Page 475 - COG Publications

Basic HTML Version

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
393
The three corporations -- rather than name them
each individually as we deal with this problem -- will be just
referred to by me as the church, generally.
Now, the receiver is to take possession and control
of the
church, including all of its assets, both real and
personal, tangible and intangible, of every kind and
description, except as I otherwise provide in the order.
Uow, in spite of this order of possession, it is
the further order of the court
that
all the authorized employee.J
of the church shall be permitted to continue to carry out
their duties and to continue all activities and operations
of the church.
The receiver nevertheless shall have the right and
power to supervise and �onitor all of tha business and
financial operations and activities of the church; however,
he shall not interfere therein, unless he determines in his
sound discretion that such interference is necessary to avoid
damage or loss to the church of any kind.
Now
if
he so dcte:rnines, he shall
then have the
right to take over the management and control to the extent
that he deems
it
necessary in his sole discretion.
Now the receiver is also empowered to hire and employ
and retain his own counsel, accountants and any other personnel
employees �hich he d5ems neceasary to assist him in the
discharge of his duties under this order.
lie !a authorized to pay to than reasonable c0t.1pen­
sation out of the funds and assets of the church, subject to
the supervision of this court as it is needed and as hereafter