60 Fla. 460 | Fla. | 1910
This appeal is from an order fixing the compensation to be allowed the receiver appointed by the circuit court for Hillsborough county to take charge of and manage an orange grove property.
It is! suggested in the brief for appellee that the appeal w;as not taken in the names of all the parties who are affected by the order appealed from. No motion was made under the rules to dismiss the appeal because of the absence of necessary or of proper parties.
Where it clearly appears by the transcript of the record
The receiver’s compensation was fixed at $1500.00 for the first year and $1000.00 for each subsequent year of the receivership. The exact extent and value of the orange grove property does not clearly appear. For the period from January 25, 1908, when the receivership began, to July, 1908, the receipts were apparently a little more than $3500.00 and the expenditures were about $2600.00. From July, 1908, to May, 1909, the receipts were about $5600.00, and the expenditures about $2300.00.
It appears that the receiver gave a bond in $1000.00 for the faithful discharge of his duties as such; that he se
There being no statute on the subject, the fixing of compensation for receivers in equity proceedings is for the court to determine within recognized principles of equity that complete justice may be done.
In determining the amount of compensation to be allowed a receiver for his services as such, the court should consider the amount and character of the time and responsibility devoted to the duty. This includes the kind and extent of time and labor rightly bestowed by the receiver upon the trust, the responsibility assumed, the character and extent of the property committed to his care, the beneficial results of the management and other matters that are incident to the trust and its efficient execution.
Perhaps no fixed set of rules for determining what is a just compensation for receivers can be formulated to meet varying conditions,' therefore each case should be determined upon the merits as it arises.
The court appointing the receiver is primarily charged with the duty of fixing the compensation allowed, and the determination is entitled to its proper weight with an appellate court; but in reviewing the action of the chan
In this case the chancellor found and decreed that the receiver’s management of the property had proved beneficial to it, and that the value of the property had enhanced about fifty percent.
Whatever natural conditions contributed to this increase in the value of the property does not affirmatively appear, but it is fair to assume that they did under the circumstances disclosed in the record.
Giving the receiver full credit for securing a reduction of the taxes, for improving the conditions of the property, for much time devoted to a faithful discharge of his trust and for the responsibilities he assumed, it still appears that considering the character of the property, the receipts therefrom, the time required for the duties as receiver, the responsibilities assumed and the results of the management, with other circumstances incident to the trust, the compensation allowed is more than is warranted by principles of equity and justice as applied to the facts in evidence.
The order appealed from will be modified so as to allow the receiver as compensation the sum of six hundred dollars per annum. It is so ordered.