Paf Six
THE
NEWS-RECORD
MARSHALL, N. C, MAY 14, 1M
I
P ARRIS
ROBERTS
Two Students
Will Attend
Governor's School
Miss Donna Mary Parris, daugh
tor of Mr. and Mrs. Charles Par
ris, and Miss Cecelia Orlene Rob
erts, daughter of Mr. and Mrs.
Clyde M. Roberts, of Marshall,
have been selected to attend the
Governor's School of North Caro
lina this summer.
The two Marshall High School
students have been notified of this
honor, as was Superintendent R.
HOUSE HIT It TIMES
Piacataway Townahlp N. J.
Mr. and Mrs. William Ltebeck are
getting little tired of having
their house made a "throughway'
for traffic. For the sixteenth
time sine Sept 1, 1968, a car shot
off the highway, ripped up their
front steps and damaged their
house.
L. Edwards. The leltter to Mr.
Edwards expressed congratula
tions on the honor which the Mar
shall school has received. "We all
know that these students could not
have been selected unless they had
received an excellent education in
your schools," the letter stated.
The letter also said that only
400 students from the more than
3,000 that were nominated were
selected.
The Governor's School in Win
Bton-Salem will be opened June
10. It is supported by a substan
tiul grant from the Carnegie Cor
poration of New York and other
grants from business in Winston
Kulem. The summer program is for
Igifted liigh school students
Thi. Is The Law
by -
ROBERT B. LBS
For the N.C. Bar AsaocUtkm
CHATTKL MORTGAGES
What is a chattel mortgage?
A chattel mortgage is the type
of contract customarily used when
a person wants to borrow money
on the security of some item of
personal property which he
and wishes to keep in his
Tlie chattel mortgage is also
occasionally used as a security de
vice when a person buys personal
property on the installment plan.
In such instances, the buyer has
the possesion and title to the
property, as least in theory, for
some short period of time; where
upon he transfers the title to, or
hen on, the property by Way of
security to the original seller.
Usually, the mortgage is executed
immediately after the sale as a
part of the same transaction. It
m inferred to as a
y mortgage." The parties to the
transaction are caller the mort
gagor (the buyer) and the mort
gagee (the seller). After too
orteuutl sale to the buyer, he be
som as the absolute owner with the
lacal title in him and it is he who
mortgages the property to secure
the purchase-price to the seller.
The rights and obligations of
the parties to a chattel mortgage
are similar to those existing un-
der a conditional sales contract
Does a person lose possession of
morgaged property if he fails to
make his promised payments on
tfcaeT
Yes. The mortgage or lender
may take the property and sell it
for the purpose of getting funds
with which to satisfy the amount
of the loan. If the property does
not bring at a public sale the full
amount of the loan and interest,
a ' judgment may be obtained
gainst the mortgagor or borrow
r for the remainder.
May a husband mortgage the
household and kitchen furniturue
which he owns without the consent
of his wife?
No. Such mortaggea in North
Carolina are void unless the wife
Joins therein and her acknowledg
Bf b token to the manner pre
scribed in conveyances of real es
tate. An exception is made in re
spect to "purchase-money mort
gages." May a wife mortgage the house
hold and kithcen furniture which
she owns without the consent of
her husband T
Yes. a married woman may
mortgage any of her personal
property, including her household
and kitchen furniture, without the
joinder of her husband.
May a person mortgage proper
ty that might be acquired by him
in the future?
Yes. A clause in the mortgage
covering additions and after-acquired
property operates to create
a lien on the after-acquired prop
erty in favor of the motgagee
when the property comes into existence.
Vote For
Aid
Work For
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A Democrat
WithCourage
Aid Convictions
I sincerely solicit your vote and support in my race for the Democratic Nomination for State Senator for
the 34th Senatorial District. Following are some statements of concern to all of us people here in the
34th Senatorial District:
1. Good Government is a habit in North Caro
lina. 2. J do not question either the honor or integri
ty of our State or Local Democratic Office
Holders.
3. It is our duty as voters to question the ability
of each Candidate to carry out his or her
campaign promises.
4. I state to you without hesitation or malice
that the four counties McDowell, Mitchell,
Yancey and Madison have not enjoyed
our share of the State's wealth.
5. I promise to devote all of my energies, know
ledge and abilities toward making known
our needs.
6. We need our share of the primary roads.
7. We need our share of the rural roads paved.
8. We need our share of the industrial jobs.
9. We need our share of the tourist dollars.
10. We need most of all, men in responsible
places who will not hesitate to sponsor and
work for progressive county and state pro
grams that will benefit all of the people.
11. Let us all condemn at the ballot box, those
who have permitted policies to continue
which make the rich richer and the poor
poorer.
12. The State Utilities Commission of North Car
lina must be overhauled and revamped so
as to insure the consuming public that they
will not be robbed each time they pay an
electric or telephone bill.
13. If nominated and elected, I will vote and
work for all Legislation which will strength
en our REA Co-operatives and assist them in
further developing the electric system f jV
the rural people of our state where the pri
vate owned companies did not dare risk their
capital.
ZENO
W
Democratic Candidate for State Senator lor
34th Senatorial District
-Political Adrt
W. fy
FREE MOTH
PROOFING
STARTED AS OF APRIL 8
All Garments to be Dry Cleaned receive
this treatment at no extra costr-to-you.
Also we will store
WINTER GARMENTS Till FALL
for only the price of plastic storage bags
that it takes to cover the order.
Also Represent Biltmore Laundry
Pick-up & Delivery
TUESDAY & SATURDAY
Edwards Cleaners
PHONE: 649-2461
TODAY'S
MEDITATION
Read Corinthians 15:51-58
Stand firm! Let nothing move
you as you busy yourselves in the
Lord's work. lie sure that nothing
you do for him is ever lost or ev-
asted. (I Corinthians 15:58,
ILLIPS.)
er
PHI
On September 1, 1923, Tokyo
arid its .surrounding communities
were almost wiped out by earth
quake and fire. In the space of
only a few hours, the fruits of pa
tient missionary work over a pe
riod of many decades appeared
lost. In the midst of the ruins,
missionary bishop John McKim
sent this message by cable back
to the United States: "All gone
but faith in God."
Inspired by this message of
faith, Christians in Japan and in
America joined hands to rebuild
what had been destroyed. Out of
the ashes arose schools, churches,
and hospitals better than those
which had been lost.
The Christians in Corinth, a
small and obscure minority in a
pagan seaport, likewise faced ma
ny difficulties and discourage
ments. In his letter to them, Paul
pointed out that no matter how
dark the outlook, they could be sure
nothing they did for Christ would
be "ever lost or ever wasted."
Prayer: Almighty God, glory be
to Thee that, regardless of set
backs and discouragements, what
ever we do for Thee is not in vain.
Renew our zeal, we pray, that we
may do our utmost in spreading
Thy Kingdom. In Jesus' name.
Amen.
Thought for the Day: Nothing
we do for Christ is ever lost or
wasted.
Carmen F. McRae
(Michigan)
SLOW PROCESS
A reputation can be acquired
oyer night, but it takes a lifetime
to develop character.
FREE $50.00
AUCTION
Sat., May 90
10:30 A.M. RAIN OR SHINE m U
PAUL MERRILL
FARM
Location: Don Felmet Road, Turkey
Creek section of Buncombe Co., Leices
ter Township. This farm consists of 114
acres and has been subdivided into sev
eral tracts. This is a good combination
farm, well fenced, with plenty of water.
Tobacco allotment. One good five-room
house in excellent condition. Good barn
and out-buildings. Inspection of this
property invited before day of sale.
This property will be sold on easy
terms, 25 cash day of sale, balance
1-2-3 years at 6 interest.
SALE CONDUCTED BY:
Western Cflrolins
Land Auction Co
For Forth- Information Coll
482-4990 or 456-5903, WafMNBU, H. C