Rio Grande Herald (Rio Grande City, Tex.), Vol. 33, No. 23, Ed. 1 Thursday, March 20, 1975 Page: 3 of 24
twenty four pages : ill. ; page 16 x 11 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
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THK HIO GRANDE HERALD PAGE 3 THURSDAY, MARCH 20,1975
Four File For Water
District Posts
Four persons filed for two
seats on the Board of Directors
of the Starr County Water
Control and Improvement
District**'.'..
Early candidates were Lauro
I-opez, an incumbent director,
Adela Guerrero, Saul Hinojosa,
and Fernando Salinas.
Absentee has beyun in that
election and the Board of
Directors have designated the
Water District Business Office
at 505 East Main to be the voting
place for persons who believe
they will be absent on election
day.
I /jpez and Guerrero will be
supported by the United Groups
for Better Government and the
other two candidates. Hinojosa
and Salinas are expected to be
supported by the New Party.
The election for the water
board election will be held on
April 5th.
The lowest elevation in Africa
is Munkhafad A1 Qattarah, 436
feet below sea level
NEW RESTAURANT OPENS-A new restaurant opened Tuesday-Sandalio's. The cuisine
consists of the traditional Mexican food, seafoods, and steaks will be the specialty of the
house. The owner, Jimmy Duran, reveals that the grand opeining will be held Saturday at
11:00 a.m., however, the establishment is presently open for business. Duran states that he
will be preparing specials of the house in the near future, and he hopes he will be well
received by his patrons.
Garmon Theatre
WHAT HE STOLE
WAS LUNCH
DANBURY, Conn. — A
case of mistaken paper bags
netted a thief a hamburger in-
stead of $379, police said here.
Officers said that a dress
shop employe, carrying two pa-
per bags — one containing shop
receipts, the other the ham-
burger — was walking to a
bank when a young man
wrenched the bag with the
hamburger from her hand and
fled in a car.
THE DREAM HAS
COME TRUE!
s
T
A
R
R
County Has
Its Own Hospital!
OUR THANKS TO
DR. MARIO RAMIREZ
For His Services
To Humanity . . .
Compliments—
RIO GRANDE CITY
JAYCEES
THE .
FAMILY
LAWYER
'' Activist'' Shareholder
Suppose a political activist buys
one share of stock in a corpora-
tion that makes puns. His purpose
is to gain access to a list of share-
holders, so he can arouse their
opposition to the company's prod-
ucts.
Would the company have to let
him see the books?
Most courts faced with this
question have said no. Ttue, every
stockholder is a co-owner of the
corporation. However, say these
courts, the relationship is strictly
economic, not political. To see the
hooks he must have an economic
motive. He must he acting, at least
in part, to protect his investment.
...and a HEAP of
HILARIOUS
HAPPENINGS!
WALT
DISNEY
PRODUCTIONS
TECHNICOLOR CJ
n, . , ,.y nn
Mon.-Mar. 24 —Starting Time 6:30P.M.
Sat. • Mar. 22 —Starting Time 2:30 P.M.
The activist shareholder is new
but the problem is old: how open
should a corporation's books be'.'
( learly, there has to be some sort
of limitation on access. As one
judge explained, in barring a stock
holder who was "just curious ":
"Considering the huge si/e of
many modern corporations and
the complicated nature of their
bookkeeping, to permit their
thousands of stockholders to roam
at will through their records would
render impossible not only any
attempt to keep their records effi-
ciently hut the proper carrying on
of their businesses."
On the other hand, a stock-
holder with a legitimate economic
motive generally cannot be pre
vented from seeing the books
merely because the management
doesn't happen to like him.
One stockholder was refused
access to his company's books be-
cause he was considered a "trou-
blemaker." He was indeed a trou-
blemaker. But the trouble he
wanted to make was getting rid
of the management, which he
thought was doing a bad job of
running the business.
In these circumstances, a court
ordered the company to open the
books for his inspection. The court
said that for a disgruntled in-
vestor throwing the management
out was a natural and proper ob-
jective.
Garmon Theatre
WINNER
ACADEMY AWARDS
DEST PICTDRE
BEST DIRECTOR
BEST STORY AND SCREENPLAY
BEST FILM EDITING • BEST ART DIRECTION
BFST SCORING • BEST COSTUME DESIGN
PAUL ROBERT
NEWMAN REDFORD
ROBERT SHAW
IN A Hit I /I 'Mil I IPS' 'HI >1 'I X IK)' ■ (>y
A GEORGE ROY HILL FILM
THE SUING
A PICHAPD D ZANUCK DAVID BPOWN Pfft SEN TAT ION
Written by Dialled by
DAVID S WARD GEORGE ROY HILL
Produced by
TONY BILL and MICHAEL & JULIA PHILLIPS
Vuvc Adapted by MARVIN MAWUSCH • flCHNlC'JiOR * & JNIVf RSAl PtCTURf
ORIGINAL SOUNDTRACK AVAIL AfllE
{ XClUSIVFlY ON M(.A Hf CORDS AND JAPf 5
PG
•••is'ii r.oiMMO luooii'i
Sun. -Mar. 23 —Starting Time 2:30 P.M.
Fri. -Mar. 21— Starting Time 6:30 P.M.
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Van Nest, Lloyd A. Rio Grande Herald (Rio Grande City, Tex.), Vol. 33, No. 23, Ed. 1 Thursday, March 20, 1975, newspaper, March 20, 1975; Rio Grande City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth194503/m1/3/: accessed May 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rio Grande City Public Library.