The Columbus dispatch. (Columbus, Miss.) 19??-1922, 1921-06-08
HON. A. L. STOVALL, OF OK
OLONA, APPOINTED RE-
CEIVER BY COURT
is NOW IN CHARGE
Road Will Continue to Operate.
Action of Receiyership Pre-
cipitated by Suit for Non :,
- ass~.gssfrzsSegl% -
Payment of Taxes.

Jackson, Miss, June 4.The Co
lumbus & Greenville Railroad has
been placed in the hands of a receiv-
err on the application of the company
itself. This action was had today at
Aberdeen before Judge Elwin Holmes
of the federal court on application OF
attorneys for the company, after
telephone conference with Gen. Rob
erson.
The attorney general had filed suit
at Winona in the chancery court for
the taxes due and delinquent for the
year 1920. His bill was filed in order
to bring all of the taxing districts in
volved into suit to preserve the M
tegrity of the railroad, prevent it be-
ing dismembered and rendered useless.
Under this procedure the road would
have been put up for sale for the
taxes due.
After the filing of the suit by Gen.
Robertson, he was asked by attorneys
for the company to confer with them
in regard to the reveivership. He had
himself declined to ask for a receiver
AS the matter now stands, the receiver
will at once take over the property of
the road and operate it. The court au-
thorized the receiver. Hon. A. I. Sto-
vail, to issue Immediately $2OO,OOO OF
receivers certificates for the pay
ment of taxes due and some other
emergency claims and demands. The
taxes are estimated to be something
less than $15O,OOO in all.
Attorney General Frank Robertson
gave out the following statement this
afternoon relative to the matter:
"My office was advised some days
ago that the Columbus & Greenville |
Railroad, formerly the Southern Rail
way in Mississippi, had defaulted in
the payment of its taxes for the year
1920. filed suit in the chancery
court of Montgomery County, seeking !
to collect all taxes due the state, va
rious counties, municipalities and tax /
ing districts and keep the railroad
running. 1t seemed manifest that a .
distress by the several tax collectors
on various parts of the property .
would necessarily result in the inter
ference with, if not total cessation of,
transportation facilities.
"The foreign creditors of the rail-
road filed suit in the federal court at
Aberdeen yesterday, asking for the
appointment of a receiver. Judge
Holmes has named Hon. A. I. Stovall
of Okolona as the receiver to operate
the property. We are gratified that
the people along this railroad will
continue to have railroad service
regard the selection of Mr.. Stovall by
the court as an excellent one and feel
confident that he will be able to oper-
ate the railroad successfully.
"The receiver has advised me that
ne mas dlltduy oUJdlilSh thS pSA'ii'''iN'i
of Judge Holpes to issue receivers
certificates and that he expects at a
very early date to pay the attorney
general all taxes due by the Columbus
and Greenville Railroad.
81 will take the matter up with the
various tax collectors, so that I may
have in hand the exact amounts due
in the various counties, municipali-
ties and taxing districts.
"Under the order of the federal
court all suits now pending in the
state courts are enjoined until the
receiver shall have time to familiarize
himself with the situation"