, 1879-01-09
Decision in the Case Of the Re-
public Life.
Judge TnrWell Glahdens the
Hearts Ot the Stock.
holders.
The Company Has Not Yet Gone Ont
of Existence.
The City About 10 Condemn land for
the Nort:i Branch Pumping
Station.
Record Of Judgments, Now snits, Applf-
cations for Divorces, Etc.


-. ..... ,,n,,..,,...,,...
.o'r Ss"s ~" ,., ~. '." .'',.,"s." 49,, ,.u.
'u"ec Faf"c'i 'e.,e''ay ",ee" w n wv. NV ' ~,
esosctc'l onl'!sn ~ t'sc ensc VI o. y. ""'o' ~"
ce,Ne'' ". .. '. f"'"s', w" ''I V'"et r es"n.
Io'oefR o. eHe oe'""tt Epun'. ~" '"e"'".,.'
Company, which came up M ae'"tres ~ .ne
bI'I. me use's!n''' ,""e'e1, o's!ases u tne
tase psattieal'Y' 1'oue" tue eo"p'""a.. e''u,',
r.! nsked 'nf t'a'e 70 ses "nethe1 1ne NH coa'a
bc amended
The Judge aal.l the questions insolvc1 wcre
very Important. nml lie i,a,l given tho matter
unus"n' tuns'oe'ut'o. l"e e'u'"se VI n,',. .,.,
t'lc procecd'fiEA were oaeeo was NC" one WINCH
had not been construed, the amount Involved
wns vcyy large, anil NUMEROUS parties wcrc In
ftrc.,c5 IN Tho Xtult. FIN ttI nal IN that
g." -. ...,,.,s.s ...,..., ~ u,.,,rt,,.
NV .,.'t' H"''s"'' p'.nu". W ....'.'s, y,
given him BY 'l'e 'tatt'e anu tns rfov,sohs m
."u ,1,pu t., 49,. t,.",. @sur. ~ t,"t nc,,.
. =" !"e .,, ~
anaon au se n to be- maaa Of tho Insurance Com
pany's pirairs, and TINT from the examination
In io,nl ,hr condition Of tile COMPANY was
~ 's.,' w. .S,1sn T.. s,rs,or ..,,t,n,'ot,,,,, T.,
business hazardous to thu '"surea; 'liat com
p!atnaut was subsequently appointed Receiver,
with power to close lip the Company's uilairs,
and ia oIlrcrs, agents. ctc.. wcro entotucI fran
,tsH,l II. nal.
ha'i"e ivy LINZ . w Nv "'>'4 ~ '"", VI p'p
cyty. The bill III tho prescnt case then went on
to state the condition OF the Company, and that
In ttc neectycr,s tudumcnt M assessment slou,d
~ ,,a ~, A.. .t,,,, ,,ho}, t,o, mr., i,,,,, frI,v
oc n'u'c u" Vic s'"sn ".e" nau nv w" '.',
paid mp, to enable ts'e hccctVcr 10 scttle
up the Company's affairs; tsat tho Circuit
Sua's sn ''su aa.la. "s ta,s - ~ n.eoa.a.v ~
e".s eaei. p'oeeeelasa ~ '".x". y. ae,t "
collect o" amount from tne ssoesno'aefe su!'
neIent TO paytho debts Of tho Company. and III
pursuance Of such order the present suit was
hru,u,
~ 1, ,, A.. ,,,,,,xr,u. e,,, =, III.
lHo ouase eSsu ths ue'nu''e "l.u ~ Wv, VIC
nll rnscd inc quest'on "ns'ncr, even t"e
facts charged were trtr, tho Receiver had any
rtpht to bring tho present el,Et. Tie proceed.
inrs ,.,r,,uen,r1 bv ,hc A,ulttor were unflrr
W. ~ ". ~. Ta.,,.n1 e.a,,,,a. t.,,,, ano
Cnap. ~ VI lhe Aef'Sei o'a.utest 4.u"' o. osc'
81 to o. sclntiuE to insurance companies. Inc
proceedings OF the Auditor must lind tllcir
Justification and autbortty In those statutes.
;rho 1,ccn,v.r waa nnnoIn,cJ unflcr TIM
A"e i.s.s'' ~" Appe~a e
satne statotc also' !. WAS psopes >" tel"u'A
that, aside from some statutory power, was a.
icost questionable whether a court OF equity
bad any right or Jurisdiction for tho purpose
u olssols4nE eot Po'"s'".' t''''npa ~ "o".
bt stating II too strong 10 dce'afe t'as q court
uf ca,llty had no slsl, power, hccause tho
Courts Of sotno of tho statcs lad excsctsd thnt
t,r,.ttc,ton nnt. "A far AZ tho stato of Illinois
J"t'seet Dst 49,, &C. ~. ~ ~ 49,. "s., w.
wns coneerhcts tf'o supreme eoott seseta' Seass
ngo, 1t, tho caso OF AakHr r. ,heacacr., haa dt-
c,dcd that court Of cqu!tY did not nave suca,
1a,wer. 4 Court had sotno power or Jurisdiction
Ill. fr,,r .ro,, , sto,rto wf,b rcfor.ncc N In,
asue Iso1' eusa asatuto m'sa .sso.s ..,, ~. ~.
functions nga'nst eofpofat'ons' anu 10 appo'nt
Ing Receivers OF tue property OF corporations
IN cests!u cases, hut, IA regards tho present
.mir a.t,le rom tbe statutory authtr.
~ rouri Of euu,ty batl no
r1,.ht tn decrna a dissolution. ind a,im,otstcr
ssS. ~ T.. ,I1airs IN rorInratjn,, nad bcor Jts
s'.,va, 4" nnnt of fart nil The snc,iinn vas
.'n,v what .honii i,ecorns of Tia wreck of tha
s,.rrt W.ar y'.,s n,,oht h. cnnstitrcd a. hrinnr.
r. sharrI'lIcrs M ."nnnts IN c,ntnnS
~ t%at ~ ,,n, nu .,t"..nt 'oee link wnd mnan K
.,ah, ~ t,,'rt - infrrfcrr nj Tin rrn,,est III
s.Gnn oraa,s ~ iut"r..t.l in H. and nroSahv ad-
snJ.,ptas uuJ mrnn i,a nroner,S nftcr s,,,, err
se nn.asion VAS n .I,.sulved. As 10 tne statutc,
VI ~ ,a,,t,ni that 1ia A,,,,lTnr ,,,iv,t nr.,
see; o. aans enoet en1 .r,n,,a"v !. "c
SseI ,n y, !, ;,svont s"n tic iudHc !. aftcr
~ snonGi' ~, ~ h"n-I,,m 4" '0 iii rartics