The Portland daily press., 1895-11-05
STATE OF MAINE.

STATE OF MAINE.
Cumberland. SIS.
Supreme Judicial Court.
In Equity
Stephen W. Carr, .nsuranc Commissioner
VS.. Proviuent Aid Society.
To the Supreme judicial Court;
County of Sagadahoc, Insurance Com
missioner of the state of Maine, complains
against the provident Aid Society, a corpo-
fation duly established By law and IN navf ths
County of Cumberland. and says.
THAT your complainant is the duly APP
pointed and qualified \, insurance com"is'
2.-That said ProVident Aid society is
domestic life insurance company, oIganlzed
and existing by virtue, of its act of ineorpo,
| ration, Chapter 500 OF the Prlvate ana
Special Laws of 1885.
3.-That, as your complainant is informed
and believes, on the 20Ih day OF August,
1895, a meeting of the members of said
Provident Aid Society was held in SAID
Portland for the purpose OF determining
whether said Provident Aid Society would
reinsure it's risks in the bay State Bene-
ficiary Association, a corporation duly
established by law and having its principal
place of business in Boston in the County
of Suffolk and Commonwealth OF MaSsachu-
setts, under the conditions specified in a
certain proposition made by said Bay State
Beneficiary Association and dated July
10th, 1885,
bers present at said meeting voted in favor
of said reinsurance, and that SAID Ffovl-
dent Aid Society thereafter took steps TO
carry said vote into effect.
4.-Tbat as your complainant is informed
and believes, said PIovident Aid society
has reinsured its risks SO far as possible
with said Bay State Beneficiary Association
and discontinued business.
5-That there are accrued indemnity claims
upon certificates and policies of said corpo,
ration, which are indefinite and unadjusted
in amount to your complainant unknown,
a ii of which are outstanding and unpaid,
and that there are debts due from said
corporation to its officers and others IN
amount 10 vour complainant unknown.
6.-That, as your complainant Is informed
and believes, said corporatIonnhaSa an une&-
hausi ed portion of its reserve and mortuaFy
funds in the banus OF the Treasurer of tie
state of Maine, amounting to ABOUT len
thousand dollars $4,000. and that it is for
the in terest OF all parties concerned that
receiver be appointed to collect and hold
The assets of said corporation tor ratable
distribution among ali parties legally or
euuiia uly entitled thereto.
Your complainant further AYERS That
inasumch as said corporation has d1scon-
tinued business, il is for the best interest
of all concerned that the same be wound
up and its existence ended.
WHEREFORE, your complainant prays:
THAT temporary injunction may issue
restraining said Provident Aid Society, its
servants and agents. in whole or In part,
from proceeding further with its business.
2.-Tbat process of subpoena may be
issued directing said defendant to appear
on a day Gel tain and answer All ana
singular the premises.
3.-1hat after due hearing had, perma,
nent Injunction may issue restraining SAID
defendant, lis agents ard servants, In
whole or in part. from proceeding further
wit h its business.
4-That after due bearing had, Re-
ceiver may be appointed to take possession
of the property and assets OF said corpora
tion and also Masters if necessary, SO ina 7
| said property and assets may pc con vefteo
into cash and ratable distribution Thereon
made among the parties lesaAy anu
equitably entitled thereto.
5.-That said defendant corporation may
be wound up and it's existence ended.
6.-I hat such further equitable relie1 may
be granted the Court may deem
Necessary, to the end that the pest interests
OF all parties concerned may be conserved
and their right protected.
T.-That such orders, notices and DEGREES
| may be made by the Court as may be
| necessary I o carry into erect the prayers OIL
the complainant nereinDefore set forth.
Dated this 18th day of October, A. D..
1895.
STEPHEN ". CARR,
Insurance Commissioner.
LESLIE G. CORNISH,
Compliments Solicitor.
STATE OF MAINE.
Kennenec, ss.
October IS. A. p. 1895.
Personally appeared stephen W. Carr.
Insurance Commissioner of the State OF
| foregoing bill in equity and knows the con-
tents thereof; that the same is true OF his
knowledge. except the matters stated to be
on In forJnation and belief, aud as to those
matters he believes them TO be true. Be
fore me,
LESLIE G. CORNISH,
Justice of the Peace.
STATE OF MAINE.
| Cumberland S.:
Supreme Judicial Court. N Equity.
October "a, 1895.
| Stephen W. Carr, Insurance Commits
| sioner. VS.. Provident Aid Sociey.
| In the above entitled cause it IS ordered
that notice of the tendency thereof be
| given by publishing attested copy OF the
| bill with this order thereon, once "a Week
| for three successive weeks in the PortIa nd
| Daily PRESS and Daily Eastern Argus, the
last publication to be at least fourteen DAYS
prior TO the first Tuesday of Decemoer. a.
ID. 1896: That all persons interested inereln
may appear before this court on SAID hfsG
Tuesday of December, a. D.. 1870, anu
within thirty days thereafter file win the
| Clerk of said Court their demurrer, plea, OF
answer to said bill.
S. G. STROUT,
| Justice of S. J. Court.
! LESLIE @. CORNISH,
| Complainant's Solicitor.
| A true copy of bill and order of court
| thereon.
| Attest:
| B. C. STONE, Clerk.
/ Il (tyV I'm,