MANHATTAN NAT'L <MLC> HOLDERS VOTE STOCK SALE Manhattan National Corp said its shareholders overwhelmingly approved a proprosal through which <Union Central Life Insurance Co> took control of the company by acquiring about 3.6 mln shares of newly issued Manhattan National common stock for 43.2 mln dlrs. The company said the transaction gives Union Central, a Cincinnati-based mutual insurance company, a total of 8,804,397 shares of Manhattan National stock, or 52.2 pct of the total outstanding. Manhattan National said about three mln dlrs of the invested funds will be used to repay short-term debt and two mln dlrs has been earmarked for other short-term needs. The remainder will be available for the company's insurance units, or for other business purposes, it said. Charles C. Hinkley, president and chief executive officer of Union Central, is expected to be named chairman, president and chief executive of Manhattan National, the company said.