The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-01-28
CARRIED INTO THE COURTS.
COOPERATIVE ASSOCIATION WILL
not DISSOLVE YET.

Judge FaiIigant Granted a Tempo
rnry Restraining Order Prevent
ing the Majority From Carrying
Out the Purposes of the Recent
Resolution Until the Right TO Do
so Has Been DecIded-The AIIega-
lions Made in the Petition of the
MinOrity-They Say There Were
Fifty Illegal Voters at the Meeting.
The minority voters at the meeting Of
the Mutual Cooperative Association were
granted temporary injunction by Judge
Falligant yesterday on application of
Messrs. Barrow & Osborne restraining
the other side from proceeding under the
resolution adopted at a meeting held Sat
urday night which provided for a dlsso-
luton of the association and a sale of
its assets
The application was made by Messrs.
Thomas Brady, Charles H. Carroll. Thorn
as A. Doyle, d. J. Fraser, James L. Gal
lagher, Thomas c. Hall, J. f. Mcguire.
w. d. Miller. Henry Y. Righton, c. c.
Thorpe, S. II. Tarver, r. r. Warner. J.
F. White, S. X. Walter L. Zealy and f. S.
Butler. They stated that there were
eleven others who were with them and
who made the same allegations which they
did in their bill.
They begin with the statement that the
association was incorporated in the SUI
perior court Dec. IA, 1886, for the benefit
Of the Employees Mutual Relief Associa-
ton, and that it's object was to aid the
members in their purchases of supplies
and to enable them to get their goods be-
low the market prices.
Ihey state that there is a design among
some members of the association to dis
continue the business. but that no good
reason is given for it, They mention the
meeting held the night of Jan Is AT which
Iysolulon providing for the dissolution
OF the association and surrendering of the
charter was adopted, through the means
tuey state OF ABOUT nifty illegal votes They
allege that about fifty parties were made
STOCKHOLDERS by one share of stock being
transferred to them thereby giving them
an illegal vote. They claim that the nro-
ceedlngs at this meeting We're Altogether
Itauuuleht and in proof of their statement
tnat there is no reason for the dissolution
OF the association they state that last
year 10 per cent dividend was declar-
ed on the stock, and that rebates on nur-
chases were made to the exte1t Of about
% per cent. They state that a special div
luend was declared and that the total
amount disbursed out of the surplus last
august was $ll,S5 or S25 on each share
aItef whlch there was left on hand in cash
between $1,000 and 5000, and a stock of
goods worth about $1,000.
Inc statement that the business is NOT
IN a satisfactory condition is denied and
mat the lease of the store they now oc-
cupy at Barnard and States treets sim
Ply means that they will have to get an
other store. The loss of the commissarv
they say, viii affect the business very
uttle. That, they state, was nothing but
car sent out on the Savannah. Florida
ana Western railway every month to sell
provisions and clothing to the employees.
Ihey mention the fact that the resie-
nation of the president Mr.. A. A Aveilhe
was accepted at the meeting. Mr.. r. ri
1oumans, secretary and treasurer Mr.
p. X. Demmond and Mr.. H r. Sims of
the directors and Mr.. H. T. Hutchens
the vice president, they say, are acting
with the other side, and unless they are
prevented they viii advertise and sell ont
an the assets of the association to the
highest bidder in accordance with the
resolution. They say they are ready 10
purchase the stock of these other parties
at par whenever they are ready to sell if
They asked for a restraining order. pre-
venting the sale and dissolution of the as
sociaton and also restraining the 1ftv
alleged illegal stockholders from voting
Judge Falligant granted a Temporary re-
strainlng order and set the hearing for
Saturday morning, Feb J. The business
VIII go on as usual until the courts have
disposed of the legal aspect of il.