Salt Lake Telegram | 1927-03-06 | Page 2 | Receivership is Dissolved

RECEIVERSHIP IS DISSOLVED Utah Steel Property Is Sold to Western Steel Company Ratification of tile the final report of the thc receiver of the Utah Steel Cor- Cor or- or discharge of the receIver James J. J Burke and cancellation of the bond furnished by bythe bythe the receiver were completed Saturday Sat Sat- afternoon by JUdge William 1 M. M McCrea in the district court The action closes the receivership receivership re- re of the steel corporation begun July 22 1922 on suit instituted instituted by the Utah Oil Refining company The receiver and Frank Johnson who has acted as his attorney were complimented by JUdge McCrea With th the court order was filed a receipt for a deed executed by Mr Burke In Behalf of the Western Vestern Steel company It shows hows the latter latter lat lat- ter as the purchaser of all the real realand realand and personal property of the defunct defunct de- de steel corporation at a price of No one appeared t object to the closing of the receivership at the formal hearing which was held Mr Ir Burkes Burke's report showed that the Western Vestern Steel company paid sufficient sufficient to cover the expenses of the receivership and satisfy all preferred pre pre- i creditors creditors' claims in full and pay the creditors whose claims were not taken over on a pro claIms rata basis of 1974 per cent