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SistersIncarnate Word ReadyInvest Matching SumMoneyY oa ,1c u m City Com mi ss i o n er s in special session Wednesday night unanimously voted to submit to voters a proposition lor issuance of Hospital Bonds inthe amount of $125,000. Date ofelection has neen set for May 7th. The fii ’st notice of the bond election is being published in thisissue of the Hcrald-Times.Purpose of the bonds will befor expanding and improving Hath Memorial Hospital, nowCongregationing operated of the Sisters of Incarnate Word and Blessed Sacrament with headquarters in Victoria. Operation is under a 99-year lease agreement with the City.PROJECTThe Sisters are ready to invest $125,000 of their own funds into the community project:. This would bring the total local investment un to $250,000 nrnvid-1 his then would make the pro ject a $500,000 undertaking.In order to be included in appropriations for the forthcoming fiscal period the application for federal funds must he submitted by May 31st, else it would have to wait for another 12-month fiscal period. That’s the reason for the election on rather a short not ice.After voters approve the bondissue, the city can postpone is-sult; 1ed voters approve the bond issue and the City Commissioners are highly confident they will.Under provisions of the Hi 11-Burton Act federal funds are a-vailable on a matching dollar ba-for hospital Improvement projects. The Commissioners have been virtually assured that the funds would be forthcoming once the city bonds are voted and the Sisters make their commitment.
Newspaper Details
Yoakum Herald Times
Yoakum, Texas, US
Fri, Apr 19, 1963
Page 1
Full Page
Clipped by
Carrie O.
NA, NA 18 Jun 2023
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