The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1908-07-11
In the Circuit Court for Cecil County
In eanity. No. ESQ

- ~7@''Nff 49, -f't
The object Of his suit is to procure the appoint
ment Of n Receiver for the property mentioned In
the Pill and Tor an INJUNCTION A. therein prayed.
PENDANT first herein named and for other relief.
The bill states:
l. That the plaintiff IL n citizen OF the State 81
Maryland residing In the town Of Port Deposit.
la the County Of Cecil in the State Of MARYLAND
aud that OF the defendants, The Venture Corpora
ton OF America Is corporation. organized. ex-
isiing and doing business under the laws Of the
state Of Afisona having i's principal Office iocai
sylvana and having no President Directors. OF.
hcers OF Agents residing IN the stats Of Mary.
land upon whom process can lie served aud that
the said Henry H. Hubner resides In The CITY Of
baltimore. IN the State Of Maryland. aud the said
William J. Black resides In the city Of Pitisburg
aforesaid OF elsewhere beyond the Jurisdiction %
this Court. and the said The Cecil National Rank
OF Port Deposit, Is a corporation Of the United
States, doing business In the town OF Port De
posit aforesaid.
,. That the capital stock OF the defendant, The
Venture Corporation OF America, consists OF
10000 shares OF common stock Of the par value
OF sl.0o per share and that the plaintiff Is duly
qualified stakeholder thereof, owning 7OD.Up1
shares OF the full paid worcestershire stock
thereof.
!. That upon the organization. OF said corpor-
alton all OF its stock was made full paid by the
issuance thereof for property Ia accordance
with the laws Of the state Of Arizona, and ~ per
cent Of said stock 50 issued. was donated aud re.
turned to the treasury Of said Arizona corpora
ton by your orator and other stockholders there
Of to be at once sold aud used for the purpose Of
purchasing aud Operating the Tale property
hereinafter mentioned.
4. That the said Arizona coronation. sui~e-
aucnt to the organization thereof, sold i0DOOD
shares OF said treasury stock for the price Of IN
cents per share, or total sum OF $4,000. leav.
inR stock IN the treasury at the present time,
unsold to the amount OF sSdo.CJo. and that 500.
shares of The stact taatrd addition In
10000 shares held by the plaintiff. are held aud
owned by number 81 individual stockholders.
s. Tina, said Arizona corporation was organic
cd for the purpose Of purchasing owning dcvrI-
oping aud operating certain piece OF tale prop
erty OF real estate. consisting Of twenty three
acres. more or less. located at the village
OF SonowinRo IN the 9Th election district Of
Cecil County aforesaid, the cost price OF said
property being the sum OF SSOolup.
O.. That on or about the 18th. day Of February
IN !he year ipn the plaintiff. acting for himself
individually aud IN his own right entered into
certain option contract with the said Henry u
fiubner and The Cecil Mineral Company OF Cecil
County aforesaid. wherein and whereby the said
Henry II. llubner and the said The Cecil Miner
al Company agreed to sell aud convey at the CD
ton Of the plaintiff on or before the 18th day Of
MAY, III the year iEls the tale property described
~ paragraph hereof, for the price of $4,000.
$50 IN cash on the signing Of said option agree.
mcnt, and the remaining sls0O.I to be paid on or
before May, 18TH. 1875 copy Of which agree.
mcnt or contract being ded with said hill as a
:. That the said The Cecil Mineral COMPANY
Is corporation of the State of Maryland doing
Business and whose principal Office u.s. in Cecil
County Aforesaid
:. That on OF about the 18TH day of February
ifJs the plaintiff entered into a written contract
with the said William J. Black. wherein aud
whereby the plaintiff agreed to assign aud sell
aud did assign aud sell all OF his interest in said
option contract mentioned aforesaid to the said
William J. Black. he agreeing to organize and
incorporate the saih Arizona corporation. for the
purpose OF taking over owing aud operating
said tale property, copy OF which said contract
between the plaintiff and the said William J.
BLACK being hlcd with said bill as a part thereof
marked Exhibit b.. 1t being agreed that the
plaintiff should receive n consideration for his
said interest ~ pet cent Of the capital stock Of
the said Arizona corporation.
=. That on or about the day OF February
10, 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 and II aforc-
said, passing the entire interest and right Of I'm
any owning, acquiring aud operating, the said
tale property, to the said Arizona corporation. a
copy of which said assignments being filed with
said hill. marked ENh'bi, {" aud Exhibit u"
respectively.
10 THAT pursuant to the purpose for which
said property was acquired aud the said arizona
corporation was organized. the said defendant
The Venture Corporation OF America, employed
the plaintiff ~ manager, giving him full charge
aud control OF the opening starting and carrying
on the business OF mining aud marketing the tale
underlying said property and that the necessary
tools aud machinery were purchased including
engine, saws aud other articles aud machinery to
the NnluC ni about siHpl and the same was duly
delivered At the >aid property and placed in oucT.
alton, on ~ about March IS. l'sN the plaintiff
giving his entire time aud personal supervision
Thereto,
~. That under the terms Of -aid option con.
tract A. the said Arizona corporation. during
the continuance al said option, had the right 10
Install machinery and to mine quarry aud mar.
kct the tale product from said property. upon
payment To the owners thereof Of the sum OF So
per ton tot all tails, mined and marketed prior 30
MAy IS, lWiN. ONvt So tons. and on which date the
said Arizona corporation would receive it, deed
from the nwucts ut said property, on the pay.
ment Cos thcm Of the said remaining sHin Of
Sifiuul.
D.. That ,hc plaintiff ~ manager iot the said
Miynna corporation. acting los the authority Of
il- Hoard nl Directors aud pursuant 60 the powers
aud duties 81 his said employ mcut. started to-
work aud Open up the said quarry on the said
property. and employed llboTvr- aud men Tor the
putiusc "i operating nul carrying on tbs bust.
ness lIorvSd thereon, and had every thing IN such
excellent condition Tor work that said Arizona
corporation could carry on said work so success
fully aud prohahy rs to yield to II the sum of
about ~" rrr ton net, OF, at least S7S.uu pet
day. net profit.
~. rha, on OF about April aud lyI> withou,
authority 81 the Board Of Director. ni said Arigp-
no corporation and without guy notice
wh1tsorScr aud without auy reason OF lusi cause.
the said William j. BLACK, It's President visited
the SAID property IN the temporary absence 81
your orator uiu directed AL work. then going
on. TO be STOPPED aud discharged the men en-
pluyc ed hy the plaintiff ON behalf OF the said ulct-
atiuV corporation, closing down the mine aud
putting the same ont Of operation, % the grea,
loss. damage and injury OF the said Arizona cor.
pofaiton aud It's stockholders.
-. That on about March 10Th lpis the said
William J black President al The said Arizona
corporation. gave To your orator check lot
the sum of s1sh.rn for the payment OF the
wage OF the said men, employed as aforesaid,
aud at such oilcf bills and obligations as
the SAID Arizona corporation had uCurt-
ed ~ the operation Of THE said m,Uc which
check your orator deposited IA the said, The
Cecil National Rank ui rprt DEPOSIT aud ISSUED
a check against the same Ton cash 10 pas the said
wprkmcu aud other creditors oi the said opera.
ing company. which check was paid hy the said
bank and the said William ]. BLACK afterwards.
without any reason OF lust cause and to the
damage aud disgrcdi OF said Arizona corpora.
ton, stopped payment oi the said s,Sn check. aud
the said Arizona corporation II now 'n,lshi.. $50
to ,hc said Rank for the amount thereof.
IS, That since the stoppagc Of payment a.
aforesaid the said defendant The Cecil National