Clipping:The Athletic Club bankrupt
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Date | Saturday, November 15, 1890 |
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Text | A bill in equity was yesterday [11/13] filed in Common Pleas Court No. 3, by lawyer Joseph Baringer, on behalf of Joseph J. Snellenburg, Thomas A. Mink and Richard J. Lennon, against the Athletic Base Ball Club, asking that a receiver might be appointed for that corporation. The plaintiffs state that they are stockholders of the club, which is insolvent, judgments having been entered against it in the courts and executions issued upon them, the creditors threatening to sell the property of the club. The plaintiffs claim that if this should be done it would be at a great sacrifice, the sale being detrimental and injurious to both the creditors and the stockholders. They therefore asked the Court that an injunction be issued restraining the club from exercising their corporation rights, and also that the Court appoint a receiver to take charge of the property. Judge Finletter granted a preliminary injunction in the case. |
Source | Sporting Life |
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Submitted by | Richard Hershberger |
Origin | Initial Hershberger Clippings |
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