Ogden Standard-Examiner | 1922-11-28 | Page 3 | Insurance Company May Reorganize

INSURANCE COMPANY MAY REORGANIZE SALT LAKE. Nov 28. While reports re-ports on file In the office of the state insurance commissioner show that ton stock of tho Guardian Fire Insuranco company. 11" liquidated, would brim; tlif shareholders between $12 and $-13. and while the stockholders have oted to reinstate all outstanding pollcb-s, and liquidate, there Is stll! a determined effort on foot looking to the reorganization of the company by possible purchasers of 61 per cent of the stock at $7 a share. Various officers of the company are now negotiating to see If this offer cannot h extended to every stockholder. stock-holder. Instead of to owners of only one-half thy stock. The action of the stockholders In directing the directors to proceed with tho liquidation of the company, reinsuring rein-suring the outstanding risks, was taken November 13. At the same meeting some new timber was place i In the directorate The office, nf n res ident also was filled by E. P. Ellison of Layton, who had long been vice president of tho company, and R. L Fish burn of Brlgham was made vice president. As a matter of fact thcr.; had been virtually a vacancy, ln tho office of president for sonic time It had formerly been hold by D. R. Eccles of Ogden. who resigned when he moved to Portland A. C. Ellis. Jr. of this city wns chosen ln his place, according to some officers, but he resigned from the directorate some months ago The stockholders November Novem-ber 1 also named D. L. Evans or Malad, for secretary of the compan replacing Walter Cox, not a director. who had been secretary' for many years. i DO