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Turnpike Authority Refund Plan Rejected by Kansas Panel
TOPEKA AP The State Highway Commission rejected the Kansas Turnpike Authority proposal to refund more than 18 million dollars in 1957 bonds for the 18th Street Trafficway project. The 4 to 1 vote opposed issuing 18.695 million in new bonds at 3.478 percent to invest in government bonds until 1967. Turnpike officials argued the move would save about 2.5 million dollars, while commissioners urged a public sale rather than negotiated terms and criticized delays since 1963.
MENTIONED IN THIS ARTICLE
Topeka
State Highway Commission
Kansas Turnpike Authority
Kansas City
Kan
Johnson County
Turnpike Authority
Inter
Smith, Barney and Co
New York
Beecroft, Cole and Co
Ransom and Co
Wichita
Zahner and Co
J. Rex Dawe Lucas
State Highway Highway Commission
Dawe