Show ii Up and Down the Street ii Annual Meeting i Reelects Directors Directors' Ky nr Robert Robed V. V. V l All MI directors of the tIe Utah Power and Light Co have been reelected P at the annual meeting of the company com corn j 1 pany at Augusta Me it was announced announced announced an an- an- an Tuesday They Include Lafayette Lafayete Hanchett Hanchett Han- Han Hanchett chett Malcolm A. A Keyser Fred FredN Fredi i N A. A Moreton Stephen L Richards George R. R R Corey George M. M Gadsby Gads- Gads Gadsby i by J. J A. A Hale R. R H. H Jones all 11 of J Salt Sal Lake Ci City H. H A. A Benning Fred M. M Nye Nyc Ogden James E. E Graham RexI Rexburg Rex- Rex I. I i I burg Idaho and Charles Redd I La Sal Utah I Increase Stock 11 1 Stockholders also approved cd an Increase in the company's capital stock from to shares chares I I They also modified the preemptive preemptive pre pre- emptive rights right provision pro of the firms firm's charter permitting the company company com corn pany to sell sel additional common stock through public offerings or through underwriters without first offering the additional shares to current common stock holders There is a provision that underwriters underwriters underwriters under under- writers must offer any stock to toJ J the public promptly j Date of the tle annual meeting wast was changed from the first Monday t In October to the third Monday in May of each cach year i Renamed Clerk Cleric Ernest Erest L. L McLean of A Augusta August was renamed clerk of the com corn pany The directors will wil meet on Oct 18 to elect officers that Treasurer Jones reported 86 of the outstanding shares of stock of the utility were represented represented represented in person or in proxy at atthe atthe the Maine meeting Expect Claim Clam Plain and fancy or jumping claim is expected to result re result ye- ye sult cult as consequence of the end Sunday of the continuing moratoriums moratoriums moratoriums mora mora- on assessment work on patented mining claims The federal law requires that a year in work or money moncy be I expended on the claims largely as evidence of good faith that development devel devel- development nt is being carried carded forward forwald on the public domain But that law Jaw has been waived about 15 out of the 18 years year of its existence existence during during the depression of the and World Var War IL te Continued moratoriums were scheduled schedule to end June 30 of oC this year year but but another 90 days of grace was granted by congress to miners in which to expend the in I money noney or labor Jabor Failure to complete the assessment assessment assess assess- ment nent work leaves the claims open to filing fing by other parties partes The legal requirements requirement can be met also alo by on part of original claim caim holders however provided someone hasn't beaten them to it iL With exception of the Colorado Colordo Mining most mining groups in the United States have opposed the moratoriums on grounds the amount of money moncy is not great and some evidence e of intention of development de de- development de- de should be demonstrated Steel Orders Filled Fied Steel mills mis are entering the fourth fourt quarter of 1950 with virtually virtually vir vir- vir- vir no room whatsoever for booking of new orders Steel magazine magazine mag mag- magazine azine said Tuesday New Rates in Effect Revised insurance rates calculated calculated aled to save Utah drivers oUO annually went into effect Mon Mon- day The new rates cover both bOUl commercial commercial com corn mercial and private vehicles on which collision fire and comprehensive comprehensive compre compre- damage policies are writ writ- ten Reductions were applied for by bythe bythe bythe the National Automobile Underwriters Underwriters Underwriters Under Under- writers and granted by the he state elate insurance department Reports Mine Progress Paul H H. Hunt president of Plumbic Mines Co Tuesday re reported reported re- re reported ported the firms firm's incline shaft in inthe inthe inthe the Marysvale ale uranium district was in a little more than feet on the slope Miners are arc encountering an increasing Increasing in increasing in- in creasing amount of host formation for ura ura- I bearing mum ores he said About one half of the face 1 Is Isnow Isnow now made up of fragment fragments frag frag- ments s ment Mr Ir Hunt reported Reports on Deposits Deposit Maple T. T Hail Harl chairman of the Federal Federl Deposit Insurance Corp Tuesday reported deposits deposit of al all al insured commercial and mutuaL savings sa banks amounted to on June 30 1950 Firm Honors Veteran L O. O Bingham 2nd ave was wa as the guest gest of honor at a party part at the Hotel Utah Monday evening to celebrate his o 40 0 years' years service I with the Mountain States Telephone Telephone Telephone Tele Tele- phone and Telegraph Co Friends and representatives of the company company com corn pany awarded Mr Bingham a 40 year pin to mark his service servie to the firm |