Salt Lake Telegram | 1932-04-13 | Page 12 | Progress Maed in Bank's Liquidation

I PROGRESS MADE MADE MADE-IN IN BANKS BANK'S LIQUIDATION TrON OGDEN April 13 Further 13 Further prop progress I ress toward liquidation of the de do Ogden Stale State bank was made mode i ithe in n the district court here Tuesday when whet I de-I I Judge S. S Barker heard hoard sev rev eral oral matters pertaining to the untangling un un- tangling of creditors' creditors claims In the action brought b by the bank the state bank commissioner and lh the e bank examiner in charge against I James Gunn McKay to recover 15 15 principal on a promissory note B B. B M. M Anderson was appointed re receiver receiver re- re to act under bond The bank was permitted under an a n order to make transfers to tu close lh the c trust of Ella ElJa Hinchcliff involving about Permission was given gi to terminate the trust of Mrs Arv Arvilla lia Hanson Phinney involving mg about 1600 1000 Permission was given to sell seU 19 2 2 1 acres of land at Roy to Lester Day for This land is carried on the thc banks bank's books at a value of Judge Barker took under advisement advise advise- ment meat the matter of the banks bank's taking over the Hyland Flour Mills 1 of oC this city for the amount to lo be credited on the indebtedness of the mill to the bank amounting to Objections were interposed that this property did not represent the company's entire holdings The objectors objectors ob ob- ob- ob al also o asked for the appointment appointment appoint appoint- ment meat of a receiver I