27 Aug 1963
Page 1
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Newspaper
Iowa Le Mars Daily Sentinel
Location
Le Mars, Iowa, United States of America
Date
Aug 27, 1963
Page
1
Iowa lawmakers backed bold industrial expansion with two main tools. A revenue bond bill allows cities to issue bonds for sites and buildings leased to firms. A state credit corporation would pool private lenders to finance ventures unable to secure conventional loans. The measures passed both houses with large majorities and no dissent.
The piece explains permissive legislation for a credit corporation to aid private industry via revenue bonds and pooled funds from financial institutions. It notes tax advantages, how payments would cover taxes, and how the entity could spread loan risk to support industrial expansion with alternatives to conventional financing.
Mr and Mrs Gavlen Miller and children Amy Johnny and Beth visited Mr and Mrs Wilbur Laux over the weekend. Saturday dinner honored the Millers seventh anniversary with guests including Mr and Mrs Rudy Adler. Mrs Allen Wernl hosted Mary circle of ALCW at her home Tuesday.
Mrs John Brangwin Jr presided over the session with devotions by Mrs Kenneth Merkel who directed the Bible study Christ the Same Yesterday Today and For ever Reports by Mrs Wernl covered the month’s cause stewardship and the church of the month in San Antonio Tex A contribution was taken for this church A luncheon followed and the September meeting will be at Mrs Dean Granquist home
Iowa moves to attract industry with new tools as editors note a shift in policy. The Globe-Gazette reports the state stands ready to compete in industrial growth shortly after the 1903 legislative session began.
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