Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-05-19
STATE OF MAINE.

KENNEBEC, SIS. SUPREME JUDI
CIAL COURT. IN EQUITY.
Frank ". Holmes VS.. Inspiration Cop
per Company.
Frank w. Holmes of New York in the
County and State of New York, COM
plains against the Inspiration Copper
Company, a corporation organized under
the laws of the State of Maine and hay
ing its legal location at Augusta in the
County of kennebec and State of Maine,
and says
FIRST: The plaintiff is President of
said Inspiration Copper Company.
SECOND: The capital stock of said
Inspiration Copper Company is $l00U,00
divided into 100000 shares OF the par
value of SO each.
THIRD: On March 4, 1912, all of said
capital stock was issued and outstanding
FOURTH: At a meeting of the stock
holders of said corporation legally called
therefor and held at said Augusta on the
fourth day of March, 1872, at which
there We're present in person or by
proxy 99i,S9S shares of the 100000 shares
of said Company issued and outstanding,
the stockholders of said Company. by
the unanimous vote of all the stock
represented, adopted the following reso-
luton:
RESOLVED that Inspiration Copper
Company be dissolved and the Directors
are hereby authorized, empowered and
instructed after distributing the pro-
ceeds of the sale of all the property and
assets of the Company and paying or
porate debts, to appoint some otfcer OF
the Company TO take appropriate pro
ceedings 10 effect the dissolution OF the
FIFTH. At a meeting of the Directors
of said Inspiration Copper Company le-
sally called therefor and held at saia
New York on the eleventh day OF April,
1918, the Directors unanimously adopted
the following resolution:
RESOLVED that this Company wind
up its affairs ami be dissolved and that
= he president he and he hpfebN dD-
pointed, authorized and empowered TO
take any and all steps and proceedings
and bring any action or proceeding III
any court necessary or proper to effect
such dissolution.
SIXTH: At said meeting OF the stock
holders held March 4, 9i2, the stock,
holders by the unanimous vote OF all
the stock represented, adopted the iol-
lowing resolution:
RESOLVED that the Directors of the
inspiration Copper Company he ana
hereby are authorized, empowered ana
instructed to sell all of the property ana
assets of the Company, OF every KIM
and nature and WhereSoeVer situated, as
an entirety, subject to all DEBTS ana
outstanding obligations of the Company
for the sum of S1h,OO0ee, being the
amount equivalent To $40 per share Tor
- SEVENTH: on January 6, 1912; II. +.
J. Knobloch, the Secretary OF the ae-
PENDANT Company sent TO the stock
holders of the defendant Company n
printed letter calling their attention to
an offer of the Inspiration eoilsollaail .;
Camper Company giving them lhe pflAi-
leee until and including January ~ VI
of exchanging their stock for fuii pala
stock of said Inspiration Gohsoilda leu
Conner Company on the basis or two
shares of their stock for. one, share oil
the stock of said Inspiration CONSEQUENT I :
ed Copper Company and 10 an oLler VI
Kidder, Peabody & Co. of Boston; to
purchase and pay $40 cash, until ana IN
GLIDING January %, l9l2, Tor eacn a.iai - s
of stock of defendant Company, copy OF
which said letter. marked Exhibit a, :
IL hereto attached and made d part OF
this bill and copies of when saId On 81 =
marked Exhibit p 5sra ana att a,ehl1'' and
made a part of this bill 49,, - the
EIGHTH: Pursuant TO the vote OF tl a6
stockholders, as set form III and
assets of the Defendant Company Wele
sold, subject to all debts and outsi 53,si-
ing obligations of said defendant con-
nany. 10 the Inspiration eohsoliaat9,o
Conner Company for $i0.0o0,0b. and stocs-
hoiders of said defendant Company nola-
ing stock amounting in the aSefeSatts1 H.
eertidcates of stock and have been paaeo ~
thair distributive share of the proceeus
Of said sale viz: SO per share 49,.
NINTH The defendant Company no"
has on hand So $50 for distribution among
The holders of the SIS shares OF STOCK nov
outstanding held by eighteen st"S Snidin :,
ers of record I'VE 2l aWm1n7inting to 81
shares cannot be located, all man s as
10 them at their last known posti , IN r.
addresses being returned eae tbnrafore
ayers That twelve of said eighteen StoeS9
holders of record holding shares, ae S.anY
ing to the books OF sa1a a *, so. sha@as
have transferred their shares ana tne
nrasent owners of said stock are dn 9
known to the plaintiff; and tfa1 . 1t1c t t.
Gov 10 shares is now in the Phiilipiiles
md will surrender his certificate as soon o., !
as he returns to his nome III 9"i' i1e's>N
TE;NTH: There are no existing ilae 9;l
+ias and no existing assets requiring dis-
tribution, except a : set forth III Ia"
graph Ninth Of this I blll; PLAINTIFF
i FIRST; That the said defendant corp9,-
ration may be ordered to depo so,, ~ may
denository as this Honorable court hid ma
delSnnata the said sum of $3.50 TO be held
nv said depository for the beneht OF SUN SUN
Stockholders in said corporation rs le a. {
not vet surrendered their STOCK, "po arti6
livery to said depository OF me Ger lii ~,
Gates of stock of such stockholueIs VI
,Inon~ evidence satisfactory to salo W -
nnsitory that such certificate OF STOCK -
lost or destroyed, said evidence 10 pe at
companied by such indemnity asaii .s
the production of such stock cer ,S5a
as said depository may may oe Gafendant cor
poration may be dissolved and terml-
''@ miro: That the plaintiff may have
such othpr and further relief as the ma
ture Of the case may REQUIRE .,,oa If
FOURTH: And that such nollee, o, OF !
~ S;ii may he given to the defendant
e.i1 as the court may see lit 10
order. FRANK w. HOLMES.
| Williamson, Burleigh, & Mclean
| mated this thirtieth day of April, a. ID.