Farmers Bank of Virginia (Richmond, VA)

Article Text

FARMERS BANK OF VIRGINIA -- The Richmond Times says:- "This bank on Saturday made a deed of trust, assigning all of its assets to John M. Goddin and Samuel C. Robinson, who are the Cashier and President of the Planters' National Bank. The deed is for the benefit of all its creditors, giving preference to itsnote holders, providing it be lawful. Should such preference not be lawful, then the assignment is for all creditors equally and equitably to share and share alike. The deed also provides for the payment of the salaries of all the officers of this bank since its suspension."

Article Text

ASSIGNMENT OF THE FARMERS BANK

-On the 19th instant, the Farmers Bank of Virginia, through its president, William H. Macfarland, and Directors John E. Wadsworth, James B. Dupuy, Allen Y. Stokes, and Robert A. Mayo, made a deed of assignment of all the assets of the bank to Messrs. John M. Goddin and Samuel C. Robinson, trustees, in accordance with the act of the General Assembly of 12th February, 1866, requiring such deed conveying such assets to be distributed amongst all persons, corporations, and associations entitled to share in such distribution, according to the legal rights and priorities of such persons and corporations at the time such deed shall be executed." The deed conveys the entire proceeds of the bank upon condition that the trustees "shall proceed without delay to convert into current money all the assets of the existing in that form, and the debts the name action, bank by not collecting (using already of and the choses bank in in suits for that purpose when necessary or proper,) or by selling," &c.; sales to be made at such time and upon such terms, and in such manner, as the said trustees may determine. The entire proceeds, after deducting the expenses and the commissions of the trustees, to be appropriated after " paying thereout all salaries due the officers of the bank, and reasonable faes and compensation for professional or other services rendered to the bank since its general operations were suspended," to the redemption of the outstanding circulation or notes of the said bank ratably among the holders thereof, who shall present the same for redemption within six months after the publication of notice" in two or more newspapers in the city of Richmond. It is provided that in the redemption those note. holders who have received partial payment upon their notes shall not receive more until all other holders presenting their claims within the six months shall have received an equal amount upon their notes. It is further provided that those who have taken a specified sum in full satisfaction of their notes, and shall have surrendered the same, shall not be entitled to receive anything further. The residue of the fund in the hands of the trustees to be applied ratably to the satisfaction of all other debts and liabilities. But the deed closes with a proviso relating to the construction of the act of 12th February, 1866, and that part in italics in the beginning of this article. The deed says that, should that be legally construed SO as to require a distribution " among all the creditors of the said bank not having specific liens on property of the bank," then the said assets shall be distributed by the trustees accordingly, and they " shall not make or attempt any distribution giving preference or priority to the noteholder as aforesaid."

Article Text

OTICE-TO ALL WHOM IT MAY CONCERN

-Notice is hereby given that N the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same. setting forth the amount claimed, with me. DAVID J. SAUNDERS, Receiver. Richmond, my 18-2aw6m

Article Text

OTICE

-TO ALL WHOM IT MAY N CONCERN.-Notice is hereby given that the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having file claims against said banks must forthwith notices of the same, setting forth the amount claimed, with me. DAVID J. SAUNDERS, Receiver. Richmond, my 18-2aw6m

Article Text

NOTICE-TO ALL WHOM IT MAY CONCERN.

Notice is hereby given that the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount claimed, with me. DAVID J. SAUNDERS, Richmond, my 18–2aw6m Receiver.

Article Text

NOTICE TO ALL WHOM IT MAY CONCERN

Notice is hereby given tha, the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches. All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount claimed, with me. DAVID J. SAUNDERS, Richmond, my 18-2aw6m Receiver

Article Text

WANTED.

1000 CORDS OF GOOD CHESTNUT OAK BARE, for which we will pay $14 per cord, delivered at Alexandria on the cars of the O., A. & M.R. R., or at the Tannery We also want 500 CORDS OF GOOD BLACK OAK BARK, for which we will pay $10 per cord. We have always on hand OAK and HEM- LOCK SOLE LEATHER, UPPER LEATH- ER, of all kinds, Harness, Bridle and Skirting Leather, which we sell at the lowest cash prices, We are paying the highest cash prices for good BEEF HIDES, dry and green. C. C. SMOOT & SONS, Alexandria, Va ap 11-tf

NOTICE.—TO ALL WHOM IT MAY CONCERN.— Notice is hereby given that, the undersigned has been appointed by the Circuit Court of the United States for the Dis- trict of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duty authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount claimed, with me. DAVID T. SAUNDERS, Richmond, my 18-2aw6m Receiver

Article Text

NOTICE-TO ALL WHOM IT MAY CONCERN

Notice is hereby given tha, the undersigned has been appointed by the Circuit Court of the United States for the District of Virginia, receiver of all the assets of the Farmers' Bank of Virginia, and of all its branches, All persons indebted to said banks are hereby notified forthwith to pay such debts only to the receiver or his duly authorized agents and attorneys; and all persons having claims against said banks must forthwith file notices of the same, setting forth the amount claimed, with me. DAVID J. SAUNDERS, Richmond, my 18-2aw6m Receiver

Article Text

By W

Goddin, Auctioneer and Real Estate Agent. ECEIVER'S SALE OF LOT ON THE R NORTH SIDE OF FRANKLIN BETWEEN TWENTY-FIRST AND TWENTY-SECOND STREETS.-At - the request of Mr. David J. Saunders. Receiver of the Farmers Bank of Virginia, I shall sell at auction. on the premises, on THURSDAY the 17th March, 1870, at it o'clock P. M., part of the LOT (No. 63) located as above. fronting 44 feet, running back the depth thereof. TERMS : One-third cash ; balance at four W. GODDIN. months, interest add d. Auctioneer. mh 14

Article Text

AUCTION SALES.

SALE OF THE EFFECTS OF THE FARMERS BANK OF VIRGINIA.

In obedience to a decree of the Circuit Court of the United States for the District of Virginia, the under-signed will, on the 22D DAY OF JUNE NEXT, beginning at 10 o'clock A M, at the Court House door of said court, in the Custom-House building, in the city of Richmond, make sale, for cash, of all the effects of the Farmers' Bank of Virginia, consisting of BONDS, BILLS, NOTES, JUDGMENTS, DECREES, and whatsoever else there be.

Creditors of the Bank, whose claims have been allowed, are, under said decree, entitled to set off at par their claims against any purchases of said effects they may make.

A descriptive list of said effects may be seen at the office of David J. Saunders, on Eleventh street, between Main and Bank, in Richmond, which the public are invited to call and examine. This list will be printed for circulation, and will be ready as soon as it can be prepared.

DAVID J. SAUNDERS, Receiver Farmers' Bank of Virginia. ap 15-lawtds

Article Text

10 In the U

S. Circuit Court, in session Richmond, on Friday, in the case of Payne VS. Farmers' Bank of Virginia, John S. Morson was, by the judge, appointed receiver in place of D. J. Saunders, deceased, and in the case of Mellwaine VS. Bank of Virginia, John E. Taylor was appointed receiver in place of Mr. Saunders. The U. S. District Court, which has been is session in Richmond, has adjourned till November 11th.