Show IpOWER PLANT TROUBLE Receiver Appointed for Jordan Narrows Company GEOBHEGAN TAKES CHARGE W G Benham Filed Complaint and Petition in the District Court Ho Alleges the Company is in Danger of Insolvency and Creditors Threatened Threat-ened to Suo and Sell the Property Debts for Machinery and Supplies and Money Owing A K Tarbst and A G ainson Amount to 3350000 On the complaint and petition of W I I G Benham tiled In the District court yesterday by Powers Straup Lipp I man Joseph Gcoghegan was appointed receiver of the Salt Lake City Water and Electrical Power company under a bond of 10000 Mr Gcoghegan filed his bond with the American Surely company of New York as surety and took charge of the property The action Is the result of disagreements disagree-ments which have been rife among the I stockholders of the company for a longtime I long-time especially between A H Tarbet who is heavily Interested In the company com-pany and Allan G Lamsosi the promoter pro-moter and until Tarbet took hold of It the ruling spirit In the concern AV G IJenham the plaintiff In the proceeding j pro-ceeding in Mr Tarbets private secretary sec-retary and Mr Tarbet is the real party In Interest and the present disturbance I was the cause ohls hurried return from Kansas City whlthcjir he had gone to attend the Democratic convention Tarbet for a long lime haa tme been dIssatisfied dis-satisfied with Lamsons methods and particularly with reference to contracts con-tracts of various kinds which he made GROUND OF APPLICATION In the complaint filed yesterday it Is alleged thai the companys capllal stock Is Sl000000 divided into 10000 shares of the put value of 100 each fully paid up Benham alleges that thlL he Is the owner and holder of S33 shares of the capital stock of the company com-pany of the par value of S3300 and hat he Is also a credllor of the eOIT unt pany in the sum of 1106 for money loaned I is then alleged that the company is in imminent danger of Insolvency In-solvency that it is Indebted to various vari-ous parties for machinery and suppliea in the sum of 200000 and on Informa tion and belief Benham says Its cred llors arc about to enter suits to recover the amounts owing to them and to sclze the property and nell it in piecemeal r piece-meal a proceeding which would be dlrastrous to all concerned I is then alleged that the company bait valuable contracts for the furnishing of elec l I tricity from Its powerhouse I at the Jordan Narrows out of which It expects I ex-pects to make large sums of money I Is therefore claimed that It In I for the best Interest of all concerned that I a receiver be appointed to take charge of the power plant and tho water rights I in the Jordan river and to carry on the business marshal the asnets and pay the creditors according to the several I amounts due them ASSETS SUFFICIENT I It Is stated If that Is done there will r be far more than suliiclcnt to satisfy I all claims against the company and I leave something for this plalntllf ana the other stockholders I Is therefore prayed that a receiver be appointed with the authority Indicated above It I Is I also prayed that the receiver be dl reclcd to ascertain the amount of the debts of the company to 1 the prop ely as a whole and that the proceeds be applied to the payment Of the com jan s debts When the mater came up before Judge lilies yesterday Judge Dey appeared ap-peared on behalf of the company and consented to the appointment of Mr Geoghcgan as receiver and the court made the appointment accordingly Attorneys Zanc Rogers represent I the receiver |