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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 10, 1966
Page
5
Babson Park Mass. examines rapid postwar growth, population and income gains, and the space race. It argues the nation must sustain free enterprise, tax structures, and productive policies to preserve prosperity and leadership.
The editorial argues that a growing domestic market and new production tech depend on profitable ventures funded by investors. It urges strong fiscal discipline, living within means, responsible credit, and public funds treated as a public trust. It condemns wasteful, ill-timed public projects and poor debt management.
Filing announces the incorporation of UMC Motor Club of Arizona Inc by Consolidated Security Corporation and Donald L. Bainum. Principal office to be in Phoenix with powers to conduct motor club business, contracts, property ownership, borrowing, and issuing notes and bonds.
The document outlines a new corporation with authorized capital stock of one million shares at $1 each, a general agency business scope, and powers to acquire assets, issue stock in exchange, and conduct affairs via a board of at least three directors. It lists initial directors, annual meeting timing in Phoenix, and a 25 year term with renewal, plus an agent appointment in Mesa.
Arizona maricopa county records show Donald L Bainum and Robert A Mayer of Consolidated Security Corporation executing a power of attorney with notarizations by Vicki L Collis. The document authorizes appointment of an agent to accept service and allows revocation by successor appointment.
A 1966 merger agreement among Granite Development and several Arizona firms including Greenbriar Forest Yorktown Elkins Camelback West Sel Don Butler contemplates all merging into Granite. The surviving entity will be Granite Development, with principal office at Chaparral Road and 76th Street in Scottsdale, Maricopa County.
Arizona merger plan converts Greenbriar properties into Granite. Exchange of stock based on book values as of December 31, 1964, with all Greenbriar subsidiaries folded into Granite. Debts and liens transfer to Granite with creditors’ rights preserved. Executed by Granite Development Co and related firms.
Public notice sets December 20 1966 as the hearing date for the Scottsdale street and sewer assessment district 58 6407 from Oak Street to Miller Road within Scottsdale Arizona. It describes the district boundaries assessments bonds and the right to file objections with grounds before the hearing. The notice is published December 9 10 12 and 14 1966.
The City of Scottsdale and Arizona Highway Department plan to upgrade Shea Boulevard from near Pima Road to 104th Street including rights of way, grading, drainage, surfacing, curbs and gutters to federal aid standards. A public hearing is set for December 15 1966 at 9 30 A M in City Hall Conference Room 60 W Indian School Rd Scottsdale.
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