PtTBLtC M0T1CE
EXTENSION OP THE CORPO
RATE LIMITS OT THE TOWN
OF HIGHLANDS, NORTH
CAROLINA
THE PUBLIC WILL TAKE
NO i ICE that on the 7th day of
March, 194U, at 7:00 o'clock p. m.,
ait tne Town Office in the Cobb
building in the Town ol High
lands, tne Board of Comnus&iun
ers of the Town of Highland*, at
iis regular March meeting, will
. consider tne adoption ol an orai
[ nance annexing to the Town o.
' Highlands the territory described
beiow.
In accordance with Chaptei
! 7&>, Sesaion Laws 1U47, the pub
| lie is further advised tnat tnt
Board cif Commissioners is re
quired to submit tne question ox
tne proposed annexation to fa
vote of tne qualified voters in the
area proposed to be annexed, it,
an its meeting on Mancn 1, lw4a,
tne Board of Commissioners re
ceives a petition fued and signed
by at least 15% of the qualified
( voter's resident in the area pro
; posed to be annexed requesting
' tniat a election be held on the
proposed extension of the corpo
rate limits.
Tile putolic js luruier aaviseo
that if the Board receives a pe
tition signed by at least 19% at
? the qualined voters resitting in
the Town of Highlands who ac
fc tively participated in the last
gubernatorial election, requesting
triat the question at annexation
be submitted to them for a vote
jf. also, tn'at the Board then will be
a requiped to conduct the election
K in tne municipality and in the
B territory proposed to be annexed.
S The public wiH further take no
I tice that unless such petition is
I tiled either by 15% of the quali
| tied voters resident in the terri
tory proposed to be annexed, or
by IS >% of the qualified voters
of the Town of Highlands who ac
tively participated in the last
gubernatorial election, at said
meeting, the Board of Commis
soners of the Town of Highlands
will adopt an ordinance extend
ing the- corporate limits of the
Town of Highlands, so as to in- 1
elude the territory Hereinafter
described.
The territory to be annexed is
an area completely surrounding
aind contiguous to the present cor
porate limits of the Town of
Highlands, and more particularly
described as follows:
BEING all the territory situate,
lying and being between the pres
ent corporate limits of the said
Town of Highlands described as
?"HtrLriiNiMiftci at <a stane Uiree
fourths of a mile North from the
crossing oi Main and Fourth
Streets, and runs thence Bast1'
tnree-iourths of a mile; thence
South one and one-half mues;
thence West one and one-hall
miles; thence North one and one
half miles; thence Fast three
fourths of a mile to the BIXilN -
NliNiG," and the following dies
cribea boundary lines: BddGdN
NJiNiG at a. chestnut tree, with'
chestnut and black gum witness
/ trees, being Corner No. 7 of the
, U. S. National Forest Tract No.
f 2MD, the Northeast comer of the
area herein described, thence
North 75 dug. West 36.25 chains
to a point at the intersection ol
the Western boundary <rf the
right-of-way of U. S. Highway
No. 64 and the Southern boun
dary of the rigint-of-way of Flat
Mountain State Road, said point
being 30 feet from the respective
center lines of said roads; thence
along and with the Southern
boundary of the right-of-way of
said Hat Mountain atate xvoao,
.said series of lines being 30 fee;
approximately South of and par
allel with the center line of the
said Flat Mountain Stat* Hoad,
tne following courses and di
stances: North 84 deg. 40 min.
West 6.80 chains; North 66 deg.
20 min. West 2. OS chains; North
1 78 dog. 30 min. West 5.33 chaina;
\ North 71 dag. 20 min. West 5.33
I chains; South 84 deg. SO min.
West 2.96 chains; North 08 dee
20 min. West 2.09 chains; North
29 deg. 00 min. East 2.35 chains;
j North 7 deg. 00 min. West 8.42
[ chains; North 48 deg. 40 min.
West 4.05 chains; South 86 deg
00 min. West 3.21 chains; South
47 deg. 30 min. West 4.75 chains;
North 71 dog. 00 min. West 2.36
chains; North 63 deg. 30 min.
West 5.73 chains; South 77 deig.
I 30 min. West 3.77 chains; South
88 dep. 00 min. West 5.60 chains;
South 27 deg. 00 min. West 6.04
chains; South 39 deg. 00 min.
West 2.76 chains; South 76 deg.
30 min. West 3.76 chains; Norti
57 deg. 00 min. West 3.24 chains
North 06 deg. 4i0 min. West 8.06
chains; Soutn 82 deg. 00 min
West 5.41 chaina; North 8 deg
00 min. Bast f.80 chains; North
21 deg. 30 min. West 2.33 ciiain*
North 62 dag. 50 min. West 10. 3(
chains; North 86 deg. 00 min.
West 2.82 chains' South 89 deg
00 min. West 7.13 chains; Nortl
52 deg. 20 min. West 3.53 chains;
South 64 deg. 00 min. West 6.9.
chains; South 81 deg. 10 min
West 6.33 chains; North 32
deg. 30 min. West 1.51 chains;
North 56 deg. 40 min. Bast 1.1?
chains; North 24 deg. 00 min.
Bast 2.35 chains; North 30 dag
30 min. West 5,80 chains; Nortl
12 deg. 00 min. East 3.23 chains,
North 35 deg. 00 min. West 5.5
chains; North 61 deg. 10 min.
West 2.30 chains; North 67 deg.
00 min. West 2.38 chains; North i.
deg. 30 min. West 3.03 chains and
North 64 deg. 00 min. West 2.71
chains to a point South 26 det
West 30 feet from the center of
the said Flat Mountain State
^ ftoad, in the Western boundary
V of Harold B. Hill's property and
' in the Eastern boundary of the U.
'S National Forest Tract No. 3,
, .being North 28 deg. 33 min. East
107 feet from Corner No. 39 of
" the said tract No. 3; thence, leav
ing the said Flat Top Mountain
' .State Road, runs with 17 lines of
( the U. S. National Forest Service
) 'boundary, South 28 deg. 33 min.
i West 1.62 chains to a concrete
J post marked No. 529, with black
% oak and hickory wltncii tri?;
ii dH. tt min. W?t 31-01 (
chain* to a pott with chestnut ]
and white oak witnaaa trees; .
.south IS deg. 35 mm. Vve?i d.lro ,
cnains to a toiacx gum witn '
chestnut and chestnut oak wit- 1
neas tree#; Soutn UZ deg. East i
7.00 chains to a point on dill 1
with chestnut and maple witness i
trees; Soutn 42 deg. West, o.oo ?
chains to a post wiui two oriesl
nut witness trees, being Corner
XMO. 6 ut U. S. National fores.
Tract 2M5; thence with 5 i.ae.
at the U. S. National Forest Traci
Aula, South 74 deg. 2t> mm. Wes.
ma chains to a oxacit gum wile
chestnut aid onestnut oa* wit
ness trees; South 19 deg. Id mm
n?ast 12.16 chains to a white oa/.
with two white oak witness Uee.
on tqp of a ridige; South 3 deig
2A nun. East 13 JW ohains to <
post with chestnut and hickor>
witness trees; South 7t> deg. 3'
mln. West 9.07 chains to a Span
ish oak with hickory and cuest
nut witness trees; North 80 aeg
M min. West 17.00 chains to t
white oak with two white oak
witness trees at the North wes
jonner at an old field, a corne:
-ommon to U. S. National Fores.
Practs iUS and 2M.4; thence wit),
jne line at Tract 2M4, South 21
deg. 22 min. West, crossing thr
jld Highiands-t'ranklin road a
i'IJSO chains, whole distance 24.1.
chains, to a post with jxjplar anc
chestnut witness trees at Bridb
Veil Fads on U. S. Highway No
34, a corner common to U. S
i>rational Forest Tracts 2M4 and
J; thence with 6 lines ox U. is.
National Forest Tract No. 3,
South 21 dag. 30 min. West 1.90
chains to a post with silver bell
and mountain oak witness trees;
South 62 cleg. 06 min. East 26.60
chains to a post with tiwo chest
nut witness trees; Noi*th 69 deg.
53 min. East, crossing the old
Hi?ltfands-Franiklin road at 5.10
chains, whole distance 10.81
chains to a post with white oak
and Spanish oak witness trees;
South 3 deg. West 4.98 chains tc
U. S. concrete post No. 543, with
Spanish oak and mountain oak
witness trees; South 47 deg. li
min. West, crossing the old High
lands-Franklin i?oad at 2.4a
chains, whole distance l*}.7b
chains, to a post wibh Spanisi.
oak and hickory witness trees, ai
the Northwest end at Sequoyah
Lake; North 88 deg. .01 min.
vVest, crossing Cullasaja Hiver at
I.87 chains, whoie distance 31.11
chains to a post with cheat nu.
and mountain oak witness trees,
a comer common to U. S. Nation
al Forest Tracts 3 and 2M2y,
thence with one ling o i Trac,
iM2y, South 60 deg. 10 min. Eas.
II.75 chains to a stake, a cornei
common to U. S. National Foresi
JYacts 2M2y and 2M2u; thence
with 5 lines of Tract 2iM2u, South
00 deg. 10 min. East 11.05 chain:
to a locust with chestnut ana
chestnut oak witness trees; Stmt).
11 deg. 48 min. East 14.15 chain;
io a chestnut with chestnut ano
locust witness trees; South 8c
deg- 41 min. West 6.72- chains ti
a fallen poplar, now a post witl.
chestnut and poplar witness
trees; South 12 deg. West 6.0C
chains to a post with chestnut
and white oak witness trees, be
ing Comer No. 8 of U. S. Na
tional Forest Tract 2M2u; thence
leaving the U. S. National Foresi
Boundary, South 21 deg. East
67.25 chains to a point at the
junction of the Rich Cobb MiL
Hoad and N. C. Highway No. 100,
Known as the Hifchiands-vDiiiarti
Hoad, said point oeing. located
South 88 deg. West 3 50 chains
.'rom the West end of the Nortl.
masonry head wall of the high
way cm vert q/crosa Stauto Creek,
thence South 21 dev. su min. west
J4.50 chaine to a locust post or.
the North bank, of a secondary
road, Clara Dave's Southwest cor
ner; thence South 13 links to Qit
center at the road, Fred Hopper t
North comer; thence with iteo
Hopper's West (boundary line,,
joutn 17 deg. West 17.75 chaint
to Fred Hopper's Southwest cor
ner, which is also Corner No. Vt
at U. S. National Faiest Tract
1011; thence with 3 lines at U. S.
National Forest Tract 1M1, North
37 dee. 41 min. Bast 0.11 chain;
to a post with two white oak
witness trees; South 8 deg. Si
min. West #.71 chains to a red
oak with a chestnut witness tree,
corner common to U. S. National
Forest Tracts 1M1 and Ma; thence
with 4 lines of U. S. National For
est Tract 86a, South 88 cleg. 3'.
min. Bast 8.08 chains to a black
oak with chestnut witness tree;
North L8 deg. 23 min. East 6.53
chains to a post with black gum
and chestnut witness trees; South
J6 deg. 59 min. Bast 11.82 chains
10 a red oak with two chestnut
witness trees, corner common to
J. S. National Forest Tracts 86a
and 11C1; thence with 8 lines at
J. S. National Forest Tract 1M1,
South 08 deg. Bast 9.10 chains to
(J. S concrete post No. 558 with '
:wo white oak witness trees;
.South 42 deg. 12 mini. East 19.58 1
chains to a white oak with white
jak and red oak witness trees, a (
corner of State Grant No. 3088;
: South 88 deg. 25 min. East 20.60 (
chains to a white oak with two
white oak witness trees; South ,
13 deg. 39 min. East 10.48 chains ?
to a chestnut with hickory and 1
white oak witness trees; South 54 '
leg. 24 min. East 48.78 chains to
a white oak and U. S. concrete ,
oost No. 560, with white oak and ,
chestnut witness trees; North 5? (
leg. 25 min. East crossing the old
Highlands- Walhalla road at 3.11 1
chains, whole distance 8.41 chain? >
to a post with Spanish oak and
chestnut witness trees; South 5f
deig. 38 min. East 0.67 chains to a ?
chestnut with white oak and
Spanish oak witness trees; South
19 deg. East, crossing the old
Highlands-Walhalla road at 5.31
chains, whole distance 8.26 chains
to a large white nine with white '
oak and Spanish oak witness (
trees on the North bfnk at N. C ,
Highway No. 28, the present ,
Highlands - Walhalla highway;
thence, leaving the U. R. Nation- ,
*1 Forest Boundary, South 82 ,
deg. East 35 chains to Corner 21 I1
ai th# U. S. National Forest i
Tract lMn, a point In tha canter i
it if. a. Highway Mo. 28, Which <
Dear* South 3 deg. Waat OJ0 i
ihaln from U. a concrete port i
No. Ml, with black gum and I
:hMtnut witness trees; thence ]
ilong and with the center of <
the old Highlands- Walhalla Road
is It meanders and the said
U. 8. National Forest Tract lMn,
South 86 deg. 50 mln. East 2.51
chains; North 77 deg. 22 mln.
East 3.38 chains; North 34 deg.
15 mln. East 2.77 chains; South
47 deg. 31 mln. East 2.72 chains;
South 73 deg. 05 mln. East 3.84
chains; South 40 deg. 48 mln.
East 1.86 chains to a point In
the old road with mountain oak
and chestnut witness trees;
thence, leaving the road, and
with 2 additional lines of U. S.
National Forest Treust lMn,
South 83 deg. 14 mln. East 2.30
chains to a hickory with Span
ish oak and chestnut oak wit
ness trees; South 70 deg. East
14.75 chains to a post and stones
with two Spanish oak witness
trees, comer common to U. S.1
National Forest Tracts lMn and
13; thence, with 4 lines of U.S.
National Forest Tract 13, North 4
deg. 27 min. East 6.95 chains
to a black gum with chestnut
and sourwood witness trees on
top of ridge; North 29 deg. 13
mln. East 11.63 chains to a
chestnut oak with chestnut and
chestnut oak witness trees;
North 82 deg. 57 min. East 10.05
chains to a post and stones,
with chestnut and Spanish oak
witness trees: South 53 deg. 19
min. East 13.12 chains to a post
end stones with black oak and
Spanish oak witness trees, a
corner common to U. S. Nat
ional Forest Tracts 13 and lMg;
thence with 3 lines of U. S. Nat
ional Forest Tract lMg, South
53 deg. 19 min. East 17.60 chains
to a white oak with two white
oak witness trees on top of
Wilson Ridge; North 41 deg. 37
min. West 14.95 chains to a
post and stones with black oak
and chestnut witness trees;
"Jorth 2 deg. 24 mln. East 1.15
chains to a post and stones with
black oak and hickory witness
trees, corner common to U. 8.
National Forest Tracts lMg and
41; thence with 2 lines of Tract
41, North 48. deg. 19 mln. West
2.93 chains to a black oak with
chestnut and white oak witness
trees on top of flat ridge;
North 40 deg. 46 min. East 3.67
rhains to a locust post with
ctones, with chestnut oak and
white oak witness trees, corner
common to U. S. NatlonaJ For
est Tracts 41 and lMd; thence
with one line of Tract lMd,
North 2 deg. 24 min. East 19.52
chains to a locust post in
stones with chestnut and maple
witness trees, corner common
to U. S. National Forest Tracts
lMd and 41; thence with 2 lines
of Tract 41, North 58 deg. 06
min. West 4.40 chains to a
chestnut oak with two chestnut
oak witness trees on a cliff on
the East slope of Fodder Stack
Mountain; North 33 deg. 56 mln.
East 7.24 chains to an "X" car
ved an stane, with chestnut and
mountain oak witness trees, cor
ner common o U. S. National
Forest Tracts 41 and lMc;
thence with 2 lines of Tract
lMc, North 2 deg. 26 min. East
2.94 chains to a post with two
chestnut oak witness trees;
North 18 aeg. 19 min. west 31.31
chains to a post and stones
with mountain oak and chest
nut oak witness trees, corner
common to U. 8. National For
est Tracts lMc ajid 103y; thence
with 2 lines of Tract 103y,
North 10 deg. 18 mln. West,
crossing Horse Cove Creek at
20.36 chains, whole distance
49.31 chains, to a post and
stones with white oak and
mountain oak witness trees;
North 37 deg. 15 mln. East 1.06
chains to a planted stone with
hickory and chestnut witness
trees, corner common to U. 8.
National Forest Tracts 103y and
IMa; thence with 6 lines of
Tract IMa, North 37 deg. 15
mln. East, crossing the old
Highlands-Horse Cove road at
20.27 chains, whole distance
20.52 chain*, to a planted stone
with white oak and black gum
witness trees on the East bank
of the road; North 1 deg. 14
mln. East, crossing Horse Cove
Creek at 3.35 chains, whole dis
tance 4.45 chains, to a poet with
chestnut and chestnutnut oak
witness trees 0.30 chains East
of old Highlands-Horse Cove
road; South 74 deg. 28 mln.
East 4.22 chains to a planted
stone with chestnut and fork
ed chestnut oak witness trees;
South 3 deg. 04 mln. West,
crossing Horse Cove Creek at
4.10 chains, whole distance 9 60
chains to a white planted
stone with two black gum wit
ness trees; South 87 deg. 33 mln.
East, crossing Horse Cove Creek
at 1.17 chains and the old
Highlands-Horse Cove road at
1.82 chains, whole distance 23.42
chains to a leaning red oak
with two chestnut oak witness
trees: North 45 deg. 10 m'n
East 11.57 chains to two Swinish
oaks with white oak and hlck
nrv Tu?1e witness trees on too
of flat ridge, being Corner No.
<1 of tho said National Forest
TYpft 1M*: thence, leaving the
tT. National Forest TVw?nd*"r
*nd crosMner Salt Bock Bmneb
md the North Proni, North 18
Ug, Wait MJO dull* to post
rod i tones with SpanUh oak
rod poplar witness trm, being
Corner No. 8 of U. 8. National
roreet Tract 2MB; thence with
I line* of lame, South M Cleg,
20 mta, We?t 23.71 chains to
a double chestnut with two
chestnut witness trees; North
4 deg. East 15.10 chains to a
put u REMIMC'R'
This agency is fully
equipped to assist
you in your Insur
ance Problems.
Only financially
sound stock fire in
surance companies
"(Ore represented
by us.
JOHN H. C. PERRY
Real Estate - Insurance
Phone 1X0
Highlands, N. C.
poet And pUnt*d do ite with two
white oak wltnMs tnaa; North
SO d?c- 11 mln. But 14.93 eh?ln?
to a ohMtnut with two obMt
nut wlta? I ty; North M dag
H mid. WMt 1111 (ihatrK to
th# pltoa o t til* Btornmwo.
DON! by ordtr of ttu Bawd
of commlaalonari at It* rtful&r
*"?*7 T, ?8. 00 ***+*, 9*?
NOTICE
The Vermiculite Plant at Franklin
Is Now Operating Under
A New Name
1
The Franklin Leasehold & Mining Co.
ii
The following are the sole owner# of this business:
ARTHUR I. RA NK - ROY BIDDLE
i t
. ?
If anyone has any Vermiculite on their property, or' owns lany
Vermiculite deposits, we would be glad to t?st the quality
and estimate the quantity.
We can use additional Vermiculite Ores
Plant on Depot Street Telephone 94
PRESIDENT RALPH C. PRICE
EXCELLENT EARNINGS ON INVESTMENTS
For the twelfth consecutive year Jefferson Stand
ard maintained its leadership among all major
life insurance companies in rate of interest earned
on invested assets.
HIGHEST RATE OF INTEREST PAID
In 1948 4% interest was paid on funds held in
trust for policyholders and beneficiaries. Not since
organization of the company in 1907 has Jefferson
Standard paid less than 4%.
STRONG FINANCIAL POSITION
Assets increased $21,287,625 in 1948 ? now total
$221,144,911. Surplus, capital, contingency re
serves total $26,200,000, an unusually high ratio
of additional funds for protection of policyholders.
For every $100 of liabilities there are $113.44 of
assets.
YEAR OF RECORD ACHIEVEMENT
(1) New sales largest in history ? $122,365,121.
(2) Gain in insurance in force ? $73,223,754.
(3) Insurance in force total now $820,725,276.
BENEFITS PAID
$9,273,819 paid to policyholders and beneficiaries
in 1948. Total payments since organization ?
$176,985,153.
EXPANSION PROGRAM
A 1948 highlight in Jefferson Standard's expansion
was the opening of eight new branch offices:
Albuquerque, Baton Rougo, Boise, Mobile, Mont
gomery, Portland (Ore.), Seattle and St. Louis.
JEFFERSON FAMILY PROVIDER
A new policy plon for preferred risks was made
available to the public in 1948 ? low cost pro
tection tuned to high cost of living needs.
JEFFERSON STANDARD'S
PRESIDENT reports on
42-year Record of Service
to the Public
"The aim of the life insurance business is to provide financial security.
This is a service now given high public acceptance. In the Jefferson
Standard, as in all other well managed companies, we carry with us in our
daily operation a keen sense of fiduciary responsibility.
"The reports for the year tell the story of our work. The safety of
policyholders funds, the extension of service to new fields, the development
of new policy contracts, the over-all stability of Jefferson Standard should
be a matter of great satisfaction to our policyholders.
42nd ^nnuaf Statement
DECEMBER 31, 1948
Cadi
ASSIT3
. . . $ 3,404,915
United Statu Government
?amis 34,313,931
All Other land* , . 30,381,313
Stock* 19,344,373
Uctcd securities are carried
it market, nit, or call
prtca, whichever La lowest.
Flrit Mortgage Loans . 101,013.330
Real Estate .... 10,194,391
Leans to Oar
Policyholders . . . 14,193,339
Secured by the eaah values
o I pollclea.
Investment Income In
Course ef Collection .
Premiums In Course
of Collection . .
All Other Assets . . 1,371,143
Total Assets . . $331,144,911
UAIIUTIfl
Policy Roiorvas . . . $164,213,131
A fund which with fntoro
premium* and Internal
earnings providaa for tha
payment of policy obliga
tion* aa they fall due.
??Mrv* far Policy
Claim* 917,341
Claim* on which rom plated
praofa have not boon ro
527,795
5,3*1,743
1 1,043,346
1,404,314
1,?70,413
1,533,554
$194,944,91 1
Itltrva far hmi . ,
fr?lanw and lalarait
hM In Advama . ,
Policy Proceed* Loft
Dividend* for
Policyholder*
?oaorva ....
Itiorvi for All
Othor Uabllltloo . .
UabWtlei . . .
Contingency
loiorvo $3,200,000
Capital . 10,000,000
SuryliH Un
o*al|nod 14,004,000
Total fgiplm Panda for
Additional Protection
of Policyholder* . .
Total ....
1 4.300 .000
$211,144,911
COPY Of BOOK LIT CARRYING OOft COMPUTE REPORT AVAILABLE ON REQUEST
E. J. CARPENTER
SPECIAL AGENT
Bank of Fryaklin Bldg.