PAGE TWO
THE FRANKLIN PRESS AND THE HIGHLANDS MACONIAN
THURSDAY, APRIL 22, 1937
i 71
Star Single-edge
Rladcs solve the mystery of
good shaves. Made since 1880
by the inventors of the original
safety razor. Keen, long
lasting, unilorm. f jt
. A
Coming
To Franklin
The
Mighty
Haag
Circus
Host of Funny Clowns
The World's Largest
Performing Elephants
Wild Animals
The Georgeous Spectacle
IN OLD MEXICO
I n AH 1 1 s Splendor
200 People 200
Featuring
The Death Defying
Dainty
MISS HELEN HAAG
Who, allows her whole
body to be placed in the
mouth of an elephant
and be carried the full
length of the tent.
THRILLING AND
SENSATIONAL!
Haag's Present Also
Wild West and Rodeo
Congress of
Cowboys, Cowgirls and
Indians
Freaks and Curiosities
TWO BIG PERFORMANCES
AT 2 AND 8 P. M.
DOORS OPEN ONE HOUR
EARLIER
ONE DAY ONLY
THURS. OQ
APR . 7
STREET PARADE AT ONE
O'CLOCK
I'M A
x vei rursang
'i '.A
I 4'...
MACON COUNTY, NORTH CAROLINA
. Bonds OutstandingCoupons and Accrued Interest to Jan. 1, 1937
COUNTY WIDE .
Designation of Interest
Item Uoiuls Rate
Date
1 School Funding .'. .3
lrl -
2 School & Road . '
i , Funding ...... ..5J4 1-1-1929
1 '
' r 1 ;
3 School Building .6 2-1-1922
4 School Notes .....6 8-1-1923
5 Road & Bridge. .'.5 3-1-1926
6 Road & Bridge. ..5 3-1-1926
7 Road ......6 3-1-1921
8 School Building . . .67 3-1-1916
9 School Building . ..67c 9-1-1909
10 Road & fridge ..S . 4-1-1925
11 Road & Bridge ..5j 10-1-1924
12 Road & Bridge ..6 11-3-1921
13 Road & Bridge . :57 11 - 1 -
Total County; Wide
TOWNSHIPS
14 Franklin Tp. Road 54 4 - 1 -
15 Franklin Tp. Road 6 8 - 1 -
Total Townships ...............
Total County Wide and Townships
PROPOSED PLAN
FOR REFUNDING
(Continued from Page One)
main unpaid, an amount not less
than $40,000 or 72c op each $100.00
assessed valuation of taxable prop
erty in the county . (whichever will
produce the greater amount of tax
revenue).
Similarly, it agrees that there
will be levied to service the debt
of Frankliri township represented
by the township bonds to be issued
hereunder in the fiscal year be
ginning Jnly 1, 1937 and July 1,
1938, not less than $5,000 or 25c on
each $100.00 assessed ' valuation of
taxable property in said township
(whichever will produce the great
er amount of tax revenue) ; there
after, for eight years to and includ
ing the fiscal year beginning July
1, 1946, not less than $7,000. or 33c
on each $100 assessed valuation of
such taxable property (whichever
will produce the greater amount of
tax revenue) ; thereafter in each
fiscal year until all of said 'bonds
have been paid not less than $8,000
or 38c on each $100 assessed valu
ation of taxable property in said
township (whichever will produce
the greater amount of tax revenue).
The debt service portion of all
county and township taxes will im
mediately upon collection be de
posited with the Interest and Sink
ing Fund Depositary hereinafter
provided for, and placed respective
ly by such Depositary in a sepa
rate special fund known as the
County Interest and Sinking Fund
and the Franklin Township Inter
est and Sinking Fund and shall be
used solely as herein provided.
All funds received by Macon
county under its contract with the
state highway .and public works
NEW WOMAN
THANKS TO PURSAKG
' Yes,Pur8angcontains,in properly
balanced proportions, such' proven
elements as organic copper and iron.
Quickly stimulates appetite and aids
nature in building rioh, red blood
even in cases of simple anemia. When
this happens, energy and strengt' tl
usually return. You feel like nr J
irom your druggist,
M aturity
a
1928
$2,000 Jan. 1, 1933-1935
3,000 Jan, 1, 1936
2,000 Jan, 1, 1937 .
" 5,000 Jan. 1, 1938
5,000 Jan, 1, 1940-1941
' 3,000 Jan. 1, 1942
5,000 Jan. 1, 1943
1,000 Jan! 1, 1934
. 2,000 Jan. 1, 1935
5,000 Jan. 1, 1936-1946
3,000 Jan. 1, 1947 .
5,000 . Jan. 1, 1948-1953
2,000 Feb. 1, 1934-1945
2,500 Feb. 1, 1946-1951
1,500 Aug. 1, 1932-1933
1,000 Aug. 1, 1934
500 Aug. 1, 1935-1936
1,000 Aug. 1, 1940
2,000 Mar. 1, 1936-1941
3,000 Mar. 1, 1942-1943
3,000 Mar. 1, 1944-1947
5,000 Mar. 1, 1948-1956
20,000 Mar. 1, 1941
6,000 Mar. 1, 1936 .
1,000 Sept. 1, 1935-1938
75,000 Apr. 1, 1955
10,000 Oct. 1, 1934
10,000 Oct. 1, 1939
20,000 Oct. 1, 1944
25,000 Oct. 1, 1949
25,000 Oct. 1, 1954
100,000 Nov. 3, 1941
10,000 Nov. 1, 1935-1950
20,000 Nov. 1, 1951-1953
18,000 Nov. 1, 1954
12,000 Nov. 1, 1955
25,000 Nov. 1, 1956
1926
1914
1914
28,000 Apr. 1, 1944
53,000 Aug. 1, 1944
commission, above referred to, will
as received be deposited with the
County Interest and Sinking Fund
Depositary and used solely as here-
Un,prpvi4e vV- .iw
All. funds so collected 1 from
county taxes and received under
said contract .and placed in the
County Interest and Sinking Fund
shall be held and used solely for
the benefit of the county bonds to
be issued under this plan and all
funds so collected from township
taxes and placed in the Franklin
Township Interest and Sinking
Fund shall ,be held and used solely
for the benefit of the township
bonds to be issued under this plan,
all subject t5 the following pro
visions. No disbursement shall ever be
made from either Interest and
Sinking Fund except for the pay
ment of the interest dueupon, ,or
in the purchase for retirement of
bonds for the benefit of which the:
fund is created and in the manner
herein provided. '
No funds may be used for tie
purchase of such bonds unless and
until , there is in such fund a sum
exceeding all interest payments due
within the succeeding seven months
upon the bonds payable out of
such funds, and in that event, only
such excess may be employee'
Whenever such excess exists and
the county or township, as the
case may be, is not in default in
the payment of interest ' rjpon its
bonds, the governing bpy cf the
unit may in its discrete on purchase
sucji i bonds for rirement- All
bonds purchased by, the county will
be .immediately c? ncene(j
Any holder cY anv c1iri, hond
may file in wr iting with the Inter
est and Sink -. va rwncitarv
arid offer tr sell the same for re.
urement a ( a jxej prjce Any such
offer ma- y be withdrawn by written
not'ce ' not less than 10 days after
SUCH rwffpr ie mrxAf Ftcc funds
ppV. .cable to the purchase of bonds
VV rptirptnpnt cViall npvor K llCPfl
Y j the Interest and Sinking Fund
depositary to pay for any :Dona
until ?all offers to sell bonds' of the
same unit at a lower price or
prices have been accepted.
Whenever the funds available for
the purchase of bonds in . the
County Interest and Sinking Fiund
shall exceed $10,000 and such ex
cess funds shall remain in the in
terest and sinking fund for a per
iod of 90 days, then the depositary
shall call for tenders of cpunty
bonds issued under the plan, and
shall purchase enough to chaust
Amt. ! Interest tp 'Jan. 1, 1937
Outstanding Coupons Accrued
$34,000.00
91,000.00
39,000.00
6,000.00
18,000.00
57,000.00
20,000.00
6,000.00
4,000.00
75,000.00
90,000.00
100,000.00
275,000,00
$4,825.00 . $1,050.00
X 13,212.50
& 6,480.00
975.00
i 3,410.00
;, 6,270.00
4,800.00
, 1,080.00
1,020.00
15,995.00
770.00
690.00
905.00
91.60
300.00
100.00
! 18,012.50
19,500.00
1,275.00
29,727.50
733.34
$815,000.00 $125,307.50 $5,914.94
28,000.00
53,000.00'
$ 81,000.00
$896,000,001
2,760.00
8,240.00
$11,000.00
$136,307.50
$5,914.94
such excess', funds . as nearly as
may be.; Fifteen days prior to the
date fixc:d for the receipt of tend
ers, the. depositary shall cause to
Jbe.publjished, in a financial, paptj
puonsnod in the Borough of Man
hattan, iCity of New York and in a
newspaper of general circulation
published in Macon county, if any,
av.noticei in the name of the county
inviting, tenders' of such .bonds to
the depositary, and fixing the time
and p'!ac:e in said county at which
said traders will be received.
Tenders of bonds shall be con
tained in plain sealed envelopes
marked, "Tenders of Macon County
Refunding Bonds" and shall be
opened in public at: the time and
pl'ce fixed in the notice. When
tf jnders are received and a great
tit amount of bonds are tendered
at the same price than funds are
I 'available to purchase (after all
Donds tendered or otherwise offer
ed at lower prices, if any, have
been purchased) the bonds tender
ed at said price shall be purchased
in .the order in which the tenders
are received. ' r
A' similar procedure with, respect
to the refunding bonds of Frank
lin . township shall be followed
whe; never the funds available for
the purchase . of bonds in the
Franjklin township interest and
sinking fund shall exceed $3,000
and jsuch excess funds shall re
main in said interest and sinking
fund for a period of 90 days.
The JBank of Franklin, a banking
corporation doing business in the
county of Macon, will be designated
as depositary for interest and sink
ing funds under this plan, but the
county will have the right, with
the concurrence of the local gov
ernment commission of North Car
olina to change the depositary pro
vided such depositary shall always
be a banking , corporation doing
business in the state of North Car
olina. The state treasurer of North
Carolina, who is ex-pfficio director
of local government will act as
depositary for the exchange of
bonds under the refunding plan.
Holders 6f bonds to be refunded
are requested to sign and mail to
C. T. Bryson, county accountant,
Macon county,' Franklin, North
Carolina, the letter of asset furn
ished with each copy of this plan
and send, a copy of such assent to
the local government commission,
P. O, Bdx 279, Raleigh, North
Carolina. They may, at the same
time, if they so desire, forward
their bonds together with all un
paid coupons to the state treasurer
of North Carolina, Raleigh, North
Carolina, accompanied by the let
ter of transmittal, furnished here
with. Upon receipt of the bonds
the state treasurer will issue his
receipt evidencing ownership of the
bonds to the holders depositing
them. When the plan is declared
operative bond holders will be
notified to surrender their receipts
and the new securities will be sent
them. If the holder of any county
or township obligation desires mere
ly to forward his letter of assent
and not deposit his bonds at the
present time, he will be notified
immediately when the plan is de
clared operative , so that he may
present his bonds to the state
treasurer for exchange.
If a bond holder desires he may,
when forwarding his assent to this
plan without . a deposit of his
bonds, forward all coupons , in de
fault including those maturing Jan
uary 1, 1937 and prior thereto or
a proper satisfaction of, or credit
upon a judgment heretofore ' ob
tained on such coupons and re
ceive at that time the payment on
interest in default herein provided
for. .
The exchange of refunding bonds
will not be made until the plan
shall have been declared operative
by the board of county commission
ers, of Macon county, with 'the ap
proval of the local government
commission of North Carolina, nor
until a sufficient number of credit
ors in the judgment of the county
and the local government commis
sion of North Carolina have as
sented to its terms. If, for any
reason, the plan should not become
operative the depositary for the
exchange of the bonds will return
to each depositor the securities de
posited by him upon the surrender
of the deposit . receipt, duly en
dorsed in blank.
The Sovereign Camp, Woodmen
of the World and the Royal Neigh
bors of America, with holdings of
$421,000 of, the bonds of Macon
county, have agreed to the within
plan.
The plan has been approved by
the local government commission
of North Carolina and will be con
summated without expense to the
creditors and without the payment
of any commission by the county.
E. B. BYRD, Chairman,
Board of County Commissioners
C. T. BRYSON,
County Accountant.
Franklin, North Carolina,
March 15. 1937.
WHAT to PLANT
THIS WEEK
Compiled by
Farmers Federation News
Garden
GARDEN PEAS Smooth varie
ties First and Best, Alaska, Early
Bird. Wrinkled : Laxton, Tele
phone. SPINACH Bloomsdale, for spring
and early summer.
CABBAGE Set frost-proof plants,
Early Jersey Wakefield, Charles
ton Wakefield, Early Flat Dutch.
ONIONS Danver and Silver Skin
sets, Bermuda plants.
BEANS Valentine, Tennessee
Green Pod, Burpee, Giant.
LETTUCE Grand Rapids (curled),
N. Y. Wonderful, Iceberg.
POTATOES Irish Cobbler, Spauld
ing ,Roso and Green Mountain.
SWEET POTATOES For bed
ding. TURNIPS White Egg, 7-Top,
Purple Top Globe. ,
BEETS Early Eclipse, Early Blood
Turnip, Detroit Dark Red.
CARROT S Chantenay, Danver,
Ox-heart. '
CORN All sweet varieties.
MUSTARD Curled.
RADISH All varieties.
TOMATO In flats and hot beds.
PEPPERS Pimiento, : yenne
Bell or Bull Nose.
Field Seeding
LESPEDEZA Korean, Common,
Kobe, Tennessee 76, Serecia.
CLOVERS Red, Sapling, Alsike,
White Dutch, White Sweet, Al
falfa. GRASSES Kentucky Blue, Red
Top, Orchard, Rye, Grass, Tim
othy. OATS Fulghum, White Spring;
Red, Burt.,
Spade or 'plow in all manure
available on rest of garden. Lime
if possible, but leave lime and
manure off potato land.
Finish all fruit tree pruning and
dormant scale spraying (spray oil,
lime sulphur with arsenate of lead
or nicotine sulphate, according to
manufacturers' directions,)