Company OKs $100K in bonds
Published 12:00 am Tuesday, September 25, 2001
Tuesday, September 25, 2001
The Natchez Democrat
FERRIDAY – An insurance company has paid $100,000 to Ferriday
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on bonds on two ex-clerks who stole $140,701 from the town, officials
confirmed at Monday’s Town Council meeting.
The Town of Ferriday filed suit in May Seventh Judicial District
Court against ex-Town Clerk Ida Tolliver and former water clerk
Kathy Green and CNA Surety, the company that bonded them, to recoup
the money. &uot;The money’s in the bank,&uot; said Town Attorney
Anna Brakenridge. All the Ferriday Town Council must do, at its
next meeting on Oct. 9, is vote to accept the money.
The council could not vote on the item Monday because items
cannot be added to the agenda of a special meeting.
In the past, Mayor Glen McGlothin has pointed out that the
town defaulted on a loan for its water plant, in large part due
to the theft.
McGlothin has also noted that other costs, such as utilities,
fuel and water plant chemicals, are skyrocketing, further stretching
the town’s budget.
Tolliver and Green pleaded guilty in September 2000 to charges
of malfeasance and felony theft. Tolliver was sentenced in February
to two years with the Department of Corrections, and Green was
placed on five years’ probation.
The lawsuit detailed funds stolen from the town, including
$23,980 in 1998 taxes, $22,879 in 1999 taxes and $90,947 from
the Utilities Department.
Tolliver and Green also misappropriated $2,895 by posting that
amount to the Utilities Department but not collecting the funds,
the lawsuit stated.
Also in Monday’s special meeting, Eric McCallon, sales and
operations manager for Houston-based Vertex Energy, expressed
interest in his company opening a location in Ferriday.
The business, which would specialize in recycling oil and similar
products, would employ two people at first but could grow to 15
or 20 employees depending on market demand, he said.
The business would locate in the &uot;old railcar building&uot;&160;on
Concordia Drive in the town’s industrial park. A lease agreement
will be drawn up between Vertex and the town before the Oct. 9
meeting, officials said.