County Funds Invested
The Blair county sinking fund commission met Monday at the Hollidaysburg courthouse and voted to invest the sum of $56,000 in war savings bonds which will yield interest of 2 ½ per cent.
The money which now will go to aid war effort had been “ear-marked” in January of this year for the redemption of all outstanding institution district bonds. However, the holders of the bonds need not surrender them and now the money for this purpose has been invested to bring some revenue to the county.
Present at the sinking fund meeting were Commissioners Herbert S. Bolger, Joseph A. Dickson and Dan S. Brumbaugh, Controller Carl D. Butler and Treasurer Charles M. Way.
The county retirement board which began its official functions when the system was inaugurated the first of this year, also met and voted to invest $29,000 from its treasury in the war savings bonds from which the yield will be 2 ½ per cent. This board comprises Messrs. Bolger and Butler and Miss Ella M. Snowberger.
~ Bellwood Bulletin, 25-Mar-1943, Page 1, Column 1
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