Baptist Hospital Company Goes Into Receivership, Sept. 24, 1924

Receiver Is Named for the Baptist Hospital Company. . . Judge W.F. Harding, Upon Application of J.P. Hackney, Named C.O. Brown as Company’s Receiver. . . Sees Danger of Insolvency. . . Mr. Brown Has Filed Application for Injunction to Prevent Sale of Property on October 3rd.

By the Associated Press

Charlotte, N.C., Sept. 24—Upon application of J.P. Hackney, Judge W.F. Harding has appointed C.O. Brown receiver for the Baptist Hospital Company, it became known here today. The Baptist Hospital Company was formed last year to convert the Tranquil Park Sanitorium into a hospital to be operated by the Mecklenburg-Cabarrus Baptist Association. Mr. Hackney, trading as Hackney Bros. Co., alleged that the company is in “imminent danger of insolvency” and asks for a receiver to conserve its assets.

Mr. Brown has filed application for an injunction to prevent sale of the property advertised for an early date, to satisfy a deed of trust. The hearing on the petition for the injunction will be held before Judge T.J. Shaw here October 3.

From the front page of the Concord Daily Tribune, Wednesday, Sept. 24, 1924

newspapers.digitalnc.org/lccn/sn92073201/1924-09-24/ed-1/seq-1/