Show Moon Lake completes stock purchase Moon Lake Electric last week completed the details of the purchase of approximately 97 percent of the outstanding common stock of the Uintah Power and Light Completion of the purchase climaxes a series of negotiations which began over a year Money to complete the financing of the stock purchase was obtained through a loan from the Nationwide Insurance Companies of A SPECIAL Uintah Power and Light Company Board of Directors meeting was held on August at which time the details of the stock transfer were and resignations were accepted from two incumbent board with two new members being appointed to fill the vacancies so created until a stockholders meeting can be A reorganization of the Board of Directors resulted in election of Ray C. L. vice Cliff treasur William Mountain and Marlon Kenneth R. remains as secretary manager of Uintah Power and Light IT IS at the present that Uintah Power and Light Company will continue to be operated much as it has in the the ultimate aim with respect to the purchase by Moon Lake is that an eventual merger of the two systems shall There are many operating which have a direct bearing on consumer that can result from a merger and complete integration of the physical facilities of the two Moon Lake and Uintah have been operating under an and Interchange Power for over a year and economies have resulted from this Additional economies can result through amendments to this present These i changes must ibe by the Public Commission of the State before the can be pu into q IT IS THE INTENT of th Board of Directors of and of Moon Lake that th events of last week shall letu to the best possible electric service at the lowest rates consistent with sound op for the whole |