The times. [volume] (Richmond, Va.) 1890-1903, 1890-06-17
TIE PRESIDENT PRESENT.
x.,. os tho other Members Put in an
Appearance, However.

Name of tho other Members Tut III -"
Appcarance, However.
..Tbis looks like the last meeting did, Mr..
President
..yos. Pm afraid we won't have enough
bere 10 transact any business. I'm going 10
wait awhile, though
THO last sneaker was Mr.. Ashton starkc;
tho first a TIMES reporter; the place tne
chamber Of Commerce rooms. Inc ciock
showed The hour Of II just past. The SUD
iect was the adjourned meeting Oh the II
c;n;a Agricultural and Mechanical society.
,.h;ch had been advertised to be held at
noon. o,so
Nobody else was present, and nobody else
came by twenty minutes past IL, when
President Starke closed his books, adjourn.
Ell the meeting until July lst, and started
away. II, A.,
e,orlo when asked. swas Ia hear the re-
mort of counsel in the ease pending against
| The society in the Chancery tourt-be'er-
| jy and others. the plaintiffs, you remember
| They instituted suit some tiine ago 10 pre-
vent ,he sale Of the Exposition Grounds or
a mart Of them. when We wanted To lit the
Iebt Of some $4,000 hanging over US. They
claimed that we had no right to sell; that
tbey and other life members of the old Nir-
pinia Agricultural Society had never ac-
uuiesced i'm the formation OF the virginia
| Agricultural and Mechanical Society, anu
| that the executive committee Oh the iaticr
| had no authority whatever TO order any re-
lease of the property. our counsel have blcd
their answer, and, by the by, ! wish you
would ask them what is the status of the
case" =, ,
Major Stringfellow, one of the counsel,
1 A 81 n
ARGUMENT. and as soon rs Messrs. III. ii.
Marshall and W. w. Henry made out their
armament he and his partner would be
ready to reply. The major had been TO see
Major Marshall during the morning, out
had not found him in his Office.
| In their answer Ia the bill OF beverly
and others the counsel for the society
| say:
| Respondent further says that Is now 700
| late for the Virginia State Agrlcultufai 30
ciety, or any member thereof, 10 faise any
ouestion as 10 the validity Of the actions OF
said society I'm accepting the act OF February
H. 1888; that having made no obJectlois az
| the time, and having plloweh other p,ftles
loact and other rights 10 become vested hnu
having permitted the city OF Richmond, upon
the faith thereof, to receive S3O.OOO OF the
| stock of this defendant company In payment
of It's debt Of nearly s33,0OJ, due py the oiu
| company and secured by deco OF trusi upon
| silence while other parties took and paid iof
sixtv-odd thousand doll RS of It's stock. ana
having allowed this defendant company,
without objection or protest, TO put improve
mcnts upon the said land To the amount OF
SIP GOO and deal with IL as us own ana con-
| tract debts upon the faith thereof the Jaw
will now conclusiyely presume this acquires
| cence and assent of each and every member
| of said Virginia Agricultural society In and
TO the acceptance of said act OF February 10,
1858. both in favor of this defendant compa-
ny and Of its creditors. e.,
| Respondent is also advised and insists, u
mistaken in all this, that even If the accep-
lance Of said act should be held ultra wires
because il required for its validity the unani-
| nous vote OF the stockholders OF the old
| company, yet as the act thus Improperly
| done by n part, might have been rlgh'fully
and lawfully done by all, "A court OF equity
| will only set IL aside upon condition that the
city of Richmond and the stockholders of
this defendant company are fullyreimbursed
the money contributed by them, every dol
lar of which was expended with the knowl-
edge of the old company in improvements
upon the land in the bill described. IL VIII
not permit the dissenting life-members oil
the old society. IL any there are. 10 stand by
and await the result of an undertaking 30
enormous. so hazardous and so expensive as
was the Exposition OF 1888, In wnlcn stoch-
holders OF defendant company invested near
ly one hundred thousand dollars, ana theh
make their election, as that result should
prove 10 be one of disaster or success. Nnen-
ever In such cases. the acts of corporations
are annulled, because ultra wires. equity de-
mauds as the price OF its relief that they
should pay back the benefits received.