The San Francisco call., 1897-04-15
ALL THE TROUBLE
SETTLED At LAST.
The Miller & Lux Property
Massed in a Great
Corporation.
1t Is Capitalized on the Basis
of Twelve Million
Dollars.
Henry Miller 10 Control Four.Sevenths
of the Stock and Be the
President.

All the litigation over the great estate
of Miller e. Lux, which has attracted
such attention, has been settled at last by
the formation of a corporation, in which
the heirs hold stock in proportion to their
interests, or on basis at least on which
they have agreed.
The value of the estate has been esti-
mated roughly in times past all the W. ay
from 81 900, 600 10 $50, 100000. The heirs.
however, agreed that all the properly
should be sold to the corporation on the
basis of 81, $50. 900. The company itself,
however, is capitalized for $12, 900.
Henry Miller will according to the mr.
rangement control four of the seven direc-
tors, thus giving him majority OF one.
Putting it another way 10 simplify the
matter as regards the various heirs, b e
will control eight-fourteenths of the
stock, the German heirs three-fourteenths
and the other heirs three-fourteenths.
The voluminous legal document aetting
forth the various points o. the basis for
the settlement says in part:
The parties TO the agreement are Henry
Miller of the first part, of the second part,
Henry Lux, Philip Lux, Barbara Lux
II nry Roebing Sr., Henry Roebing Jr.,
traitor OF the estate of Dorothy Roebing;
Salome Lux Wolf, Caroline Lux, Michel
Emil Lux, George Lux, Henry Lux, as
guardian OF the estates of Emil and
George Lux (minors); Henry Lux as ad-
ministrator of the estate of George Lux
deceased, and jesse S. Potter as trustee
under the will of Charles Lux, deceased
for the benefit of Henry Lux and his chill
dren, G. II. Lux. Lenox Lux Mcbride and
Lizzie NJ. Pott.
The parties of the third part are Thomas
b. Bishop and Agro n. Lewis. executors
and trustees OF the will OF Miranda w.
Lux. The party of the fourth part is
Jesse s. Potter. executor of the will of
Charles Lux, and the party of the fifth
part is Jesse s. Potter. as the sole heir at
law Of Miranda w. Lux.
The agreement is dated April 8, but was
not signed by all the parties till yester-
day. The facts were given at Delmas &
Shortridge's office last night.
There are numberless paragraphs set
ting forth the death of Lux; that he left
wife surviving him AMI lett will; that
the wife died in Sepiem Der, 1894 leaving
will, with q contest now pending, and
that it is now proposed 10 settle that con-
test; that since Charles Lux's death
Henry Miller has continued the business
OF the firm; that the properly is very ex.
tensive and that il is located in Oregon,
California and Nevada; that an account
ing has been had, and it is now agreed
that in September. 1856, there was
due from The partnership 10 Henry Miller
$125. 027 75 and that all parties now want
to settle the business of the partnership,
therefore they agree 10 the forming of a
corporation according to the laws of Cali
fornia under the name of Miller & Lux
and gradually disposing of the same most
advantageously.
The object i'm med ia tely of the corpora-
tion is to raise livestock. carry on a refrig-
orator, to carry on any kind of manufac-
turing, borrow money, conduct a whole
sale and retail merchandise business, lay
out towns, etc. The principal place of
business is San Francisco and the term
OF the corporation is fry years.
There are to be seven directors; the
amount of capital stock $12 600, 900. all of
which is non-assessable: that all proceeds
shall be applied to debts. The profits shall
be divided at least annually, except not to
exceed $50. 900 TO meet future expenses.
Henry Miller, as one OF the directors.
shall subscribe for TWO shares of stoc
and three other directors to be named by
him shall each subscribe for two shares.
Mr.. Miller, so long as he is able, shall
be president and general manager and
shall not receive over SOS 900 per annum
Us com mpenstion.
The agreement also provides that he
corporation shall lease from Henry Miller
the Bloomfield farm Of Il, 900 acres at 80
per aDnum. the Legla and Lewis places or
over 1000 acres al $3.50 per annum,
While the amount OF the capital stoe
OF the corporation shall be $12, 600 600 il
shall be divided into 100 900 shares OF the
par value OF $100 each. All stock shall
be fully paid up and no assessment
shall ever be levied except by unanimous
consent of the directors.