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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Lovington Leader
Location
Lovington, New Mexico, United States of America
Date
Dec 16, 1949
Page
4
Henry Hazen of Household Supply attends a two week course in linoleum installation at Armstrong Cork's laying school. Students tour the Armstrong Floor Plant to study linoleum manufacture and other resilient floorings.
The Lovington Town Board ordinance authorizes issuance of joint water works and sewer system revenue bonds not to exceed 325000 dollars to finance purchase and improvements. The plan covers acquisition from Southern Union Gas Company for 137500 dollars and estimated improvements to 187500 dollars, with net income pledged for bond repayment.
Official notice outlines redemption terms for bonds 58 to 325 issued by the Town of Lovington. It covers redemption dates, payment of principal and interest from the dedicated Bond Fund, and the form and authentication of bonds and coupons under Ordinance No. 79 dated 1949.
The ordinance covers bond fund reserves, monthly payments, and emergency funds for Lovington water and sewer bonds. It sets reserve targets, investment rules, and timing for deposits, uses of surplus, and protections for bondholders. It also requires system operation, rate setting, connection enforcement, and audit/reporting rights.
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