Show CHARGES MADE AGAINST fiRM Amended Complaint Filed Against Guaranty Mort Mort- Mortgage Mort- Mort Mortgage Mortgage gage Company Alleging ing mismanagement and gross Kross fraud John Flint DoId Day Do Id to Sto Stoker ker Char Charles Charle T B and aDd 11 TM I Layton WEd an amended om complaint plaint In the district court to- to today today to today day against the Guaranty Mortgage company a corporation and Cavil Carl C J H Andrews Andrewq J E rUnt J W Pidcock and J R Ik- Ik Ch Chins Ej ins the directorate asking for tor a receiver I IThe The courts a few lev fe weeks ago refused re- re re refused fused the request of certain stock stock- stockholders stock stock-I stockholders holders for the appointment ot of a rech er I Officers of the company contend that the busIness Is business la is sound Bound and that this thin Is by the 8 efforts to collect on notes for tor stock OCh In the company CHARGES RECITED According to the complaint Ras- Ras mussen and end Andrews Andrew control the company end and on April 20 1920 toted to buy from the thereal real estate business cond conducted by him and Andre Andrews Andreas s charging the Guaranty Mortgage compan company company- 83 33 83 OO and I common stock SloIn In the Guaranty Mortgage company of the th par value alue of 30 10 and preferred stock of the par alue of 3 BOO in payment a ment for tor the busi busi- business business neS ness The om complaint plaint alleges that they the alpo airo voted noted themselves salaries of each och per month that the monies came out of the treasury tre of the company compan and that the com com- company company pany is not conducting a 0 profit profit- profitable profitable com I abl able able- business Tile The complaint alleges that the corporation as well ell as I and Andre Andrews Andress 8 are guilty gUilt of ot gross fraud and dec deceptions In the con con- conduct conduct con conduct duct of the toc business that because of made by their s lesman John Flint bought stock of nf the par value alue of ot 10 f Foker oher bou bought ht stock stok of the par alue of T Bennett bought y stock of the par por value salue of ot and W N I La Layton Lav ton stock ot of the par talus alue of 1 I that the tales Sales Salesmen men n succeeded In disposing of stock tock of the par value of the company receiving upwards of and in promis promis- prom promissory promissory Is- Is IsSOr SOr sory notes and that since the com com- compan company company pan pany has hiS been engaged In defend defend- defending defending ing suits and Is la not engaged In a profitable e business T mT T ASKED The plaintiffs ask that the de- de defendants defendants de defendants be restrained from tram bring bring- bringIng bringing bringing ing suit to collect the notes on tock stock subscriptions that th t they the ap appear ap- ap appear appear pear In court and show cause shy shya h a 8 receiver should not be bo appointed that a a be appointed that All stock notes be cancelled and that the company and Its officers be made mado to account for all monies withdrawn 00 from the treasury I |