Winston-Salem chronicle. (Winston-Salem, N.C.) 1974-current, November 16, 1974, Page PAGE 3, Image 3
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^ j 5 lit . ? jg m&& : a"^CBb * t/Boone fOU. ? "