City councilors of struggling Central Falls, R.I., want the bankruptcy court to oust state-appointed receiver Robert Flanders, who put the financially drained Providence suburb into chapter 9 last year, arguing that his power was meant to last only two years, Dow Jones DBR Small Cap reported today. The councilors asked Bankruptcy Judge Frank Bailey to order Flanders to "vacate and surrender the offices of government and prohibit [him] from taking any further action with respect to the lawful and elected government of the city of Central Falls" by July 16, according to court papers.
