The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1908-07-04


ia Tha, with the operations Of TIE mine stop
ped and no more stock sold and no arrange
ment or provision whatsoever made OF intended
TO be made. for the payment o. The BALANCE OF
the purchase money. and having no other in
come aud not having sufficient cash on hand 10
meet said obligations. the said Arizona corpora
tor stands IN imminent danger OF losing sad
property. TO the great loss. damage and injury OF
The plaintiff and ali OF its other stockholders.
~. The plaintiff AYERS that In addition TO the
said sum due to the said Bank. the said Arizona
corporation has other outstanding obligations TO
the amount Of 500 500. IN addition to the said
$3.50 purchase money. and the mine being idle.
tine said property Of the said Arizona corporation
is In imminent danger Of being swept away and
sacrificed by suits and executions; and the stock
holders thereof are in imminent danss Of losing
entirely. not only the money paid ior said stock.
hut the entire tale property aforesaid.
20 That the plaintiff AYERS and says that the
owners OF the fee OF said tale property have re-
fused to extend the time for the payment Of the
said $500 and the Board Of Directors Of said
Arizona corporation have declared their inteu-
ton not TO pay the said sum OF StsoO purchase
money. and that they will allow the said option
to expire. but that Il the said property 10 i'm:
mediateiy placed In the hands OF a Receiver OF
said Court. with power to continue and carry on
the said operations as begun BY the plaintiff the
said mine would earn sufficient Of money, before
the expiration OF said option. over and above all
eosts and charles Of operation. TO meet and pay
the balance Of said purchase money and this,
taken in connection with the stock oil the said
operating cooperating corporation. which should
he. and can be. Immediately sold would provide
sufficient Of money aud capital to pay all Of the
debts Of said operating corporation and thus
secure and save for the creditors and stockhold-
efs thereof. an exceedingly valuable investment;
or II In the Judgment of the Receiver OF said
Court. so 20 he appointed. IL SHOULD be deemed
for the best interest Of the creditors and stock
holders Of the said Arizona corporation that the
Contract OF option Aforesaid and the property
therein and thereby purchased. shall he sold and
the business OF the said Arizona corporation car
ried on on said property. shall be wound up.
that said Receiver may be authorized and en-.
powered to sell said option and property and
on. hut that the plaintiff Is without remedy with
out the inierposition OF said Court. The bill
then prayslfor the relief Aforesaid.
II Is thereupon this I'd day OF July. 1905, order
ed that the plaintiff, by causing a copy of this
order TO lie inserted IN some newspaper printed
and published In Cecil County aforesaid, once In
each Of four successive weeks before the I'd day
of August 1905. give notice to the absent defend
ant. William J. Black. and the said foreign cor
poraiion, The Venture Corporation OF America.
which. as aforesaid. has no President, directors.
officers or agents residing In the State OF Mary
land upon whom process may be served OF the
object and substance OF this bill. warning them
to appear In this Court in person or by solicitor,
on or before the 18th day OF August next, TO show
cause " any they have. why decree ought not
to be passed a. prayed.
MANLY DRESNRS.
True Copy-Test: Clerk.
July al MANLY DRENSHS. clerk.