The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1908-08-01
In the Circuit, Court for Cecil County
In equity. No. 27sD


ment OF a Receiver for the property mentioned 10
the bill, aud for an Injunction therein prayed.
and Tor the winding up OF the business OF the de
PENDANT hrs, herein named. and for other relief.
The bill states.
/. Tha, the plaintiff Is a citizen Of the state Of
Maryland. residing in the town Of Port Deposit
in the County Of Cecil, IN the State of MARYLAND
aud that Of the defendants. The Venture Corpora.
istinR and doing business under the laws Of the
state OF Arizona, having its principal Office locat.
ed ia the city Of Pitsburg IN the State ol Penn
'ryiyAnia and having no President, Directors, of.
Ulcers or Agents residing IN the State OF Mary
land upon whom process can Ice served aud that
the said Henry II. IIuhner resides in the City OF
baltimore, 10 the state Of Maryland aud the said
William J. Black resides ia the city OF pitishurg
Aforesaid. or elsewhere beyond the Jurisdiction Of
this Court and the said The Cecil National bank
VI Port Deposit. y corporation Of the United
Estates. doing business IN the town 81 Port de-
posii aforesaid.
-. ,. That the capital stock Of the defendant. The
Venture Corporation OF America. consists Of
y 5000 shares OF common stock Of the par value
OF slgp per share, aud that the plaintiff is duly
qualified stakeholder thereof. owning s00yu
shares Of the full paid worcestershire stock
thereof.
!. Tha, upon the organization. OF said corpor.
alton all OF its stock was made full i.aid hy the
issuance thereof for property, IN accordance
with the laws of the State OF Arizona and an per
Kent of said stock so issued. was donated aud nc.
turned 10 the treasury Of said Arizona corpora.
ion by your orator and other stock holders there.
Of to he nj once sold and used for the purpose OF
purchasing aud operating the Tale property
hereinafter mentioned.
I. That the said Arizona corporation subse.
uucnt 10 the organization thereof. sold 10000
shares OF said treasury stock Tor the price Of ~
cents per share OF total sum OF s. 5000 ieav-
ing stock IN the treasury at the present time,
unsold TO the amount Of sSU.nn. and that sD.
fpn shares Of the stock issued in addition to the
suD.f.p shares held hy the plaintiff are held and
owned 10y number OF individual stockholders.
5; That said Arizona corporation was organic.
cd for the purpose OF purchasing owning, dcvei-
Doping and operating "a certain piece Of tale prop.
Icfty or real estate. consisting Of twenty three
acres more OF less. located at OF near the village
OF Conowi6go, in the Sth, election district Of
Cecil County aforesaid, the cost price OF said
H'roper,y being the snfn Of ssoonOo.
| q. That ON or about the 18th day OF February
IN the year iyr, the plaintiff acting for himself
and in his own right, entered into a
lccriain option contract with the said Henry u
lliubncr and The Cecil Mineral Company Of Cecil
County aforesaid, wherein and whereby the said
-ilcnry H. iiubucr aud the said The Cecil Miner.
al Company agreed to sell and convey at the oil
zion oi the plaintiff OF before the 18th day OF
MAY. Ia the year isfs. the tale property described
~ paragraph hereof, for the price Of $4,000.
$50 IN cash on the signing Of said option agree.
ment aud the remaining slsduOc 90 be paid ON OF
before MAY, lSih. ISIS, q copy OF which agree
mcnt OF contract being filed with said bill as a
part thereof, marked Exhibit ~.
:. Tina, the said The Cecil Mineral COMPANY
is a corporation Of the State Of Mary land doing
business aud whose principal office Is in Cecil
County aforesaid.
| :. That on OF abou, the 18th day OF February
lpJN, the plaintiff entered into written contract
with the said William J. BLACK. wherein and
whereby the plaintiff agreed to assign and sell
aud did assign aud sell. all Of his interest In said
ropiiou contract mentioned aforesaid. to the said
William J. BLACK. he agreeing to organize and
Incorporate the said Arizona corporation for the
purpose Of taking owing and operating
said tale property, copy ui which stid contract
Hittsts tht lac I
BLACK being hled with said bill ~ part thereof,
marked Exhibit b. u being agreed that the
plaintiff should receive rs consideration for his
said interest 40 pcf cent OF the capital stock nf
ithc said Arizona corporation.
y. That ON OF about tue DAY Of February
i'ts. the said William J, BLACK pursuant to his
said contract with the plaintiff organized the said
ARIZONA corporation and assigned To IL the aiorc.
said contracts set forth in exhibits aud aforc-
said, passing the entire interest aud right OF FIN.
'ally owning. acquiring and operating, the said
tale property. Ia the said arizona CORPORATION. a
copy 81 which said assignments being hcd with
iSad hill. marked Exhibit {" and Exhibit -"
respectively.
E 10 That pursuant TO the purpose for which
said property was acquired aud the said Arizona
Corporation was organized, the said defendant,
The Ncntuv Corporation Of America employed
SHE plaintiff a. manager giving him full charge
and control Of the opening starting aud CARRYING
ON the business of mining and mark citing the tale
underlying said property aud that the necessary
tools aud machinery were purchased. including
cugiuc, saws ana Otncf articles ana machinery To
The value OF about siSpl aud the sam, was duly
,.lciiyCrcd At the said property and placed IN npcT.
ihtiou. III ~ about March IS i'sIs the plaintiff
giving ht> entire time aud personal supervision
thereto.
) a. rha, under the terms OF said option con.
ffJ,Ct A., the said Arizona corporation. during
The continuance ot said option had the right Ca
iu-tall machinery, and to mine, quarry and mar.
kUi the tale product from said property. upon
payment to the owners thereof Of the sum OF so
pvt ton tot all tale. mined aud marketed prior ia
MAY IS. l'ss, over 80 tuns. and on which date the
said arizona corporation would receive IT. deed
mcni to 'hcin Of the said remaining sum 81
- Nsl.pr
-. That the plaintiff. A. manager !nf the said
ARIZONA corporation acting by the authority oi
it. Board ii Directors and pursuant To the powers
aud duties OF his said employment, started tu
work and open VI the said utiaTry on the said
property aud employed lahotcrs aud men iof the
purpose OF operating aud CARRYING ON the husi.
mess aforesaid thereon and had everything ~ such
excellent condition ipt work that said Arizona
corporation could carry on said work 80 success.
FULLY and prohtahly - To- Weld In It the sum Of
sahoui San itr ton net, OF. At least. S7S.on pet
day net profit
t. THAT on or about April End IyJs withou,
authority OF the BOARD OF directors OF said Arxo-
NO corporation aud without any notice
whatsoever, and without ans reason OF INST c;iitsc
plhc said William J islack Is President yist,e'!
the said property, IN the temporary absence OF
yIut orator aud directed all work. then going
on to Ice stopped aud discharged the men en-,
ploycd D., the plaintiff on behalf oi the said opcr.
atiug corporation closing down the mine and
putting the same out oi operation. to the grca,
loss damage aud injury of THE said Arizona cor,
pntlton aud It's stockholders,
-. That on 81 about March ,ph lsSs. the said
. William J. BLACK. President oi the said Arizona
SCorporation. gave to YOUR orator check for
the sum OF s!Sst.Gi for the payment Of the
wages OF the said men, employed a. liurcsuid,
aud IL such othct bills and obligations ~
the said Arizona corporation had INCUR
eel IN the operation oi the said mine, which
check your orator deposited in the said. The
Cecil National hank Of Port DEPOSIT. and issued
Ia check against the same for cash Ia pay the said
workmcn aud other creditors Of the said opera.
ing COMPANY which check was paid hy the said
Rank aud the said william J. Black afterwards
without any reason or lust cause, and, To the
damage aud di-Crcdit ni said Arizona corpora
ton stopped payment Of the said S'Sn check, and
thc said Arizona corporation Is now indebted un'
to the ,aid Rank inr the amount, thereof
rs. THAT since the stopliarc OF payment a.
aforesaid the said defendant Ihc Cecil National
Rank oi Port Deposit has sued out an attach,
mcni against the said arizona corporation aud
has attached aud levied upon its said tools ma
chiucTy ind other property to recover the ~ti'
sum II $50 due H.
a.. That there = now profitable market ioi
all oi the tale which can lee mined aus produced
itori -aii mime aud property. aud the plaintiff
aVcr~ and says that with said mine kept ia con
tiuuous operation. II will probably Weld, hv the
18th lay 81 Mar, .Hl-, sufficient 81 profit aui 10
come to meet aud drigny, III part tn, balance cd
other obligations, even u no more % the defend
See .Ff Yt