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First NationalNamed SchoolDepositoryDraw from HatFirst National Bank was named the depository for school funds when Mrs. M. M. Mac-Rae board president drew thatname from the hat. The name was drawn at the regular meeting of ttie Waco Independent School District Board of Trustees Thursday.Banks submitting bids were F irst National Banak, Citizens National Bank, Take Air National Bank and National City Bank. The bids of three banks were similiar with the exception of Number 7 on the specification sheet which dealt with waiver of fees for the paying agents of school bonds. National City Bank was not included in the drawing because of their lower iate of interest to be paid on average daUy basis.Dr, Joseph R. Griggs, Vice-Chairman of the board of the Texas Retired Teachers Residence Corioration appeared before the trustees to ask them to drop the suit now pending against the residence for nonpayment of taxes. In his statement to the board he said the home would have to close if they were forced to pay this additional $15,000 each year to the City of Waco and Schooldistrict for advalorem taxes.The home was situated in Waco because of a 1059 committment m which it was stated the residence would be tax free. April, 1967 was the first month since its opening in 1964, thatAdd $500To your Checking Account...profit has been shown. Ninety-two retired teachers are now living in Stillwell.Walter Cocke, architect, presented proposed plan for the addition toMeadowbrookSchool to the board members. The architects have not been hired nor the money obtained for theadditions but the school officialsare planning now for that time.Preliminary planning includes air conditioning in all the additions. Cocke estimatedthat from the date of signingof a contract till finish of the job would be three months onadditions.Superintendent Avery Downing informed the board members tliat each school principal is now preparing his budget for the coming year. He said they are being prepared without the adjustment for a proposed teacher raise now before the legislature in Austin.If it passes, he said tnat Wa-coans can expect a substantialtax rate increase.Williams Chemical Companywas awarded the bid of 150cases of Toilet Tissue at $8.75a case.East Texas Paving Co. wasapproved to put two coats of slurry seal on the parking lot at Richfield High School which is owned by the Heart O' I exas Fair Association. They will apply the slurry seal at 25lt;? per sq. yard not to exceed1999.Mrs. M. M. MacRae was appointed to represent the school district at the Heart O' TexasCouncil of Governments meet-tagS* w r, »,A letter from Mrs. Frank Ware of Corsicana President of the Ninth District of P-TA's was read thanking the school board for their hospitalannual
Newspaper Details
Waco News Citizen
Waco, Texas, US
Sat, May 20, 1967
Page 1
Full Page
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Anonymous
TX, USA 07 Dec 2018
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