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Argus To Elect Officers Monday

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Argus To Elect
Officers Monday

New Board Will Hold
Organization Meeting

Members of the newly elected
board of directors of Argus, Inc.,
will meet. at the plant at 2:30 Mon-^
day :'""--'-inon to elect company
offi i lay plans for the sta-
bilization of operations and em-
ployment. I

A new president, executive vice-
president and general manager
nrnhqbii, ,viu ^ elected Monday. I

;ions of president, gen-J
Ciai ^luncio'er and chairman of thef
board are now vacant. ^

George Burke, sr., recently!
served as temporary board chair^|
man, but his tenure of office endedf
following the hectic annual stock-
holders meeting last week.
Six Of Eight Seats

At that session, which lasted two
days and two (he local
management gror -six of the
eight positions on the board of di-

The meeting Monday climaxes a
turbulent period for the local firm.
During the past year a vice-presi-
dent was killed in a plane crash,
a board chairman was fatally
burned in a fire, and the presi-
dent of the company resigned, re-
ported by request of the directors.

The company and eight officers
and former officers were named
defendents in a million dollar
stockholder's suit which is still

Despite the serious financial dif-
ficulties of the past year, opera-
tions since April have been on a
profitable basis, a company report