Iron County Record | 1951-03-22 | Page 9 | Co-Op to Retire Interest Certificates for 1944

Co-cd to Retire Interest Certificates for 1944 A total of $3-12.030 will be (lis-tributi'il (lis-tributi'il to members of the l ! ah Poultry and Farmers Co-opera-tie starting this week, aeeonl-inn aeeonl-inn to C Kearns Ferre, assistant secretary of the co op. Directors of the tiOOO member poultry cooperative voted recent- lv to retire all certificates of in- I terest for 19-11. Checks for Slt.'.l.-l.')0.11 Slt.'.l.-l.')0.11 are being prepared by Or-1 thur Woods, officer manager of i the poultry association. The checks will be sent to the L'ti branch managers in I'tah and southern Idaho for distribution to members. In addition new certificates of interest in the amount of $172.-SSO $172.-SSO are now in the hands of the branch managers to be passed along to members. These certi-, ficaies of interest represent in-J vestments by members in their j association during the past ear at the rate of one cent per dozen e-gs or 30 cents per case of egg-The egg-The certificates are the member's mem-ber's investment in the capital structure of the cooperative. The certificates issued become part of t lie revolving fund and are l 'tired at face value over a even-ear cycle. Interest on jthe certificates is paid'annual'y. Many of the I'tah Poultry (members will receive checks ranging up to $.100 and SiOO dol- lars and new certificates of in-j in-j terest for approximately the I same amounts, according to Mr. Ferre.