OCR Text |
Show TRIES TO HEAD OFF SALE OF PROPERTIES Great Falls, Mopt, March 19. Acting Act-ing In his capacity as trustee for some of the Utah stockholders and creditors of the King and Queen Mining Min-ing company, operating properties in the Missoula district, Charles A. Pcotl of Salt Lake today Instituted receiv-ecship receiv-ecship proceedings in thc federal court, the action being brought in the hope of heading off a sale of the properties advertised for tomorrow under forecdlosure proceedings to satisfy judgments held by John M. Keith and the Western Montana National Na-tional bank. In his complaint Mr. Peet alleged that thc corporation's debts approximate! S4S.000, duo various vari-ous individuals and corporations, that thc properties are idle and deteriorating deteriorat-ing in value, and ask that a receiver be appointed to liquidate thc indebtedness indebt-edness and continue thc business. |