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Domestic News
January 5, 1927
The Watchman And Southron
Sumter, Sumter County, South Carolina
What is this article about?
Mayesville eliminates its total indebtedness by paying off $17,000 light plant bonds issued in December 1923, following the sale of the plant over a year ago to Carolina Power & Light Company of Raleigh, N.C., for a substantial profit.
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MAYESVILLE PAYS BONDS
Sale of Electric Light System Frees Town of Debt
Mayesville, Dec. 31--The total indebtedness of the town of Mayesville was wiped out Thursday, when the light plant bonds, in the sum of $17,000, issued December, 1923, were officially paid and cancelled.
The light plant, which was paid for by this issue of bonds, was sold over a year ago to the Carolina Power & Light company of Raleigh, N. C., which assumed control November 10, for a substantial profit over the first cost.
Sale of Electric Light System Frees Town of Debt
Mayesville, Dec. 31--The total indebtedness of the town of Mayesville was wiped out Thursday, when the light plant bonds, in the sum of $17,000, issued December, 1923, were officially paid and cancelled.
The light plant, which was paid for by this issue of bonds, was sold over a year ago to the Carolina Power & Light company of Raleigh, N. C., which assumed control November 10, for a substantial profit over the first cost.
What sub-type of article is it?
Economic
Infrastructure
What keywords are associated?
Mayesville Debt
Bond Payment
Light Plant Sale
Carolina Power Light
Where did it happen?
Mayesville
Domestic News Details
Primary Location
Mayesville
Event Date
Thursday, Dec. 31
Outcome
total indebtedness wiped out; $17,000 bonds paid and cancelled; light plant sold for substantial profit over first cost.
Event Details
The town of Mayesville paid and cancelled its $17,000 light plant bonds issued in December 1923, after selling the plant over a year ago to the Carolina Power & Light company of Raleigh, N. C., which assumed control on November 10.