Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1921-12-26

- SAAN SN--~~-~-
corporated, have brought a civil action
through their attorneys, Searls, Russell
and Bradaord, against Louis Wolf and
Samuel Rosoff, stockholders and officers
of said corporatin, in which Irregular
ties on the part of the defendants are
alleged, in that they failed in several in |
stances to act according to the bylaws, |
of said corYtration whereby the corpor-
alton sustained a financial loss. Dam |
ages of $4,000 are asked at law, and in |
addition equitable relief Is asked for, |
the prayer being that an accounting be |
rendered, that Judgment be rendered
| for thu amount due upon such account
| ing and for losses sustained on acdsunt
| of misnanagern that receiver be
appointed to wind up the affairs of the
corporation, that the affairs Of the cor
poration be wound up and the d.rpora-
/ ton dissolved, and that sum be allow
/ ed the plaintiffs out of the assets Of the
corporation for counsel fees and ex-
| penses The writ is made returnabae
| before the Windham o.unty SUPERIOR
court the first Tuesday in January and
property of the defendants has been at
tached.
The complaint sets out the organiza-
ton Of the corporation, the election OF
LOUIS wolfe as pTesloeIN' Areauf fep1h
II as vice president and Samuel Rosoff as
I secretary and treasurer.
In paragraph it is alleged that Pepin
was local agent of the Stude1baker au-
tomobile and that the defendants were
stockholders in the Putnam Buick com
pany.
Paragraph 7 sets outst'se 1-ss of the
Buick agency by the P ptnani Buick
Company and that the defendants ap-
preached the plaintiffs With pro3esl.
ton that new corporation be formed
and that the Studebaker agency De
transferred by Pepin to the new cofpor-
alton.
In paragraph is set Firth that as
part of the consideration for Pepin turn
ing over the agency Louis Wolfe agreed
to loan the new corporation $4,000 for
one year without interest.
| In para graph it is alleged that The
, plaintiffs, relying upon said promise be-
came incorporates on the Putnam Mo-
tor Mart Inc, aad that Pepin relin-
! quished his agency. to the new company
Paragraph II sets forth that article 5
of the bylaws provides that 1.-THE Pres
ident IT trea surer Is authorized to en-
Alorse any note given or taken by au-
, thority of the directors"
In para graph II is an allegation CT
the first irregularity complained of set
| out that on or ABOUT January lSt, 1921,
. the defen6ants with ut tho knowiedi-e
. and consent Of the .'laintiffs, as. s4ec'-
holders purchased from the Putnam
Frtck Company its stock of nferchan-
; disc and cars fer ana on account OF the
! new eorrorai T-f snd paid the Putnam
| Ps.ick Co-raanv s1132e.s2 and issued
the note Of tho Putnam Moto~ Mart
Inc, for s2S.nfo making a total pur-
: cha Sc price of s3e.32e.s2
Psra~raph 10 alleges that s7id s4oc1,
4 | of merchandise. witt, the execution OF
: the cars and tons of cars. was unncer-
: chanta5le an4<onfit for sock in trase o.
i s-ad co--orstion a~d caused the cornor.
= atjor1 a loss of s1n0. 900
Paragraph IA d-ntadqs a complain.
= .e,qt defe1dpnts, withort the Inowled@e
q o. tie r,,a'ntiffs. Mold s4n M, said rot.
- oe sos nm ord ies,,aI +,vn ro4rs i, re
" nerrol for tho haIare Of s24 coo ono e.,
$4,000 in favor Of ire putnam 1,uicl
= 60 and +be ,r+he- for s1ooon in favo,
= of sa1raJ Rosoff nerscrsl1y
i Then in narqeran, * is srnga1 +,o-
tba de~erdants without +ba 1nocr.al+1,
Of tho rIaintiffs. raid Is ono on me s1a
i 600 note and issued new or ranewa
n ro44 Of So 600 in favor of TIE deeen1an
Wife.
paragraph is sets for-tt that later tn.
note of s9.0oo was na,d bv the defend.
v ants with f-nds of thn corpo-ati-n IN,
h without +he knovlels-e NJ the ,.fsi,+irre
IN ,araors,7g, ~ A. ie re,otad +go+ ~,