TUESDAY, OCTOBER 1, W7
THi DAILY-TAR iMUL
PACK THREE
Corporation Act Outlined H
Liberal provisions und protective
ti Mures of North Carolina's new
Miriness Corporation Act wore out
laid hy the acting dean of Duke
I ntvorsiiy's law school at closing
sion of a three-day legal ins-
itillf.
I'rof. I. It. L.itty. who served as
n.-titute planning chairman, dis
ud the history of the new act,
l revving that "a grass roots de
mand for the new law among the
ware's lawyers" led to the General
Statutes Com.nission undertaking
ll i. iirniJrt il li'it'inn tl.r I ! C(
f, ratted.
Mure than .l.'j North Carolina
I.,vtk attended the institute,
sponsored by the North Carolina
r..r Association, and law schools of
tie University of North Carolina,
IiuKe University and Wake Forest
ulleu.
Tvvo Chariot le men also spoke
Saturday morning: William F. Mul
l i s s. discussing "Fundamental
Changes" and Frank W. Snepp,
' Dissolution and Liquidation." Fri
day night speakers included Dean
Carroll W. Weathers of Wake Forest
Law School; Oliver Carter of Wilm
ington; and Prof. Leonard S.
Towers of University of Florida
Law School, who was visiting lec
turer at UNC last year.
One main purpose of the Busi
ness Corporation Act, Dean Latty
explained, is "to fill gaps that
existed in the old Corporation Law
litOl. which was rather skimDv ! lias a number of aspects wnicn are
and left many areas uncovered." novel not only to North Carolina
La:ty cited several dozen instances but to American corporation law in
where the old law said "nothing j general."
at all."
moving many of the old time re
strictions that hampered corpora
tions. "Protective - features were en
acted." Latty continued, "in those
areas where it was felt that either
the public or creditors or share
holders or certain kinds of share
holders such as preferred or
minority needed protection."
Dean Latty concluded that "both
in its liberal provisions and in its
protective features the new law
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The spirit and philosophy of the
new acts is manifested through
two main currents. Dean Latty
said, describing the first as "a
spirit of liberalism to enable corp
crations to do many things quickly
and without too much red tape, re-
Among the fundamental changes
cited by Mulliss are charter amend
ments, mergers consolidations and
sales of all assets. Except for a
few instances, he added these four
types of changes "require share
holder approval and can give rise
to Dissenters' Rights."
GMAB Committee Seeks Members
It iiu visit Croham Memorial
i..in!.iy afternoon at about 4 00
iii will probably see a group of
'intents sitting around the table
in the (trail Hoom discussing
i t r.N thing h orn Freudian movies
tu reception for the cadets who
vmII t' visit iic' the campus this
i t ketul
Itu, is the (Iraham Memorial
Aitivities Hoard, and they are now
i:i tt. process of choosing the
n .embers of their committees.
Mary Moore Mason, chairman of
tin- recreation cummittee. is part
uiila.ly interested in completing the
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Jones Heads GMAB Committee
The Graham Memorial Activities ities. Local speakers will be on
Board is' in the process of organiz- heard at the discussions from time
1
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ADDITION TO WOMEN'S DORMITORY Pictured above is the new wing being added to Spencer
Dormitory. This will provide space for 75 more women students. (Norm Kantor Photo)
Lin
ing its forum committee for another
year's activities, according to
Benny Thomas, president of GMAB.
Bill Jones, senior from Louis
ville, Ky., is chairman of the forum
committee. Jones is an industrial
relations major.
The purpose of the forum commit
tee is to bring together students,
members of the faculty and inter
ested townpeople in order to dis
cuss all phases of issues which are
prevelent or which might arises on
campus.
Topics for discussions, for in
stance, might relate to clothing
prevalent or which might arise on
scare.
This committee is not to be con
fused with the Carolina Forum, as
it deals only with local personal-
to time.
Jones has asked all interested
students to come by the information
desk in Graham Memorial and fill
out an application for this committee.
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MARY MOORE MASON
choice of members for that com
mittee because it is one of the
committees that is already in the
process of sponsoring campus
events.
The recreation committee, ac
cording to Miss Mason, a senior
from 'Roanoke. Va., has as its pur
pose the offering of entertainment
and recreation to the members of
GMAB executive and committee
members and the campus. Con
sequently, it offers dance lessons.
bridge lessons, and co-sponsors the
"Y" Night talent show. It also is
io charge of Rod and Gun Field
Day and along with the dance and
receptions committees is in charge
of dances, open houses, and other
entertainment.
"One wonderful thing about the
lecreation committee." says Miss
Mason, "is that with it the sky is
the limit. It is not a committee that
already has its program dictated to
it, and consequently it is always
open to new ideas for its activities
and program."
The committee is anxious to get
its committee members lined up
completely by Friday afternoon, so
interested students tie urged to
come to the GMAB office Thursday
or Friday afternoons between 3
and 5 for interviews.
Covering The CampuS
I
. - J
BILL
JONES
EUBANKS
DRUG CO.
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Phone 5656
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EA.
DAILY CROSSWORD
5. Weight
(Turk.)
6. Mr. Sparks
7. Theme
29. Access
to
base
ment 30. Wrests
32. Greek
letter
ACROSS
1. Bean town
7. Sesame
10. Dissimilar
11. Harem room 8. Perfect
12. Cooked 9. Time
13. Vitality one by
14. Half nn em 12. Kind of jazz 34. Clayey
13. Hebrew 16. Shabby 35. Muse
18. Burmese oi
tribes lyric
20. Half an em poetry
21. Snake 36. American
23. Garden tools admiral
26. Monetary 37. Big
. unit (Bulg.) 41. Fore.
28. Spinning toy head
Glen Lennox Laundromat
letter
16. Narrow
inlets
17. Morel
19. Violent
disruption
22. Eskers
24. Particle of
iteration
25. A vial
27. OU of .
rose petals
11. Cow parsnip
stalk
33. bid times
34. Torment
38. Enclosure
19. Metallic
rocks
40. Jewish
month
42. Public notice
L-a!
profession
44. Cultivating-
implements)
47. Devoured
49. Man's aame
80. Traffic sirn
DOWN
1. Polish
2. Biblical
nam
3. Slide
4. Covered
a floor
SPOKE fALOES
TiTZh R PAVE
I ft KT "1PA RDOjj
V I P u AiInIt Tf A
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Trail Hojtgts
STUDENT WIVES' CLUB
There will be a meeting of the
student Wives' Club tonight at 8
p.m. in the Victory Village Nursery.
FACULTY CLUB
The Faculty Club Luncheon will
be held at the Carolina Inn at 1
p.m. The speaker will be Dean
Marcus E. Hobbs.
PHILOLOGICAL CLUB
The Philological Club will meet
at 8 p.m. in the Library Assem
bly room.
APO MEETING
All APO (service) fraternity
members are requested to meet
on the steps of Graham Memorial
at 6:30 p.m. Wednesday.
After assembling at Graham Me
morial, members will proceed to
Watts for a dinner meeting. Rides
will be furnished for all those who
do not have a way.
PHILOSOPHY COLLIQUIUM
A colloquium in philosophy,
jointly sponsored by the UNC and !
Duke Depts. of Philosophy, will
hold its first meeting of the year
Wednesday at 8 p.m. in the Phil
osophy Seminar Room, West Duke
Bldg., East Duke Campus.
Prof E. M. Adams of UNC will
read a paper entitled "C. I. Lewis
and the Inconsistent Triad of Mod
ern Empiricism."
Yetterday' Amwer
44. Weight
(Chin.)
45. Girl's name
46. Openings
(anat.)
FBI At Work
LITTLE ROCK (AP) The Fed
eral Bureau of Investigation is con
tinning its efforts to identify per
sons connected with last Monday's
bloody fighting at Central High
School over integration.
FBI agents sought identification
not only of active participants but
those who stood back and urged
violence.
Hum M fn i i . " ' y 1 11,111
, , i ,ini in i m 1 mi
NEWSPAPERS
(Continued From, rage 1)
peoples with iron curtains, bamboo
curtains or any other obstruction to
the interflow of dependable in
formation and have them informed."
and anger that the public will
learn that no sufficient preparations
have been made for the proper
care of the wounded. Not only
are there not., sufficient surgeons-
that, it might be . urged, was un
avoidable: not only are there bo
A 1 i 1 rV. t Vrt
rr. Wells skipped back a century ctressers ann nurst-s-uiai mis"".
k)M
into medico-press history and said.
When Florence Nightingale went
to Scutari in 1854. it is my belief
that she went there because of the
British press and had it not been
for the continued support of the
press, I do not think the complete
reform in military and later civilian
nursing would have occurred when
it did."
Dr. Wells was correct in his be
lief concerning the Crimean War
in 1854-56. In fact, this was the
first war (in which " war cories
pondents" were used. W. II. Rus
sell was the correspondent for 'the
London Times, and the Times car
ried the following story by Russell
under the date line: "Constantinople
Sept. 30:
with feelings of surprise
"It is
r
)
'.A
it
from wthe
Lou Groza
99
a defect in the system for which no
one is to blame; but what will be
said when it is known that there
is not even linen bandage for the
wounded . . . But why could not
this clearly forseen want have been
supplied? Had not the expedition
to the Crimea been the talk of the
last four months? . . . And yet,
after the troops have been six
months in the country, there is no
preparation for the commonest
surgical operations." Needless to
say military censorsnip oi ntr
had not yet begun.
Within a month after this article
appeared in the London Times, Miss
Nightingale and 38 nurses were en
route to Turkey to write a new
chapter in medical history.
In 1838, before the Crimean War,
Bulwer-Lytton said, "The pen is
mightier than the sword." Today,
over a century . later, Dr. Wells
says the same thing, but in different
words.
"Words are unbelievably power
ful tools and when not used proper
ly become the withering weapons
of destruction."
Cm the one hand, you have Thirsty G. Smith.
Good taste to him means zest and zip in a
beverage, sparkle and lift and all like that . i
On the other hand, T. Gourmet Smythe
preeive good taste as the riht, fit and proper
. refreshment for a Discriminating Coterie.
Sot .'. . Have it both ways! Coca-Cola
... so rood in taste, in such good taste.
Et'vous? SIGN QF GOOD TASTE
Eottltd under oulhorfty of The Coco-Colo Company by
DURHAM COCA-COLA BOTTLING CO.
X:
: -i
K: - I
; ; -
TLe educated toe of the Cleveland Browns' big
Urkle has Wen filling sports pages and record
Wks for the last 10 years. Tly the end of the 1955
56 season, Croza's strong right foot had scored a
total of 76 1 points, kicked 393 out of 403 points
sfler touchdowns, and booted more field goals
(92) than any other grid btar in history.
While Croza is still yery much in the
football present, he's already well
along with his plans for gridiron retire
ment. And, according to Lou,
"One of the easiest ways I know
of to save for retirement i to put
part of every pay cherl. . ' IJ. S.
Savings Bonds."
With 'a lttle planning and saving, re
tirement can be a real reward for your
work. And the sooner you get going
wilh these plans, the less you'll need to
save each month.
Let's say you're now 45 and start in
vesting $37.50 k month in U. S. Series
E Savings Bonds. At 65 you'll have a
retirement fund of $12,000. Another
man is how 55, but he invests $75 a
month in Bonds. At 65 he'll have
SI 0.000. Both of you will have in
vested the same amount $9,000; but
you, the early starter, will have accu
mulated 20o more money.
Every day you put oft saving is cost
ing you money. So take a tip from the
old dependable scorer, Lou Groza, and
start scoring where it will count the
ntwith a regular retirement invest
ment program in U. S. Savings Bonds.
Sign up for Payroll Savings where you
work. Or invest in Bonds regularly
where you bank.
CLASSIFIEDS
AUTOMATIC RECORD PLAYER
$25. Call Jim Teague at 8-9094.
&5rA'4 1 17 JS
USED ENCYCLOPEDIAS Funk
& Wagnalls, 25 vols. $2.00.
Compton Picture Ency., 15 vols.
$16.75. Others. Intimate book
shop, 205 E. Franklin Street.
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: 311 W. Franklin St.
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rCiL-jA CC fl sS
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