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Johnson Asked For Accounting

Johnson Asked For Accounting image
Parent Issue
Day
25
Month
July
Year
1902
Copyright
Public Domain
OCR Text

JOHNSON ASKED FOR ACCOUNTING

Required to Show How He Has Done His Work

PETITION FILED TUESDAY

Complainants Want to Know if He Has Endeavored to Sell Business and Pay the Debts

A petition for accounting was filed Tuesday morning by Attorney Frank E. Jones, representing the American Type Founders Company, Charles Helmuth and the Acme Electrotype Company, against the Ann Arbor Printing Co., of which Charles J. Johnson is the Receiver.

The petition, after setting forth that the defendant company is indebted to "divers and sundry persons," says that Johnson, the Receiver, has been in the possession of the property since March 12, 1902, that since that time no report of any character has ever been made by the said Receiver and no inventory of the property which he received." That it has not been shown by the said Receiver how much the receipts of the business have been or how much the expense of conducting and carrying on the same is or whether the same is being so carried on and conducted that there is any probability of ever paying the outstanding liabilities and indebtedness of the company.

It is then petitioned that the Receiver may make full report of his transactions to the court. That he show the extent of his present contracts and those outstanding, in brief that he make a full report of the affairs of the company and an inventory of the stock, machinery and other property now on hand.

It is ten asked "THAT SAID RECEIVER MAY SET FORTH FULLY WHAT, IF ANY, EFFORTS HE HAS MADE TO SELL THE SAID BUSINESS AND CLOSE ITS AFFAIRS AND PAY THE OUTSTANDING INDEBTEDNESS AGAINST THE DEFENDANT."

Shortly after the filing of the petition Judge Kin issued an order for Johnson to appear in court on July 28 to show cause why the petition should not be granted.