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POSTPONE HEARING ON RECEIVERSHIP; SET NEXT SATURDAYState Law Change May Enable Track At Fairfield To OpenHearing on a suit demanding appointment of a receiver to conserve the assets of the Fairfieiri Amusement Park, Ltd., a partnership organization capitalized at $75,000, which in 1929 built a dog racing plant at Fairfield only to have it raided and closed to betting the night it opened, was postponed Sat-urday morning by Common Pleas Pudge ft. L. Gowdy.The continuance, until 10 a. m. next Saturday was granted at the request of attorneys representing some of the thirty-five stockholders named defendants in the action.The receivership suit was brought by Daniel M Regan, Fairfield, secretary treasurer of the concern, who also seeks an accounting for the benefit of all stockholders. He asserted the purpose for which the organization was formed his virtually been abandoned that claims against the park's property, including several thousands of dollars in taxes and a $10,000 mortgage, are unpaid The plant has been idle since 1929.Since the suit for a receiver was filed, an amended dog racing bill has been passed by the state senate, giving rise to a possibility the Fait field track might ultimately b*» j reopened if betting on greyhound i racing is legalized in Ohio.Attorney H. I. Smith, Xenia, ai member of plaintiff's counsel in the receivership suit, disclosed Saturday that if a receiver is appointed, the stockholders may eventually realize something on their original | investment.Providing the track could be en larged from a quarter to a half- i mile oval, there are prospects It could be leased for running horse races or automobile dirt racing, he said.VV. P. Reeder, Dayton business man, one of the principal stockholders, is being prominently mentioned for the apjKdntment as receiver if one is named.if excl withdn sun b* past im Lincoli I i. .' special ment. petitioi to the that a - sands bathers turns i plained to prev Presi of the | heard inriirtiT m a lit
Newspaper Details
Xenia Evening Gazette
Xenia, Ohio, US
Sat, Jun 10, 1933
Page 3
Full Page
Clipped by
Greene C.
OH, USA 19 Aug 2023
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