Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1862-07-03

ditors of the Cumber-
land Coal and Iron
Comrauv secured by In the Circuit Court
the deed of trust Of tor | e gan
September Both 1857, County, slttlhg us
made by said Com Court OF hluity'
pany to said Mehat- NO, 1881, Eq'
fey, BlJolgood and
Sherman, whose
claims remain un-
paid, and unknown
to cOmpa nant Whe-
ther the same be re-
sidents or nou-resi-
dents of the State OF
Maryland.
VIIE object of this suit is to procure
a decree vacatng the trusts created by
the deed oftrust bearing date September 3Oth,
1857, made by the Cumberland Coal and Iron
Company (lhe complainanO, to Andrew
MehnGev, Francis Bloodgood and Allen NJ
Shcrmau Trustees directing said Trustees TO
reconvey to The complainant all the property
CONVEYED TO them by said deed OF trust, and
remaining undispoSed Of; and TO account Tor
all monies of complainant which have come
| into their hands as such Trustees, or MS OIL
| GERS or employees of the complainant, or in
any other capacity; and, as part OF the relief
| prayed for in the bill, pending thus Gcuon,
that an Injunction might be issued restrainin
s',or,s,,'5 sor,,,,ts and each and every of
them from diSposipg Of or intermeddine
! with any of the property mentioned in said
deed of trust, which injunction has been
| granted, on Il bond being filed by complain
! ant, and issued in this cause.
| The bill first states the incorporation OF the
| Cumberland Coal aud Iron Company, and the
,,,rrosas Far ,vh;,., snrh cornoration was
pt,as and ,Lot tic cb,rter ontborized the
| Io,a,;on n liz nr;pc;nol office il, The CITY of
Nor, Wi,
MIA, hn5ro,r Hohefrv accounted the Presi-
s.-,.,-,f cola Comnony with II fixed salary
- - oGo ,or onnnr, on March 18th. 1884
or3 Continued "a President until June I.
Tggs ,'hich .aI,rv wos rot increased by its
po.rj IS nir,ctors durino his Presidency, cx-
.o,,, ,,rco whom th,v allowed linn two thou
snrl Soll,r. sdditiGnoI for The year ending
W'.at oo,b Ia-Q. and tbot he also uctgd AS
1,",os,,ra from, March lSth. 1874. until Nav
-, Iezs
Th,t on Jrre 9Th. 1894. the Stockholders
s,ar,od rrencis BIoodpood ~ Director. who
! or,i,,e3 IN eurh rosiliuu until Anril 18Th
is5e when he rrsio ned. and was re-elccteA on
Anil 1Eth 1sr9 servinu until June nh. 1883
,yLor no ceased tn hold such office that lonp
anterior to his fist election as Director aud
until January lst 1853, he was IN employ 20
OF the Compuny at II salary OF two thousand
dollars per anuum y hich was then reduced tc
| sixteen hundred dollars per anuum, by hi:
own consent, AID that he received such re,
tuced salary until October 23i. 1853, when he
ceased such employment; that such salary was
adequate aid given for tie devotion Of hi:
whole tine and services % the interest. OF the
Company.
That Allen N. Sherman was elected Di'
rector OF the Company on February 2lst
1855, and continued TO MI such Office unit
May Goth, 1853, when he resigned,
The Bill further states, that tie bylaws
the complainant provide for an ENecutiv
Committee OF three Directors, prescribing
their duties, " no are regular salarled officers
aud were paid tor their services until Jannar.
1858, and AL expenses incurred in and ALTO
the ComFnry's business by them.
That on june 2Othi 1883, said sherman
Bioodgood, and one joseph l0Frey wee e'rc.
ed said Committee, MehsHey !eing' rs I'eSi
s dent, member OF IT, ana Prcsillho VINE" ?!e
sent ut its meetings That they co hhuea n
such until BIo0dgoods lesiGhauoh' Apr
f 18Th, 1888, occasloned one vacancy theFelh
aud Sherman's resignation on May -9lh, 1895
Il second vacancy in 1t, neither OF when "ef
filled up until after Iorrey also ceased 10 De
member and Director, at the election OIL ~
reclorS n June, hoo p,
The h''I iurlheF STATS 'n"' Mr"'"3y' n''oH
GOOD Sherman ana 'o'tey, ""''St oCC uPl ny