In Re Dissolution of Henry Smith Floral Co.

The Henry Smith Floral Company, a corporation, gave a trust mortgage to secure an issue of bonds. Default in payment was made and foreclosure proceedings in equity commenced. Directors of the corporation filed dissolution proceed ings and a receiver , was appointed, with power to operate' the business as a going concern. The receiver petitioned the court for leave to issue certificates in order to carry on such operation pending sale. The court, by order, granted leave and constituted such certificates a “first lien upon all of the property and assets of said Henry Smith Floral Company, in…