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Newspaper
Linton Daily Citizen
Location
Linton, Indiana, United States of America
Date
Aug 03, 1971
Page
4
Greene County seeks 130000 in local pledges to meet a $650000 federal EDA loan for a new hog processing plant. The $1.3 million project will be leased to Corn Country Park Inc for 15 years with repayment through lease revenue and note payments starting January 1973.
A pledge agreement outlines a loan to Industries for Linton Inc to fund part of a Greene County Indiana bag processing plant to be leased to Corn Country Park Inc. The loan is demandable by September 15 1971 with 10 percent interest from October 1 1971, amortized over 15 years, prepayment allowed, and payable from plant revenues. It is subordinate to a $390000 first mortgage and a $650000 second mortgage. Industries for Linton Inc commits $130000 toward a $1300000 project. If funds are not used for the stated purpose they will be returned before January 1 1972.
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