Federal Register - May 19, 1950
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Fuente: Federal Register
NOTICES
3074
change Commission, 425 Second Street NW., Washington 25, D. C. At any time thereafter such declaration, as amended, or as further amended, may be permitted to become effective as provided in Rule -23 of the rules and regulations pro mulgated pursuant to said act, or the Commission may exempt such transac tions as provided in Rules U-20 a and U-100 thereof.
All interested persons are referred to said declaration, as amended, which is on file in the office of this Commission, for a statement of the transactions therein proposed, which are summarized below :
Northern Natural proposes to issue and sell, pursuant to the competitive bidding requirements of Rule U-50, $40,000,000 principal amount o f ____
percent Serial Debentures, Dated May 1, 1950, Due 1953-1970, to mature serially at the rate of $2,000,000 principal amount in each of the years 1953 to 1965, $2,400,000 principal amount in each of the years 1966 to 1969 and $4,400,000
principal amount in 1970. Said Deben tures are to be issued under the terms and conditions of an Indenture, dated May 1, 1950, between Northern Natural and the Harris Trust and Savings Bank, Chicago, Illinois, as Trustee. The inter est rate on said Debentures to be a mul tiple of % of 1 percent and the aggre gate price, exclusive of accrued interest and to be not less than 99 percent and not more than 102% percent of the prin cipal amount of said Debentures to be received by Northern Natural are to be determined by competitive bidding.
Northern Natural estimates the pro ceeds to be realized from the proposed sale of the Debentures at a minimum of $39,600,000, exclusive of accrued interest and before deducting expenses in con nection with such sale. Northern Nat ural states that such proceeds, together with the estimated proceeds of approx imately $10,000,000 expected to be real ized from the sale of additional common stock, presently being offered to the com panys common stockholders through a rights offering, and general funds of the company, will be applied toward expen ditures in 1950 for construction of addi tional property and facilities, estimated in the amount of $51,950,000.
Northern Natural estimates that its fees and expenses to be incurred in con nection with the proposed issuance and sale, except underwriting discounts and commissions, will amount to $143,000, including legal fees of $2,000, accounting fees of $1,500 and engineering fees of $8,000. The amount of the fees and ex penses of counsel for the prospective purchasers, which are to be paid by the successful bidder, will be supplied by amendment.
Northern Natural has filed applica tions with the State Corporation Com mission of Kansas and the Nebraska
State Railway Commission with respect to the issuance and sale of said Debentures.
Northern Natural requests that the Commission issue its order herein on or about May 29,1950, and that such order be effective upon issuance.
By the Commission.
seal
O rval L. DuBois,
Secretary.
F. R. Doc. 50-4250; Filed, May 18, 1950;
8:45 a. m.
DEPARTMENT OF JUSTICE
There is hereby vested in the Attorney General of the United States the prop erty described above, to be held, used, administered, liquidated, sold or other wise dealt with in the interest of and for the benefit of the United States.
The terms national and designated enemy country as used herein shall have the meanings prescribed in section 10 of Executive Order 9193, as amended.
Executed at Washington; D. C., on May 8, 1950.
For the Attorney General.
seal
Acting Director, Office of Alien Property.
Office of Alien Property A u t h o r i t y : 40 Stat. 411, 55 Stat. 839, Pub.
Laws 322, 671, 79th Cong., 60 Stat. 50, 925; 50
O. S. C. and Supp. App. 1, 616; E. O. 9193, July 6, 1942, 3 CFR, Cum. Supp., E. O. 9567, June 8, 1945, 3 CFR, 1945 Supp., E. O. 9788, Oct. 14, 1946, 11 F. R. 11981.
Vesting Order 14644
K a z u y u k i Y am am oto
In re : Cash owned by Kazuyuki Yam a moto, also known as Ikko Yamamoto.
F-39-1574-E-1.
Under the authority of the Trading W ith the Enemy Act, as amended, Exec utive Order 9193, as amended, and Execu tive Order 9788, and pursuant to law, after investigation, it is hereby found:
1. That Kazuyuki Yamamoto, also known as Ikko Yamamoto, whose last known address is Japan, is a resident of Japan and a national of a designated enemy country J a p a n ;
2. That the property described as fol lows : Cash in the sum of $440.49, pres ently in the possession of the Treasury Department of the United States, in Trust Fund Account, Symbol 158915, Deposits, Funds of Civilian Internees and Prisoners of W a r, in the name of Kazuyuki Yamamoto, and any and all rights to demand, enforce and collect the same, is property within the United States owned or controlled by, payable or de liverable to, held on behalf of or on account of, or owing to, or which is evi dence of ownership or control by Kazu yuki Yamamoto, also known as Ikko Yamamoto, the aforesaid national of a designated enemy country J ap an ;
and it is hereby determined:
3. That to the extent that the person named in subparagraph 1 hereof is not within a designated enemy country, the national interest of the United States re quires that such person be treated as a national of a designated enemy country Japan.
All determinations and all action re quired by law, including appropriate consultation and certification, having been made and taken, and, it being deemed necessary in the national in terest,
H arold I. B a y n t o n ,
F. R. Doc. 50-4274; Filed, May 18, 1950;
8:56 a. m.
N a t io n a l S a v in g s a n d T r u s t Co. and A m y W etmore M a y NOTICE OF INTENTION TO RETURN VESTED
PROPERTY
Pursuant to section 32 f of the Trad ing With the Enemy Act, as amended, notice is hereby given of intention to return, on or after 30 days from the date of the publication hereof, the following property, subject to any increase or de crease resulting from the administration thereof prior to return, and after ade quate provision for taxes and conserva tory expenses:
Claimant, Claim No., Property, and Location The National Savings & Trust Co., a cor poration, as surviving executor and trustee of the estate of Amy Wetmore May, de ceased, Claim No. 35794; $4,875.55 in the Treasury of the United States; all those cer tain lots, pieces or parcels of land situate in the Village of Babylon, Township of Babylon, County of Suffolk, State of New York, consisting of three 3 unimproved tracts identified according to the Tax Map filed in the Office of the Tax Collector, Village of Babylon, as follows: 1 Premises at the Northwest corner of Prospect Street and Suydam Place known as Lot 2104, Section 32.
2 Premises at Southwest corner of Pros pect Street and Jackson Road known as Lot 2157, Section 32.
3 Premises at Southeast corner of Prospect Street and Jackson Road known as Lot 2163, Section 32.
All right, title, Interest and claim of any kind or character whatsoever of Amy W et more May in and to the Estate of W illiam May, deceased. All right, title, interest and claim of any kind or character whatsoever of Amy Wetmore May in and to the Trust created under the will of John Frederick May, deceased.
Executed at Washington, D. C., on May 12, 1950.
For the Attorney General.
seal
H arold I. B a y n t o n ,
Acting Director, Office of Alien Property.
F. R. Doc. 50-4275; Filed, May 18, 1950;
8:56 a. m.