lasrsday, July SI, 1175, The Newt Record Page 4
Asheville Federal Savings Announces
INDEPENDENCE ACCOUNT
The New, Tax-Sheltered Retirement Plan!
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WHAT THE NEW PENSION LAW MEANS TO YOU. . .
TODAY, AND WHEN YOU RETIRE.
I h. inks to the nec pciiMe n I. in . von ic norrty; to j;rt .1 hrc.ik! Now you
c.in li.ivt out own t.ix -JhIiimxI irt n tmcnt pi, in You save on income
taxes now n hiU von pi m uli toi financial security when you retire. Ashe
vi Mi- Icclei.il S.nnv.'.s is ilelr.'hleil to him vim 0111 .1 1 1 r ac 1 1 ve version ot
theliKlivulu.il Kehienu-n! ,unini .KAi We i. ill it INIM.I'LNDENCT
ACCOUNT
HOW DOES INDEPENDENCE ACCOUNT WORK?
Vhi e.m deposit up to s xV .1 ve.u or 13''.- ot e.nneil income, which
e ei is !ovei lor rvimple. it ou e.iin SI 0,000 .1 ve.u, von 1,111 deposit
up to SJ300 m 01.1 Asl.rMlle Icclei.il S.ivmc,s INDLTFNDENCL
ACCOUNT Hut von don't have to deposit the m,immm .imount
I he .imount von s.i e in this ,u 1 omit is IA I "! Pl'C TIHI I' ,is lon is
vou continue to meet the Lin's 1 cctui ements. With Asheville Federal
Savings, year after year your savings accumulate interest, and this interest
is also TAX-FREE. When vou retire .it 3 or older you t .in Ixyjn to
nithcli.m voui inonev undei one ot the sever, rl captions ,iv. ill, ihle. "ioull
h.ive to p. iv Lives on those v. it lull .in ,i!s, hut piokiblv ,it .1 mm h lowei
I . 1 1 e t h.lll voui pie 1 et 11 eillelM t.i Lite
WHY IS THIS PLAN SO ATTRACTIVE?
I here .ire .licit ot le.isons Here ,ne lust thiee vou should consider
1 Vhi cm reduce your taxable income eluimr, the vc.ns n hen your
I. ix bite is hie.e.est
2 Hy Usui): ,1 s,iinr,s .lccount ou le piling up interest, which is t.ix
liee until vou nithdi.m it .ittet letnenient With our high interest,
compounded cl.nlv, you'll nithdi.m ,1 lot moie th.in you Hit in
Vhi re providing lor your retirement security. Vnn retirement in
c ome 1 1 om this pi, in. in . ic Id it 1011 to n h. itc t 1 Soi 1.1! Se 111 it 01 ot her
income you m.i h.ive will help provide to: true financial inde
pendence m Liter v 1 . 11 s
WHO QUALIFIES?
ou .lie not .ilie.iclv .ovircd :u .1 cju.ilitied .omp.inv pension pi. in
set up l voui cmpiovii m-i. i. u' s ! up voui on n INDEPENDENCE
ACCOUNT iciiiemcnt pLu' Small business men or women, factory
workers, farmers, doctors, working wives .il! these people ,md many
hum c c .in set up tin 1 1 ow r. ri-t : :; nt : 'Lin tod.iv through -shev ;lle I eder.il
S.i : ll
WHY YOU SHOULD PICK ASHEVILLE FEDERAL
SAVINGS TO SET UP YOUR PLAN:
first, we make it easy tor vou to opi n voui INDEPENDENCE
yCCOUNT We h.ivc .ill tile tor 111s ,ind 01,1 tr. lined eople c ,m .inswer
coin questions Second nith inn s,ivm ,u counts vou get higher long
term yield on voui inve stme nt Mi. id vou get perfect safety bee .nise the
I eder.il S.i v 1 rigs ,ind I 0.1 ri Insur .1:1, 1 ( or por .it ion. .in .ige n, v ot the I 'nited
Slates government, stands b hmd i .11 ! .mount And fourth. w don't
charge you a penny to .idm 1 n iste 1 v our pr og i ,tm '
Our INDEPENDENCE ACCOUNT pLm ,s the ,!.-..; n.iv tor you to
Like ,idv .irtt.igc ot the new Lr. M.inv people c ,m .neumul.ite 25 thou
sand, 50 t hou s.i nd. even .1 hundred t hous.i nd dollars or more b v
retirement With that kind ot t.n.incuil securitv it trulv is an
INDEPENDENCE ACCOUNT!
CALL OR WRITE TODAY
FOR MORE INFORMATION.
VNe've prepared .1 detailed brexhure that explains how our INDEPEN
DENCE ACCOUNT works It's yours tree tor the asking Call or write
us for a copy at absolutely no obligation
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Asheville Federal Savings and Loan, Attn INDEPENDENCE ACCOUNT,
P.O. Box 652, Asheville, N C. 28802
neasesendmea free copy of the brochure "INDEPENDENCE ACCOUNT, I
a lax Free Individual Retirement Account." I
I
1
Name .
Address
City
.State.
Zip.
: i
Mousing nmwemtory
Ejund'Of'Shy Council
A recant study released by
the Land - of - Sky Regional
Council concludes that twenty
- six percent of the residential
units within Region B are
below standard. The study
entitled "Housing Inventory -Region
B" gives an updated
inventory as well as the
structural conditions of the
dwelling units in Buncombe,
Henderson, Madison and
Transylvania Counties. The
study also Includes an
analysis of the existing
federally - assisted housing
programs within Region B and
a brief description of recent
housing legislation, which will
be implemented soon.
Of the approxlmlately 79,306
housing units in Region B,
only sixty percent were
standard. Twenty - one per
cent were substandard and
five percent were dilapidated.
The remaining fourteen
percent were mobile homes.
Between 1970 and 1975, the
total number of mobile homes
in Region B increased ninety -nine
percent
Buncombe, Henderson and
Transylvania Counties had
distributions of structural
conditions which were fairly
similar to the regional
distribution. Madison County
had the most severe housing
conditions of the four - county
area.
There are no typical areas
in Region B in which sub
standard and dilapidated
housing frequently occurs.
Urban areas, as well as rural
areas, are plagued with
housing problems. Rural
areas in all four counties
demonstrated high per
centages of substandard and
dilapidated units.
Urban areas naturally have
high concentrations of
housing. However, in Region
B, there are some urban In
corporated areas which have
very few, If any, substandard
or dilapidated units. In
general, the larger urban
areas have low percentages of
substandard and dilapidated
units. This can be misleading
because in an area of high
concentrations of housing
units, even a low percentage
figure represents a large
number of units. For example,
in the City of Asheville, three
percent (3 percent) of the total
number of units were
dilapidated; however, this
figure represents 555 units.
The total number of moble
homes in the Region has
almost doubled In the past five
years. The highest con
centrations of mobile homes
occur in urbanizing areas or
areas in transition from rural to
urban. Several municipalities
in Region B prohibit the
placement of mobile homes
outside designated mobile
home parks, in an effort to
maintain housing standards
and property values. These
policies are reflected In the
incidence of mobile homes
found within those cities and
towns. The urban fringe areas
surrounding the Region's
municipalities exhibit an
unusually high concentration
of mobile homes and have
experienced the most sub
stantial increases In recent
years.
In 1975, there were 2, 437
units subsidized with federal
assistance in Region B. Cities
in the Region had, in general,
more federally - assisted units
than did rural areas. The
majority of federal programs
aimed at improving housing
conditions are geared
primarily to urban areas. New
housing programs could
possibly benefit rural areas in
the future.
'Ark Of Safety' Ends
Tuesday At Mars Hill
"The Ark of Safety", a
superbly acted play with a
genuine mountain twang, will
end next Tuesday following a
successful run in Owen
Theatre in Mars Hill.
Those who have seen the
play have been most com
plimentary at the splendid
performances of the
characters.
"It is a play anyone will
enjoy-and anyone raised in
the mountains will find a
heartwarming experience as
they see the drama.
Included in the talented cast
is the featured harmonica
player, Glen Ramsey as "The
Lonesome Mountaineer".
Madison County people are
urged to see this play before it
closes next Tuesday. Special
group rates have been an
nounced. Groups of 10 or
more, 10 percent off regular
admission; groups of over 35,
25 percent off regular ad
mission price of $2 for adults,
$1 for students (through
college). Evening per
formances start at 8:15
o'clock and a matinee Sunday
starting at 2:30 o'clock.
Call 689-1239 for reser
vations to make sure seats are
available.
Upper Laurel Bicentennial
Terrell
Speaka To
Medical Society Meeting August 5
The Madison County
Medical Society members and
their wives met with the
Southern Obstetrics and
Gynecology Seminar for a
dinner meeting at the Smokies
- Hilton in Asheville, on
Thursday night.
Dr. W. 0. Duck of Mars Hill
was Master of Ceremonies
Entertainment was provided
by the Bald Mountain
Cloggers, Fifth graders of
Mars Hill, directed by Mrs
Wallin. Dr. Abe Michael, of
New Orleans, presented golf
trophies.
The speaker for the evening
was Bob Terrell, of the
Asheville Citizen - Times. He
spoke on "Folklore", anect
dotes of a humorous nature of
the mountains, collected
during his experience as a
newspaper columnist
The regular meeting of the
Upper Laurel Bicentennial
Association will be held on
Tuesday, August 5, 1975 at 7 : 30
p.m. at the Ebbs Chapel
School.
At this meeting a contract
will be discussed concerning
the Ebbs Chapel School
property.
This is an important
meeting and everyone is
urged to attend.
Leicester Horse
Show This Saturday
The leicester horse show
will be held at the I-eicester
Elementary School Grounds
this Saturday with the first
show schedules for 12 o'clock
noon and the night's per
formance at 6 o'clock. The
show is being sponsored by the
Leicester Volunteer Fire
The Two
WORDS
that describe
OUR
STEAKS!
Occe juKTy cuts Prepared to your taste
We mvite you T0nght
MOUNTAINEER STEAK HOUSE
141 TtftvwjJ ftd pftmmii
Ma.294-.U32
Hey, Look!
Tho Knights of K.K.K.
are coming back to
LAUREL VALLEY COMMUNITY
(Turn Off Highway 23
ot Wolf Laurol)
The Date:
August 9 at 7:30 p.m.
and
August 10 ct 2:00 p.m. .
Department.
The Honoarable Bill Clark
will be the Judge and Jackie
F'lemmons is the manager of
the show.
Ribbons will be given to five
places and a championship
trophy for first place.
Admission will be $1 50 with
children under 12 admitted
free.
Afternoon Show: English
Halter, Western Halter, Lead
Line, Appaloosa Halter,
Pleasure Ponies, English
Pleasure, Potato Race, Ladies
Western Pleasure, Pepsi Cola'
Race, Racking Class, Western
Pleasure, Musical Tires,
Gentleman's Western
Pleasure, Barrel Race, Ladies
Racking, Appaloosa Western
Pleasure, and Buddy-Pick Up
Race
Evening Show: Lead Line,
Western Halter, Appaloosa
Halter, Ladles Western
Pleasure, English Pleasure,
Western Pleasure, Style
Racking, Whipped Cream
Race, Appaloosa Western
Pleasure, Barrel Race,
Racking Horse, Western
Pleasure and Pepsi Cola
Race.
Little Pine H.E.
Club Picnic Is
Held Saturday
The Little Pint Home Ex
tension dub held its aonaal
family picnic at the heme of
Mr. and Mrs. HQhard Taagae
Sotarday, July X, 1175. The
following vera prswnt. Mr.
and Mrs. TJL Warier, Mr.
and Mrs. Howard Paraa, Mr.
and Mrs. Hmard Teane, Mr.
and Mrs. Carroll Twwd, Mr.
aad Mrs. Vadar Sfaeftaa aad
pandaoa Gregory. I. and
Mrs. JX. McQnr, Mr. and
Mrs. Ralpa Dover, Mr. and
Mrs. Pafe Brigm, Mrs.
MJ. BaO, Mrs. SaOe McHoao
Mrs. Barry Darts, Mrs.
Frances C Rasnscr, aad Mrs.