More Cash Possibly on the Way to Lon Morris

JACKSONVILLE — Lon Morris College may get more cash to pay its creditors. KETK reports mineral interests acquired by the college in several states were sold for more than $1.3 million. Attorney Hugh Ray III says the interests were originally valued at $300,000 but the school’s chief restructuring officer was able to market them for more money. If the sale is approved this week, the bank will get more than $1 million, and the college will get more than $300,000 to pay its creditors.