We present elastic and quasielastic neutron scattering measurements
characterizing peculiar short-range charge-orbital and spin order in the
layered perovskite material La1.5Sr0.5CoO4. We find that below Tc~750 K holes
introduced by Sr doping lose mobility and enter a statically ordered {\it
charge glass} phase with loosely correlated checkerboard arrangement of empty
and occupied d{3z2-r2} orbitals (Co3+ and Co2+). The dynamics of the resultant
mixed spin system is governed by the anisotropic nature of the crystal-field
Hamiltonian and the peculiar exchange pattern produced by the orbital order. It
undergoes a {\it spin freezing} transition at much a lower temperature, Ts~30
K.Comment: 4 pages, 3 figures, Latex. Submitted to PR