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Show 1959 On July 29, 1959, a special meeting of the shareholders was called for the purpose of considering and acting upon two proposed amendments to the Certificate of Incorporation: 1 - That the name of the Company be changed to Utah Construction & Mining Co. from the old name, Utah Construction Company, and 2 - That the authorized capital stock of the Company be increased from 2 million shares to 10 million shares, the par value remaining unchanged at $2.00 per share. Both proposals were approved by the shareholders and became effective on August 10, 1959. Land Development and Special Ventures Moraga Valley - The Company owns over 4,000 acres in Moraga Valley, a few miles east of Oakland, California. This extensive land holding is strategically located to benefit by the growth of the San Francisco Bay region and is being developed at a patient pace designed to achieve maximum project profits. South San Francisco Industrial Park- In South San Francisco the Company created an industrial park by a leveling and filling oeration that rendered more valuable the hilly land and marsh land originally purchased. Alameda - Through two wholly-owned subsidiaries, our Company had important land holdings in the city of Alameda. This land was created by dredging sand from San Francisco Bay; South Shore Center, Inc. is the owner of a shopping center having a building area of 280,000 sq. ft. and land area of 65 acres. South Shore Land Co. owns 335 acres which it is developing as residential lots for resale to residential builders. Vandenberg Village. During 1959 through a wholly-owned subsidiary Utah acquired the right to develop for real estate purposes some 3, 000 acres of land adjoining the Vandenberg Air Force Base |
