The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1935-01-10
Stockholders Meeting
Of Credit Association
Farmers Urged to File Applications
for Spring Loans on Planted
Crops and Livestock

The annual meeting of the stock
holders of the Wilkesboro Production
Credit Association serving the coun-
ties of Wilkes, Caldwell, Watauga,
Ashe, Allegheny, Surry and Yadkin
will be held February End, 1885, 200
o'clock a. m. at the courthouse in
Wilkesboro, according to advice just
received from the secretary-treasurer
of the association, T. w. Ferguson.
Not only are all borrowers from
the association, the holders of class
B. stock, expected to be present, but
most cordial invitation is also ex-
tended to all farmers in the territory
served by the association and it is
hoped that large number will
accept the invitation. Every member
of the association is urged to bring
one or more non members with him
as it is the desire of the organization
that every farmer in this section
shall acquaint himself with the credit
service which it has too offer.
Directors of the association for the
ensuing year will be elected at this
meeting: Every member of the asso-
citation is entitled to cast one vote,
regardless of the number of shares
he owns, and it is to his interest to
vote for men of the highest integrity
and business acumen. At the meeting
a complete report of the years oper-
atoms of the organization will be
submitted. The Production Credit
Corporation of Columbia will be rep
resented by its Secretary Mr.. w. M.
Webb, who will outline the set-up of
the Farm Credit Administration of
the third district, the method of con-
troll, and operation of the production
credit associations and will give an
explanation of the associations oper-
ating statement from organization
through December, 1884.
It might be stated further the Sec
rotary of the association said that
the Wilkesboro institution has COM
pleted very successful year with
almost 100 percent collections thus
far. Farmers should understand that
the rate of interest is per cent and
that loans are being made every day
for production purposes with spring
planted crops and livestock as collat-
eral. Loans can also be obtained by
stockholders in the association for
the purpose of enabling them to make
home alterations, repairs and i'm
provements on farm dwellings. 1t will
be left up to the stockholders in their
Meeting of Feb. End as to whether
this kind of loan will be granted to
men stockholders.
Farmers are urged to file their ap-
plications now for loans on spring
planted crops. Livestock loans are
also available at any time with an
interest rate of 5 per cent and ma
turity dates running from one year
to three. For example a livestock
grower can borrow and pay back one
third at end of each year for three
years..
50 Arrangements are being made to
take applications in each of the seven
counties served so as to save the ap-
plicant the inconvenience of going to
Wilkesboro at the home office. For
detailed information ask your county
agent, or any of the following direc-
tors: w. H. Hardy, N. ]. Martin, A.
B. Hobsen, ]. w. Brandon, Paul j.
Vestal, Geo. e. Poovey, H. Grady
Farthing, Fred N. Coward, R. E.
Hawthorne. You can also see or write
the secretary-treasurer, T. w. Fergu-
son, at his office in North Wilkes
boro.
n r. SERIJM A SUCCESS