The Birmingham age-herald., 1920-06-16
ALABAMA POWER
 COMPANY OFFERS
 S1,OO0,OOO STOCK
Company Wants Capital for Further Development and Offers Cumulative Pre-
 ferred Stock to Public

The Alabama Power Com
 pany is offering S1,0C0,000 If .7 per cent cumulative pre- rfe---- stock to the citize-:.s of
 Alabama.
 Especially favoEAD4e terms
 of purchase are offered the
 customers and employees of the
 company.
 The additional capital derived from the sale will be used for development
 and extension of the company's prop critics.
 It is understood that considerable of
 the stock has already been purchased by the employees
 Terms of payment are as follows: On cash basis: As many shares as
 are desired or the company may have to offer at S93 per share plus the | accrued dividend to date of payment. On partial payment: Any number | of shares, up to twenty-five. paying $5
 per share down and $5 per share each month until the purchase price is
 paid; to the final payment of s3 Is to he added the accrued dividend from the last preceding dividend date. This privilege is extended subscrib- CTS on the partial payment plan: Should partial payment purchasers
 at any time or for<any reason desire to withdraw before completing their purchase money paid in can be with di avn in full with interest at per cent per annum upon ten days notice to the company at any time prior to the date of final payment. On the other hand, purchasers may pay for their stock in full at any time and cure stock certificate" DIVIDEND PAYABLE Dividends are payable four times a year, January l, April l, July 1 and October l.
 The Alabama Power Company has been in successful operation for seven years and at this time has regular customers for its entire power produc- ten. The demand for current is in- creasing with great rapidity. The company serves directly and in-
 directly a population conservatively estimated at over 550.000. located in central and northern Alabama and is now extending it's lines to Selma, and is furnishing power for one of the Montgomery utilities.
 Directly or indirectly the company does the electric light and power busi- ness in forty cities, and the street rail- way business in three cities. It furnishes the power distributed throughout Greater Birmingham and Ressemer by the Birmingham Railway, Light and Power Company and that distributed by the Montgomery Light ard Water Power Company. Among other plants using the Ala bama Power Companys current are many cotton mills, thirtyfive coal mines, electric steel furnaces, steel mills, cement works, graphite mills and the like.
 BUILDING LINE The company at this time is building a transmission line from Gadsden to Lindale. Ga, in order to connect with the lines of the Georgia Railway, Light and Power Company, which, in turn are connected with the power systems of Tennessee and the Carolinas. This connection will prove of great mutual advantage by enabling the shifting of the electric load to such points as may require it from time to time. It will also supplement the power In one state when the rivers are low there while high in another watershed The properties of the company in clude s0.000 horse power water plant
 on the Coosa river later to be in
 crea sed to 10000 horse power; two re-
 serve steam plants of 15,000 and 35,o00
 horse power respectively and a trans
 mrssion system of 1000 miles, Besides the water power site already
 developed, the company has available ones on the Coosa river, which Is a navigable stream and at Little River al Cherokee Bluffs on non-navigable streams.
 Development of additional water power is feasible with or without fed- oral authority and will take one form or the other according to conditions. The Alabama Power Company is in strategic position with additional consumers earnestly seeking to tie on and the assuredness of an increased
 cor assumption following immediately on
 the heels of successive increases in production.