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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 08, 1966
Page
4
Babson Park Mass The Babson Report notes that despite a 40 hour standard many workers now exceed 48 hours weekly rising from 4.8 million in 1948 to 9.4 million in 1965 representing 12.9 to 19.7 percent of full-time nonfarm labor. Moonlighting and high demand keep hours rising.
Washington reports builders fear the new anti inflation package could curb home and apartment starts. The plan suspends the 7 percent investment tax credit and accelerated depreciation for all industries while offering $4.7 billion in new mortgage support and measures to ease the credit squeeze.
Readable portions from the October 8 1966 Scottsdale Daily Progress offer a glimpse of local news, events, and notices. The fragment highlights community life in Scottsdale with sparse details about people and places involved.
Area HQ in Scottsdale marks one year of growth as Arizona’s 15th Taco Bell Drive-In opens at 35th and Glendale. From a single 7153 E Thomas Rd location, the chain now spans nine states with franchises in TX TN NM FL OR CT CO UT. Glenn Bell Jr. attends event.
Transport Minister Barbara Castle will fly to the United States next week to study transport facilities in San Francisco Los Angeles New York Boston and Washington as part of a UK transport planning effort.
The Scottsdale Arizona City Council met September 20 1966 to award a 700000 park and recreation bond issue to Valley National Bank of Arizona and associates after seven bids. The bid features a par value issue with accrued interest and premiums and varying annual interest rates.
Legal notice records the Scottsdale City Council accepting The Valley National Bank of Arizona bid for $700,000 Park and Recreational Improvement Bonds Project 1965 Series No 1 1966. Bonds issued July 1 1966 in $6000 denominations maturing 1967–1986 with semiannual interest 4.5 percent 4 percent and outlines terms, covenants, and emergency declaration.
City of Scottsdale issues Park and Recreational Improvement Bonds Project of 1965 Series No. 1 to raise up to 965000 for parks sites and a recreational building. Bonds total 700000 authorized, with taxes pledged, voter approval noted, and coupons bearing facsimile signatures.
City of Scottsdale authorizes sale of Park and Recreation bonds for site purchases and park development with proceeds to fund acquisition and building work. Emergency clause declares urgency and exemption from referendum. Also notice of bulk stock sale by Tarinelli's Butcher Shop with creditors urged to file claims by October 15 1966 and notary attestation dated October 5 1966.
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