Inter-Mountain Republican | 1909-05-30 | Page 4 | Fraud Alleged in Stock Sale

FRAUD ALLEGED IN STOCK STO K SALE Suit Entered to Set Aside Contract Contract Con Con- tract tract- for Purchase of Stock in a Mexican Mine Which Involved a Tangled Sale Suit was entered Saturday In tn the tho Third District court by H H. R. R Kline against A A A. C. C Austin to set aside a I contract for tor the tho purchase of ot certain stocks which Kline says lIas ho be was led I to sign through representations which I he alleges were of a fraudulent nature Klines Kline's complaint sets seLs forth that ho he owned ownell shares of or the I company stock and sh shares in the lie Guerrero Lumber Mining amid d Milling I company Utah corporations which are aro doing business In Mexico an and that on November 7 7 1906 he ho bought shares of or company stock from Crom Austin for tor pc pc-ios lC In Mexican l mono money or giving four tour notes bearing Int Interest rest at eight per pel cent turning over his entire stoc kas security security rity on the tho notes the stock to bo held In the Mexico City Banking Banking- company compan Kline KlIno to pay the tho notes by reason rea rca son of ot claims and ned It Is alleged that a contract of ot a n compromise nature was mado made on April 14 14 1909 under the tho terms torms of which Kline was to pa pay 1000 I pesos getting credit of O pesos or on tho the noes nt at the bank I Interest being remitted It Is I alleged that Austin caused causell the tho co to be drawn In such a manner as to omit vital port portions ons and tim that Kline was Induced to sign It without being acquainted with tho the contents fraud being all alleged ged Kline says Aus Aug tin owes him with Interest from September 1903 on account of ot money paid out for tor the Utah Colonl-a- Colonl Uon tion association at his request request- for for- money loaned 9 and 1187 paid out b by request Kline asks Judgment for these amounts and also asks that Austin be ho restrained fro n disposing disposing of the stok sto sa saying ln t that at ho w will fil pay what whal u Is duo due and take this stock tock