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OBD Department of Finance Approves Loan to City of St. Matthews



A loan of $45,000 was approved for the city of St. Matthews to begin zoning. Costs for the city exceeded the $500,000 allottment given to it by the State of Alaska due to its above normal costs of constructing its transportation network. St. Matthews is currently the hub of three major rail lines and two interstate systems, and therefor the loan was approved with little resistance.


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