Farmers State Bank (Regan, ND)

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"NOTICE TO CREDITORS In the Matter of the Insolvency of the Farmers State Bank, Regan, North Dakota. Notice is hereby given by the undersigned, L. R. Baird, of Bismarck, North Dakota, as Receiver of the Farmers State Bank, Regan, North Dakota, to creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary youchers with the undersigned receiver at his office at Bismarck, within four months after the first publication of this notice. If said claims are not SO filed, they will be barred from any participation in any dividends which may be paid by the Receiver from the assets of said insolvent bank. Dated February 5th. 1924. L. R. BAIRD, Receiver, First publication on, 5th day of February, 1924." 2-5-12-19-26

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"NOTICE TO CREDITORS In the Matter of the Insolvency of the Farmers State Bank, Regan, North Dakota. Noticeis hereby given by the undersigned, L. R. Baird, of Bismarck, North Dakota, as Receiver of the Farmers State Bank, Regan, North Dakota, to creditors of said insolvent bank and to all persons having claims against said insolvent bank to exhibit them and file them with the necessary vouchers with the under-

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EFFORT BEING MADE TO OPEN BANK AT REGAN Charges Against O. R. Vold Dismissed - Explanation Filed by E. S. Allen The case against O. R. Vold, formerly an officer of the defunct Farmers tSate Bank of Regan, in which a charge of receiving deposits in an insolvent bank had been made, has been dismissed in district court by States Attorney E. S. Allen. Mr. Vold said today that an effort is being made to reopen the bank. The states attorney filed written reasons for dismissal. of the case, saying in part: "I am of the opinion that in this case it is doubtful if a conviction could be had, the facts would show that the defendant was irregular in his methods as an officer of the Farmers State Bank of Regan, and received deposits at a time when the bank, was in my opinion, insolvent, that is, such insolvency as is so defined by the code, but it would be very difficult to show that the defendant has actual knowledge of actual bankruptcy and insolvency, that is, that the assets were not equal to the liabilities, and the deposits were received by the defendant not for his own use but in a desperate effort to keep the bank open. The stockholders and depositors formed an association and appointed a committee to take steps to reopen the bank and to confer with the defendant and see if a settlement could be made with him, and at this time I am informed by the said committee that a satisfactory settlement has been made by them with the defendant and that in all probability the bank will reopen at a comparatively early date, and that they are willing that this action should be dismissed, the complaint in the justice court for the arrest of the defendant having been made under instructions of the said committee. This settlement and request for dismissal was done with the approval of the state examiner and the receiver of said bank, and they have informed me that I would be justified, under the circumstances, in asking for a dismissal of the said action against the defendant."

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nier, and Patterson. Moved by Commissioner Soder, seconded by Commissioner Swanson, that, WHEREAS, the Farmers State Bank of Regan, North Dakota, is desirous of reopening the bank which was closed on December 14th, 1923, and having since been in hands of the General receiver, and WHEREAS, Burleigh County has on deposit in said Farmers State Bank of Regan, North Dakota, the sum of $5,000.00, and WHEREAS, a request is now made of this board that the County enter into a contract, with said Farmers State Bank of Regan, North Dakota, wherein the said bank will repay the County in the following manner Ten per cent in two years, twenty per cent in three years, thirty per cent in four years and the remaining forty per cent in five years from the date of the reopening of the bank, and that such contract is being entered into to enable the bank to reopen under the requirements of the State Guaranty Fund Commission. BE IT THEREFORE RESOLVED, That this board authorize the County Treasurer to sign such a contract in behalf of Burleigh County with the understanding, that if the bank does not open again, this contract shall be without effect. BE IT FURTHER RESOLVED, That the State's Attorney be required to draw an instrument in writing for the purpose of being signed by the bondsmen, and wherein the bondsmen will approve of such contract entered into, and wherein the bondsmen now on the bonds will continue on the bond to the County. Same being in accordance with the Attorney General's opinion dated April 22nd, 1924. When proper approval of the proper instrument signed by the bondsman has been approved and accepted by this board this resolution shall be in effect. Roll call Commissioner Soder, aye; Commissioner Moynier, aye; Commissioner Backman, aye; Commissioner Swanson, aye; Commissioner Patterson, No. Afternoon March 4th, 1925 The Board of County Commissioners reconvened with the following members present: Commissioners Soder, Backman, Moynier, and Swanson,

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($3526.43) and the costs and expenses of foreclosure and sale. Dated this 9th day of June, A. D. 1925. FARMERS STATE BANK, REGAN, NORTH DAKOTA, By L. R. BAIRD. Receiver, Mortgagee. ZUGER & TILLOTSON, Attorneys for Mortgagee, Bismarek, North Dakota. 6-9-16-23-30-7-7-14

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NOTICE OF MORTGAGE FORE-

CLOSURE SALE

Notice is hereby given that that certain mortgage executed and de-livered by Will Banik, a single man, Mortgagor, to Farmers State Bank, Regan, North Dakota, Mortgagee, dated the 23rd day of October, A., D. 1920, and filed for record in the office of the Register of Deeds of the County of Burleigh and State of North Dakota, on the 20th day of May A, D. 1921, and duly recorded in Book 162 of Mortgages, at page 570, will be foreclosed by a sale of the premises in such mortgage and hereinafter described, at the front door of the Court House, in the City of Bismarck, County of Burleigh and State of North Dakota, at the hour of two o'clock in the afternoon on the 17th day of July, A. D. 1925, to satisfy the amount due upon such mortgage on the date of sale. The premises described in such mortgage and which will be sold to satisfy the same are described as follows, to-wit:

The Southeast Quarter (SE¼) and the Southeast Quarter of the Northwest Quarter (SE¼) of Section Twenty-three (23) in Township One Hundred Forty-three (143), North of Range Seventy eight (78). West of the Fifth Principal Meridian, in the County of Burleigh and State of North Dakota.

There will be due on such mortgage at the date of sale the sum of Three Thousand Five Hunred Twenty-six Dollars and Forty-three Cents ($3526.43) and the costs and expenses of foreclosure and sale. Dated this 9th day of June, A. D. 1925.

FARMERS STATE BANK. REGAN, NORTH DAKOTA. By L. R. BAIRD, Receiver, Mortgagee.

ZUGER & TILLOTSON, Attorneys for Mortgagee, Bismarck, North Dakota, 6-2-16-23-30-7-7-14

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Open Eyentags

Three red cows, ranging in age from 6 to 10 years old. On black calf, heifer, age 8 months. One roan calf, steer, age 8 months. One roan red calf, heifer, age 8 months. Two red heifer calves, age 8 months. One red calf, age 8 months. Machinery One 14-inch gang plow, P. & O. One 5-ft. McCormick mower. One 10-ft. Kentucky double disc drill. One 10 ft. Oliver Tandem engine disc. One McCormick hay rake. One P. & O. Wagon complete with triple box. One Universal wagon. One 5-section wooden drag. Two sets work harness. One bull rake. One Ford Sedan, complete. One 15-27 Case tractor, complete. Dated at Bismarek, North Dakota, this 26th day of October, 1925. L. R. BAIRD, Receiver of Farmers' State Bank of Regan, North Dakota, Mortgagee, By E.T. MYHRE, Agent, Bismarek, N. Dak. 10-28-1t

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NOTICE TO THE DEPOSITORS IN CLOSED BANKS

Pursuant to provisions of Section 21, Chapter 200, Session Laws of 1923, the Depositors' Guaranty Fund is now ready to pay a 10 per cent dividend on guaranteed deposits in banks officially closed after November 15, 1923, and before January 1, 1924. The Baldwin State Bank and the Farmers State Bank, Regan, are the only banks in Burleigh county included in this list. Claims of depositors must be allowed by the receiver before they can be considered by the Guaranty Fund Commission. Forms and instructions for preparation of claims of depositors against the Guaranty Fund will be found at every state bank.

Bismarck, September 18, 1926. DEPOSITORS GUARANTY FUND COMMISSION

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NOTICE OF SALE L

R., Baird, Receiver of Farmers State Bank, Regan, North Dakota, will offer for sale, all or a portion of thè assets of the above named Bank, a list of which assets can be inspected by. anyone wishing to make bids, at the office of the District Manager, Bismarck, North Dakota. Sealed bids will be accepted up to and including October 15, 1928. The right is reserved to reject any or all bids. Dated at Bismarck, North Dakota, this 27th day of September. 1928. P. A. O'KEEFFE, District Manager for L. R. Baird, Receiver, Bismarck, North Dakota. 8:28-29; 10:5-6

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NOTICE OF SALE L

R. Baird. Receiver of Farmers State Bank. Regan, North Dakota, will offer for sale all or a portion of the assets of the above named Bank, a list of which assets can be inspected by anyone wishing to make bids, at the office of the District Manager, Bismarck, North Dakota. Sealed bids will be accepted up to and including October 15, 1928. The right is reserved to reject any or all bids. Dated at Bismarck, North Dakota, this 27th day of September, 1928. P. A. O'KEEFFE, District Manager for L. R. Baird, Receiver, Bismarck, North Dakota. 8:28-29; 10:5-6

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Receivership Suit Is Taken Up Before Jansonius in Court I A jury was drawn in district court, this forenoon, to hear the suit of L. R. Baird. as receiver of the Farmers State Bank of Regan, against 12. C. Folmer, a civil action involving the validity of a bill of sale. Judge Fred Jansonius is sitting in the case. The jurors selected were George Haugen, Russell Barneck. Louis Martineson, Homer Craven, G. A. Bossert, E. E. Williams, Oscar Selvig, Allen Sawyer. Harold Breen, Fred Smith. Frank Paul and Henry McClosky. Judge Jansonius concluded the hearing in chambers of Albert Bossert. on a charge of illegitimate parentage. The jury declared the charged proved.

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COURT IS RECESSED

UNTIL 9:30 MONDAY

Verdict For Folmer In Bank Suit; Heaton vs. Reed Is Settled When Called

Settlement of the suit of L. E. Heaton vs. M. B. Reed brought district civil court to an abrupt termination shortly before noon, today, just after a jury had been drawn to try the action. An adjustment of county claims involving the sale of grain to Heaton and purchases from him was involved.

The jury was out for lunch when counsel announced settlement, and Judge Jansonius, considering the hour too late to start another case over the week-end, released the remaining jurors, then dismissed the trial jury when it came back at 1:30. He adjourned court until 9:30 Monday morning.

The suit of L. R. Baird, as receiver for the Farmers State bank at Regan, against H. C. Folmer, went to the jury Friday and at.3 o'clock a verdict in favor of Folmer was brought in. The jury found for him in the sum of $300 "for the care and feed of stock, after allowing credit for the cream money."

Folmer had taken over the care of the farm and stock of Fred Middlestad on an agreement to divide the proceeds of the dairying and farming on equal shares. Middlestad's property and stock were mortgaged to the bank. Later he transferred all the stock to Receiver Baird on a bill of sale, to avoid the expense of foreclosure. Folmer had fallen behind in his share of the produce, owing to poor crops, and he continued to. dispose of the cream and retain his share under the agreement, until the receiver made other arrangements for the custody of the place. His retention of the cream money and other actions in keeping with his agreement with Middlestad led to the suit.