Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1921-10-03
Judge Bullock Has Ses-
sion of Court to
Hold
MORE WITNESSES HEARD
Interest Unabated In the
Outcome Of the
Petition

i OIaia, OcI' latter nearing n
number of witnesses this morning
offered by counsel for RECEIVER Cum.
mings, in his petition for permission
to issue certificates of indebtedness
with which to pay the taxes due the
state by the Ocklawaha Railway
company, Judge w. S. Bullock ad-
Journed the hearing until after he has
presided at term of court in an
other section of his district. He will
notify the petitioners when he is
ready to: resume.
y Assem- yesterday the court room
was crowded today during the hear
ing, practically all of the testimony
being along the same line that there
is possibility and probability that the
road will be paying proposition
from now on, will be able to redeem
the receivers certificates and to pay
all current operating expenses.
'"Hh JuuSS DuIlUCh Ddlu
In asking the receiver for the Ock |
lawaha to prove that the road could 4,
make money and pay off, not only the /
receivers certificates, but also its
current expenses, Judge Bullock said
according to the Ocala Star, "after
first commenting on the wide range
OF territory covered by the attorneys
when there was really only one thing
to be decided. Judge Bullock said
that the o. V. case had been in the
courts so often and so long it ap-
peared now to be of interest to the
whole state although it is a little
road that neither begins or ends. 1t
comes into Ocala, said the judge, on
the SAL. and goes into Palatka on 4
the A.C.L. 1t is certain, said the =,
Judge, that the receiver should have
paid the taxes as they were due. He
said he could see no excuse for that
not having been done. If the O,V,
mad no money, then the receiver I
should have called for certificates :
each year as the taxes came due. He {
,ould see no excuse for this not hav-
ng been done. 1t seemed to him that +
ne receiver must have been making =
lot Of sweet promises to the state, t
'illclaIs about profits that were sure Y
o come to the o. v, if it were lust v
;iven little more time, and now s
he state is tired of being put off and h
las seized the road. In spite of the f
act that promises have been made O
+ profits each year, the bond hold v
rs have. not received a cent Since a
9l5. Judge Bullock said the road Il
ould not be dismantled and sold ex- C.
ept by permission of the Interstate
commerce Commission, and that it h
Kelly would not sell to pay up GER di
hcates unless dismantled. He said h,
lrther that although the law will IL
OF allow the road to be dismantled vi
does not say that the road has to IF
'ntinue operations. Isl
Judge Bullock said that the re- u;
liver wants to sell receivers certi- lie
Gates to pay the taxes and the trus- bt
'e and bondholders do not want to
so. 1t seems that the bondhold- ii
s would rather let the state sell 81
lie road for taxes and lose it all now CT
ian to let it hang on and lose it bit at
bit. He said if he issued an or co
'r for certificates they would eth a
have to be made payable on de-
and, or at some certain date. If a
ey are made payable on demand w
I'd the owners want their money at w
ice, the road would have to be sold ia
pay them and it would be hard eli
sell it when it could not be. dis W,
antled. If the certificates were Jo
ade payable at some future date. he
Continued on Page 81 ns