| Show MAKING home acceptance corporation increases capital to the home acceptance corporation a local finance institution whose main business is the handling of automobile paper is growing so rapidly and the demands made upon the corporation are so great that it becomes necessary to increase the capital stock in order to satisfy all demands A meeting of the directors of the corporation was held wednesday november 6 at which were present 0 B berglund of gunnison president arthur whittaker of circleville Cir cleville vice president vern pace of richfield thomas sevy of panguitch james johnson of glenwood and A L anning general manager the directors decided to raise the capitalization from to by issuing in preferred stock divided into shares of 1 the preferred stock carries eight p per er cent interest payable quarterly in two per cent allotments A stockholders meeting of the horne home acceptance corporation will be called as soon as the necessary legal requirements have been taken care of and after the decision of the directors is ratified by the stockholders the stock will be issued we are informed that the demand bior for it is so big that the issue will be over subscribed |
