The Birmingham age-herald., 1909-04-15
CARSE AGAIN HEADS
 REALTY COMPANY Annual Stockholders Meeting
 Held Yesterday YEARS SALES S576,324.06 President Says Large Expenditures May Be Necessary During Coming
 Year to Put Other Prop
 erty on the Market.
YEARS SALES S576,324.06

Following the election of directors at the annual meeting of the Birmingham Realty company yesterday the directors elected Henry R. Carse of New York president; William Halls, Jr, vice pres- ident; I. c. Beatty, general manager; Frank Norris, secretary and treasurer, and J. ". Hale assistant secretary The annual meeting of stockholders was held at noon, there being Il, TOO shares rep resented out of total of 16,457 Frank Nelson Jr., presided over the stockhold- CTS, who listened to the report of Pres ident Carse, as follows
 Birmingham, April IA, 1909. To the Stockholders of the Birmingham
 Realty Company:
 The report of the operations of the com- pany for the fiscal year ending March 31, 1909 Is submitted herewith:
 Preferred stock outstanding. IS 347 100. % Common stock outstanding. %. 1,2996 800 00 Preferred stock retired during
 the past year ............. 7a 400. % Sales of property for the fiscal
 year .......................... 676S24. .Os Income from rents, interest, Dolcito quarry and other
 sources .......................... 106. AS Taxes and city assessments for
 streets and sewers. ........ 1,663 55 Street improvements, repairs
 and buildings erected for rent
 ing ......................... 4S,Ss1 55 New houses for purchasers of
 companys property ......... 1OS,61S. .21 Cash on hand March 31, 1909,
 less April dividend .... 7O.e57 .O6 Amount applicable to purchase
 of preferred stock ........... 42,614. O6 Dividends for the past year have been paid at the rate of per cent per an- num on both the common and preferred stocks of the company, it having been I deemed wise by the board of directors to maintain the cash balance so that any improvements that might be found to be necessary to develop the property of the company could be undertaken without the l necessity of borrowing money. Careful thought and study have been given to the development of the property during the past year, the principal work being the opening of Hanover Place, and the sales of property have indicated the wisdom of the course pursued It may be necessary during the com ing year to make further large expendi- lures in bringing into the market cer- tain tracts of the company's property at present undeveloped.
 The amount paid in taxes during the past year was much larger than in for mer years owing to general. readjust- ment of assessment valuations in the city of Birmingham.
 The Dolcito quarry has been operated continuously during the past year and the results have proven more satisfac- tory to the directors. Yours truly,
 HENRY R. CARSE, President The stockholders reelected the follow ing directors: John M. Caldwell, Henry R. Carse, Culpepper Exum. William Halls, Jr., William Woodward, M. V. Joseph, John London, David Roberts. Henry G. Robinson.
 In addition to electlng the officers of the company the directors elected the fol- lowing executive committed: M V. Jo- seph, chairman; John London and David Roberts