Salt Lake Telegram | 1939-02-16 | Page 3 | Memphis Agrees to Buy Utility Firm's Facilities |

Type	issue
Date	1939-02-16
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Rights	No Copyright - United States (NoC-US)
Publisher	Digitized by J. Willard Marriott Library, University of Utah
ARK	ark:/87278/s6cr9wfh
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s6cr9wfh

Article Title	Memphis Agrees to Buy Utility Firm's Facilities
Type	article
Date	1939-02-16
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Page	3
OCR Text	Show Memphis Agrees to Buy Utility Firm's Facilities MEMPHIS. Tenn., Feb. It (A The city of Memphis agreed early today to purchase gas and electric facilities of Memphis Power A Light company for 117.260,000. The T V A will pay 12.000,000 as Its shsrs of the purchase price In return for certain cer-tain of the utility's properties, i The price Is approximately $900,-, $900,-, 000 less than ths (18,127,000 offer made several weeks ago by the city and tacitly rejected by the company. com-pany. It is believed to have been reached after deductions were made for the work done aince then on the city's partly-completed electric syitem.
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s6cr9wfh/18773769