Saturday, May 4, 2013

Rich Hill Mining Review (July 28,1966)part2

Part 2
City Pays Off Bond Totaling $40,000
The City of Rich Hill this week paid off $40,000 in Electric light works revenue bonds.These bonds had 10 years to run until time to be retired.This now leaves a balance of $4,000 in electric lights revenue bonds which become due February 1, 1967.
With the payment of the bonds in February 1967,this will leave the electric light works department of the City of Rich Hill free of debt.
The payment of these revenue bonds in advance of the date due shows the efficient way the City Officials handle the business of the city.

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