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NOTICES

7560
Michigan Consolidated proposes to issue and sell to American Natural, and American Natural proposes to buy from Michigan Consolidated, 930,000 shares of Michigan Consolidated common stock, par value $14 per share, for a cash con sideration of $13,020,000, which is equal to the aggregate par value thereof.
American Natural proposes to pay such purchase price out of the proceeds ob tained from its recent offering of com mon stock. Michigan Consolidated will use the net proceeds from the sale of Michigan Consolidated common stock for the payment of construction costs and to reimburse its treasury for funds so used.
Michigan Consolidated further pro poses to amend its Articles of Incorpora tion so as to increase its authorized shares of common stock from 4,500,000
shares of which 4,475,000 shares are presently outstanding to 5,500,000
shares.
The transactions proposed to be con summated by Michigan Consolidated
have been expressly authorized by the Michigan Public Service Commission, the State commission of the State in which Michigan Consolidated is organ ized and doing business. The applica tion-declaration states th a t no other commission, other than the Securities and Exchange Commission, has jurisdic tion over any of the proposed transac tions.
Pees and expenses in connection with the foregoing transactions are estimated as follows:
Federal original issue tax------ -----. $14, 322
Michigan Public Service Commission fee__________________________ 13,020
Michigan Corporation and Securities Commission fee________ .____ __ 7,000
Counsel fees:
Sidley, Austin, Burgess & Sm ith-.
750
Dyer, Meek, Ruegsegger & Bullard750
American Natural Gas Service Com pany, services at cost__________
500
Miscellaneous telephone, telegraph, duplicating, traveling and other expenses and contingency fund__
658

T otal _____ ___________ 37,000

Notice of the filing of the applicationdeclaration having been duly given in the manner prescribed by Rule U-23, and no hearing having been ordered by or re quested of the Commission; and the Commission finding th a t the applicable provisions of the Act and the Rules thereunder are satisfied; th a t the fees and expenses set forth above are not u n -, reasonable; and th at the applicationdeclaration, as amended, should be granted and permitted to become effec tive forthwith:
It is ordered, Pursuant to Rule U-23
and the applicable provisions of the Act, th at said application-declaration, as amended, be and the same hereby is granted and permitted to become effec tive forthwith, subject to the terms and conditions contained in Rule U-24.
By the Commission.
seal O rval L. DuBois, Secretary.
F. R. Doc. 55-8152; Filed, Oct. 7, 1955;
8:46 a. m.