HomeMy WebLinkAboutC.P. American 10/27/1955Stock .holders in ~~ farmer
Central Point . utuHi ~`elepone
Co. `will receive shacks of $56
Tate this week iri the final liq-
uidation of assets.
A total of 58T checks _ will be
issued to stock holders. W . B.
Kincafcl, faraner director and one
of the liquidation trustees, re-
ported that the total payoff to
#o+~r~jmAe}r] /hryolders would amount to
a~1~367yg dit.VV. - .
In addition to the payments
to stock holders, #inal payments
will be made to the gavernment
tax agencies to complete the liq-
uidation of the former utility.
The local company ceased op-
eration April' 2, i9S5, . s-ft~~ The'
Pacific 'l~elephbne ~ ~legrag~h,
Co. dial systerri w~tlt irate opera4
Lion in the town.
P~'&T purchased a ladrtion of
the Central _ Point firzrt and in-
stalled V ~ new dial telephone
systert9. Equipment and other as-
sets of the local company `have
been sold over the past months
#o complete the liquidation,
C. P. American 1955