Word: contractor
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...lease-purchase arrangement, the Government gets a private contractor to pay for the building, keep title to it. The Government moves in, pays the contractor a fixed yearly sum, also reimburses him for local taxes, insurance and other costs. At the end of the lease period (maximum: 25 years), when the contractor's cost is amortized and his profit made, title to the building goes to the Government. Advantages of the lease-purchase device are that it keeps a steady flow of new buildings coming into the federal system, smooths out peaks and valleys in federal spending caused...
Archie A. Alexander, 67, prosperous Iowa building contractor, proved to be a controversial governor of the Virgin Islands (pop. 26,665). A bustling, high-handed administrator with a talent for making enemies, he quickly got into difficulties in the languorous islands. Last month in the St. Thomas market place, hundreds of islanders demonstrated against Alexander, accusing him of incompetence, cronyism, and overriding their wishes. Soon after, he suffered a heart attack. Last week President Eisenhower accepted Alexander's resignation...
...Cold & Embalmed." In retaliation, the Clements-Wetherby forces have hit hard at Chandler, bringing up the free swimming pool a contractor once installed (1942) in U.S. Senator Chandler's back yard, and producing some damning canceled checks, totaling $32,841,40, which Happy received from a liquor wholesaler at a time when he was Senator and baseball's high commissioner. For a while Lawyer Chandler pooh-poohed the "silly questions" about the liquor firm's checks, finally got the company's former president to declare that they were legitimate fees for legal services. The nature...
...Wealthy Philadelphia Contractor John B. Kelly decided not to sue Rave for a story about his daughter, Cinemactress Grace Kelly, when he learned that its editor (then on the masthead as "Victor Huntington Rowland") "didn't have a dime." Said ex-Olympic Sculler Kelly: "If my son or I ever meet him, we'll take him on ... We'll settle it in our own way without a lawsuit...
...Webb, once a Phoenix carpenter, became a builder, grew with the desert boom, is now a multimillionaire contractor and developer, with interests ranging from oil to part ownership of the New York Yankees...