New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-22

defendant company and that they shall further author
ire and direct that such guaranty be secured py inc
pledge OF the entire amount. Aforesaid, OF about sl-
600 COO par value of tho capital stock Of said Oregon
Railway and Navigation Company, and that they SHAH
further authorize the Executive Committee OF sald
company to dispose of said issue Of capital stock
and charge and receive commissions aud rebates there
for and shall further provide that stockholGer OF
said company owning less than one.quarier Oh tue
entire amount Of the capital stock thereof 10 Wiz
SO, 500 900. shall be authorized, at any time 70 ~
spect the books and papers Of said defendant conPay
These plaintiffs further alcGe on Information H"s
belel that as said Board OF Directors met AZ ro'"
Oregon on Friday, the 10th day OF May Ieo'' 49,
members only being present, and IN opeu'e"os -,
said request and nStruc tons OF Henry Nlii'iu o1
president Of said defendant company 'adoped az" -
a resolution or resolutions OF said COMPANY W -,
ing and directing all of the matters anu IN'"o'
above stated. ,..,,, and
V-Tbese n,antifs further state on Information aHN
belief that prior TO the sending Of such feque' ~"
structions by telegraph the SAID heh'! ,,r.a.o
dent had prepared or caused TO be propar'"'
=, ,ook a. aforesaid and mat unless Immediately re-
strained by an order Of this court ne WIN aus ~"
whole Of said shares TO be purchased by himself VI y,
s ,yho will give their proxies as holders OF saiu
shares 10 the persons designated In the circu" aore
said issued BY him. from said company o'enslOS az
their mar value, required by lhe IS"s Va ''7''
hut actually at a much lower price, To DC e"Neiei
bv commissions and rebates winch INC ea'u H'''''
willard will cause TO be allowed by said Executive
Committee 10 himself for services in selling and
n,.c,v said shares and TO the great Injury and dam.
age OF defendant company.
V-plaintfs further state on Information and belief
mat without the control OF said shares the said Henry
Willard and the persons named by him In the Sau
circular as recipients Of the proxies VIII not be abe
TO control the said forthcoming election OF directors
and that 10 they shall by the aid Of said shares be able
ofnr Inn rk
wish of the holders OF majority Of the present oapl
tai stock OF said company, and contrary, In their
Judgment TO the best interests Of the defendant COM
pany.
vu-Plantifs further al!egr on Information and
belief that the said Henry Willard, president OF the sau
defendant company In the transactions above rcced'
Is not acting honestly and according to his judgment
for the best interests Of said company but has c3s'u
tho issue of said shares to be authorized and Is about
10 dispose OF the same, In order to enable him, the
said Henry Willard, control majority OF inc woes
10 TO cast at the forthcoming election Aforesaid and
with the further intent and purpose to employ Inc
money obtained by the sale Of said shares In purchasing
such additional number Of shares OF the stock OF tho SAD
Northern Pacific Railroad Company as shall enable
him the said Henry Willard, through the medium OF
the defendant company, TO control the selection OF
board Of directors and president al the next annual
meeting thereof
yIII-PlalnlRs arc advised and believe that By the
laws Of Oregon the defendant company has no author
ity whatever to issue preferred stock that the fart Of
said proposed issue OF 100000 Of stock, with a
guarantee Of dividends, secured Aforesaid by a.
post OF the stock Of the Oregon Railway and N''I-
CATION Company, will be creation q preferred S'"'"
OF the defendant company 10 that amount that u VIII
work injury and injustice 10 said plaintiff and r. all
other holders OF the common stock OF the defendant
company, and will further subject the defendant com
pany to the loss OF It's corporate franchise by proceed
lnSs brought for that purpose by the authorities OF
Oregon with which proceedings III" plaintiffs state on
information and belief that the defendant company has
been threatened.