mills, Inc., is a corporation created and existing under the laws of the State of North Carolina, with its principal place of business at Statesville, Iredell County, where it has been engaged in the business of manufacturing hosiery. 2nd. That the plaintiff, D. C. Ritchie; is the President of said corporation and that T. G. Casey is the Secretary thereof and that they om practically the entire capital stock of the corporation, in fact all of it, except two or three shares held as qualifying shares by other directors and that the pleintiff, D. C. Ritchie, in order to afford credit for the defendant, has personally guaranteed and endorsed a number of ite obligations as an individual. Srd. That the defendant corporatibn was formed and immediately commenced to So business about March 4th, 1929; that about Feb. 6th, 19350, the defendant corporation's manufacturing plant suffered a loss by fire, which resulted in such damage to the tuilding, machinery and inventory, that the defendant was forced to close dow its plant; that at the time of said fire, the defendant owed to E. M. Land, Receiver of the Hall Hosiery Mill, the sum of $6,500, with accrued interest, for the balance of the purchase price of the manufacturing plant site, which amount was secured by a first mortgage thereon; that the defeniant likewise owed to Grier-Lowrance Construction Co. the sum of $7,144.10 for the contract price of restoring and constructing the building occupied by the defendant on said site, which had previously been destroyed by another fire, and that the indebtedness of the contractor is secured by a specific lien against the premises; that both of said amounts are past due and that the insurance for the damage to the building is payable to theholders of the lien against the real estate and they are pressing the defendant for payment of their past due secured claims on the real estate and the defendant is unable to pay the said secured and past due claims; that the defendant corporation has been disappointed in not securing a full and prompt adjustment of the losses caused to its machinery by the fire referred to and has not yet succeeded in securing an adjustment on the Scott & Williams machines, because of a disagreement between the Insurance Companies and the Scott & Williams Co., which holds a lien on geid machinery and the adjustment of this part of the loss has been arbitrated and is now pending; that certain other payments of the Insurance Companies for losses in said fire were taken over by the lien holders against the machinery and the defendant corporation has been and now is unable restore the premises, put the machinery in shape necessary to operate it and to open up the plant. 4th. That the defendant, in addition to the secured claims on the real estate, is largely indebted to various and sundry persons, firms and corporations for merchandise, materials and supplies and the defendant has been and now is unable to meet the demands of its creditors for payment of its obligations now due and mturing; that the defendant is in imminent danger of insolvency, if not actually insolvent . Sth. That some of the creditors have already started suits against the defendant corporation for the collection ot their accounts and the said suits are now pending and that Crier-Lowrance Construction Co. has perfected its lien against the plant and the Receiver of the Hall Hosiery Mill has notified the defendant corporation that unless the bal«nce of the purchase money due Hall Hosiery Mill is paid at once, he will be required to collect the same by law in order to settle said receivership. 6th. That the defendant's assets have a nominal or book value of approximately $51,827.00; that its liabilities, exclusive of capital stock, amount to approximately $52,265.93 and that .on account of the fact that said machinery and equipment has been in a plant that has had a fire, its value is depreciated much more than the actual damage to the same, for the reason that like a wrecked automobile that has been repaired, machinery that has been in a fire is cansidered more or less of an unknown quantity. 7th. That the President and other officers of the corporation have made every effort to work out some financial plan by which they could re-open and operate the mill, but they have been unable to do so and on account of the past due obligations and further on account of the fact that same of the creditors are taking judgments, the officers are of the opinion that it is advisable end necessary for « Receiver to be appointed to take charge of the assets and property of the defendant corporation and to secure an equitable and ratable distribution of the same. 8th. That summons has been issued from the Superior Court of Iredell County and that the same has been served on the defendant corporation and that no other action or suit for the appointment of a receiver has been instituted or is now pending in the courte of this state, or elsewhere, so far as the plaintiffs are informed and believe. WHEREFORE, for the reasons set forth herein, the plaintiffs demand judgment on behalf of themselves as stockholders and creditors, and on behalf of all other stockholders and creditors of the defendant Company who may cane in and make themselves parties to this action, that the Court will appoint a temporary Receiver to immediately take charge of the assets and affairs of the defendant Company and that the Court will issue an order, requiring the defendant to show cause at the time and place to be fixed therein by the Court, as provided by law, why the said Heceiver should not be made permanent, and for such other and further relief as may be just and proper. wy Jeet » Cattery Attorneys for the ntiffs North Carolina. Iredell County. D. C. Ritchie being duly sworn, deposes and says: That he has read the foregoing complaint and that the same ia true of his own knowledge, except as to those matters and things therein stated upon information and belief, and as to those, he believes it to be x e. 1 Sworn to and subscribed before m, this the |Q+ty, day of May, 1950. Jen ange Lager tml — My commission expires Dac. \nak, \A3e. North Carolina | In the Superior Court. Iredell County | D. C. Ritchie, Individually, and D. C. Ritchie and T. G. Casey, as Stockholders and Creditors of the Defendant Company, on behalf of themselves andze 11 other stockholders and creditors who may come in and make themselves parties plaintiff in this action, BOND OF PERMANENT RECEIVERS Vs Ritca Hosiery Mills, Incorporated. KNOW ALL MEN BY THESE PRESENTS, That we, Fred Guerrant and D. Van Horn, as principals, and United States Casualty Company, as surety, are held and firmly bound unto the Ritca Hosiery Mills, Inc., a corporation, the defendant in the above entitled action, in the sum of FIVE THOUSAND DOLLARS ($5000.00) to the payment whereof well and truly to be made, we do hereby bind ourselves firmly by these presents. Signed and sealed at Statesville, N. C. May SO th.» 1950. The condition of this obligation is such: That Whereas, the seid Fred Guerrant and D. Van Horn have been appointed permanent Heceivers of the defendant corporation by an oréer of His Honor, Thomas J. Shaw, Judge holding the Courts of the 15th Judicial District, in which Iredell County is located; NOW, THEREFORE, If the said Fred Guerrant ami D. Van Horn, permanent Receivers, shall well and truly carry out and perform the trusts committed to them as such Receivers, and faithfully discharge the same in “6 accordance with the law, then and in that event, this bond shall be null . and void; otherwise to be and remain in full force and effect. , IN TESTIMONY WHEREOF, the said Fred Guerrant and D. Van Horn have hereunto placed their hands and seals, and the said surety has caused this bond to be executed in its corporate name by its duly authorized agent a nd its corporate seal to be attached hereto, all done on May Sot, 1950. a i (SEAL) a V2 PA ot (SAL) Receivers United States Casualty Company By Agent The forego bond is adjudged to be in due form and is hereby approved. This ~——dey of ; 1930. Cicrk perio urt North Carolina | Iredell County | . In the Superior Court. D. C. Ritchie, Individually, ani D. C. Ritchie and T. G. Casey, as Stockholders and Creditors of the Defendant Company, on behalf of themselves and all other stockholders and creditors who may come in and make themselves parties plaintiff in this action, INVENTORY Vs Riteca Hosiery Mills, /ncorporated. Fred Guerrant and D. Van liorn, Receivers of the Ritca Hosiery Mills, Inc.,herewith return the following as a true and complete inventory of the property and assets of the Ritca Hosiery Mills coming into their hands by virtue of their office as Receivers, said inventory having been made by the Receivers in person on June 3rd, 19350. 35 Acme Plain Nnitting Machines 33" 200 needle in Serial Nos. 10,000 to 15,000. These machines are in operating condition. 13 acme Plain Knitting Mechines 38" 200 Needle Bad condition. 9 S & W Model B-5 Knitting Machines 38” 200 Needle, Serial Nos. are in the 25000 range. These machines are equipped with fancy drum attachments end are not- in operating condition. 41 S & W Model B-5 Knitting Machines 3a" 200 Needle, in Serial Nos. 25000 and up. These machines are equipped with Fancy drum attachments and are in operating condition, except needles and sinkers. 20 S & W Model H H Spiral Knitting Machines 38" 240 Needle equipped with all fancy attachments. These machines may be put in operation with some repair work. They are on lease and have been damaged by fire. Insurance on these has not been adjusted, the Ritca Hosiery Mills has an equity of $4500.00 in them. 4 Wright Steady Dial Loopers 18 pt. ‘These machines are in operating condition. 5 Wright Steady Dial Loopers 20 pt. These machines are in operating condition. 7 Wright Steady Dial Loopers 2@ pt. (SOTCO) These mechines are in operating condition. 11 H. Briton Ribbers 39" 200 Needle in Serial Nos. 8000 Range. These machines are in operating condition except needles. 9 Wildman Ribbers 32” and 4" 200 Needle, in Serial Nos. 12000. These mschines are in operating condition except needles. All the above machines are equipped with the necessary Ball Bearing Hangere, shafting, pulleys and chain drives. : \ 2 Bench Vices 1 Electric Drill Stand 1 " Grinder 1 7% HP Electric Motor HP ” " HP wn” " lit bottom chairs 1 rolls 38" leather belting t+ Machine parts aged electric fans , ge Double Threw Electric Switches 4 Small switch boxes 1 *" Fuse Box 1 Large " n 1 Step Ladder 1 Work Bench 2 Metal Waste Cans About 150 lbs. 40/1 Dyed carded yarn on cones asst. colors, damaged ® 30 lbs. 150 Den. Rayon on cones "natural" damaged. 2 Composition Belts 20' long 4" wide 100 lbs. 40/1 Carded Dyed Yarn on cones mostly part cones. 50 lbs. 150 Den. Celanese Remnants 25 lbs. 20/1 carded yarn "natural" 100 lbs. White piece waste 750 Paper Cartons asst. sizes 1 Flat top office desk 1 Office chair 1 Split bottom chair (2 Iron bed springs and mattress \L Fiber rug Tolhurst 30" Motor driven extractor (See lease) 1 smith Drum 50# 4 pocket Monel metal Dye Machine (See lease) This machine is motor driven and equipped with Thermometer and mixing can. #50-1854. ubjle Wood Dye vat and fittings 1/3 bbl. softing oil eby. Sulphuric acid " Formaldehyde 1/3 bbl. Houghtons Aid 50. lbe. assorted dyes 75 Canvas Stock Bags 14 Dye nets l Pair Dye scales 1 °° # Hosiery * a © @eaia: > * 1 24" Pipe Wrench 27 Acme Knitting Machines,no value except for parts. 1 Reducing Valce and steam gauge connected to Paremount Dry Forms 3 Rouble paramount all metal dry fom tables 1L.Single " ” " " " " , 84 Style P 2 Paramount Half Hose Dry Forms “The above are rented and are the property of Paramount Textile Machinery Co. 8 Small slat top stock tables l Pinishing table 5’ xX 18° " " 5° = 6’ ” a x 5° " 4° xz 6° o €@* Z 12° n 7 3° x 6! 3' X 16° Inspecting table with 7 inspecting boards (18 Metal Frame looper chairs 18 split bottom chairs 4 Stools 1 Waste Can 1 Electric transfer iron 1 Lot metal & Ruieber stamps 2 Rubber Stemp pads 300 MT Paper boxes forhalf hose 4 Rolls 24" Craft paper 9 Rolls 3" Gurme@ tape 1 Marking Brush 1 Marsh Stencil Machine 4 Stock Trucks 15 Cast tton Truck casters 1 saw 1 Basmer 1 Floor truck 551. 1bs. 40/1 carded dayed n asst. colors.. 85 lbs. 16/1 carded Matural Yarn 1 Pair Farbanks Scales 1 Pair PP Scales 22 100 W. lamps 5 Cones 150 den. Dyed rayon ( International Time Clock (See Lease) Q check Protector 1 Book-keeper's Desk 1 High metal frame chair 2 Office chairs Le table 3’ X 6’ 1 Wales Adding Machine jl L. C. Smith Typewriter \1 Typewriter Desk x. " chatt 1 Clothes rack 1 Metal filing cabinet l 2 Drawer Cabinet 1 First Aid Cabinet l Wire Waste Basket Few needles and belt hooks in office desk drawer ; ACCOUNTS RECEIVABLE [rete Kalener, Philadelphia, Pa. $660.00 Reported in Bankruptcy " Nathan Klatman, Youngstown, Ohio. 99 .00 " " Realgood Knitting Mills, Atlanta,Ga. 53.46 \ Amount on deposit First National Bank 6.83 On hand undeposited check Williem Spear & Co. New Haven, Conn. $68.00 Respectfully submitted, June 6th, 1930. Receivers Ritea Hosiery Mills Sworn to and subscribed before me, this the Jj, day of paces » 1930. Clerk Superior court Iredell County PARAGON MANUFACTURING CO. MANUFACTURERS OF Automobile Accessories HICKORY, N. C. June 21st, 1930 Rica Hosiery Mills, Inc % Mr. D. Van Horn Statesville, N. C. Gentlemen:- I would like to have the following. 30 Model BS S&W Knitters with fancy drums and attachments 5 Wright Steady Dial Loopers 20 Points 9 Wilman Ribbers 200 Kneedles 1 Electric Drill 1-74 Horse Power Motor 1-5 Horse Power Motor 75 Canvas Bags together will all kneedles,shafting, pulleys and hangers silk pads,sinkers and such other items as talked over in your office that goes with the machinery. The price on the above to be $1435.00. We are authorizing Mr. Joe Blake to buy this Machinery and parts putting confidence in him as well as your self to give me this merchandise at @ aghistectaty price -to all inverested and soncerned. If you trade with » Blake please put the deal throught at the ear- liest date possible. Respectivelly submitted, < C. + et veo ae Oe a a ALL CONTRACTS ARE CONTINGENT UPON STRIKES, FLOODS, FIRES AND ALL OTHER CAUSES BEYOND OUR CONTROL CLARENCE STIMPSON OwnecR Statesville Veneer and Panel Gompany MANUFACTURERS OF STATESVILLE.N.C. June 24, 1930 Messrs. Fred Guerrant & D. Van Horn, Receivers for Ritca Hosiery Mill, Statesville, N. C. Gentlemen: We would like to submit the following bids on the equipment now in your hosiery mill: 1 - Fairbanks platform scale with weights 1 - set of Brown & Sharpe grain scales complete with 1 = L. C. Smith typewriter, typewriter table and typewriter chair-<-<-<-<-----<- 40.00 Yours very truly, STATESVILLE VENEER & PANEL CO. i North Carolina } In the Superior Court. Iredell County | D. C. Ritchie and T. G. Casey, On behalf of themselves and all other stockholders and creditors who may came in and make themselves parties plaintiff in this action, PETITION BY THE RECEIVERS vs ee ee Ritca Hosiery Mills Company, Inc. To Honorable John M. Oglesby, Resident Judge of the 15th Judicial District: Fred Guerrant and D. Van Horn, Receivers of the Ritca Hosiery Mills, respectfully show to the Court: lst. ‘That they are fhe duly appointed, qualified and acting Receivers of the Ritca Hosiery Mills, a corporation having its principal plece of business at Statesville, N. C. 2nd. That the Receivers have advertised in the newspapers at Statesville, Charlotte and Greensboro for sealed bids to be submitted on the machinery end appliances of said Ritca Hosiery Mills, subject to the confimmetion of the court and subject to the right to reject all bids and offer the property at public auction upon the premises on Thursday, June 26th, 1930, if no satisfactory bid is submitted prior to thet date. rd. That the lteceivers nave received a nunter of bids for a private sale of certain property of the defendant corporation as follows: (a). Statesville Veneer & Panel Co. has offered to buy for cash at private sale the following: 1 Smith Drum Dye Machine complete, and the necessary attachments $950.00 l Tolhurst Extractor and attaciments complete 400.00 17 Donor Chairs @ $2.75 46.75 1 Fairbanks Scales and weights 8,50 l Set of Brown & Sharpe Grain scales and weights 9.00 1 L. C. Snith typewriter, typewriter chair and table 40.00 That the Smith Drum Co. claims to have a secured claim in the amount of $948.12 upon the Smith Drum Dye Machine equipment by virtue of a written instrument covering the sale of said equipment; that the said contract was not recorded in North Carolina at the time of the appointment of the Receivers and the sale of ssid machinery, if avproved by the Court, is without prejudice to the rights of Smith Drum to establish a preferred claim, but it has been agreed that the property shall be sold and the proceeds held in tact until such time as it is determined whether the claim of Snith Drum ig a valid lien. That the General Laundry Machinery Corp. of Chicago, Ill. hold#s a registered lien for the balance of the purchase money on the Tolhurst Extractor in the amount of $337.41, with interest from June 10th, 1920. (db). That Paragon Manufacturing Co. has submitted a bid to buy at private sale the following property for $1435.00 cash, viz; 30 Model B 5 S & W Knitters with fancy drums and attachments 5 Wright Steady Dial loopers 20 point 9 Wilman Ribbers 200 needle 1 Electric Drill 1 78H. P. Motor 15 H. P. Motor 5 canvass bags, together with all needles, necessary shafting, 50 pulleys, 1l hangers, silk pads and sinkers that go with and are necessary with the } operation of the above machinery. i Upon the B 5 Machines above set out, the Sellers Hosiery Mills of Burlington, N.C. holde-mortgs@e in the amount of $300.00, recorded in Book 108, page 323, which isa specific lien on said property. 4th. That the Receivers have made investigation and in view of the fact that most of the machinery above set out bas been through a fire, they are of the opinion that it will be to the interests of creditors to accept the offers at private sale herein reported, as they believe it is more than the property would bring if effered at public sale. Sth. “That unless the bidders above reported are given a prampt answer upon their bids, they will not allow their bids to stand and it is necessary for the Court to make an order, authorizing a private sale. WHEREFORE, the petitioners pray that the Court will approve the above private bids, confirm the sale in accordance with said bids and make an order for the Receivers té sell the property herein reported at private sale to the purchasers and at the prices herein set out. This June 25th, 1930. Biward M. Land, Attorney-at-Law, Statesville, N. C., representing Smith Drum Co. hereby consents to the above sale in so far as it affects the Smith Drum Co., upon, the understanding that. the proceeds of the sale of Smith Drum Equipment shall .te held separate ami in tact by the Receivers, subject to smith Drum establishing a secured claim for the proceeds » thereof and the sale thereof shall be without prejudice as to the legal rights of Smith Drum to claim the proceeds. Thies June 25th, 1930. This cause coming on to be heard before the under- signed Judge.of the 15th Judicial District, at chambers, gm Marion, N. 0. on the 25th day of June, 1950, and being heard upon the petition of the Receivers; ; and the Court being of the opinion that it is for the’ «, best interests of the crediters of the defendant corperatton to accept the bids reported by the Receivers at private sale; ‘ It is, thergupon, ordered that Fred Guerrant and D. Van ca Horn be, and they are hereby authorized end directed to sell the property of the : > defendant corporation set out in paragraph "ea" of the petition to the TO ea Statesville Veneer & Penel Company fer the sum of $1454.25 cash at private **-° pale. $ ; ; * A e ie . & ‘ » oe Sig It is further. ordered thet in regardto the machinery 9 7 oe te a a i . og)! , ee M43 . Ss : we and equipment upon which Smith Drum Co. claims a purchase money lien, that the proceeds of said sale in the amount of $950.00 be held in a separate fund by the Receivers and in tact as the proceeds of the sale of specific property, without prejudice to the rights of Smith Avo hereafter establish a secured claim therefor; that the claim of Smith Drum to a lien on s&id property be transferred from the property itself to the proceeds without prejudice to the rights of all prrties and that said machinery be sold free and clear of liens. It is further ordered that the Receivers be, and they are hereby directed to accept the bid of Paragon Manufacturing Co. for the property set out in paragraph "b" of the petition at private sale for the sun of $1435.00 cash. It is further ordered that out of the proceeds of sale of the Tolhurst Extractor, the Receivers pay off the recorded purchase money lien due the General Laundry Machinery Corp. in the amount of $337.41, with interest fran June 10th, 1930, out of the proceeds of sale of said specific property to the extent thereof. It is further ordered thet the Receivers pay out of the proceeds of sale of the B 5 Model Knitters, the amount of the secured lien ageinst the same to the extent thereof and that said property be sold free and discharged of said lien. This June 25th, 1930. ‘ i Resident udicial Dystiet Sil PATRONS ARE REQUESTED TO FAVOR THE COMPANY BY CRITICISM AND SUGGESTION CONCERNING ITS SERVICE WESTERN » UNION NEWCOM® CARLTON, PresivenT J. C. WILLEVER, FineT vice ’ The filing time as shown in the date line on full-rate telegrams and day letters, and the time of receipt at destination as ahown on all messages, is STANDARD TIME. — _ ee IN JUL 10 PM 2 17 RXCF53 11=XB NEWYORK NY 10 153°P RECEIVERS RITCA HOSIERY 'ILLS=: STATESVILLE NCAR= aaa ee ed 3 pein “ mth enn Me Ce one BY acca’ <-> —- cow OFFER ONE HUNDRED TWENTY FIVE DOLLARS EIGHTEEN POINT WIRE IF ACCEPTASLE= | Pye Ea ale MACHINERY LIQUIDATING CO INC. hos THE QUICKEST, SUREST AND SAFEST WAY TO SEND MONEY IS BY TELEGRAPH OR CABLE THE WESTERN UNION TELEGRAPH COMPANY TELEGRAM RECEIVED BY TELEPHONE CHECK AND ACCOUNTING INFORMATION OFfFiceE FROM DATE MACHINERY LIQUIDATI@®& CO INC 33 W 42 ST NEWYORK NY SUBMITTING YOUR OFFER PER TELEGRAM TO COURT FOR CONFIRMATION WILL WIRE EARLIcST OPPORTUNITY RECEIVERS RITIA HOSY MILLS TELEPHONE HUMOER CLASS OF STATION | SPECIAL INFORMATION HoOLLAR HOSIERY MILLS MANUFACTURERS FINE SEAMLESS HOSIERY W.L.HOLLAR, GENERAL MANAGER Hioxory, N. G. July 7th 1930. Receivers of Ritca Hosiery Mills, Statesville, N.C. Gentlemen;- I offer you ONE THOUSAND FIFTY DOLLARS ( 1050.00 ) for the following machinery - 41 Scott & Williams Model B5 - 200 needle 3Cyl ),8ga 9 Wildman Ribbers 5 Wright Steady Dial Loopers Machines 20 point 1 - 5 H.P. Motor & Chain Drive All necessary Pulleys Hangers Shafting, all B5 parts. Needles Sinkers that were taken out of the machines All Wildman Ribber Parts. Yours very truly, North Carolina Iredell County In the Superior Court. D...Oe Ritchie and T. Ge Casey, Individually, and as stockholders of the Ritca Hosiery Mills, on behalf of themselves and all other creditors and stockholders who may com in and make themselves plaintiffs in this action, PETITION OF THE RECEIVERS vs Ritca Hosiery Mills, Incorporated. J. H. Clement, Judge Holding the Courts of the 25th Judicial District: To Honorable Fh Ld ~~ Se O er wey Seem, AeA Ae eer e OF bw thie? APP a Se a The undersigned Receivers of the Ritca Hosiery Mills, respectfully show and petition the Court: lst. That since their appointment as Receivers of the Ritca Hosiery Mills on May 30th, 1930, they have made diligent effort to dispose of the assets of the defendant corporation; that in an endeavor to do so, they have advertised a public sale of the property upon the premises and at the time and place so advertised, have offered the machinery end equipment for sale at public auction; thet no satisfactory bid that the Receivers were willing to recommend was secured at said public sale, although the seme was advertised in newspapers in Statesville, Charlotte and Greensboro and that thereafter, the Receivers set to work to negotiate with private bidders for a disposition of said machinery; that they secured a number of bids, one from the Paragron l’amfecturing Co., which was reported to ami confirmed by the Court and later withdrawn becatise the bidder was unable to psy the purchase price; that they received another private bid from 0. W. Hollar of the Hollar Manufacturing Co. They also received a bid from the Crescent Hosiery Mill Co. of Statesville and from the Fidelity Hosiery Mills of Newton, none of which were satisfactory or which the Receivers were willing to recommend at private sale; that the two highest bids received were from the Crescent Hosiery Mill Co. of Statesville, N. C. and the Fidelity Hosiery Mills of Newton, N. C. and thst the Receivers notified these two bidders to be in Statesville, N. C. on Saturday, July 19th, 1930, at 10 o'clock for the purpose of increasing their bids if they so desired, at which time and place the machinery amd assets of the Ritca Hosiery Mills, as a whole, were offered for sale at cash, after excluding all the new machinery repossessed by Scott & Williams under a purchase money lien, as authorized by the Court in this proceeding, and after selling the dye machinery and equipment to the Statesville Veneer and Panel Company at private sale for $1454.25, as confirmed by the Court and excepting also the following units upon which the Receivers had separate bids, viz: Machinery Liquidating Company, Inc. bid $125.00 for 4 18 point loopers at private sale. Miller-white Hosiery l!ill bid 100.00 for 9 S & W BS Machines, not in operating condition, and 3 ribbers. Sub ject to these exceptions and excluding the time recording clock, upon which is claimed a purchase money contract, a sale at public auction of the remaining assets was held Saturday, when and where the Fidelity Hosiery Mills became the last and highest bidder for the same in the amount of $3525.00 cash. That the Receivers have exhausted every suggested purchaser and believe that it would be for the interests of creditors to accept said offer and to confirm the sales, first to the’ Fidelity Hosiery Mills for $3525.00 and second, to the Machinery Liquidating Company, Inc. for $125.00 and third, to the Miller- White Hosiery Mill for $100.00. \ That they do not believe they will be able to secure more for the assets of this corporetion; that the Receivers are both hosiery mill men and familiar with second hand machinery and taking into consideration the fact that this machinery has been in a fire, they recommend acceptance of the bids so offered and immediate confirmation thereof. All of which is respectfully submitted, this July 2lst, 1950. _®. Yau Ke+m— Receivers Ritca Hosiery Mills, Ine. fy bear « Cathe attorneys Upon the foregoing petition of the Receivers, it is adjudged that the Bales made by the Receivers of the following be, and they are each hereby confirmed, viz: Machinery Liquidating Company, Inc. 4 18 point loopers at private sale for $125.00, cash. Miller-White Hosiery Mill 9 S & W BS Machines, not in operating condition, and 3 ribbers, for $100.00 cash. All other machinery and equipment, excluding the new Scott & Williams machines repossessed by Scott & Williams on the purchase price, the dye machinery and equipment sold to the Statesville Veneer & Panel Co., 17 chairs, 2 pairs of scales, typewriter, typewriter desk and chair, time recording clock and forms which do not belong to the defendant, to the Fidelity Hosiery Mills Co. for the sum of $5525.00. It is further ordered that the Receivers, out of the proceeds of sale, pay off and discharge any specific liens on the property sold to the extent of the purchase price and that the same are sold free and discharged of any liens. And it appearing to the Court that the «sale to the Paragon Mfg. Co. of certain parts of the machinery set out in this order, which was here- tofore confirmed by the Court, was not campleted because the bidder failed to comply with the terms of his bid and pay the purchase money, it is ordered that the sale heretofore reported and confirmed to the Paragon Mfg. Co. be, and the same is hereby vacated and set aside. This cause is retained for further orders. This July _<¢/ / _, 1980. udicial District THE FOLLOWING LIST COPOSES TH® PROPERTY INCLUDED IN "H” °ID OF THE FIDELITY HOSIERY MILLS AT TE PRICE OF $3525.00 CASH 355 Acme plain knitting machines 3-fin. 200 needle in serial nos. 10,000 to 13,000 in operating condition 13 Acme plain knitting machines 3$ in. 200 needle in bad condition 41 S & W Model BS knitting machines ae in. 200 needle in serial nos. 25,000 and up with fancy drum attachments in operating condition, except needles and sinkers Wright steady dial loopers 20 point Wright dial loopers 24 point (SOCCO) H. Briton Ribbers 3% in. 200 needle in serial nos. 8,000 range Wildman ribbers 3f in. and 4 in. 200 needle in serial nos. 12,000, in operating condition except needles bench vices electric drill stand electric grinder eM. P. Electric noter 5 H. P. " 1. P. ” ” Split bottom chairs small rolls of leather belting lot of machine parts damaged electric fans large double throw slectric switches small switch boxes small fuse box large fuse box step ladder work bench metal waste cans about 150 lbs. 40/1 dyed carded yarn on cones asst. colors, damaged about 30 lbs. 150 den. Rayon on cones "natural" damaged. 2 Compsoition belts 20' long 4" wide 100 lbs 40/1 carded dyed yarn on cones mostly part cones 50 lbs. 150 den. celanese remnants 25 lbs. 20/1 carded yarn "natural" 100 lbs. white piece waste 750 paper cartons asst. sizes 1/3 bbl. Houghtons sid 50 lbs. as orted dyes 75 canvas stock bags 14 dye nets 1 pai@ dye scales 1 " hosiery scales 1 paid grain scales 1 24" pipe wrench 27 Acme Knitting Machines, no value except for parts 1 reducing valve and steam gauge connected to Paramount Dry Forms 3S double paramount a4 metal dry form tables 1 single ” n " " n 8 anall Slat top stock tables 1 finishing table 5' x 18' " 5° x 6" es x 5" 4' x 8! 4* x 13° ” 3* x 6° , 3' x 16" inspecting table with 7 inspecting boards 18 split bottom chairs 4 stolls 1 waste can l electric transfer iron 1 lot metal & rubber stamps 2 ruber stamp pads 300 MT paper boxes for half hose 4 rolls 24" craft paper 9 rolls 3” gumme# tape 1 Marking brush 1 Marsh stencil machine 4 stock trucks 13 cast iron truck casters oona ed oe ee ne ne 1 w 1 Hammer 1 Floor truck 531 lbs. 40/1 carded dyed yarn asst. colors 85 lbs. 16/1 carded Natural Yarn 22 100 W. lamps 5 cones 150 den. dyed rayon 1 book-keeper's desk 1 high metal frame chair 2 office chairs 1" table 3* x 6° 1 Wales adding machine 1 clothes rack 1 metal filing cabinet 1 2 drawer cabinet 1 first aid cabinet 1 wire waste basket few needles and belt hooks in office desk drawer MA [ATS Jigen . July 11, 1930. Ritea Hosiery Mills, Attention Mr. H, Guerrant, Receiver, Statesville, N. ©. Gentlemen: We have your letter of July 10th with reference to Soteo 24-point loopers, and replying wish to advise that we would not be interested in more tian four of these machines since we were compelled to buy several new ones. Judging, as stated in our letter a few days ago, from our conversation with Mr. Hayes, with reference to the condition of these loopers, would not care to offer more than $60.00 for them, and could not use more than four. Yours very truly, RE REQUESTED TO FAVOR THE COMPANY BY CRITICISM AND SUGGESTION CONCERNING ITS SERVICE WESTERN [= NL = Night Letter NLT = Cable Letter ft is WLT = Weeb-ind Lecer | ae pleas waeteys, aise NEWCOMS CARLTON, Presivenr J. ©. WILLEVER, rinst vice So i el i 8ST, WESTERN UeHOH See Te Bees AP VE OE .CFI7 30 DL=xB NEWYORK NY 15 ‘92hA RECEIVERS =" ais ) RITCA HOSIERY MILLS Cees NCAR= _ - ad J MAILING ORDER AND DEPOSIT, FOR. FOUR EIGHTEEN POINT wi . LOOPERS WITH TRIMMERS PER YOUR QUOTATION TENTH ALL coven COMPLETE AND IN GOOD ORDER AND EACH SECURELY BOXED STOP * PLEASE WERE ACCEPTANCES es eo thi Z/ | MACHINERY LIQUIDATING TGOMABANY) INCes | ‘ome Delivered GWE - 5 fl2A “ey 2 éget ZLK fs 15 IA togee~"— /2s< 7 Ky2 aed North Carolina | | fe ; Iredell County | In the Saperior Court. D. C. Ritchie end T. G. Cesey, — fi Individuelly, and as stockholders ‘ of the Ritea Hosiery Mills, on 4 behalf of themselves ani all other | erediters end stockholders who may {| come in and make themselves parties ‘ PETITION BY THE RECEIVERS piaintitf in this aetion, - j | j { i ve Ritea Hosiery Mills, Incorporated. be t To Bonorsble John M. Oglesby, Resident Juige of the Fifteenth Julicial District: * , “4 ae 4%, : wt. & ee: The undersigned Heceivers of the Ritca Hosiery Mills, respectfully show to the Court: lst. ‘That since their appointment as Receivers of the Ritca Hosiery Mills on the 50th day of May, 1980, they have mde diligent effort to dispose of the essets of the defendant corporation; that they have gicceeded in disposing of practically all of the property coming into their hands; that they now have an offer from the MeTer Hosiery Mills of Marion, N. C. for the remaining 4 Wright Steady Dial Loopers, 18 point, at the price of $25.00 each, or a total of $100.00; thet the Receivers have exhausted every suggested purchaser and “inorder to Glose up thé estate, believe that It would’ be for the best interests -@f ereditors to accept said offer and to confirm the sale to the MeTar Hesiery wilie, Marion, N. C. for $100.00 cash. All of which is respectfully sulmitted, this Sept. 2rd, 1950. oD Ritca ffi aiits ORDER Pad at ot Upok the foregoing petition of the Receivers, it {fs adjudged ‘ “that the sale made by the Receivers of the 4 Yright Steady Diel 18 point Loopers te the MoTer Hosiery Mills, Marion, N. C. ‘for the total purchase price of $100.00 eabh, be and the sme is hereby confirmed and approved by the Court. This the 2-9 day of September, 1950. North Carolina | In the Superior Court. Iredell County | D. C. Ritchie, Individually, and D. C. Ritchie and T. G. Casey, as Stockholders and Creditors of the defendant Company, on behalf of themselves end all other stockholders and creditors who may come in and SPECIAL REPORT OF RECEIVERS make themselves parties plaintiff in “this action, © . msc he A : a.m 8 he 3 28 vs : 4 4 ly * . +. Ri tea Hosiery Mills, Incorporated. To The Honorable John M. Oglesby, Resident Juige Of The Fifteenth Judicial District: The undersigned Receivers of the Ritca Hosiery Mills hereby report to the Court as follows: lst. That Smith-Drum Co. has filed a claim against the Receivers for the amount of $948.12 claimed to be due by the Ritca Hosiery Mills for the lease price of certain dyeing machinery, which was sold by the Receivers free of lien for $950.00 and the proceeds placed in a special deposit subject to the determination of the question as to whether under its contract, Smith-Drum Co. had a preferred claim. 2nd. It is admitted that the Ritce Hosiery Mills owes Smith-Drum Co. the amount of their claim, the only question being whether it is a lease and, therefore, not required to be registered within the meaning of the registration laws of the State of North Carolina. A copy Of watt vontrect ts herete ettached, Marked Exhibit "4" and made a pert hereof. Srd. ‘Fhe Receivers are willing to allow said claim as 4n unsecured claim. Creditor claims that it is entitled to entire proceeds. 4th. ‘The attorneys for the Receivers and for Smith-Drum Co. have agreed to a compromise of their claim by the Receivers paying Snith-Drum Co. $500.00 in full settlement and compromise of their claim and the remaining $450.00 received from the sale of said machinery to be applied to the general creditors. Sth. That the Receivers'are informed and belisve that unless some compromise adjustment id mide, the matter will resolve into litigation and probably have to go to the Supreme Court and the delay and expense incident will be out of keeping with the amount involved, but that it would be for the best interests of creditors and ell parties concerned for the Court to authorize the adjustment to be made and the estate to be closed, WHEREFORE, the pétitioners request that the Court will instruet them in regard to this elain. This gept. 26th, 193. Z Receivers Ritca eater? Wills North Carolina | Iredell County | In the Superior Court. D. C. Ritchie and Others vs Ritca Hosiery Mills, Inc. This cause-coming on to be heard before His Honor, John Me Oglesby,. resident Judge of the 15th Judicial District on the 3 ou day of September, 1930, and being heard upon the report of Fred Guerrant and *« D. Van Horn, Receivers of the Ritca Hosiery Mills, dated Sept. 26th, 1930, .in_which report the Receivers disallowed the claim of Smith-Drum Co. in the * sun of. $948.12 as a preferred claim, which claim consists of a written instrument,called a Lease, for the balance of the purchase money on a dyeing machine sold by ni th-Drun Co. to the Ritca Hosiery Mills, upon which it is claimed that there is a balance of $948.12 purchase money still due; And it appearing to the Court that the attorney for the claimant and the attorney for the Receiver, after conferring about the validity of the claimant's preferred claim, have agreed to compromise and adjust the claim upon the basis of the Receivers paying Smith-Drup the sum of $500.00 in full satisfaction of all their claims growing out of the alleged purchase money in the anount of $948.12 due and secured by said lease con tract; And it appearing that unless the said matter is adjusted, it will cause litigation and delay and expamse and that the general creditors will receive $450.00 out of the sale price of said machinery upon which the claimant claims a valid lien and that it would be for the best interests of creditors and all parties to adjust said mtter without the expense and delay of litigation by paying $500.00 in full of said claim; It is, therefore, ordered that the Receivers of the Ritea Hosiery Mills pay to Smith-Drum Co. the sum of $500.00 in full satis- feetion of all their claim against the Receivers and as a complete adjustment of their alleged preferred claim; that the balance of the money obtained by the Receivers from the sale of said machimry be applied to the general creditors of the Ritca Hosiery Mills. By Consent Of: ’ Attorpey forthe Receivers Agreement of Lease s__. 20th __day of April , 192.9__, between SMITH, DRUM & CO., a See Inks croneieed and’ existing under the Laws of the State of Pennsylvania (hereinafter called the “Lessor”), party of the first part, and__Ritoa Mfg. Co. of Statesville, N.C. (hereinafter called the “‘Lessee”), party of the second part, WITNESSETH: I. The Lessor, in consideration of the rent to be paid and ts and conditions to be kept and per- formed by the Lessee, as hereinafter provided, hereby leases to the see, upon the terms hereinafter set forth, and the Lessee hereby hires and takes from the Lessor, subject to the said terms, the following described ma- chines, ing to the Lessor:.1 Rotary Dyeing Machine, Model 40, 50lbs. capacity motor driven, including motor and reversing mechanism is vs gr ~otnieh,soaghines: are pusmbened respectinalyy-aefotiows:-LGS4- — ~~ Il. The term of this lease shall commence on the date of the delivery of the said machines in good order to the carrier, for transportation to the Lessee, and shall continue for the period of twenty-one months from the said date, unless previously terminated, as hereinafter provided. The Lessor is hereby constituted the agent of the Lessee for the selection of the said carrier and of the route over which the said machines are to be transported to the Lessee; and the delivery of the said machines in good order to a carrier so selected shall, for all purposes, be and be deemed to be delivery to the Lessee under this lease. III. In consideration of the above letting, the Lessee covenants and agrees with the Lessor as follows: 1. The Lessee shall pay as rent for the said machines, during the term of this lease, the sum of __Fifteen hundred fifty seven i blGat clits ites amc amcatieonanrietenueepitas of which sum _ four hundred one si : eee cae + elena siiaianelaliectimsiccinieetiiiesidliaeaieniii sienna dlnitilaneamieiin Dollars shall be paid in cash on the date of delivery of the said machines to the carrier, as aforesaid, and the re- mainder in accordance with___ Seventeen lease notes, bearing interest at the rate of six . per cent. per annum, Maturing monthly in the sum.of $68.00 each _____ the others on the 20th day of each subsequent month delivered herewith. The Lessee, on receipt of the said machines, shall also pay all transportation and other charges incident to the delivery thereof, except cartage to the cars of the carrier, and the amount of the insurance premium necessary to insure the said machines against fire during the said term in the sum of __ Sixteen hundred _ = cela i ‘ ; Dollars ; and he shall also’ promptly pay all taxes or assessments of every kind levied or assessed upon or payable in respect of the said machines, or any of them, during the term of this lease. Insurance policies to bear an endorsement reading: “Loss, if any, payable to Smith, Drum & Co., or Lessee as their interests may appear.” 2. The said machines shall, at all times during the said term, remain and be the sole and exclusive property of the Lessor, and the Lessee shall have no right of property therein, but only the right to use the same in the manner and upon the conditions herein set forth. The Lessee shall keep the said machines free from any and all mechanics’ or other liens during the said term, and shall not do or cause or suffer to be done any act or thing whereby the Lessor’s rights in the said machines, or any of them, shall or may be encumbered or impaired. 3. At all times during the said term, except suvtng the transportation of the pif patios to the Lessee, the said machines shall be kept on the premises of the Lessee at pr aiaie shall be operated only by the Lessee, his servants or agents, and shall be subject to inspection by the Lessor and its representatives. This lease shall not be assigned, nor shall any sub-lease be made, without the written consent of the Lessor. 4. The Lessee shall, at his own .cost and expense, keep the said machines in good repair and order during the said term, and shall use proper care in the jon thereof; and the Lessee shall not suffer or it any to deface, injure or remove any ies, dates, numbers or other in- caladann Gen ox emer © xed to or im asad: epen ény oF Sn ound mamiese by the Laner, The Hse Shall be responsible to the Lessor for the said machines, and for any loss thereo or damage thereto during the said term; and the rent herein reserved shall not be suspended or abated by reason of any such loss or damage. 5. At the expiration of the term of this lease, the Lessee, unless he shall purchase the said ma- chines, as hereinafter provided, shall return the said machines to the factory of the Lessor, paying all the transportation charges therefor, in as good order and condition, reasonable wear and tear from the use thereof only excepted, as the said machines were in when delivered by the Lessor to the carrier for trans- portation to the Lessee. IV. Anything nente Gime to the contrary notwithstanding, it is hereby expressly agreed that, in case the Lessee shall fail to keep orm any of the above terms and conditions, or shall fail to pay any of the said lease notes as they severally due and payable, or shall make or attempt to make any sale, mortgage, lease or unauthorized removal of any of the said machines, or shall do or cause or suffer to be done any act inconsistent with the title and property rights of the Lessor in and to the said machines, or shall be declared bank- or insolvent according to law, or shall make any assignment for the benefit of creditors, or in case any lien attachment shall be placed, or execution levied, on the said machines, or any of them, then in each and every the Lessor may, without previous demand or notice or action on its part of any kind, terminate this retake possession of and remove the said machines, forcibly, if necessary, and for that rpose may, i of any ssanner of trempess and without Eslng Rabie Sse egy Ge, for, enter where said machines are, or are by the Lessor believed to be. In the event 2 ‘ the possession, ase and control of the said machines retaking possession ; 1 charges to the factory of the Lessor. No such termina ll impose on the Lessor any obligation to repay sum theretofore paid by the Lessee hereunder; but the Lessor will use reasonable efforts to re-let the said i received from such re-letting during the remainder of the period sums payable hereunder on account of rent, or for expenses in- if any, of such rents to the Lessee, as and when received. the due payment of the principal of or interest on any of the said lease notes, or if this lease be terminated for any cause, as hereinbefore vided, then and in any or either such case, all lease notes by their terms maturing subsequently to such fault or termination shall, at the option of the holder thereof or of any of them, become immediately due and payable, anything in the said notes or in this Agreement expressed to the contrary notwithstanding; and the Lessee, in such case, agrees to pay the same forthwith upon demand. VI. At the expiration of the term of this lease, provided the Lessee shall have paid all of the rent and other charges as herein ided, and shall have kept and performed all of the agreements and conditions on his part to be kept and performed, the Lessee may at is option, purchase the said machines for the sum of ____. Seventy five 14/100 ----2--0--m=- ==Dollars, in cash; and, upon payment thereof, the title to the said machines shall vest in the Lessee forthwith. VIL. None of the conditions, stipulations or provisions hereof shall be held to have been waived 1a act or knowledge of the Lessor, its agents or employees, but only by an instrument in writing, signed an officer of the Lessor thereunto authorized. The Lessee admits the validi fer Ge Sell tare expeemped bn the qoust Gesseel (and every extension and Letters Patent of the United States of America owned by the Lessor inventions covered by the said letters patent are or hereafter may be expiration or térmifiation of this Agreement or any extension hereof not in any way affect the provisions of this issi herein set forth. herein, shall i the Lessor and its successors and iti contained, on the part of the Lessee to be kept, ormed binding upon and enforceable against the legal representatives, successors and assigns of the is Agreement and all the provisions hereof shall be construed and enforced in accordance of the State of Pennsylvania. NESS WHEREOF, the parties hereto have executed this, instrument, the day and year first SMITH, DRUM & CO, By.. Park piieiccpdeabuod ” ‘Viee- ==. aby One of the Partners. Ritea Hos. Mills, Inc. By.D.C.Ritohie Pres. Exhibit A v HA Em oma" * Hosiery Mills, which cmmsisted entirely of tax on the real estate, was figured in the price of the lami sold under the deed of trust. The Receivers further report that Scott & Williams held a claim of $13,500.00, secured by recorded purchase lien on the new Scott & Williams machines and that they intervened in this action and the Court ordered said machinery released to them in satisfaction of their debt and also of an open account they held against the company. The Receivers further report that the Fire Insurance upon the Scott & Williams machinery, in the amount of $3500.00, as established by the appraisal, was payable to Scott & Williams and collected and received by them. | ! The Receivers further report that the fireiinsurance on the building which was damaged by fire, was payable to the Trustee in the deed of trust and that the loss on the building which was appraised at $2450.00, was collected by the Trustee. The Receivers further report that they advertised the machinery and equipment as listed in their inventory, for sale at public auction, held a public sale, rejected all bids, negotiated extensively for private sales and finally sold the same at the best price they were able to obtain and had the sales confirmed by the Court; that Scott & Collier, attorneys of Statesville, N. C. have acted as attorneys for the Receivers in all their proceedings, have made several trips out of the county to the judge for filing special weports and securing orders thereon and have settled several claims and mde adjustments approved by the Court, ami have from time to time, given notice to creditors with reference to their claims, and the Receivers recommend to the Court that the services rendered by them are reasonably worth the sum of $390.00 and that this amount be approved in full for their services. The Receivers further recommend to the Court that they be allowed a sum" equal to 5% on receipts and disbursements as compensation for their services. While the amount of money coming into their banis has been comparatively small, there has been a great amount of detail work due to taking inventory, negotiating for sales of the machinery, passing upon and allowing claims and the Receivers submit that their services are reasonably worth said amount. All of which is respectfully submitted to the Court, with the request that the Court will make an order, approving the allowances herein mentioned, the payments of the preferred claims, allowances and costs and order the balance of the funds in the Receivers’ hands paid out to the unsecured creditors on their claims as herein filed. This October 9th, 19%. Sworn to ami subscribed before me, thie Oct. 9th, 1950. Notary Public ( North Carolina } Iredellcounty | In the Surerior Court. RB. C. Ritchie and T. G. Casey and Others, { { | vs } { ( Ritca Hosiery Mills, Inc. This cause cadming on to be heard before the undersigned Judge of the Superior Court, holding the courts of the 15th Judicial District , in which Iredell County is located, upon the report of Fred Guerrant and D. Van Horn, Receivers, and being heard upon said report, It is ordered: lst. That the Receivers be, and they are hereby allowed, as com- pensation in full for their services as such, & sum equal to 5% on the receipts and 5% on the disbursements,as shown in said report. The partialallowance of $100.00 each heretofore made by Judge Johnson to be deducted from the total so allowed. 2nd. That Scott & Collier, attorneys for the Receivers, be, and they are hereby allowed the sum of $300.00 in full payment of their services to the Receivers, as recommended by the Receivers, the partial allowance of $100.00 heretofore made for them to be deducted from the total so allowed. 3rd. That the claims reported by the Receivers filed and allowed be approved and the Receivers be, ami they are hereby authorized and empowered to pay a final and only dividend of 7.75% to all the unsecured creditors in final distribution of the estate. It is further ordered that the costs of this action be paid to the Clerk of the Superior Court of Iredell County by the Receivdrs and that at the next term of Superior Court a dissolution be entered and a copy thereof filed in the office of the Secretary of State. This the 10th day of October, 1950. udicial District Bill of Costs—Civil—Printed and for sale by Brady Printing Co., Statesville, N. C. Original ‘Summons, or other original process, in inelud- ing all names therein “ ~ = ~- $1.00 | Every copy of same ~ a o - Filing Complaint and Affidavit a ke Filing Answers and Affidavit = Bond, including Justification - * Appeal from Justices - © “ Appeal from Clerk to Judge - io Order for enlarging time of pleading Interlocutory Orders - i = ne Attachment, Order in - i ie = Injunction Order, including Bond and Justification 1.00 Order of Ar: est : = : : 1.00} Subpoena, each name otifying Solicitor of Removal of Guardian Continuance - Caveat to a ring a Issuing agree Affidavit, including Jurat and Certifica Seal V a - ~ = ° é Motion, Entry and Record of - ~ a | Notice ~ - - o ~ . I Notice, for each name over one in same paper Impaneling Jury - “ ° ve i} Justification of Sureties, exeopt as otherwise provided - ~ - - ° - | Judgment finalintermtime - - - | Judgment final before Clerk - a . Judgment in favor of Widow’s Year’s Bupport - i Docketing same. - ~ ” ° - Docketing ex parte Proceedings - * i Docketing Judgment 438- - - - Docketing Summons - - “ . Indexing Judgment i‘ he Winch } Execution ec awe Return . - “ Appeal to Supreme Court, including Certificate and Seal . . . 2.00 Transcript to Supreme Court copy sheets, each .10 5 | Sheriff oi ~ o « * : Constable Ps Magistrate - o } Plaintiff’s Witnesses “ef ef - a ‘ x a be a em Pe ae a me Defendant’s Witnesses oe oe CIVIL DOCKET. BILL OF COSTS--CIVIL. (As Fixed by the Code.) Receiver 1930 < SUPERIORS@OURT—SUMMONS g In Accordance With Chapter 66 Public Laws 1927 IREDELL COUNTY—In the Superior Court. f. HN. Brown, David L. Brown, Stockholders of the defendant Company, in behalf of themselves whether stockholders or creditors of the _2. Ne Brown & Sons, who may join in this proceeding. AGAINST SUMMONS FOR RELIEF 7. HN. Brown & Sons. THE STATE OF NORTH CAROLINA, To THE SHERIFF OF - You art Heresy ComMANDED To SuMMONS ft. H. Brown & Sons the defendant_. above named, if._it..m be found within your County, to be and appear at the office of the Clerk of the Superior Court, for the County of Iredell, at the Court House in Statesville, not later than THIRTY DAYS from date of service of this summons, and answer the complaint, a copy of which is hereto attached, (or which will be filed in the office of Clerk of Superior Court of Iredell County within the time as set out in the attached order) and let the said defendant.. take notice that if fail to answer the said com- plaint within the time required by law, the plaintiff.@ will apply to the Court for the relief demanded in the complaint. Herein fail not, and of this summons make due return. IREDELL SUPERIOR COURT Summons for Relief atccasanccons (MAL) wboossoeonase (Sav) Seow amncecesesecnwencsasenncscccenneccnncs (BEAL) accnnyecsoncnsee (SBAL) Cai ay.... 192... fe 7. named Plaintiff..shall pay the defendant_. all such wee wesewncen eee sewensennnceceesennenccese (MBL) —_ _ = _By. delivering @ cepy.of the summons _snd_compleint on David L, Brown, <..-...---........maketh oath that he is a resident of <......County, North Carolina, and worth TWO HUNDRED dollars over and above all his , if the within exemptions allowed by law. #\ aX as 3 i 3 ; : z = 5 192.4. Clerk Superior Court and each of us, acknowledge ourselves bound unto the Defendant.. herein named in this action in the ae ties and legal We, sum of two hundred dollars, to be void, however costs as the Defendant.. may recover of the | North Carolina, In the Superior Court, | Iredell Sounty, May 29th, 1929. tf. ¥. Brown, David L. Brown, Stockholders of the defendant Company, in behalf of themgelves, whether stockholders or creditors , Of the T,. HN. Brown & Sons, who may join in this proceeding. -Vs— | #. NH. Brown & Sons. The plaintiffs, complaining of the defendant, allege: FIRST. That the defendant, 7. N.- Brown & Son, is a corporation chartered under the laws of the State of North Carolina ani has its principal office and place of business in the city of Statesville, HN. O. and is engaged in carrying on the business of the retail of sport goods, hardware, harness, and other articles of hardware of the usual | acceptation of that term and use at the time hereinafter mentioned so engaged and that the plaintiffs are stockholders in said corporation. SECOND. That the defendant is heavily indebted and its debts and liabilities are believed to aggregate about the sum of Seven Thousand Five Hunired Dollars ($7,500.00), practically all of which are now due; | that said intebtedness is due various parties who are demanding payment of the same and that the defendant is without funds with which to pay seid indebtedness and is not in position to convert its assets into money with which to meet its obligations. THIRD. That the assets of the defendant corporation probably | aggregate some Bight or Nine Thousand Dollars; that on account of the large indebtedness of the defendant corporation as alleged aforesaid, and | the nature of its assess and to the fact that its debts are now dus and | to other complications, it is not practicable for the defendant to contime | to operate its business, | FOURTH. That the defendant is in imminent danger of insolvency, | and in fect is insolvent, and that its credit is seriously impaired and its creditors are threatening to bring suit and that it is necessary for a \\ | \ : v | | “ | Reoesver to be appointed in order to preserve the assets to the benefit of the Greditors and stockholders and that the funds arising from the sale | of its assets may be equitably distributed among its creditors entitled to | FIFTH. That is is impractical, under the present financial | gon@ition of the @éfendant, for it to contime its business and that it is | te the interest of all persons, creditors and stockholders, that the assets | of the defendant corporation be put under the protection of the Court and | administered by the Court, to the end that the seme may be distributed equitably, with due regard to all parties interested. SIXTH, ‘hat summons has been duly issued in this action and is in process of service. | WHEREFORE, the plaintiffs respectfully pray for a decree that | sata corporation be judged insolvent or in imminent danger of insolvency, and theta Receiver be appointed by the Court to take charge of all the | property and effects of the defendant corporation, and to hold and administer the seme under the direction of the Court, and secon for sush | ether and further relief as the Court may deem just, amd for the costs of (Bere. Attorney for Plaintiffs. ®, EH. Brown, one of the plaintiffs, being duly sworn deposes and | says that the foregoing complaint is true of his own knowledge, except as | ¢o matters ami things stated upon information and belief ani as to those | matters and things, he believes it to be true. Tibor \ | Subscribed and sworn te before me, | North Carolina, In the Superior Court, | Iredell County. May 29, 1929. |. H, Brown, ot al -Ye~ ORDER APPOINTING TEMPORARY RECEIVER. | 2. H, Brown & Sons. Upon consideration of the complaint in the above entitled action, duly verified and treated as an affidavit, it appears to the Court that | good cause has been shown for the sppointment of « Receiver to look after the assets, property ani effects of the defendant corporation: WHEREFORE, upon motion of Adams & Dearman, Attorneys for the | plaintiffs, it is ordered, decreed and adjudged by the Court that 0. H. Dearman be, and he is hereby appointed temporary Receiver of all the property, } assets and effects of the defendant corporation, T. HN. Brown & Sons, and | upom the execution and filing with the Clerk of this Oourt of « bond in the usual form of Receiver's bonis, with good and sufficient security, to be QO approved by the Court in the penal sum of $ Sopp os conditioned for | the faithful performance tf said Receiver of the duties imposed upon hin, the said Receiver is hereby authorised and directed to take charge of the | property, assets and effects of the said T, H. Brown & Sons, the defendant | Corporation, ami to hold the same subject to the further ormiers of the ee | Oourt anf to continue to operate the business of the said corporation until farther orders of the Oeurt. The defendants ani others interested, are motified to show cause before His Honor, John M. Oglesby, at Chambers in the Gourt House of Cabarrus Oounty on the 17th day of dune, 1929, why said receivership should not be made permanent. That summons and substance of this order be published as requived by law. | North Carobina, In the Saperior Court. Iredell County. | f. i, Brown, et al ’ -¥s- } NOTICE TO CREDITORS ' @. N, Brown & Sous } TO ALL STOCKHOLDERS, CREDITORS, DEALERS AND OTHERS INTERESTED IN THE | AFFAIRS OF THE T. NH. BROWN & SONS: | You and each of you are hereby notified that the above entitled action has been instituted in the Superior Court of Iredell County and that gummons has been issued therein and that service of the same has been duly made on the 29th day of May, 1929 and THIRTY DAYS is allowed from that date within which to answer the complaint of the plaintiffs, said complaint having been filed with the Olerk of the Superior Court of said County; and any person interested as stockholder, creditor, dealer, claimant or otherwise in the affairs of said Company may appear, make themielves* parties, prove claim, or take some other action as they may be advised. GC. He Dearman has been appointed temporary Receiver of all property, assets ani effects of the defendant company; and you are hereby notified that you may show cause, if any you have, why the receivership should not be made permanent before His Honor, John M. Oglesby, Resident Jaige of the 15th Judicial District in the Court House of Cabarrus County on th 17th day of June, 1929. Hereof fail not to take due notice. This the 29th day of May, a ;North Carolina, | IN THE SUPERIOR COURT. Iredell County. | May 29, 1929. 'T. N. Brown, et al | Vs. | BOND OF RECEIVER. i. N. Brown & Sons. | } ! | KNOW ALL MEN BY THESE PRESENTS: \} That we C. H. Dearman as principal, and bet a lak, Ph-hx as surety are held firmly bound unto tT. H. 7 Brown & Sons, a corporation, the defendant, in the sum of FIVE THOUSAND DOLLARS ($5,000.00), to the payment of which well and truly to be made we‘ bind ourselves, our executors, administrators, ‘and successors and assigns, firmly by these presents. Signed and sealed; this the 29th day of May, 1929. The condition of the above obligation is such, that “whereas C. H. Dearman the above bounden, bas been appointed | temporary receiver in the above entitled action: Now, therefore, if the said C. H. Dearman shall well and faithfully discharge his | duty as such receiver, then this obligation is to be void; otherwise to remain in full force and effect. | fhe above bond is hereby approved as to form, sufficiently and solvency. This the 29th day | of May, 1929. of Iredell County. | North Carolina, | In the Superior Court. Iredell County. | June 17, 1929. T. N. Brown, et al. i 1 Vs. | ORDER APPOINTING PERMANENT RECEIVER 1 T. N. Brown & Sons, Inc. THIS CAUSE coming on to be heard, pursuant to a former order in this cause, to show cause by the Receivership / heretofore decreed should not be made permanent: And it appearing to the Court, that the defendant is so greatly embarrassed that it cannot sucessfully carry on its business, and | ehat it is in eminent danger of insolvency, if not already insolvent, and that the number of debts now due upon which suits are threatening, and the defendant having failed to show cause, why the’ Temporary Receivership should not be made permanent: NOW THEREFORE it is ordered, adjudged and decreed ‘by the Court, that the receivership heretofore decreed, by an order’ in this action, be and the same is hereby made permanent. | IT IS FURTHER ORDERED, that C. H. Dearman be and he is hereby appointed permanent receiver of all the properties and effects of the defendant, with all the rights and powers invested ) in Receivers of Corporations by the Laws of this State; which | orger is heréby made immediately effective. The Bond given ! as Temporary Receiver to be effective as Permanent Receiver, as | Per terms of said Bond, which has been approved by the Clerk of | | this Court. r \ Within ten days, publish in the Statesville Daily, a newspaper IT IS FURTHER ORDERED, that said Receiver shall | printed and edited in Statesville, N. C. for once a week for four | | | successive weeks, a notice to all creditors, claimants, stockholders | ana parties interested in the T. N. Brown & Sons, the defendant, | |to present all claims they may have of any character whatsoever, r jagainst the said T. N. Brown & Sons, together with a statement of jthe securities, the priorities claimed; which claims shall be presented on or before the first day of January, 1929, or the | seme will be barred from participating in the distribution of the assets of said defendant. Within ten days after the first jof January, 1929, the Receiver shall make a report to the Court jot a list of all claims general or preferred, and the assets of | said defendant, which have been sold and converted into cash. ! Said Receiver is authorized and empowered, as | | provided by Law, to collect all open accounts, notes, and all jevidence of indebtedness due the said T. N. Brown & Sons, and to |sell and dispose of all the properties, stock, merchandise, lmterials, instruments of said T. N. Brown & Sons, at public | jor private sale, by retail or as a whole for Cash, within the i} |diseretion of said Receiver, and make report of his sale or isales to the Court, together with his accounting as required by | the Statutes. This cause retained for further orders. : ' North Carolina, | } In the Superior Court | Iredell County. | T. N. Brown et al | { Vs. ORDER CONFIRMING SALE I T. N. Brown & Sons | This cause coming on to be heard, and being | heard before his honor, Judge John M. Ogelsby, upon the foregoing | Report of Sale of C. H. Dearman, Receiver of the T. N. Brown & I Sons; It is hereby ordered, adjudged and decreed that the sale of the stock of goods, merchandise, fixtures, unsecured ! open accounts of the T. N. Brown & Sons to T. N. Brown and Dévid 1. Brown, former stock holders of the T. 1. Brown & Sons, | for Twenty Six Hundred Seventy Five & No/100 Dollars ($2675.00) be, and is hereby in all respects confirmed. Judge 15tY#\Judicial of North | North Carolina, | | In the Superior Court | Iredell County. | } T. N. Brown et al : Vs. REPORT OF SALE | | T, N. Brown & Sons. The undersigned receiver, persuant to the order appointing him permanent receiver, hereby submits the sale of goods, merchandise, open accounts, with the exception | of the aceounts of the Virginia Carolina Chemical Company, | which are secured, and all other properties of the T. N. Brown | & Sons to T. N. Brown and David L. Brown, former stock holders of the T. N. Brown & Sons, and respectively recommends that this sale be confirmed. The receiver further states that parties from @ number of the surrounding towns including Charlotte, Shelby, Monroe and North Wilkesboro would not offer more than Fifteen Hundred & No/100 Dollars ($1500.00) for the entire stock of goods. Believing this to be an insufficient price, the receiver requested that written bids be submitted, and the stock of goods, fixtures, etc., would be sold to the highest bidder. The bidding was started at twenty five per cent (25%) of the inventory price on June 29th, 1929, and continued until the 9th day of July, 1929, and T. N, Brown and David L. Brown were the highest bidders. After the order appointing the undersigned permanent receiver on June 17th, 1929, he sold certain articles of merchandise at the inventory price, and also collected a small part of the open account, which was not.included in the final sale of Twenty Six Hundred Seventy Five & No/100 Dollars ($2675.00). In the opinion of the receiver, the price | received is a just and fair price considering the general | business and financial conditions of this community. ' ™e receiver has discussed the matter at length with the ‘ attorneys at this bar who represent creditors, and it is also _the opinion of these attorneys that the highest bid received is a fair price. The undersigned respectively recommends on these facts that the sale be confirmed. This the JAF, day of July, 1929. ° Dearman , Receiver, T. N. Brown & Sons. North Caroline, | IN THE SUPERIOR COURT | Iredell County. | January Term 1950 T. N. Brown, David L. ] Brown, Stockholders of j the Defendant Company in l behalf of themselves whether j Stockholders or Creditors of the | T. N. Brown & Sons who may join | in this proceeding against T. N. | Brown & Sons. 1 TO THE SUPERIOR COURT OF IREDELL COUNTY: C. H. Dearmen, Receiver of the T. N. Brown & Sons herewith makes @ Final Report to the court, reporting that all the assets of the Defendant Company have been collected and disbursed in compliance and in ‘accordance with the orders of the court heretofore mde in this proceeding. RECEIPTS TO DATE (Date of Deposit - ‘ © .May 31, 1929 Cash in cash drawer on date of receivership ,7ume 10,1929 Cash from cash drawer June 10,1929 Collection of Tom Affleck account June 13,1929 Collection of Sam Tomlin account, (bad check) July 11,1929 Sale of Stock of Goods, fixtures, ete July 29,1929 Sale of miscellaneous articles July 29,1929 Collections: Barium Springs Orphanage account Zz. ¥. Carlton Monroe Adams July 30,1929 Collection B. L. Brown (gun club) Nov. 16,1929 Check received from N. U. Matual Fire Association Nov. 16,1929 D. L. Brown note Jan. 7, 19530 Payment on D. L. Brown note Jan. 23,1930 Payment in full D. L. Brown note Total The receiver herewith reperts to the court the following expenses, preferred claims and taxes, all of which it was necessary to pay in full: Date June 27, 1929 Miss Pearl Echerd, Stemographic services July 9, 1929 Miss Pearl Echerd, Stenographic services fuly 29, 1929 J. W. Hager rent from date of receivership to date of sale of stock of mrchendise July $0, 1929 Allen Brom, labor 233 B38 July 30, T. N. Brown, labor July 30, D. L. Brown, labor Oct. 22, J. L. Sherrill, sheriff, 1928 county tex Nov. 8, Statesville Realty & Investment Co. payment of receiver's bond. Nov. 16, City of Statesville, city tax for 1929 Nov. 25, J. L. Sherrill, sheriff, 1929 county tex Nov. 8, Statesville Daily, Advertising, summons, order, etc. Nov. 16, City of Statesville, 1928 city tax Feb. l, Miss Mary Lou Boggs, Stenographic Services Feb. 1, Court Cost ~ Rox * > ca to Cre e “88 $8388 -~ te Total . * Pursuant to ore ast hy this proceed he receiver, Trot ena hy onde disbur having collected all assets, hereby rents, a nts to the common and unsecured creditors of 22%, which a a first and final dividend in the matter: ag flrs = Name of Creditor Address Amt. of Claim 22% Dividend American Hardware & Equipment Co. Charlotte, N. C. $168.75 $37 .15 Adams Net & Twine Co. 701-703 N. 8nd ® 31.19 6.86 St, Houten }.o. American Ges Machine Co. 78 Reade St., New 103.73 22.82 York Mrs. Ida Apple Warsaw, N.C. 8.25 1.82 Brooks Shoe Mfg. Co. Grier & Grier, City 78.40 17.25 Bike-Webb Mfg. Co. 2500 S&S. Dearborn 11.81 2.60 St. Chieago, Ill. Burlington Basket Co. Grier & Grier, City 8.40 1.85 Boye & Needle Co. i » ° 38.10 Beacon-Falls Rubber Co. ° . ad 49.06 Beam Printing Co. City 3.00 G. H. Bass & Co. Watior 4L eT 80 Federal Bldg., 137.81 Boston, Mass. T. N. Brown City 211.80 D. L. Brown City 287 .00 Benj. T. Crump Co. % Edward S21 N. Shepherd 90.77 E. Henkle Co. St. Richmond, Va. G. B. Gonkey Co. Grier & Grier, City 8.19 Chicago Roller Skate Co. + ° 30.60 Carolina Luggage Co. Greensboro, N. C. 6.22 Caroline Sporting Goods Co. % Credit Interchange & Adj. Co. Box 1267, Charlotte, 65.32 N.C, Coleman Lamp & Stove Co. Grier & Grier, City 54.09 City of Statesville City 23.28 Dayton Steel Racquet Co. Grier & Grier, City 26.54 Flex-0-Glass Mfg. Co. Adams & Dearman 11.41 B. FF. Gladding & Co. South Oteelic,N.Y. 19.82 Gephart Mfg. Co. 224 ¥. 111 8t., 38.41 Chicago, Ill. Glasglow-Allison Co, 216 N. College St., 286.27 Charlotte, N. ¢, Gray & Creech Hanna Mfg.. Co. Horrocks-Ibbotson % Credit Interchange & Adj. Co. Hoeft & Company Holland Bros. Hickory Tannery J. W. Hager Dr. Hess & Clark Harris-Flippin Co. Johnson Motor Co. Jerome B. Rice Seed Co. Kinnier-Montgomery & Co. Dr. L. D. LeGear Medicine -Co. Meridian Knife Co. Monroe Hardware Co. Myers Hardware & Sporting Goods Co. A. C. McHargue National Lead Co. L. Oppleman Protection Products Co. Piscataway Hosiery Mill Penn Rubber Co. Polk-Miller Products Corporation Walter C. Ratcliffe Slate Seed Co. Supplee-Biddle Hardware Co. Stratton-Terstegge % Credit Interchange & Adj. Co. Statesville Grocery Co. Southern 01il & Supply Co. Southern Telephone & Telegraph Co. Southern Tin Co. Shumate Cutlery Co. Standard 0il Co. Shakespeare Company Statesville Hardware Co. Shapleigh Hardware Co. Statesville Commercial Co. 4. G. Spaulding & Bro. Star Milling Co. Eéwerd K. Tryon Co. Thompson & Fox Union Cutlery Co. Virginie-Carolina Hardware Co. Virginie-Carolina Chemical Corp. The A. Wilhelm Company Wallace Bros. James A, Wiebens Walter S. Wilson T. W. Wood & Sons Young Drug Co. Wins ton-Salem,N.C. Athens, Ga. Box 1267, Charlotte, N.C, Grier & Grier, City City Hickory, N. C. Scott & Collier,City Grier & Grier, City Richmond, Va. Waukegan, Ill. Adams & Dearman ,City Grier & Grier, City St. Louis, Mo. Grier & Grier, City Monroe, N. C. 18 E. Trade St., Charlotte, N. ¢. City Grier & Grier, City Lynchburg, Va. Grier & Grier, City 22-24 Prospect St., Newark, N. J. Adams & Dearman, City Richmond, Va. Adams & Dearman E. M. Land, City Philedelphie, Pa. Box 1267, Charlotte, N.C, City Randleman, N.C. City City St. Louis, ko. Charlotte, N.C, Grier & Grier, City City St. Louis, Mo. City Grier & Grier, City City Grier & Grier, City Skowhegan 4 Maine Olean, N. Y. Grier & Grier, City Greensboro, N. ©. Reading, Pa. City one #6, Greenville, Shelbyville, Ind. Richmond, Va. Charlotte, N. C. Total $112.00 62.70 272.00 26.25 10.00 403.61 320.00 124.78 170,15 100.18 31.19 131.60 19.20 20.25 399.39 110.49 7.90 873.53 35.00 7.56 72.60 25.83 2.72 ES Bo 2SaR as ss v a ara By S$ S&she a bad: ¢ ee: ce a RECEIPTS Total amount of receipts $2,814.21 DISBURSEMENTS Preferred claims, taxes, etc Com. on total receipts of $2,814.21 Com. on Disbursements $2,475.50 (about 3 1/34) Monroe Adams, Attorney fee Dividend to common creditors 22% on $8,409.52 - $2,814.21 $2,614.21 All of which is respectfully submitted to the court this the let day of February, 1950. - N. Brown & Sons. North Carolina, | IN THE SUPERIOR COURT 1 Iredell County. | January Term 1930. T. N. Brown, David L. Brow, Stockholders of the Gefendant company, in behalf of tiemelves, whether stockholders or creditors of the T. N. Brown & Sons who my join in this proceeding against the T. N. Brown & Sons. ag This cause coming on to be heard before the undersigned judge presiding at Statesville, North Carolina, and holding courts of the 15th Judicial District, and it appearing to the court that the receiver heretofore appointed in this action has collected all the assets of the defendant company and has disbursed all of the said ekcots of the T. N. Brown & Sons, a corporation, with its principal office and place of business in rs 5 City of Statesville, North Carolina, and it further appearing. receiver has complied with all the orders of the court heretofore mde in this proceed ing. It is therefore considered, ordered and adjudged that the receiver be, and he is hereby discharged; and it is further ordered that the T. N. Brown & Sons be dissolved and that a copy of this order be certified to the Secretary of State be enrolled in his records for Dissolution of Corporations. siding 15th Judicial District. Rigeieeerenere Ty North Carolina, Iredell County. Know all men by these presents, that I, C. H. " Dearman, Receiver, T. N. Brown & Sons, of Iredell County end State aforesaid, has this the 10th day of July, 1929, in consideration of Twenty Six Hundred Seventy Five & No /100 Dollars ($2675.00) to him paid by T. N. Brown and David lL. Brown, of said county and state, bargained, sold and delivered to the said T. N. Brown and David L. Brown the following personal property: All of the stock of goods, fixtures, machinery, open accounts in the amount of Sixteen Hundred Twenty One & 74/100 ($1621.74), and other property belonging to the T. N. Brown & Sons, Inc. It is expressly understood between " the parties that this bill of sale does not cover any fertilizer ) accounts of the T. N. Brown & Sons which have been assigned to the Virginia Carolina Chemical Corporation, Greensboro, HN. G., | which accounts have been assigned back to T. N. Brown or T. N. Brown & Sons for collection. To have and to hold the said property unto the said T. N. Brown and David L. Brown, their executors, administrators ' and assigns, and said C. H. Dearman, Receiver, warrants the title hereby given to be good and indefeasible. Witness. N. Brown & Sons, Ine Page 1 INVENTORY - T. N. BROWN & SONS, STATESVILLE, WN. 0. SPORT GOODS set golf clubs @ $14.50 golf bag @ $2.75 outing basket @ $3.90 outing basket @ $4.50 punching bag rack @ $3.00 golf club 6 $1.50 golf clubs © $1.00 club @ $4.00 golf club . @ $2.60 golf club @ $1.00 golf club @ $2.00 golf club @ $1.25 golf club @ $4.35 golf club @ $2.00 golf clubs @ $5.50 golf club G $1.75 golf club @ $5.75 golf club @ $3.60 golf club @ $1.15 golf clubs @ $5.00 golf club 6 H4.25 Carrum board @ $2.50 pr. white duck pants @ $2.50 temis racket @ $5.40 tennis racket @ $2.00 femnis racket @ $2.25 Brought forward 1 Pennis racket cover 1 Tennis racket cover 16 bats 2 bats 1 bat 1 dat 28 bats 11 bats 1 mit 1 glove 1 glove 1 mit 1 glove 1 glove 1 glove 1 glove 1 glove 1 glove 2 mits ‘1 glove @he glove 2 gloves 1 glove 1 set boxing gloves 1 basket ball 1 foot ball 1 basket ball 1 basket ball 1 foot ball Brought forwarded 1 foot ball @ $5.00 10 basket ball tubes @ $.60 7 basket balls @ $.75 1l Tennis balls @ $4.50 per doz. 10 base balls @ $14.40 1 basket ball @ $5.00 1 basket ball @ $5.00 l punching bag @ $2.00 1 punching bag @ $2.50 1 box tees @ $2.50 3 pre knee pads @ $.50 3 prs. shoe spikes @ $.124 2 whistles @ $.15 4 baseball belts @ $.50 3 pr. golf socks @ $.95 1 punching bag @ $2.00 1 Jersey @ $4.2 3 pr. ankle braces @ $.90 5 prs. ankle braces @ $.50 & spring exercisers @ $.85 5 athletic straps @ $.25 1 mit @ $2.50 4 pre baseball @ $.75 1 minnow seine @ $.90 6 pe) baseball te @ $65 5 pre baseball @ $.75 2 pre baseball @ $.50 2 pre baseball socks @ $.75 | 12 athletic shirts @ $4.00 per doz. Total Brought forward 2 Jerseys 12 athletic trunks 8 sweat shirts 5 athletic shirts 8 pr. socks 6 pre socks 4 pr. socks 1 glove 1 mit 1 glove 2 gloves 1 glove 2 game sets 1 mit mit glove glove glove 1 1 1 2 gloves 1 1 glove 2 gloves 1 gleve 1 glove 1 glove 1 glove 1 glove 2 gloves @ $.75 @ $4.00 per dos. @ $10.50 per dos. @ $.40 @ 3.3 @ $.25 @ $,35 @ $2.00 @ $2.75 @ %.75 @ $4.00 @ $2.25 @ $.60 @ $2.25 @ $2.00 @ $1.75 @ $1.10 @ $5.35 @ $3.05 @ $3.% @ $2.40 @ $3.05 @ $.65 @ $2.75 @ $2.00 @ $4.60 @ $2.25 Total Brought forward 1 glove 1 glove 1 glove 1 glove 1 glove 1 mit 1 basket ball 1 basket ball 1 foot ball 11 sweat shirts 3 Katnips 3 toy radios 1 minnow seine 1 game board 10 pr. baseball shoes 2 minnow seines 1 pr. baseball shoes 3 pr. baseball shoes 3 pr. baseball shoes 3 pr. baseball shoes 2 pr. golf shoes 1 fish net 1 reel 2 reels 1 rod 2 rea t 1 rod Brought forward 1 reel 1 basket ball net 400 fish hooks 2 doz. fish hooks 400 fish hooks 8 pkgs. fish hooks ' 300 / 200 ' 900 fish hooks fish hooks fish hooks fish hooks fish hooks fish hooks fish hooks 10 broken bxs. 100 200 fish hooks fish hooks fish sinkers @ $2.75 @ $,30 @ $.13 per @ $.25 per @ $.75 per @ $.10 per @ $.70 per @ $.60 per @ $.40 per @ $.30 per @ $.25 per @ $.70 per @ $.15 per @ $.20 per @ $.85 per @$.B0 per 1 fish reel @ $7.00 1 fish reel @ $2.10 1 fish reel @ $.50 1 fish reel @ $2.00 1 fish reel @ $4.00 @ $1.75 @ $.40 per pke. @ $.12¢ per pkg. 1 fish reel 40 pkgs. fish hooks 63 pkgs. fish hooks feckhes ( suniry) 3S gross sinkers @ $.70 per gross 5 gross sinkers @ $.90 Total | ' Brought forward o ,F tw 5 4 4 3 1 1 1 4 1 2 1 1 1 2 1 3 ia 3 8 9 ia 4 gross sinkers gross sinkers spools fish line spools fish line spools fish line spools fish line spools fish line spools fish line reel repair kit reel reel and jine toy airpplanes reel reels reel reel reel reel reel spools line spools line spools line first aid kit speol fish line | 36 casting bates lt @ spinners @ $1.35 per gross @ $.55 per gross @ $.90 per spool @ $.90 per spool @ $1.05 per spool @ $1.00 per spool @ $1.00 per spool @ $1.20 per spool @ $3.00 @ $2/70 @ $4.50 @ $8.00 @ $4500 @ $4.25 @ $6.00 @ $3.00 e $1.60 @ $4.00 @ $5.75 @ $1.65 @ $4.50 @ $.65 @ $.43 @ $.55 @ $5.00 @ $.75 @ $.66 @ $.50 Total Brought forward 7 jointed bates 3 fish reels 1 fish net 2 dos. fish lines 1 dos. fish lines 2-2/3 dos. fish lines 1-3/4 doz. fish lines 6 dos. floats 2 dos. floats 3 doz. floats 2 fish stringers 2% dos. fish hooks 6 doz. fish Beels & fish scales 32 pkgs. fish hooks 2 spvools line 3 doz. spools fish line 1 pair boots 3 landing nets 1 landing net 1 pr. taseball shoes 7 prs. tennis shoes 7 pr. temmis shoes 3 pr. temis shoes 1 Carrum Board 4 pr. temis shoes 2 pr. tennis shoes 10 pr. Témnis echoes 1 pre temnis shoes 2 pre tennis shoes @ $.85 @ $5.00 @ $1.05 @ $1.50 per doz. @ $.55 will doz. @ $.65 . doz. @ $.80 per dos. @ $.75 per dos. @ $.75 per doz. e $1.25 per doze @ $.50 each @ $1.00 per doz. @ $.40 per doz. @ $.15 @ $.10 per pkg. @ $2.00 per spool @ $.14 per dos. @ $2.25 @ $.50 @ $1.60 @ $1.95 per pr. @ $1.50 per pr. @ $2.40 per pr. @ $2.65 per pr. @ $4.25 @ $1.45 per pr. @ $2.00 per pr. @ $1.35 per pr. @ $1.05 per pr. & $.90 per pr, Total $ 752.59 5.95 15.00 1.05 3.00 055 1.73 1.40 Brought forward 2 prs. Temnis shoes 3 pr. temnis shoes 1 pr. tennisshoes l pr. temis shoes 8 prs. temis shoes 4 prs. tennis shoes 9 -prs. tennis shoes 1 pr. tennis shoes 1 pr. temish shoes 1 pr. tennis shoes 4 pr. tennis shoes 4 pre tennis shoes 9 prs. tennis shoes 11 prs. tennis shoes 2 prs. tennis shoes 1 pr. tennis shoes 2 prs. temmis shoes 2 pre. temis shoes 2 prs. tennis shoes 1 pr. tennis shoes 2 prs. tennis shoes 1 pr. skates S prs. skates 6 prs. skates 5 pre. skates 4 pra, foot ball shoes 5 prs. boys shoes 2 pr. shoes 1 pr. golf shoes 1 pre golf shoes $077.39 @ $1.50 per pr. 3.00 @ $.90 per pr. 2.90 @ $1.00 per pr. 1.00 c $1.88 per pre 1.35 @ $.65 per pr. 5.20 @ $1.25 per pr. 5.00 @ $1.50 per pair 13.50 @ $.65 per palit 065 @ $1.65 per pair @ $2.25 per pr. @ $1.35 per pr. @ $2.50 per pr. @ $1.3 per pr. @ $.85 per pr. @ $1.50 per pt. @ $2.00 per pr. @ $1.45 per pr. @ $.90 per pr. @ $2.40 per pr. @ $1.00 per pr. @ $.90 per pr. eH. @ $.90 @ 41.50 pr. @ $1.25 per pr. @ $3.65 per pr. @ $2.00 per pr. @ $5.25 per pr. @ $4.65 per pr. @ $2.75 per pr- Total Brought forward 2 prs. boots | 2 pre boots 3 prse shoes 2 prse shoes 1 pr. shoes 1 pr. shoes 2 fish traps 1 minnow bucket 1 mimow bucket 1 minnow bucket 1 minnow | 1 minnow 1 minnow 1 minnow 1 minnow 2 minnow 2 minnow 2 minnow ,_ 1 minnow bucket 6 tennis nets , 1 tennisnet | 2 tennis net 2 tennis nets 1 tennis net | 1 bunting coat | 1 bunting coat | 2 bknting coat | 1 bunting coat 2 hunting coats \ 2 gun cases @ $8.55 per pr. @ $9.25 per pr. @ $4.50 per ies ¢ $2.75 per pre @ $6.40 per pr. e $2.40 per pr. @ $.35 each @ $1.56 @ $1.85 @ $1.20 @ $2.17 @ $1.80 @ $1.80 @ $1.85 @ $1.60 @ $.90 each @ $3.50 each @ $.85 each @ $.90 @ $2.50 each “@ $3.40 @ $3.00 @ $2.00 @ $3.40 eH. @ $3.% @ $2.50 @ 4.50 @ $3.50 each @ $1.25 each fotel $1026.69 17.10 18.50 13.50 5.50 6.40 2.40 °70 1.58 1.85 1.0 2.17 1.80 1.80 1.85 1.60 1.80 7.00 1.70 090 Brought forward 1 gun case c 1.2 2 gun cases @ $1.50 2 gun cases @ $1.00 each 1 shell belt @ $.75 rifle @ $20.00 secom hand Remington pump @ $20.50 Bay State Single gun @ $6.00 @ $6.57 Slean gun @ $14.50 : Peerless gun @ $15.30 pingle guns @ $6.00 each secom hani Winchester pump @ $25.00 Peerless gun @ $15.5 Ithica Gun @ $26.50 slightly used Ithica gun @ $22.50 Riverside gun @ $12.50 Ithica gun (seoand hand) @ $22.50 Batavia gun @ $21.00 Remmington air rifle @ $5.00 second hand hammer gun @ $3.00 single barrel guns @ $6.00 each second hand L. 0.8mith gun @ $16.00 hemmer gun @ $15.00 1 1 1 1 Bf 1 2 1 1 i 1 1 1 a i 1 4 i 1 1 extra barrel @ $18.50 1 L.0,8mith hammer gun @ $20.00 { $2.50 paid by A. FP. Kennedy) 29 casting bates @ $.60 each 1 mimnow trap @ $.35 1 reel @ $5.00 | Total - Brought forward $1543.61 1 rod | 6.00 1 rod 1.25 1 rod | 2.00 I 2,28 1.25 5.00 4.00 1.00 1.00 6.00 1.00 2.75 red 9.00 reel rod rod rod rod rod rod 1 1 1 i 1 1 1 1 1 1 1 1 1 1 i 1 i rod 19 drinking cups 1 bate 5 bates 1 bate 6 reel sets 6 spools silk thread Line Brought forward $1622.06 , 3 whet rooks @ $.30 +90 lines @ $.95 3.80 fish knives @ $.30 2.10 spools line @ $.55 1.10 spools line @ $.95 6.65 spools line @ $1.50 6.00 spool line @ $2.00 spool line @ $1.25 spool line @ $.75 spool line @ $.50 spool line @ $1.00 spool line @ $.90 spools line @ $.10 | 4 7 2 7 4 i 1 1 1 i i 2 | 2 spool line @ $.40 1 dos. lines @ $.20 per line 10 lines @ $.20 each | # spools line @ $.18 per spool 11 bunches line @ $.15 per bunch 11 bunches line @ $.10 per bunch 6 lines @ $.07 per line 9 lines @ $.2 each 6 lines @ $.05 each 4 bates @ $.60 7 bates @ $.10 each 4 floats @ $.15 each 3 Ddoats @ $.15 each 2 floats @ $.20 each 16 dos. fish lines @ $.15 per dos. 500 fish hooks @ $.16 per loo Totel Brought forward 10 floats 8 floats 2 cork line 3 floats 78 guides 8 bottles pork rind bate 1 reel 1 reel reel reel trout leaders fish scales 1 bate 2 fly hooks 4 spools line 11 cards line 1 bate 6 spimers 11 flys 39 trout flys Oe dos. flys 3 Trout bugs 4 worm boxes 1 reel 3 leaders 2 fish lines 1 fish line 16 bass flys 12 bass flys @ $.06 @ $.07 @ $.65 @ $.10 @ $.15 @ $.20 @ $5.00 each @ $3.00 @ $.56 each @ $7.00 @ $1.65 @ $.16 each @ $.50 @ $.60 @ $.50 @ $1.20 each @ $.75 each @ $.20 @ $.10 each @.14 each @ $.05 each a $.40 per dos. @ $.30 each @ $.10 each @ $5.00 @ $.10 each @ $.50 each @ $.65 each @$.50 cach & $.50 each fotal Brought forward 2 bass flys ll trout flys 4 bugs : 3 flys 16 bates 8 skainners 7 flys 28 flys 22 flys 2 crawfishes 2 bates 5 bates 6 baseballs ” baseballs 5 baseballs 5 shirts 7 boys uniforms ll Jerseys 1 pre pants 1 pr. pants 2 pr. pants Q2 pr. pants 1 pr. shoulder peds 1 pr. doys foot ball pants 5 prs. baseball pants 1 pre pants (baseball) 1 pre sliding pads 5 pre hose @ $.23 @ $.18 @ $.50 @ $.14 @ $.60 @ $.09 @ $.16 @ $.10 @ $.15 @ $.63 @ $.30 @ $.40 @ $.6 @ $.15 @ 3.45 @ 3.2 @ $1.00 each @ $1.00 each @ $2.00 @ $1.25 per pair @ $1.00 per pair @$.40 per pair @ $2.00 per pair @ $1.85 per pr. @ $2.10 per pt, @ $2.10 per pr. @ $1.00 per pr. | @ §.50 per pr. Total Brought forward 3 baseball caps 1 pr. hand grips a voley ball 1 glove 3 mit 3 gloves 1 mask 1 pr. dumbells 2 prs. Indian clubs 1 mit 3 prs. goal nets 1 glove 3 glove 2 mits 10 sets checker buttons 1 set Carrum buttons 6 checker boards Watches 10 golf balls 1 dos. galf balls 11 golf bells 5 golf balls 2 golf balls 3 golf balls 3 golf balls 8 golf balls 1 golf ball 4 golf balls 7 golf balls @ $.40 each @ $3.50 @ $2.50 @ $.80 @ $1.75 @ $.50 each @ $2.00 @ $.60 @ $.60 each @ $.90 @ $.90 a pr. @ $1.50 @ £1.60 @ $.70 each @ $.16 a set @ $.55 @ $.33 each @ $.60 each @ $7.00 per dos. @ $.60 each @ $.50 each @ 3.40 each @ $.40 each @ $.60 each @ $.36 cach @ $.50 @ $.2 @ $.55 Total Brought forward 4 golf balls 5B golf balls : 40 pkgs. golf tees 2 golf balls 3 boxes golf balls 1 des, golf balls 1 dos. golf balls 10 balls 6 golf balls 1 gum sling and strap 1 case W. Ranger shells 4 cases W. Ranger shells 1 case sheils 1 ease shells )speed load) 1 case shells 10 boxes shells 1 case shells 15 boxes shells 1 Army rifle | Pepair on gun repair on gun | pepair on gan | repair on gun repair on pistol repair on gun 6 sum shades $1909.18 e $.50 each 2.00 @ $.40 each 2.00 @ $.16 per pkg. 7220 e $.50 each 1.00 @ $4.00 -per box @ $3.25 per doz. @ $3.50 per dos. @ $.30 each @ $.50 each | © $1.50 @ $13.80 @ $13.08 per case @ $15.00 @ $16.70 per case @ $16.42 @ $.68 per box @ $12.50 @ $10.00 Brought forward 6 sun shades 21 baseball bats 22 baseball bats 2 golf club racks ' 1 bbl. clay pigeons 1/3 bol. clay pigeons 3 steel wagons | 2 camp stouis 6 harps 19 harps 1l harps | 1 toy 3 rifle sights S rifle sights 3 kites 6 whistles 12 whistles 2 dog combs Marbles 2 swings 1 swing 1 pre boots 2 pre boots 5 hunting caps 4 bunting caps 2 bunting caps 1 pr. pants 2 pr. pants 2 pre pants 1 pre pants @ $.35 each @ $.30 each @ $.80 each @ 1.25 each @ $6.00 @ $6.00 per dbl. @ $3.90 each @ $.75 each @ $.27 each @ $.17 each @ $.50 @ $1.50 each @ $.90 each @ $.03 each @ $.25 each @ $.30 each @ $.25 each @ $1.00 each @ $2.00 @ %.50 @ $4.50 per pr. @$.75 each @ $.50 cach @ $1.20 each @ $2.00 @ $1.75 each @ $2.75 a pair @ $2. « pair Total $2115.92 2.80 . 6450 17.60 2.50 6.00 Brought forward 1 pr. pants 4 prs. gloves 4 prs. gloves 2 prs. gloves 4 prs. gloves 7 crow calls ‘2 duck calls. 2 cigarette lighters 3 sets guitar strings 9 banjo strings 8 guitar strings 5 rifle eleaners 2 shot gun cleaners 6 duck wile 1 pr. oar locks 97 fish poles 2 boat paddles 1 croquet set 2 fish nets 2 yas. seining cloth @ $2.25 a pr. G $.60 a pr. @ $074 a pair @ $.37% @ pr. 6 $.19 a pr. @ $.50 each @ $.60 @ $.55 @ $.40 @ $.05 @ $.05 @ $.30 @ $.25 @ $.60 @ $.50 @ $.40 @ $.95 each @ $2.50 @ $1.75 each @ $.25 a yd. 1 pr. basket ball goals @ $3.75 10 boxes 12 G. shells 3 boxes G.Ranger & Defiance shells 06.75 a box 11 boxes 12 G. Defiance shells @ $.68 a box Se boxes 12 G. Climax shells @ $75 a box 7 boxes 12 G. (all kinds) @ $.90 1é bx. 12 G, Climax shells e3% 7 flash lights @ $.67 each a $.85 each Totel 19 flash lights , Brought forward flash lights @ $.60 each flash lights @ $.26 each flash lights @ $.50 each flash lights @ $1.25 each flash light @ $1.50 flash light @ $.67 flash lights @ $.85 each flash lights @ $1.25 each K a2 @P FY KF 1S - DT PP flash light @ $.65 16 boxes 20 G. Climax shells @ $.68 a box 11 box. 16 G. High velocity @ $.62 a box 6 boxes 20 G. hgih velocity @ $.82 a box 17 boxes 16 G. Defiance @ $.72 a dox 12 * 16 G. Ajax shells @ $.80 a box 4 boxes 16 G. Climax * @ $.75 a box 2-2/5 Boxes 28 G. Climax shells @ $.80 a box 5-3/4 bxs. 410 G. Climax @ $.53 a box 25-3/4 bxs. 38 S. &. W. Special (Pistol) shells @ $14.56 net 9 bxs. 32 S & W Short (pistol) @ $.36 a box 5 bx. 32834 W long (pistol) @ §.42 a box 4b bx. 25-20 Winchester(pistol)@ $.92 a box 1 box 32 self leaded Winchester (pistel) shells @ $1.06 a box 4 dbxs. 32 short colt — @ $.68 a box 2 bxs. 25 long © $.56 a dex 2 bxs. 22 Automatic @ $.37 a box 1 bx. 32 automatic @ $1.01 « box 1/2 bx. 25 automatic @ $1.00 a box 5 bxus. 22 short @ $.14 a box Total , Brought forward | 6 boxes long shells 1/2 box 25-20 Colt shells 2 bxs. 380 automatic shells 4% boxes 38 automatic * 3 bas. 38 blanks @ $,19 @ vox @ $.46 a box @ $1.75 a dox @ $1.45 a ‘iene @ $.35 a box 1-1/5 bxs. 45 automatic shells @ $1.65 a box 1} brs. 45 S. & W. 1 bx. 44 shért colt shells 3} box 32 short colt shells 2 bus. 41 colt shells | 1 bx. 41 rim fire shells 5 brs. 38 S & W shells 3 bxs. 21 pellets 5 bxs. Primers 3 * Gan caps 1 tackle dex 6 bus. 30 A. Krag shells 6 bes. 30 A. Krag "* 2 bas. 6.5 Mil. Colt 31 boxes Climax Shelis 3 boxes 10 G. Climax shells @ $1.41 a box @ $1.41 a box e $.78 a box @ $.96 a box @ $.50 a box G $.77 a box @ $.70 a box @$.18 a box @ $.12 a box @ $4.00 @ $1.05 a box @ £1.00 a box @ $.75 a box @ $.90 @ $1.10 a box fotal Sport Goods 22 pocket knives 39 pocket knives 9 pocket knives 9 knives 19 pocket knives Brought forward 10 pocket knives @ $.25 each 5 pocket knives @ $.70 each 1 pocket knife @ $6.00 _ 8 pocket knives @ $.60 each 3 pocket knives @ $.90 each 2 pocket knives @ $.50 each 2 pocket knives @ $.65 each 3 pocket knives @ $.40 each 1 knife @ $1.50 9 pocket knives @ $1.00 each 6 pocket knives @ $.6642/5 each 5 pocket knives @ $3.25 a doz. 6 pocket knives @$.55 each 5 pocket knives @ $.55 each 4 pocket knives @ $.50 each 4 pocket knives @ $.39 7 pocket knives @ $.50 23 pocket knives G@ $.28 4 pocket knives @ $.28 3 pocket knives @ $.15 2 prs. scissors 6 $.00 1 pre scissors @ $.90 4 pra. scissors @ $.75 a pair 3 pra. scissors @ $.90 a pr. 1 knife @ $1.00 1 knife @ #1.50 2 knives @ $1.50 each 1 xnife @ $1.75 1 knife @ $1.50 Total Brought forward 1 knife | 1 knife 3 knives 15 clipper springs 3 pr. hair clippers l ‘pr. hair clippers 2 butcher knives 435 knives 6 buteber knives | 3 butcher knives 2 butcher knives 1 pr. clippers 1 pony blanket 1 dog collar 4 deg collars 3 dog cellars 6 deg collars 1 dos. dog collars 60 ft. leather belting 2 trunk straps 12 wrist straps 12 wrist straps 26 bag handles 5 bag handles 2 vag haniles @ $1.50 @ $1.75 @ $1.10 each @ $.05 each @ $2.50 each @ $1.70 @ $,34 each @ $.55 each @ $.34 cach. @ $.50 each @ $.65 each @ $.65 Fotal Cutlery Brought forward 3 saddle girts 2 web straps ” web straps 3S leather straps 5 handle grips 7 poands leather leather 3 bits 5 bits 10 B. Bands 2 cow halters 5 prs. stirrips | 5 pre bits | 4 breast chains 8 hame hooks | 15 hame hooks 6 hame hooks 1 pr. dits 11 snaps ‘13 pre bits ol pre bits 4 prs. bits (2 prs. bits 6 pre. bits r breast chains 4 fr. bits 193. Be snaps | 2 heme straps 3 hame straps @ $.20 @ $.25 @ $.15 « @ $.30 @ $.35 @ $.75 @ $.23 each o $.20 each G $. 1.00 each e $.40 @ pre @ $.30 @ pr. @ $.50 each @ $.05 each @ $.04 each @ $.05 each @ $.25 @ $.03 each @ $.21 each @ $.44 @ $.20 each @ $. 3 each @ $.22 each @ $.30 each @ $.20 each @ $.07 each @ $.25 each @ $.20 each Tetal | Brought forward | 3 hame straps 9 knife cases i2 gun holster 10 prse leather shoe strings | 5 bridles 3 bridles 1 collar 1 collar collar collar 5 collars . 3 second hand collars - 2 prse cable traces S$ doz. collar pads 5 prs. heel chains & pr. trace chains 10 prs. H. Clips 1 set turn backs 1 chain carrier 1 Army saddle (Sec. H.) 1 sec. hand. Buggy harness 1 pr. H. LeacsTracer 10 pr. $166 Weod Hames | 2 prs. #161 Wood Hames 1 pre steele Hames 8 only odd Hames 2 only od4 Buggy Hames 1 sec. hand Breast collar 1 sec. hand Wagon trace | 3 let second hand harness parts @ $.06 each @ $.06 each @ $.75 @ $.10 a pr. @ $175 each @ $1.13 each @ $3.00 @ $2.70 @ $2.40 @ $2.75 $1.40 each @ $1.50 each @ $1.70 each @ $.30 each G $.40 each @ $.60 pair @ $.10 a pr. @ $4.75 a set @ $4.00 @ $5.00 @ $1.75 @ $2.50 @ $1.00 pr. @ $1.00 pr. @ $.75 @ $.25 @ $.12¢ each @ $1.50 @ $.75 Brought forward (1 piece felt (Crump Invoice) 4é doz. 3/4 bolt snaps @ $.65 a doz. 1% doz. 1-1/6 * ° @ $.82 per doz. ‘1/2 doz. 7/8 * ® @ $.65 per dos. 1/4doze lt * * @ $1.11 per doz. 500 12/16 tube rivets @ $1.50 per 1000 500 9/16 * * @ $.90 per 1000 19000 8/16 * " @ $.90 per 1000 1000 6fieé * =. @ $.75 per 1000 6k # Lea 60¢ @ $.60 8 # Lea @ $.35 each 5 # Lee @ $.40 2 set Lea Tracer( Unfinished). & $5.00 1/3/4 doz. #150 ~15 Rudder Joys @ $3 1/5 dos. 1 * * ' * 6.35 4 dos. 7/8 ° " @.30 per dos. \1t dos. 1¢ * " @ $.63 5 dos. 8/4 Nic buckles @ $.25 per doz. 1 dos. Joys 3/4 @ $.75 per doz. 2/8 doz. 5/6 joys @ $.20 per doz. 1dos.1/2 * @ $.10 per doz. B dos. # 93- 13 @ $.40 per doz. 1 dos. # 95- 5/8 @ $.20 per dos. 1 let Asst. Loops a dos. 1" # 50 buckles @ $.15 per dos. 'l dos. buckhes (asst.) 1 lot (several gross) asst. buckles .llet bench tools 20 harness hangers @ $.05 each Total Brought forward 8 second hand collars (Coach) | 275 Nic and brass letters 2 reins 18 whips 4 whips 4 whips 9 whips 8 whips 5 whips 1 whip 1 hand rivet machine 1/2 gross 1" buckles 2 gross dees @ $.50 @ $.02 e #50 @ $.15 @ $.50 @ $.47 @ $.45 @ $.34 @ $.25 @ $.30 @ $2.40 per gross @ $1.20 per gross Total Harness SEEDS AND POULTRY SUPPLIES 6 buckets tonic 2 vbarrells tonic 1 bucket worm powder 3-2/3 dog salt bricks 45 lbs. starter mash 4 bags dog feed 1 bag grass seed 2 bags grass seed 2 bottels fertilizer pf . | 1 broken buckettonic |1 barrel fly chaser | 800 poultry bands \6 1/2 gal. fly chaser @ $2.00 per bucket @ $7.20 per barrell @ $4.50 per bucket @ $2.00 each @ $04 per lb. @ $4.65 per bag @ $1.00 per beg @ $.67 per bag @ $.28 per bottel o 1.40 @ $41.00 per barrel @ $.65 per 100 @ $.62¢ each Ptal Brought forward 16 gal. fly chaser 2 loo 1b. barrels tonic 5 25 lb. pails tonic 36 pkgs. (5 1b.) panaca (25 5 1b. pkgs. panacea ' 3-5 lb. T. 0 6 25¢ pkgs. louse killer 2 pkgs. revenge louse * 21 pkgs. 25¢ tonic 5 pkgs» worm powder » 2 pkgs. worm powder 6 pkgs. $1.50 tonic ' 2 75¢ tonic 21 pkgs. B0¢ tonic ° | 1l pkgs. Hess Dioreah tablets | 21 pkgs. Roup tablets _ 8 pkgs. Hog tonic 7 gal. Hess Dip 9 cans dip 6 cans dip 14 pkgs. poultry tablets 5 os. lettuce seeds 17 lbs. beet seeds 15 lbs. pea seeds 6 lbs. mustard seed 2 os. celery seed @ $1.00 per @l. @ $7.20 per barrel @ $2.00 per pail @ $.50 per pke. @ $.50 per pke. @ $1.33-1/3 per @ $.26 per pkg. - ,@$.40 per pkg. @$.85 per pkg. @ $1.85 per pkg. @ $1.00 per pke. @ $.50 per pke. @ $.34 each @ $.34 per box @ $.34 per pke. @ $.30 per pkg. @ $1.17 per gal. @ $.50 per can @ $.27 per can @ $.15 per pke. @ $.35 per lb. @ $.15 per 1d. @ $.35 per ld. @ $.09 per oz. Total | Brought forward : 5 lbs. tomato seed @ $.22 per lb. 1 1b. radish seed @ $.45 per 1b. 2% lbs. cantaloupe seed @ $.75 per 1b. 6é lbs. Watermellon seed @ $.40 per ld. 3 lb. flower seed @ $.09 per 1d. 1# lbs. cabbage seed © $1.50 per lb. 1 pkg. mized flower seed @ $.70 per 1d. 1 pkg. mixed flower seed @ $.75 | 65 lbs. Golden Dent corn @ $.05 per 1b. -2340 per bu. 100 lbs. Wood's Dixie Cora 10 lbs. Hastings Prolific corn @ $2.00 per tu. 23 lba. Hickory corn @ $2.40 per bu. \6 lbs. Pruckers Favorite corn @ $.07 per 1d. 7 lbs. pop corn @ $.05 per 1d, 3/4 lb. okray seed @ $.22 per lb. 3 bbs. white crease back beans @ $.15 per lb. 8 lbs. Kentucky wonder beans @ $.17 per 1b. 16 lbs. Blue blossom beans @ $.15 per 1b. 18 lbs. Baby face beans @ $.13 per lb. 83 pkgs. T. W. Wood's seed @ $.03% per pkg. 31/2 bu. measures o $.60 each 16 seed jars @ $.10 each ‘3 seed jars @ $.25 each 75 2 lbs. grass seed @ $.20 per 1d. 40 59 lbs. 5 ami 4 penny wire nails @ $.04 per 1d. 2.36 (23 yds. glass cloth @ $.21 per yd. 4.83 .12 dos. Continental egg cartons © $.20 per doz. 2.40 fotal seeds, poultry supplies $ 31.16 1 pr. overshoes 1 pre e 1 pr. ° 5 pkgs. insect powder 7 cans lacquer 9 cans enamel 7 © IJacquer 14 cans varnish stain 7 cans thinner 16 cans varnish stain 34 cans paint 12 stain 26 enamel varnish touch up enamel 11 top dressing 15 sapson enamel 4 cans enamel 3 cans enamel 35 cans shoe oil 1 gal. brushing lacquer 5 cans skipper compotnd 3 boxes meat snake 4 paint brushes 21 peint brushes @ $1.80 per pair @ $2.20 per pair @ $1.10 per pair @ $.16-2/7 perpkg. @ $.69 per @ $.58 per @ $.36 per @ $.32 per @ $.30 per @ $.19 @ $.15 @:$.16 @ $.16 @ $.08 per @ $.08 per @ §.45 per BEEREREEBODES @ $.60 per @ $.27 per cans @ $.18 per can @ 8.32 per can @ $.21 per can @ $4.95 per gal. @ $.56 per can @ $.50 per box @ $.60 each @ $.08 each Total Brought forward 13 paint brushes 12 paint brushes 4 paint brushes 4 paint brushes 2 peint vrashes 6 paint brushes 6 paint brushes 4 peint brushes 1 paint brush 2 pkgs. dog biscuits 5 box. well mouth 4 pkgs. dog soap 1 pkg. nerve tonic 1 box. distemper cure 1 tape worm remedy 21 box sure shot capsules | 1 Dox flea powder 5 dog tablets 16 whet rocks @ whet rooks 2 whet rocks 7 electric teasters (1 dey hot bettha 6 balls twine 6 | 17 balls twine | #& lbs. trot line rope 74 tubes air rifle shot 162 tubes necdles @ $.11 @ $.11 @ $.16 @ $.25 @ $.34 @ $.10 @ $.25 @ $.8 @ $.65 @ $.36 a box @ $.36 a box @ $.36 per pke. o $1.20 per pkg. c $1.20 per ¥ex @ $.40 @ 3.36 per box @ $.65 @ $.65 per box. @ $.% each @ $.17 each @ $.25 cach @ $.55 each @ $.65 @ $.08 per ball @ $.03 pe bell @ $.45 @ $.04 @ $,06 Total Brought forward 4 razor straps 1 rasor strap 2 rasor strap 17 razors 9 razors 6 rasor sets rasor sets rasor sets razor sets shaving cups rasor strapper 2 Meme straps 31 cans machine oil 1 can dust remover 2 cans oil 1 can oil 2 cans oil 13 pkg. water proof cement 15 boxes pig rings 9 dog shoe tacks 1l box tacks ae dos. tacks 12 boxes rivets 3 dex rivets 6 boxes rivets 3 razor blade straps 3 Ingersoll strappers 1 straight razor @ $1.70 @ $.5 @$.67 each G $.50 each © $.65 each @ $.29ceach @ $.65 each @ $.50 each @ $.25 each . @ $3350 each @ $.70 each @ $.19 a can @ $.17 @ $.38 @ $.30 @ $.09 @ $.17 @ $.08 @ $.% @ $.09 @ $.75 @ $.06 @ $40 per box @ $.06 per box @ $.16 each @ $.70 each Brought forwe'rd 1 straight resor 6 shaving brushes i \@ tubes shaving cream 10boxes razor strop dressing 1 razor hone 52 pkgs. razor blades (Rubies) 27 pkgs. Shumate blades 9 pkgs. Gillete blades 8 pkgs. Radium blades 13 pkgs. Durham duplex blades 1 only brush 17 pkgs. Shaw -BaSee blades 3 pkgs. Mirex blades 4 pkgs. Ever Ready blades 9% pkgs. shot # 6 _ 1 pkg. powder 1 butter mould | 9 hooks 6 doz. hooks and eyes 3 sets door hinges 10 sets ecreen door hinges _ 6 doz. carpet tacks 1 box carbide 1 can oil 1 pkg. washers | 11d. shoe thread | 2 pkgs. sand paper | 1 dom.sereen hooks | Bk gross dog ebAbar buckles @ $2.90 a $.50 each @ $.19 each G $.17 each @ $.20 per pkg. @ $.30 per pkg. @ $.37 per pkg. @ $.30 per pkg. @ $.30 per pke. @ $.07 per pkg. @ $.30 per pkg. @ $.20 per pkg. @ $.10 per pkg. @ $.55 @ $.25 @ $.07 @ $.24 per doz. @ $.17 per set @ $.07 per set @ $.35 per box @ $.20 per box @ $.50 per can a $.10 pkg. @ $.08 per dos. @ $2.40 per gross Total Brought forward 400 paper bage # 6 250 paper bags # 16 450 paper bags # 1 200 paper bags #4 450 paper # 1/2 10 boxes split rivets | 3 7/16 anger bitts 5 9/16 anger bitts 5 6/16 anger bitts & 4/16 anger ditts 3 9/16 auger bitts 5 10/16 auger bitts 212/16 auger bitts 2 1° auger bitts 1 doz. mill files 1 doz. mill files 6 dos. mill files 11 dos. mill files 6 files H. Saw 4 sets Universal files Hdles. 3 shoe hdles. 4 hand weeders 2 stove lifts 1 wrench 1 pr. overshoes 1 pr. overshoes 1 pr. overshoes 1 magazine rack (fomlinson) 1 desk and chair 3 electric toasters @ $1.94 per 1000 @ $4.08 per 1000 @ $.73 per 1000 @ $1.46 per 1000 @ $.58 per 1000 e $.06 per box C $.27 each @ $.34 each @ $.25 each. @ $.25 each @ $.20 each @ $.36 each @ $.42 each @ -$.54 each @ $1.25 per doz. @ $2.00 per doz. @ $.14 per doz. @ $220 per doz. @ $.08 each @ $.20 each @ $.17 each @ $.15 each @ $.07 each @ $.45 @ $1.17 @ $1.10per pr. G $1.00 per pr. @ $3.00 @ $6.50 @ $.55 $257.03 78 1.04 052 229 026 260 Brought forward 4 therme jugs | & rat traps 5 oil cans | 3 lamp hug screw | 2 doz. box shoe polish | 1 can oil _ le dos. lamp wicks | 3 doze shoe strings 2 lamp globes 14 lamp globes 6 lamp chimneys ' 6 ofl cans 6 chair bottoms 15 lamp chimneys " B well buckets ! 1 deg spray pumps 5 spray pumps 7 spray pumps 2 wash pans 10 hand saws 1 toy airoplane 2 brooms 5 spray pumps 1 brooder 5 lamp globes 1 auto pump 3 prs. skates 12 pre. skates 5 pre. skates 3 prs. skates & $.90 each © $.07 each @ $.30 each @ $.75 each @ $.75 per doz. C $.38 @ $.15 per dos. c $.25 per dos. @ $.55 each @ $.30 each @ $.35 @ $.09 @ $.08 each each @ $.135 each each each @ $.70 e $10.50 per dos. @ $10.50 per doz. @ $.30 each @ $.17 each @ $1.75 each @ $3.50 @ $1.00 each @ $7.00 @ $.75 each @ $1.25 @ $5.50 each e $1.65 each @ $.85 each @ $1.50 per pr. Total " | Brought forward " 4 prs. skates @ $1.00 per pr. @ $3.50 per pr. G $1.35 per pr. il pre skates | S prs. skates | 1 spray pump 2 toxal sets 3 tricycles 8 spray pumps 1 pr. skates 3 wash pans 1 slide board 3 toy wheelbarrows — 2 lanterns | # lanterns | 8 lanterns 8 lantern globes | 2 air rifles _ 1 Bey airoplane 4 gas irons 1 gas stove 1 gas stove 1 triazole 1 aireplane 3 tricyole 1 auto pump i t2iayole 1 auto pump 3 brooms 1 overall jacket 4 rakes @ $.87 @ $.68 each © $.90 each @ $1.65 @ $.17 each @ $17.50 @ $.75 each @ $.75 each @ $.70 each @ $.90 each @ $.11 each @ $1.00 each @ $3.00 @ $3.75 @ $5.40 @ $9.75 @ $2.35 @ $7.75 @ $2.75 @ $1.75 @ $2.00 @ $1.25 @ $.90 @ $1.50 @ $.70 each Total Brought forward 3 hoe handles 5 potatoe diggers | 6 hoe handles 4 spade handles 12 axe handles 2 feeders 1 garden plow 1 wagon 13 feeders 72 feeders 18 feeders 5 water fountains 4 feeders 16 feeders 1 feeder 6 feeders 1 electric iron 1 gas iron 2 gas burners 1 gasoline tank lamp accessories balance on lantern rep. on lamp 2 mops 6 mouse traps 3 pkgs. perris green 6 handles 4 curry comb @ $.30 each @ $.70 each @ $.75 each @ $.40 each @ $.52 each @ $1.20 each @ $2.90 @ $2.90 @ $.35 each @ $.20 each @ $,20 each @ $.65 each @ $.30 @ $.20 each @ $.20 © $80 @ $2.00 @ $4.50 @ $35.50 @ $6.00 $ 519.34 90 3.50 1.50 1.60 3.52 2.40 2.90 2.90 4,29 14.40 3.60 3.25 Brought forward. 2 handle grips 2 brushes 1 barrel dust down | & brooders 8 prs. tom walkers 20 lbs. rope 2 trunk locks 12 locks 11 ice picks 1 razor strap 2 doz. needles 1 whet rock 5 toy airoplanes 3 clocks 4 clocks 1 rasor 3 lbs. rope 5 prs. leather leggings 2 sets spoons 3 sets spoons 3 oil cans 1 tube gum grease 4 carpenter's crayons 1 oan oil 5 4" rules 4 6° rules 45° rules 13 pkgs. 10¢ tape 31 pkgs. 5¢ tape e $.10 each @ $.25 each @ $9.00 each @ $.50 each @ $.35 per lb. @ $.16 @ $.34 each @ $.15 each @ $.70 @ $.40 per dos. @ $.15 each & $.65 each @ $.85 each @ $2,00 @ $.50 @ $1.20 per pr. @ $.33 per set @ $.17 per set @ $.05 each @ $.05 each @ $.21 each @ $.30 each @ $.25 cach @ $.07 per pkg. @ $.03 per pkg. Total / Brought forward $ 678.61 3 whet rocks @ $.25 each o75 4 steel punchers steel punchers @ $.38 cach © $.25 each chisels @ $.28 each chisel @ $1.05 chisels @ $.90 chisels 5 2 1 '2 ehise2 @ $.65 a 2 | 13 hammer handles @ $.13 each | 1 lathing hatchet @ $1.75 1 hatchet @ $1.21 4 1 hatchet 14 whet rocks 6 saw blades 1 chisel 1 saw set 1 hatchet 1 10° wrench | 1 ratchet screw driver 2 corn shuck pins | 1 ratchet screw driver 1 pr. pistol handles 11 locks carpenters chalk 7 hose clamps 1 Beery wheel 10 locks le skate wheels 40 2h" bolts @ $.90 @ $.06 each @ $.10 each @ $.90 @ $1.50 @ $1.75 @ $.75 @ $.75 @ $.07 each @ $2.5 @ $.50 @ $.26 each @ $.03 each @ $1.00 @ $.17 each @ $.15 each ‘Brought forward (= 3" bolts | 100 4” bolts \3 lbs. washers ls lbs. washers 100 bolts /100 bolts /100 bolts 100 bolts 100 bolts 100 bolts. 75 bolts | 50 bolts 50 bolts | 50 blots 25 bolts | 50 bolts | 75 bolts | 5 los. washers 12 wagon 9 luggage carriers 1 tricycle 1 wagon | 2 doz. dog chains 12 dog chains ! 1 doz. lead chains _ 6 doz. lead chains | 4 line chains and lecks 1 camp stoves | 2 camp stoves | 1 feeder @ $.75 per 100 @ $.60 per 100 © $.45 per 100 @ $1.00 per 100 (@ $1.25 per 100 @ $1.20 per 100 @ $1.20 per 100 @ $1.50 per 100 @ $2.30 per 100 @ $2.40 per 100 @ $2.10 @ $.25 each @ $.68 @ $.40 @ $2.00 per doz. @ $1.50 per doz. @ $.65 @ $.25 per doz. @ $.80 each @ $4.00 @ $5.00 each @ $1.20 : Brought forward iz tricycle 1 pump \ 5 ehuck pins 1 gal. machine oil 11 chicken feeders | 1 wish bone brooder 1 second hani incubator i feeder 2 tricycles tricycle scooters coaster coleman heater chair( camp) pre platform scales fire shovel pr. fleor trucks 1 2 1 1 1 4 wheel coaster- 1 i i 1 i pamp 1 mattook 1 screen wire 1 mop 4 2%t. ruber steele bd. 2 pr. leggins Sr lamp globes 6 lamp globes 2 spade handles 50 bolts 1 wagon ' { } | i 1 shoe repair job 1 shoe repair job 1 shoe repair job | 1 shoe repair job 1 shoe repair job | 1 shoe repair job 1 shoe repair job | R72 pre. rubber heels 24 sheets sand paper 13 prs. men's non skid soles 16 pairs boy's rubber soles 1 dos. 5 in. soles 1 gal. edge ink 1 box. shoe pegs 15 prs, quick work heels 27 prs. sheet rubber heels 5 pounds 4-8 # 16 C. mails 11 lbs. 4-6 @ 16 © nails assorted nails 12 prs. rubber heels 9 prs. quick work heels 2 lbs. machine thread 2 pieces cork 3/4 gross # 2 heel irons 1/2 gross # 2 heel irons 3/4 gross # 6 heel irons 29 pre. quick work heels @ $1.40 @ $1.75 @ $1.25 @ £1.00 @ $1.35 @ $1.25 @ $1.25 @ $1.00 per dos. prs. @ $.50 net @ $5.00 per doz. @ $4.50 per doze @ $1.2 @ $.50 per box @ $1.50 per doz. @ $.80 per dos. @ $.50 per lb. @ $.30 per 1d. @ $1.00 per dos. prs. @ $2.45 per lb. @ $.50 each @ $1.50 per doz. prs. fotal ‘Brought forward | & spools patch thread @ $.75 per spool | Saniry supplies (eyes, buttons, tips, etc.) 18 prs. soles (4 in.) @ $5.50 per doz. prs. | 5 lbs. patch leather — @ $.™%% per 1d. 1 sole cutter (up stairs) @ $25.00 l sole sciver “° * @ $2.00 2 stands @ $12.00 each lasts 2 nail stands @ $1.75 each 1 patch machine @ $40.00 1 edge machine @ $7.50 5 shoe stretchers @ $1.50 each 1 tack cutter @ $4.00 1 shoe machine ani shaft and extras Total Shoes FIXTURES 1 8* case (Fox) 1 6" case (Fox) 1 6" case (Chipley) 1 rasor case 1 rasor blade case 1 3* flat case 1 6° flat case 1 6° show case 1 4° show case 1 golf ball case 1 fishing rod rack meters ami light fixtures 1 stove $ 73.08 3.00 2.00 7.75 1.25 25 .00 2-00 24.00 Brought forward 2 ladders and tracks | Wrapping paper 1 cash register 1 deuble paper rack 1 desk, not rell top $35.00 each @ $275.00 @ $3,00 @ $8.00 1 second hand L. 0. Smith Typewriter 1 cabinet safe 1 Burroughs Adding Mchine 3 table racks 1 © ft. counter 110 ft. counter 4 section shelves with backs 2 6* tables 1 6 ft. cabinet 1 check writer 1 wood heater (up stairs) 1 flash light case @ $125.00 @ $150.00 @ $2.00 each @ $8.00 @ $7.50 @ $20.00 per section @ $3.00 each @ $8.00 @ $5.00 © $8.00 @ $5.00 Total Fixtures UN inte did TNR bem Sena, ae Monroe Adams _ Tom Afleck M. P. Alexander A. Alexander | B. Boovey - 28- W. Boovey W. Bobbit C. E. Bogle Ralph Ball 27 James Bradley 27 A. W. Bunch Allen Brawley J. FF. Bowles Cavalry Troop Perry Cornell T. L. Crowell S. A. Campbell Dr. J. M, Carson M. S. Choate J. F. Carlton H. P. Carter R. M. Curlee 27 G. G. Caldwell (Col 26) J. H. Clifford Fred Davis Flake Dobson . Jay Dayvalt Mrs. J. S. Deal H. H. Dellinger 26 Hotehins Dysard 26 W. A. Eidson Louis Evans F. M, Fields Clint Fox 26 J. C. Fox Jno. Fields | Edd Fox ' Max Fox Jno, Grey Jr. Charlie Goodman Frank Gilespie Albert Green 26 Perry Guy 28 Grace Guy Clarence Grey James Grey Glen Gilleand P. C. Grey Jno, Guy Joe Gainer Jno. Gilbert J. R. Hodson Theadore Heath Lloyd Honeycutt QO. D. Hager S. E, Holton E. P. Harris S. B. Johnson 0, M, Johnson & Jents Dick Kestler H. E. Kale J. R. Little G. M. Louis 26 W. Little H, Lewis E. MeClelland Robt Moore | Hoyt Murdock |#H. D. Mills Joe Mitchell 27 ! Mrs. W. F. Merrill Mrs. R. B. McLaughlin | Mrs. Vie Montgomery J. N. Millis J. M. McKee P, H. Mason Tom E. Moore W. R. Mills J. H. Murdock John B. MoLaughlin Richard Lewis E. S. Milsaps Spencer Nick 28 W. A. Nicholson 26 D. E. Nieholson 28 Henry Nicholson Red Odern Ed Patterson Mabel Pressley C. F. Patterson Harvey Privette J. Le Pressley Jr. W. D. Wilkinson Receiver Playhouse Theater (Charlotte, N. C.) Jno. Patterson Zell Raymer Charlie Rumple E. M. Rollins J. W. Reavis Sarah Reece M, E. Ramsey Henry Steele C., L. Shook 27 G. S. Stikeleather 26 E. A. Stevensan Wess Sommers Burrette Walker H. W. Sherrill Luther Steele Red Sherrill C. R. Sloan Stearns Bros, P, 0, Stewart J. A. Somers E. F. Sharpe 26 Bob Summers 26 Jno, Turner C, F, Tompson J. H. Tevepaugh Baxter & Vetter Troutman 26 Jim Turner T. L. Tomlin Geo Tarrant C. H. Westoner Clyde Kelly G. C, Kimball Chief Kerr L. A. Lipperd Zeb V. Long | Charlie Leslie Morganton Frank Mo | W. M. McCowhe Tom Murdock F. T. Meacham T. M. Morrison Colored R. Millis L. Moose Will Millis 0, Montgomery G. Muse Moose Nantz Neely . . R. Nicholson Ostwalt Parker E. M. Patterson Mrs. L. B. Patterson Pres 0, Horne L. B. Quinn T. R. Bricker (Col) W. F. Reavis C. A. Andrews Red Alderman J. M. Brown Will Ben Will Murdock 26 L. B. Bristol M. T. Barnhart E. D. Brady J. P. Brauker Bridgewater Solon Crawford | Cool Springs School | City R. D. Cloer A. Cooper Albert Cooper James Coley W. C. Current Tom Coleman Bob Dalton J. B. Dobson J. B. Eller J. A. Ervin J. W. Tomlin S. Foster Glen F. Fox C, C. Fox J. B. Foster J. R. Fox L. J. Freel Estate Golf Delivery Co. F, Guerant P, W. Gilleand A. E. Guy Det Harris E. B. Hewett S, F. Holcomb J. C. Holmes Claude Holler Iredell Ice & Fuel Co. \ * County Schools | By Barringer @ Sharon Imperial Tent Show Iredell Couhty | Andy Jones (Col) | Ralph Reid | R. R. Reid Statesville HS A. J. Salley J. C. Smith Dunlap -26 S. Hdw. Co. C. A. Stearns Ralph Stradley Statesville Furn. Co. J. W. Reavis S. Ball Club Acct 27 D. H. Shoaf Fred Swann Paul Stimpson 1927 State Experiment Station Vv. T. Saunders Ralph S. Sowers W. L. Tillery Dent Turner H. C. Tomlin W. W. Veach Pleas Woodward Jno. & Vire Walton A. K. Welborn A. C. West Burette Walker H. H. Young Bill of Costs—Civil—Printed and for sale by Brady Printing Co., Statesville, N. C. Judgment Against Original Summons, or other original process, includ- ing all names therein . - i - $1.00 i Every copy of same a - ‘- i. 25 | Filing Complaint and Affidavit - . - 85 ) Filing Answers and Affidavit - 35 Bond, including Justification - _ - 60 *]] Appeal from Justices - - - 50 Appeal from Clerk to Judge - - 50 | Order for enlarging time of pleading : 25 } Interlocutory Orders 5. < ~ a < 25 Attachment, Order in - a am . Ss 50 Injunction Order, including Bond and Justification 1.00 Order of Arrest - - - .. ae | feta el, Caveat to a will, entering and docketing - Issuing Commision - on > a = } Affidavit, including Jurat and Certificate - Seal - - - ~ - « as Motion, Entry and Record of - “ . } Notice ° - « a - - Notice, for each name over one-in same paper Impaneling Jury - } Justification of Sureties, except as otherwise provided. ° - - * Judgment final in‘term time - Judgment final before Clerk - Judgment in favor of Widow’s Year Docketing same . - ~ 7a Docketing ex parte Proceedings | Docketing Judgment ~ } Docketing Summons - ‘ Indexing Judgment - 3.00 Constable | Magistrate - ° Plaintiff ’s Witnesses oe oe e oe | Defendant ’s Witnesses CIVIL DOCKET. BILL OF COSTS--CIVIL. (As Fixed by the Code.) Receiver 1930 SP4FE OF NORTH CAROLINA,. In thec Superior Court. TREDELL COUNTY. H. L. Kincaid as an Individual and stockholder of Kincaid Veneer Company, on behalf of Himself and all other creditors and stockholders who may come in and make themselves parties to this action. vs. Kincaid Veneer Company, a Corporation. Kane Manufacturing Company, having now come in and made itself a party to the suit in the nature of a creditors’ bill above entitled, and F. H. Deaton, receiver of Kincaid Veneer Company, duly appointed by this Court in said suit, desiring to submit a controversy between them as provided in Sec. 626 Consolidated Statutes of North Garolina, to the end that said controversy may be determined by the Judge of this Court without action, do now respectfully show to the Court the following facts; bee: Said Kane Mamfacturing Company is a corporation created and ac%- ing under the laws of a State other than the State of North Carolina, with its principal office and place of business in the city of Chicago, State of Illinois, and is engaged in the business of selling and dealing in glue and other goods, wares and merchandise to furniture manufacturers and yeneer makers throughou’ the United States of America. Re Kanoaid Veneer Company is a corporation created and acting under the laws of the State of North Carolina, with its principal office and place of business in the city of Statesville, in said State, and was until about CHO. G27... day Of, cc. e0s ccc cl 929 engaged in the manufacture of veneers in said city of Statesville, Se That on the......day of seeeeeseoeeeeelI29, said Kincaid Venaer Company, haying become insolvent and unable to discharge its debts and ob- ligations, said F. H. Deaton was duly appointed receiver of said Kincaid Veneer Company by order of this Court, and haa duly given bond and taken possession of all of the property of said corporation. 4. That among other property of which said receiver has taken posses- Sion are about seeceeeeeeeebdags Of glue, which were shipped by said Kane Man. ufacturing Company to said Kincaid Veneer Company on or about the 20th day of September, 1928, the same being the umsed portion of a car load shipment of glue made to Kincaid Veneer Company at its request by Kane Manufacturing Company about the time aforesaid upon the terms and conditions stated ina letter fon Kane Manufacturing Company dated Sept. 20, 1928, a true copy of which letter is hereto attached marked "Rxehibit 4," and the same is asked to be taken as a part of this agreed statement of facts. 5. : That said Kinoaid Veneer Company has never paid Kane Mamufacturing Gompany for the part of said car load shipment now in the hands of said F. H. Deaton as receiver or any part thereof, and demand has been duly made upon Kinoaid Veneer Company and said receiver by Kane Manufacturing Com- pany for the return thereof. Kane Manufacturing Company contends that said glue now detained by said receiver was shipped and received under an express consignment, and that title thereto is still vested in the Shipper or consignor, and that it is entitled to the possession thereof. The receiver, F. H. Deaton contends that title passed to the con- Signee, Kincaid Veneer Company, under the facts agreed, and that he is now entitled to hold the same in like manner as other g00ds afd property of Kincaid Vennew Comapny. WHEREFORE the parties hereto submit this controversy upon the fore- going facts, to be determined by the Judge of this Court as provided by law. All of which is respectfully submitted this 17th day of Sept,1929, KANE MANUFAXTURING COMPANY, BY ode SeweCesoneareoneee -++-Atty,. F. H. DRATON, Receiver, KANE MANUFACTURING GOMPANY Clark and Wineteenth Street - Qhieago,Tll. SERS ' 3 September 20, 19.8 Kincaid Vemeer Co., Statesville, W.C. Gentlemen: Atten., Mr. V.S.Harwell, Seoy. Replying further to our letter written you today, confirming’ order for a carload of glue wish to advise that it is understood . that g}}: carloads are shipped to you on consignment, to be paid for as.3Bu used monthly, and if at any thdme you fail to meet your obligations the unused portion can be returned to us at our demand. Yours very truly, KANE MANUFACTURING COMBANE., By 7.3 A@Ge- EXHIBIT A. ¢ NORTH CAROLINA, BURKE COUITY. W. C. Ervin, being first duly sworn, says that he is attorney for Kane Manufacturing Company, and that the controversy between said Kane Mam facturing Company and said F. H. Deaton, receiver, as set forth ' in the foregoing annexed agreed statement of facts, is real, and that the proceedings batween the parties as therein sef forth are in good faith to determine the rights of said parties. ~ Sutisoribed and sworn to before me this 17th day of September,1929 e*eeeeeeeeveeneeeee “Notary Public. ay aie Fommtenien Expires 27% 277.193 8.. eetesese Sept. 20,1928. Kinoaid Veneer Co., Statesvilic, N.“. Gentlemen: Atten., Mr. V.S. Hartwell, Sécy. . J Replying further to our letter written today, confirming order for a carload of glue wisk to advise that it is understood that all carloads ate to be shipped to you on consignment, to be paid for as used month}g, and if at any time you fail ‘o meet your obligations the umused portion can he returned to us at our demand. Yours very truly, KANE MANUFACTURING COs, we Tee Wighes. Copy Kincaid Veneer (o., Inc., Statesville, N.C. March 20,1929. Kane Mfg. Oe, Chicage, Tile, Gentlemen: Rnclosed is our @EMMl check in the amount of $816,20. which covers the consumption of glue used during December and January, The balance due of $736.75 we will remit for in a very short time. Also, enclosed is an itemized statement of the glue for these two * months. We have now used up this car odf glue and are in need of more at once. We are wondering if you will mgh ship tp us immediately one car and allow the payments to be made on same in a similar manner. If you will ships this car, wegwill kindly ask that you wire at our expense upon receipt of this letter, confirming the order and advising when we my expect same. Thanking you for the co-operation extended us at all times, we remain Yours very truly, KINCAID VENER COo[NG., By K.Kincaid Asst. mecy Treas. 1206 A / OF SERVICE ) NO. [CASH OR CHG. ——— ——— E S TE RN DAY DEFERRED , CABLE ™ UNION (= transmitted as a full-rate NEWCOMB CARLTON, ————- J. CG. WILLEVER, FineT Vice-rResroENT Vad ta hileabes mene. subject to the terms on back hereof, a Chicago March 26, 1929. Kincaid yeneer Co., Inc,., Statesville, N. C, REPLYING YOURS LARCH TWENTIETH SHIPPING YOU CAR GLUL AT ONCE 2719 Michigan Avé-. ALL MESSAGES TAKEN BY THIS COMPANY ARE SUBJECT TO THE FOLLOWING TERMS: | To guard against mistakes or delays, the sender of a one-half the unrepeated message rate is ¢ message should order it repeated, that is, telegraphed ack to the originating ofce for comparaon in addition. Unless otherwise indicated on its face, this is an unrepeated message and . For this, paid for as such, in consideration whereof it is agreed between the sender of the message and this company as follows: 1. The company shall not be liable for mistakes or delays in the transmission or delivery, or for non-delivery, of any message received for transmission af the unre- peated-megsage rate beyond the sum of five hundred dollars; nor for mistakes or éttovy & in the transmission or delivery, or for non-delivery, of any message received for m at the repeated-message rate beyond the om #' of ~~ — tion in the working of tte fnen nor for errors in cipher or obse 2. In any event the na qomeany shall not be liable «for damages x for mi beyond the sum aad mn additional charge £ 3. pe cose ie deatinat te! Betesists messages and and within one mile of such office in other — or towns. uma. Boyend these limits the com: der's regaen. Fo a coiii and at his expense, endeavor to contract for him for such del nless specially valued; nor in any case for delays arising from unavoidable interrup- or delays in the transmission or delivery, or for the non-delivery, of any message, whether caused by the’ negligence of 2 oS otherwise, thousand pate at which amount each message is deemed to be valued, unless a greater value id stated in writing ww the thereof at the time the message is tendered for transmission, and unless the ual to one-tenth of one percent of the amount by which such valuation shall exceed five thousand dollars. y made the agent of the sender, without liability, messages will be delivered free within one-half mile of the company’s office in towns of 5,000 or less, cand does not undertake to make delivery, but will, without message rate is paid or agreed to be paid, to forward this message over the lines of any other company when necessary to reach lity, at the een- at a reasonable bilit y attaches to this company concerning messages until the same are accepted at one of its transmitting offices; and if a message is sent to such _ ofice 5 messengers, by ne ok the company's be liable for damages or statutory penalties te aed oh a company for transmission. . presumed, subject to rebuttal oy competent evidence. terms governin: in addition to all foregoi terms. 9. WES Sedeeen of the aonoeey is authorized to vary the foregoing. CLASSES OF SERVICE TELEGRAMS, A {yll-rate expedited service. .NIGHT MESSAGES ovarenren te oncoen: 10 S0unee Gusta 0a caan Seiten she ORS fd CS ered not earlier than the morning of the ensuing Messages may at the option of the anal be ee Oe. caulied ‘ih de> tinntfon to the naremees, and the Compan deemed to have discharged Petia nina 2 mailing such night messages DAY LETTERS A deferred doy onrvie ot at rates lower than the standard telegram rates as fol- One and the standard ht letter rate for the transmission Sead oneal 2S Sie for each additional 10 words SPRCIAL TERMS APPLYING TO DAY LETTERS: consideration of the reduced rate for this special Day Letter service. Seen one. hereby Letters erveantet Gp Sheet Oe pany as a deferred Day mS a Tank heaters fe. in all respects, he priority of (ein and delivery of regular a a, to the express understand! ment that the Company does not =e that a a Day Letter por bye delivered on the day of its date absolutely, and at all ovens but that the Company's obliga- respect b to the condition t there shall remain su! jh ee eS end caver of Gat "pe hs a of the NIGHT LETTERS Accepted 2:00 » 8 on the morning of the ensuing business ep enh eon at, Ne eT ee Seaman patos, us tellowe: stand- he acts for that purpose as the agent of the sender in any case where the claim is not presented in writing within sixty days after the message that in any action by the company to recover the tolls for any message or messages the prompt and correct transmission and delivery thereof shall be g the transmission of messages according to theis classes, as enumerated below, shall apply to messages in each of such respective classes THE WESTERN UNION TELEGRAPH COMPANY INCORPORATED NEWCOMB CARLTON, PrestocerT ard telegram rate for 10 words shall be charged for the transinisston of 50 words oy to and one-fifth of such standard telegram rate for 10 words shall be charged for cach additional 10 words or less. SPECIAL TERMS APPLYING TO NIGHT LETTERS: In further consideration ofthe reduced rates for thie special Night Letter serv- foe, the following special terms in addition to those enumerated above are hereby to: Night Letters may at the ion of the T h Company be mailed at destination to the addressees, and the Company be deemed to have dis- charged its obligation in such cases with respect to delivery by mailing such Night Letters at meype py pene age prepaid. No employee of ompany is authorized to vary the foregoing. FULL RATE CABLES An expedited service throughout. Code language permitted. DEFERRED HALF-RATE CABLES Half-rate messages are subject to being deferred in favor of full rate messages for not exceeding 24 hours. Must be in la: of country of origin or of destina- tion, or in French. This class of service is in effect with most European count and with various other countries ae the world. Full particulars su on application at any Western Union CABLE LETTERS For plain-language communications. The lnnoueee of the country tination may be employed, if the Cable Letter service is in tion to that aes to delivery at the convenience of the Company within 24 hours if ine eddrene i ed. Delivery by mail beyond Londo Londen will be mace #6 is given and the words “Post London” are written after the destina- Serre ian ty canthird of tha tah rate; mialavem 20 words. WEEK-END LETTERS March 26, 1929. Kincaid Verieer foe, Inc., Statesville, N.C. Gentlemen; we are in receipt of your letter of March 2oth. enclosing check for $816,20. to apply on your account, for which kindly accept our thanks, Wevalgo note that yom wish us to ship you another car of giue, and are pleased to stat’ that xmm order has been entered for this car tot be shipped at ance. Thanking you for this order which will have our ‘prompt aLinatians and careful attention, wear. Yours very truly, Kane Mam facturing Co. By Margh 27> 1929 e Kincaid Venecr Co., Statesville, N.C. dextteren: We are in receipt of your letter of March 20th. which did not arrive in Chicago until yesterday, the 26th, and we cannot under- atend the delay unless it was far the lack of street address on your letter, 90, we wired you gesterday thit tho car would be shipped &t once, and wisk to advise that the invoice covering same will be on same basis as last so that if there is anything that the writer can do for yam Mr. Kincaid at any time, do not hesitate to let me KnOWs Wishing you the very best of success, we are Yours very truly, Kune Manufacturing Co, By 7 087 Ce Clark and Nineteenth St. Order No. 9911 SOLD TO Customer's No. Car No. B&O 181970 pe Rw. to Poi. Yds,, Southern 97 Kincaid Veneer Coe, Ince, Statesville, No. Car, 2% 10 dayes To be paid for montiy as used, Payments to ber 15th, 300 Bags Kane Vegetable Glue 15 Se 459008 at Bg per 1b. $2295.00 ma p 4 Sf 3. THe "a oS 054,Gr.e oer Or Attnw akan 19 Oy PQ ° e comer a2 4. 3S ae " ros = See North Carolina | Superior Court. Iredell County | . H. Le Kincaid, as an Individual, and Stockholder of Kincaid Veneer Company, on Behalf of Himself and All other Creditors and Stock- nolders who lay Come In and Make Themselves Parties to this Action, COMP LE 2:23 2 vs ‘ Kincaid Veneer Company, a Corporation. em a ee ee rm nm a The plaintiff above named, complaining of the defendant for cause of action, alleges and says: lst. That the defendant, Kincaid Veneer Company, is a corporation duly created, orsanized and existing under and by virtue of the laws of the State of North Carolina, with its principal office and place of business at Statesville, where it is enzaged in the business of manufacturing veneer, plywoods and panels. 2nd. That the plaintiff above named is an officer in and one of the largest stockholders of the defendant Company. Srd. That the defendant is largely indebted to various persons, corporations and banks and that a large pert of said indebtedness is nuw due and that the defendant has, on account of lack of operating capital, for sometime past been embarrassed and is now unable to meet the demands of its creditors and continue to operate said plant and supply the necessary funds to purchase waterials to pay labor and otherwise profitably continue the business. 4th. That the defendant Company is in imminent danger of becoming insolvent, if in fact it is not really insolvent, and due to its lack of operating capital and the heavy demands of its creditors, it is unable to meet its maturing obligations and that a number of its creditors have instituted suit to collect their accounts or notes and unless a Receiver is appointed, the property rights of the plaintirf as a stockholder in said corporation, and the rights of other stockholders and creditors will be impaired and diminished and the assets of the corporation dissinated without an equitable distribution thereof. \ Sth. That the defendant's entire assets, including the book value of its stock of merchandise, accounts and notes receivable, interest in land and all other property, is approximately +40, Coa to the best information and knowledge that the plaintiff is able to obtain and that its liabilities amount to approximately $90,000; that owing to depresseaé business conditions and the stringency of the momey market, the defendant corporation is unable to borrow additional sums from the banks with which to meet its obligations and continue its business and it is advisable and necessary, on account of the imminent danger of the corporation becoming insolvent, that a Receiver be appointed to preserve its assets, protect the rights and property of the pleintiff stockholder and secure an equitable distribution among the creditors of the defendant Company and wind up the affairs of said corporation and diseolve the same. 6th. That unless a Receiver is appointed, some of the creditors of the defendant corporation who are attempting to force collection of their claims by suit, will cause the oroperty and assets of the defendant corporation to be sold at a sacrifice and the assets of the corporation will be consumed without an equitable distribution thereof. { 7th. That the officers and directors of the corporation have attempted in every way possible to devise ways ' and means to continue the business and are unable to secure the necessary financial support to so do and deem it advis able to liquidate the corporation. 8th. That summons has veen isaued from the Superior Gourt of Iredell County in this action and that the same has been served upon the defendant corporation; that no other action of suit has been instituted or is now pending in the courts of this state or elsewhere, asking for the appointment of a Receiver, so far as this plaintiff is informed and believes. WHEREFORE, for the reasons set forth herein the plaintiff prays for a judgment on pehalif of himself as a large stockholder and on behalf of all other stockholders and creditors of the defendant Company who may come in and meke themselves parties to this action; that the Court will appoint a temporary Receiver to immediately take charge of the assets and affairs of the defendant company and that the . Court will issue an order, requiring the Gefefidant to show cause at a time and place to be fixed by the Court as provided by law, why such Receiver should not be made permanent, and for such other and further relief as the plaintiff may be entitled to. Tttorneys cs the oiler, H. L. Kincaid being duly sworn, deposes and say 3; that he has read the foregoing Complaint; that the same is true. of his own knowledge, except as to those matters and things therein stated upon information and belief, and as to those, he believes it to be true. Sworn to and subscribed before me, North Carolina. Iredell County. this June gcu., 1929. Yotary terre k My commission expires North Carolina | In the Superior Court. Iredell County | H. L. Kincaid as an Individual, and Stockholder of the Kincaid Veneer Company, on behalf of himself and all other creditors and stockholders who may come in and make themselves parties in this action, ORDER APPOINTING A TEMNPORATY RECEIVER vs Kincaid Yeneer Company, & Corporation. This cause coming on to be heard before the undersigned, resident Judge of the Fifteenth Judicial District of North Carolina, in which Iredell County is located, and being heard on the day of June, 1929, upon the verified complaint and application of the plaintiff stockholder for the appointment of a Temporary Receiver for the defendant, Kincaid Veneer Company, 2 corporation, and it appearing to the Court from the complaint that the defendant is unable to meet the demands of its creditors and is in imminent danger of insolvency on account of being forced to shut down the operations of its plant for lack of operating capital and that the defendant is unable to secure additional funds with which to do business and that it is advisable and necessary that a Receiver be appointed to take charge of the assets of the a4efendent in order to preserve the assets, collect the debts and secure an equitedle distribution among its creditors according to their respective interests. And it ap»vearing that the facts set forth in the complaint in this matter are suffictent to justify the granting of the relief sought in the complaint and that the directors and officers of the defendant Company have decided that it is the only course of action left open to the defendant. It is now, therefore, considered, ordered and adjudged upon motion of John A. Scott, attorney, that }. #. na be, and he is hereby appointed temporary Receiver of all of the property, assets and effects of the Kincaid Veneer Company and upon the execution and filing with the Clerk of this Court of s good and sufficient bond to,de approved by the said Clerk,.in the penal sum of ra oO, conditioned on the faithful performance by the set Se of the duties imposed upon hin. Said Receiver is hereby authorized, empowered and Airected to take immediate possession of the estate of the defendant corporation and to enter into possession thereof and preserve its assets, pending further oders. that the Gourt may make in this cause. ‘The defendant and other interested parties are notified to show sause before His Honor, W.-F, Hatding, at chambers, at the court house in Newton, Catawba County, N. C, on the Ki. day of Jyly, 1929, at 2930 o'clock why the said Receiver shou not be made permanent. It is further ordered and adjudged that a copy of this judgment be served upon the defendant by the sheriff of Iredell County end the same shall be sufficient notice OF gts service if served not less than petscrs prior to the date when said. case is made returnable. Mis cause is retained for further orders, This the 0 day of June,' 1929. Kincaid Veneer Company hereby acknowledges receipt and delivery of a copy of the above entitled order on the day of , 1929, and waives all legal notice and service thereof by an officer and does not resist the granting of the relief sought in the complaint. This the day of KINCAID VENEER COMPANY BY SUPERIOR COURT—SUMMONS In Accordance With Ohapter 66 Public Laws 1927 H.L.Kincaid, as an Individual, and IREDELL COUNTY—In the Superior Court. Stockholder of Kincaid Veneer Co, on Behalf of himself and all other Creditors wnd Stockholders who may come in and make themselves parties to this action AGAINST SUMMONS FOR RELIEF _Kincaid Veneer Oompany, a _Corporation THE STATE OF NORTH CAROLINA, To rus Sueawr or _._Lradell ee ee ee ee Se Ee SR eee er ee ee ee eee ee ee ee ee eee eee ee ee ee ee eee ee wee the defendant.. above named, if. it. 2% be found within your County, to be and appear at the office of the Clerk of the Superior Court, for the County of Iredell, at the Court House in Statesville, not later than THIRTY DAYS from date of service of this summons, and answer the complaint, a copy of which is hereto attached, (or which will be filed in the office of Clerk of Superior Court of Iredell County within the time as set out in the attached order) and let the said defendant.. take notice that if..... it plaint within the time required by law, the plaintiff... will apply to the Court for the relief demanded in the complaint. Herein fail not, and of this summons make due return. Given under my hand and seal of said Court, this.. 22 4h ~~ IREDELL SUPERIOR COURT Summons for Relief \ Wo -xtreaté--es an Individual and Stockholder of Kincaid Veneer Co, on->ehal-f--of--himseel+t-and--ali-other creditors and stockholders who may con@e-in-and-make-themselves-_parties to this action vs Kincaid Veuaer Company, a Carp. 12 el emesis gpentapinspcpedi aD sli se abe ilenibpecancsdguoidaseslirestaphidieinnccaeinanpurtih isa aan By--laeving.acopy.of.within ._. adenctuscacewsnsensceseasconnnaannenmencene (mals) soli hyacinth isn an chacenderveeagieisolniaseligabaninnsabesianes' aun On al. lectin cigeisiomieniibaneliniadsas aenae Mn eco ceeedion gpaemiannppeienenpiiaehdeindennshshapenc ME IRR SURO, RTA resident of - summons, to.zethber with copy..of DlaintiffAs.varified.conplaint, ) tiff__in this action. however, if the within named Plaintiff..shall pay the defendant_- all such Witness cur bende... end seol&... thie tha. RUDD... dey ot... AUDA... —....., MEL... urselves bound unto the Defendant.. herein named in this action in the County, North Carolina, and worth TWO HUNDRED dollars over and above all his Clerk Superior Court liabilities and legal exemptions allowed by law. S$cott-é-Collier We, and each of us, acknowledge o sum of two hundred dollars, to be void, Sworn to and subscribed before me this...) To Pif., - a a ee ae ee ae et at ts Hh eh th a le 1 is te et es sk le i costs as the Defendant.. may recover of the Plain Bit 08 iniieninieD RD Rrintontadsnnsonae, Wenn ee ee North Carolina | Iredell County | In the Suverior Court. H. Le Kincaid as an Individual and Stockholder of Kincaid Veneer Company, on behalf of himself and all other creditors and stock=- holders who may come in and make themselves parties in this action, BOND OF TELIPORARY RECEI VER vs Kincaid Veneer Company, a Corp. KLOW ALL. MEX BY THESE PRESENTS, That we, as principal, and as surety, are held and firmly bdound unto the Kincaid Veneer Company, a corporation, the ee: in the above entitled action, in the sum of - . Dollars (32,000 } to the payment whereof well and truly to be made, we do hereby bind ourselves firmly by these presents. Signed and seeled at Statesville, the | 6% day of Jabs , 1929. The condijfion of this obligation is suchs That Whereas, the said HW - hae been appointed temporary Receiver of the defendant corporation by an order of His Honor, John iM. Oglesby,- resident Judge of the Pifteenth -Judiciak District of North Cat ortria yt wiick Tfeaell County is located; NOW, THEREFORE, If the said Temporary Receiver, shall well and truly carry out and parform the trusts comaitted to him, as such Receiver, and faithfully discharge the same in accordance with the law, then’ and in that event, this bond shall be null and void; otherwise to be and remain in full force and effect, IN TESTIMONY WHEREOF, the said has hereunto placed his hand and seal, and the said surety has caused this bond to be executed in its corporate name dy its duly authorised Attorney~in-Fact and its corporate seal to be attached hereto, all done on the at” day of » 2929. —— Bit niles Fors d Bae as! ; sy oi 23 eared Att serney me ‘s is a . The foregoing bond is ady¥ in due form gna is hereby approved. ’ North Carolina | Iredell County | the Superior Court. H. L. Kincaid, as an Individual, and Stockholder of Kincai@ Veneer Company, on Behalf of Himself and al] other Creditors and Stockholders NOTICE TO CREDITORS AND who may come in and make themselves ' parties to this action, STOCKHOLDERS Whee ‘ vs Kincaid Veneer Company, a Corporation. TO ALL STOCKHOLDERS, CREDITORS AND PARTIES HAVING CLAI?S OR INTEREST IN THE DEFENDANT COMPANY: Take notice that the above entitled action has been instituted in the Superior Court of Iredell County for the appointment of a Receiver and that summons has been issued therein and service of the same duly made on the 29th day of June, 1929, the summons in said action being as follows: "Tredell County = In the Superior Court. He. L. Kincaid, as an Individual, and stockholder of Kincaid Veneer Company, on behalf of himself and «11 other creditors and stockholders who may come in and make themselves parties to this action, Against Kincaid Veneer Company, a Corporation. SU'CIONS FOR RELIEF THE STATE OF NORTH CAROLINA, To The Sheriff of Iredell County ~ GREETING? You are hereby comaanded to summons Kincaid Veneer Company, a corporation, the defendant above named, if it be found within your County, to be and appger at the office of the Clerk of the Superior Court, for the County of Iredell, at the Court louse in Statesville, not later than THIRTY DAYS from date of service of this summons, and answer the complaint, a copy of which is hereto attached, (or which will be filed in the office of Clerk of Superior Court of Iredell County within the time as set out in the attached order) and Let the said defendant take notice that if it fail to anewer the said complaint within the time required by law, the plaintiff will apply to the Ceurt for the relieg demanded in the complaint. Herein fail not, and of this summons make due return. @iven under my hand and sea} of said Court, this 29th day of June, 1929, John L. Milholland . Clerk S»perior Court, Iredell County? You will further take notice that complaint has been filed with the Clerk of the Superior Court of Iredell County and any persone interested as stockholder, creditor or claimant, ~ may make themselves parties to this action, or take such other action as they may be advised. Fred H. Deaton has been avnpointed temporary Receiver of all the properties, assets and effects of the defendant Company and you are hereby notified that you may show cause, if any you have, why the teceivership should not be made permanent, before His Honor, W. F, Harding, Judze of the Superior Court, at ehambers ct the court house in Newton, Catawba County, N. CG. on the 8th day of July, 1929, at°2:50 o'clock P. IM. This the lst day of July, 1929. scott and Collier, Attorneys. Publish in Statesville Daily once a week for six weeks, commencing July lst, 1929. North Carolina | Iredell County | In the Superior Court, { H. L. Kincaid, as an Individual, 1 and Stockholder of Kincaid ' Veneer Company, on behalf of ‘ himself and all other creditors |} ORDER APPOINTING A and stockholders who may come in and : ' | { ' | make themselves parties to this action, PERMANENT RECEIVER vs Kincaid Veneer Company, a Corporation. This cause coming on to be heard before the undersigned, Judge of the Superior Court, holding the courts of the Fifteenth Judicial District, at chambers in the courthouse in Newton, N. C. om Monday, July 8th, 1929, at 2:50 P. M. when and where the same is made returnable and being heard upon the notice to the defendant to show cause why the temporary Receiver heretofore appointed in this action should not be made permanent. And it appearing to the Court that due notice has been served upon the defendant to appear and show cause, if any it could, why the Receiver should not be made permanent and that a copy of the summons has been published once a week for two weeks in the Statesville Daily, notifying all stock- holders, creditors and parties interested in the affairs of the defendant Company to appear before the undersigned at this time and place and show cause why the Receiver should not be made permanent. And the defendant having failed to appear, after due notice as provided by the order of the Court, but having filed its consent in writing to the appointing of a permament Receiver and no other creditor or stockholder having filed any objection. And it appearing to the Court that the defendant, Kincaid Veneer Company, a corporation of the State of North Carolina, with its principal place of business at Statesville, is in imminent danger of becoming insolvent and is unable to meet its maturing obligations and the demands of its creditors and that the plaintiff is President ef and one of the largest stockholders in said corporation and is endorser upon considerable amount of its notes payable and that the officers of the Company have made every reasonable effort to continue the business and to provide funds for operating the business and that they have been unable to do so and that the said corporation is largely indebted to various creditors and that the plaintiff, who is the President of said Company and « large stockholder, as well as a creditor thereof, desires to have a Receiver appointed in order to protect and preserve the assets of the corporation and secure an equitable distribution thereof according to law and that the corporation does not resist the appointment of s permanent Receiver. It is, now therefore, upon motion of Scott and Collier, attorneys, ordered and decreed by the Court that the temporary Reoceivership heretofore ordered in the above entitled cause be the same is hereby made permanent and that FH be, and he is hereby appointed as permanent Receiver of the defendant corporation, with full power and authority to enter in and upon the estate of the defendant and to take immediate possession thereef; to make sales of its materials and supplies now on hand, as well as its » accounts and all other property, either at public auction, after due advertisement as herein provided, or at private sale, as in his discretion may seem best for the interests of creditors and other parties ¢oncerned, provided no private sale shall be made unless prior thereto ten days’ notice thereof shall be published in a newspaper published in Iredell County and be : reported to and confirmed by the Court having jurisdiction of said Receivership and said Receiver is hereby authorised to do any and all things usual and necessary to preserve and collect the assets of the defendant corporation; to disburse the assets of the defendant in payment of the expenses of said receivership and the claims of its creditors, according to their interests as may hereafter be ordered by the court and to wind up the estate of the defendant corporation. It is further ordered by the Court that the Receiver in selling the property and assets of the corporation shall have the right and he is hereby authorised to sell the same free and discharged of encumbrances and in the event he does so, the lien upon any encumbered property so sold shall be transferred to and preserved against the proceeds arising from the sale thereof, rather than against the property itself. The Receiver is further authorized to sell the assets of the corporation, either as a whole or in part, at one time or piece meal, and upon a sale, to reject all bids or to accept some bids and reject others, as may seem best for the pretection of the creditors, and other parties interested as prescribed in the notice of sale. It is further ordered that in the event the Receiver deems best to sell the property of the defendant at public auction, that a notice published in the Statesville Daily at least twenty days prior to the date of said sale, once 6 week for three successive weeks, shall be deemed sufficient notice of such sale, but the Receiver may advertise in such other manner and in such other papers as he may thing best in order to obtain bidders by publication. It is further ordered and decreed that the Receiver may, by and with the approval and consent of creditors, operate the plant, pending a sale thereof, upon being authorised to do so by the Court, provided in so doing, the Receiver shall pay cash for all supplies and materials used and the labor and pay rolls shall be a charge against the products manufactured to the extent thereof. It is further ordered that the Receiver shall have the right, by and with the consent and approval of the principal creditors, and the approval of the Court, to lease she plant to some responsible person, firm or corporation at a fixed rent, pending a sale of the assets of the corporation. It is further ordered and adjudged that the Receiver shall enter into a good and sufficient bond approved by the Clerk, payable to the defendant, in the sum of $5000.00, conditioned upon his faithful performance of his duties as Receiver as aforesaid, and upon the execution of said bond, he may enter upon his duties as such Receiver. It is further ordered that notice be pubdlished in the Statesville Daily, a newspaper published in Iredell County, once a week for four successive weeks, giving notice to all parties and oreditors interested in said estate @f the defendant corporation, to come in and make themselves parties Plaintiff or defendant, as provided by statute. It further appearing to the Court that a time should be fixed for creditors to file their claims with the Receiver, it is, therefore, ordered and adjudged that all creditors file their claims duly verified, in writing, with the Receiver on or before Sept. lst, 1929, or if they fail to do so, that such creditors failing to file their claims shall be barred from participating in the distribution of the assets of the defendant corporation. It is further ordered that notice to creditors to file their claims shall be published once a week for two weeks in the Statesville Daily, a newspaper published in Iredell County. This cause ct beatae for further orders. This the 5 day of July, 192. / Uh “Judge of the Sup rior Court North Carolina. Iredell County. The Kincaid Veneer Company, the defendant corporation, acknowledges receipt of notice to show cause before Hon. W. F. Harding, Judge, at Newton, July 6th, 1929, and hereby waives notice and consents in writing for said Receivership to be made permanent. This the 8th day of July, 1929. KINCAID VENERBR COMPANY ‘ 4 a ee eee ee North Carolina | Iredell County | In the Superior Court. H. L. Kincaid, Individually, and as a Stockholder of the Defendant, on behalf of himself and all other Stockholders and Creditors who may come in and make themselves parties plaintiff to this action, | BOND OF PERMANENT RECEIVER: vs Kincaid Veneer Company, a Corporation. KNOW ALL MEN BY THESE PRESENTS, That we, Fred H. Deaton, as principal, and United States Fidelity and Guaranty Company of Baltimore, Md., as surety, are held and firmly bound unto the Kincaid Veneer Company, 4 corporation, the defenéant in the above entitled action, in the sum of FIVE THOUSAND ($5,000.00) DOLLARS, to the payment whereof well and truly to be made, we do hereby bind ourselves firmly by these presents. Signed and sealed, at Statesville, N. C. July bs JO 1929. en nine O The ¢déndition of this obligation is suchg that whereas, the said Fred H..Deaton has been appointed permanent Receiver of the defendant corporation by an order of His Honor, W. FP. Harding, Judge holding the Courts of the 15th Judicial District, in which Iredell County is located; NOW, THEREFORE, If the said Fred H. Deaton, permanent Receiver, shall well and truly carry out and perform the trusts committed to him, as such Receiver, and faithfully discharge the same in accordance with the law, then and in that event, this bond shall be null and void; otherwise to be and remain in full force and effect. IN TESTIMONY WHERBOF, the said Fred H. Deaton has hereunto placed his hand and seal, and the said surety has caused this bond to be executed in its corporate name by its duly authorised Attorney~in~Fact and its corporate seal to be attached hereto, all done on July /© _, 1929, UNITED.STATEBS FIDELITY &@UARANTY Co. orney Lttorney-in~Fact The foregoing bond is adjudged to be in due form and is hereby approved. STATESVILLE, N. C. Sribacriytion Brice aby: TO THE a STATESVILLE DAILY » DR. n. | ADVERTISING ONE YEAR RATES PEGRAM A. BRYANT, PROPRIETOR FURNISHED ee ————————————— aml 91X MONTHS 3.00 ONE MONTH . reer Aa: ae Feet iff; SINGLE COPY ‘ | a fat ; ; I ee 5 ThSths ii sfasri” Id hte Vf om pa! oP 40rd (Q))) North Carolina. | Iredell County. | In the Superior Court, November Term, 1929. ( H. L. Kincaid, as an Individual, I and Stockholder of Kincaid Veneer Company, on behalf of himself and \ all other creditors and stockholders | who may come in and make themselves | parties to this action, { RECBIVER'S REPORT { vs j ( | Kincaid Ven2er Company, a Corporation. F. H. Deaton, Receiver of Kincaid Veneer Company, reports to the Court that pursuant to an order of His Honor, W. F. Harding that he has taken charge of all of the assets of the Kincaid Veneer Company and from the date of his appoint- ment, has made a diligent effort to collect in all of the out~ standing accounts and has sold a portion of the merchandise on hand and reports the following receipts and disbursements: RECBIPE?S ftatesville Show Case Company $15.25 Carolina Panel Company 127.60 Statesville Furniture Co. 5.00 Phoenix Furniture Co. 17.387 Atlas Furniture Manufacturing Co. 302.74 Southern Railway Company 20.11 Southern Railway Company 45.05 Statesville Chair Company 84.94 Hickory Chair Mfg. Co. 96.14 Southern Toy Company 5. 36 Fox Manufacturing Company 864.20 J. M. Finger 17.50 Boyce Manufacturing Co. 1444.70 Boyce Manufacturing Co. 49.85 Statesville Chair Co. 39.23 Statesville Chair Company 29.02 Statesville Veneer & Panel Co. 21.60 Bliss Plywood Company 606.55 Wayne Furn. Mfg. Co. 10.67 Wayne Furn. Mfg. Co. 21.35 Phoenix Furn. Corp. 15.39 The Brumby Chair Co. 108.80 Cash from sale of veneer »35 ‘The Brumby Chair Company 212.86 Statesville Veneer & Panel Co. 40.74 Statesville Veneer & Panel Co. 68.00 Kennedy Plywood Co. 152.28 Kennedy Plywood Company 5692.31 Sale of old crates 2.60 Sale of veneer 1.00 Wade ©. Rimmer 1.71 Empire Chair Co. 300.98 Elkin Furniture Co. 400.00 DISBURSEMENTS Paid out for labor Wea ae) aa eae 36t07 45 Stes esaitas Be hetety dtl onde 55.00 * Postage and box rent $16.50 Paid on auditing 100.00 1927 County tax 230.16 Lights & power 54.11 Salary for office help 100.00 Repairs to automobile 14.10 Repairs to roof 1.50 Telegram -90 Court costs advanced for H.EB.McLain suit 2.80 Total $1196. 52 Cash in banks 3842. 53 Cash on hand 700.98 Wateld -.s 4 66 4 4 A Oe . $5759.05 The Receiver further reports that he has adver~ tised the real estate belonging to the said Kincaid Veneer Company and offered for sale the same at public auttion and that at said sale, he was unable to secure 4 bid at any reasonable amount and, therefore, did not confirm or request the Court to sonfirm the sale of the real estate. Respectfully submitted, Pat Mia Ma Recatver Kinet Veneer co. This Nov. 4th, 1929. ot Pe a fn. Sg ee North Carolina } In the Superior Court, Tredell County | January Term, 1930. H. L. Kincaid and Others vs PETITION BY THE RECEIVER Kincaid Vaneer Company, a Corporat ion ° TO THE HONORABLE THOMAS J. SHAW, JUDG PRESIDING AT THE JANUARY TERM, 1950, OF IREDELL SUPERIOR COURT: Your petitioner, Fred FE. Deaton, heretofore appointed Receiver of the Kincaid Veneer Company, respectfully shows to the Court: lst. That he was duly appointed permanent Receiver of the Kincaid Veneer Company by the Superior Court of Iredell County in the above entitled case more than six months ago. 2nd. That for the past six months, the Receiver has made diligent and persistent efforts to try to dispose of the real estate and plant of the Kincaid Veneer Company, 2 description of which may be had from reference to a deed from H. L. Kincaid and J. N. Kincaid to Kincaid Veneer Co. duly recorded in the office of the Register of Deeds of Iredell County, said plant consisting of about three acres in the manufacturing district of States- ville, a wooden factory building and the machinery located therein and used in the manufacture of rotary cut veneers and panels, but has been unable to do so, notwithstanding the fact that he has advertised the same in the newspapers for thirty days; had a good crowd present at the time and place of sale so advertised and offered the property for sale at public auction and received no bid whatever; that he has tried to interest local business men in forming a company to buy the plant and operate the seme, but has met with no response and no one is willing to pay in excess of the liens upon the real estate, machinery and plant for it. Srd. That in order to keep the insurance in effect, the Receiver has been forced to employ and keep continually at said plant a day and night watehman and to pay their salaries out of the general funds of said receivership and that practically all the distribution of funds coming into his hands has been made for this purpose. 4th. That there are outstanding liens against the real estate and plant to the aggregate amount of approximately $38 ,000 substantially as follows: l. Deed of Trust to F. L. Grier, deceased, Trustee, for the use and benefit of the First National Bank and Peoples Loan and Savings Bank, of Statesville, N. C., securing them in the amount of BEEESEeetery "34 aad for notds and borrowed money pliray Aecruods urleryZ7 hore» 2. That there are due and owing and secured by ti tle retention contracts upon certain machinery and equipment located in said plant to Yates american Machinery Co., Merritt Engineering Company and to the Sprinkler Co. unpaid balances on purchase money liens that aggregate $ 2 Zé g, 76 aiid Becrue me hee Bbomme : 3, That there are due and unpaid, which are liens on the real estate and plant, taxes due the state and county governments in the aggregate sun of $ 2/7, Ga: Sth. That the First National Bank and the Peoples Loan and Savings Bank of Statesville, N.C. have offered to purchase the said plant and real estate from the Receiver for an amount equal to the aggregate mortgages and liens existing against said properties, to-wit: $37 29, i , the said banks to assume and pay off the said liens in consideration of the purchase of said plant and machinery, provided they can buy the same promptly at «4 alan *eMrusS Urtinasf mm bart 6th. That the Receiver has made careful investigation Sas has ? . exhausted every possible avenue of securing 4 purchaser for said property that private sale. he can suggeét and that in his opinion, it would be for the best interests of all partiés concerned to accept the offer of said banks end sell said Sn property to them at private sale for the sum of $ 87, 7G i. Aenea one aggregate amount of mortgages and liens against said property,».46 otherwise the plant and machinery will further depreciate and the Receiver will be called upon to spend further sums from the general funds of the creditors to pay for watchmen and insurance on property in which there is manifestly no equity for the unsecured creditors, 7th. Judgment of W.F.Shaver docketed in Judgement Book 25, page 40, for $301.50, plus costs and interest. WHEREFORE, the Receiver submits this report to the Court and asks that the Court direct him as to whether or not to se!l the said real estate, buildings and machinery of the Kincaid Veneer Company at private sale to the said First National Bank and Peoples Loan and Savings Bank, Statesville, N. C., or their order, upon the said banks, or their assigns, assuming and satisfying the above mentioned liens sae against said oa property in the aggregate amount of 337 G87, ve The Receiver further shows to the Court that he has no prospects of a sale and is unable to interest any one in purchasing ani that he recommends to the Court acceptance of this offer. That in addition to the plant and machinery, the Receiver has sundry supplies and stock not covered by mortgage and some accounts receivable and that the Receiver recommends that in the event the said banks acquire said plant, he be authorized to negotiate with them, or their assigns, for a private sale of the merchandise located in said plant, eas the same would probably be worth more to the purchaser of the plant than any one else. All of which is respectfully sai = 1a \ Receiver Kincaid Veneer Company , 4 + North Carolina | In the Superior Court, Iredell County | January Term, 1930. W. R. MeHargue vs PETITION FOR ALLOWANCE Henry Jordan, H. L. Kincaid and Fred H. Deaton, Receiver of Kincaid Veneer Company. 2 -« TO HONORABLE THOMAS J. SHAW, JUDGE OF THE SUPERIOR COURT HOLDING JANUARY TERM 1960: Scott and Collier, attorneys, respectfully show to the Court: lst. That W. R. McHargue brought a suit against the Kincaid Veneer Company in the Superior Court of Iredell County, in the year 1929, about the 15th of May, in which he asked judgment for $15,000 actual damages and $10,000 punitive damages, alleging that the officers of the defendant Company had slandered him by accusing him of stealing from the said plant where he worked. 2nd. That the Kincaid Veneer Co. employed Scott and Collier to defend the said suit and that pursuant to said employment, Scott & Collier examined the witnesses for the defendant and prepared and filed an answer to the complaint. 3rd. That thereafter the Kincaid Veneer Co. was adjudged insolvent and went into the hands of a Receiver and by orders of the Court, the Receiver was made a party to the suit for the purpose of defending the sae. 4th. That the petitioners prepared the case for trial, subpoenaed the witnesses and were ready for trial at the January Term, 1950; that the attorneys for the defendants, after conferring with the prineipai creditors of the Kincaid Veneer Company and due to the fact that the judgment, if obtained on a slanderous statement would be a preferred claim, settled said suit invokving $25,000 by paying $50.00 to the pleintiff and the costs of this action. Sth. That throughout the preparation of this case for trial, the petitioners had very little initiative assistance from the parties interested, due to the fact that Kincaid Veneer Co. was in Receivership, but had to hunt up the witnesses, subpoena them, bring them in and examine them, negotiate a settlement, confer with the creditors ami negotiate for and reach an adjustment. WHEREFORE, the petitioners ask the Court to make an allowance for than for counsel fees in this action of such sum as the Court shall think to be right and proper, in view of the services rendered. ¢ Petitioners Upon the foregoing petition, and<4t appearing to the Court that Scott and Collier, attorneys, have rendered legal services to the Receiver.of the Kincaid Veneer Company in the action of W. R. MeHargue ve Kincaid Veneer Co. and others, in which the plaintiff sought $15,000 actugl damages and $10,000 punitive damages for alleged slanderous statements and that said action has been terminated and final judgment entered at this term of the court upon a purely nominal settlement; It is, therefore, ordered that the petitioners be, and they are hereby allowed the sum of $9.37 — counsel fees for services in this action and fred H. Deaton, Receiver, is authorized and empowered to pay the same from the funds of the receivership. A J, : Thon f La nige Presiding North Carolina | In the Superior Court, Iredell County } January Term, 1930. H. L. Kincaid and Others t { vs } ORDER i i Kincaid Veneer Company This cause coming on to be heard at the Zamuary Term, 1930, of Iredell Superior Court before the Honorable Thomas J. Shaw, Judge presiding, and béing heard upon the report of Fred H. Deaton, Receiver of the Kincaid Veneer Co., filed in the above entitled cause at this term and it appearing to the Court that the Receiver has had a bona fide offer from the First National Bank of Statesville and the Peoples Loan and Savings 3ank of Statesville jointly to purchase the real estate, buildings and attached machinery at private sale for and in consideration of the mortgages, taxes, purchase money liens on machinery and one judgment, as set out in the report of the Receiver; And it appearing to the Court that the Receiver has exhausted every possible source of a sale of said plant, machinery and real estate and has tried for six months to secure a purchaser for the same and that he has been unable to secure any offer whatever upon the plant in excess of the liens upon it and that the Receiver recommends that the offer of the Peoples Loan and Savings Bank and the First National Bank of Statesville be approved and confirmed by the Court; And it appearing to the Court that the offer so made, which agererates $38,302.01, exclusive of interest accrued on the several liens composing the same, which likewise the purchasers agree to pay, would be for the best interests of the creditors of the Kincaid Veneer Company and that the offer made is a fair and reasonable offer and more than could be obtained for said property from any other person and that by a sale of said property, the Receiver will eliminate the continuing expense of employing watehmen and keep- ing the insurance in force; And it further appearing to the Court that the said banks have requested the Receiver to execute the deed conveying said property to Ll. C. Wagner and H. L. Newbold as Trustees for the Peoples Loan and Savings Bank and the First National Bank, respectively; It is ordered that Fred H. Deaton, Receiver of the Kincaid Veneer Company be, and he is hereby authorized, directed and empowered to sell at private sale to the First National Bank of Statesville and to the Peoples Loan and Savings Bank of Statesville, and in case they so desire, the deed to be drawn to L. C. Wagner and i. L. Newbold, Trustees for the said banks, the following described real estate situated in Iredell County, Statesville Township and described as follows: lst tract. Beginning at an iron stake, near the tanks of the Texas Oil Co. and on the North side of the railroad side track; thence S. 2 W. 361 feet to a stake, Richmond Lyons’ corner; thence S. 85 &. 350 feet to a stake tn Margaret Richardson's (now =. Morrison) field; thence 1’. 1 ©. 398 feet to the center of the railroad track; thence N. 77 #. with the center of the said railroad track 85 feet to a stake in center of said railroad track; thence S. 96 W. 264 feet to the beginning, containing 3 acres, more or less, and being the identical land conveyed to Kennedy Veneer Co. by deed of A. F. Welborn and wife. 2nd tract. Adjoining the above dessribed tract and bounded as follows: Beginning at an iron stake, Richmond lyons’ corner, and running N. 85 W. 150 feet to a stake on Jackson Street; thence N. 5 &. 137 feet and 5 inches to a stake, Standard Oil Co. commer in Kennedy Veneer Co. line; thence with said line S. 4 W. 147 feet to the beginning, containing 1/2 of an acre, more or less, Also a perpetual/easement and right of way in and to a road way in common with the assigns of Margaret Richardson and Jerry aharsece, said roadway being described as follows: Beginning at Rich Lyons' Northeastcorner, and running S. 85 E. 15 feet to a stake; thence S. 2 W. parallel with Lyons’ line, 128 feet to a stake; thence N. 85 W. with Lyons’ line, 113 feet to a stake 15 feet East from Isidore Wallace's line; thence S. 2 W. parallel with Wallace's line, to the ‘public road. Together with the buildings, and fixed machinery located in said plant, but excluding the inventory ef supplies, materials, tools and other items not affixed to the plant, for and in consideration of said banks’ assuming and agreeing to pay and saving harmless from any claimsor demands on account of the following liens against the said plant which are to be expressly assumed as the consideration for said transfer by the purchsesers, viz: lst. Deed of Trust from Kincaid Veneer Company to F. L. Crier, Trustee for the First National Bank and Peoples Loan and Savings °ank, Statesville, ". C., recorded in Book of Mortgages 74 at page 209, in the office of the Register of Deeds of Iredell County and securing said banks in the aggregate amount, including insurance premiums advanced by then, of $34001.96 principal and accrued interest thereon, it being understood that the notes and other evidences of indebtedness representing said sums are to be cancelled and returned to Fred H. Deaton, "Receiver, marked paid. 2nd. Secured claims covered by registered title contracts due for the balance of purchase money on machinery located in said plant cnc due respectively to the Yates American -‘achinery Company, --erritt Engineer ing Company and to the Viking Sprinkler Co., in the principal amount of $3769.96, with accrued interest thereon. Srd. 1929 taxes due to the County of Iredell, in the smount of $217.90. a It is further ordered that the Receiver execute a deed, conveying the said real estate, buildings and fixed machinery to H. L. Newbold and L. C. Wagner, Trustees for the First National Bank and Peoples Loan and Savings Bank, Statesville, N.C. for the consideration to be set out in ssid deed, that they assume and agree to pay the above described now existing liens against the said real estate and machinery. It is further ordered that Fred H. Deaton, Receiver, be, and he is hereby authorized and empowered to negotiate for a sale of the inventory, supplies and tools at private sale and to sell the same, if in his opinion, he is able to secure an adequate price therefor. This the Sth day of February, 1950. 7 Ak») chee at STATE OF NORTH CAROLINA COUNTY OF IREDELL In the Superior Court. H, L. Kincaid, as an indivi- Gual ayd stock-holder of the Kincaid Veneer Company, on behalf of himself and all other Creditors and Stock- holders who may come in and make themselves parties to this RECEIVER'S REPORT. action, vs Kincaid Veneer Company, a corporation. F. H. Deaton, Receiver of the Kincaid Veneer Company, herewith files his final report, showing all transactions made by him together with the receipts and disbursements heretofore made by him and under the direction of the Court and says: lst. That he has complied with all the orders of the Court heretofore made in this receivership, and that he has made a diligent effort to administer the affairs of this insolvent cor- poration to the best of his knowledge and ability. 24. That at the time the Kincaid Veneer Company was placed in receivership there were existing liens against the real estate of approximately $37000; that the receiver, under the orders of the court advertised a sale of the property and advised several corporations and individuals of the sale and made every conceivable effort to dispose of the property to the advantage of the insolvent corporation; that on the day of sale several interested purchasers appeared to participate in the sale, but after announcing the liens upon the property, before the property was offered for sale, the Receiver was unable to secure an offer at any price; that the Receiver being unable to realise anything out of the property, then with his attorneys started negotiations with the holders of the first mortgage for the purpose of negotiating a sale with them to prevent the sub- sequent lien holders filing claims against the remaining assets of the insolvent corporation; that after several conferences with the cashiers and presidents of the First National Bank, The Peoples Loan and Savings Bank, and the Kennedy Plywood Company a sale was finally consummated and an agreement reached to sell the property to the Pirst National Bank and The Peoples Loan and Saving, Bank of Statesville at the price of approximately $37000, the same being the first mortgage, taxes, insurance and judgments of record. Srd. That in addition to the conferences and negotiations of sale as set out in the above paragraph, the Receiver held the property pending sale for several months and went to a great deal of trouble and expense and spending a lot of his time having the property cleaned up and placed in order to make the property more appealing to prospective purchasers, 4th. Im addition to the above, the Receiver and his attorneys held several conferences with the Kane Manufacturing Company who Glaimed a shipment of glue om consignment to the insolvent cor- poration and finally was forced to try the case in the Superior Court to determine the ownership of 151 bags of glue of an approximate value of $1200, 5th. That at the time the corporation was placed in re~ ceivership an action was pending in the Superior Court of Iredell County alleging that the officers and agents of the Kincaid Veneer Company had made sSlandering remarks against one, W. 8, McHarzue seeking to recover from the insolvent corporation the sum of $15000;3 that the Receiver has received nothing for his services in securing witnesses for the trial of this action and went to a great deal of trouble and spend a lot of time with his attorneys preparing the case for trial; that the case upon the call of the action for trial was settled by a compromise approved by the court of $50. 6th. That the Receiver in addition to all of the foregoing transactions has performed his regular duties as provided by law for’ the winding up and administering the affairs of insolvent cor- ~ porations in receivership, and has made the following collections from the assets and herewith reports the receipts and disbursements made by him and asks that they be approved by the Court: RECEIPTS July 1st 1929 Statesville Show Case Company Acct. $13.25 . Carolina Panel Company account, 127.50 *. Sead 1929 Statesville Furniture Company Acct. 5.00 4 Phoenix Furniture Company Acct, 17,37 5th 1929 Atlas Furn Mfg. Co. Account 302,74 Sontheorn Rwy Freight refund Claim 20.11 " 45.05 6th Statesville Chair e Account 84.94 Hickory Chair Mfg. Co., 96.14 224 Southern Toy Company 5.36 Fox Mfg Company 864.20 G, M, Finger 17.50 30th 1929 Boyce Mfg. Company 1644.70 Boyce Mfg. Company e 49.83 Statesville Chair Co . Sale of veneers 39.23 Statesville Chair Co. Sale of veneers 29.02 Statesville Veneer & Panel Co. ” 21.60 Sept. 11, 1929 Bliss Plywwod Co. Accognt 606.55 Wayne Furn Mfg. Co. a 10.67 Wayne Furn. Mfg. Co. ” 22.365 Phoenix Furn Mfg Co 15. 39 Brumby Chair Co = -108.80 Sale of Veneer - 35 Oct. 15, 1929 Brumby Chair Co., . 212.86 Statesville Veneer & Panel Co Veneers 40.74 oe " " " ROnt of ce Machine 86.00 Kennedy Plywood Co Sale of Veneers 162.28 Kennedy Plywood Co Account 592.31 Sale of old crates 2. 60 Sale of veneer 1,00 Sale of veneer Wade C. Rimmer 1.71 Oct 31, 1929 Empire Chair Company Account 500.68 Sale of veneer Elkin Furn Co. 400.00 Dec. 5, 1929 Interest W. kb. Lincoln Co. 5.52 Austell Ogbinet Co Account 113, 52 Austell Cabinet Co ® 226.45 Atlas Furniture Co 401.20 Dec. 18, 1929 Fox Mfg. Co. 605.49 Atlas Furn Efg. Co 600.00 Lanier Furn Co. 6.79 Fan 29, 1930 Sherrill-Green Purn Co , 90.00 Interest W, bh, Lincoln ®" 5. 62 Fed. 6, 1950 The Smiths, Inc. 137.65 Mar. 12, 1950 Refund on Insurance Premiums 358. 51 Refund of watchman’s pay Newbold & Wamer 35.00 % Mar. July 2, w.. BF Aug. 9, Sept. Cet. 7, Oct. 8, Oct. 31 Nov. Nov. 27, 15, 26, 1930 1930 , 1930 1930 1930 1930 , 1950 12, 1930 Out of the funds on hand 1930 1930 G. M. Finger 78.54 80.00 151.50 5.52 Sale of veneers Sale of 10 bags Perkins Glue Atlas Furn' Mfg Co Account Interest W. L. Lincoln Co. Interest W, L. Lincoln Co 5.52 Interest Toccoa Furn Mfg Co 93.19 Sale of Veneers to Kennedy Plywood Co 200.00 Sale of accounts To 4, B, Raymer 25.00 Atlas Furn Company 87.75 H. H, Tomlinson Sale of Veneers 11.61 W. A. Thomas For Truck sold Mar 27,1929 Sale of Veneers Kennedy Plywood Co K, Kincaid Sale of Car Interest on Certificate of Deposit 154.76 $9368.07 the Receiver reports the following disbursements made by him under the orders of the Court or und sOlidated Statutes given to receiver corporations, all of audited July 6, July 19, "nm 13, ° cv. 18, 19, Aug. 3, 24, 4 18, 9, 30, Nov. 2, oa, 14, 19, 25, 25, 50, Dec. 6, 21, 21, 23, a6, 28, Jan 21, Fed 5, 17, 20, and 1929 1929 1929 1929 1929 1999 1929 1929 1929 » 1929 Statesville Buick Co, 1929 1929 1929 1929 1929 1929 29 29 29 29 29 29 29 29 29 22 29 29 29 29 29 29 29 29 29 30 30° 30 30 30 DISBURSEMENTS OR PR&SFERRED CLAIMS Day and night watchman to Feb. lst 1930. Bond of Temporary Receiver Labor sorting stock Permanent Receivers Bond Stamps Stamps Miss Katherine Kincaid Salary for July Labor for removing trash Labor for removing rubbish Repairs to Buick car City of Statesville- for lights and water repairs of Buick Stamps Statesville ‘fg Co for roofing for repairs Labor cleaning up premises Western Union for telegrams Scott & Collier--Cests in H, B, McLain Case City of Statesville for lights and water P, P, Dulin for 1927 County tax and penalty P, 0, Box rent and stamps Labor for cleaning up J. ©, Rodgers & Co On auditing account Labor Cleaning up Plant City of Statesville Mights and water D. H. Lazenby for repairing watchman's Clock Scott & Collier Payment on Attorneys Fees PF. H, Deaton Payment on Receiver's Commission City of Statesville Por lights and water Greensboro Daily News Advt. of plant sale Charlotte Observer Advt. plant sale Kerosene L. CG, Wagner Balance pledged on Atlas Purn, Mfg.Cco Kerosene City of Statesville for lights and water J. B, Bodger's and Co. Balance on auditing Statesville Realty ® Inv. Co for insurance Scott & Collier Court Costs : City of Statesville Lights and water 50.00 10Q.00 IT 6500" and collected by the Receiver, either er authority contained in the Con- s in the winding up of insolvent which are herewith reported and asked to be approved by the Court: $1087.50 20.00 24.90 15.00 5.00 4.00 100,00 3. 70 4.00 6.60 17.91 7.50 3.00 1. 50 4.00 + 90 2, 80 17.75 250.16 4. 50 1.35 100.00 5.00 £8.45 5.00 200.00 200.00 15.08 4. 50 4.96 - 65 232.96 36 23.11 137.50 4560.00 3. 00 17.83 Scott & Collier Fees allowed by Court inMofarcue case 250.00 J, L. Milholland and CSC Judgment & Cost MoHarguease Peoples Loan & Savings Bank for Insurance Karl T. Deaton Duplicate title for Pord Truck 63.20 150,00 2,00 City of Statesville for lights and water 20. 50 Scott & Collier Court cost iiorth State furn Co 2. 50 Ja M, Sharpe. P. M. for box rent 1.50 Brady Ptg Co for cash book and notices of plant sale ' 4.00 Kennedy Plyweod Co for bundling up miscellaneous stock 58.59 Robt. A. Collier Car expense and legal servies in Toccoa Furn Mfg Co matter 70.00 Miss Katherine Kincaid Clerical Sefvices 100.00 Statesville Daily 8.80/ Statesville Realty & Investment Co. Boné 25.00~ J. L. Milholland CS@ Court cost 27.80 v 1, 30 Scott & Collier Court costs in McHargue Gse 3.00 Lazenby-Montgomery Hdwe. Co., night watchman's lanterna 2.50," ~ “Pry After paying all the preferred claims and expenses of the receivership with the exception of attorneys fees and commissions to the Receiver, except the sum of $200 paid to each on the 14th day of November, 1929, under an order of the Court, the Receiver and attorneys have received nothing for their services and asks the court to allow the receiver commissions of five per cent on receipts and five per cent on disbursements and an additional fee of $200 for negotiating and selling the real estate of the insolvent corporation, which sale does not appear in this- report, in the report of the re- ceipts and disbursements but is reported in- paragraph of the petition whitch fees when alloweé shall be credited with the payment of $200 heretofore made . The receiver requests that the attorneys representing him in all the controversies herein reported and advising him upon all questions that have arisen in the administration of this estate and for the conferences held to negotiate the sale a fee of $750 which fee when allowed shall be credited with the payment of $200 heretofore made by the Re@eiver. The Receiver reports that after paying the allowances herein made that the following claims have been filed with him and @llowed by hig and should participate in whatever dividend is de- Clared, and asks that the Court order a rateable dividend paid upon these claims. Kame Address Amount of Claim L. D. Kerr Mt. Ulla, W. C, $252.15 Maxton Mfg. Co. Maxton, H. Cc. 1861.19 - A. Sherrill Cornelius, 8, 60.00 - B. Snow Statesville, 3$.45- - W. H. Johnson Mooresville, 48.18 GC, Millsap Statesville, 8.35 » M. Lackey Statesville, 36.17- . », Prevette Statesville, 9.50 - CG. Perry Troutman, N. 19. 56 Allen & Leomard Statesville, Cc. 72.63- J. L. Lewis Troutman, B. 24.65 BEB, BH, Stockton Statesville, w. Cc, 2.64 Asheville Supply & Foundry Co. Asheville, MH. C, 116.24 Carolina Mator Co Statesville, NH. Cc, 4.00 Blectric Supply Co Statesville, HN. C,. 4.20- Ever Best Products Co Cleveland, Ohio 200.18 Foard Veneer Co Hayesville, i, Cc. 80. 25- Chae 8. Francis Rushville, Ind. 2. 20 Guckes Brothers & Hall 8. West Cor, 16th & Sansom Sts. Philadelphia, Pa. 3. 50° Gulf Refining °o Atlanta, G,. 13.98- International Time Recording Co. 50 Broad Street New Tork, x, Te 4, 54 - J. 0. Lee Salisbury, HM, °&, 1865.14 - Ohio Veneer Co Cincinnati, Ohio wasn. Q efor eam ee a. | / * grots & Collier, tatesville uick Co Statesville Hardware Co Statesville Mfg. Co. Statesville Realty & Invest C. H. Turner Mfg. Co Statesville, N. C. Statesville, N. C. Statesville, N. C,. Statesville, N. ¢, Co. Statesville, N. C, Statesville, N. C, U, 8S, Fidelity & Guaranty Co Statesville, ¥, C, Veneers Statesville Hardware Co T. O, Teague Cc. H. Turner Mfg. Wood Mosaic Co. American Glue Co Atlantic Appliance Co Atlantic Paint Co H. H, Barton & Son Co J, J. Bonneau Co / Beeson Hardware Co. Brady Printing Co Caroli Steol & Iron Co Charlotte S&pply Co Capital Machine Co City of Statesville, *. Frank Diehl, Inc. Davis Bospital Dixie Veneer Co Elkin Furn. Co Foreign & Domestic Venasr & Indiana Veneer & Lumber Co Imperial Furniture Company Holland ¥Srothers Co Steimway Cc, Johnson City Foundry & Machine Co. Keane Mfg. Co. 1835201854 8, ester Machinery Co. Katharine Kincaid Longs Sanatorium H. L. Kincaid L. H. Lyon Lazenby~Montgomery Hwde Co Lyon Furniture Mercantile Ca Matheson Alkali Works Bannesota Mining & Mfg. v. 8, Munday The Mercantile Agency (R, G. National Supply Co Ohio Knife Company Peerless Veneer Co Piedmont Baking Co Postal Telegraph © Harry Raymond, J. 5, Rogers & Co 0. B. Shelton Simonds, Worde, White Co Southern Furniture Journal Southern Bell Tel & TEl1. Co Standard O11 Co Western Union Telegraph Co Statesville Cotton Mille Statesville, Drug Co Statesville O11 Co J. ©. Steele & Sons Btudbds Veneer Co Superior Veneer Co Statesville Tin Co Troutman & Son Veneer Machinery Co Wabash Veneer Co Wallace Brothers Cc. L. Willey Co Co 701 Wulsin Building, Indianapolis, Ind. Statesville, W. C, Taylorsville, HB. Cc. Statesville, NW. Cc, bouisville, Ky. 121 Berkley $t. Boston, Mass. 449 West 424 St. New York City 185 Madison Ave., New York City Holmesburg, Philadelphia, Pa & Jackson Aves. Long Island City, ¥. Y. High Point, *. C. Statesville, HB. Cc. Greensboro, 4. C, Charlotte, NJ. Cc. Indianapolis, *nd Statesville, 4. C. Wabash, Ind. Statesville, J, Cc. Norfolk, Va. Blkin, HW. C, Louisville, HW. C. Indianapolis, Ind Statesville, HW. Cc. Statesville, WH. Cc, Johnson City, Tenn. Clark St. Chicago, 111 Winston-Salem, ¥. C, St tesville, WN. C, Statesville, NW. C. Statesville NW. Cc. Statesville, H. c, Statesville, MN. Cc, High Point, W. Cc. New York City, U. Y. St. Paul, Minnesota Statesville, NW. C. Dumm & Co} Chantotte, N. Birminghan, Ala. Cincinnati, Qhio High Point, HW. Cc. Statesville, #. C, Statesville, N. Cc. High Point, “. Cc, Statesville, HN. Cc. Greensboro, H. C. Dayton, Ohio High Point, 4%, Statesville, W N C. C. e C. Charlotte, MH. Cc. Statesville, 4. Statesville, 4H. Statesville, H. Statesville, 4, Statesville, 4§. Lenoir, HW. ©, High Point, a. Cc, Statesville, *, C, Statesville, BH. Cc. Grand Rapids, Mich Indianapolis, Ina Statesville, N. o, Chicago, 411. wv 5.00 — 37.00 ~ 3.25: 2. 00- 733.52 - 15.85~ 249.38 - 1.00 75.00 75,00: 125. 00- 225.00 ~ 64, 20 - 14,85 ~- 36.50 ~- 121.40 ~- 198. 00 ~ 2.80 - 93.08 - 30.00 ~ 5. 52 11.35- 131 aoe . 7.08 - 126.00- 205.15- 18. 00- 400.00 - 315.45 m 115. 00~ 41.60~ 17.53~ 2526.65° 12. 49 - 90.00 55.00 359.21. 4.00 47.16° 50.00—. 45,00° 20.00 - 7.54° 150.00 - 110.00. 96.92° 275.38- 44.00- 1.96- 1690.72- 100.00 2035.45 - 235.10 ’ 62.50 © 25.40 14.85” 6.82” 12.00° 1.50” 72.98 30. 60 ~ 9.91 ° 422. 57’ 8.30 “ .4.60 ~ $.12° 1404.40 22.00 4511.60 “” ar & J. S. Mathews R. L. McCrary J. L. Ingram J. a Anthony J. W. Brown Crawford & Porter Lumbee Veneer Co R. EH. Ketchie D. W. Petters & A, M. Hall J. DBD, Burr |? A. Selly, @r. ‘3S, BR, Mariow Brady Printing Co J. 4, Brown Dayton Veneer Co ‘ Dean Company Evansville Veneer Co Guilford Machine Works WwW. M, Kincaid EH, L, Kincaid H, LL. Kincaid Perkins Glue Co Wabash Veneer Co Cc. L, “Willey Co J. J, Bonneau Co High Point Top & Core Co 4southern Bell Telephone Co. Grier & Joyner Lexington, WN. C, Waxhaw, WNW. C. South Side, i. °, Mooresville, Wi. C. Blairsville, Ga, Alma, N. Cc. Ms. VUlia,; 3. 6. Port Millis, 3, C. Chesterfield, S. Cc, Mooresville, N. C. Statesville, ™, C. Mooresville, WN. C, Dayton, Ohio Chicago, I11 Evansville, Ind. High Point, HW. Cc. Maxton, HW. C, Statesville, 4, C, Statesville South Bend, Ina, Indianapolis, Ind. Chicago, Bike Long Island, 4. Y,. High Point, WN. C. Statésville, N. C. 36a:88- 86.00 - 169.41- 191.69 ~ 169.94 122. 50 « 101.91 - 90.00 - 162. 20 - 90, 25~- 28.3)” 250.00 ~ 100.00° 200.00” 3100.00 * 1400. 00 “ 150550 - $20.03° 3375.00~ 3111.00 ~ 1700.00 “ 2261.45 - 1600.00 ~ 393,01 ~ 198368 2 All of which is respectfully submitted and asked to be approved by the Court, the fees and commissions ordered paid, and a rateable dividend declared out of the remainin ¥. H. Deaton Receiver-Kincalad Veneer Co. asses. » STATE OF NORTH CAROLINA COUNTY OF IREDELL In The Superior Court H. L. Kincaid, et. al. vs JUDGMENT. Kincaid Veneer Company, a corporation, The above cause coming on to be heard before his Honor, J. H. Clement, Judge Presiding in the Fifteenth Judicial District, and it appearing to the Court from the report of FP. H,. Deaton, Receiver of the Kincaid Veneer Company, that all trans- actions relating to this insolvent corporation have been closed up3 that the Receiver has converted all ee assets of the corporation into money; that all of the preferred claims of the Kincaid Veneer Company and the expenses of the receivership with the exception of Attorneys’ fees and commissions to the Receiver have been paid in fulls that the Receiver has collected from the assets of the corpor- ation $9248.07, and has performed other duties which are not account- ed for in his report of receipts and disbursements and for which he has received no commissions for services rendered. It further appears to the Court that commissions to the Receiver of five percent on receipts and five per cent on disburse- ments together with a fee of $200 @F negotiating the sale of the real estate is a fair and reasonable expense against the corporation and that a fee of $750 to Scott & Collier, Attorneys, for their services is a fair and reasonable charge ana should be allowed. [t further appears to the Court that the report of the receipts, disbursements and accounts filed are in order and should be approved, It is, therefore, ordered and adjudged that the report of receiver be and the same is hereby, in all respects approved; that + the fees and commissions as set out in the petition are in order and allowed by the Court, and that a ratable dividend be paid out of the remaining assets then in the receiver's hands to all the Creditors who have filed their claims as appear in the Receiver'’s report. THIS, 1g day of November, 19530. Judicial. District. North Carolina | Iredell County | In the Superior Court. H. Le Kincaid, as an Individual, and Stockholder of the Kincaid Veneer Co., on behalf of himself and all other creditors and stockholders who may come in and make themselves parties to this action, FINAL SETTLEM "NT OF RECEIVER vs Kincaid Veneer Company, a Corporation. ee ee eee ee fhe undersigned Receiver herewith makes his final and supplemental report to the teport made in this cause on the 18th day of Nov. 1930, and pursuant to the judgment entered in said report, herewith makes his report of the dis- bursements ordered by the Court: Nov. 19th, Paid to Scott & Collier, Attornsys $550 .00 Nov. 19th, Paid to F. H. Deaton, Receiver, Commi ssions on receipts of $9364.07 @ 54 468 {00 Nov. 19th, Paid to F. H. Deaton, Receiver, Commissions on disbursements of $7721.00 @ 5% 386.00 The Receiver reports that after paying the above preferred claims, as ordered by the Court, and the preferred claims as appear in the prior report and approved by the Court, that he had a balance on hand to be ratably dis- tributed among the unsecured creditors of $4190.22; that the aggregate amount of unsecured claims filed was $37,699.99; that the Neceiver has paid from this amount a dividend of 11.1% on the following claims, which claims were approved by the Receiver ami His Honor, J. H. Clement, Judge presiding in the 15th Judicial District: NAME OF CREDITOR AMOUNT OF CLAIM 11.1% DIVIDEND L. D. Kerr $232.15 $25.76 Maxton Manufacturing Co. 181.19 20.11 M. A. Sherrill 60,00 6,66 J. B. Snow 3.45 38 J. W. H. Johneon 48.18 5.34 L. C. Millsaps 8.35 92 E.M. Lackey 36.17 4.01 S. S. Prevette 9.50 1.05 Ww. C. Perry 19.56 2.17 Allen & Leonard 72.63 8.06 I. Le Lewie 24.85 2.75 E- H. SteBkton 2.64 -29 Asheville Supply & Foundry Company 116.24 12.90 Carolina Motor Go. 4.00 4 Plectric Supply Co. 4.20 -46 Ever Best Products Co. 200.18 22.21 Foard Veneer Co. 80.25 8.90 Chas,» E. Francis 2.2 24 Guekes Brothers & Hall 3.50 Gulf Refining Company 13.95 International Time Recording Co. 4.54 J. 0. lee 185.14 Ohio Veneer Co. 61.55 Scott & Collier, Attorneys 185.00 Statesville Buick Company 37.00 Statesville Hardware Company 3.25 Statesville Manufacturing Co. 2-00 Statesville Realty & Investment Co. 733.52 ' C. He Turner Manufacturing Co. U. S. Fe. & Ge Co. Veneers Statesville Hardware Co.. T. O. Teague C. H. Turner Manufacturing Co. Wood Mosaic Company American Glue Company Atlantic Appliance Company Atlantic Paint Company H. H. Barton & Son Co. J. J. Bonneau Company Beeson Hardware Company Brady Printing Company Carolina Steel & Iron Co. Charlotte Supply Company Capital Machine Company City of Statesville Frank Diehl, Inc. Davis Hospital Dixie Veneer Company Elkin Furniture Company Foreign & Domestic Veneer Co. Gndiana Veneer & Lumber Co. Imperial Furniture Company Holland Brothers Johnson City Foundry & Machine Co. Kane Manufacturing Co. Kester Machinery Company Katharine Kincaid Long's Sanatorium H. L. Kincaid L. H. Lyon Lazenby-Montgomery Hardware Co. Lyon Furniture Mercantile Co. Matheson Alkali Works Minnesota Mining & Manufacturing Co. W. B. Munday The Mercantile Agency National Supply Canpany Ohio Knife Company Peerless Veneer Co. Piedmont Baking Company Postal Telegraph Company Harry Raymond J. B. Rodgers & Co. O. B. Shelton Simonds, Worde, White Co. Southern Furniture Journal Southern Bell Telephone Company Standard 011 Company Western (nion Telegraph Oo. Statesville Cotton Mills Statesville Drug Company Statesville O11 Company J. C. Steele & Sons Stubbe Veneer Company Superior Veneer Company Statesville Tin Company Troutman & Son Veneer Machinery Canpmy Wabash Veneer Company Wallace Brothers Company C. L. Willey Company J. S. Mathews R- L. MoCrery J. L. Ingram J. W. Anthony $15.85 249.38 1.00 75.00 75.00 125 .00 225.00 64.20 14.85 36.50 121.40 198.00 2.80 93.02 30.00 5.52 11.55 131.92 7.08 126.00 205.15 18.00 400.00 515.45 115.00 41.60 17.53 2326 ,65 12.49 90.00 55.00 539.21 4.00 47.16 50.00 45 .00 20.00 7.54 150.00 110.00 96.92 275.38 44.00 1.96 1690.72 100.00 203.45 233.10 82 .50 J. W. Brown $191.69 Crawford & Porter 169.94 Lumbee Veneer Company 122.50 A. H. Ketchie 101.91 D. W. Petters & A. M. Hall 90.00 Je D. Bure 162.20 P. Ae Keliy, Ive 90.23 J. R. Marlow 28.351 Brady Printing Company 250.00 J. W. Brown 100.00 Dayton Veneer Company 200.00 Dean Company 3100.00 Evansville Veneer Company 1400.00 Guilford Machine Works 130 .50 W. M, Kincaid 320.03 H. L. Kincaid 3575.00 H. L. Kincaid 3111.00 Perkins Glue Company 1700.00 Wabash Veneer Company 2261.45 C.L. Willey Company 1600.00 J. J. Bonneau Company 393.01 High Point Top & Core Campany 186.59 7699.99 °20 The Receiver reports that after paying the above dividend, as set out, he had a balance on hand of $6.02 which was used for envelopes and stamps in mailing out the final dividend. All of which is wrewith reported ani asked to be audited, approved and ordered filed ami recorded by the Court and that the Neceiver and his bond be discharged from any further liability m account of this insolvent estate, Respectfully submitted, this Nov. 19th, 1950. North Carolina In the Superior Court Iredell County January Term. H. L. Kincaid, Individually and H. L, 4incai@,as a Stock- holder, on behalf of himself and all other stockholdors and creditors who may come in ard make themselves parties , JUDGM NT, plainttfTf in® thie atspead~s~ - «}- STERN —~ vs Kinsaiad Veneer Company This cause coming on to be heard before His Honor, John M. Oglesby, Resident Judge of the Fifteenth Judicial District, and it appearing to the Court, that the Receiver in the above entitled action has complied with all the orders of the Court heretofore made and that his final report of receipts and disbursements bas ty been filed and approved by the Court. It is therefore ordered and adjudged that the Receiver appointed by the Court in this action be discharged and that his bondsmen be released from any further liability. “Tt is further ordered and adjudged by the Court that the defendant cor oration be, and it is hereby dissolved, District. mill of Costs—Clvil-—-Printed and for eale by Brady Printing Co., Statesville, N. C. Original Summons, or other original process, “inelud- ing all names therein te i. - Every copy of same . - pi ‘ | Filing Complaint and Affidavit * > Filing Answers and Affidavit a Bond, including Justification - Appeal from Justices - - Pe Appeal from Clerk to Judge - * Order for enlarging time of pleading 2 Cslleam Orde ie ‘fa Me Injunction Order, in waing. Bond afd Justification 1. 00 | Order of Ar: eat Subpoena, each name - st - ~ Notifying Soliciter of Removal of Guardian | Continuance - - - - - * Caveat to a will, entering and docketing - Issuing Commision ~ a - = - } Affidavit, including Jurat and Certificate - Seal . - - 7 im ~ - | Motion, Entry and Record of - ~ . Notice * - - - - - Notice, for each name over one in same paper } Impaneling Jury - . st Justification of Sureties, enneps as otherwise provided . - im = Judgment final in term time - Judgment final before Clerk Judgment in favor of Widow's Year Docketing same . - - “ Docketing ex parte Proceedings Docketing Judgment - - Docketing Summons Indexing Judgment | Transcript to poop Court } Sheriff sit Lath Constable - o Magistrate . - - Plaintiff’s Witnesses » | Defendant’s Witnesses oe CIVIL DOCKET. BILL OF COSTS--CIVIL. (As Fixéd by the Code.) Receiver 1930 North Carolina, In Superior Court. Iredell County. e@eeeeeeeveeeeenweeeeseeeeeweeeeeneee C.L.Williams, Receiver of $ Commercial National Bank of : Statesville, North Carolina.: JUDGMENT vs. : H.E.Lewis and A.P.Davidson *@eeee#@eeeeoee eee eee eeeeneaee eee ee This cause coming on to be heard at the November Term,1930, of the Superior Court of Iredell County, North Carolina, before Hon. J.H.Clements, Judge, upon the complaint and the defendants having admitted in dépen court each allegation of the complaint; And it further appearing that the plaintiff is entitled to judgment against the defendunts on the note sued on, It is now, upon motion of E.M.Land, Attorney for the plaintiff C.L.Williams, Receiver of the Commercial National Bank of Stateaville, North Carolina, ordered andadjudged that the plaintiff C.L.Williams, Receiver, recover of the defendants H.E.Lewis and A.P.Davidson the sum of $250.00 with interest from September 28th,1928, and qll cost of the action to be taxed by the Clerk. q STATE OF NORTH CAROLINA, Ili) THE SUPERIOR COURT. COUNTY OF IREDELL. J. D. Kenerly, vB. SUPERSEDEAS BOND. C. A. Stearns, David B. Harris and Tristam B. Hyde, Trustees. WHEREAS, on the 30th. day of May, 1930, the above named plaintiff recovered judgment against the above named defendant, CG. A. | Stearns, in the Superior Court of Iredell County, for the sux of ! $4,255.96, with interest thereon from the first day of March, 1928, until paid, at the rate of six per cent per annum, and for one-half of the costs of the hearing before the referee, including stenographer's fees and referee's fee and for the court costs of suit; and, WHEREAS, the defendant, C. A. Stearns, has appealed from the said judgment to the Supreme Court of North Carolina, and tries to stay the issuance of execution upon said judgment pending the determination of said appeal; and, WHEREAS, the Court has directed that bond in the sum of $5,000.00 be filed to stay issuance of execution: NOW, THEREFORE, we, C. As Stearns, as principal, and 7 the County of Iredell and State of North Carolina, undertake, pursuant to the statute, that if said judgment, or any part thereof, be affirmed or the appeal be dismissed, the said appellant will pay the amount di- rected to be paid by the judgment, or the part of such amount as to which the judgment shall be affirmed, if it be affirmed only in part, and all damages which shall be awarded against the appellant upon said ' appeal, but not exceeding $5,000.00. CELE, 7 (Seal) (Seal) Hil Laurnete T Masa Besseoneiry (8001) q @ NORTH CAROLINA, : being duly and sever ally sworn, each for himself, says: That he is a resident and free-holder in the State of North Carolina, and worth double the sum specified in the above undertaking, over and above all his debts and liabilities and exclusive of property exempt for execution. te) Face ouctee LI aia ithe balin Sworn to and subscribed before me, this the*>< day of Jum, 1930. (AL ltt Zee 7