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Newspaper
Seal Beach Post And Wave
Location
Seal Beach, California, United States of America
Date
May 19, 1955
Page
12
The California Assembly approved a record 1.53 billion dollar budget with additional 40 million from the rainy-day fund discussed. Governor Knight favors higher taxes on cigarettes liquor beer and horse racing to balance revenues amid growing state costs and deficit concerns.
The text notes that the Austrian peace treaty marks progress yet warns against overemphasis. It cites Soviet promises to return oil lands, US insistence to include it in the treaty, and Moscow’s delay risk. Western resolve pressured Moscow to concede, with the agreement seen as a psychological gesture toward Germany.
The Soviets hope the Austrian treaty will persuade Germans that a united Germany is possible if it shifts from the West and cooperates with Russia. Moscow is unlikely to share this expectation.
Hollywood songwriter Johnny Mercer wired 300000 to settle 500 investors in a Savannah real estate and insurance firm once run by his late father. The company failed 28 years ago and Mercer chose to clear the old obligations rather than pursue bankruptcy, an act described as remarkable by industry observers.
Notice to qualified electors of Seal Beach School District Orange County California that an election will be held May 20 1955 from 7:00 AM to 7:00 PM to elect two trustees. Precincts 1 and 2 with polling places at Seal Motel and School Building and named officers. Returns canvassed May 25 1955 at 6:30 PM.
The city announces a non exclusive franchise for pipelines with bid procedures. Bids close June 21 1955 with deposits and public opening at the City Council office. The bid winner must deposit ten percent immediately and ninety percent within twenty four hours. failure voids the bid and reopens bidding.
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