New England Securities Co. v. Afflick

"Wood, J.

The facts are substantially as follows: The West Helena Consolidated Company was placed in the hands of a receiver on or about the 20th day of November, 1921, by orders of the Phillips Chancery Court. A. G-. Burke was appointed receiver. The assets of the company passing into the hands of the receiver consisted .of a street railway, waterworks system, approximately 1,751 acres of farmlands, 549 lots and 20 houses in the city of West Helena, Arkansas. The receiver was directed by the court to operate said company for the purpose of ascertaining whether or not the •indebtedness of the…