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Show Gas Firm Stockholders To Mull Amendment' Of Company Rules When stockholders of Mountain Moun-tain Fuel Supply Co. convene at their annual meeting May 10, they will be asked to vote on a proposed amendment to the company's 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 annual an-nual meeting of stockholders, which was mailed over the week end. The meeting is scheduled May 10 at 10 a m. at the company's com-pany's general office in Salt Lake City. H. C. Shoemaker, retired Sears Roebuck & Co. executive and recently re-cently the former chairman of the Utah State Welfare and Tax Commissions, and Charles Freed of Freed Motor Co., and Inter-mountain Inter-mountain parts Co., are the proposed pro-posed nominees as the two additional 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 chairman chair-man of the Utah Welfare Commission, 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., Westminster West-minster College, YMCA, Salt Lake Area United Fund, Community Com-munity Welfare Council, Salvation 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-mountain Inter-mountain Parts Co. in 1938. The former company distributes De-Soto, De-Soto, Plymouth, Valiant and Fiat autos in Utah and four surrounding surround-ing states,a nd the latter company 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 National Na-tional Automobile Dealers Assn. in 1954 and presently is member of the Association's board of directors. di-rectors. He also is president of the Utah Safety Council, chairman chair-man of the Auto-Industries Highway 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 incorporation, 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 stockholders, stock-holders, and to authorize the board of directors to fix the terms and conditions for the exercise ex-ercise of any pre-emptive rights of stockholders." Because of the rapid population popula-tion and industrial growth of the area served by the company, it will be necessary for the company, 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 offering offer-ing were determined by the board to be desirable and advantageous ad-vantageous to the company," the notice said. Its purpose is to permit per-mit the board discretion to offer new issues of stock either to stockholders or to the public generally, whichever in its judgment judg-ment will most benefit the company. com-pany. "If this discretion be granted, the company will be able to facilitate the sale of stock to take advantage of favorable market mar-ket conditions promptly, and to avoid the delay and the additional addi-tional expense incident to rights |