138 CIECTTLAE 10 0, U. S. DEPARTMENT OF AGBICULTUEE 



It is now. therefore, upon all of the evidence introduced in this case and 

 in addition thereto as an exercise of its sound discretion the court is of the 

 opinion, and so holds, that receivers should be appointed by this court to 

 administer the affairs of said association under the orders and directions of 

 this court. It is thereupon, on motion of E. P. Buford, W. 31. Person. P. W. 

 11 rweil. and Jones «k Horton. attorneys for the plaintiffs, ordered, adjudged, 

 and decreed that James H. Pou. of Kaleigh. N. C. and M. L. Corey, of New 

 York. N. Y.. and H. S. Ward, of Washington. N. C. be, and they are hereby, 

 constituted and appointed receivers to take charge of and administer all and 

 several of the affairs of the defendant, Tobacco Growers' Cooperative Associa- 

 tion. with full power and authority ordinarily vested in receivers in like cases, 

 and subject to the orders and directions of this court. 



It is further ordered, adjudged, and decreed that before entering upon their 

 duties as such receivers they shall each give a good and sufficient bond con- 

 ditioned as required by law in the sum of 350.000. said bond to be approved 

 by the clerk of this court. 



It is further ordered, adjudged, and decreed that upon the execution of 

 said bond ail the records and properties of said defendant association be 

 delivered to said receivers in such manner and at such times as said receivers 

 may requ re. 



It is further ordered, adjudged, and decreed that said receivers shall im- 

 mediately upon their qualification investigate the affairs of said association and 

 particularly the charges against the management set out in the bill of complaint. 

 and shali : :he result of the.r investigation to this court as early as is 



convenient for them to do so. and said receivers shali have full authority and 

 power to employ accountants and clerical and legal assistants as may be 

 necessary, in their discretion, to make such investigation. 



It is further ordered, adjudged, and decreed that officials and employees of 

 said def< e, and they are hereby, restrained from disposing 



of any of the assets of said association or transacting further business except 

 as dii eted by said receivers, or under orders of this court, and that the 

 credit t aid associati d be, and they are hereby, restrained from in any 



wise interfering with said receivers, and from disposing of any securities or 

 equ::: id a La tion, except after applying for and obtaining an order 



of this court. 



It is further ordered, adjudged, and decreed that a certified copy of the bill 

 filed herein and this order of appointment be filed and entered in the district 

 court for each district of this circuit in which any portion of the property 

 of the defendant association may lie. or be. in accordance with United States 

 Compiled Statutes. 1918, section 1038 Judicial Code, sec. 56). 



And this cause is retained for further order. 



Done this 19th day of June, 1926. 



I. M. Mkkktwb, 

 United States District Judge. 



To the foregoing order the defendants, and each of them, except and give 

 notice of appeal to the Circuit Court of the Fourth Circuit. Further notice 

 waived and appeal bond fixed at $1,000. June 19. 1926. 



I. M. Mzeki>-s. U. S. D. J. 



