NOVEMBER }6, 1974
J Rights Of S
by Charles
In analyzing the position of
management and control, it is
outside shareholder who is not i
controlling interest from the ow
^hnrphftlH^rc Tho OtfA9*n OA 4^?1
aiiv avwta^c uu
-cagjaasa^l^ tefees little or no p
business. He is most likely o
prospect for appreciation of
represented by market value) <
This does not imply that shar
management. Many corporation
to handle "stockholder relation
materials sent to stockholders an
with respect to their effect on 1
witnessed an increased number <
shareholders have taken steps
-In spite of the relative unin
^ ^
puauiuu in curporaie manageme
which, if not respected, will giv
0Further, his position to sell be<
influence the pride of the stocl
maintain itself.
Shareholders rights can be
general rights, and (2) collective
general rights are those which i
as the right to a stock certificate
stock. The collective rights are
body possess, such as the right
Following is a list of the rights
a certificate representing the nu
(2) To Transfer stock at any time
and to vote at these meetings,
and if declared. (5) To share in i
proportion that his old stock
(pre-emptive right). (6) To shan
To inspect the corporate books s
To elect the board of directors. ('
the charter or bylaws. (10) To ;
enforcing other rights or in pr
It must be noted, however, i
legality of these rights is more o
Are You Elig
Are you eligible for food
stamps? Very few people can
really answer that question
because they do not know the
eligibility requirements for the
food stamp program.
This is why the Division of
Social Services of the N.C.
Department of Human Resources
is sponsoring the
statewide "Project Reach"
Campaign starting this month.
The purpose of the campaign
is to see that all North
Carolinians know about the
food stamp program.People
who need help
with food should contact their
local department of Social
Services to determine if they
1 might be eligible. If they are
determined eligible, they pay
a certain amount of money and
receive a larger amount of
food stamps. The amount a
person pays depends on the
household's income and si/e.
The smaller the income the
more free stamps a household
receives.
The total "income of the
1+< household must be considered
when determining eligibility.
Every able-bodied household
member who is 18 years of age
and older must register for
employment if they arc not
already working.
1
hareholders |
T. Byrd Jr.
~the-shareholder in corporate?
necessary to differentiate the
i manager and does not have a
ner - managers and controlling
ttside shareholder in a large,
art in 4hc maaaowwjqtf--^6 the
nly interested directly in the
the price of his stock (as
ir in dividends, or both,
eholders are totally ignored by
s maintain special departments,
is." Much thought is given to
id many decisions are evaluated
the owners. Recent years have
of instances in which displeased
to oust management,
iportance of the shareholder's
:nt, he does have certain rights
e him a legal claim to redress.
:ause of his dissatisfaction can
t and management's ability to
divided into two classes: (1)
rights. The general rights. The
accrue to him individually such
e, and the right to transfer his
those which shareholders as IT
x _ _ i ^fl < ? ^
to eieci tne ooara ot directors. .
r.
i of shareholders: (1) To receiveimber
of fully paid shares held.
;. (3) To be notified of meetings
(4) To receive dividends when
new issues of stock in the same
represents to the total stock
; in assets upon dissolution. (7)
ubject to certain limitations. (8)
9) To vote upon amendments to
invoke the aid of the courts in
eventing ultra vires acts,
that the costs of enforcing the
ften prohibitive than bbneficial.
rible For Food
Households meeting the
above requirements also must
have a limited amount of
income and financial resources
to be eligible.
The monthly net income
households can have and take
part in. the program is based
on family size. Certain
expenses are allowed to be
deducted from gross income to
determine a household's net
monthly income. These arc:
local. State and Federal
income taxes; Social Security
taxes under FICA; retirement
~ a .. ?, a.i
diiu UIIIUII uuo. wincr
allowable deductions are:
medical costs (but not special
diets) and when more than $10
a month; child care to accept
or continue employment; fire,
theft, hurricane or other
disaster expenses; educational
expenses which are for tuition
and mandatory school fees; /
court-ordered support and
alimony; rent, utilities or
mortgage payments above 30
percent of income after all
other deductions.
The maximum monthly
net income for a one person
household is $194, two people
$273, three $393, four $500,
five $593, six $680, seven $767
and eight $853.
4*
HE WINSTON-SALEIVf CHRON
Ram
: hi Brtfil Ellii?
Chico Dunlap, Winston
Salem State Rams star
running tack, has been named
Ram of the Week for the
second time this season for his
154 yard 2 T.D. performance
against Morris Brown on
-Saturday.
The 5'7"-!75 lb. senior
Business Administration major
from Charlotte was first
named Ram of The Week after
4
rushing for 12S yards and a
T.D. in the Rams fourth- game
of the season.
This time Chico can have his
cake and eat it too as the Rams
thrashed Morris Brown 45-17
for a Homecoming victory on
Saturday.
it* a ?
iii iiit mat quarter ui me
game it looked as if Chico
wanted to take on the entire
I __
Morris Brown teanuIn his
first three carries he gained 58
yards. The last of which was a
28 yard scoring jountr" He
picked up 42 more yards in his
next three attempts and
scored his second T.D. of the
quarter on a 13 yard run. This
marked the third consecutive
game he has rushed for over
100 yards, and his fifth
? AA ?
mu-yara game or tne season.
Early in the season when I
predicted Chico would crack
the 1,000 yard barrier this
season many people thought I
was crazy. After all Dunlap
had not been a starter for the
Rams until this season. Many
great backs had tried before
I Stamps ?
Each household is allowed
up to $1.500 in such resources
except for those households of
two or more persons with a
member or members age 60 or
over. Then the resources may
not exceed $3,000.
/tijajL. a
W
PtednM
mhirimn f i
vvnsiiBn-aia
Wtwil
* k '*.? *' ? ' *' ' * . k * ' . '
ICLE
i Of The W
0f . - 1^. . M
Chico Donlap
him and failed to make it. His
size was also against him and
his knees would never stand
eleven gamesof-pounding.-Hc had
had a knee operation .in
high school^ ?
Chico had barely missed the
coveted 1,000 mark in high
school. Twice he had gone
C
\ NOTIC
The U.S. Department of
Labor Manpower Administration
has offered the WinstonSalem/
Forsyth County Consortium
additional CETA Title
II funding in the amount of
SI 13,819 for public service
employment for disadvantaged,
unemployed or underemployed
residents of WinstonSalem
Census Tracts, I, 2, 3,
4*5.02, 6. 7* and 8. The Mayor
of Winston-Salem and the
Chairman of the Forsyth
County Commissioners have
a a At e i ? ?
accepted tnese tunas, wnicn ?
. will be used to employ (S) |
Health Aides, (5) Clerks, (5) <
Custodians and (5) Maintc- |
nancemen with the Housing |
. Authority for 7.1 /2 months |
beginning'November 18,1974; j
and 16 other individuals in j
positions - such as Fire t
*4
mat
Mi 19 moi
mean^
tot gH
A to do more for i
*Q&*
y
%
. ...
v,
^eek _ .
over 950 yards. For three
Seasons he had played in the
shadow of Cornell Davis (now
the Rams backfield coach).
This season Chico was
determined to prove he was a
great back. In each of his three
previous years he had
returned a kick for a score but
he had yet to prove that he
was an outstanding runner
from scrimmage.
Chico has already gone over
the 1000 yard mark in total
offense for the season with
1280 yards. He has catight 14
passes tot 132 yards and a
T.D., returned 8 punts for S3
yards, 8 kickoffs for 145 and
has 950 yards rushing and 8
T.D.'s on the ground.
He is averaging. 95 yards
rushing per game and 142.2
yards total offense per game
4 ~ g
E
0
Prevention Aide, Social Services
Coordinator and Consumer
Counselor, with other
Public and/or Private Nonprofit
Agencies, for 7 months
>eginning on or aboujt,
December 2, 1974.
The Grant Application
vledification containing the
Ictails of this Grant is
ivailable to the * public for
cview and comment in the
>ffice of Douglas R. Hearn,
151 NCNB Building, between
he hours of 8:00 a.m. and
5:00 p.m., Mondays through
Fridays, telephone 727-2083.
Comments may be directed to
Vlr. Hearn, to the Governor of
Murth Carolina, or to the U.S.
Department of Labor, Manlower
Administration, 1371
Pcachtrec Street, N.E., Atlan
a^jDcorgk^
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