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Show Bob Williams Is Charged by FDIC $25,000.00. Defendant gave the Bank immediate credit for the attempted sale of these loans. Walker Bank and Trust Company did not accept the loans and returned them to the Bank without entry. The $150,000.00 debit to Walker Bank and Trust Company account was used to cover a $104,300.00 wire transfer through Walker Bank to Bismarck Investment Corporation's account at the First National Bank, Bismarck, North Dakota. The balance of the $150,000.00 had previously been disbursed by the defendant. On or about September 3, 1969, the defendant issued a $50,000.00 bank money order payable to Bismarck Investment Corporation and R. If. Hart. This money order was deposited to Bismarck Investment Corporations account at The First National Bank of Bismarck, North Dakota. On September 9, 1969, the said money order was returned to the Bank of Coalville through the Federal Reserve Bank. On September 9, 1969, a $50,000.00 debit and credit entry was made to the general ledger sheet pertaining to bank money orders at the Bank. On September 9, 1969, the correspondent ledger pertaining to the Federal Reserve was credited for $50,000.00 and a $50,000.00 debit was made to the correspondent ledger pertaining to Walker Bank and Trust Company by the defendant in an attempt to sell the following loans to Walker Bank and Trust Company: Andromeda, Inc., $25,000.00; and jjC. Dwayne Harrison, $25,000.00. Defendant gave the Bank at Coalville immediate credit for the attempted sale of these loans to Walker Bank and Trust Company. Walker Bank and Trust Company did not accept the loans and returned them to the Bank at Coalville without entry. Bismarck Investment Corporation delivered 1629 shares of stock of the First American Bank and Trust Company, Bismarck, North Dakota, to the Bank as security. Andromeda, Inc., C. Dwayne Harrison, Transamerica Brokers, Inc. and WesternStates Thrift and Loan Company claim that they did not receive any consideration with regard to subject loans and, therefore, should not be required to pay their said notes and that the said notes were used without their authority or direction. New York Entries Noted TENTH CLAIM. On or about August 8, 1969, the defendant transferred $20,000.00 through the Banks correspondent bank. Manufacturers Hanover Trust Company, New York, New York, to the Philadelphia National Bank, Philadelphia, Pennsylvania, for the credit of Donald M. Kerr. Donald M. Kerr was the principal in both Northeastern Reclamation Company and Southeastern Reclamation Company. An account was not opened at the Bank of Coalville in favor of Northeastern Reclamation Company until August 29, 1969. On August 5, 1969, the defendant issued a $15,000,00 bank money order payable to G. T. Johnson for credit to account and for Donald M. Kerr. This $15,000.00 was deposited to the account of Kerr at the Philadelphia National Bank, Philadelphia, Pennsylvania. This money order was returned by defendant for the reason Personal Endorse -ment Required and Endorsement Missing. On or about September 3, 1969, $15,000.00 was through the Bank's correspondent bank, Manufacturers Hanover Trust Company, New York, New York, to the Philadelphia National Bank to replenish $15,000.00 to Kerrs account at the Philadelphia National Bank after the deposit pertaining to the money ed order was reversed. On August 29. 1969, $50,000.00 was deposited to the checking account of Northeastern Bap.iamatinn Company at the Bank in Coalville. The source of funds for this deposit were two loans naA by defendant for the Bank to Northeastern Reclamation Company in the amount of $25100X0 and Southeastern Reclamation Company in the amount of $25,000.00. These loans were unsecured to out of the area borrowers and defendant had not met the principals involved in the companies. Defendant did not enter these loans on the loan Hawnty ledgers of the Bank of Coalville. ripfonrbnt sent these limns to the Kamas State Bank, Kamas, Utah, and debited the correspondent ledger pertaining to the Kamas State Bank. Defendant gave the Bank of Coalville Immediate credit for the attempted sale of these loans. The Kamas State Bank returned the loans without entry. The defendant did not present the said loans to the loan committee of the Bank, nor did the defendant present fee loans to the board of directors of the Bank. California Letter Missing ELEVENTH CLAIM. On or about August 28, 1969, the defendant issued two certified checks, one in the amount of $10,000X0 and the other in the amount of $60,000X0. The $10,000.00 certified check was made payable to Bavarian Swiss Village, Inc. and the $60100.00 certified check was made payable to California Land Title Company. Bavarian Swiss Village, Inc. did not have a checking account at The First National Bank of Coalville, nor were funds set aside in a certified check account to cover the aforesaid certified checks. On or about September 5, 1969, a cash letter from the Federal Reserve Bank was received at the Bank in Coalville which was to have included the $10,000X0 certified check. Defendant claimed that the $10,000.00 item was missing in the subject cash letter. After receiving a photocopy of the $10,000X0 certified check, a credit was mafe on the correspondent ledger pertaining to First Security Bank of Utah, N. A. First Security Bank had forwarded this item through the Federal Reserve Bank to the Bank at Coalville. On or about September 4, 1969, the Federal Reserve Bank forwarded a cash letter to the Bank at Coalville which included the $60X00X0 certified check. This cash letter was mysteriously misat the Bank of Coalville for a short period of time. On September 16, 1969, the proper credit was made to the correspondent ledger pertaining to the Federal Reserve Bank and subject $60,000.00 certified check was placed in cash items. On or about August 26, 1969, Bavarian Swiss Village, Inc. executed three notes totaling $70,000.00 in favor of the Bank at Coalville. These notes were supposed to have been secured by an lncompleted mortgage on unimproved real property situated in Solano County near the city of Fairfield, California; These notes were not entered on the books of the Bank of Coalville until September 19, 1969, at which time the National Bank Examiners maiin the proper entry. These notes were used to cover the previously mentioned certified checks. placed Unsigned Georgia Draft - TWELFTH CLAIM. On or about May 29, 1969, the defendant Issued a bank money order in the amount of $20,335.54 to the Brown Bank, Cobbtown, Georgia. This money order was issued by the defendant to pay a $20,335.54 customers draft drawn by Glas Foam Corporation against the Bank of Coalville. The customer's draft was sent for collection by the Brown Bank. This draft was not signed. The following typewritten words appear in place of a signature: Glas Foam Corporation authorized by telephone call from Dr. Clifford Noe, On May 29, 1969, das Foam Corporation did not have a checking account at fee Bank in Coalville, das Foams checking account was opened on June 5, 1969, with a $2,500.00 deposit. On June 6, 1969, a $2,500X0 item was paid against the das Foam account, which reduced their balance to zero. When the $20X35.54 money order came back to the Bank at Coalville, defendant made a false entry on the correspondent ledger pertaining to the Federal Reserve Bank. On June 24, 1969, the previously mentioned false entry on the correspondent ledger pertaining to the Federal Reserve Bank was removed and subject $20X35.54 item was placed in cash items. On June 26, 1969, defendant removed this item from- cash items and charged it to the checking account of Glas Foam Corporation creating a $20X35.54 overdraft in subject account. The Glas Foam account remained in an overdraft status until August 5, 1969. At this time a $30,000.00 purported deposit was made to Glas Foams account. The source of the purported deposit was a $30,506.66 customers draft dated August 5, 1969, drawn against the account of Glas Foam at the Wilton Manors - Wouldn't You Really Rather Be Your Own Bossl And wouldnt you rather havtf n Summit County Commissioner e Who has spent all his life making his own decisions, being a munity leader, paying big taxes on big operations, serving on community projects for your benefit? Then perhaps you should vote for self-mad- half-a-doz- com- en OWEN ROBERTS Henefet rancher, cattleman, dairyman, owning and leasing and successfully operating more than 4,000 acres. Owen Roberts is his own man. Ho is a Menjber of the Summit County Planning Commission, meiqber for 30 years and now chairman of the Summit County Soil Conservation District, member of Summit County Weed Control Commission, President of the Summit County Farm Bureau, Member for 13 years of the Board of Directors, Intermountain Farmers, Charter Member and Direc- tor, Summit County Cattlemens Association. WHAT MORE DO YOU ASK OF A PUBLIC SERVANT? OWEN ROBERTS Four-Ye- ar Republican Candidate Term, Summit County Commission Primary Election, Tuesday, September 8, 1970 National Bank, Fort Lauderdale, Florida, signed by Conrad F. Walton as representative for das Foam and payable to the Bank at Coalville. Defendant thereafter advanced additional funds to Glas Foam Corporation against the uncollected customers draft. The additional advancement of funds was disbursed by the defendant from the checking account of Glas Foam Corporation from August 5, 1969, through August 22. 1969. The difference of $506.66. (the amount of the draft minus the deposit) was credited by the defendant to Interest on note. This additional advancement of funds was not presented to or approved by the board of directors or loan committee of the Bank at Coalville. Plaintiff demands Judgment against the defendant on Its Twelfth Claim in the sum of $30,506.66, together with Interest from May 29. 1969, and court costs. aid Montana CLAIM. Plaintiff repleads paragraphs 1 through 3 of the First Claim and paragraph 2 of the Second Claim. On or about June 26, 1969, the defendant made a loan from the Bank to Joseph D. Pitts, Robert Marshall and Kirk S. Jensen In the sum of $20,000X0. This loan was unsecured and supported only by inflated and speculative financial statements. On August 4, 1969, the defendant sold the said note to fee Kamas State Bank with recourse. On August 11, 1969, the defendant disbursed the sum of $20,000.00 by bank money order No. A9975 to Zions First National Bank of Salt Lake City. On August 12, 1969, the defendant made a debit and credit entry in the amount of $20,000X0 In the checking account of me Rulon T. Burton. Defendant did not present the said loan to the loan committee of fee Bank nor did the defendant present the loan to the board of directors of the Bank. The loan was not paid by the said Pitts, Marshall and Jensen when it became due and by reason of the recourse guarantee the plaintiff was forced to repurchase the note from the Kamas State Bank for fee sum of $20,719.17 on January 26, 1970. By reason of the wrongful and fraudulent acts of the defendant, the Bank has been damaged in fee sum of $20,719X7, together with interest from January 26, 1970, together with THIRTEENTH a duplicate ot tne deposit ticket was shown to representatives of Rex Uranium Corporation with the understanding that $80X97.94 in Universal Industries, Inc. notes at The First National Bank of Coalville would be deducted from the $300X00.00 deposit. Defendant confirmed by telephone that the $300,000.00 (minus fee notes) was deposited to Universal Industries Inc. account. Subject deposit was never made to either account, pertaining to Universal Industries, Inc. In bet, Universal Industries. Inc. checking account at The First National Bank of Coalville reflected a balance of $171.44 as of April 30, 1969. The escrow account pertaining to Universal Industries, Inc. stock issue reflects a zero balance as of April 30, 1969. According to the complaint on August 30, 1969, Rex Uranium Corporation, Universal Industries, be. and Montana Land A Exploration Company were merged into Uhirex, Inc. On August 4, 1969, R. A. Williams issued a bank confirmation which stated that universal Industries, Inc. had a balance rf $130,168X6 as of July 31, 1969, In their checking account and special escrow account. Subject bank confirmation was received on August 15, 1969, by the accountant for Uni rex, Inc. As of JUly 31, 1969, the Universal Industries, Inc. checking account reflected an $8,835X4 overdraft and the escrow account pertaining to fee Universal Industries, Inc. stock issue was closed out. Unirex, Inc. claims that various funds which Universal Industries, Inc. or its predecessor Universal Oil A Mining Company iruw ine saie oi BUver were not deposited to fee account of Universal Industries, Inc. Unirex, Inc. also claims that various other deposits and withdrawals were not properly credited and debited to Universal Industries, Inc.s account or its predecessor, Universal Oil A Mining Company. Unirex, Inc. claims damages by reason of being unable to draw against funds which were represented to them to be b Universal Industries, Inc.s account at the Bank. Any damages that 'plaintiff may suffer by reason of the aforesaid lawsuit by Unirex, Inc. would be directly attributable to the acts of the defendant. Plaintiff is entitled to Judgment against fee defendant b any sum that the Federal Court may adjudicate the plaintiff, Unirex, Inc., is entitled to against the Federal Deposit Insurance Corporation as Receiver of The First National Bank of Coalville. Under the careful and affable leadership of Robert William father, Floyd Williams, the First National Bank of Coalville attained state and national recognition as one of the strongest, most reputable, most dependable small-tow- n banks in America. Announcement of its take-ov- er b October, 1969, by the Federal Deposit Insurance Corporation came as an almost unbelievable shock to the community and to the State of Utah, ft was the first bank closing b fee United States b many years. The entire community unites b extendbg sympathy to Marselb Williams, an entirely innocent victim rf circumstances beyond her control, and her family. eu court costs. Colorado Corporation Sues FOURTEENTH CLAIM. On or about the 23rd day of April, 1970, Unirex, Inc., a Colorado Corporation, filed a complaint in fee United States District Court for the Central District of Utah against fee Federal Deposit Insurance Corporation as receiver for the First National Bank of Coalville, Utah. The complaint requests Judgment in the total amount of $4,550,465.71, together wife costs, fees and expenses as are allowable by the court, less any lawful offsets or adjustments, and for such other and further relief as fee court may deem proper. The basis for fee Unirex, Inc. complaint against the plaintiff is as follows: On or about April 30, 1969, defendant, as cashier of the Bank of Coalville, initialed a $300,000.00deposit ticket pertainingto Universal Industries, Inc. checking account at the Bank at Coalville. At this time Rex Uranium Corporation was considering the possibility Given Roost 15$ advance. Thursday, August 13, 1970 22-t- nf FOR SALE -- 69 Ford Falrlane, 1620 miles, Must sell. $1795 or best offer. ExceL Cond. 213 W. Center, Heber City. 33-- lp Phone REDUCE SAFE AND fast wife GoBese Tablets and water pills. Boy den Drug ap Store. 28-- 654-25- 6p WANTED: Hostess, Waitress, Buss Boys, foil or Part time. No experience necessary will 0. train. CaU Mr. Flinders, We will NOT accept classified ads on the phone. They must be paid advance. Please the Bee Office and stop give us your ad and pay for it. It is only a minimum of $L 15$ Anything over five lines a line extra. By order of the b b 649-965- 334c LIKE to find a good homo for five part German Shepherd pups. Will grow to 5. qplto good size. Call 33 --Inc b . publishers. WOULD 24-t- nf 336-225- horse EXPERIENCED break-b-g. horses need a good 2. start. Wayne Pentz, phone Good CARD OF THANKS -- Minimum $1.50 (15 cents additional lines over 10 lines). Bee Pub- 825-089- 32-- 2c FOR 5 lishers, Guitar. Alter SALE-B- ass pjn. call 336-249- paid b advance. lishers. Pink and Blue 29-t- nf LOSE WEIGHT safely with and remove excess .fluid with FLUIDEX. Only 98$ and $L69 at Boy den Drugs. Dex-A-Di- et, HENEFE- RDave and Pam Robbins are wearing bright smiles with the' birth of their second son on August 10. Ronald Lloyd-m- ade hb arrival b the McKay Hospital weighing 7 lbs. 15 os. and was 20 inches long. Hb bother Russell b walt-b-g at home with proud grandparents, Mr. and Mrs. Lloyd Wilde; other grandparents are Mrs. Lillian Robbins and great grandmother, Mrs. Louise Griely from North Dakota. They at the Robbins are visiting 30-5- Semi-priv- ate wffliaii One TraRtmiit last! i fall par MONI1 IACK GUAIANTU At Better Dealers Henefer Everywhere Dick Siddoway Appliance and Refrigeration Specialist Authorized Sates ad Service for General Electric Factory Trained Service for G. E. - Speed Queen Hot Point Coalville, Utah Westinghouse Phone 336-245- 8 $1,000 evaluation on property, you will pay the County $U. Mrs. Claude Thacker has been on a very lovely trip. Her daughter and Gene and Joyce Maughan were here b Kamas visiting, and when they returned home to New Jersey, Mrs. Thacker went with them. They attended the Hill Cumorah Pageant at Palmyra and also visited the homes of Joseph Smith and David Whitmore at the Sacred Grove. Then they went to New York and saw the Statue of Liberty and Radio Music Hall. Nett they went to Philadelphia and visited Valley Forge and Independence Square. They also visited the Eisenhower Memorial at Abeline, Kansas. son-in-la- w, Mrs. Thacker reports the scenery was Just beautiful and that she had a wonderful time. She was gone for three weeks and she flew home. Coalville RPW Busiest Week Visits Evanston for Ambulance Dutch oven kettles hanging over an open fire steaming inside wife old fashioned sheep-herd- er stew, ham and beans, chicken, roast beef wife a delicious barbecue sauce and all the trlmmlnp feat malm up a taste-tempti- chuck ng KAMA- SThe ambulance has been very busy this past week. Last Monday. they were called to Wnnd. land where they took William Samson to a Salt Lake hospitaL Then they drove up to Mirror Lake and picked up a man wagon dinner. This was fee treat b store for fee ladies of fee Coalville Business and Professional Womens Club who traveled to Evanston, Wyoming, Wednesday, August 5. As has been the tradition for the past two years, the ladies decided to travel to Evanston for their August meeting, enjoy-b- g a cool ride up fee beautiful sufferbg from a heart attack and rushed him to fee American Fork hospital. Thursday, they transferred Lucille Hortln from the Coalville hospital to the University Hospital. Saturday morning there was a one car accident up at Shady Dell. Four people were taken to the Heber Hospital where they were treated for cuts and abrasions. Albert Chavez was taken to the Heber hospital Saturday night to have his stomach pumped, too many green apples. Sunday they were called back to Mirror Lake where Mrs. Adraln Versteeg of Salt Lake apparently died of a heart at- canyon and then enjoying fee hospitality of Mrs. Emerson at the Chuck Wagon and her delicious food inside the authen11 tic Indian Teepee.-Je- ne Muir, reporter. R. Jones Family Visits Northwest HENEFE- RRlchard and Grace Jones of Henefer wife their son Norris, Us wife Jean, and their two daughters Lisa and Rachelle of Morgan returned home Saturday vacation to fee y after a Pacific Northwest and Canada. They had a most enjoyable ten-da- Mount Rainier National Park with a close look at the mountain, a most beautiful trip through tack. sight. After this Norris and family stayed wife Jeans sister Carol and brother-in-laGreg Long Richard and b Seattle whitea cousin Nettie Grace visited Burke in Tacoma. They aim took a ferry ride to Victoria B.C. and a guided J Mi lolenl ...Scrap it. Years ago, man discovered a new process, which, at the time, proved very useful: Scraping. Well, now scraping has been when an electric frost. No frost, no p SEPJICiJANKXCESSPOOl KAMA- S- The Summit County Commissioners met Wednesday, August 5, 1970 at the Courthouse b Coalville. A decision was re ached to increase waps for fee nurses at the Summit County Hospital, Rjf.s waps Increased from $18X0 per day to$23andLPJ(. from $12X0 to $15. Effective as of August 1, room rates at the hospital will be raised, $5. This makes rooms $27.50 and private rooms $30. These rates are still much lower than city hospitals and also lower than fee Wasatch County Hospital. A miU levy has been set for Summit County. It has been raised from 9 to U mills. Thb simple means feat for every $1X0 cents additional lines over five lines. Bee Pub- 33-2- nc the to be 15 minimum, 783-Z1- b are CLASSIFIED ADS home or mine. 8:00 - 5:30 daily. Phone CaU after 5:30. Pam 29-t- nf 32-2- nc 5. BABYSITTER-yo- ur Visit to Pageant for Mrs. Thacker Nurse Salaries Coalville, Utah THANKS is a line (Approximately five words b a line). Payment b OF CARD Unsecured Loan for $20,000 THE SUMMIT COUNTY BEE 4 GLAOCJFJE) Land A Exploration Company with Unirex, fee. to be the surviving no-fro- st It ed. freezer-refrigerat- or No de-fro- st. de-fro- st, Underful. Buy Her an Electric no scraping. No-Fro- st . Freezer-Refrigerat- happened un-inven- ted or w, UTAH POWER & LIGHT CO. |