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Show TEL11IDE POWER I COMPAWY ELECTS . I TELLURID15. Colo.. Oct. 2. It became H known today that stockholders of the Tellurldo Power company met here yes-tcrday yes-tcrday and elected directors. The new 1 directors Immediately voted to dissolve the corporation and sell the company to the highest bidder for a sum not less than $525,000. The holdings will be bought In by St. Louis and Cleveland 1 capitalists who have secured control of a majority of the. stock. A. meeting of directors and stockholders will be held at Salt Lake City tomorrow to complete plans for tho dissolution and reorganization. It was announced here .today that at this meeting the slock-holders slock-holders probably will vote lo Increase the capital stock from $10,000,000 to $20,000,-000, $20,000,-000, the increase to be In the form of 7 per cent cumulative, non-voting pre-f pre-f erred stock. The following are the directors elected at the meeting yesterday: S. A. Bailey. Suit Luke; James Camp- lfl bell, St. Louis; Markham C'hceves. B. 1 A, Cummlngs, Otto Miller. Cleveland; Charles E. Nlles. Cleveland: P. N. Nunn. 1 Provo, Utah; J, R. Nutt, Cleveland; 1 Daniel R. Purdy,' New York; P. B. Saw- H yor, F. F .Stclgmeycr, Salt Lake: William Story, Ouray, Colo., and George P. 1 Thomas. The new officers are: HJ J. R. Xutt, president: P. B. Sawyer. flfl vico president and general manugfr; HJ George Lomnltz, Cleveland, treasurer, Charles R. Nlles. assistant treasurer: David T. Perry, Cleveland, secretary. |