The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-01-20
SUIT TO RECOVER.
SPRING HILL WATER COMPANY
CASE Nv COURT.
- Action Began by the Holders Of
me $4,000 Bonds Against the
Company and the Cfty-Eerpora-
dor Counsel Brown Conadezs
nat the Municipality VIII Not
Isse--An Amended Complaint In
- ballard Marshal Case-sewersI
~ Foreclosure sales.

4 mi. was begun In the superior court
vrferday IN which the holders OF tns s59,-
n ID bonds % the Spring Hi Water
ronpsny seek 70 forecsaee on the plant
- fhaf company, which II rog owned ~
- city, ard which. at the time OF the
r.rehase. was supposed 70 have been de-
svsred 70 the city free OF al incgro-
srsnces and liens. The story OF thes.
ards and the reason they have not been
sasd has already been tod.
TIE title OF the case sled yesterday =
~ Puget Sound National hank Of Seattle.
: corporation. and Alexander Herman, +.
yssler ard ). Heller. Leopold Backntsr.
Abraham Sc.lwabacner. Hattie Heller ard
xyer Lewis -. the Spring HI Water
Company a corporation. and the City %
s&zffle. q municipal corporation % the
est e3ass IN the county OF King. state or
washington. The complaint states that
ot or about the 1st day of November,
g. the water company. Ia thu Lawful ex-
ercEse % its corporate powers and IN order
Is provide the means for carrying on ffs
lgttlsnats business made and delivered
p hrsf mortgage bonds 70 the number %
ETY., each Of value Of & go. 70 the Pu-
rst Sound National hank. The water
eonDany promised 10 pay these bonds.
wAich bore interest AZ the rate Of per
- IN order 20 secure the payment OF
shem the company nortgsgsd AL It's prop
srsy. including number o. pieces Of real
state and its pipes. pumping station ana
rains The mortgage is signed By Bailey
sztzert. the then president and joan
Lkary. the then secretary OF the company.
Tae bonds we're subsequently, sold TO the
PARTIES who appear as plaintiffs in ice
use.
The complaint then goes on 70 recite
tat the interest on the bonds was paid
rom the time Of the issuance until No
rsnber 1. 1886. On that date the bonas
al duo ana rhsIr payment was demand
u. but the company refused TO pay. and
ne result N tho present action The COM
saint fails TO mention the fact that the
kznt OF the Spring HUI water Company
hzs been sold to the city % Seattle. a.
fssuga II e made a party 70 the sur
In conclusion. the plaintiffs pray fudg-
rent against the Spring Hi Water Com
nny Fri the sum OF $50 coo. with interest
tasreon at tho rate OF 6 per cent. per an
sufn from tie LIST day % November. Isss.
ard for attorneys fees and the costs of
As action. A decree Of foreclosure Is also
gsyed for. Plaintiffs ask thai the mort
pged property be soid ard the proceeds
applied TO the payment OF the $50 IN
tea0S. costs interest anu attorney > ANst7.
Corporation Counsel J. X. Brown was
sen tn relation 10 the suit last evening
ssd asked what action ae intended 20 take
ID regard TO Il. He replied that he had
haf yet fully examined the complaint. but
tat be would take sucn action before the
liant was sold under n foreclosure as
would protect the city from all loss, and
sso 70 prevent the city from putting up
Ae amount sued for in order 20 save the
sant from sale under the sheriff's ham
mar The stockholders Of the Spring Hill
nnpany are financially strong. and II Is
Taught that the sum sued for can be re-
eyersd from them. Mr. Brown did not
care % state exactly what his line OF ae-
Ger would be. but u was evident from his
hammer that he felt confident the city
would come out victorious AT the end of
tie litigation