Wood River Loan Ends 50th Year Wood River Savings and Loan Association marked the close of it's 50th year of operation 5 day with it's annual stockholders meeting in the association offices to Wood River. A new high to assets of $6,118,185.06 was disclosed by the auditors reports at the close of the business day, June 30. Record dividends of $230,030.26 were paid to savers during the fiscal year, to addition to substantial increases to the amounts to the reserves of the association. Mortgage loans during the fiscal year totaled $1,084,858.29. The resignation of W. I. Jolley, a member of the board 42 years, was accepted by the board at the 50th annual meeting. Jolley, who retired earlier this year from his position at American Oil Co., submitted his resignation to free him for travel. Walter Hale Jr., 811 Willoway Dr., East Alton, was elected to the board to fill the vacancy. Other board members, all re- Mar May Jul Sep Dec Mar May Jul Aug Sep Nov Jan Mar May Jul to elected, are: W. A. Grove, B. M. Harrod, E. W. Lutz, Leonard Schmidt, B. M. Parks, and Gilbert Helmkamp. Grove was elected president of the board at the re-organiza- At 111. for 300; barrows and and p.m. lias the the closing tional session which followed the anniversary meeting. Other officers selected are: Parks, first vice president; Byron F. Killam, executive vice president; Irene Schwalbe, secretary- treasurer; and David Wilson, assistant secretary - treasurer. Francis J. Manning, attorney, was re-appointed by the association.