Announces Incorporation
KEYSTONE - William B. Hill, Nelma A. Hill, and Mabel C. Statler
have announced formation of the
Keystone-Arthur Telephone Company with its principal place of business
at Keystone. The three are listed as incorporators of the firm. The amount
of capital stock is $100,000 and is to be divided into 1,000 shares of
common stock with a par value of $100 per share.General business of the
company, according to a notice of incorporation, will be to carry on transmission
of telephone messages and other telephone business in Keystone, Arthur
and in Lemoyne. The notice states that purpose "shall be to build, construct,
operate and maintain a telephone exchange.... to buy, lease or other- wise
acquire other telephone systems, to enter into operating lease with other
telephone systems, to acquire, purchase, hold, own, sell, lease, dispose
of, transfer and convey lands, buildings, structures, franchises and equipment
incident thereto.”
William Hill, manager of the Keystone Telephone Exchange, examines the switchboard, which was used when Keystone first received telephones in 1919. Mr. Hill recalls that there were 300 phones in Keystone at that time-long before Kingsley Dam was built. The Keystone Phone Co. served two lumber yards, a theater, two garages, a bank, and several other stores in those days. Now, the phone company has 86 phones in use, five of which are listed as business phones. A new dial system last week replaced the former system.