1959

              1959
On July 29, 1959, a special meeting of the shareholders was called
for the purpose of considering and acting upon two proposed amendments to the Certificate of Incorporation:
1 - That the name of the Company be changed to Utah
Construction & Mining Co. from the old name, Utah
Construction Company, and
2 - That the authorized capital stock of the Company be
increased from 2 million shares to 10 million shares, the
par value remaining unchanged at $2.00 per share.
Both proposals were approved by the shareholders and became
effective on August 10, 1959.
Land Development and Special Ventures
Moraga Valley - The Company owns over 4,000 acres in
Moraga Valley, a few miles east of Oakland, California.   This
extensive land holding is strategically located to benefit by
the growth of the San Francisco Bay region and is being
developed at a patient pace designed to achieve maximum
project profits. 
South San Francisco Industrial Park-  In South San Francisco
the Company created an industrial park by a leveling and
filling oeration that rendered more valuable the hilly land
and marsh land originally purchased.
Alameda - Through two wholly-owned subsidiaries, our Company
had important land holdings in the city of Alameda.   This land
was created by dredging sand from San Francisco Bay; South
Shore Center, Inc. is the owner of a shopping center having a
building area of 280,000 sq. ft. and land area of 65 acres.   South
Shore Land Co.  owns 335 acres which it is developing as
residential lots for resale to residential builders.
Vandenberg Village.   During 1959 through a wholly-owned subsidiary Utah acquired the right to develop for real estate purposes
some 3, 000 acres of land adjoining the Vandenberg Air Force Base