OCR Text |
Show Power Company Holdings Ordered Distributed by Federal Court Judge Judge Coxe, of the Federal Court of southern New York, has signed a formal order confirming the plan of distribution of the common stocks of Washington j Gas and Electric Co. and the Southern Utah Power Co.. according to a telegram received yesterday from Thomas S. Hale, attorney for the bondholders of the Washington Gas and Electric Co. The Court has also confirmed the appointment of a new. separate Board of Directors for each company. The Board will take office and operate the properties when the common stock has been distributed. It is planned to expedite the distribution of this stock as quickly as possible. |