Daily Kennebec journal., 1916-03-15

! VS.. MAIN L lIlSl AMI >N A-> ~
| COMPANY, TRUSTEE.
| To the Supreme Judicial Court In Equity:
/ The Maine Water Company, corpora.
ton duly established under the laws OF
! Maine: the st. CroiX Electric Light 4
Water Company, a corporation duly es-
! tabliShed under the laws of the province
of New Brunswick: and the Calais Water
! Company, corporation duly estaD!lsneu
under the laws of Maine, bring this bllt
against the Maine Trust & Banking Com
pany of Gardiner. corporation duly es-
tablished under the laws of Maine. Irus.
! tee under a certain mortgage deed OF
trust dated July %. 1891. given by the
Company to secure the payment OF the
consolidated mortgage bonds. so-called,
of said Maine Water Company to the
amount of two million (2,N0,00O dollars: ::
| and also against all the several bond
holders holding bonds secured by said
mortgage deed of trust. the names and
residences Of said several bondholders
| being to your compliments unknown.
The complainantS aver:
l. That the said Maine Water Company
was authorized by law to purchase, lease
or hold the property. capital stock. rights
privileges, immunitieS and franchises OF
| certain water companies. including the
Calais Water Company; and also to ac-
| cept and take from the Calais Water
Company an assignment and transfer OF
! it's lease of the property of the st. Croix
Electric Light & Water Company. said
authorization being found in Chapter 33a
of the Private and Special Laws of Maine
for the year 1889. as amended by Chapter
| 33 of said Laws for the year 1891: and
that in pursuance of said authority the
said Maine Water Company has pur-
rights, privileges, immunities and fran
chises of the said Calais Water Company.
and has accepted and now holds by as
signment and transfer from the said
property of the st. CroiX Electric Light
& Water Company: excepting that it did
under authority of the decree Of this
Court signed by Mr.. Justice William ?.
Town Of St. Stephen much Of the
property formerly of the St CroiX Elec-
trio Light & Water Company as was
located in said Town of St. Stephen;
Also. the said Maine Water Company
has by different and separate convey
ances sold to various and several pur
chasers all of the property. rights, privi-
leges. immunties and franchises which
it acquired by virtue Of purchases au-
thorized as aforesaid. excepting the prop
erty. rights, privileges, immunities and
franchises of the Calais Water Company
aforesaid and so much of the property,
rights, privileges, immunities and fran
chises of the st. Croix Electric Light &
Power Company as it acquired by assign
ment and transfer from the said Calais
Water Company of it's lease from the St
| Croix Electric Light & Power Company
as have not heretofore been sold by the
said Maine Water Company to the said
Town of st. Stephen:
2. That the said Maine Water Company
has fully paid and taken UP all of the
bonds issued by 1t under the authority of
law excepting certain bonds known as
consolidated mortgage bonds. amounting
In par value to less than sixty-fve
| thousand (65.000) dollars; the security for
said outstanding bonds being the remain
ing property of said Maine Water Com
pany as heretofore described, together
with the surplus. undivided cash belong
ing to said Maine Water Company de-
posted with the said Maine Trust &
Banking Company. amounting to approx
mately twenty thousand (29.OOO) dollars,
and the franchises and privileges Of the
said Maine Water Company;
3. That the only plants now owned and
being operated by the Maine Water Com
pany are the plants located at Calais.
Maine. and at Milltown In the Province
of New Brunswick. which said plants be-
Water Company by purchase and lease
as aforesaid from the Calais Water Com
pany and the st. Croix Electric Light {.
Water Company: that one of the duties
Is to provide water to the customers of
the Calais Water Company and the 81
Croix Electric Light & Water Company
at said Calais and at said Mlltown, New
Brunswick for use for domestic purposes.
that in order to procure proper supply
OF water for such purposes 1t has become
necessary to procure water from a differ.
ent source than that from which said
water has been heretofore procured
namely, the st. Croix River; and that in
order to SO procure said water a large ad-
ditional investment of capital is REQUIRED.
A. That said Maine Water Company
has received an offer for the purchase
and sale OF its said property, rights.
privileges. tmmunities and franchises
Wnicn IL now owns and uses in connection
with the operation of the said plants at
Calais and at Milltown. New Brunswick: