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Chapman hopeful bonds, loan will be OK'd next month
INDIANAPOLIS - Cannelton Schools Superintendent Al Chapman's effort to pay off the school corporation's heavy debt was thwarted, at least temporarily, by concerns expressed at a state Board of Education meeting Oct. 1.
Chapman's turn in the four-hour meeting came at about the three-hour point, and was introduced with an explanation that a 1959 school-reorganization law prohibits school corporations from incurring debt that would make consolidations undesirable.
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