The Coolidge examiner., 1943-11-12
NUMBER
Receivership Asked For Casa
Grande Valley Farms Here
msmanag cement and poor farming methods charg
in 1o-page complain filed Tuesday by Attorr
Charles Reed behalf of Is stockholders.
Scathing indictment of the

Scathing indictment of the /
eral Security administration,
employees, supervisors and M
DDS of doing business is contai
in a 10-page complaint request
receivership of Casa Grande
ley Farms, filed this week in
superior court of Pinal county
Attorney Charles n. Reed in
half of 25 stockholders of the s
ernment's $500 acre commul
farming project between Flore
and Coolidge.
Defendants in the action
listed as Casa Grande Val
Farms. Inc, Ernie Bias. H..
Edge, Leo M. Foults and s..
Wright. members of the board
directors. while plaintiffs are
cd as j. F. Aldridge. w. A. An
M. F. Cable, S. C. Campbell. j
Cooper, L. H. Cooper, Nd
Cross, N. d. Frederick, Sam
Gay, M. r. Hadaway, Sy Harm
Carl Harter. Woodrow Hens
Lloyd Kilman. George McCollI
|. H. Mcknight, H. o. Moore. J,
Potter, j. r. SITES, Alex ,Skelt
Roy Spears, Charles Thomas, M!
Ufford, Floyd Webb and Asa \
kerson.
Thirteen Instances Cited
The complaint cites 13 spec
instances of mismanagement
being typical" declaring, Isl
mismanagement and costly
extravagant practices are inher
In the setup by which the assoI
tion is encumbered with the VI
Ing of control and supervision
It's affairs in the Farm SecuI
administration"
In asking that a receiver he
pointed, the complaint reque
the receiver "be authorized
directed to convert the prope
and assets of the association 4
money; that the creditors of
association be paid and it's lia1
ties liquidated; that the surplus
the funds belonging to the ass
alton be distributed to the mi
bers of the association in accd
ance with their respective rig
and interests; that the affairs
the association be wound up
the association be dissolved
its corporate existence be tel
mated, and for such other and
ther relief as may be just
equitable in the premises"
Improper farming practices
stitute the majority of the 13
stances of mismanagement lis
in the complaint. 1t is stated
land has been improperly ploy
and irrigated, that crops such
alfalfa and maize have been all
ed to go unharvested, resulting
considerable loss, and that beca
of improper farming praeki,
wheat and barley crops this spl
were failures. Harvesting of or
such as maize, has cost more t
it should, the complaint decla
and machinery belonging to the
sociation has been inadequa
cared for.
Dairy Operations Show Loss
Considerable space is given
the matter of improper main
ance of a dairy herd at the prof
It is claimed that in 1899, 90 b
Of high priced cattle were
chased with association funds
time when there was no maj
for milk, with the result that
milk had to be fed to the h1
Old, inferior stock was purchs
at prices above the average
dairy operations have shown
net loss of about $4,000, accord
to two instances cited. Unne
sary expense has been incurred
is charged, by the associaI
keeping beef cattle in the feed
longer than they should be Ike
The complaint declares that
association would already be
solvent except for the fact
prevailing market prices have
en-, causing the value of livest
farm products and equipment
increase in value. Total asset
the corporation may be liquid
as a result of this rise in pr
for about 100000 above the or
ization's liabilities, the compl
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