Salt Lake Telegram | 1939-08-22 | Page 19 | Utah Oil Company Opens Share Sale

UTAH OIL COMPANY OPENS SHARE SALE SALEAn I IAn An Issue o of shares o of common stock In the Utah Oil Oi Refining Refining Refining Re Re- fining company was made available to stockholders of record on Tuesday Tuesday Tuesday Tues Tues- day at 7 a share Each present shareholder is entitled to purchase seventh one-seventh of a share of the new issue A. A N. N Johnson Johnon vice vice president president president dent announced The sale limited to stockholders was made of authorized but un un- un- un issued stock It is expected to bring in which party partly will wi finance construction of o a mile mIe crude oil oI pipeline from Fort Laramie Wyo to Salt Sal Lake City Borrowing operations are expected expect expect- ed to raise the balance of needed money to finance the pipeline which is in process of construction Mr Johnson said