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Syracuse Chiefs dormant stocks cleared with new ownership
By Ryan Fox
OSWEGO, N.Y.– Two years ago, 4,000 people held stock in the Syracuse Chiefs. This year, that number is down to 1,700. Syracuse.com reports that the Chiefs turned over 5,626 shares held by 2,300 people to New York state in 2015 and 2016 as abandoned property because the club had lost contact with their owners.According to Chiefs General Manager Jason Smorol, the team had no choice but to turn over the stocks, as it was required to clear its shareholder rolls of “dormant” stock by the state’s Abandoned Property Law. Under this law, businesses in New York are required to transfer abandoned money or securities to the state comptroller’s Office of Unclaimed Funds in a process called escheatment. While the transfer of dormant stock is required by state law, Syracuse.com reports that the Chiefs had never transferred it before their 2013 change in leadership.
The Chiefs have been community owned since 1961, when the AAA Montreal Royals moved down to Central New York. The local community wanted to ensure their team would be in Syracuse without worrying about a satellite owner moving it to a bigger market. Shares of the team were sold in 1961 and 1967 at $10 a share. With the team’s impending sale to the New York Mets, an official Chiefs press release values valid shares at $1,440 a peice. Abandoned shares have been frozen at $19 a share.
Syracuse.com reports that Smorol is in talks with the Comptroller’s Office about reissuing stock to those who come forward before the sale to the Mets goes through.
Owners of purged shares can contact the state comptroller’s office to try and reinstate their shares at (800) 221-9311.
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Fake ID’s Seized Following joint effort to Combat Underage Drinking
This past weekend, members of the Police Department along with investigators from the New York State Department of Motor Vehicles, SUNY Oswego police officers and local business owners; worked together to try and combat underage drinking and the use of fake ID’s.
Over 24 people were issued citations for attempting to use fake identification on Friday night. All fake ID’s were confiscated by DMV investigators.
The operation was conducted at three bars on West Bridge Street; Alley Cat’s on 23 W. Bridge Street, The Raven on 39 W. Bridge Street and The Sting on 49 W. Bridge Street.
This initiative is part of Governor Cuomo’s “No Excuses” Campaign which has conducted sweeps called “Operation Prevent” across the state to prevent underage drinking in New York State and keep New York Roadway’s safe.
Mayor Billy Barlow has been outspoken about the efforts made to prevent underage drinking, saying “The collaborative effort between local law enforcement, DMV investigators, local bar owners, SUNY Oswego and the city of Oswego, emphasizes the importance of these types of sweeps in our community.”
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Oregon Shooting: Remember the Hero
Chris Mintz.
That is the name of the student at Umpqua Community College who was shot five times in his attempt to save others from a gunman who went on a shooting rampage on the school’s campus. During the aftermath of the horrific shooting at the College, participants on social media have called for the widespread recognition of Mintz while stressing the importance of not popularizing the shooter.
The shooter has been identified as 26-year-old Christopher Harper Mercer, and the father of one of the victims said that during the shooting, Mercer intentionally targeted Christians. While it is unclear why he targeted the college specifically, it was reported that he went into at least two different classrooms.
A total of ten people were killed during the incident, with seven others reported as injured. The father of one of the victims stated that the gunman went into the classroom, and said (to the professor) “I’ve been waiting to do this for years” and then shot the professor point blank. Other reports say that he ordered “Christians” to stand up and then would shoot them when they emerged.
The gunman was reported dead earlier Thursday.
Chris Mintz is a 30-year-old military veteran and student of Umpqua Community College. According to claims, he attempted to block the door to prevent the gunman from coming into the classroom, and was shot three times. He then looked up at the gunman and stated “It’s my son’s birthday today”, to which he was shot at least two more times. While it is still unknown exactly how many times he was shot, it is reported that both of his legs are broken. He remains in stable condition at Mercy Medical Center.
President Barack Obama released a statement after the incident in which he indirectly pushed for stricter gun control laws, stating, “Somehow this has become routine,” he said. “The reporting is routine. My response here at this podium ends up being routine, the conversation in the aftermath of it. We’ve become numb to this.”
This incident is just one of the many that continue to seem more and more common in the United States.
In situations like this, it is important to publicize not the gunman, but the heroes like Chris Mintz.
*Quotes recorded from CNN.com*
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