The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-03-15
eBUD IN A LAND COMPANY.

osskhsIasr Accuses O0esrs Of Cosspir-
sey and Rsiag Illegally Elected.
James n. Bishop obtained . temporary
gouszsining order in the United States CIR
euls court yesterday to prevent F. W.
rnhody, J. 4. Pike, d. B. Ward, w. p.
Iiapton, A. Talbot and G. B. Bagley
hsn mortgaging certain property of the
Niansspolis Realty and Investment Com
peay, situated in Snohomish county.
The complaint sets forth that in May.
10, certain persons incorporated the
Niansspolis Realty and Investment Com
pany, with . capital stock of $500 600.
lAlse. the plaintiff says he 10 informed
ed believes. others became the successors
= interest TO the original subscribers. The
pisintif is stakeholder Of the company,
oad claims that the defendants Peabody.
xinsyton, Pike. Ward, Talbot and
Doesy, illegally and without au-
thority, claimed to be the officers
4 the Minneapolis Realty and In
vsstment Company, and a. such claim to
y entitled to the management Of the COM
pany and oft assets; that they base their
claim upon An election held November 2,
~, in the Boston block, at Seattle; but
that the plaintiff appeared specially and
objected TO the transaction Of any business
q that meeting. on the ground that no
sotics Of the time Of holding the meeting
- prescribed by the bylaws had ever been
given. This objection, the plaintiff says.
uas sustained by the chairman. and there
Von the defendants proceeded elsewhere,
nd claim to have elected themselves off,
90 Of the company.
The plaintiff then asserts this in July,
~ George Bracket delivered to the
ounty warranty deed whereby for a
sDasideratiOn Of $50. 900, Of which SIS, 900
- 70 be paid forthwith. he conveyed Ger.
ain property in 6nohomish county. To
secure the balance, amounting to $2l. 600.
~ plaintiff claims that the company
through it, pretended officers gave
Bracket . mortgage upon the land. Tho
1eyt step In the case, according to the
plaintif's story. was that the Minneapolis
1saity and Investment Company was
made the defendant in foreclosure suit
Upon this mortgage. The plaintiff AYERS
lat this suit 10 now pending In the su-
pssior court of Snohomish county, and
ost the company has good cause Of de-
onss in the action.
he also asserts that the defendants, Pea
Iedy. Pike. Kingston. Ward. Talbot and
1agey. have cOnspired together to com.
promise the suit for grossly exorbitant
Aurs by executing mortgage upon the
whole property for $27. 900. which 10 in ex-
ees Of the amount that could be found
doe II suit were brought upon the original
mortgage. He claims that tho defendants
have all the necessary papers drawn and
ready for signing. and that unless tenn
lorary restraining order is further granted
Ne object Of the conspiracy will DO con-
animated.
Upon this showing an order Was signed
y Judge Hanford yesterday by which
me defendants were enjoined. until the
Asssirs Of the case. from executing any
mortgage or other instrument involving
We real property of the Minneapolis
ssalsy and Investment Company or pass
ing any resolution TO authorize the execu-
Won OF such mortgage. This order takes
eject upon the filing of a Il nlO hond