Imperial Valley press., 1915-10-11
Supreme Court Decision
Favorable to the Farmers

The supreme court Saturday haude,
down the decision iu IN. appeal fron
the Bordwcu ruling ma Has long bee
awaited.
Judge Bordwel had decided that il
the claims of the bondhoIdcrs. th
New Liverpool salt Works iudemeo
ana the claims of The Southern Pa
cific Company. the bonds should hav
priority and The Salt Works take sec
ond place, leaving the Southern Pa
ciric as third claimant against AIN Tin
propcrv of the California Develop
mcnt Company in both tbe Unite,
States and MeNfco.
The Supreme Court doe aot ,hane,
the order of the obligations OF Tin,
California Development Company. bu
holds that The lien of the salt Work
does mol rest ON the McNleau property
only ON ,hat property in the Unite,
States.
The court holds that the property il
the > countries cannot be alicaatcd. bu
orders a separate appraIsememt of eal
ucs the whole property 10 go To salc a.
one piece.
When The sale is made the money re-
ociFed for tho whole properf. wiz u,
'rportjooed by frst payfna 10 the bon.
holders the entire umouHi duo: ueN
Will come the salt Works. drlWinl
from ihe FUND i'm proportion of III,
American property to the whole prop
'riS aud the Southern Pacific vii
take 1he residue.
To take arbitrary Geures ae an II
iusuaaou. If tic Nc>i,ln property j.
appraised az SlI5o.9oo and the Amcrf
can property Al 225o.oe0. drau,fin.
sGoo.uao Tor bonds would leave ST. loo.
COO. Of which fbe Salt Work. wouI,
receive an cighth. oar sl5a75o rur IL
claim Of about S70o.ooo
A. matter of Fact Tho America
property is bus Il -m.u factor ir r.lu.
There is mo- doubt that ou hi. basis
the Sau Works would receive .ee4
dollar tha company f. entitled to. aut
th" irisation district viii Doe -aFa
about taao.ooo from thr faee of tr,. IL.
m1rds as they have appparI
.ha litigation in qucetwa has oce1
conducted beiN#an 1890 @o83aDu =
Salt Company. White the benefit al
the decision VIII accrue IL tbo 1lm
crs OF the valley. the Irrigation di.
uirl has had mo- fart m fho 'uiaa.
iiou
10 was proposed by Attorney Cees
lug some months since ihai tine d.s
uriet should open mp a ae@ course 81
litigation for condemnation That va.
50 strenuou-lv oppp-,d bN thc Pres
and later by Lieutenant Governor EsH
l0man. that the plan WAS moi parr9
ont. aud the district Wa saved from
aupelrins i'm an emhurassius poelsa4
just nov.
10 j. estimated that n dava viii b,
required to consnmmatc the sale O.
the property and secure eonfrmaite3
by the Supreme Court if no lesa
cutauglemcuts result. aud thc propers
should come TO the farmers as a Christ
mas present this year.
Los Angeles. Oct lin decision
of vast Importance TO Southern Cllt
fornia and more particularly t. Inn
perial VALLEY. the State supreme CouI
has cleared the way for the sale which
was ordered under the hammer of IN,
California Development Company.
Involved aud arduou, litigation of f
years duration is terminated by IN,
court With the decree lbaf. from The
sale of the company's property th,
three major creditors shall be pato
from the proceeds as follows:
l. The bondhoIders shall receive III.
fun amount due them about s75o.0oo
before any other claims are satisfied
the bonds being recognized as prioi
lien on the entire canal system an1
.ands. both i'm California and E-..s4
. The New Liverpool Sail Company
whose claim approNimates 100000, vii
be the second creditor to be paid, buI
from the proceeds of the holdings with
i'm The state of California only. Tht
company is found not 10 have any
claim against the property i'm MeXieo
9. The Southern Pacific Company
with claim Of about S2.ooo.00o, has
an interest i'm the proceeds from thu
Mexican property after the bondhold.
crs lien has been satisfied, and from
the sale of the California property aft
er the bondhoIders and salt company
have received their shares.
The order Of sale issued by the Su
prcme Court will be cNecuted il wa.
stated by Colonel w. II uolabird, re
ceiver of the California Development
Company. about December L. The en-
tire property mus, be sold as AN en-.
tity
After the sale a court proceeding
viii be required To adjust the relation
between the Mexican and the Califar
mia property values so thai ii may b,
determined how the southern pacifn
and salt companies win fare.
Adding the claims specified above
also n matter of about St5o.0oo ON ae
count Of thc reeeiFership. and the to
tai claim. against the company arc
ST.. .Go0.0o From this should be deduct
nMEH