Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-07
STATE OF MAINE

KENNEEEC. ss-Supreme '""'''"'
court in Equity .,.,,
E,rrd T. Lawrence, Banl Commissions
or VS.. Cascade Savings Bank
BILL IN EQUITY
TO Honorable Leslie C. Cornish. 1hiei
Justice Of the supreme Juu'e'"'
Court:
respectfully represents FREQ =. Law W
renee of Skowhegan. IN INC ,;,nl,
Comn,issioner OF said state. and COM
,iains against the Cascade SAVINGS
Ranl, n corporation duly existing I'm
der the laws of said state feiatlilE ~
savings banks @n go i"rS5eu and says:
FIRST. The plaintiff is the dutl APP
pointed and legally qualified Bank o"'i'-
missioner of the state or Maine, .,,a
second: The defendant =. amu SUI ~
Nav ! 1863, has been banking cor
,,nration engaged in the transaction
nf n savings bank business at oak,
land In the County OF kennebec IN saIn
Stale. and as such amenaole 10 ~. r
Laws of this state duly ena'leG ~
the regulation ana cohirol ~ o"NN
stitutions. , $1,000. .,o,;u,
Third: The plaintiff. upon eXamiila-
tim If said defendant corporation ~
required by law. is of the oplnlon, . ne.
IL is insolvent and that us cond'.iu n
10 such as to render it's further pro-
cecdinga hazardous to the pubic ana
Ia those having funds III its CUSTODY,
WHEREFORE the plaintiH -nfa!S.
/ That this court. upon pfeschta-
tion of this bill in equity. Will ISSUE q
temporary Injunction or restraining
ortler ia restrain said defendant nshk
in whole or in part from proceedlns
further with the transaction ol 's
business until hearing. can pc hau'
.. That after fun hearing ot 'ilr
CORPORATION said injunction may ne
made perpetual ar modlieu as Cii
stances may require. ,,,,
2. That said Cascade Savings BANK
NAV be decrecd to be insoltent ana us
condition decreed to be surh ,a az ~
Gus TO the public and to those having
funds in its custody.
4. That this court will appoint one
or more receivers or trustees 10 ,hhe
possession of its property ana cnecls.
subject to such rules and orders as
may be from time to time prescribed.
s, That this court will make ana
issue such further orders and DEGREES
I'm the premises as seem pfnper ''i
iioudating the affairs of said hank'
the distribution of its assets ana inc
protection of its depositorS.
G That the Court viii grant such
other and further roli"f in the prem
ises as the nature OF the case may re-
quire.
Court 10 grant the plaintiff its VIII,
Of injunction directed against IN" sara
Cascade savings Bank TO RESTRAIN u
and it's officers. servants fnd arent
from the further prosecution of us
business as O savings bank under the
laws Of this state. and also issue MS
writ of euhpoena to said deiendant
commanding 1t to oprear hrf0In ihls
court and answer tn TINS biil ~ com
ulaiut AT tLn February rules following
and abide The orders and DEGREES OF
pIllrt thereon.
'''' 80 FRED L. LAWRENCE.
Eanl, Commissioner Of the state OF
~ STATE OF MAINE 4
KESSEBEC. 50. January :. 1924.
Then personally appeared the above
named Fred I. Lawrence ana maae
cath that he has read the above btit
and knows the contents thereof and
that the same is true of his own knoNl-
edge
HERBERT w. TRAFTON.
Justice Of the Peace.
STATE OF MAINE
Supreme Judicial Court in Vacation.
Upon the fore going petition. 1t IS
hereby
ORDERED
That hearing be held at the Court
House in Augusta. in the County of
kennebec, on Thursday, January IL.
1874. at ten O'CLOCK III tHc~IorcHsoH.
and that notice thereof be given TO the
defendant Cascade Savings Bank by
giving In hand To it's clerk and Treas
urer true and attested copy of the
foregoing application and of this order
of Court thereon. at least seven days
prior to said nth day of January ard
that public notice thereof be given by
publication in the kennebec Journal.
newspaper printed and published at
Augusta. in the County Ut Kenncbec,
and in the Wateryille Sentinel a news
paper printed and published in Water
vile. in the County of Kennebec, said
publication in each Of said newspapers
TO be for three successive days, the last
day to lie at least seven days prior to
said January IL. 1894. that all per-
sons interested may then and there APP
pear and be heard relative to the alfc-
cations of said application. If they see
ct; and that until said hearing and fur
Their order of court. said Cascade Saw
ipgs Bank and its officers and agents
be wholly restrained from making fur
Their payments to it's depusitofs or
transacting any business.
Given under my hand ard the seal
OF said Court. this fifth day OF jan
uary. A. d. 1924.
LESLIE C. CORNISH,
Chief Justice. Supreme Judicial Court.
true copy Of petition and order OF
court thereon:
Attest: c. W. JONES.
3anId5t Clerk.