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Bland's Reports, Chancery Court 1809-1832
Volume 201, Volume 2, Page 360   View pdf image (33K)
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360 HAMMOND v. HAMMOND.

cient to pay all; yet if it appears, that there is still a portion of it
to be accounted for, and distributed, then the same decree, which
directs a sale of the realty, should also require the executor for
administrator to account for the personalty; and, if the creditors
have not been previously called in, the same decree should more-
over direct the trustee appointed to make the sale, to give them
notice, at the time of advertising the real estate for sale, to file the
vouchers of their claims in the chancery office.

Such a decree virtually takes possession of the property and
vests it in the court, for the purpose of distribution; (k) and, con-
sequently, the court may thenceforward exercise over it all such
control and authority as may be necessary for its beneficial preser-
vation. If it cannot be immediately sold, it may be rented, or
disposed of in the mean time, to the best advantage; (l) the com-
mitting of any waste upon it, may be prohibited by injunction; (m)
or a receiver may be put upon it to collect and take care of its rents
and profits, (n) The trustee appointed to make the sale, being the
mere agent of the court; (o) it is the court who must be regarded
as the vendor; and as the holder of the vendor's equitable lien, (p)
The trustee, without incumbering the report of his proceedings,
with any thing more than a concise reference to the decree; and a
brief averment, that he had, in all respects, complied with its direc-
tions; or if not, with a statement of the way in which he had de-
parted from those directions, should clearly and distinctly set forth
the date and terms of the contract of sale which he had made with
the purchaser, naming him; and which contract he thus submitted
to the court for its confirmation or rejection.

So soon as the court has, by a decree, assumed the general
administration of the assets, it will on motion or petition; (q) and
without, as formerly, a second bill filed for that purpose, (r) inter-
pose by injunction; and stop in its progress to judgment, an action
at law, brought by any creditor for payment of his debt; (s) and

(fc) Shewn v. Vanderhorst, 4 Cond. Cha. Rep. 461; The Commonwealth v. Rags-
dale, 2 Hen. &, Mun. 8.—(1) Williams' Case, post, 3 vol.—(m) Casamajor v. Strode, 1
Cond. Cha. Rep. 195; Duvall v. Waters, 1 Bland, 576.—(n) Jones v. Pugh, 8 Ves. 71.
—(o) April, 1787, ch. 30, s. 5.—(p) Iglehart v. Armiger, 1 Bland, 527; Andrews v.
Scotton, post.—(q) Paxton v. Douglas, 8 Ves. 520; Gilpin v. Southampton, 18 Ves.
469.—(r) Douglas v. Clay, 1 Dick. 393; Hardcastle v. Chettle, 4 Bro. C. C. 163;
Jackson v. Leaf, 1 Jac. & Wal. 231; Clarke v. Ormonde, 4 Cond. Cha. Rep. 54.—
(x) Brooks v. Reynolds, 1 Bro. C. C. 183; Kenyon v. Worthington, 2 Dick. 668 ;
Goate v. Fryer, 2 Cox, 201; S. C. 8 Bro. C. C. 23; Hardcastle v. Chettle, 4 Bro. C.
C. 163; Paxton v. Douglas, 8 Ves. 520; Terrewest v. Featherby, 2 Meriv. 480;

 

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Bland's Reports, Chancery Court 1809-1832
Volume 201, Volume 2, Page 360   View pdf image (33K)
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