Salt Lake Telegram | 1931-04-16 | Page 9 | Board Sues for Tooele Funds

HOOl BO D SUES FOR o TOOElE fUNDS r legations that the Tooele County tc e bank held the bulk bulI of a tele el county board of education det deit dett de- de it t tt merely merel as a trust fund and a aI I iteration that the deposit can be ic dered in no way among the tk k assets being liquidated are coned con- con fed Bed ed In a suit stilt on file me Thursday in county division of Third dis- dis Jt lot court he be ie suit was WIlS filed lIed by the board of nation catlon against the bank officers l asks for tor the recovery of he ie deposit which amount ts s the difference between the theil theLI il LI deposit and the bond at the time of ot the k's ks ks k's failure lung of ot the suit halts all prepa- prepa ons to pay the defunct banks bank's first of or 20 to 25 5 per cent It Jt was Thursday b by W. W H. H Hadlock c bank c examiner of or the board of education l the suit was not filed tiled until fallot fall- fall of ot 0 BlI UI attempts to reorganize the k Ic Liquidation of ot the banks bank's assets will be held In abey- abey Q C pending outcome of the suit ch many Interested parties dee de- de e 0 will be decided finally by the court of oC the state among the school funds of the general tax money ch eh w was to have been used in mag mang mang ma- ma ng g sc school OI bon bonds s