Morelock v. Morgan & Bird Gravel Co.

The Morgan & Bird Gravel Company, Inc., was placed in the hands of a receiver on August 31, 1925. The account of the receiver was filed on January 27, 1927. It ranked the indebtedness of the corporation ás follows:

First, the receiver’s fees, attorney’s fees, court costs, and receiver’s certificates; second, accounts payable, incurred by the receiver; third, T. G. Roberts’ subrogation to state and parish taxes, amounting to $4,321.-06; fourth, mortgage indebtedness, including a claim of the Southern Iron & Equipment Company for the sum of $6,812; and, lastly, the ordinary indebtedness of the…