Suit Against Latonia Jockey Club, Daily Racing Form, 1919-03-01


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SUIT AGAINST LAT0NIA JOCKEY CLUB CINCINNATI. O., February 28. A suit, in which naming of a receiver for the La Ionia race track is sought, was filed by Mary Walz, executrix of t he state of Conrad Walz, and others, against the l.-Hoiiia Agricultural and Stock Association, C. A. Tilles, S. W. Adler, Johnson M. Camden, Thomas A. Combs and others. Petitioners aver that officers and directors of the Latonla Agricultural and Stock Association have misappropriated its funds by paying excessive salaries, commissions, "so-called dividends," and by other means; that no dividend was declared from 1012 to MILS, and that the minor stockholders had been paid less than 1919.sh7.50 per share. Complainants request that the receiver be placed in charge of all assets and property of every kind belonging to the Latoniu Agricultural and Stock Association, and that a complete accounting of receipts and disbursements be distributed among its creditors, including the stockholders. Petitioners further desire that the interests of the defendant directors aud others, who, it is alleged, have damaged the property and profited from the alleged mismanagement of its affairs be subjected to payment of the amount they have damaged said corporation through their alleged misappropriation of its funds. Petitioners desire that if the receiver cannot be named at once that the defendants, Johnson N. Camden and Thomas A. Combs, be restrained from paying to the defendant corporation any amount which represents the purchase price of a proposed ale of the defendant association property, and that the defendant association be enjoined from receiving said purchase money until further orders of court. Petitioners are represented by Attorneys William A. Price and S. D. House.

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Local Identifier: drf1919030101_1_3
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