Oldroyd v. McCrea

STKAUP, j;

In tbe case of Assets Realization Company v. Sevier River Land & Water Company, an insolvent corporation (hereinafter referred to as tbe land and water company) a receiver, in June, 1923, was appointed by tbe district court of tbe Third judicial district. Prior thereto, and in October, 1918, the land and water company, for money loaned, gave its promissory note to tbe state in tbe sum of $160,000, and to secure tbe payment thereof executed to it its mortgage on about 4,000 acres of land in Millard county and 4,000 shares of tbe capital stock of tbe Sevier Canal Company, a…