OCR Text |
Show i 1 kjl .. . 1 , ) ' SAX FRANCISCO, n!i . I :i t:.e Fa-peri. Fa-peri. r court Monday suit , u-nc i aguinst Hiram Tyree and i..e .'.'eptern Api nty company ty the Uriern i' tuiI-tics tuiI-tics company. The suit contains alligations alliga-tions of mlsr of moneys co!!''Ctf1. It -is statwilu the compl:l:it that the Western Agency company was incorporated incorpor-ated under the laws of Arizona, with a capital stock of duly $10.0ix and that only $juO was rld In on the stock, this amount coming from Tyree himnelf. C, B. Bates subscribed for ttorne of the stock, and it-Is it-Is said that he did this for Tyree, Who at first wanted to conceal his connection with tbia company. He made F. M. Raift president of the Western Agency com-I com-I pany and had him' resign after he (Ralff) in that capacity signed the contract with the - Western Scuritles company which Tyree secured. ' ' t -: - The suit is brought to set aside this latter lat-ter contract and to take from Tyree the money he bus received under It. The complaint is slgnrd by George A. Ames, president of the Western Securities com- pany. By the contract the Agency company com-pany gives the Securities company 10 per -cent of its commlHslons on Continental Life Insurance, policies. - and the Securities Securi-ties company gives the proceeds-, of the sale of all of Its capital stock to the-Agency the-Agency company, ... ...... - V So far about 24.000 shares of stock'-have been sold, and Tyree - and his Western Agency, company have received overt $100,-000. $100,-000. it Is alleged, while the Securities company com-pany has received nothing. , , t |