Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1916-03-08

TO tho Supreme judicial Court in Equity:
Tho Maine Water Company. corpora.
,t.on duly established under the laws OF
Maine: the ST. Croix Electric Light q
Water Company, a corporation guy
!tabltshed under the laws Of the Province
OF New Brunswick; and the Calais Water
Company, corporation duly estaDiisneo
under the laws Of Maine bring this Dill
AGAINST the Maine Trust & Banking Com
lpany Of Gardiner. corporation duly es-
tee under a certain mortgage deed OF
trust dated July %. 1891. given BY the
Maine Water Company to said Trust
Company to secure the payment OF the
consolidated mortgage bonds, so-called.
of said Maine Water Company 70 the
amount Of two million t2.1o,I6) 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 complainants unknown.
The compliments aver
l. That the said Maine Water Company
was authorized by law to purchase. lease
or hold the property. capital stock, rights:
privileges, inlmunities and franchises OF
certain water companies. including the
Calais Water Company: and also to ac-
lcept and take from the Calais Water
Company an assignment and transfer OF
its lease of the property Of the st. Croix
Electric Light & Water Company. SAID
authorization being found In Chapter 339
OF the Private and Special Laws of Maine
for the year 1889. as amended by Chapte.
g of said Laws for the year 1881 and
that in pursuance Of said authority the
eaid Maine Water Company has pur-
chased and now holds the property.
rights, privileges. immunities ana iran
and has accepted and now holds by as,
signment and transfer from the said
calais Water Company its lease OF the
property of the St. Croix Electric Light
q.
under authority Of the decree OF this
Court signed by Mr.. Justice William P.
iwhitehouse on October 10, 1906 sell to the
Town Of St. stephen so much OF the
uric 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-
II 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
'chiees Of the st. Croix Electric Light &
Power Company as 1t acquired by assign
ment and transfer from the said Calais
Water Company of its 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 II under the authority Of
law excepting certain bonds known as
consolidated mortgage bonds. amounting
IN par value TO less than sixty-fve
thousand (65 OOo) 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 f2o.0oop dollars.
land the franchises and privileges OF the
said Maine Water Company;
being operated by the Maine Water Com
;pany are the plants located at Calais
Maine and at Midtown In the Province
lof New Brunswick. which said plants be-
came the property OF the said i'd Maine laans
As aforesaid from the Calais Water Com
Sany and the st. Croix Electric Light &
mater Company: that one OF the duties
Imposed upon the Maine Water Company
Il to provide water to the customers Of
khe Calais Water Company and the st.
(Croix Electric Light Water Company
1T said Calais and at said Midtown. New
Brunswick. for use for domestic purposes:
that in order to procure proper supply
hf water for such purposes it has become
Necessary to procure water from a diner.
jent source than that from which said
water has been heretofore procured
namely. the st. croix River; and that in
brder to 80 procure said water a large ad-
lditional investment Of capital is required:
4. That said Maine Water Company
has received an offer for the purchase
and sale of its said property. rights,
privileges. immunities and franchises
which it now owns and uses in connection
Nith the operation Of the said plants at
Calais and at midtown, New Brunswick;.