Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-07-29
STATE OF MAINE
xHfdAuBEC. az. SUPREME JUDO.
IN G0TYRT m EQUITY.

KEDHBEG, SO; sU 1T,EIT1 JUDO
Central Securities Corporauon '.
Kennebec Gas 4 Fuel Com rspt;ny . car
ppc cf1 MN eu :nS having its established
plaes Of business At AqEu nnsh. Mat "a.
complains against tne sevr.
and Fuel Company ana says
ssid Ksnnebec Ga. 4 Fuel F. J. cem al;an i, z
g: so@ps5pyE, = R ssassdd ssasSses and
CHAPTER opr, p o. under 1ns the provisions Of
Ghsnfe, n private and Special Laws OK
Maine. approved March L. 1913
sECT az. = eas plant situated in the city
~ wafervifie and the adjoining towns
~ Winsiow and Fairfield and 10 row
ana for moro than fve years pASe NJ
heen engaged In making and distripue-
ing gas in that territory.
It's operations have been conducted at
financial loss ever since they oesah'
iInder date Of November /. 1913. said
dred thousand (30oooo) dollars. ana .as
same are now outstanding In the nanos
of holders for value.
The capital stock Of said corporation
has been issued to the amount OF W.
hundred thousand oooooo) dollars a mo
the same is now OUTSTANDING !"
hand. Of holders for vaiue'
The company is :;lso indebteA on .S curt
seven thousand Coo0 dollars.
The company's assets consist Of its
plant above mentioned. small quanuty
Of supplies worth only Few nunaie1
dollars: and accounts T rec aPan Won" four
thousand (4OoO dollars: the plant - only
partially completed, Is unnt 10 renSel
GOOD service even to the limited NUMBER
Of customers it now has, ana ourihs
the mast wear has been obliged 10 oe-
Zine to render service to more than
two hundred (2oN applicants who asked
EIGHTH: =. ~
.rrsa r. from the time of their issue and
the Company has no funds or means
with which to pay said interest or tnH
current Indebtedness. except t ne sa q
amount amour due ausrce ON f haif enough to meet
the current liabilities.
There is immediate and pressing neea
for the expenditure on ana iais improvng
the Company's plant and extemonns ii is
mains which money the company IL
utterly unable to raise IN us pfeseh'
condition.
Your complainant owns more tnan
seven -eighths az of the OUTSTANDING
bonds and stock and is willing 10 unue :
take TO improve the re-. s't Campany. but
cannot do so safely under present coii
WHEREFORE. your &c eom arpna;naff
~ take charge Of said Kennebec Gas :
T,s1 Somnany and bring about set
Element of it's affairs in accordance VIII
law. n,o,r+ed tn re-
se;ve nroof of the claims against sac
Esnnebec Gas & Fuel Company ane
make report thereon to the court ,;o, .,
3. For such other and further renei d
the nature Of the e,. case n May Honorabl,
Court to issue its subpoena to the SAL
Kennebec Gas & Fuel Company com com
manding it to appear before tnls -; Etu =
the August rules following and aoid
the orders and DEGREES of Court thereon
'Ae CENTRAL SECURITIES.
By HARVEY D. EATON.
President.
HARVEY D, EATON, ,.,r
Solicitor for Plaintin.
STATE OF MAINE go,
Then personally appeared Harvey D
Eaton and made oath that he has reae
the above bill and knows the con.en y,
his own knowledge. except the mat,e Hs
stated to be on Information and peneI
and that as to those matters ne peheVe
them to be true.
Before me,
Justice of the Peace.
r,ror the foregoing bill it is hereby
ORDERED: .
1. That hearing be had upon TN IN
same on Tuesday, August D, "A. u. l sL
at ten o'clock in the forenoon at nt
That notice of said hearing be civ
en-. by serving an attested copy . OF san
Iavs before said fifth day of Angus
upon the Clerk of said Kennebec Gas
Fuel Company. and that further notic
of the same be given by having an az
on published once a week for two sue
cessiye weeks in the Daily kennebe
Journal. the last publication to be a
least seven days before said fifth da
3. That pending said. hearing an
further order hereon Walter s. Wymal
of said Augusta be and hereby is ap
pointed receiver of said Kennebec Ga
4. That said receiver before entering
upon discharge of his duties as sue
shall file with the Court BOND IN Tn
penal sum Of Ave thousand (50O0) dol
lars, with such surety or sureties a
may be approved by any justice OF tn
Supreme judicial Court;
s. That pending further order hereof
said receiver immediate upon filing hi
said bond shall take over. the propert
Of said Kennebec Gas & Fuel Compan,
and assume the management and con
troll of its business. with power to max
such renewals. repairs and additions I
said plant as may be necessary to tn,
proper prosecution of the business. and
subject to order of Court, shall do ant
perform all things necessary for salts
factory and sufficient conduct of thu
business agreeably to the duties i'm
posed upon said Kennebec Gas & Fue
Company as a public utility;
90 That for the purpose of raising
sufficient sums of money necessary To-
expenditure in carrying out the au
thoritv and power herein granted, the
said receiver may issue receivers certi
ficates in a sum not to exceed twenty
five thousand o.000) dollars. which GER
tificates shall be first lien upon all tn,
property, rights and credits of sale
Kennebec Gas & Fuel Company.
Dated this twenty-first day of July
WARREN C. PHILBROOK.
Justice Supreme Judicial Court
Attest: c. W. JONES, Clerk.