Page 6-B
Attends Conference
Eleven members of John ;
A. Holme’s DECA Club l
attended the annual District i
Leadership Conference held <
in Plymouth on October 27.
tJ \The students Attended
several workshops and
Participated in the com
petitive events. Two John A.
Hplmes students won
recognition at the con
ference. Sheila Cherry,
daughter of Mr. and Mrs.
Robert Cherry, was one of
(qut elected vice presidents
of the district. Edenton is in
restrict No. One along with
L 4 other schools. Sheila
made a very impressive
campaign speech before the
entire student body at the
conference. Sharon
Hollowell, daughter of Mr.
and Mrs. William B.
NOTICE
(. The Edenton Town Council will meet in
[special session on Thursday, November
<*2, 1981 at 6 P.M. at the Municipal
.puilding to discuss the employment of a
.(Recreation Department Director.
Town of Edenton, N.C.
i—ij—i—m— i— — - -
Thank
You...
Voters of the
3rd Ward
for your
Vote of Confidence
in electing me
Your Councilman
“I Will Be Working
For You!”
Erwin Griffin
me(k Tyfer '
downtown kJedenton
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■ J
Hollowell, participated in
the Job Interview Competi
tion in which she bad to fill
out an application and be
personally interviewed by a
judge. Sharon placed third
in the competition and
received a trophy.
A nice dinner was served,
followed by a dance in the
school gym. All the students
enjoyed the trip and are
looking forward to some
more competitive events!
The following attended the
conference: Annette Bunch,
Valerie Smith, Wendy Hare,
Chuck Forward, Todd
Ashley, Mike Jones, Johnny
Tynch, Sharon Hollowell,
Jackie Skittlethorpe, Sheila
Cherry, Suanne Bass, Mrs.
Kay Cherry and Mrs.
Sandra Fairdoth.
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DECA CLUB RECEIVE HONORS Sheila
Cherry, left, was elected aspne of four vice presidents of this
district at the annual District Leadership Conference held or.
October 27. Sharon Hollowell, right, placed third in the Job
Interview Competition and received a trophy for her per
formance.
IRS Report On Illegal Tax Shelters
GREENSBORO - The 1
use of illegal, or abusive tax i
shelters in North Carolina s
this year could cost the <
taxpayers almost $3-million <
in lost revenue if the In- s
ternal Revenue Service was 1
not alert to the schemes:
Fred Nielsen, IRS
director in North Carolina
said, “Last year we iden
tified numerous potential
abusive tax shelter cases.
We have established a
better way to identify and
provide more effective audit
coverage of the
sophisticated transactions
characterized by tax
shelters.”
The purpose of abusive
tax shelters is to avoid
paying income tax, the
Director said. Very often the
shelter attempts to provide
tax savings that are actually
more than the investment.
An example is the pur
chase of a piece of art which
subsequently donated to a
museum. The item is then
reported to the IRS as a
charitable contribution at a
value greatly in excess of
the original purchase price.
The IRS has taken steps to
tighten up the guidelines for
valuation and treats the
purported contribution as
simply a scheme to avoid
paying income taxes. The
claimed charitable con- '
tribution deduction is
disallowed.
Other examples of
abusive tax shelters include .
family estate trusts, Bible
gifts, equipment leasing and
videotape movies.
Nielsen remarked, “When
the man on the street learns
of someone attempting to
dodge taxes by using one of
the many shelter schemes,
RIHA Meeting
RALEIGH The annual
business meeting and
subscription luncheon of the
Roanoke Island Historical
Association will be held here
Tuesday,, November 17 at
the downtown Holiday Inn.
The RIHA is the
producing agency for the
Joe Layton production of
Paul Green’s “The Lost
Colony,” America’s oldest
outdoor drama.
The annual board of
directors meeting will be
held at 10:30 A. M. with the
members luncheon
following at 12:30 P. M.
according to Mrs. J. Em
mett Winslow of Hertford,
chairman of the RIHA
board.
Rep. Charles D. Evans, of
Nags Head, co-chairman of
the 1982 membership drive
for the RIHA will speak
briefly on the upcoming
campaign. Evans’ wife,
Becky, is serving as co
chairman.
The lucheon program will
center around a special
tribute to Green by Mrs.
Marion Fitz-Sbnons and Bill
Trotman, both long
performers in “The Lost
Colony,” and activities of
the RIHA.
Those interested in at
tendbig the RIHA luncheon
should contact the business
office, P.O. Boot 40, Manteo,
N. C. 27964 or call (919) 473-
2127.
THE CHOWAN HERALD
he loses confidence in the
voluntary compliance
system of taxation. We want
everyone to knovV that we
are aware of abusive tax
shelters and are acting to
head them off.”
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Baa Lunches Planned For Students
Students at Chowan
Junior High School are
coming to realize that the
school’s library is more than
just a place to go and check
1 out books. Mrs. Ethelene
Rascoe, librarian, has
discovered an innovative
way to reiterate to students
that the school’s library is
intended to be an activities
resource center, where
learning can take place,
interests stimulated,
community resource people
used, and fun had - all at the
same time.
Through Rascoe’s “Once
a Month Bag Lunch Bunch”
program, students will be
allowed to pick up a bag
lunch, prepared by cafeteria
personnel, and eat in the
library. Following the picnic
lunch, either a talented, a
well known, a skilled, a
Quality Monuments
At Reasonable Prices
“ See U 8 Before You Buy”
Guaranteed Workmanship
Cemetery Lettering
Parker’s Monument Sales
101 Cypress Drive 482-2253
Edenton 482-7331
professional, or a person
with some sort of special
knowledge and training will
be on hand to conduct ac
tivities with students. These
community resource people
will have been chosen
because of the interest
appeal of their special area
to 7th and Bth grade
students. Through the
special stimulation of the
special resource people,
students should be
motivated to pursue, on
their own, these interest
areas, whether it be through
further reading, starting a
hobby, developing a skill,
beginning a self
improvement program or
planning a career.
Mrs. Rascoe said that
students seem to be quite
excited about the “Once a
Month Bag Lunch Bunch”
program which started in
late October. “Teachers and
all school personnel are
always trying to find new
and innovative ways to
make learning more
meaningful”, Rascoe
mused, “and the idea seems
to have student appeal.”
Each student at Chowan
Junior High will get to be a
bag lunch participant at
least once during the year.
Programs and community
resources scheduled by Mrs.
Rascoe for the remainder of
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CAPE COLONY Charming 2 bedroom home, 1%
baths, eat-in kitchen, L.R., Florida rm., carport, large
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ARROWHEAD BEACH On the canal, nice 2 bdrm
home with option to buy additional lot. 9 per cent
assumption $35,590.
MOBILE HOME LOTS FROM- $1,500
CAPE COLONY Unique, custom built home on
dbl. lot, 3 bdrm, 24 bath, Rec. rm., L.R. cathedral
ceiling - balconies - decks, fireplace, 2 bay carport,
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financing SBO,OOO.
MOBILE HOME 1974 Double-wide, 3 bdrm., 2
baths. Excellent condition $12,800.
WATERFRONT Large lot on Chowan
River •••• $15,000
MOBILE HOME 1975 Conner, 12’x68’, 3 bdrm., 14
baths, smali down payment and assume low interest
loan .SB,OOO
CHOWAN BEACH loxso 2 BR, mobile home. Nice •
shaded lot, beach access. (Owner financing 12 per
cent) ..SB,OOO
ARROWHEAD BEACH—2 adjoining corner lots
Both for $3,000
ARROWHEAD BEACH Waterfront, three
bedroom home, 2 baths, L.R. with fireplace, kit., D.R.,
util, rm., l car garage on beautiful extra large lot.
Bulkheading and pier with spectacular view of the
Chowan River (Owner financing at 12 per cent). $58,000
COMMERCIAL PROPERTY Highway 32, 2 miles
south of Edenton, commercial building and mobile
home on approx. 1.2 acres with 205 ft. of highway
frontage.., $30,500.
IN TOWN Stratford Rd., Immaculate home on a
beautiful lot. 3 BR, L.R., D.R., kitchen, bath, utility
rm., hardwood floors. In excellent condition. 74
assumption ...$37,500.
VAUf ALLA owner Must Sell Now! Eight year
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cluding 3 bdrms, LR, DR, kit., 14 baths, utility room
and studio. Situated on two acres north of Eden
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ARROWHEAD BEACH 4 waterfront lots ad
joining, all for $20,990
NEAR COUNTRY CLUB On Athol Lane. Log
cabin, rustic and beautiful, built for many yean of
fireplace situated on sacre wooded lot.*”*.
»—«■ ml j
Thursday, Novmber 12, 1981
the year include; Carlton
Nixon - deer hunting; a
crafts demonstration; John
Guard - deer hunting; Zack
Valentine • football; Celeste
Bullard, Hardbarger Junior
College • personal self
improvement; Terry-
Williams - radio broad
casting and Murray Ashley -
first aid demonstration.
Students are given the
option of selecting their
interest area for joining the
“Once a Month Bag Lunch
Bunch.”