The Montgomery advertiser., 1908-01-05
Mr. Tillis Enjoined from
 Selling Bonds. IRE VALUED AT sso,OOO
Action Taken at Request of H. 1.
 Doherty.
poherty Claims TIIis Signed Contract Arxeeing to Buy sixty-seven Bonds of Consolidated
 Light Company.

Richard Till;s was yesterday after noon enjofned from disposing of $50 900 worth of bondS of the Consolidated Light and Watek Power Company, ana in connection with the case the Fourtn National Bank was restrained rom turning over to MT. Tillis nste for which these bonds were given as col lateral. This action was requested oy Henry L. Doherty & Co. of New fork.
 The differences which led to the in function and Restraining order being issued are quite complicated and in volved dealings in loans and bonds between th.s company and Mir. Tillis. Although the bonds are those of the Consolidated Montgomery Light and Water Power Company and Mir. R. L.. Chambers's name appears in the pa- pers. neither MT. Chambers nor the company is involved in the suit. In the petition of Henry L. Doherty & Co. filed in the Federal Court yes- ferday afternoon. the petitioners allege that Mir. Tillis has failed to keep a writ ten contract whereby he was to buy sxty-seven bonds worth approxmately S50.000. It is averred that about Octo- heE 1. 1907. that MT. Tillis and MT. Do- herty entered into an agreement where by MT. Tillis was to buy the sixty-seven bonds and that when the bonds were
 
 for the sale. that MT. Tillis stated that he was not ready to buy them. The pefitioners state that he said that ow- #ag to the financial stringency, he was unable to buy them. but would talk to them. on November. 1. It is alleged that the bonds were delivered on that date. but still Mir. Tillis refused, and named January 1 as the day for the sale. On the latter date the same thing f<rerf1FTAA a n The nafiffnnare pray the court to compel Mir. Tillis to keep his part of the contract.
 On July 1. 1907. 1t is alleged in the petition. Henry L. Doherty & Co. cor rowed s50.000 from MT. Tillis for six months at per cent. giving seventy i've Consolidated Montgomery Light and Water Power Company's 5s as col lateral. Yesterday the note was due, and tt is said that Doh erty & Co. were willing to pay it if MT. Tillis would keep bis part of the contract about the exty-seven additional bonds for which he was supposed to have bargained. Mr. Tillis, 1t Is alleged refused still to buy these bonds and stated that if he vas compelled to renew the note he already held that he would require 15 per cent on it.
 A representative of the firm of Henry [. Dohertv & Co. stated last night tn at his company was willing to pay the note now if MT. TiIlis was wflling to keep his part of the contract on the sstxty-seven bonds he is supposed to have agreed to buy. He also stated that his company would not pay 15 per cent if the note was renewed, unless MT. Tillis would pay them the same amount on the sixtv-seven bonds which he had not yet bought.
 When the case was brought before Judge Jones yesterday he issued the order restraining MT. TiIlis from dis posing of the bonds which he holds as collateral against this company and en1oined the Fourth National Bank from turning over to MT. Tillis the original note.
 The hearing for the original case was set for the first day .n February.
 Mr. Chambers vas named in the suit because it was through him that the contract whereby MT. TilIis was to buy the additional sixty-seven bonds was made. He simply acted in the capacity Of broker, being acquainted with both parties.