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faur Two
Foreign Press Group
Fleets Horowitz
General Secretary
NEW YORK, (WUP) — The
Foreign Press Association, con
sisting of some 200 foreign cor
respondents from all regions in
the world, this week unanimous
ly elected The Southern Israel
ite’s UN correspondent David
Horowitz its General Secretary
succeeding Zivko Milic of Bel
grade, Yugoslavia.
Mr Horowitz, who also repre
sents a number of foreign papers
in Canada, Italy, South Africa
and Israel, has been an active
member and an officer of the As
sociation for the past eight years.
George Fcnin of Italy was elec
ted president succeeding Hans
Steinitz of Switzerland; Wlady-
slaw B. Pawlak of Poland was
elected assistant general secre
tary, and Stanly Mays of the
London Daily Mirror, treasurer.
UN Secretary General U Thant
was added to the list of honorary
members.
LEGAL NOTICE
APPLICATION FOR AND ORDER
GRANTING AMENDMENT
GEORGIA
FULTON COUNTY
TO THE SUPERIOR COURT OF
FULTON COUNTY, GEORGIA
The Petition of Crown Investment
Company, Inc. shows:
1.
Petitioner, whose principal office is
in said county, was incorporated in
Fulton County, Georgia, by this Court
on the 13th day of February, 1961.
2.
Petitioner’s original charter author
ized a maximum capital of Fifty Thous
and ($50,000.00) Dollars to be divided
into two hundred fifty (250) shares xst^
class “A” common stock, having a par
value of One Hundred ($100.00) Dol
lars per share and Two Hundred Fifty
(250) shares of class “B” common stock,
having a par value of One Hundred
($100.00) Dollars per share.
3.
Petitioner desires to amend its
charter so as to authorize a maximum
capital of Five Hundred Thousand
($500,1)00 00) Dollars to be divided into
Two Thousand Five Hundred (2,500)
shares of Class “A” common stock,
having a par value of One Hundred
($100.00) Dollars per share, and Two
Thousand Five Hundred (2,500) shares
of Class ”B” common stock, having a
par value of One Hundred ($100 00)
Dollars per share.
4
All other present and existing pow
ers, terms and conditions of Peti
tjoner’s charter shall remain in full
force and effect.
5
All of Petitioner’s stockholders have
unanimously adopted an appropriate
resolution authorizing this charter
amendment at a special meeting of
stockholders called for such purpose
as shown by the Certificate of Peti
tioner’s Secretary attached hereto
and incorporated herein as Exhibit
"A”.
WHEREFORE, Petitioner prays that
its charter be amended as herein
above set out in accordance with the
liws of Georgia.
Morton P. Levine
Attorney for Petitioner
Morton P. Levine
1240 CAS National Bank Building
Atlanta 3, Georgia
J A. 1-1624
EXHIBIT A
I, Rosa Harris, do certify that I am
Secretary of Crown Investment Com
pany, In£., and at a special meeting
held on ^January 5, 1962, at which all
of the outstanding stock was represent
ed in person, the following resolution
authorizing a charter amendment and
the foregoing Petition was unanimous
ly adopted:
RESOLVED: that the charter of
Crown Investment Company, Inc. be
amended to authorize a maximum
capital of Five Hundred Thousand
($500,000 00) Dollars to be divided into
Two Thousand Five Hundred (2,500)
shares of Class ‘‘A” common stock,
having a par value of One Hundred
($100.00) Dollars per share, and Two
Thousand Five Hundred (2,500) shares
of Class “B” common stock, having
a par value of One Hundred ($100 00)
Dollars per share; and
RESOLVED FURTHER that the offl
cers and counsel for this corporation
are hereby authorized and directed to
obtain an amendment to this corpora
tion’s charter in the foregoing re
spects.”
IN WITNESS WHEREOF, I have here
to set my hand and the corporate seal,
this the 5th day of January, 1962
ROSA HARRIS, Secretary
ORDER
The foregolsg Petition of Crown In
vestment Company, Inc. to amerf# its
charter so as to increase the author
ized capital stock of said corporation
from Two Hundred Fifty (250) shares
of Class “A” common stock, having a
par value of One Hundred ($100.00)
Dollars per share, and two hundred
fifty (250) shares of Class ”B” com
mon stock, having a par value of One
Hundred ($100 00) Dollars per share,
to a maximum capital of Five Hundred
Thousand ($500,000 00) Dollars to be
divided Into Two Thousand Five Hun
dred (2,500) shares of Class "A’ t com
mon stock, having a par value of One
Hundred ($10000) Dollars per share,
and Two Thusand Five Hundred (2,500)
shares of Class “B” common stock,
having a par value of One Hundred
($lt000) Dollars per share has been
read and considered. It appearing that
the requirements of law have been
met.
IT IS ORDERED that Petitioner's
charter is hereby amended as prayed
for In said Petition.
This the 17th day of January, 1962
LUTHER ALVERSON,
Judge, Superior Court,
Atlanta Judicial Circuit
Jan. U. F*b 2, $, U
TIIE SOUTHERN ISRAELITE
Friday, January 26, 1962
—
Investments—
—In Israel
SELECTED TEL AVIV STOCK EXCHANGE QUOTATIONS
JANUARY 11, 1962
Nov. 1960
- Oct.
1961 Ronds ($ linked, percentage of face
value)
High
Low
100
1/8
90 3/4
National Oil, 5% conv. deb 62/71
96
106
3/4
98 1/2
Fertilizers and Chemicals, 6%
deb. 62/71
100
7/8
106
95 3/4
Gen. Mortgage Bank, 6% deb. 62/71
102
1/8
Shares ($ per unit*)
8
3/8
6
Fertilizers and Chemicals
6
13
1/4
8 5/8
“Ata” Textile, Common “B”
, (25% tax limit)
< 7
7/8
15
5/8
11 3/8
Assis, Common “B”
13
3/8
12
5/8
8 7/8
Am. Israeli Paper Mills
7
7/8
21
16 1/8
“Delek” Israel Fuel, Common “C"
(25% tax limit)
15
25
3/4
17 7/8
Bank Leumi
17
1/2
25
5/8
12
Gen. Mortgage Bank (25% tax limit)
11
5/8
23
7/8
14 3/8
Bank Leumi Investment Common “B”
15
1/8
18
16 1/2
Ellerns Investment
16
5/8
13
1/8
8 3/8
“Rassco” 8% pref.
7
7/3
‘Prices are given for one unit of 10 shares of one Israeli pound
per share.
CARBON BLACK
A S3 million plant for the
manufacture of carbon black,
with patents, plans and know
how supplied by the United Car
bon Company of Houston, Texas,
will be erected in Haifa by Is
rael Petrochemical Enterprises
Ltd. Carbon black is by-product
of oil refining used principally
in tire production.
The plant will be completed
by the second half of 1963. It
will have an annual capacity of
20 million pounds at the start.
Israel Petrochemical Enter
prises Ltd will be the sole own
er, responsible for all domestic
sales under the United Carbon
label. Carbon black for export
will be sold abroad through
United Carbon’s sales organiza
tion.
The Israel concern is also
building a 12,000 ton per year
ethylene plant, a 6,000 ton per
year polyethylene plant and a
6,000 ton per year detergent
alkalite plant.
United Carbon currently pro
duces carbon black in the United
States, United Kingdom, France
and Austrailia. A Venezuelan
Plant is also under construction.
About 95% of total carbon black
production is used in the tire
and rubber goods industries im
parting toughness and durability
to the products. It is also used
in thy manufacture of inks and
paints and as a coloring agent
in the paper and plastics indus
tries.
HOUSING
Good prospects for mobilizing
capital from prominent Ameri
can insurance companies in ord
er to finance housing programs
in Israel were reported recently
by Dr. Giora Josephthal, Minister
of Housing.
The capital will be invested
through American Associates Inc.
a Jewish investment company
by means of mortgage and other
guarantees of the Jewish Agen
cy. The first agreement within
this framework was concluded in
mid-December with a SI million
investment by American Asso
ciates; together with four to five
million dollars by insurance
companies.
Further agreements along this
line are expected in the near
future. It is hoped that the first
sum of five and one half million
dollars will be transferred in the
form of a loan to the Israel gov
ernment by the end of January
1962.
RESEARCH
Israel’s potential as a center
for scientific research has been
recognized by numerous foreign
institutes who have commission
ed studies of its research insti
tutes.
The value of this “invisible ex
port” is expected to reach IL 4
million, in 1962. A large propor
tion of these orders come from
the United States Department of
Agriculture, which has commis
sioned research projects in the
fields of agriculture and health,
as well as basic research. The
Ford Foundation plans to spend
IL 700,000 (about $400,000) on
research in Israel in 1962, an in
crease over previous amounts,
based on results of past pro
grams and on the recommenda
tion of Professor R. Ginsberg of
Chicago, who visited Israel on
behalf of the Foundation to in
vestigate research facilities.
Other research grants have been
made by the U S. Air Force, the
U S. Navy, the Bureau of Stand
ards, The Rockefeller Founda
tion, Baroness B. de Rothschild
and others. A number of Israel
scientists are working under con
tract for foreign companies cn
special projects.
rMm
BY HENRY LEONARD
r
Sabbath Eve in the Home
of Bernie the Baker.
C«»i 1441 D*v#am
Off The Record
by NATHAN ZIPRIN
Letter From A Reader . .
Dear Mr Ziprin:
It would be simple enough to
debate with Mr Alfred Segal,
your columnist, when he writes
in his January 4th article that
he is against the hanging of
Adolph Eichmann.
But when Mr. Segal states that
he goes along “with the wise
rabbis” who hold the same view.
I have the feeling that an attack
upon him might be interpreted
as an attack upon the rabbis. A
full reading of Mr. Segal's arti
cle would show, however, that
the rabbis do not necessarily
have the same reasons for the
same conclusions. Those rabbis
who oppose Eiehmann’s hanging
probably do so for religiousVea-
sons purely. Not so, Mr Segal
Capital punishment for Eich
mann, he says, “may be a bit
too easy.” Wouldn’t it be better,
he writes to keep him in jail for
the rest of his life so that hy can
really suffer.
Mr Segal, it may be said, ex
pressed a point of view that is
heard again and again Why kill
Eichmann when the Jews now
have it in their power to show
him what suffering, pain, agony
and torture are really like? As
one reads and hears these opin
ions, one is appalled by the
amount erf blood lust that can
fill the heart—as though the
trial of Adolph Eichmann had
never been.
No, Mr. Segal, let Israel carry
out the sentence imposed by the
court. Let Eichmann be hanged.
Let justice be served, in the
most merciful way, for isn’t it
so, Mr. Segal, that of the many
things the Lord expects of us,
one of the most primary is”to
love mercy.”
Has Mr. Segal ever given the ^
temper of mercy to his sense of
justice? Apparently not. He tells
in his article about his experi
ence as a daily newspaper re
porter in witnessing the death of
four convicted murderers in the
electric chair, and one execution
by hanging on a scaffold. “I came
away from all of them quite un
shocked,he writes. "Yes,” he
continues. “I had learned it was
easy punishment—so simple for
murderers to die that way.” One
is shocked by the thick-skin of
Mr. Segal’s heart and mind.
After all these years, these five
executions still leave him un
moved. Although Mr. Segal
would have us believe that he
abhors killings, “even legal
ones,” there is something he re
counts out of his own experi
ence to permit us to take him
at his word. We wonder, also,
how it was for the five murder
ers who were executed. Did they,
like Mr. Segal, find it the easy
way out 7
Sincerely,
Nathan L. Roberts
A WORD WITH TIIE READER
For the next several weeks my
office typewriter will be knock
ing out stories by fingers other
than rpy own. I will have placed
during the time my body and
soul in the hands of God and of
a good surgeon, a combination I
am sure will carry me througn
since I have faith in both.
Exodus of Jews
From Tunisia
PARIS, (JTA)—Jewish com
munity leaders here stressed this
week the urgent need for more
funds from American Jewry,
through the Joint Distribution
Committee, to meet the needs
created by the major influx of
immigrants reaching France from
North Africa. Leaders of the
Fonds Social Juif Unifie, the
major Jewish welfare agency
here, said the organization must
extend its service.
Most of the newcomers reach
ing metropolitan France are from
Tunisia. Some 10,000 Tunisian
Jews — about three-fourths of
them holding Tunisian national
ity, while the remainder are
French citizens—came to France
since the Tunisians fought the
French around France’s big nav
al base at Bizerte.
for the best in ...
pest —
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