Green galley School
: We pause as • new term begins
' to nail ■ lew of the (iccomplub
■ meats which have been realised in
our school during the first part of
the school year. Our principal,
' Mr. John Marsh, is Investing money
•that is made in the school im
' mediately so that students and
their parents may have advantage
! of the facilities that it makes pos
sible.
Since this year started a new
22 foot freezer has been installed
Jin our food storage room. The
freeier enables (be school to coo-,
(serve the commodate* that the
| U. S. government males possible
for the lunchroom. It also pro
vides s convenience since we form
erly had been storing our fatten
(foods in Boone.
! Two new record players have
ibeen purchased. We now have a
record player for each two rooms.
A great addition has been maife
jto our group of records for music
' appreciation.
Statement
I AMERICAN CREDIT INDEMNITY COMPANY, New York, N. Y.
, Condition December II, 1955, u Shown by Statement Filed
Assets
Bonds ..........— $12,582,773 15
j Stock* * UMMII
C»sh and bank deposits _ 1.486,320.37
jLess ceded reinsurance balances payable -106,136.14
Bills receivable, taken for premiums 266,704.14
Reinsurance recoverable on loss payments 27,986.97
Interest, dividends and real estate income due and
' accrued - - 73,664.44
All other assets as detailed in statement 77,117.08
Total admitted Assets —" $16,282,642.50
Liabilities, Snrplas and Other Funds -
Losses unpaid I — $ 1,661,567.30
Loss adjustment expenses unpaid 110,000.00
Other expenses (excluding taxes, licenses
and fees)—Underwriting ...... 229.782.79
Taxes, licenses and fees (excluding Federal income
taxes)—Underwriting 109.934.60
Federal income taxes _ 868,640.34
Unearned premiums _s - 2,007,171.03
Amounts withheld or retained by company for
account of others 85,100.31
Total liabilities $ 5,068332.27
Special surplus funds $ 443.046.77
Capital paid up 1,500,000.00
Unassigned funds (surplus) 8,240,763.46
Surplus as regards policyholders 11,183,810.23
Total : $16,252,642.50
Business in North Carolina Daring 1955
Line of Business Net Net Losms
Credit Insurance W»5. ^7
Total 880.249.86 $7.689.27
President: A. F. Stone: secretary: E. F. Kane; treasurer: F. L.
White; home office: New York, N. Y.; attorney for service: Chas. F.
Gold, Commissioner of Insurance, Raleigh, N. C.
North Carolina Insurance Department, Raleigh, 1998.
I, Chas. F. Gold, Commissioner of Ihs'uranee, do hereby certify that
the above i« I true and correct abstract of the statement of the
^American Credit Indemnity Company, of New York, N. Y„ filed with
this Department, showing the condition ot said company on the 31st
'day of December, 1886.
Witness my hand and official sell the day and date above written
CHARLES F- GOLD, Commissioner of Insurance.
We in especially proud 0# the
one which areVsed for instrument
identification Student* are auk
ing great progress in this field
now since they arc able tp co
ordinate the us* of these rec
ords with the large picture charts
of the instruments which we al
ready had.
The new public address system
which has been installed in the
lunchroom Jla a groat help during
programs. We use the record
pUyer during the lunch feouf.
" Over $200. yorth ol HWks have
been aded to our library this yeur.
Two hew large plastic maps have
been added to our collection They
are washable and are constructed
so that Hie true contour of the
earth's surface is evident when you
look at or handle the map. TOiey
will actually channel water in its
proper direction
Our stage, which is only a plat
form in the end of the lunchroom,
i* an attempt to make an audi
u. . ,? i
torhnn to whtrt to present pro
gram* at the school It ha* never
been n»it» luotessful due to its
height Mr. Iv*n Ferthing and his
men have been *t the school ihit
pa•( areak raiaiag this Mas*, so
tiu| children wfco are performing
might be aean and heard better.
A new velour curtain has been
ordered for the stage which will
be Installed some time during the
month. It will be a draw curtain
and will bo installed with a ham
front for the stage. We feel that
with our haw stage and curtain,
a*4 our new spotlight, the etfee
tiveres* of oar programs will be
greatly improved.
A new tape recorder has been
ordered. It should be delivered
I anytime.
The purchase ot these piece* ol
equipment mean subataiuial ad
vancement for Green Valley and
mean that the children who at
teni are being given advantage of
experiences comparable to those
of the best school* in the county
New Teacher
Mr*. C. D. CNell) Hendricks is
our new third grade teacher. She
repUoes Mrs. Eddie (Elizabeth)
Norris! Mr*. Hendricks taught in
King* Mountain last fall before
she moved to Boone. Mrs. Ralph
Buchanan i* assuming Mrs. Norri*'
duties In the library.
i Department Visits
. Mary Miehal and Mrs. Nan
cy Thomas were in our tchool
Friday afternoon. They were
checking firtt graders who did not
attend preeehool clinic* and re
checking other* with referral*.
FTA Heeling
The Green Valley PTA will
meet Thursday night, January 10,
at 7:M. The 7th grade will have
the program. It will be an attempt
to *how bow our audio-viaual
equipment is used in relation to
the muiic program. We think you
will enjoy it.
METEOBS
Scientist calculate that meteor*,
of (booting (tar* hit the earth's
atmosphere 2,300 timet a second
but only a few of them actually
fall to the earth's surface. The
scientiit* said the meteors could
be one of the greatest barriers to
the premised age of space travel.
NOTICC OP ADMINISTRATION
Having qualified aa the admini
strator of the estate of Larkln S.
Pennell, deceased, late of the
county of Watauga, State of North
Carolina, this is to notify those
having claims against the estate of
the (aid deceased to present them
te me within 12 months of the date
hereof, or this notice will be
pleaded in bar of their recovery.
Those indebted to the fitate are
asked to make prompt payment.
This December 21, 1036. STACT
C. JEGGERS, Jr., Boone, N. C.
1-Mc
Legal Notice#
AN ORDINANCE AUTHORIZ
ING THE ISSUANCE OT MO,000
I BE IT ORDAINED fay Ike Board
of Commissioners of the Town «f
blowing Rock, M follows:
Section 1. The Board of Com
missioners of the Town of Blow
ing Rock has ascertained and here
by determine* that it is necessary
for said Town to construct a swim
ming pool, os land now owned by
the Town, suitable tu provide re
creational facilities for the inha
bitants of said Town, and that it
wil he necessary to expend for
Mud purpose not less than $40,
Section 2. Said Board of Com
missioners has also ascertained
and hereby determines that the
purpose hereinbefore described is
a purpose for which said Town
mav raise or appropriate money,
and is n»t a current expense of
said Towa.
Section 3 In order to raise the
money required for such purpose,
bonds of the Town of Blowing
Rock ace hereby authorized and
shall be issued pursuant to The
Municipal Finance Set, 1921, of
North Carolina. The maximum ag
gregate amount of bonds authorii
ed by this ordinance shall be
Forty Thousand Dollars ($40,000).
Section 4. A tax aufficient to
pay the principal of and interest
on said bonds shall be annually
levied and collected.
Section 5. A statement of the
debt of said Town has been filed
with the. Town Clerk and Treasur
er of said Town, as required by
said Act, and Is open to public in
spection.
Section C. This ordinance ahall
take effect when approved by the
voters of said Town at an election
to be called and held as provided
in said Act.
The foregoing bond ordinance
was passed on the 29th day of
September, 1996 and was first
published on the 10th day of
January, 1987.
Any action or proceeding quest
ioning the validity of said ordin
ance must be commenced withia
thirty days after its first publica
tion.
NETTIE S. GREENE,
Town Clerk And Treasurer
Of The Town Of '
Blowing Rock, North Carolina
1-10-2C-1
I AUTO WO ML*
s». iobb.
Stock* i.~„ | '
rjSi an^bank deposits
Agents" balances or uncollected premiums
Less reded reinsurance >Abw payable ...
Btin receivable taken for preoiiv#)*
Reinsurance recoverable ou loss payments .......
Interest. dividends and real estate income one and
$Ioi A3QffllAb i
Total Assets
—tiM
iMKi unpaid
Liabilities. few-plus and ftthtar' fwb"
Loss ;id!Ustment expenses un|
Contingent commlssionsH
468,881 88
— t I;
. .. JB wMr mmllsr ehas#»a ...1..:
Other expensei (excluding tana. taOMiaes .
and tees) _ Underwriting $ 452.210 40
. •Jnnstni—t .... 3.888 38
3Sr«^Lfsr^MS?^. tag
Unearned premiums .J ' : — 97.365.
Dividends declared and unpaid: (a) Stockholders' ■"»=.
Funds held by company under reinsurance treaties
Amounts withheld or retained by company for account
of others
Unearned premiums on reinsurance
la unauthorized companies I MU)
Reinsurance on paid losses $1,805 03
and on unpaid loases $44,613 oo
due from unauthorized companies 46.518 03
ToUl t
Less funds held or retained by com-^^H
pany for account of such unau
thorised companies ...."
Emm at liability and compensation statutory ana
voluntary reserves over case basis and loss
, expense reserves .......... -
All other Liabilities, as detailed in statement
Total liabilities .7.3 i»
Capital paid up t $ 3,800,'
Unasaigned funds (surplus) —•. 38,100,1
Surplus as regards policyholders ...
Total —...—
750.74
|00.173.p
oMisfa
: !®t£|i
$ 58.420 687.tJ
... 41,800.038.
"" -si—a. to North 'Carolina Piling 1988
Line of Business Net
Premiums
Workman's compensation 8 48,867 05
Liability other than auto 31,709 10
Auto liability „ VtfiUMi
Auto property damage 56.666.04
Property damage other than auto 3,641.14
Fidelity IH!t. v. 7,748.01
Surety 3,8*8.00
Glass 2,160.01
Burglary and theft * 17,441.21
Total $246,588.00
14
13,027.1
W
862.1
-2,9971
President: Robert Z. Alexander; secretary; Archer I
urer: George T. Westwood; home office: Saint Ixiuis, Mo ; .
service: Chas. F. Gold, Commissioner of Insurance, Raleigh, N. ,C.
North Carolina Insurance Department, Raleigh, 198#.
I, Chas. F. Gold, Commissioner of Insurance, do hereby certify that
the above is a true and correct abstract of the statement of tl*e
American Automobile insurance Company, of Saint I.oui*. Mo., filed
with this Department, showing the condition of said Company on tne
31st day of December, 1055. 71 * ■ 1
Witness my hand and official seal, the day and date above written.
CHARLES F. GOLD. Commissioner of Insurance
- »
Xofftl admitted Aasets
All other Liabilities, ji detailed in statement
Total liabilities ,1.
Capital paid u£ $1
Unsaigned fUmls (surplus) I
Surplus m retards policyholders ~
Total
$3,003,188.84
il (except growing eropi
*#> -
1,873.35
32fi.l9
: John W. Lambie; secretary: J. R Schwartz; treasurer:
home office. Miami, Fla.; attorney for service: Chai. F.
Usaioner of Insurance, Raleigh, N. C.
North Carolina Insurance Department. Raleigh, 1855
'. Gold, .CoanmluioDer of Insurance, do hereby certify ttutf
a true and correct abetract of the statement of the American
naorance Company, of Miami, Fla., filed with this Deport
ing the condition of said company an the 31at day of
lyband and official seal, the day and date above written.
CHABLES F. GOLD, Commissioner of Insurance.