The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-11-15
BLUE BIRD TO RESUME.
Creditors and the Widow Van Zandt
Come to q First Agree
ment.
New Company to Be Formed and
Operations to Be Resumed
Shortly.
Rich strike Reported In the Property
Belonging to the Alice Company
The Puritan.

ARRANGEMENTS have been made looking to
the resumption of work on the Blue Bird
mine at Butte. Two papers have been hled
in the office of the recorder of Silver Bow
county toward this end. The papers are in
the form of agreements between p. A. Lar
gey, James A. Murray and Mrs. Van Iandt.
in a damage suit against the Blue Bid and
concerning the property involved. The
agreement in the case Of Largey and wife
states that whereas, the Blue Bird Mining
company, limited. a corporation, was here
tofore the owner of csrtain property in Sill
yer Bow county. and whereas, the company
became indebted to vatious parties and the
property was sold under execution. and the
time for redemption will soon expire, but
Amy Van Zandt has acquired an option
from the purchasers whereby she may re-
purchase the property in case the same Is
not redeemed; and whereas, the first par
ties are the owners of certain interests In
mining properties, and under the title of
such property have commenced suits against
the Blue Bird Mining company to recover
damages for trespass upon the property
of said tirs4 parties by underground
working thereon; aad whereas, 1t is
the desire of the parties of this agree
ment to form a new corporation and TO con-
solidate all of the property by deciding to
the new corporation the property hersto-
fore owned by the Blue Bird Mining COM
pany. as we'll as that owned by the FIRST
parties, therefore for the purpose of carry
ing out the intentions of the parties hereto
it is mutually agreed and understood that
the parties Of the first part undertake, upon
Az -, ,nrA- ooD, vi W rritb thA arm
hereinafter set forth, to sign and deliver a
a good deed of sale, conveying it to the
second party. or to such corporation, free
from all epcumbrances. the following de-
scribed property" The agreement then
describes the mining property that has
been in dispute between Largey and the
Blue Bird company, comprising the Little
Darling and Lena X. Largely also agrees
that upon the conveyance OF the property
he will ut once dismiss all actions now
pending in the courts and instituted by
him against the Blue Bird. and will entirely
and absolutely release the company from
all damages whatever claimed by him, and
will not prosecute any action against the
Blue BIRD company for any damages arts
ing out of any trespass or alleged trespass.
The agreement is made upon the condi-
tions that Mrs. Van Zandt shall within
one wear from date cause to be formed u
corporation under the laws of Now York,
Massachusetts or Montana, for the purpose
of mining the Blue Bird properties and
such properties as may be- obtained from
James A. Murray. The corporation shall
have decided to it all the Blue Bird prop
erty, as we'll as all the property in which
Iarpey, Murray and silas +. King have An
inter est, including the Nautalus, Synfax.
Darling and Uintah lode claims. Such
property shall be decided in consideration
of the new CORPORATION issuing its entire
~,~ita1 ctonb fha ctpnk tn ha fDn nnid mn
and non-assessable. Patrick A. Largey
shall be one of the trustees or directors of
the corporation until the first election after
the formation of the company. The COM
pany shall be absolutely free from any in
debtedness or liability whatever on account
of the purchase of the property or other
wise. and shall have deposited in its treas
ury, to be used as a working capital, a sum
not less than $500, 900, and shall be pro-
vided or secured by Mrs. Van Zandt, and
shall not be in anywise a claim against the
corporation or its property. The NAME,
amount of capital stock, and other details
of the corporation shall be determined by
Mrs. Van Zandt, subject to the restrictions
contained in the agreement.
Largey gets o~ne-twentieth of the entire
stock of the new company to be formed.
Should Mrs. Van Zandt fail to cNmply with
the terms of the agreement within a year.
the agreement is void. The agreement be-
tween Jas. A. Murray and Silas +. King on
the one side and Mrs. Van Zandt on the
other is to the effect that the two frat
named shall deed to the new company to
be formed certain property. and that Muir
raw shall surrender to Mrs. Van Zandt all
notes and other evidences of indebtedness
against the Blue Bird company, and in con-
sideration Murray and Kline are to have
one-twentieth of the stock of the new COM
pony.
1t is said that the new company has been
practically formed and that its capital
stock would be $4,000, 900, the largest
amount of which will be held bv Mrs. Van
Zandt, Mr.. Dedricken and MIR. Van Xandt.
brother of the late Ferdinand Van Zandt.
having been in Butte for some time settling
up the Blue Bird complications and organ
izing the new company, and it is also stated
that the works of the company will be
started up again at q not very distant day.
A sherift's deed under execution has been
issued to Hoge, Brownlee & Co., who pur-
chased the Blue Bird property at the sherltf's
sale.