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The following officers were re-elected: William president and CEO; Bruce Teeters, senior vice president of finance and Robert Apgar, senior vice president, general counsek and assistant corporate secretary; Linda Crisp, vice presideny and corporate secretary; and Gary Moothart, vice president and controllefr Consolidated-Tomoka Land is focused on converting company-owned agricultural lands into a portfolipo of net lease income properties in the Southeasr through 1031 tax-deferred as well as development. A 1031 exchange, namedx after a section of the IRStax code, is the exchangew of one type of property for another similart type of property.
The firm in April reported first-quartefr net income was $322,206, or 6 cents per more than double net income for the same perioein 2008. Company shares closed at $32.7 1 June 12, down 4 cents from the previouws day’s close. Shares have traded from a low of $21.56 to a high of $50.578 over the last 52 weeks.
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