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FEDERAL REGISTER, Thursday, January 30, 1941

682

F ile No. 70-240

NOTICE REGARDING "FILING

office in the City of Washington, D. C., on the 29th day of January, A. D. 1941.
Notice is hereby given that an ap plication has been filed with this Com mission pursuant to the Public Utility Holding Company Act of 1935 by the above named party; and Notice is further given that any inter ested person may, not later than Feb ruary 14, 1941 at 4:30 P. M., E. S. T., request the Commission in writing that a hearing be held on such matter, stat ing the reasons for such request and the nature of his interest, or may request that he be notified if the Commission should order a hearing thereon. At any time thereafter such application, as filed or as amended, may be granted, as pro vided in Rule U-8 of the Rules and Regulations promulgated pursuant to Said Act. Any such request should be addressed: Secretary, Securities aiTtt Ex change Commissioh, Washington, D. C.
All interested persons are referred to said application, which is on file in the office of said Commission, for a statement of the transactions therein proposed, which are summarized below:
The transaction covers the issuance and private sale by the company of $325,000 principal amount of its First Mort gage Bonds, 3 V2 % Series due 1966 to The Northwestern Mutual Ufe Insurance Company, Milwaukee, Wisconsin, at 100% of the principal amount thereof, plus accrued interest to the date of deliv ery. The application states that the pur pose for which the company proposes to issue its bonds is to reimburse the treas ury for expenditures made in connection with new construction. According to the application the net proceeds from the sale of the Bonds will be used by the com pany for the payment of $240,000 to Law yers Trust Company of New York repre senting the unpaid balance of a presently outstanding Demand Note of the com pany, dated November 1,1937; to pay the open account indebtedness of the com pany to Edison Light and Power Com pany which, as of November 30, 1940, amounted to $45,235.40 and the balance is to be used for the purpose of financing the business of the company for con struction and other general corporate purposes.
The company considers section 6 b of the Public Utility Holding Company Act of 1935 as being applicable to the proposed transaction.
By the Commission.
sea l F r a n c is P. B r a sso r , Secretary.

At a regular session of the Securities and Exchange Commission, held at Its office in the City of Washington, D. c., on the 29th day of January, A. D. 1941.
Notice is hereby given that a declara tion or application or both, has been filed with this Commission pursuant to the Public Utility Holding Company Act of 1935 by the above named party or parties; and Notice is further given that any inter ested person may, not later than Feb ruary 10, 1941, at 4:30 P. M., E. S. T., or 1:00 P. M., E. S. T., if such date be a Saturday, request the Commission in writing that a hearing be held on such matter, stating the reasons for such re quest and the nature of his interest, or may request that he be notified if the Commission should order a hearing thereon. At any time thereafter such declaration or application, as filed or as amended, may become effective or may be granted, as provided in Rule U-8 of the Rules and Regulations promulgated pur suant to said Act. Any such request should be addressed: Secretary, Securi ties and Exchange Commission, Wash ington, D. C.
All interested persons are referred to said declaration or application, which is on file in the office of said Commission, for a statement of the transactions therein proposed, which are summarized below:
Louisiana Ice &Electric Company, Inc., a subsidiary of Utilities Stock & Bond Corporation, a registered holding com pany, proposes to issue and sell:
A. $570,000 principal amount of First Mortgage 3%% Bonds, Series A, due January 1, 1961, and B. $190,000 principal amount of 2y2%
Serial Notes Unsecured due serially at the rate of $38,000 annually on April 1, 1942 to 1946, inclusive.
The Bonds are to be sold to the John Hancock Mutual Life Insurance Com pany at 99% of the principal amount thereof and the notes to the City Na tional Bank and Trust Company of Chicago at par. The proceeds will be used to refund present indebtedness ag gregating $477,000 and to defray in part the companys construction program for the year 1941.
By the Commission.
sea l F r a n c k P. B rassor ,.
Secretary.

At a regular session of the Securities and Exchange Commission held at Its
F . R. Doc. 41-677; F iled, J a n u a ry 29, 1941;
11:15 a . m .

F . R . Doc. 41-678; F iled , J a n u a ry 29, 1941;
11:15 a. m .

Further provisions with respect to pre payment of the loans, the furnishing of collateral, and certain affirmative and re strictive covenants, and other matters being contained in a bank loan agree ment entered into between the declarant and the lending banks; and The declarant proposing to use the $26,000,000 to be borrowed together with $1,226,000 of its current funds for the following purposes:
1. T o call, red eem a n d r e tire i ts p re s e n tly o u ts ta n d in g F ifte e n T e a r 3 y2 % S in k in g F u n d D e b e n tu r e s d u e A u g u st 1, 1953, i n th e p rin c ip a l a m o u n t of $20,000,000, a t 105% of su c h p rin c ip a l a m o u n t____________ $ 2 1 , 000,000
2. T o p ay its o u ts ta n d in g b a n k lo a n n o te s d a te d A u g u st 22, 1938, in t h e u n p a id p rin c ip a l a m o u n t o f $ 6,200,000 w ith p re m iu m o f % % o n th e p r in
c ip a l a m o u n t o f $5,200,000
6,226,000
T o t a l __________________- ___

27,226,000

Said declaration having been filed on December 30, 1940, and certain amend ments having been filed thereto, the last of said amendments having been filed on January 28, 1941; notice of said filing having been duly given in the form and manner prescribed by Rule U-8 promul gated pursuant to said Act; and the Commission not having received a re quest for hearing with respect to said declaration within the period specified in said notice, or otherwise, and not having ordered a hearing thereon; and The declarant having requested that the Commission advance the date of per mitting the declaration as amended to become effective; and The Commission finding that the dec laration as amended satisfies the require ments of section 7 c, and that no ad verse findings are necessary under section 7 d of said Act;
It is hereby ordered, Pursuant to said Rule U-8 and the applicable provisions of said Act, subject to the terms and conditions prescribed in Rule U-9, that the aforesaid declaration become effective forthwith.
By the Commission, Commissioner Healy dissenting for the reasons set forth in his memorandum of April 1, 1940.
sea l!
F r a n c k P. B r a sso r , Secretary.
F . R . Doc. 41-679; F iled, J a n u a ry 29, 1941;
11:15 a. m .J
F ile No. 70-239
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NOTICE REGARDING FILING