Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-01-29

the regime of the Washington company
in the affairs of the other corporation
W. Riley Decide. who did not live IN
Georgetown, was continued at the head
of the company for many years, the
court is told.
In 1907 Mr.. Mclean transferred the
certificate fon =. $50 shares to the name OF
the Washington Gas Light Company. ana
Georgetown. was made president of the
Georgetown Gas Light Company, IL Is
stated.
When the disclosure was made in Octo-
Der 1907. that the Washington company
held a controlling interest in the George
town company, the plaintiff says. great
dissatisfaction was caused among the MI
nority stockholders OF the Georgetown
company and they set about disquietinS
some way to correct the condition or al
fairs. The dissatisfaction increased, II Is
alleged. until an open revolt was imml-
nent in the spring of 1911. The threat
ened revolt, ii is said had the effect or
causing the Washington company TO vote
for the slate of officers and directors Sc
lected by the minority, and Robert u
Weaver OF Georgetown became president
and the minority shareholders assumed
absolute control of the company
In May, 1912 the bill states, the George
town company notified the Washington
company that its claim of right to vote
the shares OF capital stock OF the George
town company claimed to be owned by It,
at the ensuing election in June. iJi2
would be challenged and denied on the
ground that It's pretended ownership was
invalid.
Refuse to Recognize Proxy.
June 8. 1912. when the hour for the
election by shareholders arrived. the bill
states, the Washington company ap-
peared by proxy at the office OF the
Georgetown company and presented
regularly executed proxy given by 1t 10
Or. Guy Whiting to vote the 1880 shares
OF stock of the Georgetown company IN
the election of directors, but the George
town company, through its officers, re
fused TO allow the shares 10 be voted or
recognized in any way. either in the tlec-
tion of directors or in any other matter
submitted to the vote OF the Shareholders
and the candidates for directors noml-
mated by the majority of shareholders
other than the shares claimed by the
Washington company were voted for by
The shareholders. the directors receiving
the votes of 2,O4S shares and Were there
upon declared to be elected, and have
ever since been in control of the George
town company and in possession of its
offices. property and business. and have
controlled its corporate activities, prtvi-
1eges and operations.
The reason for joining the American
Security and Trust Company as party
to the suit is set out in the paper nied.
II shows that the Washington company
gave a blanket trust on all its property
and holdings November 1. 1910, 10 the
trust company as security for an issue OF
bonds This trust while not specifically
naming these shares. is broad enough to
have passed title, il is explained. ii the
ownership of the Washington company
had been valid.
The plaintiff AYERS that the trust com
pany had notice that no title passed, bu.
says ii is Informed the trust company
and the Washington company both claim
the deed is effectual to pass title to the
trust company OF these shares Sc
curity.