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Thursday, October 17, 2024 at 6:20 AM

Cisco’s Bonded Indebtedness Dragged On For 26 Years From 1929 to 1955

Continued from May 4, 2023 edition) By Duane Hale Believe it or not, Cisco built in 1970 a new hospital named the Graham Memorial Hospital. It replaced the former Humbletown Hospital which had been renamed the Graham Hospital. Yes, they received a grant of over $313,000, plus they used bonds for a hospital a costs, with the furnishings, of nearly $900,000.

Continued from May 4, 2023 edition) By Duane Hale Believe it or not, Cisco built in 1970 a new hospital named the Graham Memorial Hospital. It replaced the former Humbletown Hospital which had been renamed the Graham Hospital. Yes, they received a grant of over $313,000, plus they used bonds for a hospital a costs, with the furnishings, of nearly $900,000.

It closed in 1990, just two months before its 20 year existence. This is important because the government funded grant stated that the money did not have to be paid back if the hospital had been in existence for 20 years. The furnishings were sold, and the building became a boys minimum correctional facility for a period run by Mel Matthews, later sold to the Cisco ISD. An Ag building is on the spot today. The hospital itself was torn down. A basement is still there today. One wonders what happened to the bonds that were outstanding. Another well known writer, Evelyn Valek, wrote Cisco Hospital Board Approves Tax Refunds. Valek stated that the debt with interest stood at $472,000. Bob Conner said the hospital district will continue to collect taxes at the 14 cent rate (reduced from a 50 cent rate) to retire the debt. Conner also said, “It will take a week to move the medical records to a place of safe keeping.” By law these records had to be kept. The $64,000 question is, “Where are those records today?”

Then came the last Hoorah one might say for what had been developed at Lake Cisco for entertainment, when just this January of 2023 the Cisco Country Club and Golf Course was deeded to Dan Brook and Dianna of the Brecha Rojo Land Company by a Deed With Warranty, earlier a Deed Without Warranty had been filed by Billy Wright and the late Dick Wooley. Brad Stephenson quoted Article VIII of the Lake Cisco Country Club Articles of Incorporation, “In event of Dissolution . . . all the remaining assets shall be transferred to one or more corporations, groups or other legal entities organized and operated exclusively for charitable, recreational or educational purposes, or any combination of such purposes, on a not-forprofit basis.” Earlier in 1948 Robert E. Grantham, Attorney-at-Law, did a title search for the surface land of the Country Club and determined the land belonged to the Country Club itself.

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