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Res 2011-094
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Res 2011-094
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Last modified
4/28/2016 1:56:43 PM
Creation date
8/8/2011 4:45:46 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2011-94
Date
8/2/2011
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CenturyLinrk- <br />1999 <br />Century announced a three - for -two stock split affected as a 50 percent dividend. <br />The company was admitted to the Standard & Poor's (S &P) 500 Index. <br />Shareholders voted to change the company's name to CenturyTel, Inc. <br />1998 <br />Century announced a three - for -two stock split affected as a 50 percent dividend. <br />The company acquired Louisiana -based Century Protection Systems, providing full- service security <br />systems to residential, commercial and industrial customers in northeastern Louisiana. <br />Century added about 89,000 access lines with purchase of Ameritech's telephone and directory <br />publishing operations in 19 exchanges in 21 northern and central Wisconsin communities. <br />1997 <br />Century acquired Delta Security Alarm Co., Inc., of Monroe, Louisiana, providing full- service security <br />systems to a customer base of nearly 4,000 residential, commercial and industrial customers in north <br />central Louisiana, southern Arkansas and northwestern Mississippi. <br />Century completed its largest acquisition to date with the purchase of Pacific Telecom, Inc. (PTI), gaining <br />about 660,000 telephone access lines in 12 states and doubling its size. <br />1996 <br />The company surpassed the half million- customer mark in its local exchange operations, and the <br />100,000- customer mark in its long distance operations. <br />1992 <br />Century paid $135 million for Central Telephone Company of Ohio, a Centel subsidiary serving more than <br />65,000 access lines. This acquisition increased Century's access line total by 20 percent. <br />Glen F. Post, III, was named Vice Chairman of the Board and Chief Executive Officer of Century. <br />1990 <br />Clarke M. Williams, Jr., resigned from Century after suffering a stroke. (He died in 1994, following a <br />lengthy illness.) <br />
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