Montgomery County sentinel., 1891-05-08
In the Circuit Court for Montgomery
County, as q Court Of Equity.

TINE OBJECT of this suit is TO procure a
i Decree for the appointment of receiver
for the Potomac Red Sand Stone Company of
Montgomery county, Maryland, aud the dis
solution Of said corporation.
The bill states:
lst. That the Potomac Red Sand Stone
Company of Montgomery county, Maryland,
is corporation duly organized under the
general corporation laws OF the State of Ma
ryland with an authorized capital stock of
three hundred thousand dollars, divided into
three thousand shares of the par value OF one
hundred dollars each, all of which said stock
has been duly issued and paid for in full.
End. That the plaintiff is the owner and
holder of two hundred and twelve shares of
the capital stock of said company, that the
other shares of stock are owned and held by
Henry II. Dodge, Ysidora b. NJ. Dodge, Ma
thaniel Wilson and Aulick Palmer, of the
District of Columbia, C. Shirley Carter, of
Loudoun county, in the State of Virginia,
John A. Wills, Of the State of California,
'and certain other qerseas whose names ard
residences are unknown to the plaintiff.
3rd. That the said company being indebt-
ed unto the said Henry H bod ge, Ysidora B
N. Dodge, Aulick Palmer, Nathaniel Wilson,
G. Shirley Carter, John A. Wills and the
plaitfI in sundry sums of money, did by its
deed, dated the third day of June, in the
year eighteen hundred and eighty-sx, and
recorded among the Land Records of said
Monte eomery county, in Liber J. A., No. Q,
folios 800 ct seq. convey all its property, real
and personal, 10 the said Henry II Dodge,
Ysidora B. NJ. Dodge, Aulick Palmer, Ma
thaniel Wilson, G. Shirley Carter John A .
Wills and the plaintiff, by way of mortgage,
to secure said Indebtedness.
4h. That default having been MADE in the
payment Of said mortgage Indebtedness, a
certain James B. Henderson, of said Mont
gomery county, the attorney named in said
mortgage for the purpose Of executing the
power of sale therein contained, after filing
the bond required by law and duly advertis-
ing said property, did on The twentieth day
of December in the year eighteen hundred
and ninety, sci! at public sale all the real and
personal property of said company 10 GER
tain George Mann, at and for the sum of
thirty thousand nine hundred dollars, which
said sale was duly reported TO Your Honora-
Bile Court, and was by an order thereof, pass.
ed on the nineteenth day of January, 10 the
year eighteen hundred and ninety-one, final
ly ratified and confirmed
9Th That the proceedings in said cause
were duly referred TO the Auditor of this
Court, 10 slate an account, distributing the
proceeds OF said sale that on the twenty
seventh day Of January, in the year eighteen
hundred and ninety-one, the said Auditor
filed his report, which said report was finally
ratified and confirmed by your Honorable
Court on the seventeenth day of February,
in the year eighteen hundred and ninety
one, and that by said report it appears that
after the payment OF all the expenses of said
sale and said mortgage Indebtedness, and all
interest thereon, there will remain on the
first day of June, 10 the year eighteen hum
dred and ninety-one, in the hands of the said
James B. Henderson, alto rney as aforesaid,
the sum of seven thousand and thrty-fye
dollar and forty cents due TO the said com
pany.
9th. That the said corporation having been
organized for the purpose of operating GER
tain quarries, located on the lands of said
company, and all the property, real and per-
sonal, belonging to said company having
been sold at said mortgage sale, the object
for which said corporation was formed has
ceased TO exist it is wholly deprived of the
ability TO carry out the purpose for which ii
was eated there is no valid reason for its
continued existence, and it should therefore
be dissolved,
It'll. Tha, there is small amount of float
ing Indebtedness of said company which
should be paid from the sum OF money, so as
aforesaid remaining in the hands of the said
James HENDERSON, attorney as aforesaid
and the remainder thereof should he distrib-
uted among the stockholders of the said
company In proportion to their respective
holdings.
Sth The prayers of the bill are for de-
cree dissolving the said corporation aud ap-
pointing a receiver to collect and take pos
session of al! the remaining property of said
company, and to apply the same, under the
direction of the Court, TO the pay yment of all
properly authenticated debts Of the company
as yet unpaid, and to distribute the surplus
among the several stockholders of said COM
pany according their respective holdings, and
for general relief
II is thereqpen, this fourth day of April,
in the year eighteen hundred and ninety -one,
by the Circuit Court for Montgomery county,
as Court of Equity, ordered that the plain
titf, by causing copy Of this order io be in
serted in some newspaper printed and pub.
lished in said Montgomery county, once in
each OF folr successive weeks before the
fourth day of May next, give no ice to the
said absent and unknown defendants OF the
object and substance of this BILL and warn
them to appear in this Court, in person or by
solicitor, on or before The twentieth day OF
May next. TO show cause, If any they have,
why decree ouyht not 10 pass as prayed.
JOHN T. VINSON,
Judge Of the Circuit Court.
True copy-Test:
49,, N II I.MHS ,NnDnrAH 90,