Salt Lake Telegram | 1923-01-14 | Page 29 | Receiver Appointed for Salt Company

RECEIVER APPOINTED FOR SALT COMPANY OGDEN Jan 13 FolloWing 13 Following a a. controversy cop con between directors and holders over the toe methods of ot winding up affairs of the Montello Salt Sal com company pany Judge Jude George F F. Barker Darker of the tte district court today appointed J. J II H. Knauss as receiver The rne receivership question was raised by the tha stockholders In Jn connection with wun the allegation that directors of the company were holding for which the company property had been sold old without distributing It and wIndIng winding wind wInd- winding ing up affairs of the company The reason for the delay it was was alleged was the desire of ot the directors and I officials to continue drawing salaries The receiver appointed by Judge Roberts has been secretary of the company company com corn I pany since it was formed sever several l years yeaS ago When formed to the company compan sold one and quarter one-quarter million shares of ot stock at 5 cents each Salt lands were purchased and operated and these constituted the major portion of the property for which the was received