Indianola development group signs off on merger
The Indianola Development Corp. (IDC), formed in May 1962 as a for-profit company that bought land for economic development, came to an end Dec. 22 when its shareholders voted to merge with the Indianola Development Association. The IDC sold its last piece of property in 2007. Shareholders representing 649 shares of the 1,048 shares of outstanding stock voted in favor of the merger, with 48 voting against the merger.
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