Montgomery County sentinel., 1891-04-24
In the Circuit Court for Montgomery
County, as Court of Equity.

In the Circuit Court for Montgomery
County, as Court of Equity.
TIME OBJECT of this suit is to procure a
Decree for the appointment of a receiver
for the Potomac Red Sand Stone Company of
Montgomery county Maryland, and 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 H. Dodge, Ysidora b. NJ. Dodge, Ma
thaniel Wilson and Aulick Palmer, of the
District Of Columbia, G. Shirley Carter, Of
Loudoun county, in the State of Virginia,
| John A. Wills, OF the State of California,
and certain other persons whose names and
residences are unknown to the plaintiff
3rd. That the said company being indebt-
ed unto The said Henry II. Dodge, Ysidora B
NJ. Dodge, Aulick Palmer, Nathaniel Wilson,
g. Shirley Carter, John A. Wills and the
plaitif in sundry sums of money, did by its
deed, dated the third day of June, in the
year eighteen hundred and eighty-six, and
recorded among the Land Records of said
Montg0mery county, in Liber J. A., No. 2,
folos 800 ct seq. convey all its property, real
and personal, 10 the said Henry II Dodge,
fsidora B NJ. Dodge, Aulick Palmer, Ma
lhaniel Wilson, c. Shirley Garter, John A &.
Wills and the plaintiff, by way of mortgage,
TO secure said Indebtedness
4Ih. 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 he
power of sale therein contained after filing
the bond required by law and duly advertis-
ing sad 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 to GER
tam George Mann, at and for the sum of
thirty thousand nine hundred dollars, which
said sale was duly reported TO your Houora-
BILE Court, and was by an order thereof pass
ed on the nineteenth day Of January, in the
yeal eighteen hundred and niuety-one final
y ratified and confirmed
9th That the proceedings in said cause
were duly referred to the Auditor of this
Court, TO state 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, in the year eighteen hun
| dred and ninety-one, in the hands of the said
James b. Henderson, attorney as aforesaid,
the sum of seven thousand and thirty-fve
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
tor which SAID corporation was formed has
ceased to exist, it is wholly deprived of the
ability to carry out the purpose for which it
was created there is no valid reason for its
continued existence, and it should therefore
be dissolved
7h. That there is a 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 B Henderson, attorney rs aforesaid,
and the remainder thereof should be 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 and APP
pointing receiver to collect and take pos
session OF all the remaining property of said
company, and to apply the same, under the
direction of the Court 10 the payment of all
properly au,hen nticated debts of the company
as yet unpaid, and to distribute the surplus
among the several stockholders of said uom-
pany according their respective holdings, and
for general relief
1t is thereupon, 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
till, by causing copy of this order 10 be in
serted in some newspaper printed and pub
lished in said Montgomery county, once in
each OF four 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 war;
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 ought not TO pass as prayed.
JOHN T. VINS0N,
Judge of the Circuit Court
True copy-Test:
| apr lO-td JAMES ANDERSON Cpk