Salt Lake Tribune | 1904-07-27 | Page 3 | May Sell Plant at Jordan Narrows

MAY1 SELL PLANT AT JORDAN NARROWS Next Friday Fixed as tho Day for Commissioners to Accept Bids. Unless another postponement is made, the big plant erected by the Salt Lake City Water & Electrical Power company com-pany In the Jordan Narrows will he eold at public snle on Friday, July 29. The sale will be made by Morris Soin-ner, Soin-ner, who was appointed commissioner In the case by District Judge Hall. The last upset price fixed for the properly la 545,000. The case, which was begun in November, No-vember, 1900, by George P. Holman and other creditors of the company, has now been In the District court for nearly four years. After the first complaint com-plaint was filed other creditors brought suit, and finally all of the cases were consolidated and tried together. On April 11, 1903, the court rendered its decision de-cision in the caw, finding in favor of the plaintiffs and rendering judgment for an amount between $3GO,000 and $365,-000. $365,-000. Three times has the upset price for the sale of the property been fixed, aird each successive time has the minimum amount at which the property can be sold been lowered. On October 21, 190.", it was fixed at 5G5.000. and on February Febru-ary 19. 1904, this was cut to SC0.000. The last upset price fixed by the court was on May 13, 1904, when it was placed as low as 545,000- Several times the datc-for datc-for the sale haa been set, but each time a postponement has been granted for one reason or another. On June 29 the date of the sale was set for July 29, and it Is- believed that the sale will be pulled off on Friday.