18th Annual PUMPKINFEST :: Saturday, October 25 from 9am - 4pm * Downtown Franklin :: CLICK HERE FOR MORE INFO!

- published 8/21 (Larry) old link: http://www1.cfnc.org/applications/NC_Community_College/apply.html?application_id=1527

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News General

Although an overwhelming majority of Macon Bank’s members approved of the institution’s plan to convert to stock ownership during a special meeting on Nov. 8, 2011, the Bank’s Board of Directors decided not to move forward with the conversion due to the nation’s economic woes and financial problems in Europe, a banking crisis that some analysts predict will disintegrate the European Union. Macon Bank’s Board of Directors unanimously adopted a plan to convert the company to stock ownership on Jan. 19, 2011. Their decision to postpone the conversion was attributed to the poor performance of U.S. bank stocks in the market this year.

After filing with the U.S. Securities and Exchange Commission in June, Macon Bank began to offer shares in September at $10 a share. After the Board of Directors halted the bank’s transformation to stock ownership, Macon Bank’s CEO Roger Plemens sent a letter to stock subscribers stating that Macon Bank would return their funds.

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In an effort to cut down the amount of heavy truck traffic in downtown Franklin, Town Aldermen voted unanimously to ban commercial thru-trucks with three axles or more on Wayah Street.

The vote followed a public session in which two residents along Wayah Street spoke in support of the ban.

“You don’t need all that weight and noise on that street,” said Wayah Street resident William Howell Derrick before the board. “The trucks have gotten bigger and heavier and every 90 days the DOT fills the holes and cracks [in the road]… You just don’t need all that traffic.”

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State Transportation Secretary Gene Conti announced that state and local law enforcement officers will be out in force as part of the Holiday “Booze It & Lose It” campaign.

Checkpoints and stepped-up patrols will be conducted beginning Saturday, Dec. 3 through Monday, Jan. 2, across North Carolina in an effort to remove impaired drivers from the roads.

“Please plan ahead and designate a sober driver this season so everyone can make it home safe over the holidays,” Conti said.

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State Transportation Secretary Gene Conti announced that more than 3,600 drivers and passengers were cited for seat belt and child passenger safety violations during the Thanksgiving “Click It or Ticket” campaign, which was held Nov. 21-27.

“The department is committed to educating motorists about the importance of wearing a seat belt,” said Conti. “Campaigns such as this one are imperative to getting this message out, and I thank all of the law enforcement agencies for participating in this campaign aimed at saving lives.”

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