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Mahone Bay Old School_A Life and Times_Bob Sayer

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• Issued 1914 Matured 1944 5% Interest Payable Half-Yearly<br />

• This writer had the good fortune to find a number of the originals, <strong>and</strong> the<br />

Town’s Bond <strong>and</strong> Coupon Register, dutifully <strong>and</strong> neatly recording the interest<br />

payments, early redemptions <strong>and</strong> maturity payments. All paid. No problem!<br />

The <strong>School</strong> <strong>and</strong> Town kept its promises on the ‘promissory notes.’<br />

• Charlie Lohnes, Charlie Begin <strong>and</strong> ‘Pumpey’ Joudrey signed each one.<br />

The $18000 raised in 1914 is equivalent to well over half a million today.<br />

The Sale of the <strong>Old</strong> <strong>School</strong>: Extra funds came from the sale of the old<br />

building. W.H.S. Zwicker’s tender of $3100.00 was accepted on condition<br />

the building be removed ‘within a short time,’ <strong>and</strong> that he should ‘not<br />

disturb the stone work of the old foundation.’ An interesting legal case was<br />

to transpire!<br />

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