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Show SUIT IS STARTED BY STOCKHOLDERS COUNCIL mm la, July 14 Salt waa started here today on behalf of 2S00 stockholders stock-holders In th National Masonic Accident association, as-sociation, which formerly had head f)U art em at De Homes, to set aside aa fraudulent the sale and transfer of the assets of the association last February to the North American Accident Insurance company of Chicago. The action is brought in the name of L. W. Nichols of Chicago, former president of the National Masonic association, and several local stockholders. stock-holders. The defendants are Alfred W legate, H. C. Alverson -snd other large stockholders, who were also officers of the association, together with Stat Auditor B. V. Cornell aad Attorney-General C. W. Mullsn of Iowa, and the North American company, -ft is asserted In the petition that the defendant de-fendant officers of the Masonic association turned over S30.000 of cash and securities to the Chicago company without notice to the stockholders In general, who are scattered over Iowa, Illinois. Nebraska and Minnesota- The State Auditor is declared to have allowed the reserve fund OA denofttt with himself to be withdrawn and turned over at the same time. The petition prays that the assets be ordered turned back and a receiver named for the National Mssenlc association. |