Evening journal., 1908-08-17
LAWSON GIVEN
FULL. AUTHORITY
Stockholders Authorize Him
to Sell and Dispose Of Bay
State Stock at His Discretion
Mr.. ALLEE PRESIDED
AT THE MEETING

AT a special meeting OF the stock
holders OF the Bay state Gas Com
pany. held In the Offices OF the COM
pany in the Ford Building. in this city,
to-day. Thomas W. Lawson. by
unanimous vote, vas given full au-
thority to dispose Of the shares of
stock I'm the treasury OF the company
and TO make any further issues Of the
authorized capital stock OF the COM
pany should he at any time find It
convenient or necessary A resolution
to this effect was umnjmonsly adopt
ed. II follows
'Thae the president be and Is here
by fully authorized In his discretion'to
sell and dispose OF or otherwise make
use of the 2S7000 shares Of stock In
the treasury Of the company and that
the directors be instructed TO make
any further issues of the duly author
ized capital stock of this company
should President Lawson at any time
find IL convenient or necessary, for
the payment for any property or for
any business purposes Of the COM
pany.
Lawson NOT az meeting
Mr.. Lawson was not at the meeting,
being unable TO get heree. He was
represented by his private secretary
%. A. McSweeney, OF Boston, who Is
also the secretary OF the Bay state
Gas Company.
The action OF the meeting to-day
gives Mr.. Lawson full power to issue
as much stock as he feels disposed.
That the Bay state Gas Company will
figure largely IN the national stock
now being fioated by the iinancier,
seems evident
There We're represented at the meet
ing to-day 2.343612 shares by person
and by proxy. In the absence OF
President Thomas Lawson, J. Frank
Alice, vice-president Of the company,
presided. Mr.. McSweeney acted as
secretary. w. Harry Miller Of Phila-
dolphia. treasurer Of the company
was present.
delegated Mr.. Alice and Mr.. Mcsweeney
TO vote proxies held by him. was read.
These proxies numbered 2,2Ss.2n shares.
Those present we're; J Frank Alice
Dover. 10 shares; r. A. Barrett and
! =. J. Barrett. both of Philadelphia
1000 shares oach s. J. Abbott. NIL
ford. 90 shares: Newell Ball, Bridge
willie. 1.2O5 shares: J. V. Mccommons,
Dover, 625 shares; u. A. Mcsweeney.
Boston. 100 shares; w. Harry Miller,
100 shares Mr.. Alice also voted proxies
for 22,siO shares and Mr.. Miller s2,ioo
shares.
Decree Of Court Read.
Treasurer Miller read tho decree or
Judge Gray. discharging the receiver OF
the company and also had copies OF Re
ceiver George Wharton Peppers report
which he distributed He reported that
the company had so far received $780,
$3.50 which was deposited in two banks.
in Philadelphia. This sum does not include
S2i2. .lOi69 set aside by the court in Massa-
chusetts. which amount represents claims
filed by attorneys IN that state.
Mr. Miller reported that the sum ex-
pended I'm Massachusetts was ss53.ls5 for
lawyers fees and the receivers allowance.
Of which amount 100000 was p1id to the
receiver
Before the company went into the hands
OF the receiver, Il contracted 10 purchase
the Trenton Water Power Company FOR
100000. on which was paid $4,000. Tho
company then went into ths hands OF the
receiver. II cost the receiver itS9.6i2, I'm
law suits etc. 70 pay the balance. and
he subsequently disposed OF the property
for S35.OO0.
This was all the business that came up
in the meeting and it adioamed.