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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

City of St. Louis v. Goldenberg, 529 S.W.2d 33 (1975)

Citation
City of St. Louis v. Goldenberg, 529 S.W.2d 33 (1975)
Parent Document
City of St. Louis v. Goldenberg, 529 S.W.2d 33 (1975)
Jurisdiction
Missouri (state)
Effective Date
1975-10-14

Full Text

1,382 chars
Continuing his efforts, the receiver reported in June that the mortgagee was demanding payments of more than $1,000 on delinquent interest plus payment of current interest and pointed out the extent this complicated his task. He requested a meeting with the court. In August, Cleary made a comprehensive report of the receivership difficulties and in November by further report, explained the urgency of these problems, outlined steps he had taken and explained his inability to operate without financing. The court was able to give little specific guidance except “keep trying.” On November 15, 1971, Mr. Cleary submitted his resignation with a letter detailing his difficulties and a summary of funds collected and expenses paid. On December 27 he wrote the court asking what disposition to make of the receivership monies and tendered an account thereof. During all this time, the receiver reported to the City Counselor seeking his advice and guidance. The court entered an order accepting Cleary’s resignation, upon filing his final report and appointed Peter W. Salsich and Union-Sarah Realty Investment Corporation, co-receivers, they to furnish bond of $5,000. Neither Salsich nor “Union-Sarah Realty” filed such bond as receivers. Though Cleary did not file a formal final accounting until October 2, 1972, he had previously reported all monies collected and expenses paid.