The Birmingham age-herald., 1922-02-21
PROPOSAL OANNUL GORGAS
 PLANT CONTRACT
Stockholders of Alabama Power Company Set Forth the Agreement With
 
 Government

At annual meeting of the stock holders of tho Alabama Power com pany held in the company offices here yesterday. resolutions were adopted in protest of the proposal to abrogate the contract entered into between the company and the gov ernment in the building of the Coz gas power plant extension.
 In particular it is claimed that if this contract were abrogated. as is proposed by Henry Ford. it would render the company unable to furnish adequate service to many manufacturing elants and the towns and cities served by it.
 The companys actions in the Mus cle Shoals matter was endorsed. This action was taken by more than ninety per cent of the shareholders represented at the meeting. There are more than 5000 shareholders in this company in Alabama.
 1t was brought out at the meeting that there had been criticism of some of the interested parties pre- testing against the bid of Henry Ford on the grounds that they had
 
 bid. The course of the officials of the Alabama Power company in sub hitting such bid was generally com mended
 Resolutions were adopted calling upon the government to stand by it's contract with the Alabama Power company, wherein it is provided that the company shall have the right 70 purchase from the government all it's rights in the Gorgas plant at a price fixed by arbitration at any time sub- sequent to three years after the close of the war.
 There were number of the prom inent stockholders of the company present at the meeting yesterday. w. N. Walmsley, one of the vice presi- dents of the company preside at the meeting in the absence of Presi- dent Thomas W. Martin, who Is in Washington. Considerable routine business was transacted at the meet ing, including the election of the following directors to serve for the ensuing year, all of whom are re- elected from the past year.
 Thomas w. Martin, Gerhard NJ. Dahl, c. F. Groesbeek W. H. Has singer, W. J. Henderson R. A. Mitch ell, W. II. Weatherly. H. S. Swann, W. N. Walmsley, S. z. Mitchell, Rich ard N. Hobhe and Frank NJ. Moody.
 The following Is the text of the resolutions adopted at the meeting;
 Domestic Corporation
 Whereas, The Alabama Power company is a domestic corporation. organized and existing under the laws of the state of Alabama; and
 Whereas, The Alabama Power company is now engaged in the bust ness of furnishing to the public cleo tricity. modern necessity: and
 Whereas. There are more than three thousand holders of the stock of said company who are residents and citizens of the state of Alabama; and
 GOrEas Contract
 "Whereas, This company is now using the facilities of the extension of the steam plant of the Alabama Power company at Gorgas, on the Warrior river, constructed under the terms of contract made and en- tered into by this company with the United States of America. in accord ance with the terms of said contract; and
 "whereas. This company. relying upon the moral and legal oblifations of the government in the use of such steam plant extension. and the right to purchanse the same provided in the terms of said contract, has en- tered into agreements to supply and is now by means Of such extension supplying electricity to the public. and
 WnuId Cripple Company
 Whereas, the abroeation of said contract will render this company unable to furnish adequate service to many manufacturing plants and the towns and cities served by it;
 Now, therefore, be it resolved. That the stockholders of Alabama Power company in this meeting as- sembled. at which the holders Of over ninety per cent of the capital stock of the company are represented. earnestly protest against any action done toward the abrogation of said contract, or the taking or condemna- ton of the said extension of the steam plan of this company at Cor gas on the Warrior river be and is hereby earnestly protested.
 And it is further resolved, That copies of this resolution be certified by the secretary of the company and forwarded to the Secretary of War, members of Congress and such other officials of the government as the officers of this company may deem desirable"