Show NORTH AMERICAN GAS AND ELECTRIC BUYS DIXIE POWER compana CA A majority of 0 the preferred and common stocks ot of th ho 0 dixie power Clomp company any has been by north american gas electric co which operates public I 1 utility companies electric service in Long longrier I 1 and morton morion vernonia Vern onla oregon and twenty six communities in elie province of 0 wan it also albo furnishes gas service aco in tacoma aberdeen ilo iio everett and a number ol of ether communities in the state of washington through an engineering subsidiary loeb shaw inc engineering projects during were undertaken in twenty eight states 0 of the union the acquisition of the dixie power company brings cedar city st george hurricane and ald a number 0 ol 01 other communities in southwestern utah under north american gas electric company system in the summer of 19 1929 19 W 33 foshay company secured an option an a large block of the common end preferred stocks of dixie power co from lafayette hanchell Han chelt of silt salt lake city and A L woodhouse ouse of 0 cedar city flossay company suase i tailed failed and tile the receivers to for it and its affiliated holding company being unable to ex belse its opton transferred ara sherred their right tt 0 purchase the shares to north american can gas gaa electric company there tg 19 no connection whatever between ibbe tre north american gas electric electr c company and tho the W B D bachay or affiliated interests north american gas elec ric company has in no way benefited directly or indirectly from the exchange of certain shares ot of di delc alo power company stock for or the public lithe cor Pre preferred frred and class A stocks nor has lt it any connection with any of 0 such stich exchanges it has lu ruchard rucha chased sd tor for cash a majority ot at sh irea of 0 of the dixie power company and through such pur hases bases lias has become the largest stockholder in the company there has boon been no change in the delzo power company it will be mara celd by local people and the tha majority na jorty of the board beard ot of directors will be residents lenta of washington and irn iran counties utah at a incel n ef ct the rixie pixie power company ull ul l in salt lake city on february a new flew temporary of off feers cers and dl il actors were elected shortly a per marant mir nt board of D rectors and boffl re ce a will be elected and announcement nade made of their selection |