The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-04
ASKS FOR A RECEIVER
THE BEAUMONT SARATOGA OIL
COMPANY STILL m COURT.
w. {. RHoe Wants the Court 10 Establish
His Rights as Stakeholder and
Secure Other Claims.

Tho Beaumont sautogn oil and ripe Line 1
company have stiil another suit against
them. The suit filed some time ago by James
+. Weed ct al agalnst said company having
been settled and dismissed yesterday at the
cost Of the defendant. The suit that is now
| brought was fled by Wilson & Jackson as
| attorneys for W. 4. Briec Of the state Of
Iowa Before the suit was died a temper
ary restraining order was granted by Judge
Waller r. Burns Of the United states dis
trict court for the Southern district Of
Texas, Mr.. Jackson Of the above law firm
stated that he had quite a lively time find
! ing Judge Burns who was absent from
the city. The Judge was nnally located on
his way from San Antonio TO Galveston, and
/ the bill or petition presented to him for his
order while he was being hurried across
country on the train. lie granted temper
airy order restraining the oil company and
Its officers from paying out and distributing
the funds and assets belonging to 1t. The
hearing was set for Thursday, February ~
In this city, hearing 10 be had upon arh-
davlts. The petition contains the Following
This suit is brought by W. Il. Brlce as II
stakeholder ana creditor Of this company,
alleging that he loaned to defendant COM
puny the sum Of $500 TO purchase II tract
Of land IN the Bullock survey, IN Jefferson
county, Texas, mud uinler n contract lhe
defendant was to pay Him the sum u SLoVV
and Issue to him DO shnrcs OF the tApta.
stock Uf snld corporation OF mo pa Nalue o.
$40 per share. lie further alleges inlt dc-
PENDANT failed aud refused 10 pay eaiu Sum
US per contract but did laoue to MIN l-oV
shaus OF said stock, lng that he called the
attention Of sal Defendant corporation I"
the fact hat stock had been Issued 10 nun
10 the extent OF 32U shores III excess Of
that provided for by said contract, ana al
a formal meeting ut the board OF directors
In Houston on January 10, l0U3, ne DC
minded that they pay MIN sara sum on
| $1,000 Us per coutrncb which they feluSeu
aud failed to do.
The court Is asked to issue writ Of in
junction ana appoint receiver for the pur
pose of taking cnargc of The property Of the
! corporation. lie further asks thut the Dc
PENDANT De restrained from paying over 10
Its stockholders any cash dividend or
} money any valuable tNlNE from inc pro
, Goods of a sale of its properties or amy
part thereof. MIR Brce also prays for man
! datory Injunction compelling SAID defendant
I corporation and It's OFFICERS to recognize MIN
as IA stakeholder 20 the extent of holding
. $1,000 of the capital stock of said corpora
ton, that he be registered as the holder
! ot snid number of sharcs on the DOCKS OF
I said corporation; thUt he be allowed the
o right to examine uuu inspect tie books ut
Q | the corporation aud restored 10 all the
9 rights of a shareholder therein. The orator
= further prnys that the defendant be adj
y ! Judged and required to pay 10 him said sum
Q Of $1,000 with interest thereon, aud that he
9 bee Hdjudged 90 have a lien on SAID tract OF
v land In Jefferson county and that said tract
, of land be ordered sold Tor the sauSiActlpl
No of his debt, and In the event said sum OF
4 $1,000 and interest Is Not paid by the time
NO 10 he named In the decree; that the Cour
he Immediately appoint receiver TO take
%. charge OF and hold possession and contro
of all property OF defendant and TO handle
Vi manage and dispose of the same under an'
D. I'm accordance with the future orders of th'