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THE'
NEWSRECORD
PAGS ELEVEN
4 '
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V fff
CM
What English
physicist; in 1838,
invented the
STEREOSCOPE.
WHICH IS NOW
USEP IN VISUAL
TRAINING?
SEE NAME MVERTEC? HER&
This Is The Law
The 3
PORTIONS
OF
TRIFOCAL
LENSES
AFFORD
AN ARTIST
CLEAR
VISION
FOR HIS
PALETTE,
AND MODEL.
MAN GETS AN ESTIMATEP
8SOFHIS. , v
KNOWLEDGE
THROUGH MIS.
FISH SEEM I
vTO LEARN
MOREr THROUGH
TASTE
VIBRATIONS.
1 'n'ii-'f1 :
WOODEN
EYE SHIELDS,
LONG WORN
BY ESKIMOS,
. ARE USED
- BY SOME
BUT HIGH-OUALnY
ARCMJCM BETTER,
' SAYS THE ,
BETTER VISION
INSTITUTE.
ROBERT E. LKK
V (For the N. C. Bar Afoeiation) ,
INTEREST
What is the legal rate of interest
iA North Carolina?
Six per cent a year. That is, for
a loan of one hundred dollar for; a
period of one year, the interest on tk
game is six dollars. By an agree
ment between the parties, the interest
may be at a lesser rate of interest.
The rate of interest is not neces
sarily all of the expenses incurred
by a borrower on a loan. These ad
ditional expenses may depend upon
the business practices and policies
of the particular lender, the finan
cial responsibility of the borrower,
and the type of property the borrow
er offers as security.
For example, if a person is borrow
ing money on real property, the bor
rower is customarily required to pay
the lender for the services of the at
torney employed to search the title
to the property and to draft the
necessary legal documents. The cost
of registering the legal documents
in the court house is paid by the
borrower. Some lenders insist that
title insurance ibe purchased and
that a survey of the property be
made, the cost of which ia to be
paid by the borrower. The lender
may also insist that adequate -fire
and casualty insurance he carried
on the property. There ia occasion
ally paid for the securing of" the
loan a brokerage fee or commission.
The latter is sometimes called a
"service charge," "origination fee,"
or "settlement charge."
Industrial banks and licensed loan
agencies and brokers are permitted
t o charge a statutory loan fee and
to deduct in advance "interest at a
rate not exceeding six per centum
per annum upon the amount of the
loan from the date thereof until the
maturity of the final installment,
notwithstanding that the principal
amount of such loan is required to
De repaid in installments.
NOTICE
- 10M-1957 Town of Marshall bud-
gee now on file for inspection by
mi- wmi wisn to examine same.
Total valuation of property, $2,200.
Tax rate ii.io ner lion on vb,-
non.
J. C. DODSON,
Clerk.
NOTICE
Jones borrowed f 1,000 from Smith
and agreed to Pay, hint Interest at
the rate of 8 per cent per Tfliar. How
NORTH CAROLINA
: MADIS0N COUNTY
Under and by virtue of the
power of sale contained in a cer
tain deed of trust executed by
ROY WADK PONDER Jr., and
wife, W1LMA PONDER, dated
the 23rd day of April, 1955, and
recorded in Deed of Trust Book
49, Paije 409, Madison County,
North Carolina Registry, default
having been made in the payment
of the indebtedness thereby se
cured and said deed of trust being
by the terms thereof subject to
foreclosure, the undersigned trus
tee will offer for sale at public
auction to the highest bidder for
cash at the Courthouse door in
Marshall, Madison County, North
Carolina, at noon, on the 7 day of
August, 1956, the property con
veyed in said deed of trust the
same lying and being in the
County of Madison and State of
North Carolina, ill Number 1
Township, Ward 4, and being
more particularly described as
follows:
All those certain 2 tracts of
land lying and being in Madison
Itounty, North Carolina, No. 1
Township, Ward 4, on the" head
waters of Hunter Creek, known
as the M. V. Ray mountain Farm,
the first tract containing 100
acres, more or less, being describ
ed in Deed Book 13, Page 157,
and Tract No. 2 of 50 acres, more
or less, a part of the land con
veyed by Hiram Hunter to Elias
Gentry, both tracts being describ
ed in a deed dated 4 April, 1949,
from Wade Ponder ej; ux, to Roy
Ponder Jr., of record in Book 76,
Page 591, Madison County Reg
istry, to which deeds reference
is hereby made for a full and
complete description of the lands
herein conveyed.
But this sale will be made sub
ject to all outstanding and unpaid
taxes; a 10 deposit will be re
quired of the successful bidder.
This the 5 day of July, 1956.
CHARLES E. MASHBURN,
Trustee.
7-12 8-2c
EXECUTOR'S NOTICE
North Carolina
Madison County
lhe undersigned having duly qua-
as executor oi the last Will
ified
and Testament of S. Cleveland
Hipps, late of Madison County,
North Carolina, this is to notify all
persona having claims against said
estate to present them to the under
signed at the address given below on
or before the 7th day of June, 1957,
or this notice will be pleaded in bar
of their recovery. All persons in
debted to said estate will please
make immediate Davment to the un
dersigned.
This the 7th dav of June. 1856
J. GARFIELD MILLER, Executor
or the Last Will and Testament of
S. Cleveland Hipps. deceased.
Address: Miller Street, Box 10
Canton. North Carolina
6-77-12
NOTICE OF SALE
NOTICE
PROTEFCTJOnT: fJrth-E?F
miTuirij Aiitimi 1 I .None. By charefoff a irroatpt in.
None. By chanrfn m mmajtein
terest than 6 per cent per yeft,
Smith forfeit- under tlja law off
North Carolina all interest on thf
debt. The debt is stripped of all its-'
interest bearing quality, and the
lender is permitted to recover only -the
principal sum loaned
Don't Forget To Renew Your
Subscription To
The NEWS-RECORD
If Jonas has already paid to Smith
the agreed interest of & per cent per
year, he may recover from Smith
within two years after doing so
twice the amount of the interest
paid. This is a penalty that Smith
has to pay to Jones for receiving
from him more than the legal rate
of interest
SERVING SUMMONS BY
PUBLICATION
NORTH CAROLINA
MADISON COUNTY
IN THE SUPERIOR COURT
WILMA CHANDLER ALLEN,
Plaintiff,
vs.
DONALD ALLEN, Defendant.
The above defendant, Donald Al
len, will take notice that an action
entitled as above has been commenc
ed in the Superior Court of Madison
County, North Carolina, by the
plaintiff, to secure an absolute di
vorce from the defendant upon the
ground that plaintiff and defendant
have lived separate and apart for
more than two (2) years next pre
ceding the bringing of this action;
and, the defendant will further take
notice that he is required to appear
at the Office of the Clerk of the
Superior Court of Madison County,
North Carolina, in the Court House
in Marshall, within twenty (20)
days after the 3rd day of August,
1956, and answer or demur to the
complaint in said action, or the
plaintiff will apply to the Court for
the relief demanded in the said com
plain. This the 30th day of June, 1956.
HERBERT HAWKINS, Clerk Su
perior Court, Madison County, North
Carolina.
7-6, 12, l,26p
ADMINISTRATRIX NOTICE
The undersigned, having qualified
as administratrix of the estate of
Rex Leo Silver, deceased, late of
Madison County, this is to notify all
persons having claims against the
estate to present them to the under
signed on or before the 6th day of
July, 1957, or this notice will be
pleaded in bar of their recovery. All
persons indebted to said estate will
please make immediate payment at
my home in Marshall, N. C R-2.
This the 3rd day of July,. 1956.
EFFIE K. SHOOK, Administratrix
of Rex Lee Silver, deceased.
7-6 8-8c
Don't Forget To Send
The NEWS-RECORD
TO YOUR SON IN SERVICE
O EASY TO FIX
"OUR FINEST QUALTrV CONCENTRATE
2
FROZEN FOODS O
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MP Peas 2
10-Oz.
PKGS.
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203
PERFECT FOR SUMMER BREAKFASTS SUNNYF1ELD CRISP
NORTH CAROLINA
MADISON COUNTY
IN THE SUPERIOR COURT
BEFORE THE CLERK
Under and by virtue of an Order
of the Superior Court of Madison
County, dated the 14th day of June
1956, made in a Special Proceeding
therein pending entitled' "WALTER
B. PHILLIPS, Administrator of D.
D. Merrell, Deceased, Petitioner ts
LAURA PHILLIPS and husband.
C. L. PHILLIPS. ET AL. Defend
ants," the undersigned Commission-
er will on Tuesday, July 17, 1966,
at 12:00 o'clock Noon, at the Court
House Door in Marshall, Madison
Counfy, North Carolina, offer for
sale to the highest bidder for cash
that certain tracts of land lying and
being in No. 3 Township, Madison
County, North Carolina, being more
particularly described as follows:
FIRST TRACT: BEGINNING on
a thorn bush on the East side of the
public road, J. D. Carter's corner,
thence runs up a branch up the J. D.
Carter's line to a rock; thence leav
ing the branch up the side of a hill
with Carter's line to a strike on a
ridge; thence up said ridge with J.
D. Carter's line to a large chestnut,
on too of the Bailev Mountain. L.
C. Huff's corner; thence down the
top of said mountain to a stake West
of an old tobacco barn place in M.
E. Forrester line, W. J. Merrell cor
ner; thence leaving the top of said
mountain a Westward course with
W. J. Merrell's line to a white oak
on a ridge; thence a South West
ward course with W. J. Merrell's
line to a locust; thence Westward
with said line to an apple tree;
thence with said W. J. Merrell's line
to a white oak on the hast oank of
the public road; thence up and with
said public road .to the BEGIN
NING. Containing 38 acres, more
or less.
SECOND TRACT: BEGINNING
on a stake in the public road in a
small branch, Z. T. McDaris' North
west corner; thence up the branch
with Z. T. McDaris' line to the top
of the Bailwy Mountain; thence up
askl with the extreme top of the
aforesaid mountain at a stake, West
of an old tobacco barn place, D. D.
Merrell's corner; thence leaving the
top of said mountain, down the said
of same, with D. D. Merrell's line
to a white oak on the East bank of
the public road, and about 1 poles
East of Bone Camp Branch; thence
down the road to the BEGINNING.
Containing fifteen acres,
less.
BESNG the- mom-two tracts of
land described ia deeds to D. D.
Merrell from W. J. Merrell t ux, et
al, dated day of March, 1914?
and from W. J. Merrell et ox to D.
D. Merrell, dated April 14, 1914;
said deeds being duly recorded in
the Office of the Register of Deeds
for Madison County, North Carolina,
in Record of Deeds Book No. 45 at
pages 665 and 666, respectively.
excepted Irom the above dMorin.
tions are about thirtv tao o-.-
heretofore sold to Fred Merrell W
deceased, D. D. Merrell.
A five per cent deposit will be re
quired of the successful bidder at
the sale; and, said sale is subject to
the confirmation of the Court
This the 14th day of June, 1966.
WILLIAM C. REEVES,
Commissioner. '
6-14 7-6c
more or
SKIN ITCH
"PIP RELIEVE rr.
MINUTES
mi
ITCav
12-Ox.
PKG
GRAND LOW PRICE! PACKERS LABEL BRAND WHITE AND
SPECIAL LOW PRICE! EZAD AKD CUTTER
14-dz.
PKG.
ffTo. 303
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.5-Oi.
JARS
EYES EXAMINED
GLASSES FITTED
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