The herald., 1894-01-27
WANTS A RECEIVER APPOINTED.
Suit Against the Bear Valley
Company.
Allegations Filed by the Massillon
Bridge Firm.
This is Only One of Many Suits
Pending Against the Big Irri-
cation Company Of
Redlands.

States circuit court yesterday by the
Massillon Bridge Company of Ohio, ask
ing that receiver be appointed for the
Bear Valley Irrigation company. The
matter will be decided in few days.
The bridge company recently obtained
judgment against the Bear Valley com
pany for $4,000 on promissory note, the
execution of which was returned unsat-
isfied,
Numerous suits have been instituted
against the company recently. In the
complaint filed yesterday it is alleged
! that the Bear Valley Irrigation COM
peny is indebted to divers persons in
amounts aggregating not to exceed
5000, 900; that the total assets and LA
bilities of the defendant company are
not definitely known, as the
books have not been kept in
proper form or accurately, and are in
complete; that the secured indebted
ness of the company amounts to not ex-
ceeding the sum Of $4,000; that ali
the real property of said corporation has
been heretofore by mortgage conveyed
to secure payment of an indebtedness
of $300,000; that the property mort
gagged and hypothecsted has an actual
value greatly in excess of the amount OF
indebtedness, and that all OF the
property is in imminent danger OF being
lost to the defendant, its creditors and
stock holders, unless a receiver be APP
pointed to take charge OF and preserve
the property.
The complaint rectes the fact that
persons have obtsined judgment for
the sums named against the Bear Valley
company, as follows: Grant Bros.
contractors, Los Angeles, $3l, 250; j. w,
Glass, $4,000. >
The following persons have begun suit
against the company for the sums here
given: Townsend & Ware, to foreclose a
mechanics lien for $l9S7 Pacific Roll
ing Mills company, to forclose me-
chanic's lien for $1735 So, and for the
further sum of $1,000 II, the latter
sum being assigned from the Baker
Iron works; Russ Lumber and Mill
company, to foreclose mechanics lien
for over $40, 900.
1t is averred that the defendant is in
debted to the California Sewer Pipe as
ISOLATION in the sum of $4,000 or more (;
that the defendant has been sued by
the First National bank of Los Angeles
for the recovery OF $4,000 on a promis
sorry note; that the taxes due ior the
year 1898, sggregating large sum, re-
main unpaid, and that the judgment
creditors of the defendant threaten to
levy execution upon the property in San
Bernardino county and sell it, to the
exclusion of the complainant and other
creditors.
The complaint alleges the non-fulfll-
ment OF contract to supply water to
the Alessandro Irrigation district, and
that the com psny is entirely unable to
procure money or credit with which to
carry on its business that there ia dis
seusion among the directors and stock
holders, and that the directors have for
the last 80 days taken no steps to raise
money for the use OF the corporation,
and that by their negligence in this and
other matters here rendered imminent,
the forfeiture of many OF the most val
liable rights, franchises and contracts of
the corporation.
A further allegation is to the effect
that the business of the defendant has
been go managed that statement of it's
affairs taken from the books of the de-
PENDANT corporation September 30, 1898,
shows that for the eight months preceding
that date and practically covering the
entire irrigating season OF the year 1898,
the gross receipts for water sold amount
ed to about 5000, and that the ex-
pense OF maintenance of the systems
and salaries for the eight months sggre-
gated more than $4,000, and that the
total gross income for that period was
s62, 1866 70, of which large proportion
was realized from interest collected on
the bonds of different irrigation dis
tricts held by the defendant and re-
ceived by it upon contracts for the de-
livery of water to the districts.