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Shared: Penetanguishene Legion on verge of paying off $550,000 mortgage

Shared: Penetanguishene Legion on verge of paying off $550,000 mortgage

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Royal Canadian Legion Branch 68 in Penetanguishene has finally climbed out of the massive hole the organization found itself in after a past president and secretary-treasurer robbed it of hundreds of thousands of dollars.

On April 26, 2002, the legion took out a $550,000 mortgage on the building located at 2 Poyntz St. On May 11, 2018, the last mortgage payment will be made – 16 years and one month later.

“A lot of people didn’t think we could do it,” said president David Sampson. “But we didn’t miss one mortgage payment.”

The Penetanguishene Legion has long been a pillar of the community. Established in 1919 and officially chartered in 1926, it is one of the oldest organizations in town.

When it was first…

Read Full Simcoe.com Story: Penetanguishene Legion on verge of paying off $550,000 mortgage

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Shared: Penetanguishene Legion on verge of paying off $550,000 mortgage

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