EXECUTIVE ORDER NO. 25

WHEREAS, Executive Order No. 20, bearing date of the first of March, 1950, and signed by me, did direct the Treasurer of the State of New Jersey, Walter T. Margetts, Jr., to take possession of the plants, offices, facilities and equipment of the New Jersey Bell Telephone Company, a corporation of the State of New Jersey, or such part or parts thereof as might be necessary to the maintenance of necessary and essential telephonic communication for the people of the State of New Jersey and thereby to protect the public interest, health and welfare; and

WHEREAS, the aforesaid Executive Order was issued because the said Company and the New Jersey Traffic Division No.55, Communication Workers of America (C.I.O.), the representtaive for collective bargaining purposes of the employees in the Traffic Division of said Company, had not reached final agreement as to all conditions of employment effecting such employees through collective bargaining, and the dispute between said parties threatened to interrupt the effective opertaion of the Company's telephone service thereby jeopardizing the public interest, health and welfare; and

WHEREAS, by the terms thereof, the said Executive Order was issued pursuant to authority conferred by Chapter 38 of the Laws of 1946, as amended by Chapters 47 and 75 of the Laws of 1947, and as supplemented by Chapter 308 of the Laws of 1949, in order to protect the public interest, health and welfare; and

WHEREAS, the aforesaid parties have as a result of collective bargaining arrived at an understanding satisfactory to boith parties and have agreed to the same in writing by an greement dated October 6, 1950, as a result of which the labor dispute which threatened to interrupt the aforesaid telephone operations has been and is now settled: