The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-07-17
Alleged Illegal Meeting.

'f'N 80 ''iNNNiif9
Mr.. Madison charges in his complaint
mat after the articles OF Incorporation
were drawn and approved by the board
Of directors, Holden. Many and Andrews
changed the wording of Article tx, sub
shutting the word three for -four,
making the article read.
The board shall consist Of five direc-
tors. three of which shall constitute q
quorum
This change was made in the articles.
filing with the county clerk The com
plant further alleges that in December
1909, Many. Holden and Andrews held a
directors meeting I'm Cleveland O. at
which time he was deposed as manager of
the company. He charges that the meet
ing was held Illegally and without his
knowledge. He further says that he was
never notified of any proposed meeting
Of the stockholders Of the company and
that he never attended any meeting. The
complaint charges that the object of the
meeting between Holden, Many and An
crews. at which time Holden was selected
as manager was to vote the stock of the
company into their hands and thereby
-ain control of the mine.
Mr.. Madison also charges that the min
ing property Of the Dutchman Mining
company was leased to Heber Wild With
out being properly ratified BY the board
or directors, and that more than $1,000
was paid to Holden on the lease. which
money II IS charged. was used BY Holden
for his own personal needs and no part
was ever given over TO the treasury of
the company. Mr.. Madison also charges
Holden with appropriating for his own
use money received from the sale of ores
taken from the mine prior to the leasing
Of the property.
Asks for Injunction.
At the end Of the lease Of the propertv
TO the Wild brothers, Holden and his as
sOciateS are alleged To have organized
the Dutchman Mining Leasing company.
which company was to take out a large
body Of rich ore that had been opened
up by the formers workers of the mine.
II IS charged the 10000 worth of ore
was taken from the mine by the Dutch
man Mine Leasing company. but no part
or the money was ever accounted for to
the stockholders. but was used bv Holden
and his associates Mr.. Madison saws
there is now $4,000 worth of. ore in sight
vent Holden and others from extracting
the O-e.
1t is Furthermore alleged in the com
paint that at a meeting held in Cleve-
land last year between Holden Many and
Andrews an unlawful issue of treasury
stock was made, which was divided be
tween the following persons: Frank r
MANY, 900 shares; Il. J. Kruse. 10
snaTes; J. s Easement. wife and son. IL
go shares, ". G. Andrews. 300 shares.
Iheo. NJ. Andrews, 5000 shares; w. J.
Holden. 800 shares: Olive NJ Wright
5000 shares: J. z Mcfarland ON shaToe
Mr. Madison says that all the meetings
were irregular aud illegal and that Hold
en-. Andrews and Many formed conspir-
acN TO detrRud him and other stockhoId-
ers out of their holdings i'm the cor7nar7-
He asks that an accounting of ever.
transaction OF the company be made ana
lnat receiver be appointed to take over
the affairs of the company and Operate
the mine only under the direction of the
court. He Furthermore asks that an in
junction be issued to restrain the pres
ent management from taking any more
ore from the mine
A private safe may be rented in the
fire and burglar proof vault OF the Salt
Lake Security &. Trust Co % IN ATain