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Show HANSEN COMPANY REORGANIZED UNDER NAME OF 'UTAH MILLING & FEED YARDS CO'; TO REBUY MILL AND FEED YARDS About seventy-five stockholders from Utah and Idaho attended the recent re-cent special meeting of the Hansen Livestock and Feeding company. A large majority of the capital stock was represented by stockholders In person. What action was taken is told In the following statement Issued by George E. Sanders, manager of the company: "The stockholders unanimously ap proved the plan of tho directors ror reorganizing and refinancing the business busi-ness of the company and authorized a new issuo of preferred and common stock to facilitate carrying the company's com-pany's plans Into effect. The capital stock of the company was decreased from $1,500,000 to $650,000 and the name of the company was charged and will hereafter be "Utah Milling and Feed Yards company." The stockholders adopted a resolution resolu-tion that the policy of .the company be (to confine the business of the company com-pany to the milling and manufacture of livestock feeds and the conducting of feed yards for Its stockholders and the public, and to the finishing of livestock for tho local market and packing house, and for such other markets as want a supply of fat livestock. live-stock. "A new board of directors was elected, consisting of Adam Patterson, vice president and director of the Commercial National Bank of Ogden; W. P. Dickey, president -of the Livestock Live-stock State Bank, Portland, Oregon; H. B. Duff, a treasurer of the Portland Cattle Loan company; Frank Metcalf, a wholesale grain dealer of Malad, Idaho, representing the .stockholders who are mostly livestock raisers In that vicinity; and S. W. Parkinson of Logan, Utah, a livestock grower of Utah and Idaho. A place was reserved on tho board of directors for Jame Brennan, of the Ogden Packing and Provision company to represent that interest and a place was reserved for the Ecclcs interests, and a place also reserved for one of the new subscribers, subscrib-ers, whowill bo named later." The stockholders approved of a proposition pro-position to repurchase its mill and feed yards that were heretofore pledged pledg-ed to James Pingree so as to tako care of numerous creditors. The Interests of Mr. Pingree were assigned to the Consolidated Milling and Feeding company, which company have agreed to deed the mill back to the Utah Milling Mill-ing and Feed Yards, which is tho now name of the Hansen Livestock and Feeding company. Tho stockholders also authorized the sale of the company's ranches and such other Teal estate as is not used In connection with Its feed yards and milling business, at such time as thoy can be sold to advantage, and fifty per cent of the proceeds of such sales, after first paying the obligations of tho company, will bo distributed among tho subscribers to tho new issue is-sue of prcferreu stock. The stockholders stock-holders endorsed tho refinancing plan and the manner In which tho new Issue Is-sue of stock will bo subscribed by stockholders creditors and others n'atn ne preference in tho order IBSK The stockholders created an advi- KsES sory board who shall be persons faml- Hm liar with tho company's business of HBw milling and feed yards, and also fanii- KSfi liar with its ranches, so that when KSB called upon they shall be an appraise- BPS ment board, and as members of this Hfnl board, Chris Wangsgard of Huntsville Utah, Lars Hansen of Ogden, and John HQ Flint of Kaysville, Utah were named KEH Adam Patterson will continue as Hsfi vice president of the company and Hr&KB George E. Sanders will continue as Bll manager of the company and H B Eh Duff as treasurer of the company'" RmSE |