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Show I THE SALT LAKE TIMES FRIDAY, APRIL 22, 1960 Page Three Gas Firm Stockholders To Mull Amendment' Of Company Rules When stockholders of Moun-tain Fuel Supply Co. convene at their annual meeting May 10, they will be asked to vote on a proposed amendment to the com-pany's artciles of incorporation pertaining to the sale of stock, and on a resolution increasing the membership of the board of directors from 9 to 11. Details on the proposals were outlined in the notice of the an-nual meeting of stockholders, which was mailed over the week end. The meeting is scheduled May 10 at 10 a m. at the com-pany's general office in Salt Lake City. H. C. Shoemaker, retired Sears Roebuck & Co. executive and re-cently the former chairman of the Utah State Welfare and Tax Commissions, and Charles Freed of Freed Motor Co., and Inter-mounta- in parts Co., are the pro-posed nominees as the two ad-ditional directors. A native of Spokane, Wash., and a graduate of the University of Washington, Mr. Shoemaker was district manager of Sears Roebuck & Co. stores in Utah from 1939 to 1944. and district manager for Sears' stores in the Detroit, Mich., area from 1944 until his retirement in 1948. For six months in 1949 he served as chairman of the Utah State Tax Commission, then became chair-man of the Utah Welfare Com-mission, where he served until 1957. He again became chairman of the Tax Commission, serving until he retired in 1959. He is president of the Utah Foundation, non profit research organization to study state and local government in Utah; and a director of St. Mark's hospital, Union Bank & Trust Co., West-minster College, YMCA, Salt Lake Area United Fund, Com-munity Welfare Council, Salva-tion Army and Blue Shield of Utah. Mr. Freed is a native of Salt Lake City. After attending the Uinversity of Colorado, he began his career in the auto business in September, 1926. He became resident of Freed Motor Co. in 1930 and president of the Inter-mounta- in Parts Co. in 1938. The former company distributes De-Sot- o, Plymouth, Valiant and Fiat autos in Utah and four surround-ing states,a nd the latter com-pany distributes Chrysler Corp. parts in the same area. A past president of the Utah Automobile Deaelrs Assn., Mr. Frede was president of the Na-tional Automobile Dealers Assn. in 1954 and presently is member of the Association's board of di-rectors. He also is president of the Utah Safety Council, chair-man of the Auto-Industri- es High-way Safety Committee, trustee of Rowland Hall School for Girls, and a director of St. Marks hospital, Utah Foundation, and the Metropolitan Water District of Salt Lake City. The proposed amendment to the company's articles of incor-poration, according to the notice is "to permit the sale for cash of authorized but unissued stock or securities convertible into stock through public offerings without first offering the same to stock-holders, and to authorize the board of directors to fix the terms and conditions for the ex-ercise of any pre-empti- ve rights of stockholders." Because of the rapid popula-tion and industrial growth of the area served by the company, it will be necessary for the com-pany, as it grows, to issue and sell additional capital stock. "The proposed amendment does not mean that the company could not first offer new stock issues to the stockholders if such offer-ing were determined by the board to be desirable and ad-vantageous to the company," the notice said. Its purpose is to per-mit the board discretion to offer new issues of stock either to stockholders or to the public generally, whichever in its judg-ment will most benefit the com-pany. "If this discretion be granted, the company will be able to facilitate the sale of stock to take advantage of favorable mar-ket conditions promptly, and to avoid the delay and the addi-tional expense incident to rights University at a time when it was expanding into an institution, which now has eight campuses located at Berkeley, Davis, La Jolla, Los Angeles, Mt. Hamilton, Riverside, San Francisco, and Santa Barbara. The development of the University to serve the entire state was accomplished, he says, "on a principle of home rule commonwealths working to a common end." t Among other numerous offices Dr. Sproul is treasurer of Save-th- e Redwoods League, trustee of the Pacific School of Religion, the Carnegie Foundation for the Advancement of Teaching, the Rockefeller Foundation, General Education Board, the American Heritage Foundation, and Inter-national House, and a Fellow of the American Association for the Advancement of Science. His decorations include the French Officer d l'ordre National de la Legion d'honeur, Comman-- j der of the Order of the Crown of Rumania, Knight of the Order of the lorn Crown of Italy, Com-mander of the Order of St. Olov of Norway, and the Royal Order of the North Star of Sweden. California Educator Will Address Graduates at BYU Dr. Robert Sproul, president emtritus of University of Cali-fornia, will address graduates in 85th commencement at Brigham Young University June 3, it was announced by President Ernest L. Wilkinson. The ceremonies will be con-ducted in the George Albert Smith Fiedlhouse. An academic procession, with administration, faculty and graduates in caps and gowns will form at Maeser Building and proceed down the west hillside to the fieldhouse. Dr. Sproul was president of the University of California, an institution with eight campuses in the state, from 1930 to 1958. A native of San Francisco, Dr. Sproul was graduated from the'. University of California in 1913 i with a B.S. degree and was elect-- 1 ed to Phi Beta Kappa, national honarary scholastic society. He began work in the effici-ency department of the City of Oakland, but in 1914 became the cashier of the university. He became assistant comptroller in 1918, and in 1920 was named comptroller and secretary to the Regents. In 1925 he was appoinetd vice president of the University, still holding the comptroller's posi-tion. On July 1, 1930, he suc-ceeded William Wallace Camp-bell as president. Thus he be-came at 39 one of the nation's youngest university presidents, and one of the few who did not hold a doctorate. Fourteen honorary degrees of Doctor of Laws have been be-stowed on Dr. Sproul by many universities. He holds honorary Doctor of Literature degree from Columbia University and is an honorary fellow of Stanford. He became president of the Treasury Reports Sales of Bonds "During the first quarter of 1960 residents in the state pur-chased a total of $4,915,419 in U. S. Savings Bonds," Frank A. Wardlaw, Jr., Salt Lake County Bond chairman, said this week. "March sales alone amounted to $1,625,394 in the state. Of this amount, sales of E and H savings bonds in this county were $609,-79- 5, bringing our 3 months total to $1,958,378, or 24.9 per cent of our 1960 sales goal' Sevier County moved into first place in the state with 40.2 per cent of its 1960 goal already at-tained, the chairman reported. In discussing how Utah's record of continued investment in sav-ings bonds is benefitting the state the chairman noted that "yester-day's savings are being spent for today's wants; today's savings will be stimulating the economy tomorrow. So we volunteers in the Treasury's bond program like to say, 'The time to save and encourage others to save is al-ways Now.' " "Series E bonds worth more than $500,000 have been con-verted to current income Series H bonds under the new exchange program by Utah bondholders, according to Federal Reserve figures. This plan gives an indi-vidual the OEDOrtunitv t.hrmiffh the purchase of Series E bonds to set up a self administered an-nuity program without having to report E bond interest earned for income tax until such time as the H bonds mature or are redeemed probably at a time when the holder's income is down and ex-emptions have increased," Mr. Schramm pointed out. Civil Defense Unit Plans Operation Alert Civil Defense Training Exer-cise "Operation Alert 1960" is scheduled for May 3, 4 and 5. Governor George D. Clyde has instructed all department heads to report promptly at the Civil Defense Control Center, 1543 Sunnyside Avenue, when the alert is received and warnings sounded at approximately 11 a.m. on May 3. The 30 minute meeting at the Control Center will include a talk by Gov. Clyde. On May 5 at 9:30 a.m. the State Defense Council and heads of state departments will meet at the state control center for a briefing on the emergency and the situation facing Utah as a result of the simulated attack and resultant radiological situ-ation. Gov. Clyde, the Defense Council and department heads will discuss policy decisions and the actions necessary in order for the people of Utah to survive. In addition to these two meet-ings involving all departments of state government, a selected staff of workers will man the Civil Defense Control Center continuously during the entire exercise. They will be engaged in plotting the attack and radio-logical situation, damage assess-ment, relaying messages, and the various other activities necessary in an attack situation. ISEABACGSE Ease PAINS OF HEADACHE, NEURAL-GIA, NEURITIS with STANBACK TABLETS or POWDERS. STANBACK combines several medically proven pain relievers ... The added effectiveness of these MULTIPLE ingredients brings faster, more complete relief, easing anxiety and tension usually accom- - panyin8 pai"' S"P " against any 1 i V1 I preparation I fTQWDUlfT I you've ever II - used II ,,,7fCSSf lfood Housekeeping Vjj PICK A PHONB bright as Spring colorful EXTENSION TELEPHONES A "garden of color' awaits your choice . . . from rich tones of red or green, through soft middle shades of gray and beige, to bright modern pastels in blue and pink. so easy to order-j- ust call the telephone business office or ask your telephone serviceman. Mountain States Telephone ' 8 FLEISCH (ViAW VODKA lip THE WORLD'S MOST SUBTLE V0DKA...F0R PEOPLE WHO DON'T WANT TO BE OBVIOUS . . . it's your smartest Vodka buy! SO PROOF DISTILLED FROM 100 GRAIN NEUTRAL SPIRITS THE FLEISCHMANN DISTILLING CORPORATION. NEW YORK CITY School Attendance Shows Increase In S. L. District School attendance has increased 29.7 per cent in the Salt Lake School District since 1950, ac-cording to Statistical Abstract of Government in Utah, published recently by Utah Foundation. The 65 page reference docu-ment reveals that the average daily attendance in Salt Lake School District was 38,696 in 1958-5- 9 year, compared to 29,-82- 5 in 1949-5- 0. In the state, the average daily attendance in-creased 45 per cent, from 142,-27- 2 in 1949-5- 0 to 206,080 in 1958-5- 9. Since 1940 school attendance has risen 35.8 per cent in Salt Lake School District, the study notes. This compares with the statewide rise of 66 per cent for the same period. In the 1939-4- 0 school year there were 24,498 pupils in average daily attend-ance at the Salt Lake District schools. Another interesting fact in the foundation publication is that Salt Lake School District em-ployed an average of 1,312 class room teachers during the last school, year. When this item is related to the number of pupils in attendance, the average pupil teacher ratio in the district is found to be 29.4 pupils for each teacher. In the state the average ratio last year was 27.7. |