/ .
VOL. 12
Palner ,--.laskn
T
Ducenber 16,1949
N0. 49
CO-OP COLLS 1939
CERTlFICfllES
a recent meeting the Co-oj: Eoard
of Directors vot^d tc call in its
1939 Certificates of Equity for pay
ment. This issue amounts to just
under *8,000-.00. Anyone holding
certificates of 1939 date may re
deem them by. mailing or bringing
them to the C’o9op Office ,on or hf.fce]
December 2?0th.
In the few cases v.’here Certificates
might have been lost, the 'owner jnay
claim payment by signing the proper
papers at the office*
The payment of Certificates -by a
Copop is simply the" ''revolving, fund'
method of financing in operation.
In all successful Co-ops using this
method of -financing the current'
years* savings .is acknowledged* to
the patrons by the issuance of Cer
tificates of indebtedness v-hich
means that you as a Co-op patron
hold that much revolving capital of
your Co-op. The Co-Op used these,
funds for operating capital until
such time as they can be retired
when the co-op- reaches its *maturity
point, it Cells in an issue 6aC{i
year and puts cun a new issue to
rep rerent the current earnings.Hence
the name "Revolving Hupd1*. 0ur Co
op has just this- year reached that
stage and should pay an issue annu«"
ally.
J l mpnt be explained to those un
equal! ted with the workings of our
Co-op that this revolving fund plus
the Pfo withholdings, plus paid-in
menuor ships are the sole means by
which our working capital is main
tained .
It might be further explained that
the certificates held by people who
have left the Co-op or the Valley -
or those who may not consider them
selves in good standing have not or
cannot be confiscated. They will be
available to you on Tuesday.
T,jp:r
MILK FRICE INCREASES
Cont. on page 6
, U.R.
“music
church pRtctnrs
nx.
o "
J Ml
The United Protestant Church wi11
give the "Cantata, "Music of Christ
.mas" this n^xt Sunday evening in the
Church, Rev. Victor Alfsen, Pastor,
announced this week. The choir is
under the direction of Harry ’//inner.
•The Cantata will be preceded by a
Christmas page'ant at 7:3C p.m.by
the Sunday Scftodl. The pageant,"A
King is Born" is under the direct
ion of Mrs* Margaret Blcm.
All valley residents are--welcome to
this program next Sunday evening,
■ beginning.at■7?30.p*m. December IS.
SCHOOL* BAND 6 CHORUS
ENTER l Al NS SATURDAY
EVENING
On Saturday evening, December 17,
the local School Band and Chorus
•will present a varied- program of
music and song in the Community Hall,
8 p.m. -
,xr f
The band 'will p'lay Several selections
b f John Philip Sous a', and several by
A.D.ivic'Cuughoy. Included in the band
numbers will be -one composed by Paul
Bushong, Director of the school band,
■entitled,"Northern lights Overture"
Special numbers will include "The
End of a Perfect Day’’ and 'Shite
Christmas” sung by P.amona Davis, ac
companied at the piano by Lavon
Roetman. "0 little Town of Bethlehem"
by Dorothy I'au and Alma Roark with
Mrs. Hoaly at the piano. "Winter
Wonderland” by Dorothy Mau, Tear.
Carrol, Tan is Barry, Alma Roark and
Billy Jean Roark.
The Chorus will sing a group of
•Christmas numbers inoluaing: "Sil^rt
I'ight", "0 Come,^11 Ye Faithful',
"Hark, th. Kcral angels Sing" and
"Joy to tho ' orld".
The program vill be brought to a
close with three band number's ending
With. "The Star Spangle.. Banner.11_