The Republican journal. [volume] (Belfast, Me.) 1829-current, 1909-08-19
STATE OF MAINE. q
Cumberland SIS. Supreme judicial court.
A. Studley Hart, in Equity,
vs.. No. l493
Belfast Gas and Electric Company.
PETITION FOR LEAVE TO SELL.

RESPECTFULLY REPRESENTS, RichardP
jerks, Receiver of said defendant corporation:
That said Belfast Gas and Electric Companv
was organized for the purpose of making, gem
Grating and supplying to the public gas and
electricity for light, heat and power for munich
pal, domestic, manufacturing and mechanical
purposes. And said corporation is possessed
of those gas. electric light and power plants and
works, and all those parcels of real estate includ
ing pole lines, gas pipe lines, poles, wire, pipes.
engines, machinery, boilers, dynamos, electric
lamps, and all other electric apparatus, water
power, water rights and ways and rights of
way and easements, dams, cribs canals, build
ings structures, machinery. tools, furniture,
implements, posts, lamps, and all other ma
terial and things pertaining to or used in the
construction and reconstruction and operation
and maintenance of said plants and works, and
all rights, privileges and appurtenances belong
ing thereto, all situated in the City of Belfast.
in the County of Waldo and State of Maine.
which were conveyed by N. Curtis Fletcher to
said corporation by his deed dated September
20, 1903, and recorded in the Registry of Deeds
and more particularly described in said deed.
And also all additions, extensions and improve
ments made to said plants and works, electric
pole lines and gas pipe lines and all machinery,
tools, furniture, implements and apparatus of
every description, which have been purchased
poration since said deed to it from said Fletch-
err, including all material and supplies now on
hand for the operation, maintenance and re-
pairs of said plants and works. That all of
said property above described is subject to a
mortgage deed of trust to the Beacon Trust
Company of Boston, in the Commonwealth of
Massachusetts,, as trustee, from said defendant
corporation dated October l, 1908, and recorded
in the Registry of Deeds for said County of
Waldo, book 270, page 165, to secure an issue
of $4,000 of its bonds payable in twenty years
from the date of said mortgage, with interest
at the rate of five per cent. per annum pay
able semi-annually. and subject also to taxes
assessed upon the property for the current
year. That for the purchase of all of said
property and rights, including its franchise of
said defendant corporation, subject to the mort
gage above referred to, but not including there
In bills and accounts receivable belonging to
said corporation or coal now on hand and used
for the manufacture of gas, your petitioner
has received from the Penobscot Bay Electric
Company, corporation created and organized
under Chapter 1856 of the Private and Special
Laws of the State of Maine for the year 1907,
and having its principal office at Bath, in the
County of Sagadahoc, and said State of Maine,
an advantageous offer, to wit, the sum or Four
Thousand Dollars, and in addition thereto the
assumption by the of the taxes assessed on the
said property of said defendant corporation
for the current year. That the plants of said
defendant corporation cannot continue to be
operated without danger iof loss. That your
petitioner has sought from other parties offers
for said property and rights of said corpora
ton, but has been unable to obtain any other
offer, and your petitioner believes that said
offer is advantageous and that it would be for
the best interest of all parties interested that
the same be accepted.
Wherefore, he prays that ne may be authorized
and directed to accept said offer and to sell and
transfer at private sale to said Penobscot Bay
Electric Company said property and rights and
franchise of said corporation for which said
offer was made.
Dated this seventh day of August, A. D. 1909.
RICHARD P. jerks, Receiver.