Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1924-06-27

In the Circuit Court for Montgomery county,
Maryland, as a Court of Equity. No.
1888 Equity.
b The object of this suit is to procure
decree for the sale of certain property in
Montgomery county, in the State Of Mary
land. and being all in all manner of fran
chises of every kind and description, how
ever derived, and all and all manner of real
estate and interest therein, and the cars
and equipment, and all and all manner of
mixed and personal property used and
appropriated or designed to be used or
appropriated for operating and maintain
ing the railway and its appurtenances of
The Washington and Great Falls Railway
and Power Company. which was conveyed
by The Washington and Great Falls Rail-
way and Power Company to the Fidelity
Trust Company. Trustee, to secure bond
issue Of five hundred thousand dollars.
The bill states that on the eleventh day
of December. in the year nineteen hundred
and twelve, The Washington and Great
Falls Railway and Power Company exc
cuted and delivered to the Fidelity Trust
Company first mortgage or deed Of trust
WulCH lS uuly ECCOtuCu dIiIOklB klG Lulu
Records of said Montgomery county. in
the State Of Maryland, in Liber number
2S2, folio 3l4, etc.. certain real estate,
franchises, cars and equipment, mixed and
personal property used and appropriated
for operating and maintaining a railway
and all appurtenances, whatever nature or
description the same may be and particu-
larly described in said deed of trust, a
certified copy Of which is filed with the
bill of complaint. marked Exhibit num-
Der one"
That said deed of trust or mortgage was
made to secure the payment OF both prin-
cipal and interest as the same matured
of an authorized issue Of bonds OF the
mortRa9or company of the AGGREGATE par
value of five hundred thousand dollars,
consisting OF five hundred bonds of the
par value of one thousand dollars each,
all of said bonds bearing date on the
second day Of December. in the year nine
teen hundred and twelve. and maturing
on the first day of December, in the year
nineteen hundred and thirty-seven, and
bearing interest in the mean time at the
rate of five per centum per annum, payable
in equal semi-annual installments on the
first day of June and December In each
year, and all OF said bonds were negotiated
by said mortgagor company and all are
now outstanding In the hands of the holder
thereof.
That by the terms of said deed of trust or
mortgage the mortgagor company cove
nanted to pay the principal and interest of
said bonds as the same became due and
payable and to pay all taxes and assess
ments and insurance, etc., on said property,
an in nf AafaatIk Of
ment of any interest or any bonds issued
and secured by said deed of trust or mort
gage, and II such default shall have con-
tinued for a period of six months or default
shall be made in due observance or per-
Torrance of any other covenant or condi-
ton contained In said deed of trust or
mortgage, any such last mentioned default
shall have continued for a period of six
months after written notice thereof to the
mortgaeor company from the plaintiff or
from the holders of five per cent in amount
of the bonds secured, upon any such de-
fault the plaintiff may proceed to protect
and enforce his rights and the rights of
the bond holders under said deed OF trust
or mortgage by suits or suits in equity or |
law.
That the defendant, The Washington
and Great Falls Railway and Power Com
pany has made default In the payment of
interest on said bonds In that ii has failed
to pay the installment of said interest
the first day Of June, in the year
hundred and eighteen, and has
failed to pay every installment Of said |
interest maturing since said first day of |
June, in the year nineteen hundred and |
eighteen, and in the the payment of taxes |
And in permitting large portions Of said |
conveyed by said deed of trust or
mortgage to be sold for taxes and which had |
to be redeemed by said bond holders.
That the defendant, The Washington |
and Great Falls Railway and Power Conn
pany was unable to pay its operating
expenses from its receipts and In Feb |
ruary, in the year nineteen hundred and |
twenty. ceased to operate said railroad. |
And that the holders of twenty-five per
cent in amount Of the bonds secured by
said deed OF trust or mortgage have re-
quested in writing that the plaintiff take
steps to enforce their ghts.
That the defendant, The Washington
Utilities Company. for a valid considera-
lion to it paid agreed by said deed OF trust
Or mortgage to guarantee the lawful hold
Frs of said bonds the principal and interest
thereof.
That the defendant, The Washington
and Great Falls Railway and Power Com
pany, is a corporation, duly incorporated
under the laws of the State of Maryland,
and neither the president nor any directors,
officers or agents upon whom process may
be served reside in the State of Maryland,
and the defendant. The Washington UtiIi-
lies Company. is a corporation. duly incor-
n0rQfQd nndaF the Iaxuo Of thu CfaNa nf |
and is nonresident Of the State
Of Maryland.
II Is thereupon this 28th day of May,
A. d. 1924. by the Circuit Court for Mont
somery county, in Equity. ordered that the
plaintiff by causing copy Of this order to
be inserted In some newspaper published
N said Montgomery county, once in each
If four successive weeks before the 9th
lay Of July. A. D. 1924. give notice to the
defendant, The Washington and Great Falls
Railway and Power Company, corpora
lion. duly Incorporated under the laws Of
he State Of Maryland. and having neither
he president nor any directors, officers or
agents upon whom process may be served
IN the State Of Maryland. and to the de-
fendant, The Washington Utilities Com
pany. a corporation, duly incorporated IN
der the laws Of the State Of Virginia, and
Of the State Of Maryland. of
the object and substance Of this bill.
warning them to appear In this Court in
person, or by solicitor. on or before the 31st
day Of July. A. d. 1924. to show cause. II |
any they have. why a decree ought not |
to be passed as prayed
GLENN H. WORTHINGTON, Judge
Circuit Court for Montgomery county. |
True copy-Test:
PRESTON B. RAY,
Clerk