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American Steel Recall Employes Sept. Officials of the American Steel Wire today announced its Newburgh Works, closed will reTuesday 400 employes be Ask Memphis Bank Receiver Rudolph E. Reichert, banking sioner, has filed with Attorney General Paul Voorhies, asking that custodian beappointed for the Center Line State Savings bank which closed Aug. 22. Reichert has also petitioned for receiver for the Memphis State bank which closed Aug. 17.
Macomb May Get Dividend at Once Judge Offers Plan for Certificates MT. CLEMENS, April plan for the payment depositors three end in Macomb County Wednesday an order signed by Circuit Judge James The order applies only to the Center Line State Savings Bank, Judge Spier said that intention to the First State of East and Savings Bank the Center Bank, on April 15, will issue its depositors certificates cent The total be about $20,000. certificates, denominations and $10. will be negotiable. The certificates may tle obligations their holders may was explained. will be sound the utitimate the bank out the liquidation cer tain to be much more than cent. Three hundred students of the Society Automotive Engineers from tertained by officers at Selfridge Field five-year-old against William Campbell Land owners of the subdivision Lake Clair, known as Clair Haven, was brought end in circuit court Wednesday Judge James E. Spier gave the plaintiff, Stephen Detroit, judgment for interest $27,026.74 Healy, troit building claimed the amount him for dredging work in the subdivision. On petition of Leo Moriarty, ascharge for one-man which affairs the Citizens Bank Judge Neil Reid Circuit Court records the bank impounded in care of the ceiver. All of the 12,000 needed for the sugar beets have for and being signed. according to County Agent William Murphy.
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# Act to Repair # Police Post State Trooper Detail Assured The Board of Supervisors this morning authorized County Controller Sherwood Bennett to make necessary repairs to the old Center Line Savings Bank building, provided the property can be leased as temporary headquarters for the proposed state police post. A spokesman for Gov. Murray D. Van Wagoner last week assured Bennett that the state will establish a seven-man post in South Macomb if suitable quarters can be rented. The state will pay the rental provided the county pays the cost of converting the building, it was agreed. Melvin Van Howe, receiver for the bank, has declined to give the county a definite answer because he claims the property may be sold.
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Center Line Savings' Bank Payoff Underway A 10 per cent payoff totaling $48,000 to 700 depositors of the defunct Center Line State Savings Bank was underway today at the office of Melvin Van Howe, the receiver, 25307 Van Dyke. The payoff lifts to 87 1/2 per cent the amount paid since the bank entered receivership. Certificates should either be presented personally to Van Howe or mailed to him. An order authorizing the payoff was signed by Circuit Judge James E. Spier.
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Bank Depositors Get New 10 Pct. Payoff CENTER LINE, Nov. 24-A $48,000 payoff to 700 depositors of the defunct Center Line Savings Bank was under way today at the office of Melvin Vanhowe, receiver, 25307 Van Dyke avenue. The current 10 per cent payoff lifts to 87½ per cent the total paid depositors since the bank entered receivership.
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Center Line Savings Pays Final Dividend A final dividend to all creditors of the closed Center Line State Savings Bank amounting to 4.3 per cent was ordered by the Circuit Court this week. The total return to creditors amounts to 91.8. The bank was one of many closed in South Macomb County in 1932. Affairs of the receivership have been administered by Melvin VanHowe, under the jurisdiction of the Macomb County Circuit Court. Checks may be called for in person at the office of the receiver in the Kaiser Building. East Detroit, or they may be obtained by mail by returning the outstanding Certificate of Claim to the receiver's office.