The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1913-05-08
STATE OF MAINE
asr~ -. SUP. JUD. COURT.
SOMbnoD In Equity.
rrnERAL TRUST COMPANY

cpsrr M. SUP. JUD. COURT.
FEDERAL TRUST coMPANf
. ANsoN LUMBER COMPANY
T eth the Supreme JUDICIAL Court IN
,,l EanaII' Trust Company. = corpora
IT., organised and existing under the
Jaws Of the Co ,nca9nH st Boston. IN the
c GU Of SUFFOLK. and Commonwealtn
.,9 Massachusetts,. - trustee unaer ana
p nn rirtue Of . certain trust inoenture
o. m9r. sasTst ds e b. 1865 ises ana recerded
ia! -omerset registry OF Deeds. book
n n ages 412-460, and In the once Of
~. ~ town clerk for the Town Of Arson.
inacS srds Of said town, In book e. pages
Itee So3 and Of after ACQUIRED property
',rder said mortgage described In deed
rpepccrded in said Somerset KeSlstry;
book Xxx jsf q. pages i4s-i47. 1877. $50. ss2
IN No town records OF said Arson, said
III and deed and sales being
n niV and made to said Federal Trust
cc 0mPany corporation organised and
Iis+jng under the laws OF the State
NJ Maine, and having its principal
VI oiace of business at North Arson VII
Tag nnd copies Of said mortgage. deed. and
an Ias 70 be hereunto annexed and made
ats of this bill,-complains against
pad pad North Arson Lumber Company.
ana Said Said North Arson Lumber Com
NAVY on the fifteenth day Of August, A.
" m isos. by it's trust indenture or mort
rage deed Of that date. duly executed
a ss bereunto annexed and made part
- This bill. granted, bargained, sold,
assigned, transferred, and conveyed
mt" "nt5 the plaintiff. its successors and
nsn,e and nature. whether real, per-
seraI or mixed, In trust to secure the
nagment of the principal and interest
Of proposed issue Of fifty thousand
of said North Arson Lumber Company,
ring date the fifteenth day of Au-
p1st, A. D. 1908. and payable the nj
t.enth day of August. A. D. 1923. with
annum. payable semi-annually on the
afteenth day of February. and the fif-
teenth day OF August in each year:
Said North Anson Lumber Com
nanv made and duly executed and ts-
spued its said fifty thousand dollars of
The said trust indenture or mort
gage securing said first mortsags
mortgage, and the said North Arson
Immber Company SO covenants. that.
IF the company make default In the
payment of interest on any OF said
bonds.
tinue for the period of ninety days at
tsr said interest shall become due and
payable the trustee may, and upon the
written request of the bondholders or
dfty-one per centum In amount of the
bonds then outstanding. shall declare
the whole Of the principal Of all the
bonds to be Immediately due and pay
able, anything in said bonds or herein
contained to the contrary notwith-
The plaintiff alleges that default
has been made in the payment OF the
interest coupons due Feb. Is, and Au-
Is. 1912, on said bonds. and that said
defaults have continued for more than
ninety days; that the plaintiff as
trustee under said mortgage having
hfty-one per cent in amount of said
bonds outst anding, has declared the
whole of the principal of all of said
bonds Immediately due and payable,
anything in said bonds to the, contrary
notwithstanding; that the plaintiff as
trustee under said mortgage has been
requested by the holders of more than
hfty-one per cent of the bonds out
standing, to foreclose said mortgage. J..
8 That on the twenty-ninth day of
October, A. ID. 1912. the plaintiff gave
TO the defendant written notice that
the plaintiff did declare the whole of
the principal of all Of said bonds inn
mediately due and payable, and like
notice of all the other matters .speci-
fed in paragraph four of this bill a
copy of which notice is hereunto an
nexed and is made part of this bill
WHEREFORE THE T L A N T | f #
PRAYS:
/. That the total amount of the
principal of the bonds secured by said
mortgage, together with all accrued
and unpaid interest thereon. shall be
declared to be Immediately due and
payable.
3 That the said North Arson Lum-
Der Company shall be ordered to sur
render Immediately to Federal Trust
Company possession of all and singular
the mortgaged premises and property
Of every kind. name and nature.
3. That the plaintiff may be author
lied and directed, with or without en-
try upon the premises, as 1t may see
fit, to sell all of said property as pro-
vided by said mortgage, giving proper
notice thereof. as said mortgage may
provide and as this court may order.
T. That 1t shall be further authori-
2ed and directed to convey the property
SO sold. by a proper and sufficient deed
or deeds thereof to the purchaser or
purchasers therefor. in fee simple and
absolutely discharged of all and any
Of the trusts specified In said mortgage.
5. And the plaintiff prays for such
other and further relief as the nature
OF the case may require
FEDERAL TRUST COMPANY,
BY Samuel A. Merrill
Its Treasurer.