The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1895-01-04
LEGAL NOTICES.
ATTORNEY GENERAL JoHNP. POE, solici
tor.
ORDER OF PUBLICATION.
The State of Maryland |

the Susquehanna Ca
nal Company, the Tide
Water Canal Com
pany, the Philadelphia
and Reading Railroad
Company, the Un- In the Circuit Court
known Holders of the for
Susquehanna Canal Hartford County.
Preferred Bonds which In Equity.
matured ON January
l, 1894, and the IN
known Holders of the
Tide Water Canal
Priority Bonds which
matured on January
l, 1894.
THE OBJECT of the bill in this case is to pro-
Il cure decree for a sale of the Susquehan,
ma and Tide Water Canal, its property and
franchises and for distribution of the pro-
ceeds of such sale amongst its creditors, accord,
ing to their several rights and priorities; and
also for the appoin tment in the meantime OF a
Receiver to take charge of the analrs OF the
said Susquehanna Canal Company and the said
Tide Water Canal Company, respectively, OF
and all their property of every description; ana
to hold, preserve, manage and operate the
same, if the operation of said Canal snail De
deemed desirable under the order of this Court.
The bill states that the Defendant Corpora
tions, chartered respectively by the States OF
Pennsylvania and Maryland, are the owners OF
a continuous canal extending from Hayre de
Grace, Maryland, to Wrightsville, PennsyIy,,aa-
mia; that under the Maryland Act of 1888,
chapter 116, entitled AN Act to ensure the
completion Of the Susquehanna Canal ana OF
the Tide Water Canal, the sus9ueha4mna Canal
mortgaged their Canal and property TO the
State of Maryland to secure the sum OF one
million dollars and interest," as in said Act pro-
vided. and that under the Act of 1S43, Chapter
1853, they executed a further mortgage TO Dem
mis- Claude, Treasurer of the western Shore OF
Maryland, to secure the Indebtedness therein
mentioned that under the provisions OF said
Act of 1S43, Chapter 1853, the Tide Water Canal
Company was authorized to issue and did issue
Priority Bonds for the purposes speclf1ed IN
rnd holm
be about S97, 10000; and that the Susquehan-
ma Canal Company also issued similar Prefer
red Bonds amounting to 5000, 10000 or there
abouts that SAID Preferred and Priority Bonds
respectively, matured on the LIST OF January,
1884,, and are claimed to be still outstanding
and unpaid as a prior lien upon the property
of said Canal Companies respectively that said
Preferred and Priority Bonds are believed to
be owned or controlled by the Philadelphia
and Reading Railroad Company, Pennsylva-
mia Corporation, and If not so owned and con-
trolled are claimed by parties unknown to the
plaintiff.
of January, 1872, made lease of their Canal
and all their works and property to the said
Philadelphia and Reading Railroad Company
for nine-hundred and ninety-nine years for the
rent and upon the terms set out and charged in
the lease ; and that said lease was surrendered
by the receivers of said Railroad Company on
the 9th of April, 1894. That for many years
said Canal Companies made default upon their
mortgages to the State of Maryland, and that
on the 31st of January, 1889, under authority
conferred by the Maryland Act of 1888, Chap
ter 154, a settlement and compromise was eff
fected by L. Victor Baughman, Comptroller of
the Treasury, with the approval of Ellhu Il.
Jackson, GQyernor, ana Stevenson s., Arener'
ton of the payment of 1927 10000, being
twenty-five per cent. of the over due and I'M
paid interest upon said mortgages to the State
of Maryland, release was executed to said
Canal Companies of the balance of said unpaid
interest the time for the payment of the prin-
ciple of one million dollars was extended for
n
interest on said mortgage debt was reduced
from six per cent. to two per cent. per annum;
that said Canal Com anies paid said interest up
TO and including the first day of January, 1898,
but have paid no interest since that time.
That the Canal was operated by said Philadel-
phia and Reading Railroad Company under the
lease of January 2, 1872, until the 9th of
April, 1894, when it was abandoned, and that the
Canal is now lying idle and daily deteriorating
in value, and that it has no business or reve-
nues sufficient to pay the operating expenses
and interest on the debts of said Canal Com
panies that said companies owe mortgage
due in 1918, bearing six per cent. interest
amounting to 81 1856 900; also mortgage due
in 1902, bearing interest at the rate of seven
per cent. amounting to S257 900 ;also unfund-
sol .2s2. So; also uniunded debt being unpaid
interest on their bonded debt, amounting to
S53S, 235. Is, in addition to the unpaid interest
due to the State of Maryland, and that said
companies are hopelessly insolvent.
1t is thereupon, this 9TH day of December,
1894, by the Circuit Court for Hartford county,
causing copy of this order to be inserted in
two newspapers, once 4 week, for four con-
secutive weeks before the 10Th day of January,
1895, give notice to the Philadelphia and Read
ing Railroad Company, nonresident corpora
ton, and to the unknown holders of theSuSque-
hanna Canal Preferred Bonds which matured
on January l 1894, and the unknown holders
of the Tide Water Canal Priority Bonds which
matured on January /, 1894 nOn-reSidents as
well as residents of this State, of the object and
substance of the said bill, and warning them to
ha and in 1is Irt i'm mr. hXrs
licitor. on OF before the 30th day of January,
1895. to answer said bill, and to show cause if
any they have, why a decree should not pass as
WIN. S. FoRwooD, JR., Clerk.
True copy, test,
WILLIAM PENRoSE, Solicitor, 200 st. Paul
Street, Baltimore.
NOTICE TO CREDITORS.
E A.t ei in the In the Circuit for Court
Mordee af Price. Ha m Ea1 GRgn'y'
TN PURSUANCE of an order of the Circuit
Il Court for Hartford county, sitting in Equity,
passed in the above entitled cause, notice is
to file their claims, duly authenticated, with
the Clerk of the Circuit Court for Hartford
county, on or before February 1st, 1895,
WILLIAM PENROsE.
Trustees.
NOTICE TO CREDITORS.
THIS is TO GIVE NOTICE-That the SUBJ
i scribers have obtained from the Register of
Wills of Hartford county, Md, Letters Tesla
mentary on the estate of
MARY ALEXANDER,
late of Hartford county, deceased. All persons
having claims against said deceased are hereby
notified to exhibit the same with the legal
vouchers thereof,
On or Before the 9Th day OF June, 1895,
or they may otherwise by law be excluded
indebted to said estate are requested to make
immediate payment. E
Given under my hand and seal this 9th day
of December, 1894.