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Bond requests OK'd despite 2 'no' votes
Cedar Rapids approved about 5 million dollars in industrial development and pollution control bonds for Shattuck Chemical to finance work at its molybdenum roasting plant in the old water pollution control site. Resolutions passed 3 to 2. Mayor Don Canney and Safety Commissioner Floyd Bergen opposed. The bonds do not levy taxes and are repaid by the borrower. Canney said he opposed the facility type though not the bonds.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Shattuck Chemical Co
Denver
Burlington St
Don Canney
Floyd Bergen
Canney
Bergen
Shattuck
Lipsky
Engle
Fourth
Fifth Avenues