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The Harlem News
Harlem, Blaine County, Montana
What is this article about?
Montana advertised $15M in bonds last week for veterans' fund, with bids due March 10, despite credit group disapproval; part of $22M total, funded by cigarette tax.
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On Bonus Bonds
Montana last week began advertising a $15,000,000 bond issue to raise funds for the veterans' honorarium fund.
The advertisement, placed by Montana board of examiners, set March 10 as the deadline for bids on the issue. It said $11,000,000 of the bonds will mature in annual installments of $550,000 each February from 1953 to 1972 and $4,000,000 in term bonds will mature Feb. 1, 1982.
The bonds will be redeemed from receipts of the special cigarette tax. State examiners voted recently to advertise the loan, the first part of a total issue to raise $22,000,000 despite disapproval of a voluntary credit restraint group representing many bond houses.
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Where did it happen?
Domestic News Details
Primary Location
Montana
Event Date
Last Week
Outcome
bids due march 10; $11,000,000 in annual installments of $550,000 each february from 1953 to 1972; $4,000,000 term bonds mature february 1, 1982; redeemed from special cigarette tax receipts; first part of $22,000,000 total issue despite disapproval from voluntary credit restraint group
Event Details
Montana began advertising a $15,000,000 bond issue to raise funds for the veterans' honorarium fund. The advertisement by the Montana board of examiners set March 10 as the deadline for bids. State examiners voted recently to advertise the loan.