Alton Evening Telegraph from Alton, Illinois on October 30, 1956 · Page 15
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Alton Evening Telegraph from Alton, Illinois · Page 15

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Alton, Illinois
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Tuesday, October 30, 1956
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TUESDAY, OCTOBER 30, 1956 ALTON EVENING TELEGRAPH PAGE FIFTEEN SPECIMEN BALLOT I, Eulalia Hotz, County Clerk of Madison County, Illinois, do hereby certify that the following is a full, true and correct copy of the Tuberculosis Sanitarium Tax Proposition ballot to be voted In the General Election, November 6, 1936. County Clerk. Tubmulasts Sanitarium Tax Preposition Boiler "FOR the levy of an additional tax not to exceed a rate of .075 per cent of the full fair cash value of the taxable property in Madison County, Illinois, as equalized or assessed by the Department of Revenue, in excess of the statutory limit for county purposes of .125 per cent of the full, fair cash value as equalized or assessed by tho Department of Revenue for the maintenance of a county tuberculosis sanitarium in Madison County. Illinois, in accordance with "An Act Relating to the Care and Treatment by Counties of Persons Afflicted with Tuberculosis and Providing the Means Therefor," approved June 28. 1915, as amended." "AGAINST the levy of an additional tax not to exceed a rate of .075 per cent of the full, fair cash value of the taxable property in Madison County, Illinois, as equalized or assessed by the Department of Revenue, in excess of the statutory limit for county purposes of .125 per cent of the full, fair cash value as equalized or assessed by the Department of Revenue, for the maintenance of a county tuberculosis sanitarium in Madison County, Illinois, in accordance with "An Act Relating to the Care and Treatment by Counties of Persons Afflicted with Tuberculosis and Providing the Mean* Therefor," approved June 2S, 1915, a< amended." More than 1,000 species of wild flowers have been found growing in Glacier National Park, Montana. All states of the Union except Idaho observe Washington's birthday as a legal or public holiday. SPECIMEN BALLOT I, Eulalia Holt, County Clerk of Madison County, Illinois, do hereby certify that the following is a full, true and correct copy of the Constitution Ballet to be voted in the County of Madison, State of Illinois, at the; election to be held the sixth day of November, A, D., 19S6. Picnic Association Project Brighton Parade Scheduled For Wednesday at 7:30 RM* County Clerk EXPLANATION OF AMENDMENT This amendment would revise Section 1 of Article IX of the Stale Constitution so as to permit flip Qr>neral Assembly to classify properly for tfix purposes, subject to thp following restrictions: il) thu classifications arc? to lie based on tiip nalur? and characteristics of the property and not on tho nature, characteristics, residence or business of (hi- owner or the amount or number owned; (2) all real estate is to constitute one class, except that lands used for forestry purposes and mineral rights in land may each be classified separately; and (.3) if any class of property is taxed by valuation, such lax is to he uniform as to tho class. This amendment would also revise and simplify Section 2 of Article IX, dealing with the levy of miscellaneous types of taxes, but. would require such lavs to ho uniform as to (lie same class of subjects within th° territorial limit* of tin- authority levying the tax. The levy of n graduated income lax would he forbidden. Other changes are merely routine. This amendment revises Section 3 to require ownership or its equi\n|enl--nnd not mere USP—as a basis for exemption ot charitable, religious, and other similar property from taxation. In addition, non-profit, hospitals would be ariffpfi to the list of inv(jtntjnni and purposes for which t.he General Assembly may grant tax exemption by general law. Sections 9 and 10 would be revis"d to subject Hie taxing powers of cities and other local governments to the same restrictions as apply to the General As>emhly. The language in n-gard to obligations of these governments would he broadened, requiring them to levy tax°s not merely—as nrnv—for "debts contracted' 1 but rather for "liabilities incurred." This amendment would, in addition repeal oli.-olete Section 1.3, which was adopted in 1SHO to authorize the corporate authorities of Chicago to issue Columbian Exposition bonds. INSTRUCTIONS TO VOTERS: Voters desiring to vote FOR the tax should place a croxs (X) mark In the box opposite the proposition FOR the tax. Voters 4e»iring to vote AGAINST the tax should place a cross (X) mark In the box opposite the proposition AGAINST the tax. READ TELEGRAPH WANT ADS DAILY For the proposed amendment to Sections 1, 2, 3, 9, and 10 of Article IX of the Constitution and for the repeat of Section 13 of Article IX of the Constitution (Revenue Amendment). BRIGHTON - Final plans have been completed for the Brigh| ton area Halloween parade and party to be sponsored Wednesday by the Brighton Picnic Association. The parade will start from the grade school at !:'.',(} p.m. The masked merry-makers and floats will parade through the downtown business district and then go to the Junior Grade School Gym where thpy will be fudged. A $'-'."> cash prize will be (riven (or the best float in the parade. StO for second and Si) for third prize. A $3 cash pri/.e will be given for the best pre-school costumed child, best costumed child in (lie 1st to 6th grade: junior high, high school and fidull group. Following the judging movies will be shown in the gym and refreshments of cider and doughnuts will be f.eived. "Retreat" BRIGHTON — Members of St John's Evangelical and Reformed Church Guild have invited the Alton Guild. Kiehkin Church and the women of the Brighton Methodist and Presbyterian Churches to share with them in a "Spiritual Re treat". Services begin at tiie church at 10 a.m. Spiritual devotions follow! ed by communion service are planned for the morning with a light lunch at noon served by the hostess church. Mrs. Thcophil Twntr. a missionary, will be guest speaker for rhe afternoon session, which is to begin at. 1 p.m. Handball originally was played against a chapel wall, with j the buttresses as side walls, ac; cording to Encyclopedia Britan- jnica. Hospital Notes Wood ftirci* Towttttfiip MEDICAL Michael Biackard, !WU Haller, East Alton. David J. Hall, 618 Brookwoud, East Alton. ' Delbert iNaville, 8U5 State;. Clyde W. Clark, 806 Alby, Alton. Mrs. Mary F. Baker, '2802 Fernwood, Alton. Patricia Ann Lipe, 1472 Williams. SUROICAL Lowell R. Best, 200 Bonds, East Alton. Mrs. Rebel Burger. S. Roxana. Miss Anna Duich. 249 Main. DISMISSALS j Mrs. Geneva Stanford, Cottage Hills. Mrs. Jane Chcsnut. 1X5 Brushy Grove. Mrs. Helen Full, Hartford. Mrs. Kalhryn E. Fairless, 61'J George. Mrs. Virginia Wadswoith, 139 Ohio, East Alton. Mrs. Grace Wanick. Godfrey. Mrs. Faye Price. 636 Edwardsville Rd. Mrs. Mary Krnich, 475 Evans. Si. .Joseph's MEDICAL. Miss Kathy Tungett, 3317 Franor George Ballew, South Roxana. Willie Page. Cott.-ige Hills. Frank Britt. Cottage Hills. Mrs. Geraldine Lunsford, Rt. 1, Alton. Eugene Johnson, 1714 Belle. Mrs. Martha L. Kennedy. 209 W. 16th. SURGICAL . Mrs. Madora Smith. 304 Lamport Mrs. Ida Witt. 2225 Locust. Mrs. Josie Roberson, Cotlagc Hills. Kenneth Hale, E. 402 Jennings. Wood River. Mrs. Rosalee Cooper, 1016 Danforth. Loys Prltchett, 1116 Garden. Leslie Lewis, Troy. Kenneth Cole, 444 George, East Alton. Miss Mary K. Dunn, 741 Birch, East Alton. Herman Yost, 3-116 Yost. ] Joseph Funk. 639 Fourth. I DISMISSALS j Mrs. Eleanor Newcome. 30">01 Alby. ! Miss Patricia billing, Godfrey, j Mrs. Marilyn Lucker. 3027 May-1 field. I Mrs. Eileen Yost. 1232 Seventh.} Mrs. LaVerna Weinch, S13 Cen- i tral. ! Mrs. Jonti Smith. .1.W Franor. James Seifrit. 2')27 Birch. Miss Retly Highsmith. Moro. Mrs. Roxie Coomander. 814 Rock Forest Short. 1.19 F. Fifth, riifirles Grwn. <r>0 Tonsor. Forrest Railey. 2S12 Grandviow. Mrs. Kit;. Stone. Neho. Mrs. Mary Raker. 1825 Pi;,sa. Mrs. Irene Rrwrkp. Brighton. Mrs. Ann Perolio. 11?,4 Oollpee. George Kennedy. 2424 Clawson. \ltnn Hurry (',. Miller. 2447 Seminary. I'.wel'l Tumor. Cottasr Hills. Harry D. Nelson, 326 Tenth, Wood River. Melvin Harris, 1S13 Ervny. Edna Woods. South Roxana. Dennis Banks. 938 Riley. Mrs. Mary Lawrence, 632 Mon- rop, Kasl Alton. Donald MrCollum. Cottage Htills Mrs. Joyce Jones, Brighton. SURGICAL Mrs. Lurena Sheary, 2116 Nor- side. Andrea Fife, Gillcspin. Mrs. Merle Christopher, Shipman. Randy Hock. Rt. 1. Fdwardsville Mrs. Thelka Dran, 205 Lorena. Wood River. Robert Awn. Kane. Mrs. Alice Campbell. 917 Hixon. Ron Chapman. Edwardsville. Robert Cooper. Fieldon. Allen D. Brainard. Grnfton. DISMISSALS Mark Birmingham. 3427 Milton. Dr. Reulien Barker. fi03'i Kasf Broadway. .lamer. L.vneh. 5.'4 Ferguson, Wood River. Harold Parsell. Jerseyville. Len Rich. 3102 Okwood. Mrs. Syble Poston. 1724 Bowa. Mrs. Ella Sanr'ers. 10R8 Tonsor. Mrs. Jennie Winters. 42 Marietta Mary Ann Buree. Cottage Hills. Eddip Hagan. 150 Conlry. Wood River. Dave Spencer. 2221 L-iw!on. The United Nalimia FAO sent ..Vyr-ar-old Mohamed Omran (ier- ed from his native Libya on 40. not) miles of travel and work to study «hepp raising. Now he is hack in Libya to tench his countrymen the world's most advanced method of shocp raising. Carrolltott Mr. and Mrs. Harold Holland of Wood River were quests Sunday evening of Mr. and Mr*. Richard Gillcr. Mrs. Neil Walker of White Hall was n guest Sunday of her mother. Mrs. F. A. Linder. Mr. and Mrs. Joe Davidson, Mr. and Mrs. James Nims, Mr. and Mrs. Robert Hindelang, Mr. and Mrs. L. A. Hardaway, Mr. and Mrs. W. Moore and Mr. and Mrs. Howard Carter attend- I ert a Halloween dance Saturday j evening at the County Club at .Terseyville. Mrs. Mctla Dowdall and Miss Margaret Baker attended a. luncheon meeting Sunday of Dis- Iriet 9 Business and Professional Women s Clubs at the YMCA in ("iranite City. En route thpy were breakfast guests in Alton of Mi.ss Grace Postlewaite and Miss Mary Postlewaite. Mrs. Dow- id-nll is the chairman of BPW I District 7 and Miss Baker is the I president of the local Businesi anrf Professional Woman's Club. Telegriph Want Ads "CLICK" The New Zealand tuatara has three eyes. It has a rudimentary third eye in the center of it* forehead. SPECIMEN BALLOT I, Eulalia Hotz, County Clerk of Madison Counfy, Illinois, do hereby certify that the following is a full, true and correct the ballot to be voted in the County ot Madison, State of Illinois, at the election to be held the Sixth day of November, A. ELECTION NOTICE A PUBLIC MEASURE TO ADOPT ILLINOIS BANKING ACT OFFICE OF THE SECRETARY OF STATE CAPITOL BUILDING SPRINGFIELD ILLINOIS STATEMENT AND SUGGESTIONS PREPARED BY THE SECRETARY OF STATE AND APPROVED BY THE ATTORNEY GENERAL OF THE STATE OF ILLINOIS TO THE VOTERS AT THE GENERAL ELECTION TO BE HELD THROUGHOUT THE STATE OF ILLINOIS. TUESDAY. NOVEMBER 6. 1U36. Pursuant to Senate Bill No. 324 passed as an Act of the 69th General Assembly of the State of Illinois a proposition is to be submitted as a public measure t.o be voted on at the general election on November 6. 1956 and the proposition so submitted will appear on the same ballots as Ui« names of the candidates for state and other offices as follows: Shall "An Act to Reuse the Law with Relation to Hanks and Bunking: and to Provide penalties for the Violation Thereof, and to repeal certain Acts herein named" be. Adopted Effective January 1. 1937? Yes No copy of D. 1956. County Clerk THE PROPOSED ILLINOIS BANKING ACT: Shall "An Act to | Revise the Law ! with Relation to i Banks and Bank- i ing anji to Pro- i vide Penalties for the Violation Thereof, and to repeal certain Acts herein named" be Adopted Effective January 1. 1957? NO FOR PRESIDENT OF THE UNITED STATES: ADLAI E. STEVENSON FOR VICE-PRESIDENT OF THE UNITED STATES: ESTES KEFAUVER FOR UNITED STATES SENATOR: RICHARD STENGEL FOR GOVERNOR! RICHARD B. AUSTIN D FOR LIEUTENANT GOVERNOR: ROSCOE BONJEAN FOR SECRETARY OF STATE: DAVID F. MALLETT D D D D FOR AUDITOR OF PUBLIC ACCOUNTS: MICHAEL J. HOWLETT FOR STATE TREASURER: ARTHUR L HELLYER FOR ATTORNEY GENERAL: JAMES L O'KEEFE FOR CLERK OF THE SUPREME COURT: JAMES P. ALEXANDER FOR TRUSTEES OF THE UNIVERSITY OF ILLINOIS: (Vote for Three) JOSEPH BRUCE CAMPBELL DON FORSYTH RICHARD J. NELSON D D D D FOR PRESIDENT OF THE UNITED STATES: DWIGHT D. EISENHOWER FOR VICE-PRESIDENT OF THE UNITED STATES: RICHARD M. NIXON FOR UNITED STATES SENATOR: EVERETT McKINLEY DIRKSEN FOR GOVERNOR: WILLIAM G. STRATTON FOR LIEUTENANT GOVERNOR: JOHN WILLIAM CHAPMAN FOR SECRETARY OF STATE: CHARLES F. CARPENTIER FOR AUDITOR OF PUBLIC ACCOUNTS: ELBERT S. SMITH FOK STATE TREASURER: ELMER J. HOFFMAN FOR ATTORNEY GENERAL: LATHAM CASTLE FOR CLERK OF THE SUPREME COURT: FOR PRESIDENT OF THE UNITED STATES: ERIC HASS FOR VICE-PRESIDENT OF THE UNITED STATES: GEORGIA COZZINI FOR UNITED STATES SENATOR: L.OUIS FISHER FOR GOVERNOR: EDWARD C. GROSS FOR LIEUTENANT GOVERNOR: FRANK SCHNUR FOR SECRETARY OF STATE: GREGORY P. LYNGAS FOR AUDITOR OF PUBLIC ACCOUNTS: STANLEY L. PROROK FOR STATE TREASURER: RUDOLPH KOSIC FOR ATTORNEY GENERAL: MRS. EARLE BENJAMIN SEARCY L_ GEORGE P. MILONAS ' FOR CUtJRK OF THE SUPREME COURT: WALTER J. LEIBFRITZ FOR TRUSTEES OF THE UNIVERSITY OF ILLINOIS: (Vote for Three) WAYNE A. JOHNSTON TIMOTHY W. SWAIN EARL M. HUGHES FOR TRUSTEES OF THE UNIVERSITY OF ILLINOIS: (Vote for Three) ELIZABETH W. WHITE •HENRY SCHILLING ALBERT BIKAR FOR CLERK of thp APPELLATE COURT: FOURTH DISTRICT D FOR CLERK OF THE APPELLATE COURT: FOURTH DISTRICT. "if a majority of the votes upon such question in such election are for the adoption of such act, the Governor shall thereupon proclaim the act in force effective January 1. 1957. \ statement setting forth in detail the provisions of the proposed Illinois Banking Act hai been certified to the County Cierk for filing and preservation for public inspection. Pursuant to the statutes of the State of Illinois in such case made and provided, the following Statement and Suggestions has been prepared for publication and posting as being necessary to afford a proper understanding of the proposition to be voted on as aforesaid. STATEMENTS AND SUGGESTIONS The proposed Illinois Banking Act applies to all existing and future Stale Banks and repeals all the provisions ol "An Act to Revise the Law in Relation to Banks and Banking", approved June °3 1119 ratified by vote of the people November 2, 1920. and Acts Amendatory thereof. ' In the sense of organization, arrangement and phraseology this is a complete and new bank- in" law. In the sense of substantive content the Illinois Banking Act is a restatement of the law no*w in force with certain changes, additions and clarifications which are herein noted. The significant changes, additions and clarifications mad° in this proposed Illinois Banking Act are as follows: (a) The minimum capita! requirements of the present Act remain unchanged but in the chartering of new banks and in mergers, conversions and reorganizations the Auditor of Public Accounts is required to determine that a "proposed bank's future earnings prospects are favorable and that he general character of its proposed management is such as to assure reasonable promise of successful operation. The restriction against establishment of additional banks in communities of 2500 or less inhabitants is removed. In the case of the community of over 100.000 inhabitants the requirement of residence of the incorporates within three miles of the proposed bank's location is eliminated. The incorporators are each required to subscribe and pay for not less than one per cent *c) of the capital, surplus and reserve. <b> The supervisory authority of the Auditor of Public Accounts is broadened and clarified in organizations, bank operations, examinations, liquidations and receiverships. (c) Corrective action may be taken by the Auditor of Public Accounts not only in situations of actual or threatened capital impairment but also when a bank's business is being conducted in an unlawful, fraudulent or unsafe manner. The Auditor's action is under court supervision. id) As an alternative to liquidation mechanisms for the re-organization of a state bank are provided and statutory minimum requirements for a reorganization plan are defined. <e) There is an express statement of the power of banks to adopt reasonable bonus and pension plans for officers and employes, to make reasonable donations and to pledge assets to secure sorrowed money, deposits of public money of the United States and of the State of Illinois and deposits when security therefor is required by the national bankruptcy law. The authority and manner by which a bank may own real estate In or with which to do business is stated and clarified. if) There are provisions for the issuance of preferred stock by state banks and permissible provisions for its redemption, priority and conversion are set forth. (g) The pre-emptive right of stockholders to acquire a proportionate share of stock in the case of a capital increase is stated and authority for the issuance of stock for a price in excess of its par value is given. The corporate procedures for banks in many respects are brought into conformity with corporate procedures as established in the Business Corporation Act. <h) The existing prohibition against branch banking is retained, but the proposed Act contains a definition of the words "banking house", "branch banking", "branch office" and "additional office or agency" under which a place for the conduct of bank business would not be in violation of the aranch banking prohibition if such place is adjacent to and connected with the main banking prem- ses, or, if such place is not so connected, it is separated from the main banking premises by not more than an alley, in which latter event the connection with the main banking premises may consist of simply a'public or private way across the alloy although connection by subterranean or overhead passage would stiil be permitted. However, in any event such place cannot be within any Dffice or room in which any business or service other than the business of the bank is conducted or carried on. In addition under the said definition, a place at which only records of business are nade, posted or kept, would not be in violation of the branch banking prohibition, wheresoever such a place might be located. ii> In mergers and conversions involving state and national banks federal law controls all matters affecting national banks and the rights of dissenting stockholders where there is a resulting national bank. A new provision provides for mergers between state banks and trust companies under stated conditions. (j) An emergency sale of a bank's assets 'with the Auditor's aptu-oval) may be directed by a majority vote of the directors instead of the two-thirds vote required under present law. <k) A new exemption from basic loaning limits permits loans.up to 30^ of capital and surplus when such loans are secured by livestock collateral having a value of not less than 115<~ 0 of the loan. <|) The restraint on dividend payments is changed so as to require not less than one-tenth of earnings to surplus until surplus equals capital. The present law imposes the restraint only until surplus equals 20 r i of capital. cm) The prohibition against transaction of the business of banking and use of the words "bank", "banker" or "banking" is extended to apply to corporations not having banking powers. in) In bank receiverships creditors holding two-thirds in amount of claims may appoint a receiver instead of the present law's requirement of two-thirds in both number and amount. Claims in receiverships are given 3 r r interest th,:-reon and a new provision permits full payment of claims of 510.00 or under in lieu of dividends thereon. r (o) A separability clause is added. Invalidity of single provisions does not affect other provisions. JAMES R, MCLAUGHLIN EARL POLLOCK FOR REPRESENTATIVE IN CONGRESS! TWENTY-FOURTH DISTRICT. FOR REPRESENTATIVE IN CONGRESS: TWENTY-FOURTH DISTRICT D MELVIN PRICE D FOR MEMBERS OF THE GENERAL ASSEMBLY: STATE REPRESENTATIVES: FIFTY-THIRD DISTRICT. (Vote for One, Two or Three) PAUL SIMON i LLOYD "CURLY" HARRIS FOR CLERK OF THE CIRCUIT COURT: O SIMON KELLERMANN, JR. FOR RECORDER OF DEEDS: D JAMES F. CHAPMAN FOR STATE'S ATTORNEY: D DICK H. MUDGE, JR. ^^ FOB CORONER; C] DR. W. W. BILLINGS FOR COUNTY AUDITOR: [D JOHN L, KRAYNAK _ O CD ^^ (U WALDO E. (Ernie) SCHELLENGER FOR MEMBERS OF TIIE GENERAL ASSEMBLY: STATE REPRESENT A1TVKS: FIFTY-THIRD DISTRICT. (Vote for One, Two or Three) RALPH T. SMITH THOMAS HOLLAND FOR CLERK OF THE CIRCUIT COURT: CHARLES A. O'NEIL FOR RECORDER OF DEEDS: GEORGE E. LITTLE, JR. FOR STATE'S ATTORNEY! EDWARD D. GROSHONG FOR CORONER: WILLIAM G. STRAUBE FOR COUNTY AUDITOR: RUTH M. McCORMICK Approved this 12th day of July, A. D 1936. LATHAM CASTLE Attorney General CHARLES s F. CARPENTIER Secretary of State. NOIS \ss. NGAMON f OFFICE OF THE SECRETARY OF STATE CAPITOL BUILDING SPRINGFIELD ILLINOIS STATE OF ILLINOIS COUNTY OF SANGAMON TO THE COUNTY CLERK OF MADISON COUNTY. ILLINOIS: I, CHARLES F. CARPENTIER, Secretary of State of the State of Illinois, do hereby certify that the foregoing is a true copy of the Statement and Suggestions prepared by me as necessary to afford a proper understanding of the proposition to adopt the Illinois Banking Act, which proposition is to be submitted to the voters at the general election on November 6, 1956. And I further certify that saici Statement and Suggestions have been .submitted to and approved by the Attorney General of i):i- State of Illinois and do hereby certify them to you to have published and posted in accordance with tht- provisions of Illinois Revised Statutes 1955, chapter 7Hi paragraph 11, for the general election to be held on Tuesday, November 6, 1956. IN WITNESS WHEREOF, I hereunto set my hand and affix the Great Seal of the State of Illinois. Done at my office in the Capitol Building in the city of Springfield, this oth day of September, A. D. 1956, and of the Independence of the United States the one hundred and eighty-first. CHARLES F. CARPENTIER Secretary of State. The polls of said Election will be opened at 6 o'clock A.M. and, continue open until 5 o'clock In the afternoon of the said day. Dated at Edwardsville, Illinois this, third day of October in the year of our Lord, One Thousand Mine Hundred and Fifty-Sb, BULALIA HOBS County Clerk

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