School Bond Issue Okayed In Kershaw

Camden – Kershaw County’s School Board of Directors has approved school bonds totalling $500,000, supplementary to state aide in a long-range construction and repair program.

R. A. Dickson and Company of Charlotte, N. C., with a net average interest, a little over three per cent, submitted the low bid. interest on bonds maturing in 1963 was four per cent and those maturing in 1976, 3.8 per cent.

The Columbia Bank Note Company of New York is expected to be awarded the contract for printing the bonds. Arrangements have been made to contact the company.

Money derived from the bonds will be used to defray erecting, maintaining, improving and equipping Camden Elementary School, Camden Junior High, Mt. Pisgah School, Blaney High and Bethune School. The issuing of bonds was authorized during the past session of the South Carolina General Assembly, and was intended as a long-range program for work on all county schools. No specific school was in mind.

This action was taken during a special meeting of the Kershaw County Board of Directors.

Others submitting bids included Courts and Company of Atlanta, Ga.; bonds maturing in 1967, 3.25 per cent; and those maturing in 1976, 3.5 per cent; and Wachovia Bank and Trust Company of Winston-Salem, N. C.; overall average per cent of 3.5 per cent for bonds maturing in 1976.

September 13, 1956  Columbia Record (published as THE COLUMBIA RECORD)  Columbia, South Carolina
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