Complex sentence: After the lots had been sold, the Cedarcroft Land Company was liquidated in the early 1920s, and its successor, the Cedarcroft Maintenance Corporation was chartered and the Cedarcroft Improvement Association formed.
Split into simpler sentences: After the lots had been sold, the Cedarcroft Land Company was liquidated in the early 1920s. The Cedarcroft Maintenance Corporation was chartered and the Cedarcroft Improvement Association formed.