Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-05-12
STATE OF MAINE.

| KFNNEBEC, SIS. SUPREME JUDI
| GAL COURT. IN EQUITY.
Frank VI. 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, corporation oisanl%eu ,i, a h.i,,
| the laws of the State of Maine ana nay
| ing its legal location AT AheuStt ~ me
county of kennebee and State of Maine,
and says:
FIRST: The plaintiff is President of
said Inspiration Copper Company.
SECONp The capital stock of said
| Inspiration Copper Company Is Sl0en,"O
divided into l,C0Wo shares OF the par
value of SO each.
THIRD: On March 4, 1872 all of said
capital stock was issued and outstandinS.
FOURTH: At Il meeting Of the stock
holders OF sald corporation ieSaltS eaileu
therefor and held ut said augusta on the
fourth day OF March, 1sl3 at whlcu
there were present in person OF ny
proxy ga4. S9S shares of the l,teo,V1 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 anu
instructed after distributing the pro-
ceeds of the sale OF all the property ana
assets Of the Company aud paying or
providing for the payment OF al cor.
porate debts, to appoint some onlcer oi
ceedings to effect the dissolution OF the
FIfHFH: AT n meeting of the Directors
of said Inspiration Copper Company le-
gally called therefor and held at Said
New York on the eleventh day of April,
1919, the Directors unanimously adopted
RESOLVED that this Company wind
up its affairs and be dissolved and that
the President be and he hereby Is APP
al atJfh
take any and all steps and proceedings
and bring any acton or proceeding IN
any court necessary or proper TO effect
SiXTH: AT said meeting OF the stock
holders held March 4, 1872, the stock,
holders by the unanimous edte ,b Oh fo a..
lowing resolution:
RESOLVED that the Directors OF tne
Inspiration Copper COMPANY pan, pc oe a and
instructed to sell all of the property ana
assets of the Company, of every klhd
and nature and wheresoever situated, as
an entirety, subject to all debts and
outstanding obligations OF the Company
for the sum of Sl0G00.Q90, being the
amount equivalent 10 Slu per Shafe 10
all issued and outstanding capital STOCK
SEVF,NTH: on January g. 1912. H. F.
I J<nohloch the Secretary of the de-
PENDANT Company. sent to the stock
holders of the defendant Company a
printed letter calling their attention 10
81 n
Copper Company giving them the pr ,p,s
leee until and including January -, W.;
of exchanging their stock ior luii paw paw
stock of said Inspiration Consoiidatea
Conner Company on the basis OF two
shares of their stock for one snare OF
the stock of said Inspiration Consoadat.
Guaranty Trust Co. o. New YORK anu
Kidder, Peabody & Co. of Boston, 70
purchase and pay $40 cash, until and IN,
GLIDING January %. 1872, for each s.ai re
Of stock of defendant Company. copy o.
which said letter. marked EXHIBIT y,
is hereto attached and made a part Oh
resnectivelv are hereto attached ana
made a ,l,ait o. this bin. SO
EIGHTH. Pursuant 10 the Yotc u ri,
shareholders. as set forth in iaraSF'up,iI
sixth of .ais bill. all the properly ~.
asset Of tue DefeGGnn: Company Wei
sold. erbiect to all debts and out5ttthu-
ing obligations of said defendant Sut,,
pany to the Inspiration tohEoiia,. ~,
Copper CompanH Tor Slnepl,eM, s,n1 hold
holders OF said defendant company h"'a7
ing stock amounting in the agSfeSattth 49,
999 472 shares have suirendereu 80
,seir distrfbative share of the proceeds
! Of said sale. viz: $40 per share.
NINTH: The defendant COMPANY no nov
has on hand $3.50 for dist lhn'l Stac d'', now
| outstanding held by eighteen stoehnio,,u-
ers OF record. five of whom; noi 10 g
stock in the aSsregate ,o a''o oi mail sent
s 81 tban AT their last known post oalce
| addresses being returned lne ,pa laato,i
| is Informed and believes aug tre stacl :
AYERS that twelve of said eiehteeh s scor1-
! holders of record holding shares, aSeoru
| ing to the books of SAD ~, Soi shst'as
| amounting in the aggregate 10 'ot 81 tho
| have transferred their shares ana inc
! present owners of said stock afe ~
known to the plaintiff. and that pa "
said stockholders holding neshifin;nes
and will surrender his certihcate rs SUI i
as he returns to his home IN SAT- i-aNe
c,TT E;;N nj There are no4existing. liabili-
| tics and no existing assets requiring us
tributjon, except as set forth III "'"-
graph Ninth of this bill. ~, ,YrrIEE,
! WHEREFORE YOUR lhAi4> =
Ri FfRST: That the said defendant corp 6s
| ration NAV be ordered to depoSit II. s"o, t,
depository as this l 9no IF $3.50 to be held
| nv Said depository for the beneht OF sucti
| sfockholders in said corporation as ny ~ :
not yet SURRENDERED their SECT of the cert-
| natas ri stock of such stockholders OF
| mon evidence satisfactory to salu ui e,
pository that such certl, ,dance % 70 be ac-
UNNAMED BY such indemnity agalnst
the production of such stock certinfSih a
as said depository may may de aafan an cor
noration may be dissolved and tefm-
! mated. ,;n3;ef may have
| such other and further relief as the ma
! ture Of the case may require. .,a 81
FOURTH. And that such notlce o.
this bill may be given 10 the deie, ~ ~
corporation as the court may see ~ ~
order. FRANK w HOLMES.
(, Williamson. Burleigh 4 Mclean,
! na,ea this thirtieth day of April, A. D..
1918.