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First Security Bank of Utah to U.I.C. Bondholders, Foreclosure and Repayment of Mortgage Bonds, 1948
By April 6, 1948, Quinney had successfully sold the real estate and property of the U.I.C. to accumulate the funds necessary to pay off the company's debts and refund the cost of stocks and bonds held by individuals such as Frederick Champ. This…