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Show 1 HOTELBOARD INSTRUCTED TO GOAHEAD ',' Construction Work on New Hotel If To Be Recommenced M Very Soon. m , , , I COMMERCIAL CLUB TO I AID STOCK SALE DRIVE 'I' 1; Estimated That Thirty Thousand Dolars Will Pay Off All Incurred Obligations and Complete the Hotel Ready for the Plasterers. Tho President of the Commercial club was authorized and instructed' at a recent meeting to appoint a committee com-mittee of at least ten to cooperate with the board; oi directors of the new ! hotel companion selling stock of the ' company nwrgnthering funds with ! which to complete the hotel. He ap pointed the following named citizens on that committee: L. W Jones, Dr. M. J. Macfarlane, Francis Middleton, John H. Fife, Jethro Palmer, Richard A. Thorlcy, Walter K. Granger, Thos. J. Jones, Samuel W. Leigh, u David Bulloch, I Bert Wood, c Albert Lundpll. ! This committee has met and organ- ized and is already at work on the problem of getting the funds. A booklet book-let setting forth the hotel situation in Cedar and the present proposition is being prepared to help the committee ! in getting the matter before the citi- - zens in a comprehensive manner. The stockholders of the new hotel inmnniiit mnf In tVinir nnrmnl mpntint company met in their nnnual meeting in the library auditorium last Monday night. After tho reading of the call for the meeting and' tho minutes of " the last annual meeting, the report of the secretary-treasurer for 1020 was read. It showed that $46,027 has been expended on the new hotel to nate. A supplementary report showed that $68,619 of stock had been subscribed " in the company, of which ?15,:$54 has been paid up. It was reoorted to the meeting that there is enough materials ; on the ground to put the roof on tho ' hotel, and that about $30,000 is needed to pay off all debts and complete the i , building ready for plastering. in Tho matter of electing a -new board of directors was taken up and a motion mo-tion was made, seconded and carried unanimously to reelect tha old board with the exception of II. E. Anderson. , who had resigned as director. T. J. i Jones was elected to fill this vacancy. The bonrd as elected for the new year 1 ' ' consists of: E. M. Corry, David Bulloch, W. II. Leigh, II. II. Lunt, John P. Fuller, Lafayette Hanchctt, T. J. Jones. E. M. Corry, president and presiding, presid-ing, reported that he and R. L. Jones, S secretary of the Commercml clue, hid I just returned from Salt Lako City, where they had been investigating the prospect of leasing the new hotel as soon as it was completed, and thnt aniong the offers, vh'ch guaranteed the stockholders fair interest on their ( ' stock, ho considered tho otter of i George O. Rclf, manager of the Hotel OT Utah, as the best. JTh In tho discussion of ways and means for getting funds for completion of tho hotel, J. P. Fuller MiBRcstcd thnt tho two offers of Salt Lake citizens represented by the Salt Lake Commercial Com-mercial club be presented to tho stock-l stock-l ' holders for consideration. Tho first of- ' fer wns that Salt Lako would fur- i. nish $50,000 to complete tho hotel if , . Cedar City peoplo would first raise L $100,000. The other offer was that Salt Lake capitalists would pay tho 3' , " " present tockholders $60,000 for their interest in the building and company and complete the hotel themselves. Both offers were conditioned on tho elimination of all local competition with tho now hotel. Mr. Corry in answer an-swer to a question stated that the offer of tho Bankers' Trust Company, to advance $50,000 to complete the hotel as soon as $100,000 had been spent on it, wns still open. Tiie sense of tho meeting was that one more effort should be made to get (enough local capitnl and n motion wns passed unanimously instructing the new 1onrd of directors to proceed with the help of tho Commercial club to canvass tho town for new stockholders stockhold-ers and get tho money and proceed to complete tho hotel without further delay. |
