Every application for
a receiver in the cases aforesaid shall be made to the Supreme Court and on
any such application it shall be lawful for such court after hearing the
parties to appoint some person to receive the whole or a competent part of the
rents and profits tolls charges and other revenue of the club liable to the
payment of such interest or such principal and interest as the case may be
until such interest or until such principal and interest as the case may be
together with all costs including the charges of receiving the rents and
profits tolls charges or other revenue aforesaid be fully paid and upon such
appointment being made all such rents and profits tolls charges and other
revenue as aforesaid shall be paid to and received by the person so to be
appointed and the money so to be received shall be so much money received by
or to the use of the party to whom such interest or such principal and
interest as the case may be shall be then due and on whose behalf such
receiver shall have been appointed and after such interests and costs or such
principal interests and costs have been so received the power of such receiver
shall cease.