UNITED STATES v. COLOMBINE COAL COMPANY

No. 12459.

493 P.2d 983 (1972)

27 Utah 2d 140

UNITED STATES of America, Plaintiff and Respondent, v. COLOMBINE COAL COMPANY et al., Defendants and Appellants.

Supreme Court of Utah.

February 3, 1972.


Attorney(s) appearing for the Case

Jones, Waldo, Holbrook & McDonough, Donald B. Holbrook, Edward J. McDonough, Salt Lake City, for defendants and appellants.

C. Nelson Day, U.S. Atty., A. Pratt Kesler, Asst. U.S. Atty., Salt Lake City, Utah, for plaintiff and respondent.


ELLETT, Justice:

This appeal is from a judgment of foreclosure in a case brought by plaintiff on two notes and the securities given therefor. One note, dated July 9, 1963, was made payable to Area Redevelopment Administration for $325,000. The other note, dated October 28, 1966, was payable to the Helper State Bank in the amount of $100,000. This loan was subsequently assigned to the Small Business Administration, hereafter called S.B.A.

The Area Redevelopment...

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