Show To Issue Two Million 6 6 Per Cent Stock 4 Stockholders of the Utah Power andr LIght company are being through In n the mail of a 0 fm et log to be tId on April 1 6 to amend n bylaws of the company to enable it t Ia make changes In the capital structure 0 the concern The contemplated change wilt will permIt the tho company to finance It o operations under much more adva melh methods than hils hae been under its lis present bylaws bylaw The conversion of ot present share ot fixed par value Into to stock k havIng no n I fixed par value la Is contemplated In no way affects the interest or of shareholder share share- holder who will retain their present stock certificate lIte and who will receive their the r. r Quarterly dividend In exactly the sale lamo amount a as th they y have ha done here here- be or of the company explain that the pew financial plan or of the corn com pany Is In ac accord ord with the accepted practice In setting up a sound Bound and mod mod- structure flexible t- t tto to meet changing In money markets In D. D way to 10 maximum or ad advantages Under g the e plan pIau a 0 stock heretofore I. I known sa a G 0 per cent Int of 01 a 7 per cent stock yielding at par value a a. dividend of 9 or 7 per annum u will hereafter b fi fior known g n a iro ir 6 o or 7 stock c yielding I re or 7 7 per annum but having no fixed par value it will b be classed e as n no- no par stock r Holder oW s of t converted rl d stock l k retain all the rights rl and advantages they j a held under the 01 old 1 designations ot of the They need not evel und send Ig In their old stock In exchange for tor new SImultaneously with the calling ot of this special stockholders stockholders' meeting It t was announced at the company general c offices I in Sal L Lake City that hat a new Issue Wn of 66 stock t amounting o to t will hs e offered tu to the public about the mill dIe or of April The y proceeds of t this stock sale wIll 1 be ex- ex expended edd tt In t the territory rylla served r by the company In completing the Cutler plant r and construction of the new two eighty h c t tal nor norI mile I line front American Falla al to the company's plant at wheelon a. a well I ac se for other additions aJl I s better menta and extensions of the property Ir With each laue or of the company's stock It Its physical property s In this Ii territory and pub puta new and additional physical values behind the stock alock p |