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Wilmington Dispatch in Wilmington, North Carolina

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Newspaper

Wilmington Dispatch

Location

Wilmington, North Carolina, United States of America

Date

Aug 07, 1918

Page

1

Uniform Road Financing A North Carolina Plan for Roads

A North Carolina address argues for a national and state funded uniform road system. The State Aid Road Bill would let counties and townships borrow through state bonds at 4 percent, repaid by 5 percent interest from taxes, with a sinking fund to retire bonds in 41 years. Strong safeguards protect the state while promoting statewide road improvement without local debt burdens.

North Carolina England America United States States General Assembly

Plan Lets Counties Share 400000 Bond Funds For Road Loans

North Carolina would issue 400000 in 4 percent state bonds to back 5 percent county and township road bonds. If applications exceed 400000, funds are apportioned pro rata. if less, only actual applications are issued. Surplus from the 1 percent sinking fund offsets future bond needs, reducing each semiannual issue and saving millions.

North Carolina Mecklenburg County

Also Mentioned on This Page

D. M. Clark Greenville N. C Evers Iggue Henry B. Warner The North Carolina Good Roads Association Wilmington, N. C
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