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Show Volume Eureka, Utah Seventy-Fou- r i December M, 1D79 R1(i28 Mining (cempsiiv may Chief Consolidated Mining Co., which closed up in the Tintic Mining District 22 years ago, may have a major reopening soon. Chief President Leonard Weitz said the company had been in contact with several major firms considering takeover of the lease and operations in the East Tintic unit. Kennecott Copper Corp. has operated the lease for almost 20 years with little success on a contract with Chid and two other owners. In early November, Chief was bouyed fay an agreement in principle under which Asarco Inc. was looking at the possibility of leasing ,000 of Chiefs acreage in the center of the district and reopening and operating four of its closed mines. But the essentially happy outlook turned controversial at the end of the meeting as Mr. Weitz engaged in a spirited exchange with would-b- solicited more than 10 shareholders, saying additional proxies had been assigned to his election without his knowledge. He said he would have accepted the vote outcome without issue but for Mr. Weitzs and Mr. Howards allegation of an extra-legsolicitation. He said it was entirely proper for the largest single stockholder interest to be represented on a board, whose directors now only account for 40,000 of Chiefs outstanding 2,874,268 shares. Mr. Weitz countered that the relatively small holdings of present officers and e director Philip Stoller, Mill River, Mass. Mr. Stoller, whose wife and son hold the biggest 150,000 shares of Chief delivered 327,850 single ownership share and proxy votes on behalf of his own as a director. But when Salt Lake stockbroker George John Potter seconded Mr. Stollers nomination and utter praise for both present management and Mr. Stoller, Mr. Weitz and brother Howard Weitz, attorney for the firm, issued a stormy denunciation of Mr. Stollers nomination. Not only was Mr. Stoller 10,000 votes short of gaining a directors seat, ' declared Howard, but his votes would be invalid anyhow. The declared reason: Mr. Stoller had solicited more than 10 persons, for proxies in violation of Rule 14A of the Securities and Exchange Commission. To have the votes validated, he would have had to make a more complicated and extensive disclosure under Rule 14B, Howard said. Mr. Stoller vehemently denied having self-nominati- on Historically, the district c, Training and personnel includes the ability of the members to man and operate the equipment to effectively extinguish any type fire, rescue casualties, and to maintain an ongoing training and equipment maintenance program which will guarantee these ini request from Maurice Jones to purchase property adjoining his property but belonging to Juab County, was approved by the Juab County Board of Commissioners at last week's meeting. Jones was asked to meet with the commission to determine a fair price. Commissioners Garrett and Williams reported on the meeting in Fillmore on Nov. 28. The meeting was held to discuss the proposed MX missile project. A public meeting has been scheduled for Dec. 11, 1979, in the Juab High School auditorium for discussion of proposed uses of the Juab High School building and surrounding buildings and ground, according to Commissioner Williams. It has been proposed that the buildings and grounds be used by Juab County, Nephi City and Nephi, Utah LDS Stake. Stake, city and county officials Will be present at the meeting. Wayne LeBaron, Six County District health director, met with the commission to discuss the impact of the porposed MX missile project to the capabilities. The departments are rated on a scale from 10 to 1. The rating is based on points of demerit The higher the rating number, the lower the rating. area. He expressed a desire to become involved with other local officials in this problem be taken not only by the members, but seriously, the entire by community. suggest - ' . $ , i . i i The. next regularly scheduled meeting will be on Jan. 14, at 7 p.m. At meeting, new officers will be elected for the upcoming year. All members are urged to attend. this of a state funding ceiling on the job, the A Garbett and department officers . Fbods Co.; Brown University geology professor Thomas A. Mutch, and Jens H. Jebsen, vice president of the International Banking Department of Bankers Trust Co. Mr. Jebsen is a new member of the board, succeeding Louis Zinman, who resigned. 0o ini missis seDDs ood to citizen assigned a rating of seven in 1958, and since that time the areas insurance rates have been based on this rating. However, the last inspection dropped the rating from seven to eight. This will increase the insurance rates in some instances, in the area. unless certain requirements are met. If the department is allowed to continually deteriorate, as it has in the past five or six years, the rating will continue to kop and all of the insurance rates will be affected. It is possible to correct the shortcomings which constituted this rating change, but it will take time, money and the participation of every fire department member. A questionaire was recently sent out to the members for input to stimulate this participation and, as usual, there has been little response. Chief Bill ' also is treasurer of Allison Manufacturing Co., division of Beatrice who potential surface value of some 4,000 to 5,000 Chief acres that might be turned to real estate development if, indeed, major mining resumes in the district, Eureka Fire Department was equipment er a considerably higher value emerges, he said. Discussion also turned to the Inspection shows fire station deteriorating This was the finding of the Insurance Services Office following a recent inspection. The Insurance Services Office is the organization that inspects and rates all fire departments in the state, to determine the insurance rates which are applied by fire insurance companies in each area served by the individual fire departments. The inspection was conducted in three basic areas: facilities,' equipment, training and personnel. Facilities include fire hydrants, trunk lines, water and equipment storage, and the capability to deliver a specified amounfof water in a given time limit, with no adverse affect on the city's culinary water requirement. Equipment includes pumper trucks, tanker trucks, hoses, nozzles and all other general fire fighting and rescue had produced some $49 million of lead-zinsilver and gold at then prevailing values, said Mr. Weitz. If one extrapolated those values of ores produced and potential ores in in terms of the sharply inplace creased present prices of those metals Ken-necot- t's . one-tent- just-issue- means directors and if the Intermountain Power Project 40 miles to the south, and the Air Forces MX program are approved. Mr. Potter hypothesized a worth of $7 a share in real estate, based upon a market value of $4,000 an acre for the Chief holdings. Mr. Weitz said Eureka, in the center of the district, once had a population of more than 7,000 in its boom days of the h 1920s compared to about of that now. And unless there were buyers Chiefs surface real estate was relatively worthless, he said. Board members elected included: Leonard Weitz, a certified public accountant based in New York; Bradbury K. Thurlow, senior vice president of Abel-NosCorp.; Edward R. Schwartz, Chief's secretary and treasurer, c, management holds a dispassionate view of the company a philosophy endorsed by the Securities and Exchange Commission. Mr. Stoller, who termed himself a retired investor, was a director of Chief until 1973. He said he would consult with his attorney before considering any action against Chief management. And as the meeting ended, he and Mr. Weitz indulged a farewell handshake. Mr. Weitz declined to say who might be interested in the east district and the trouble-plague- d mine, Bergin lead-zin- c which Kennecott closed last year. It is known, however, that Tintic Division has invited lookers. Among those on the property this week was a study group of Pamour-Porcupin- e Mines, the 47 percent-hel- d subsidiary of Noranda Mines Ltd., Toronto. Pamour-Porcupin- e and Noranda are the 50-5-0 venturers who this year took over the Anaconda-Asarc- o joint venture with intent to reopen the Ontario Mine and mill of United Park City Mines Co. in Park City. Hie Ontario Project will be putting $14 million into that operation. However, Noranda and Paramour-Porcupin- e are far from any decision about Tintic yet, Malcolm Slack, Paramour-Porcupin- e mine manager told The Tribune Friday. HO raimpeini If Noranda and Parmour-Porcupin-e were to joint venture lease the Bergin Unit, alone or with associates, it would not only involve the Bergin Mine, but the currently operating Trixie Mine and the redeveloped Water Lily Mine as well, he said. Much of the meetings discussion turned to the geologic anatomy of the district and the promises of its resurrection as a major producer of lead-zinsilver and gold. And much of that derived from a d thick, study of the U.S. Geological Survey. al ' Number planning for health problems created by an influx of people to Juab County. He also reported to the commission that he is very impressed with the work of county public health nurse Shirley Lester A hearing was set for Jan. 7, 1980 at 3 p.m., for the purpose of discussing a subdivision proposed by Dr. Blake Gamble and Gerald Schmidt. Location of the subdivision would be near Mona. A request from the East Juab Ambulance Association for $2500 to purvan plus chase tires for the back-u- p was new some approved. equipment County Attorney Donald J. Eyre, Jr., presented an amendment to the contract for the construction at a road to a coal loading facility near Levan. The road was originally to be built to county specifications after which it was to be maintained by county crews. Because had to be lowered. The amendment was signed by Chairman Garrett. a Commissioners approved for nominal a resolution setting salary members of the Juab County Hospital original specifications Board. Leon Winter met with the commission to request permission to put cabs and roll bars on the weed spraying and the fire truck in Mammoth. He was asked to contact Greg Newton, county fire warden, and see if he could help with the problem. At 4 p.m., a special hearing was held concerning the 1980 revenue sharing budget. No private citizens attended the hearing. The revenue sharing budget was approved as advertised, with $50,000 budgeted for repairs to the hospital heating system and $41,945 budgeted for road equipment. Kelly Taylor and Milton T. Harmon presented the final plat map for the proposed subdivision near Mona Reservoir to the commission would sign the plat map. it was determined that they still needed several signatures before the commission would sign the plat map. In addition, they were informed that lot ownr signatures must be notarized. On the agenda for the next commission meeting, are meetings with the Department of Transportation, with Louise Harrison of the Water Quality Board and with Rex Stanworth of the Intermountain Power Project. The temperature on your home freezer should be kept at OOF or below. ' One inch of rain contains the same amount of water as 10 inches of snow. Petitioning the government, or lobbying, is not only a first amendment right, it is a first order responsibility of all Americans. |