At a meeting of the stock holders of the Macon County Building and Loan Association last Monday night it was decided to issue $10,000 in paid up stock, par value $50 per share. This stock will draw 5 ½ per cent interest and is non-taxable. One individual has already purchased $1,000 worth of this stock and the association expects to sell the balance in a short time as the stock is just as safe as U.S. Bonds and draws more interest.
S.H. Lyle Jr. resigned as Secretary-Treasurer of the association, and George Dean was elected in his stead.
From page 2 of The Franklin Press, Jan. 30, 1925
newspapers.digitalnc.org/lccn/sn92074069/1925-01-30/ed-1/seq-2/
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