40 Years Ago
Iola city commissioners put off making a commitment yesterday on whether to help property owners have access to a federal subsidized flood insurance program. Federally subsidized flood insurance is more than a year old but a final commitment on the part of local governing bodies isnt necessary until next month. More than $750,000 worth of flood insurance, with premiums at a fraction of the cost they would be in the commercial market, is in effect among homeowners here. If the city doesnt join the program the policies will be canceled. And if the city doesnt sign up, those who are in the flood zone would find it almost impossible to buy commercial coverage.