Show Taylor Delhi Taylor Considers Liquidation Stockholders of Delhi Tay lor for Oil Corp will meet May 22 in Dallas to consider the tale sale of the company assets and liquidation of the com com- company pany The firm has been active locally in exploration for potash potash potash pot pot- ash and statewide In natural gas development One of ot the tho three proposals to be placed before stockholders will In Involve In volve valve future operation of the tho company within this state The main maln consideration willbe will willbe be the sale of substantially all aU of Delhi's Delhi assets An agreement with ceo eco Oil Co and Continental Oil Co that has a closing date of June 1 I and a price tag of will be the first proposal considered Involved are producing and pot potential petroleum properties Another agreement pending ratification is with Texas Gulf Sulphur Co Involving the sale of the British Canadian HoldIng Holding Hold Hold- ing Co a subsidiary of Del Del- hi Taylor The final proposal which Is la also subject to a 11 tax ruling roling w assign all of Delhi Delhi- Taylors Taylor's retained assets to anew a anew anew new concern Utah Minerals Corporation The retained ed Interests Interests In In- would include those from the Tenneco-Continental Tenneco transaction Canadian production tion payments profits from the r deal with Texas Gulf Gull Sulphur for Utah potash production and other Rocky Mountain mineral in in- |