Word: optionals
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...Days. Already they had an option to buy Lone Star for $7,500,000 (with no initial down payment), and three of the Oklahoma mines. But WAA insisted on additional operating capital of $1,000,000, to be raised within ten days. So Carpenter & friends organized a financial posse, struck out for the red clay hills around Daingerfield. At crossroad gatherings and town rallies, they sold thousands of shares of stock, got some $100,000 from Longview (pop. 13,758) alone...
Sighs a top comic: "I'd give my next year's option to get Garbo...
Today the forces of good government are driving for revision of the City's charter and a change to a city manager form of government. in Massachusetts, any city but Boston has the option of choosing "plan E" after Petitions have put it on the ballot. Headed by the League of Women Voters, civic groups across the Charles are trying to push through the legislature a bill that would give Boston the same right. In spite of a defeat last year in the legislature, the President of the League holds high hopes for her bill this year. She points...
...presiding bishop of the Episcopal Church has an office (in Manhattan) but no diocese-and no official house to live in. To remedy this situation the church this week announced that it had taken an option on a 98-acre, 18-building estate in Greenwich, Conn...
...control of TACA, Waterman 1) bought half the $1,000,000 worth of convertible notes TACA has issued in a new financing program, 2) got an option on two-thirds of the 18.2% stock interest in TACA owned by T.W.A., plus an option on stock held by other interests. Waterman also got an option on TACA's remaining 290,086 shares of authorized but unissued stock. When it has exercised all its options, Waterman will hold.well over 500,000 shares, better than 25% of the company...