Salt Lake Herald-Republican | 1919-08-16 | Page 3 | 4 Companies Given Permits to Sell Stock

4 COMPANIES GIVEN PERMITS TO SELL STOCK I IFred Fred J. J Leonard of Mutual 1 Coal 1 Co ca 1 Is De Denied ie-d' ie Cent 5 Royalty I I Mutual Coal coman company of ot Salt Lako ko koor I of or which Fr Fred d J Leonard Is pr prest- prest presto president J- J o dent was before the state securities I commission lon yesterday esterday asking for tor a o permit permit to sell worth of or th the he l capital stock of ot the company compan The company compan ha has a e on acres acres I of ot land in Spring Canyon Tho The lease 1 I lis is made with the state on on n which the j company compan Is to pa pay a royalty of 5 cents a ton on all coal produced d during the first year five period President Ie LeonI Leon Leon- nard n- n Jard I ard und under r. r ata arrangement e l with t the e com corn compan company pan pany Is ts a to receive 5 cents cents' a ton o on the coal produced In addition to the I royalty which the company objected t to I j The commission held that no royalty I was to be bc paid him until after aCter tho the stock of ot the company paid 6 B per per percent cent and to this Mr r. r Leonard nard agreed lie He Is iss to file a statement to this effect When this Is done dune tho the commission JIl I i issue the permit for the sale Expenses Ex Lx- are not to exceed 15 lEi per per percent cent i i Land company compan of or Logan Lolan I lof of which William M. M Howell Nowell Is d dent nt and whose holdings are are lars largely h I in Montana was granted a permit to sell of its stock without the tho payment of any commission it la- la understood that this IB Is Is a an n Increase In the capital and will be subscribed b by the stockholders I Manhattan Mining company of Salt Galt alt 1 Lake which has five claims in Big Cottonwood canyon was granted permission permission per per- I mission to sell shares of Its Its Its' stock of oC ofa a a par value of pf 1 I cent a share without any commission Robert Jones Jones' I is president i i Mining company compan of Salt SaltI 1 I Lake Lak whoso whose holdings arc Jre in the New j I I mountains In Bo Box Rider Elder El er j count county was also given en a permit to of shares of at Its stock stocks I of the par value of at 2 cents a a. shar share 1 I INo No commissions to be paid II