q ‹,z
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•
September 12, 1944
REAL ESTATE SALES, BOOi VALUE OVER $15.000
TERMS: Minimum 25% cash, balance sficured by trust deed for term not over 40 years and interest at not less than 4%.
State and R. E.
County No. Acres
COLORADO
Prowers 85 pt. 1,675 $ 13.44 $ 2 500
Sale Price Per A. Total
A large inferior unimprovea tract of pasture lana located from adjoining to 4 miles east of Holly on a gravel roaa in an
average community. About 135 acres could be cultivated and irrigated with Buffalo water but the remainder is best suitea for pasture
because of inferior arainage, high water table and occasional overflow from the Arkansas River which borders it on the South and accounts for about 90 acres of this being classea as waste. This tract was leased in 1945 for $1,444.
Offer is made by a Texas merchant and ranchman whose original offer was $12.50 per acre without any oil and mineral reservation. Offer provides for 25% cash and strong principal payments with no commission and the Company is reseiving 1/8 of the oil and mineral royalty. If offer is accepted, the Company will retain about 112 acres across the road west on which the Ranch House and other buildings are located.
f
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(i'`ktazi_o_1244-July 25, 1944
ARKANSAS VALLEY &GAR BEET AND IRRIGATED LAND MAPAVY
Report of Authorizations Grunted under Resolution No. B1-44 from April 11: to July 15, 1944 Paragraph 2
A. Taxes
1. ?rowers County No. 2 - 1943 Taxes-$281.61
2. Lots 28 and 29, Bl. 2, Original Townsite Holly - 1913 Taxes Zz.20 3. Prowers Caunty No. 1 - Tax Title-tMO
4. Second half of Provers County Real Estat Tax - t 467.12 B. Assessments
1. First Half Laity Canal Assessment - (4'5 7.71 2. Lateral Assessments: Crowley $174.0) Chenowith 18.15 Swede 89.47 Holly 713.65 Catholic 52.00 Biles 54.00 Jones 92.40
3. Prowers County No. 1 - Water Asse6Gment- 268.90 C. Purchase of Equip2aut and Water...ale
1. Transfer of electrical equipment from tL3 Cedar Ealdds, Iowa i,ranch Office at value of $K.64
2. Transfer of miscellaneous hardwara from Clite Cedar Eapids, Iowc Branch Office at value of $260.41
3. Transfer of one soil anger and one Bostrom Farm Le%el at value of $25.00
D. Repairs
Real Estate No. Lmount Promers County 7 0 333.72 19 876.08 21 715.70 54 717.55 916.24 56 57 187.50 59
na.lo
60 424.08 61 400.& 74 2G9.52 678.54 77Repairs (Zontinued) ReaL5stete No. An.q2Pt $ 50.00 Prowert Count7 82 84 605.65 504.53 85 86 625.10 525.45 87 83 440.44 69 607.54 90 577.01 91 405.52 598.53 93 94 595.75 726.90 96 97 .470.19 98 874.42 1,117.82 99 100 92.51 89.65 101 102 68.22 117.74 105 598.55 104 105 1,146.00 106 652.57 107 512.55 108 1,690.57 408.95 112 115 894.25 114 254.51 699.49 115 118 425.47 558.88 119 575.20 121 452.17 125 294.86 541.02 125 790.00 126 127 532.90 Bent County 1 511.77 115.92 2 423.48 4 506.87 5 6 500.07 718.99 7 119.55 8 9 426.79 1,091.98 10 11 879.11 5 487.61 $51,772.54 Total
ofc't
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•
Parasrayk_
R. E.
'Io. Acres B. Sale of Real Estate
State aad County_ COLORADO 1, Prowers 2 310 2. Prowers 4 192 5. Prowers 5 & 14 127 4. Prowers 6 56 5. Prowers 7 40 6. Prowers 13 80 7. Prowers 16 80 8. Prowers 18 58 9. Prowers 22 40 10. Prowers 23 80 11. Prayers 24 139 12. Prowers 25 341 15. Prowers 28 & 55 156 14. Prowers 29 77 15. Prowers 51 80 16. Pi.owers 53 Pt. 280 17. Prowers i',7 56 18. Prowers 70 a 95 270 19. Prowers 75 40 20. Provers 80 1 21. Prowers 95 Pt. 178 22. Prowers 99 921 23, Prowers 112 Pt. 40 24, Prowers 115 Pt. 160
25, Kiowa 1 & 2 & 800
Prowers 5
26. Kiowa 3 105
4,565
Year to Date 29 10,010
____ Sale Priper li ___-__M___-_,_ Tote..., $ 29.02 $ 9,000 5.24 1,000 5.15 650 50.00 1,800 75.00 3,000 31.25 2,500 35.75 20700 20.34 1,200 -7,50 500 70.00 5,600 5,00 695 8.80 5,000 48.08 7,500 5.25 400 56.25 4,500 10.72 5,000
mu
600 14.46 5,900 55.00 2,200 324.07 550 50.90 5,500 10,66 8,750 74,76 5,000 2.50 400 4,00 5,200 _8,50 893 $ 9,15 t75-,658 $10,40 $1041,157kuthoriV aal granted to gurchase $1,00C, 7/8ths per cent Treasury Certificate during ths Fifth lUt Loan Drive
el4
ARKANSAS VA,,LEY SUGAR BUT AND IRRIGATED LAND COMPANYgthecs
- AklexpiRed insurance
rr
elance Due on Lend Cuntracts and TrustARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND CO. BALANCE SHEET AT JUNE 30, 1944
Current:
. Cesh in Benks end on Hand 40,136.69 U.S.. Treasury Certificetes of Indebtedness 3,000.00 Accounts Receivable:
Assets
1:eter
Keesee 7.eter & Land Co.... 2,778.26
Other 000000 000.0..0 0000 00 opp00000po 769.03
upo08.23
Unsold Crops end iAscelleneous 1 404.90
T(Dtal Current 519148982
PreMiUMS 000000 ocuoao...*Aon.“0“.•00000000
Lend end Buildings, December 31,
.Less: Land Seles for six Lonths ended
265,02 Deeds (including
accrued interest)... 25,200„71
- June j0, 1944,.4**4*00p0oGoo00.00ope 19.150.00
.-tools end Equiprent„ o 000000000 ..—...•ooceasoot0000000en.0"0 Totel ASSetSowee00 ... uoacao.owilnau.:.
802,559,36 4_,538962 883,712,51 ''DefiCitoaoo.ou•000000ao ow ep eo•m0000oacoOpoeeo•oom000•0000essil 211,230044 , TOTA..•opeow•oup000 00 •..C.000 aeoopo0•. 000000000000000000000 09 4 . 9 4 2 . 9 7 Other:
Deposits on Lend Contracts o 0000 00•004200.0000000Oopeo40000000
First Mortgege Bonds Outstending 4i2,4590000.00
Less: Pe;ment on account." 224,982.00 2,234,018000
-,$.610.211,56 5,844,229.5( Add: Accrued Interest on Bonds....
Current:
Federal & State Taxes Witheld...00 Accrued Real Estete Taxes. 000000
Due E. L. A. S. - 1943 Expenses...0 Advences by the Equitable Life Assurance
Society of the U. S
374.51
16,68°024
3,157.35
217,841031 Tote' Current 2g,053041 7,660000Deferred Certificates of Interest. 0000000000o000ocrogoopoo400 1,000,000.0C
Capital Stock, 000000000000000
000000000 00
TOTAL. 0 OOOOOOOOOO
),000000
4
.4_4‘.14.4Z 1:w g €,Z 5ZTHE ARKANSAS VALLEY SUGAR BEET DATED ATH01 lyt Colorado; June 2, 1944 AND IRRIGATED LAND COMPANY
FOR Mr. F. D. Hall, President
New York, New York
SUBJECT Mr. Ford, Otfice Manager
After visiting with Mr. Wilson for the past two days I find it very imrortant to get him &me additional help. We have carefully surveyed all available prospects and believe that Mr. William Ford would be most valuable in this office.
Mr. Ford is now living in California end we have had some difficulty in trac;ng his education and experience. From local sources I find that Mr. Ford is 54 years of age. He was born at Monument, Colorado, and hes lived most of hisadult life in this general vicinity. After graduating from high school Mr. Ford obtained two years at Colorado University of Denver, studying real estate law. He '-roke off his law training to open a brokerage and real estate business in Denver.
This business prospered for many years. I have been unable to find what Ford did for several intervenini years. but about 1937 when Mr. Wilson first came to know him well he was employed by Prowers County. In this position he had charge of all the license and recording work for the Motor Vehinle Department of Colorado State. He held this position from 137 to 1 43. In 1943 he accepted a position with the Denver Alfalfa Milling and Products Company in Lamar. In this position he had charge of the track and transportation work as N9.1 as 0.P.A. problems. About the time Mr. Ford took his nex job with the Denver Alfalfa Milling and Products Company he had an un-fortunate marriage which resulted in sore excessive drinking. He is now divorced and temporarily living in California.
Mr. tiiilson knows him to be a man of good personality and much ability. He would be especially useful in this office helping and supervising in the preparation of Offers to Purchase, deeds, trust deeds, notes awl other related papers. Mr. Ford
knows many of the tenants in the community and will be in a position to handle much of the leasing work. Mr. Wilson has been so busy making sales that he has found no time to write 1944 leases. This work should be given inmediate attention. Mr. Wilson also feels that he is qualified to assist in the records and bookkeeping work- for the Company. Because of Mr. Wilson's long association with Mr. Ford in his capacity as County Commissioner he feels that Mr. Ford hes the proper character and stribility to make good on this position. At any rate he is willing to give hilt, a chance with the definite understanding that excessive drinking will not be tolerated.
As you know we have given some consideration to using a Mr. Young from South Dakota in this position with a view to using him on loan work elsewhere in
Colorado. Mr. Young has objected to moving to Holly ana seems rather indifferent about our proposition, furthermore Mr. tilson is making such good progress in the sale of real estate that it now looks as though the job would hardly justify Mr. Young making the change. I would recommend that Mr. Ford be used as Office Manager for the Arkansas Valley Sugar Beet and Irrigated Land Company starting at an initiel salary of N,200.00 per annum. Te will prdbably have to increase this salary after a short probationary period. Since suitable men are very scarce and there is danger of Mr. Ford taking another position I would su est th.t ou wire Mr Wilson if you concur in my recommendation on s appointment.
/// eztfrea2 Vice-Presiderh
April 18, 1944 ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMP4PY
Report of Authorizations Granted under Resolution No. B1-44 from March 16 to April
15, 1944
Paragraph 2A. Purchase of Equipment and Materials
1. Transfer of land leveler from the Kansas City, Missouri Branch Office at value of $225.
B. Repairs
Real Estate No. Amount Prowers County 46 $ 576.58 44 681.72 47 473.54 50 299.50 51 420.24 52 723.82 55 507.08 83
177q,kl
Total $ 5259.15 raragraph 4A. Sale of Real Estate
State and R. E. Sale Price
Countv No. Acres Total
COLORADO 1. Provers 20
64
1111 $ 4.05 $ 4,500 Cont. 5993 2. Prowers 48 615 6.50 4,000 B. Listing of Real EstateAll properties having Book Value of $15,000 or less have been listed at the Present Market Value.
Paraltraph
A. Easements, Permits, etc.
Acres
1111
1. Various Parcels of $925.20 Board of CountyConstruc-Vendee
ExplAnation
DescriRtion Convez21 Considerationland in Prowers Co. 51.76 Commissioners tion of
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Prowe rs Co .
Highway
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Aprt_l_ 18, i44
•
TERMS: Minimum 25% cash, balance secured by trust deed for termREAL ESTATE SALES. BOOK VALUE OVER $15.000 not over 40 years and interest at not less than 4%.P State and R. E. No. Acres COLORADO Prowers 65 & 5717 111 Sale Price Per A. Total $ 5.58 $ 20,000
A large inferior, irregularly-shaped, unimproved farm in two tracts lomted 7 and 10 miles N.E. of Lamar on gravel and dirt roads in average-inferior community. The land is average-good but all except 50 A. ai-e dry pasture land and most of it lies above the Amity Canal. There are 50 shares of Amity water on a tract which is separated from most of this land by Big Sandy Creek and the Amity Canal, The pasture is rented for 7O per acre which only covers taxes.
We have had the benefit of competitive bidding and have obtained a good price with a third cash and no commission. This prospect's original offer was $3,50 per acre for the pasture land and $40 per acre for the 50 A_ of irrigated land and covered only 2405 A_ This offer covers all of the pasture land owned by the Company in this immediate locality.
er ARKANSAS VALLEY SUGAR BEET AND IRRIGA'''ED
LANr
cOMFANYApril 18, 1944
REAL ESTATE LISTINGS, BOOK VALUE OVER $15.000
TERMS: Minimum 25% cash, balance secured by trust deed for term not over 40 years and interest at not less than 4%.
Authorization to be effective for a period of one year.
State and R. E.
County No. Acres Per A. Total
COLORADO
Prowers 57 255 $ 75 $ 19,000
A good farm located 1 5/4 miles N.W. of Holly on a gravel road in an average community. The land is average-good and there are 210 shares of Buffalo water. Buildings are barely adequate and are in average condition. This is a productive farm located near the Buffalo Canal.
Minimum Price Prowers Prowers Prowers ?rowers 59 172 100 17,200
A very good farm located miles N.W. of Holly on a gravel road in an average community. The land is good-excellent and there are 91 shares of Amity water and 75 shares of Buffalo water. The buildings are adequate and in average condition. The dwelling is above average. The farm has been well operated and bears a good reputation.
72 1486 20 50,000
An average-inferior unimproved pasture tract located 1 1/4 miles S.W. of Holly on a dirt lane and S. of the Santa Fe Railroad in an average-inferior community. The lana is average-average-inferior; the above price is based on 240 A. being put into cultivation and 240 shares of Buffalo water. The remainaer is good phsture and 140 A. are in native hay.
It may be desirable to sell the W. 489.2 A. separately with 140 shares of water; a list price of $12,000 is recommenaed on this tract.
85 1785 19 54,000
An inferior farm located adjoining Holly on S.E. in an average community. The land is inferior and now in pasture. The above price is based on repairing the buildings and terkes and putting 140 A. into cultivation with 140 shares of Buffalo water. Almost a third of this land is in the Holly Drainage District and there is an unpaid special assessment of $5180. The above price is on a debt free basis. The Ranch House is located on this land together with other adequate buildings. It is a good livestock unit
with good pasture, adequate water and located adjacent Holly and stockyards.
98 640 50 19,000
An average farm located 2 3/4 miles N.E. of Holly on a dirt road in an average community. The land is average-good but 60A. are wet and alkali and there are 5A. of bindweed. There lare 220 shares of Amity water. Build-ings are excessive and in inferior condition, needed building repairs are estimated at $925.
ARKANSAS VALLEY SUGAR BEE'T AND IRRIGATED LAND COMPANY
le(1
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April 180 1944
REAL ESTATE LISTINGS, BOOK VALUE OVER $15,000
TERMS: Minimum 25% cash, balance secured by trust deed for term not over 40 years and interest at not less than 4%.
Authorization to be effective for a period of one year.
State and R. E. Minimum Price
No. Acres Per A. Total
COLORADO
Prowers 112 441 $ 46 $ 20,500
An average-inferior farm located mile W. of Holly in an average community. The land is average-inferior and 95A. are wet and alkali. Farm is in Holly Drainage District and unpaid special assessment is $2549. The above price is on a debt free basis. There are 200 shares of Buffalo water. Buildings are barely adequate and need repairs estimated at $400,
Because of its layout, it may be desirable to sell two tracts separately and list prices are recommended on these as follows:
46.2A. in NWk of 15 47 shares water 5,200 40.15 A. in NWi of 9 41 shares water 3,000
47(4 ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY 4
•
THE ARKANSAS VALLEY SUGAR BEET DATED AT AND IRRIGATED LAND COMPANY
FOR
Dr. 1Y. A. Baumert, Secretary SUBJECT
dq/ ci
December 28th, 1944 1944 Land Selling Operations for the Arkansas Valley Sugar Beet & Irrigated Land Company
This memorandum is to confirm the information which I verbally presented to the Executive Committee of the Arkansas Valley Sugar Beet and Irrigated Land Company at their meeting on December 26th.
In the first 11 months offers were accepted on 14,288 acres of land. This land was mostly dry land without water and in the main was the poorest owned by the Company. There is very little dry land left. The Recovery Value on the acreage sold as estimated by Mr. McLean was $161,582, the Sale Price was 0.77,098,for a profit of $15,516.
or'
Sold - Closed 12 Months Approved Salee - 13 Moeo (Less Closed Sales)
Available for Sale Holdings at 43-12-31
EXHIBIT B
1944 LAND SELLING OPERATION3 FOR PERIOD SHOWN -1171.cludi-ng-Tanuary 19'15
No” of Units Noo of Acres Book Value Recovery Value Recovery VelueGain or Loss on 36 130940055 $166,362.70 (A) $152,081,55 $14,281.15 **
9 965.66 27,235000 (A) 25,620.45 1,714.55 **
94 18 590.13 628 111.66 636,379.29
139 * 33,496.34 $821,709.36 $813,981.29
* This figure has been increased by splits and combinations in properties° (A) Selling Price
0* Before t4,693.90 selling expense reported to date.
1944 Cash Summary to December 31, 1944 - Field Office
44-1-1 to 44-11-30 December Total Receipts $143,776.09 ....11...•••••••••••1•11••••• $28,757.93 $172,534.02 Disbursements 145,481.54 330441,77 178,923.31 Net $ -1,705045 $-4,683.84 $ -6,389.29
Cash in Bank 1st National, Holly 1st National, Lamar Balance 44-12-31 $12,111.37 15,000.00 $27,111037 Outstanding 43-12-31 Repaid to 12-31 Made to 12-31 Outstanding 44-12-31
Notes given to cover interest
NOTES DUE EMI A.BLE LIFE ASSURANCE SOCIE Principal $1870172.00 85,672.00 -1101,500o00 Interest* $53,162.114 $240,334,81otal 85,672000 2,865o75 2,865.75
4-6-675TIT7R--- 11-51„528.56
on Outatanding notes to 43-12-31 and on notes repaid to date of repayment
THE ARKANSAS VALLEY SjGAR BEET & IRRIGATED LAND COMPANY
•
EXHIBIT D
ARKANSAS VALLEY SUGAR BEET AND IRRIGATED IAND COMPANY
Principal Outstanding, Unpaid Tax Advances and Overdue Interest at December 31, 1944.
Principal
Loan Nu, Outstanding Tax Advances Overdue Interest Amount 5570 515.00 $208.61 Bal. 37-5-1 Z27.38 and 7 annual $ 243.68
terms of 430.90 each
5628 240.00 Bal. 40-3-1 412.00 and 4 annual
terms of $14.40 each 69.60 5781 660.00 75.67 Bal. 39-10-15 Z7.25 and 5 annual
terms of 439.60 each 205.25 5829 1,400.00 Bal. 34-1-6 43.34 and 10 annual
terns of 04.00 each 843.34
5927 28.34 Cr.
5951 103.78 Cr. Bal. 36-1-1 Z5.67 and 7 annual
terms of 413.23 each 98.28 5981 500.00 92.18 Bal. 39-1-30 427.50 and 5 annual
terms of 430.00 each 177.50 5998 2,940.00 44-11-1 75.00 6000 3,000.00 6001 13,333.30 6003 2,000.00 6004 2,250.00 6005 6,500.00 6009 6,000.00 6012 2,400.00 6014 1,875.00 6015 2,250.00 6017 5,625.00 6019 1,000.00 6020 2,250.00 6021 1,650.00 6023 2,900.00 6029 16,800,00 6030 2,800.00 6031 7,200,00 6032 5,000.00 Applegate 2„750,„00 Martin 2,250.00 McCall 3,600.00 Smith 900.00 0.00,456.18 Notes -4376.46 Z1,712.65 5570 In foreclosure.
5628 In foreclosure. Offer accepted subject to acquiring title. 5781 In foreclosure. Offer acepted subject to acquiring titic.
5829 Received payment of $1,000 on account in March, 1944 which was applied on taxes taxi interest. Purchaser has good equity and loan will be extended as soon as signatures can be obtained from heirs outside the U. S.
5927 Small overpayment. Will be cleared upon adjustment from principal in 1945 5951 Small overpayment. Mdll be cleared upon adjustment from principal in 1945, 5981 In foreclosurec
EXHIBIT E
From April 20, 1932 to April 29, 1941 The Equitable Life Assurance Society made 16 advances to The Arkansas Valley Sugar Beet and Irrigated Land Company to cover operating expenses and taxes Since June 5. 1944 repayments have been made to the Society aggregating Z105,672. New Notes.
s
Nos. 17 to 22 inclusive have been executed in favor of the Society to cover accrued interest on these advances. The details follow;Note
v. Date
ADVANCES REPAYMENTS
Item ...••••••1101•1•111•••••1111Date Amount
1 2 3 4-20-32 10-5-32 7-3-33 417,500 5,000 20,000 Principal 6-5-44 $17,500 92 6-5-44 5,000 6-5-44 485.13 8-28-44 19,514.87 4 9-21-33 5,000 8-28-44 5,000 5 4-27-34 10,000 8-28-44 10,000 6 7-25-35 5,000 10-18-44 5,000 7 9-12-55 7,500 10-18-44 7,500 8 7-28-39 4,000 10-18-44 4,000 9 8-1-39 672 /I 12-26-44 672 10 11 12-27-40 1-7-41 2,000 9,000 St 12-26-44 2,000 lt 12-26-44 9,000 12 1-13-41 10,000 11 2-5-45 10,000 13 1-17,-41 19,000 Si 2-5-45 10,000 On acct. 14 2-7-41 23,000 Total ;105,672 15 4-17-ell 31,500 16 4-29-41 18.000
17 12-31-43 53,162.81 Interest All notes from 1932 to Doc. 31, 19.17,
18 6-5-44 491.63 Notes 1, 2 and part of 3 from January 1, 1944 to June 5, 1944
19 8-28-44 1,139.07 Notes 4 and 5 and part of 3 from January 1, 1944 to August 28,,1944 20 10-18-44 659,14 lotes 6, 7 and 8 from January 1, 1944 to October 18, 1944
21 12-26-44 575.61 .Notes 9, 10 and 11 from January 1st, 1944 to December 26, 1944 22 2-5-45 1,095.90 Notes 12 and repaid portion of No. 13 from January 1, 1944 to
Fnhruary 5, 1945
Amount due - $138,624.46
Ten shares of common stock of the Keescf' Water and Land Company purchased from the Equitable Life Assurance Society for $15,000. Approved under Resolution No. E20-44 - December 26, 1944. Seven-eighths percent Treasury Certificate of $1,000 purchased during Fifth War Loan Drive° Reported to Executive Committee 7-25-44, under Resolution No. E14-44.
ARYAL6A6 VALLLI SOGAR BEET AND IRRIGATED LAND CO. OPERATING STATEMENT
FOR THE YEAR ENDED DECEUER 31, 1944
Income
Land Rents ****************** ...•506•00•5505•4714005414 Vater Assessments.. • • .•acsoosocieGoceoc0000030e0ovoo.4 Interest Earned on Purchase Yoney
Miscellaneous Income05••••5000•590••0000590000•00•505 Less defaulted and compromised iyterest adjustment..
4s;) 78,294,,97 1,256.55 2,806.53 __Ma4_025.
Expenses
Maintenance and Operation.... ** ** 6005450000800414.6. 51,541.57
Real Estate Taxes.. OOOOOOOOOO 5,05•04410 OOOOOOOOOOOO 4.0 13,051.35
Administration Expense.. 000865045 OOOOOOOO 60 OOOOOOO 15,364.30
Land Selling Expense.... 041504,55.4,041005,200409 OOOO G..
New York Expense... ... Miscellaneous Taxes...
Total Expenses... c0000000...Goov0000a4rovoorloa
"MOM> 4,693.90 647.82 586 84 e!. 84,432.10 3,585.52 80,842.58 Se---1§-0.11§M Net Income before Interest.... 000.6041COGOQ•OW4C5.34,504
Interest
15,156.80
BOndSO•oe4•110550•0550•41.30•••0•5G0000•0 5•00•0•0•056•• ff, 111,700.90
Notes 63,802.28 175.503.18
Deficit for year... 0 0 •0000550000••0 5000 5•00•0•0•• 160,346.38
Deficit at December 31, 1943...•.•...•0500059•0045006 6.105.463.27 Deficit at December 31, 1944...G5545.'416W •050054 055Z 00 $ 6,265,809.65
;1•;.: ; f.',1",7) A ',i;)
•
•
•Sold - Closed 12 Months Approved Sales - 13 Mos, (Less Closed Sales)
Available for Sale Holdings et 43-12-31
1944 LAND SELLING OPERATIONS FOR PERIOD SHOWN (Including January 1945 approvalii
No, of Units No. of Acres Book Value Recovery ValueV Gain or Loss onRecovery Value 36 13,940.55 4166,362.70 (A) 4152„081,55 414,281,15 **
9 965.66 27,235,00 (A) 25,520.45 1,714.55 **
94 18,590.13 628,111.66 636,379.29
139 m 33,496034 4821,709.36 • $813,981.29
* This figure has been increased by splits and combinations in properties. (A) Selling Price
** Before $4,693.90 selling expense reported to date.
1944 Cash Summary to December 31, 1944 - Field Office
44-1-1 to 44-11-30 December Total
Receipts 4143,778.09 428,757.93 4172,534,02
Disbursemects 145,481.54 33,441,77 178,923.31
Net $ -1,705.45 4-4,683.84 $ -6,389.29
Cash in Bank 1st National, Holly 1st National, Lamar Balance 44-12-31
$12,111.37 150000,00 $27,111.37
NOTES DUE FnIITABLE LIFE ASSURANCE SOCIETY Principal Interest* Total Outstanding 43-12-31 $1870172.00
$53,1620T1
$240,334,81Repaid to 12-31 85,672.00 85,672.00
Made to 12-31 - 2,865.75 2,865.75
Chltstanding 44-12-31 -Irb1,5557ff--- $56,028.56 4157,528.56
* Notes given to cover interest on Outstanding notes to 43-12-31 and on notes repaid to date of repayment
THE ARKANSAS VALLEY SUGAR BEET & IRRIGATED LAND COMPANY
Cash
U.S. Treasury Certificates Accounts Receivable
Keesee Other
Unsold Crops and Miscellaneous Supplies tra'i .'—;
Unexpired Insurance Premiums Capital Stock Keesee
Purchase Money Mortgages
Principal $100,832.64 Int. Due and Accrued 0 Ida Land and Buildings
December 31, 1943 $821,709.36 less 1944 Sales
Tools and Equipment Total Assets Deficit Total 1944. 29,143.42 2.000.00
1,s4o.62
4,083.77 7,918.24652.44
15.000.00 104,912.03 656,586.694,6.31.04
$ 826,768.25 6,265,809.65$7.092,577.90
- SAS VALLEY SUGAR BEET .A.] ID I I GATED C O. BALALCE SHEET AT DECEMBER 31. 1944
1943 Change
Payroll Taxes Athheld
1944.
45.94
$ 33,966.76
$ 4,823.341,000.00 7 1,000.00 Accrued Real Estate Taxes 12,931.10 Due Equitable Life Assurance
1,878.26 /.1
37.64
Society for Expenses7,532.o7
3.556.5s
11 527.19 Notes Payable(Equitable LifeAssurance Society)
157.526.56
4,017.77
3.900.47
Interest on Notes7,773.72
456.2o
1.1p196.24
Deposits on Land Sales Contracts1.663.5o
te. 17, 15,000.00 First Mortgage Bonds
Outstanding $2,459,000.00 less paid on
26.111.52
?
7s.goo.51
account 224.982.002,234,ole.00
Accrued Interest on Bonds3,666.1362.01
Deferred Certificatesof 821,709.36 165,122.67 Interest 1.000.000.00 2,480.70 2,150.347157.35
Change $45.94
16.556.96
3,925.56
4.374.72
1E571::
:
2,231015.0o
1,13,554.361.0
111.700.90
1.000.000.00$ 895.177.15 - $ 65.4os.90
Total Liabilities$7,o57.577.90 $6,995.64o.42.
$ 91,937,45
6.1o5,h63.27
16o.346.3s
Capital Stock5,poo.00
5.000.00$7.000,640.42
$ 9163764g Total $7,092,577.90 $7,000,640.42 $ 91,937.48The above balance sheet reflects the condition as shown by the books at New York City. Complete reports have not been received from Hol1y.
11111FrIMINMINI••••••
ARKANSAS VAI:CRY SUGAR BEET AND IRRIGATED LAND COMPANY
Principal Outstanding, Uapaid Tax Advances and Overdue Interest at December 31, 1944.
Loan No.
Principa/
Outstanding Tax Advances Overdue Interest Amount 5570 515.00 $208.61 Bal. 37-5-1 427.38 and 7 annual
terms of 430.90 each
$ 243.68
5628 240.00 Bal. 40-3-1 $12.00 and 4 annual
terms of 414.40 each 69.60 5781 660.00 75.67 Bal. 39-10-15 $7.25 and 5 annual
terms of $39.60 each 205.25
5829 1,400.00 Bal. 34-1-6 43.34 and 10 annual
terms of 04.00 each 843.34
5927 28.34 Cr.
5951 103.78 Cr. Bal. 36-1-1 45.67 and 7 annual
terms of 0.3.23 each 98.28 5981 500.00 92.18 Bal. 39-1-30 427.50 and 5 annual
terms of $30.00 each 177.50 5998 2,940.00 44-11-1 75.00 6000 3,000.00 6001 13,333.30 6003 2,000.00 6004 2,250.00 6005 6,500.00 6009 6,000.00 6012 2,400.00 6014 1.875.00 6015 2,250.00 6017 59625.00 6019 1,000.00 6020 2,250.00 6021 1,650.00 6023 2,900.00 6029 16,800,00 6030 2.800.00 6031 7.200.00 6032 5,000.00 Applegate 2,750.00 Martin 2,250,00 McCall 3,600.00 Smith 900.00 4100,456.18 Notes -4376.46 41,712.65 5570 • In foreclosure.
5628 • In foreclosure. Offer accepted subject to acquiring title. 5781 • In foreclosure. Offer acepted subject to acquiring titic.
5829 • Received payment of $1.000 on account in March, 1944 which was applied on taxes and interest. Purchaser has good equity and loan will be extended as soon as signatures can be obtained from
heirs outside the U. S o
5927 • Small overpayment. Will be cleared upon adjustment from principal in 1945c 5951 - Small overpayment. Mill be cleared upon adjustment from principal in 1945,, 5981 • In foreclosure,
•
From April 20, 1932 to April 29, 1941 The Equitable Life Assurance Society made 16 advances to The Arkansas Valley Sugar Beet and Irrigated Land Company to cover operating expenses and taxes Since June 5, 1944 repayments have been made to the Society aggregating 0.05,672. New Notes, Nos 17 to 22 inclusive have been executed in favor of the Society to cover accrued interest on these advances. The details follow:
ADVANCES REPAYMENTS
Note
Date Amount Item Date
1 4-20-32 $17„500 Principal 2 10-5-32 5,000 3 7-3-33 20,000 tt 4 9-21-33 5,000 5 4-27-34 10,000 6 7-25-35 5,000 7 9-12-35 7,500 8 7-28-39 4,000 9 '8-1-39 672 10 12-27-40 2,000 11 1-7-41 9,000 12 1-13-41 10,000 13 1-17-41 19,000 14 2-7-41 , 23,000 15 4-17-41 31,500 ,1,6 4-29-41. 18,000 '17 12-31-43 53,162.81 18 6-5-44 491.63 19 8-28-44 1,139.07 20 10-18-44 659.44 21 12-26-44 575.61 22 2-5-45 1,095.90
•
Amount due - $138,624.46 a t Interest 9 Amount 6-5-44 $17,500 6-5-44 5,000 6-5-44 485.13 8-28-44 19,514.87 8-28-44 5,000 8-28-44 10,000 10-18-44 5,000 10-18-44 7,500 10-18-44 4,000 12-26-44 672 12-26-44 2,000 12-26-44 9,000 2-5-45 10,000 2-5-45 10,000 On acct. Totalmr76en---All notes from 19Z4.2 to Ds°. 31, 19-t*.Z
Notes 1, 2 and part of 3 from January 1, 1D44 to June 5, 1944
Notes 4 and 5 and part of 3 from January 1, 1944 to August 28, 1944 Eotes 6, 7 and 8 from January 1, 1944 to October 18, 1944
Notes 9, 10 and 11 from January 1st, 1914 to December 26, 1944 Notes 12 and repaid portion of No. 13 from January 1, 1944 to F,q,ruarv 5, 1945
Ten shares of common stock of the Eeeor,!e Water and Land Company purchased from the,Equitable Life Assurance Society for $15,000. Approved under Resolution No. E20-44 - December 26, 1944. Seven-eighths percent Treasury Certificate of $1,000 purchased during Fifth ffar Loan Drive° Reported to Executive Committee 7-25-44, under Resolution No. E14-44o
KEESEE V;ATER AND LAND COMPANY
BALANCE SITZT, DECEMBER 31, 1944 and 1943 and COLPARISer
ASSETS
1944 Cash
Unsold Crops. 0•0•000•000•00•0•00000000000000
Land, Water Rights and Improvements:
$ 15,735.60 1,286.84
Balance of Original Property...„. $71,456.31 Less Reserve'for Depreciation... ... 8.081,65
Net... ... ... ... $ 63,374.66
Improvements after 2,481.27
Less Reserve for Depreciation 1,142.86
Net... OOOOOOOOOOOOOOOOOOOO OOOOO t 1.338.41 Total Land, Water Rights and Improvements E 64.713.07 Prepaid Insurance...0004000•••00••00 62.98 Total Assets... ... es 0•000•00,00•6000 $ 81,796,49 Deficit... ... 0••••00.0.040000000404 39 409 22 TOta10000 OOOOOOOOOO 0 ... 4100000000009000414 ;121.20.71 LIABILITIES 1944 1943 Change $ 12,257.40 0. $3,476.20 1,286.84 t 64,064.81
e
2,052.49 t 664097.30 - 1,584.25 119,20 56,22 $ 78,473.90 $5,522,59 37 782 54 1 626.68 47. C4,949.27 1943 Chanpe Accounts Payable:The Equitable Life Assurance Society of
the U. S. .0 ,200000000000000004000000000060
$ 751.50 $ $ 751,50
Arkansas Valley Sugar Beet and Irrigated
Land Company.. ... 1,840.62 10878.26 - 37.64 Notes Payable.... ... 49574.99 49,574.99 Accrued Expenses: Interest on Mortgage.... G•0000000004WQ0 5,877.36 2,958.68 ,., 2,958.68 Interest on Notes... .. .. ... 30103.75 625.00 a. 2,478.75 Real Estate Taxes... ... 1,184.09 1,184,09
Income Taxes... ... .. ... . - 1,182.02 - 1,182.02 Mortgage Payable... o*OcaoceooOm000.000e 58'0773.40
58 773.40 Total Liabilities...,. 040000000•4000000900 $121,10E,71 t116,156.44
a. i4,949,2? Capital Stock... 0000000 000.000000040 100000 100f00 00,,... TOta10000000000000400000 0000006C•00000000000 d,a1U.,130.5.2.71 t1.16..„&alit e-
g.1.949,27
The above balance sheet reflects the condition asshown by the books at New York City, Complete ,,eports have not been received from Hol.V.
• •
YEESEE WATER AND LAND COMPANY STATEMENT OF INCOYE AND DEFICIT FOR TUE YEAR ENDED DECEMBER 51, 1944
Income from Rents
Land0444a00000000.01. 00410040000004000040000060
StOre0 OOOOOOOOO 0000000,5000047000004000000004400
Total Rents... OOOOO 000000000000000004000000000
Deduct Operating Expenses: Maintenance and
Operation-Canal OOOOOOOOO 0000000000000400GOOD400000000
Land0000000000000 OOOOOOO 40 OOO 0 O 000000000000
BUilding80000000000040000004000000004 00000
Taxes on Real Estate... ... 000000
Social Security Taxes... 000004000004000000
Depreciation on Buildings and Improvements.. Fire and Liability Insurance
$ 4,055.46 917.05 207 90 $ 15,855.50 50(400 0 5,160.59 10184.0 19.65 1,099.21,
se
22 0 14,155.30 Total 7,552.56 Operating Income $ 6,580.74 Administration Expenses:Portion of Office Expenses - Arkansas Valley
Sugar Beet and Irrigated Land Company 1,840.62, Portion of Office Expenses - The Equitable
Life Assurance Society of the U. S. .. 00040 751.50 40000
Corporate Taxes. ... ... 86.00
Other. ... ... ... ... 111.87
TOta1,000006100000000000000000000000004 0 099 0 2 789.99
Pet Income before Interest Charges... OV .
.. .
$ 5,790.75
Charges against Income:
Interest on Mortgage... ... cow
Interest on Notes ... 000006900 ... 00 00000
TOta10000 ... 0000 ... 004%00
Net Loss for Year... Deficit December 510 1945... Deficit December 510 1944... 0 409000Z/000•00000•*00 000 ,100•000**4000•0600 •000•0**•60.1104$04iO4,00k:‘
e
0 2,938.68 2 478 75 ---LAWELO $ 1,626.68 57 782 54 $_,P2409,22COPY
.?i, (4,,e‘i" CAVicee
_lodges, Vidal tk Gov,. 4quitable 814. Lonirtr 2, Colorado
June 11, 1946
Tbe Arkansas Vall(,y Luau.;
be t rrrigated Laud C01.4pany
1,ife Asturunce thri 77m!‘'...,[(1 -vvert4 „..-ez 1, • ' -1rS1
:Atate The :a:1,44:130.6 21.v.ar Beet and Irricated
_ yoiA en4
The *so:vial:It in the slx3is or Triolia .;4,4ker, Late,-;utrix ot the
.7..-state of ;Lsury F. Decker, deceased, v. The arkansa4 L'uzar l'eet aud IrriiA,t6d Land ',;(1zparly- was flied on 4unc Icj4.5, and slFm.-..-ma was issu4d, and a copy o.1: the cow„p141-,L aad summons has just reaeLed throwth the mai:. I had told L'r. Zorn, Attoruo,y for tho
thmkt he n'ese., not mute 4erice As : a_ t4e service
company. 4,:r. tiorn -writes ma !;cat: it is expecti. L,hat, 4ha11 rils au aacinor "uitLill reasonaliL. t;io." Under .)1.4- of v11 .Pro,.:edura tau usuial tAxilu is twenty da.4 atid I see u.-.) reason why I shpuld
rile. it, 'f.thiia Lhat 4ut : cefiaito 11;e:temente as te: Nal,uros zi;Itt
eir4t cause of c:i;ion in 2cr sal.ry due .,,enry rebrt,ar:,- 0, 1936, until his ders.11 fabruary 7, 1.J44, as Qf ilmt:11,1c) Canal uad te i,cesto Canal, at au ilroed,
7„:n4h, uted by ,laintifC,
1),.. its cal4 Autthrizi4 len* :.;ac; Qr." ';,c. :lora biAss aikeo o:
-.=LifiAGUMOUt A4 ti) 4;r1A;. -604 7:,wt (:t .040U; filG au ‘)f Li.nd 7. !:ec,r 10.rlouati ot7 lz
sew ,1 cauge a A,Qvio;1 is :or it'Atl.(Z, Cue cur- z3:10,t4
Oil .1.441,4,cre neLW.;!ut(*(1 wtt4 the ;.;tanolind Compnny. hon AV dl,,unn(10 t in eau Ygrk agd ethos. tisiou„ I *.-lave 4uits ;111Winitely under-stood tAat your coopau;: was ready to adiiiit in laet
interview, with Nowell at ).act*,.)4 and. Leaver duria4 Mily or thia
I rt4therect tault it would bo disputet,.. uwn Jutoruation is t.lat,
,, these v.ero nAiver '.'ormatly executed ,y the uomp:Aui, liad'qulto tierirately ussurad Deci:er atd
ar,:),ire Ulm*, and doneekti,outl: 1 bolieve 111. Claim roc ';ftis commission is
of
thirt cause of action is for Mr. Docker's commissions 44$
ar,ur. 13,:,S on the forzs owned, by the cowpony, ohd the suaount--' sued fro la 030562.210 being, as alined, agrecd commission of 10,4
or
the net proceeds defene,ant rived therei:rom. AZ I unUoratandit thtn.tit is h; aisput,s aL,out the validity
or
this claim, ono it sho.uld be sidl-dtted, but soy recollection was "at the amQune duesomow4nt in exce * of 4, ar:,c;unt sued ford; and the dolly Wico oan give z)e the exaGt fir;%,r s. "
Ihe -fourt'a cause of. action is. for speelflo
allt.1-Li - nract or. 1-54C betissfIri Decl,:dr otid the daaitty.ir t.?,Q
v,irchz.ole 32 1, Tuitinshi 2Z, 4ost, 4:)r eV,„W4 . qith tite alleGLItiQa O. *as paid Lovsuctd t.iie balance
two,-der on Yar0 Zbe 45 to cause- ia
.1:or c,r tWacretmeat aad t,..amaces .144 .0f
acreement, and Lka4,
4ernmvalce not---- ranted, A,oiatife.oss that sho-. have
uits.!Ji; .. 1) f:u .,;14/ sun -DP 0.4000.00. lc the olleca-Vics -sts.tf,„n tho ca‘,.so o2 action there is no- allemotioa Cari.uces
nalurt L,o ..4;d I 4p . not .see i'Jasis ,t4t .t1,1".OU aeMAnd.
1 -aa6. rt,tcw:,.MandeU iAlut cs. L,c,c1er
t.(; to nu4.- L,411u -kiiate 7art11,1r in t-',71
Yours vary truly,
Usury C. Vidal (eirned)
14(
cc - .r. ,
a.
'4Ilsion Liolly, ColoradoTHE ARKANSS VALLEY strAR BLLT IPPIGAT-D LAND COT:7AVY Index to Financial Reports
Page
Operating Statement 1
Crop Income 1A
Analysis of Operating, Maintenance and Repair Expenditures 1B
Analysis of Miscellaneous Expenses 1C
Balance Sheet 4
Accounts Receivable
Water Accounts 2A
Abstracting, Recording, 7tc.(Due from purchasers) 2B
Tenant Accounts 2C
Personal Accounts 2D
'Purchase Yoney Yortgages 2E
Land and Buildings - Book Value, Recovery Value and Notes 2F
- Unexpired Insurance 2G
Deposits on Land Contracts 2H
Keesee Water and Land Company Operating Stater]ent Crop Income
Analjsis of Operating Expenses Balance Sheet
Analysis of Unexpired Insurance
3 3A 3B 4 4A March 5, 1946
ARKANSAS VALLEY SUGAR BEET & IRRIGATED LAND COMF STATEMENT OF OPERATIONS _
FOR THE YEAR ENDED DECEMBER 31, 1945
Operatip..g bloomer'
Fara 4 0 9 0 4 0 OOOOOOO , C 0 0 . 0 0' 1 0 0 0 0 0 C 0 0 90 ,0o c, $75,990,64,
Office. Building... .. .... .•••00 .10•00• O• o o C..04990 1,822033
Other 645(00
Water 1,604053 $ 79,962,,50
Deduct Accounts Receivable Charged Off... 90004990 45936
171W3o3M Operating Expenses: Farir 09000.009J $31,200.90 Office Building., 0000c 10990 1,394.54 Other Propertieth 1,918.49 Buffalo Canal.., .... ... ... 3,326.87
Real Estate Taxes 9,971.29
Operation & Maintenance of Manager's Car
and Spray Paint Equipment 708.13 48 520.22
Operating Net Inoame before General
Administration Expense $ 30,982.90
Add Other Income:
Interest Earned on Purohase Money Mortgages $ 5,994.67
Miscellaneous Interest Income 20038.56
Miscellaneous ... 542.2b 8,575.4o
Net Income before General Administration Expense. $ 39,5A,3E General Administration Expense:
SalarieliCn00CC909:k
)004.0,00000 $ 8,442069
Legal Expense,..,.... ... ..„.. 2,841003 New York Offioe Expense... ... 203.17
Payroll Taxes... ... oeoo.csoilboacomeo 336.49 •
Rent... ,....i... ... oe ... o.00000 460.00
Statiortry & Office Supplies.. ...,... 99.80 Telephone, Telegraph & Postage... 301.86 Company's Share of E.L.A.S. Expense..., 3,080.48
Franchise 16.00
Aliustmeat - Personal Property Iftventory. 0.040 2,137.12
Estimated Cost of Settling Decker Claim., 3,800.00 Miscellaneous Expense... sew00000ssoomoo occo ,z, 1,495.94
Deduot Expense Collectible from Keeeee... •oocc; :t1.3,04 2:
Net Income before Land Selling Expense and
Interes.t Charges.,1930.,609 090 90900 400•990 e• tb Geo $ 18,444.L2
Land Selling Expense 7,36L,49
Interest on Notes Payable.... . .... ... .. 4,799.78
Interest on lst Yortgage Bonds.... ... . 09 0 09 110,837.,01 125,4".•J.M
Deficit for Year... ... ... Deficit at December 31, 1944 Deficit at December 31,
r)
• i A,A _ $ 105,053 .6,016.5Acv
IL370,863 I W44444L_
THE ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY REPORT OF CROP PRODUCTION, SALES, CASH RENT COLLECTIONS AND INVENTORIES FOR 3,945, CROP YEAR AS OF DECEMBER 31, 1945
ITEM Corn Wheat Oats Maize Barley Mixed Grains Popcorn Grain Sorghum Alfalfa Hay Alfalfa Straw Sorgntui. Fay Sugar Beets Cane Broom Corn Alfalfa lisceliauous Revenue • All Crops • Cash Rent
Oil and Sas Total * Crops on Farms March
5, 1946
SALES COLLECTIONS PRODUCTION QUANTITI 8,546 bu. 468 5,866 bu. 5,373 349 bu. 223 10,477 bu. 7,723 7,972 bu. 7,066 167 bu. 28 74 bu. 58 531 bu. 656 tons 395 4 tons 4 38 tons. 2 988 tons 988 10 tons 211n .6 lbs. 19946 12,9 lbs. 12,709 373 dols. 70 dols. AVE.PRICE RECEIVEDAMOUNT $1.00. $ 533 1.38 7,404 .63 140 1.11 8,555 .85 6,009 .43 ' 12 2.84 165 .90 -15.57 6,149 6.25 25 11.00 22 10.12 10,001 10.00 -.12 243 .23 2,924 397
442,579
373
70 443,022 INVENTORY* DOLLARS 8,078 bu. .1 8,078 493 bu. 680 126 bu. 79 20754 bu. 3,057 906 bu. 770 139 bu. 60 16 bu. 45 531 bu. 478 261 tons 4,064 - -36 tons 396 - -10 tons 100 ;:50 lbs. 30 - -$17,837esco-2-QA76
71-THE APKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY
Analysis of Operating, Maiintenance and Repair Expenses
Operatlqa Salariet, Shelling Seed Water Assessmonts Trucks Aiscellaneous Insurance
(Office Other Propo)
Total
qaintenance & Repairs Labor Contract Material -iiscellaneous Total GRAND TOTAL March
5, 1946
For the Year Ended December A/
1945
Farms
6
-179.38 880.018,757.90
1,902.34
$11,720.13
$ 7,168.53
791.14
11,479.76
41.34
$19,480.77$31,200.90
OtherProperties BuffaloCanal
$1,147.50
$1,374.75
101.25
700.86
274.45
456.09
115.65
$1,537.60
$2,632.95
$ 131.10
$ 188.004.00
202.08165.79
303.8480.00
380.89 $ 693.92$1,918.49
$3,326.87
Office Building Total$ 399.20
$ 2,921.45
179.38
880.01
8,859.15
700.86
771.66
3,405.04
12.41 128.06$1,183.27
$17,073.95
$ 107.704.75
91.30
7.52
$ 7,595.33
1,001.97
12,040.69
128.86
$ 211.27 $20,766.85$1,394.54
$37,840.80
THE ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY
Ana/ysis of Account 8.14 - Miscellaneous Expenses For the Year Ended December,31, 1945
General Insurance Mcl. Workmen's Compensation). gi; 458.30
1945 Traveling Expenses - Wm. N. Wilson 374.30
Rental Value of Ranch House 360.00
Repairs to Office Equipment 96.57
Miscellaneous Interest Disbursements:
On delayed payment of payroll taxes $25.10
On delayed payment of water assessments 11.10 36.20 Traveling Expenses to Holly - I.M. Schroeder 45.15
Holly Commercial Club Dues 20.00
Gifts and Subscriptions 67.94
Miscellaneous 37.48
$1,495.94
%flO.L.A 211,7t $ 10,612.55 7,' 506,62 16,064,00 9,788.65 12„ -3,8t 620890, 50711,85 k o lu4D Wai.C.,0 3,7760899,02 157,52 56 7,?73.72,. :;,666,0620G, 3080
_
1,000000(.0c :,000,000c00
v:,-607577775"---5,00(
,00 5,000,00 4Y05g5MAZ-0„092,57770- f1190-V,It 1944 54,400.66 29,142 1,000.00 2,000„00 2,1,21,04' 3,811.97 4,063.771,54ki-ez
1,3847.83 7„918 2.4 15,000.00 15,000,00 160,863,37 104,912,03 2,024,35 4,631,04 -446,249.99(A) 656,586,59 425,53 652,44w-gt.;31
*---/TYATM'iT:75-370,88:,,11
6r, 5E575
:.S.Treasury Certificates ccounts Receivable:Keesee Aater smd Land Company Other
.zeold Crops and Miscellaneous • Supplies
Capital Stock - Keesee Aater and Land Company
urchase Money Mortgages:
Principal $156063M0
Interest Due and Accrued 3,894.51 Sundry Advances 338,86 t3ols and Equipment
and.and Buildings: Book Value Dec031,1944 Aequired 1945
$656,586,69 240,00 IA56,826A7g Less 1945 Salea -213,575.70 Inexpired Insurance Premium:1-
---Total Assets eficit
tieoiery Value bused on -1944 appraisal 4..6 0'66,,6 value on properties approved for sale on uhlch
upon closing, Chsuage 25,267.04 1,000,00 2C0.,2;2 7;;;73,30 6,0;001.L f,15,95,34 2,606,6'e 2.,13,336,70 rfi0(469.; :4.yroll Taxes Accounts Payable:
Squitable Life Aeaurance Society 1:or Lxpenees -Other
Deposits on Land Sales Contracts
kccrued Real Estate Taxes Un3sttleid Claim - iI.F.Decker
Estate
Notes Payable (Equitcble L Assurance Society) . Accrued interest on Nctei,
Plyable
First Mortgage Bods
tataneting 12,459,000,00
;,4S5 Paid oa Account 294,982.00
r„o:'ued Interest on Bonds f;v:Irred Certificates of
Total Litillties Stoc17.
Toal
The foregoins statement does not include provision for mutualiz the Buffalo Canal, action for which has been started°
.THE AMANSAS VALLEY aGAR BEET AND IKRIUTi!,7) LAW.! COYPANY Contract No. # 3036 - 1/3 3026 3031 3036 3314 N A 34 B 3345 5792 2967 A 2968 i 3528 5555 4)00 C 2967 3 2967 C 2968 3/4 3036 i 3178 3192 B 3197 3264 3445 3566 3853 4000 F 4000 G 4000 I 4000 4000 L 5829 5942 6029 Mareh 5, 1946
Accouats Receivable Trial Balance
Delinquent from as at December 31, 10W,
Delinquent 'Alter Assessments
Same Amount J. V. Wilkin $ 29.92 1902 J. Murphy 59.28 1908 L. G. Auxier 57.72 1909 G. Hollis 28.86 1909 J. 0. lelurtry 160.00 1914 0. B. Heitzman 290.78 1915 Mrs. J. Gores 65.52 1918 C. D, Thompson 130.00 1920 J. W, r1arolf 120.0C 1922 R. E. Johnson 156.20 1926 J. N. Vilkin 57.72 1909 L. M. Appel 1,078.92 1932 J. O. McMurtry 225.40 1933 $ 2,460.32
Uncollected Current Water Assessments (Assessed April 30, 1945) Frank Urtin 7.50 " 5.00 N. F. Allenbaugh 5.00 Ed Dupree .10 N. F. Allenbaugh 25.00 F. A. Martin 3.13 F. H. Allen 6.25 J. P. SaYer 12.50 H. F. Decker 6.25 W. W. Edwards 1.56 F. A. Martin 5.00 Robert CaEtell 40.00 40.00 J. 0. McMtxtry 20.00 A. E. Conley 10.00 10.00 H. L. Hartshorn 25.00 R. R. Taylor 80.00 R. B. Etter 135.00 437.29
THE ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COXPANY Accounts Receivable Trial Balance
as at December 31. 1945
-2-Abstracting t Recording Feeet etc.
Real Estate
Description Name Amount
Prowers 23 J. A. Simmons $ 2.50
" 38 A. A. Cline 9.25
n 67 J. A. Simmons 2.50
n
99
William Duncan 1.34n 118 Frank C. Hollis 6.25
n 124 Jenson & McCall 1.00
n 125 J. F. Ausmus 6.25 n 138 E. H. Applegate 12.37 n 139 Pearl McAurtry 3.00 It 140 Calvin Flint 5.00 it 141 Geo. B. Anderson 2.00 n 142 F. D. Martin 14.84 n 151 Paul H. Jones 3.00 " 152 Glen Krieg 6.25 Loan #5829 Hartshorn 1.25
Loan #6004 Floyd Verholf 1.25
$ 78.03
March 51 1946
THE_ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY
R.E. NO.
ACCOUNTS RECEIVABLE
GAS AND WATER
NAME AMOUNT 100 Wm. Patterson
e 5.86
101 Fred Allard 1.50 102 Ruth Gideon cr. 1.50 Apartment ft ACCRUED RENTS $5.86 Violet B. Decker C10.00 Melvin Housley cr. 25.00 Wm, Rockwell 10.00 Glen Rose 25.00 Hal Wolf 10.00 Fred Logan 7.00 NameDELINQUENT TENANTS ACCOUNTS
Amount
Flint and homer ' ;t 95.60
Frank Fair 35.70 John S. Hixson 9.80 Clyde Cathcart 139.48 Claude Cathcart 28.46 Paul Cathcart 22.35 R. Conner 223.34 Ed. Gillmore 11.23 Harry Merrill 43.75 Carl Vocke 79.39 Z689.10 March 5, 1946 ;;37.00 Earliest Unpaid Charge Nov. 1945 Nov. 1945 Nov. 1945 Apr. 1942 Mar. 1942 Feb. 1942 Nov. 1939 Feb. 1941 Mar. 1944 Mar. 1938
THE ARKANSAS VALLLY SUGAR BEET AND IRRIGATED LAND COMPANY ACCOUNTS RECEIVABLi PERSONAL ACCOUNTS Name Amount William N. Wilson $ 14.93 Pat Cline 33.58 H. F. Decker 24.65 Holly Drainage 25.35 $, 98.51 Accrued Interest on U. S. Treasury Certifictate $ 5.84 ...10.0•••••••••••••••••••••
Total AccountL Receivable $3,811.97
=====lit=-March 5, 1946 Earliest
EnoaliShIlmt
Ncv. 1945 Apr. 1940 Jan. 1944 Jure 1944ARKANSAS VALLE! SUGAR BEET AND ., ,Doan No.
5570
5781
5998
6poo
6003 6009 6012 6012 6014 6015 6020 6021 6022 6023 6024 6029 60306034
6o4o
6043
604
6o45
6o4s
6o49
6o5o
6o51
6o54
6o56
6o57
6o5s
6063
6066
6o6T
6o6s
6o69
6o7o
6072
6074
6o75
6077
6ogo
Cuvetandinig, Aavances, Overdue and A.ccrued interest at December 31, 1945
Principal
Oat stmadini Advance, $ 515.00
66o.00
2,820.00 2,100.00 1,600.00 4,500.00 A 700.00 900.00 1,000.00 2,025.00 2,025.00 1,450.00 2,475.00 2,610.00 2,000.00 11,250.00 3,000.00 2,160.00 1,650.006,000.00
4,65o.00
5,25o.00
1,7oo.00
4,5oo.00
3,3oo.00
2,100.006o(m)o
3,25o.00
8,50o.00
m500o0
2.300.004,00mo
100500.400
69oomo
6,3omo
3,240.00
5,65ocoo
e5o.00
9•300.00
12,7oo.00
6,75ocoo
*$263.19
*
75.-7
a
$156,63o.00 $33s,s6
* Taxes March5, i946
Overdue InterestBal. .7;0/5/1 $6.78 and 15 annual $470.28 terms of $30.90 each
Bal. 39/10/15 $38.60 and
6
annual 276.20 tams of $b.60 eachBal. 45/3/1 8.30
Bal. Rate Equalizing Accrued Inilrest 4.69,
4.4111MMIIIMNIOPPW.Miert Accrued Interest $ 20.60 8.36 23.50 87.50
46.67
lo5.00
ao.41
21.00 23.33 1E0.54 60.75 12.08 33.00 52.20 26.67 417.43 20.00 82.50 270.00 23.26 211.44 56.67 157.50 77.00 61.25 20.00 65,00 170.00 65.00s4.00
34.58
239.92
12o.00
125.57
97.2o
47.21
2.s3
25.05
tr.%$759.41 $3,135.04
OINOM11.111.11110.01110•1••••. 41•111.1.41.1.1.1.01.1.114.1M Overdue Interest $759.47
Accrued Interest.2„ .04
$3,g .51
R. E. Held at 44/12/31 R. E. Acquired 1945
R. E. Sold 1945
R. E. Held at 45/12/31
Sales approved not yet closed R. E. Available for sale
ARKANSAS VALLEY SUGAR BEET AND IPiRIGATED LAND COMPANY 1945 Land Selling Operations for Period Shown
Gain or Loss on No. of
Book Value Recovery Value Recovery Value(D) No. of Acres Units $656,586.69 $660,438.98 $ 19,592.71 105 (B) 240.00 180.00 30 Combined with lila_ 105 (3) ;6301618.98 $656,826.69 19,622.71 16,822.20 6,738-79 213,5J6.10 (A) 16'_1_11.5. ....4lk . $443,249.99 (C) $463,864.48 $ - 12,883.92 61 154,080.00 (A) 122,656.25
31.423.75
.3.404.15
_15_
$289,169.99
(C) 041,208.23 $ - 9,479.77 46(A) - Selling Price
(B) - This figure has been increased by splits in properties.
(C) - Includes undivided suspended special assessment to be apportioned. (D) - Before land selling expense.
NOTES DUE EQUITABLE LD._ASSURANCE SOCIETY
Priucipal Interest * Total
Outstanding 44/12/31 $101,500.00 456,028.56 Z157,528.56
Repaid during 1945 101,500.00 101,500.00
Made during 1945 6,861.65 6.861.65
Outstanding 45/12/31 $62,890.21 $ 62,890.21
* Notes given to cover interest on outstanding notes to 43/12/31 and on notes repaid to date of repayment. There is also due $5,711.85 interest to December 31, 1945 on notes outstanding at that date.
During 1945 $70,000 was paid on account. of First Mortgage Bonds Outstanding.
THE ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY Unex ired Insurance Premiums
as at December 31. 1945
March
5; 1946
26-46 $ 27.00 $ .75 $ 6.75 (Prowers Co. #103
'4)413 (Ranch House 3 yrs. 4-16-48 52.70 1.46 40.15
(Office Building
90.;1 Prowers Co. #107 3 yrs. 5-27-46 18.00 .50
2.50 11.1:,42".I5 Surety Bond
3
yrs. 7-22-47 513.95 14.28 271.32 Cs):)80070 Spray Paint Equipment 1 yr. 8-8-46 10.00.83 5.81
Balance par ledger
March
5; 1946
Unexpired, December 31,
1945
Balance par ledger
Write-off Unexpired, December 31,
1945
4818.33 326.53 4,491.80 rt-f 4818.33 326.53 4,491.80 026.53 • • 026.53THE ARKANSAS VALLEY SUGAR BEET AND IhRIGATED LAND COMPANY
DEPOSITS ON LAND CONTRACTS AS OF DECEMBEL211_1245,
R. E. Number
Amount
Date Received
October 1945
Prowers County, Colo. #35
37
$ 1,150.00
950.00
December 1945
December 1945
39
1,400.00
40
56
1,325.00
656.00
December 1945
November 1945
86
November 1945
88
1,400.00
750.00
November 1945
98
2,100.00
December 1945
October 1945
106
760.00
December 1945
108
117
1,450.00
100.00
December 1944
128
030TO
December 1945
September 1945 166 August 1945 168 300.00 November 1945 170 1,300.00November 1945
173
1,300.00
$16,064.00
March 5, 1946KEESEE hATER AND LAND COMPANY STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1945
_n(,ome from Rents
Farms 0001.4,410
Store
Total Rents
Deduct Operating Expenses: Maintenance and Operation-_
$16,647067 300.00
Canal $2,088.64
Farms 655.22
Store 48.60 $ 2,792.46
Taxes on Real Estate 1,069.53
Social Security Taxes 140:12
Depreciation on Buildings and Improvements 814.21 Total
Operating Income 0
Administration Expenses:
Portion of Office Expenses - Arkansas Valley
Sugar Beet and Irrigated Land Company $ 2,121.04 Portion of Office Expenses - The Equitable
Life Assurance Society of the U. S. 685.46 Estimated Cost of settling Decker Claim 600.00
Corporate Taxes. 36000
Other 122.65
; 3,565.15 Less: Federal Incame Tax Refund - Year 1943 468.22
$16,947.67
4,691.02 $12,256.65
Total
3,096.93
Net Income before Interest Charges $ 9,159.72
Charges against Income:
Interest on Mortgage, $ 4,448.11
Interest on Notes. ... 976.37
Total 0..0000600 0 ... 0
Net Profit for Year
Deficit Deoember 31. 1944 0•• 5,424.48 $ 3,735.24 39,409.22 Deficit December 31, 19450 05,673.98
0
MaiV 5, 1946ITEM
THE KEESEE WATER AND LAND COMPANY
REPORT OF CROP PRODUCTION, SALES, CASH RENT COLLECTIONS AND INVENTORIES FOR CROP YEAR A8 OF DECEm.BER 31, 1945
SALES COLLECTIONS AVE. AMOUFT PRODUCTION LUANTITY PRICE RECEIVKD
Corn 2,123 bu.
Wheat 988 bn.
Maize 1,788 bu.
Barley 2,234 bu.
Alfalfa Hay 104 tm3
Alfalfa Straw 4 tons
Sorghum Hay 8
t.y:i-Sugar Beets Zi,1 ',LI.,
Cane 6 to-lil Alfalfa See, 7;283 2,..c. Onions • 14,130 lbs. - $1.00 $ -915 1.39 1,270 703 1.04 731 2,069 .92 1,913 19 15.79 300 4 8.00 32 - .11.00 -%", 11.01 2148 — 10.00 — 7,283 .31 2,2W 140130 .02 28:3 Miscellaneous 500_ Total * Crops on Farms March 5, 1946
0,795
INVENTORY * DOLLARS 2,123 bu. $2,123 73 bu. 101 1,085 bu. 1,128 165 bu. 152 85 tons 1,342 - -8 tone' 88 15 tons 165 6 tons 6Cmra4p72
39
THE KEESEE WATER AND LAND COMPANY
Analysis of Operatingt Maintenance and Repair Expenses For the Year Ended December 31. 1945
gaii_sating Farms Insurance $ -Salaries Shelling 21.80 Seed 247.34 Miscellaneous 273.36 Total
Maintenance and Repairs
Store Canal Total
$48.60
MINDC542.50
$48.60
$ - $ 48.60 1,500.00 1,500.00 21.80 247.34 28.12 301.48 $1,528.12 $2,119.22 Labor $ 50.50 t 207.00 $ 257.50 Contract 16.25 121.81 138.06 Material45.97
231.71 277.68 Total $112.72 $ 560.52 $ 673.24 GRAAD TOTAL)6)55.22
$48.60
$2,088.63
Z2,792.46
emerilamme.••••••••• March5, 1946
411.0.111111•••••.•••••••••TEE BALANCE SHEET f‘T AND 1944 1.7.7 :5 -1945 1944 Change 1945 1944 Change Cash $ 16,717.91 $ 15,7330.60 $ 984.31
Payroll TAX83 Withheld 49.67 4 $ 49.67
Accounts Receivable (Federal
Acoounts Payable:
Income Tax Refund) 468.22 468.22 The Equitable Life Assurance
Unsold Crops
Land, Water Rights and Improvements:
OS 1,286.84
• - 1,286.84 The Arkansas Valley SugarSociety
685.46 751.50 - 66.04
Balance of Original property $71,456.31
Beet and Irrigated Land Co. 2,121.04 1.840062 0 280042 Less: Depreciation Reserve 8,771.80
Notes Peyable (The Equitable Life
Assurance Society) 12,500.00 49,574099 - 37,074.99 $62,684.51
Improvements after Accrued'Expensess
acquisition if '4,481.27,
Interest on Mortgage 3,958.33 5,877.36 - 1,919003 Less: Depreciation Resarve 1,266.92
Iaterost on Notes 625.00 3,103075 - 2,478075
$ 1,214055 Real Estate Taxes
1,126.31 1,184009 - 57.28 Total Land, Water Rights and
Unlottled Claim - H. F. Decker
Improvements 63,898.86 64,713.07 814.21 Estate
600.00 CD - 600.00
Unexpired Insurance Premiums 7.34 62,98 - 55.64
Mortgage Payable 95,000.00 58,773.40 36,226.60
Total Assets $ 81,092.33 $ 81,796,49 - $ 704.16
Total Liabilities $116,666.31 $121,105.71 - $4.439040
Deficit 35,673.98 39,409.22 - 3,735024 Capital Steck
100.00 100.00
Total $116,766.31 $121,205.71 - $4,439.40 Total
$116„766.31 $121,205071 - $4,439.40
Kind
acrkmen's Compensation
- THE KEESEE WATER AND LAND COMPANY
Unexpired Insurance Premiums as At December 31, 1945
Monthly
Term Expires Premium EXoense Unexpired
3
yrs. 46-2-14 ;-.4.45.93 t4.05 4c6.08 1 yr. 46-3-31 ' 5.00 .42 1.26 Balance of account t67.98 Unexpired arite-off 7.34 :060.64 417.344
THE ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COUPANY
Details of Personal Property Sold at Auction June 1945
Hou3ehold Furnishings (Ranch House and Apartments) Office Equipment Stable Equipment: Saddle 5 Wagons Other
Livestock (Piir of Mules) Garcge Supplies and EquiPment:
Engine 1 Trailer 2 Cement Mixers 1 Reo Truck 1 Pile Driver Other Miscellaneous rarch 1946 $26,00 111,00 61,10 sm. wawmarmsessanGi $20,00 25.00 58,50 40,00 25.00 56.00 82.25 15,50 198,10 96,00 224,50 2.00 $621,,R;
io
March 5, 1946
•
BE IT RESOLVED, That the President, or such person or persons that he may designate, may approve general administrative expenses, to include but not be limited to the following:
Rent
Telephone and Telegraph Gas and Electric
Printing and Stationery Postage
Express, Freight and Duties Collection and'Exchange Advertising
Repair and maintenance of furniture and equipment Purchase of furniture and equipment
Books and Subscriptions Conventions and Clubs Water (Office)
4
THE ARKANSAS VALLEY SUGAR BEET & IRRIGATED LAND COMPANY Index to Financial Reports
Year 1946
Statement of Operations Crop Income
Analysis of Operating, Maintenance and Repair Expenses Analysis of Miscellaneous Expenses
Balance Sheet
Accounts Receivable Vatter Accounts
Abstracting and Recording; Tenant Accounts Personal and Eiscellaneous
Land Selling Operations Unexpired Insurance
Deposits on Land Contracts
Page .IA 1B 1C 2 2A 23 2C 2D 2
KEESEE 'WATER AND LAND COEPANY
Statement of Operations 3
Crop Income 3A
Analysis of Operating, Maintenance and Repair Expenses 312)
Balance Sheet 4
Accounts Receivable 4A '
ARKANSAS VALLEY SUGAR BEET
a
IRRIGATED LAND COMPANY STATEMENT OF OPERATIONSFOR TEE YEAR ENDED DECEMBER 31, 1946
•
Operating Income:
?arm $309074.46
Office Building and Other Properties 82.30
Water , 2,660.29 $ 32,817.05
Deduct Accounts Receivable Charged Off 274.15 $ 2,542.90 Operating Expenses:
Farm
Office Building and Other Properties Buffalo Canal
Real Estate Taxes
Operation & Maintenance of Manager's Car and Spray Paint Equipment
Operating Net Income before General Administration Expense
Add Other Income:
Profit on Sale of Automobiles and Equipment Interest Earned on Purchase Money Mortgages Miscellaneous Interest Income
Miscellaneous Income
Net Income before General Administration Expense
$ 7,482.41
309.80 2,893.28?,621.26
618.40 14,925.1517,617.75
4=)2,30 7,438.86 459.97 16.86 8,367.99 / 0 25,985.74 v General Administration Expense:Salaries $ 9,324.97
Legal Expense 5,518.52
New York Office Expense 81.65
Payroll Taxes 151.87
Rent 596.67
Stationery & Office Supplies 111.01 Telephone, Telegraph & Postage 267.08 Company's Share of E.L.A.S. Expense 3,089.48
Franchise Taxes 53.65
Inventory Adjustment and Depreciation... .. 143.65
Miscellaneous Expense 1,832.27 $ 21,170.82
Deduct:
Expense collectible from Keesee $ 1129.83 Prhyroll tax refund clailvd for years
, 1944 and 1945 333.58
Recovery of Markham Costs 2,479.90
Excess Decker Liability charged in 1945 1,415.98 6,359.29 14,811.53 $ 11,1/4.21 918.72 $ 10,255.49 Loss on foreclosure of mortgage loan
Net Income before Land Selling Expense and Interest Charges
Land Selling Expense Inierest on Notes Payable Interest on 1st Mortgace Bonde Deficit for Year
Deficit at December 31, 1945 Deficit at December 31, 1946 March
4,
1947$ 15,576.43
3,144.50
108,200.90
126,921.83
f-717276W.77
6,370,863.11
$6,487,529.45
1THE ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY REPORT OF CROP PRODUCTION, SALES, CASH RENT COLLECTIONS AND INVENTORIES FOR 1946 CROP YEAR AS OF DECEMBER 31, 1946
* DOLLARS
ITEU PRODUCTION
SALES COLLECTIONS
INVENTORY AVE.
QUANTITY PRICE RECEIVEDAMOUNt
Corn 3,468 bu. 165 $ 1.10 $ 182.94 3,303 $ 3 633.30 Wheat 1,230 bu. 10230 1.70 2,136.43 - -Oats 122 bu. 122 .80 101.92 - . Maize 2,084 bu. 190 1.20 235.95 1,894 20272.80 Barley 1,339 bu. 1,169 1.20 1,437.03 170 204.00 Popcorn 79 bu. 29 2.50 73.29 50 125.00
Sugar Beets 510 tons 204 8.70 1,784.94 306 20662.20
Alfalfa Hay 89 tons 37 20.60 763.09 52 1,071020
Alfalfa Straw 5 tons 5 10.90 54.58 -
-Alfalfa Seed 1,583 lbs. 333 .20 76.59 1,250 250.00
All Crops $6,846.76
GINIIMMOMPAIMMEMORX41111.1...
$10,218.50
Oil and Gas Lease 80.00
...sash Rent 337.00 Total $7,263.76 ••••■••••••••••••••••••••••Ort...V.2.7 $10,218.50 Oft1C111.111.••••••••10/10111111...M. Crops om Farms March 4, 1947 lA
THE ARKANSAS VALLEY SUGAR BEET AND IRRIGATED LAND COMPANY ANALYSIS OF OPERATING, MAINTENANCE AND REPAIR EXPENSES
FOR THE YEAR ENDED DECEMBER 31, 1946
OTHER BUFFALO FARMS PROPERTIES CANAL OPERATING 69.97 361.57 3,412.36 Salaries Shelling Seed Water Assessmentr Trucks Miscellaneous 634.38 Total $4 478028
MAINTENANCE & REPAIRS
Labor 41,100.53 Contract 1,268.47 Material 635.13 Total $3,,004.13 GRAND TOTAL 47,482.41 March 4, 1947 OFFICE BUILDING TOTAL
4
41.66 410365.25 $146.67 $ 1,553.58 69.97 361.57 3,412.36 555.06 555.06 24.78 417.40 96.69 1,173,25$ 66,44
Aajz2All
1:WAAL Jaalks22.
$ $ 177.00 $ 273.00 105.57 $1,277.53 19541.,47 740.-70 $ 555.57 $3,559070 $ 66.44 420893.28 4243.36 $10,685,49
•
THE ARKANSAS VALLEY SUGAR BEET AND nRIGATED LAND CO. ANALYSIS OF ACCOUNT 8.14 - MISCELLANEOUS EXPENSES
FOR THE YEAR ENDED DECEMBER 31, 1946
General insurance (including workmen's compensation) $768.24 1946 Traveling expenses - WM. N. Alison 718.76
Rental value of ranch house (January) 30.00
Repair to office equipment 16.24
Moving Mrs. swicherl, personal effects to Holly 43.34
Personal property taxes 38.83
Expenses of Colorado Lepartment of Revenue examiner 30.00
Gifts and subscriptions 66.50
Notarial bond and seal (Mrr. Swisher) 26.27
Maintenance of principal cffice (New Jersey) 20.00
Sundry 74009
Total $1,832027
