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Show the ENTERPRISE UPRR sues rancher Champlin Petroleum Co., Union Pacific Land Resources Corp. and Amoco Production Co. have filed suit in federal court against Howells Livestock Inc. for obstructing gas, oil and mineral exploration and excavation on several hundred acres in Summit County. The suit claims the federal government issued a patent to Union Pacific Railroad Co. in 1902 for exploration rights In 1909, to the property. Union Pacific conveyed the land to Canaan Livestock Co., reserving the right to all coal and other minerals within or . underlying the property, exclusive right to prospect, and right of ingress, egress or regress upon the land. Howell is the successor of Canaan, and has denied Union Pacific Resources as well as Champlin and Amoco, access to the land. Champlin and Amoco this year received exploration rights to the property from Union Pacific. The suit merely asks for a clarification of property rights belonging to Union Pacific and Howell's. New business loan firm opens Business Assistance Financial Co., a Chicago based venture capital firm, has opened a branch office in Salt Lake City. According to the Salt Lake manager, John Williams, Business Assistance provides funding for new and existing business who cant get funding through normal channels." Williams said Business Assistance acts as a funnel through which large investors, like insurance companies and investment bankers, lend money to small but growing firms. According to Williams, if a business is a going concern then the assets of the business are enough collat- eral." Business Assistance does not ask for an equity position in the business it's financing, according to Williams. Instead, Williams said, We lend 90 percent of the business' financial needs at 9 34 per cent and let the bank, prefcrrably the firm's banker, lend the other ten per cent. This way, the bank becomes the collateral lendSt. Benedicts Hospital in Ogden chose J. P. Koch Company to install both standard plumbing and special medical piping systems, in addition to the installation of air conditioning and heating systems. When you have a big mechanical installation to do, remember: Koch can. Whether it is fixed planspecification bidding or bidding to performance specifications, or design construct to budget: Koch can. First Security Corporation selected J. P. Koch Company for their Central Operations Center. Koch and installed both the air conditioning system and plumbing systems. Do you have an application that requires total performance? Remember: Koch co-design- ed Mechanical Contractors and Engineers Design - Install - Service Call Koch. GORDON NIEDERHAUSER (801) 972-434- 3 2384 SOUTH 3270 WEST SALT LAKE CITY, UTAH 84119 er." About 50 per cent of the loans Business Assistance handles qualify with the Small Business Administration, to Williams. according That's one of the reasons we can lend money to small businesses for such a small rate of return." Williams said the venture capital firm will invest in any business, but we stay from land speculation." |