Stockholders Make Charges Against the Board of Directors, ________
And Judge Clarke is Asked for An
Injunc- tion-The Case Will Come Up for a Hearing on May
30th. ________
There seems to be some danger of the bottling works
being bottled up. There is a fight between
the stockholders of the Atlanta Consolidated Bottling
company, which has culminated in the courts being
resorted to. This morning Messrs. W. H.
Beaumont, Albert Beaumont and Charles Brown filed a bill
asking for an order restraining certain of the directors
of the bottling company from issuing stock for the
purpose of defeating the will of the majority
stockholders. The petitioners state that the
capital stock of the company is $50,000, that $22,500
has been paid in and that they jointly own a majority of
all the stock. At a meeting of the
stockholders the following board of directors were
elected: D. W. Liddell, J. T. Hagan, H. G. Hansen, Lee
Hagan, W. H. Beaumont. The directors elected
the following officers: D. W. Liddell,
president and treasurer; Lee Hagan, secretary and
general manager. A few days ago the petitioners
demanded that a meeting of the stockholders be called to
investigate charges of misconduct and improper dealings
made against a majority of the stockholders and
officers. The president called a meeting for
the 23rd of April. The petitioners further
state that it was the intention of a majority of the
directors to meet before the stockholders met and issue
enough additional shares so as to out-vote and defraud
the petitioners, who were the majority stockholders.
The petition was for an order to restrain the directors
from issuing any such stock. Judge Marshall J. Clarke granted a temporary injunction, and set April 30th as a day to give the matter a final
hearing.
