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West Virginia Road Bond Sale Low Bid Improves Financing
West Virginia sold 40 million in road bonds with a low bid yielding an average net interest cost of 4.9093 percent over 25 years, led by Northern Trust Co and Chase Manhattan Bank. The high bid of 4.9893 percent came from a First National Bank of Chicago syndicate. Only 40 million in constitutional authority remains, to be issued under 1964 and 1968 amendments, with a 40 million sale planned for July 1. A special election for more constitutional bonds may be held September 29. if not, the road bond issue appears on the November 1974 ballot. Baptist revival set at Central Baptist Church starting Monday at 7:30 p.m.
MENTIONED IN THIS ARTICLE
West Virginia
Northern Trust Co
Chicago
Chase Manhattan Bank of
New York
Moore
John H. Kelly
First National Bank of Chicago
House
Senate