A look back in time – July 1972

50 years ago

Around Town

July 8, 2022 - 3:30 PM

City crews are busy extending utility lines to the north Iola Industrial Park to serve Inter-Collegiate Press, Inc. The company will build a plant with 50,000 square feet of floor space in the park this summer and fall. City Superintendent Jim Wilson said a 12-inch water line and a four-inch diameter gas line will soon be in place.

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Iola’s Marching Mustangs made it to Indianapolis and back with about $550 to spare, said Don Bain, principal of the high school. Joe Bill George, band director, praised the band for its performance in the 2.5 mile parade in downtown Indianapolis and later around the race track itself and said he was proud of their behavior.

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Ray Pershall will become president of Allen County State Bank effective Aug. 1, W. A. Michaelis, Jr., chairman of the board of directors, announced. He will succeed John Bertoncino who resigned to devote his time to other investments and business interests. Jerry Wright will become executive vice president. Pershall has been with the bank since 1965 when he became agricultural representative. He was made vice president in 1965. Bertoncino bought the bank in July of 1964 and came to Iola in August of that year. He became president Jan. 1, 1966. He said he and his family will remain in Iola as their plans now stand.

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