Show SEEK COMMISSION ON o STOCK ALES S-ALES JH Oueida irrigation Co P Puts ts Strict Interpretation on State Law SUES GEORGE GEORUE M. M CANNON District Under Revision in Idaho Carries Garries Fight Into Federal Federal Fed Fed- eral Court A suit for against George Georgo M. M Cannon president of oC the George M. M 1 Cannon company was filed in the tile federal federal fed fed- eral court yesterday by the Oneida Onelda Ir IrrIgation Irrigation Irrigation Ir- Ir district an Idaho corporation The rue complaint alleges that contrary conti to the tho Idaho statute under which the tho company was ors organized Mr Cannon entered into an agreement with George Georgo C. C Parkinson treasurer of the tue compan company com coin pany pan and Arthur W W. Hart lIart a director to sell the capital stock of the company company com corn pany an and to receive as a commission or rebate of 10 per cent of the sales This Tills agreement was carried out It is la alleged and tho the company is suing suing- for tor forthe forthe the commissions The sales sacs cover a period of or more than t two o years The Tho complaint is brought under the strict read reading Ins Ins' of the tho statute which sa says s that nono none of tho the capital stock shall be sold for tor less than Its face faco val val- ue uc Thou Though h the sales were made at atthe atthe the tho face faco value it Is claimed that the 10 per cent commission agreement violated via vio hated the law The of tile tho suit In ll the federal court I la Is an nn ou outgrowth ro th of th the tho fight that has stirred the tho whole district causing tho the resignations of Mr Parkinson Mr Hart and others and is still keeping the tile stockholders In a a. state of or foment nt Chosen cn by Directors tors George M. M Cannon wad wai asked about the matter last night and said that ho he hid had not before heard of the filing of the suit The directors of Oneida district made made a proposition to me me meIn In 1904 1 said Mr lr Cannon In substance and andI I accepted It ft I 1 agreed od to sell eil bonds for them and disposed of a largo large amount the exact amount of which I dont don't remember Tho The action of the directors will be shown In the records of their transactions I was was to re receive receive re- re 10 per por perCent cent ent for for s the bon bonds s. s The Tho directors cla claimed me they actIng act act- Ing within the Idaho law Jaw and nci my ray at attorney attorney ot- ot torney torner a advised mo me that It It was legal The directors were Adelbert Render Render- enderson ender ender- son St Stephen phen Callan and Arthur W. W Hart HarJ There were half a a million dellam dollars dollars dol del lars lam in bonds and I disposed of or most of them retaining m my 10 per ner cent commission I have haye held up my end nd of the contract I don dont don't t know what tho the district intends to do |