Imperial Valley press., 1910-12-24
RECEIVERS REPORT IN YEARS OPERATIONS Col. HOlabird Files Complete Account of Stewardship
 With Court
Financial Condition of California De- Veiopment Company Shows improve
 nent Under Business-Like Manage ment. Expenditure Necessary to ln-
 sure Future Adequate Water Supply.


 California Development Company, has presented to the Superior Court of Imperial county a detailed report of operation and management covering the period from the date of his ap- pointment, Dec. 13, 1909, to Nov 30, 1910.
 The report gives a concise history of the receivership and sets forth the relations of the c. D. Go. with the Mexican company and the mutual wa ter companies and the conditions found existing when the receiver took charge of the property of the c. D. Go. The receiver found that virtually all the stock of the Mexican company is owned by the c. D. Co. and that the Mexican company is in the hands of a receiver in Mexico under a judg- ment for about $1,O0O,000 obtained by the Southern Pacific in a Mexican court The revenues of the Mexican company are not paid to the receiver of the C. D. Go.
 \ Receiver Holabird reports that he has been authorized to issue certifi- cates for $336,051, of which he has sold $315000 to the Southern Pacific at par; that in the spring of 1910 he built a protective levee in Mexico to prevent overflow of the river into the Imperial valley at cost of $71,- 196; that he placed a weir dam in the Colorado below the intake and that shortage of water in the canal occurred while he was securing the reluctant permission of the War De- partment engineers to build the dam. and that all demands for water have been met since the dam was con- work must be done to put the system in shape to meet increased future de- mands for water, and that almost con- stant use of the dredge will be neces- sary to keep the channel and intake clear of silt.
 The report recites the history of the receivers effort to obtain funds for construction work, by increasing the water rate from 50 to so cents an cre-foot and the compromise with the mutual companies under the terms of which the rate remains unchanged and the companies furnish dredge for use in the Alamo channel.
 The receiver requests the court to | fix and allow fees to attorneys Me | Kinley and Ives for services rendered | and for which no payment has been | made and to make further allowance to the receiver, who has been paid | $3,O00 up to date. He also asks the l court to rule on controversy be- l tween the receiver and Water Com- | pany No. 1 concerning methods of | measurement of water delivered to | that company
 The report is very complete and | clear and shows business-like man. agement of the property and great re- duction in cost of operation of the sys- tenn under the receiver Hearing on approval of the report has been set | for January 6, 1911, at which time all parties interested may appear in court and present objections if they ihave any, At the same time the re- ceiyer will ask the court to author ize the expenditure of $35,OOO on work necessary to maintain adequate de- livery of water during the coming season This work includes the con struction of levees to retain water in the Alamo channel.
 The receiver has suits pending against companies and for col lection of water rentals alleged to be due No. 6 has paid only $500 to the receiver and claims an offset of $9,- 2S0.7O for construction work on its own distributing system under an agreement with the c. D. Co. made prior to the appointment of the re- ceiver No. also claims an offset under a similar agreement but has presented no bill and the amount is not stated. The attention of the court is called to the status of these acc counts