Newspapers / The Duplin Times (Warsaw, … / Sept. 21, 1961, edition 1 / Page 5
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I. w u M ti'&X Sybil Unier Cy 8-4288 VW PERSONALS TM &fc aBiT Mi 8. Ted jpreokworth of Cherry Point vlsitecl Mr. .'and Mrs, ",;;;'';:Leo;.Bnwn- 'v.i:i,''i'-:Jf;;y-! ' :j$ ;Mr;AuthotSumBean4,Ilitj and S t Hens Albertson'shppped In Kinstoti ,gaturday;y;i..v': Ai f v; Mr. Uo Brown vlstte(j W4n.ci i McaoeachCT' ln:; Wallace .Sun- i ; ; 4ame Quinn of Stye ppe, 'Vss j home Over lht Wee end;. ' " ; ,;-:jt 'ifrV and Mrs.' Paul Turner1 of Wilt Brown and Phyllis last Monday. w.SAaeu (maimews ,, a,nq rma j , and publn Hunter anij ltyarry (Rep . , i. ,6hopp?d in JCinMpn Saturday. , i f;' teg Brown, Ray Brown, and Mrs. Gladys Proctor t Raleigh and Dur- " ?' ihnm A Aatit -at Tniuoil Daft. , , y miss' iflenda Thomas of Rocky '.V r i.: 4 i- ' ft-J 'j Mnunt gvM Jiome ovr week end j Mrs Oanal4. ' Hon of Warsaw Saturn..: xm vi ttuu;-oii yAr-tucTRic mqtoi Gen. Adnrh-AdullJ $I.OO J - ... .1 J.. -' " 4 - ' - Beulaville NrC a I One" tiay . Only ' X $aept. 30th Sponsored By-Lions " I; Fi(rScboql;vj Matt 2 p. m.-Nite 8 p. m. H's lightly padtUd to ac-en-tu-at ;:hor)poItilvelv!'j ' iff oil XV" dligh ,t' ' ' :Mfy' . f a fuf with ttie avedcn jLJrw'V ff ' ,,V, padding In li CIl-0-f orm. , , f'-tisac ff fouW(W tpi are dreU sl ' iHtchad to round you . . .padded -J I 7' - ' eddftif proportion lot , I J-',- - ' I 2V!-T1? (witwelditk Insert you J W V britoth ay. fllw Y0( 1 , f J teWorfcifl frMdom'.' ; . ' wL '" :,;;Jfyl.447a,Mn ( . k,. white broadtloth. f T7mm,afK ;.A'eup3il-S6j '' y I as UIN ON KRAMER 'Tour Shopping Center" 'J ien.ds pf Virgil Sanderson are au.tj' uj ucur tn he hpspitaliz 8( in pujpljn' peeraiillospitaJ, ,, ::':.4Wm nsp.le eware ! ppat tpw af -Bobby 'QrifQiv Satur day evening: Maltha gandlin, Jean pHRbeUi; fliflnSP jmjwr.Ceprgf ICenpedy, ; Jerry i flinipson, Phyllis PW&'Jv&i 'ftpidWf.' Kaje J,oes, Jeff iJanier, J'm." Bosyc.v Patricia, inderspn, Sqe Jacksqn, Robert Lee gay(i0'': IS'f ' i AfeP''1?'?!1'; M?rice Saynpr, Mr. nd, Mrs. Eddie Earl rlffln andi Aiji., f i The fojlawint peonle visited Vir; gil Sanderson in puplip . General Hospital .Thursday Mr. and Mrs? Leo Brown, Mr. nd Mrs.. Hubert Sanderson, Mrs.' Freddie Futrajl, Mri. Ida May Sanderson. 1 Larry Kennedy of Fayetteville as home over 'the week end. . , . Mr. and Mrs. Lelgnd I Cottle. Of Raleigh visited friends P(id r,eta ives here last week end, ' , ,v , ' A ' .-. : i vif',:' . ' -' ' ' ' ' From BEUIAVILU SENIQH NEWS During the recent Beulaville mag- azine sales campaign, those who , old twenty-five dolors worth r ceived a merit ce,ritficate sponsor- (i by the Look School Plan. The ones who, received certificates are as follows: Ilene Aibertson, Joyce Kennedy, Irma Matthews, Jo Ann Bostlc. Jean Campbell. Martha San- dlin, Ted Mercer, and Dianne Sumner.:'- ,; ' irma Matthews wa? the high sales man. She received a One-hundred dollar Club Pen. F. H. A. NEWS The Beulaville FHA members met Tuesday, September 12, 1901 in the Beulaville Home Ec. Department. The FHA Ceremony was carried out ijy, Na,iicy Lee-president. - ine vnapier rarenis were eieci- ed far Un year. they are as fol- lows: Mr. ana iviis. r. c. inigpen; Mr., 4hd MrSi Ellis 9uirin. The guest speaker, for the meet ing was Mrs. Madeiene smitn oi Warsaw, North Carolina 1 Mrs. Smith gave a demonstration on four different flower arrangements which the members enjoyed thoro- hly. Mrs. Smith ' is an eighth grade teacher 'at Beulaville, and owns the Florist. Shop in Warsaw. There weer 37 members present. The meeting adjourned at 4:00 P. M. CHEERLEADERS NEWS Fallout Shelters Eligible FHA Insured Loans f ?4 - Winners of the Scott Store Home Demonstration Club at a recent flower show. Reading left to right Mrs. Taft Herring won first place. Mrs- Carl Riven.hak second and Mrs. Larry Harper third. SCHOOL The Beulaville cheerleaders were again very active in ' supporting their team Friday night, September 15, at the game between Beulaville and Camp LeJeime. After the game the cheerleaders sponsored a dance, . featuring the "Twisters", who are Reggie Win stead, Dale Aibertson, Mac Raynor, and Gerald Nethercutt. Beulaville appears to have a very co-operative group of cheerleaders this year. Only illness pr some other major cause would detain them from their duty in supporting the team. FOOTBALL. NEHJS Beulaville played Camp LeJeune at Beulaville Friday night. The score was 7-6 iri Camp LeJeune's favor. Jry Simpson made the touchdown for Beulaville. Everyone was very pleased with the game. The Beulaville Band and majoret tes performed at the half time Fri day night under the direcfon of Mr. Robert W; Craft; Jr. Everyone enjoyed their performance very much. "' , JUNIOR CLASS NEWS 'Mountain Gal" is the three-act pby chosen for the Junior presenta tion this year. Casting will begin the first week of October. Rehear Jal will be each day from 2:30 to 3:30 and will begin as soon as the members of the cast have been chosen. v . BEULAVILLE F. F. A. NEWS The Federal Housing Administra tion! issued" the following release August 1, J9G1, concerning fallout shelter loans: "FHA Commissioner Neal J. Hardy had ruled that fallout shel ters will be an eligible item for in sured loans under the agency's new 1 rehabilitation program. , I ."The rehabilitation loans includ- ! ed in the. 1961 Housing Act provide for. FHA insurance on loans up to $10,000 with maximum terms of 20 years and maximum interest rate pf 6 percent for rehabilitation of in dividual homes,. "Inside Urban Renewal areas the, minimum amount of the loans has been set at $1,000 and in other areas the minimum is $2,500. The Yloaps are to be used to improve the basic livability of , dwelling units. , 'The shelters could be partof the 1 . : i, . i I y reran rpiiaouuaiion or a nome or could, qualify as ; a basTc improve ment. They could serve in a dual jqle as laundry rooms, dark rooms, studies, e,tc, but will haye to con form, to standards of the Office of Civil ,Defense Mobilization and the FHA.', who would make the Inspections- of : construction 'Fallout shelters have. teen for some time authorized under the Title I property improvement pro grarriof FHA. i That prograrn pro vides ' for. ' maximum Insurance of $3,500 with a maximum' term qf 5 years. Under that program there were: 265 shelters reported built in thi; United Stales, the majority of them located jn the midwest and plains states where they doubled as tornado shelters. : "FHA also makes possible insur ed mortage financing .for . homes built "with fallout shelters. This as sistance is based on the belief that popular demand for home shelters will make it "appropriate to reflect all or a reasonable part of their cost in FHA valuation. This will make FHA financing generally available for ' shelter ' construction in new homes. The Federal Housing' Ad ministration, In .keeping with long standing policy does not endorse, approve, or recommend any parti 1 i The Beulaville Boys who are tak ing shop have participated in paint ing (be interior if the building. In stead of half blue and half white, it is now yellow. Yellow was chosen because it helps the lighting and caused less slrain on the eyes. The j shop classes are also in the process if redecoiaitng the building. e e Parts & Services Of September On Farmall Piston Ring Set Rod Bearings, Std Main Bearings, Front & Main Bearing, Center Gasket Set Filter Element Pan Gasket Labor $36.75 (Includes Grinding WILLECON Farmall "H" Tractor Savings to WAS NOW YOU Set Sleeves & Pistons $67.40 $57.29 $10.11 Rod Bearings, Std 9.48 7.12 2.36 Rear Main Bearing 4.46 3.35 1.11 Front&Rear Main Bearings 4.48 3.36 1.12 Gasket Set r 3.20 2.40 .80 Pari Gasket 60 .45 .15 Filter Element- 98 .74 .24 $90.60 $74.71 $15.89 Labor $56.00 l (Includes Grinding ValYes) Wlth Increase Power Pistons) I II f SpE US FOR SAVINGS ON OTHER MODELS All Parts and Labor Guaranteed Through Our Service Depart ment. Also Special Low Prices On Pall And Roller Bearings Come In - Let Us Go Over Your Repair Prolerns o GET YOUR WORK DONE NOW .. - - . i . r- 1 -.' .' .:.' We Finance Your 'Phono AT 5-2104 - Advantages And Disadvantages Want To Incorporate v Until a' few years ago, few North Carojina farmers . could visualize thejr farm as a 'corporation," To iliost formers, a corporation was a large business such' as General Motors. ' Paid Stoi)e, extension farm man igenuiiit specialist at N. C. State .k)lleeV repor(s )this- attitude is now changing.' More and more Tar Heel armers ar thinking of incorporat ing their fgrm. Stone attributes thjs attitude chn rtge to three things: (li the need or additional capttal on farms; () he. fieed fot mpre efficient ways i transferring farm property be .ween generations; and 3 recent .'hanes in the federal income tax law. wpicn proviaes tor certair small businesses to file and pa their income tax as individuals ia her than paying the corporate rate jf tax. Stone points out that i. corpora ion is only another of three form: of business organization. First, there is the single proprie torship. This form of business or 'nnization is what is normally cal led an owner-operated business Most Tar Heel fuiins fall in thi: category. Secondly, there is the partner ship. This form of business orj!ani '.alion is similar to the single pro ;rietorship, except two or more 21 1(8 MM ers Genyine "Cub" Savings to NOW YOU WAS $1540 4.76 Rear 2.62 4.42 2.20 83 54 $10.98 3.56 1.96 3.32 1.65 .70 .41 $4.62 1,20 .66 1.10 .55 .13 .13 $30.77 $22.38 $8.39 Valves) "Cub" - "Super A""- ?5iipef -FREE PICK-UP AND Repair Bills On AT 5-2105 tE DUPLIN partners share the responsibilities, risks and profits. A father-son a greement is a common example of this form of organization. Thirdly, there is the corporation. A corporation is legally authorized to ;arry 'oh, business in its own name, ipart frorri the individuals who own 'The' owners of the ' corporation re issued shares of stock to show he interest ex'h owner holds in its ::sssts! Stone believes there are five ad vantages and four disadcanta;;es o organizing a l:i;m as a corpora ion. First, Hie advantages: A f.irm biisi us corporation pro irles a way to, a farm to be con inuously opci ali-J as a .unit, even it the death of one of the major .'orhholders. i aihei than being d.;. olved or broken into small, iueifi ient units. 2. SiiH.'e ownership in a corpora on is represent eil by shares of ock, thes slums can lc divided iiioii;' lainily ni' iiih.'! s in any man er desired. Slock nny be sold, ,i veil away, oi irhei iti-il. (Jwnership civ be trai siei e l .is a child Ijp- .jiiu.s of aye, or al the death of shaieliulder witlHinl .-.libdividilig ,e farm. 3. Generally, stoi). holders are ,t personally liable tor the debfs the corporation. They risk only heir investment in stock owned, Free Estimates On Truck Repair -Jobs . e DELIVERY ON ALL 3 Special Prices Qn All Motor Truck Repairs -yj- Pflrfs LiLnJ Mm. "The Fa rrhers StbreV TIMES KENANSVILLE. N. C, THURSDAY SP'EMBER p, 1PS1. r " I Income Taxes and to Individual In. Your Farm ? Whereas, with a single proprietor ship or a partnership, the owners are liable for the debts of the bus iness . 4. Capital can be obtained through the sale of stack, bonds, or deben tures. ' This permits stockholders to invest and participate in ownership without sharing in the responsibili ty ot management The continubus cperation of a corporation tends to i.iake long-term loans nioie attrac tive to lending a,;cncics. 5. Stockholders who aie employes cr officers ol the 'corporation are eligible lor certain fringe benefits, such as h'jallb and ac-i'ie it insm ance, workman's coiiipensaiion. and Social Secui ity (ovetae. Now (or the disaJvanl jtM of in corporating a I ami: 1.' If you incorporate, you mnsi keep more records on the fajin business than most tainiers no.v keep, (inee eh;iili :ej un.li i slat law, a stockl ook, iium.te' ot meet itiKS, ' sfa!"i-it oi assr! an I lia bilities, and fin iie ial n- ords nn.l a-riiii'its must be ken' b aJ lilion Franchise Tax and Income fax' i turns 'must be tileJ tor the r oi i oi ation. 2, In a siie. le piriprii-tai :.hip, f.u ni profits aie laxeil o ily us im oiih- l, the oi erator Corporate pio'its, wh: ch aie distributed as dividen.is may be subject bo:h to Coiporate MM M mm mm SAVINGS During The Ail Overhaul FARMALL "A" -"Super A" "140" - "C" - "Super C" - "200" "230" - "240" Sktve & Piston Set Roil Bearings, Std. Rear Mail Bearing Front & Center Main Gasket Set Pun Gasket Filter Element Labor $45.85 (Includes Grinding Valves) (With Increase Power Pistons) C" (With Your Old Battery.) OVERHAUL Farmall Set Sh-evs & Pistons Rod Lvarings, Std. Main Center Bearings, Front & Rear Main Bearings Gasket Set Pan Gasket FUter Elemvnt Labor $56.00 (Includes Grinding Valves) lrarDl0uilGj3G 8o come Taxes.. Furthermore, at the lower Income levels, the Corporate Tax rate j's'higJier 'thatt 'the per"son al income tax "rate, However, i a recent Income tax law. wnic aiOwa certain small business corporations to report the tax 'as a partnership, ' has helped oveVcom the' corporate J tax disadvantage. : ? 3. There are several small expen ditures required to start 'a corpora tion. There' are fees and takes' oe e filing and recording the' Articles; pt ;f Incorporation, fees for legaV arid accounting advice. Federal - Stamp V fax on isiuance nf shares of Stock,'"' jnd State Initial Franchise Tax, 1 4. A farm owner operator makes bis own decisions about what,' how niK'h. and bow in pioduce. How- -ver. the ie tiviries of a corporation ' aie restiatei i,y a..Vl The Articles : ot fucorpiii ation, and By-Laws" .. . ... , H . Stone suggests that a farmer see t. Ins county agricultural agent if he ie:iies more information on incor- 'V. porating his farm. Rll Cracks And Holes Better handles Irkfutty. Hardens like wood. PLASTIC wood; Tru Oanulnt-CuxMot No Substitute- On Month Jobs! -"100" -"130 it Savings to WAS $59.56 6.56 4.53 4.76 2.46 .51 .83 NOW YOU $50.63 4.92 3.40 3.58 1.85 ,38 .70 $8.93 1.64 1.13 1.18 .61 .13 .13 $79.21 $56.46 $13.75 Tractor Savings to NOW YOU WAS $80.69 $68.59 8.04 3.99 3.84 2.77 .54 .96 $88.73 $12,10 2.68 1.33 1.28 .92 .18 .32 $18.81 5.32 5.12 3.09 .72 1.28 $107.54 Wilh ,crease Powcr PWons) P nnn International Harvester 1 1 Budget Wallace, N. C. Co ? 5 t . - ... i ; cular type of shelter.'" i
The Duplin Times (Warsaw, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 21, 1961, edition 1
5
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