Sunday, December 20, 1987

New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Page: 7

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Text Content of Page 7 of New Braunfels Herald Zeitung on Sunday, December 20, 1987

New Braunfels Herald-Zeitung (Newspaper) - December 20, 1987, New Braunfels, Texas Exchanging gifts New Texas December Page 7A List cut to 30 for commission AUSTIN AP About 30 Texans who are still under consideration as new Texas racing commissioners will have their finances and background thoroughly an aide to Bill Clements Clements and his appointments James on Fri day cut the list of candidates for the commission from more than 200 to about Clements has said he hopes to appoint the six public members of the which will govern betting on horse and dog by mid What we will do now is spend an extensive amount of time doing background and thorough research checks on each Huffines The individuals will have to undergo fingerprinting and theyll have to make complete financial disclosure statements with There will be complete security and background checks with DPS the Department of Public Safety and the FBI By those records will be available for public Huffines told the Dallas Morning that former Dallas Cowbovs quarterback Roger Staubach and Fort Worth millionaire Perry Bass are not in the Both Staubach and Bass had been but Huffines said neither was interested and their names were eliminated from Huffines refused to say whether other nominees including former Dallas County District Attorney Henry Fort Worth stockbroker Fred Currie and former Dallas Mayor Robert Folsom remained in the It is very important for us to maintain the confidentiality of the names on the short said Huf We have a great deal of work to do on these and we can move faster if these names arent made Texas voters overwhelmingly ap proved a proposal 3 to legalize betting on horse and dog races in the state for the first time in 50 years Clements is to name six members of the panel two two people knowledgeable about horse racing and two others knowledgeable about dog Members of New Braunfels Business and Pro fessional Womens Club took the money they usually spend on exchange gifts at Christmas and donated it to Comal County Family Violence Making the donation to Elvira are Jayne E and Brenda Sullivan of the Photo by Deryl Clark Advisor says Pennzoil reach agreement on settlement YoKK AP ifxaio Inc its creditors and main and iu con tamed that no interest be paid iTiuUM a pact that would end their Ross said acntnomuus inultttnliion dollar leyai The plan t will te diet was ami firing Texaco util in t s court in court accordini tu an 1lains Ni where Judge Howard the negotiations will hold a hearing I understand an agreement has then put the measure to a vote by all reai tied Hoss Texacci The entire pro nianee to Tev aco s sliareholiliT s comiiutee earl lie will jiilgiiitnt hulds du CiU lii it In SJ 1illlnli lo v nil to cess mild end Koss 111 the last two wevks ettorts to reai settlement moved mto high dn HVC U and the oimmitttf announced a prujxjsal under svrmh Texaco would Peniuoii billion to setlli the judgment Hut s and a takeover who is largest otiuvtcit to cer tain other lh lit to a new compromise plan eliimnaed or inilidetl the con niUrial aria on Kis sarinn at lfintu s Hi vvas unavailable a nl set itiliM Ul ci I i tu vtil v r i iusi1 i hr lirgtla stiji going nil i thf hntll s nt iii winn Ill Iu upxt ling s lo part Houston tiaMd sint oi ant won a lev tlt a that inw at SI tllhon lie lor proleillon dnlll under Ihapter 1 n tin nral ccole SI April to ol o a Miflitlal riiMious tmnd to the lUlguient Icvaco at to TICS s Hum tinpa Iiunt tu I iVacii KIISS is dllictu o llnaliir at tin Kuthsvhild Inc instsiiiient liaiiking firm the includes proMMous to e Ml a I eholilel s mole OH f in com pal lliele Is a luiliel Ulldel standing tlla inain n tir set tlement will Hthrtitigh asset sales lathe than the sale o common K he 1 don t Inhove it Sptvilles Hie assets Ui le Mild l Mie ilkel prospect in Ihls regard Is s pel cent interest 111 ai o anada Inc filch has alleadv dlawn Ilie Illleles oj at least Ivso taliadlali and whlcll has heen elimalod to IK at least J hlllion KOSS also that Hie agreement pmv ides thai all i redltois other than would receive cash or value equal to loo percent ol ttie lace amount plus interest and principal thev Iken entitled to luring the hanki uptcv The main points of the agreement to Inatxiul the same as the framework worked out Thursdas among the two companies and com mittees representing Texaco shareholders ami ci edlloi s With that piojHisal many people involved in the felt a et llement was near Representatives ui the two oil eom panies huddled in a lawyers office all day Friday struggling to work out details involving the form of pay miill and interest Koss said the talks hit a snag on the question of an effective date Texaco might have to pay interest on the out billion He said he understood from a par ticipant that Pemuoil Oiairman J Hugh Liedtke had insisted that 9 per cent or 10 percent interest be paid from when Texaco filed for bankruptcy until next when it is expected to emerge from bankruptcy But Liedtke retreated from that position after supported by BOOKS Book will open Worlds of Come in and Register for a World Globe to be given away 22nd purchase of or more receive a calendar of your choice FUEK coupon below or any purchase of or more automatically enrolls you in our W Krause Book Store Landa Shopping ii2VU251 Name Address Party Trays for every Holiday Occasion We have Party Trays for every occasion and budget relishes and Call us and make your Holiday gettogether easy and our trays feature our own locally produced HickorySmoked Come by and taste that special Smokehouse difference when you order your Party Tray ft 46 JnJ u DERYLCLARK makes pictures worth a thousand in the HvraldZritung THE 1 CLIP JOINT Welcomes CINDY BATEY Cindy Vonnie are now offering HOLIDAY PERMS 35 00 Offer good thru Antonio IK iJ tftf This Saturday Sunday Over 30 Shops Under One Roof Crafts Small Business Market Fund Raising Booths Plants Garage Sales Tools Jewelry Toys Many Other Items All indoors for your comfort convenience Plenty of Paved Parking At the Former GIBSON BUILDING in New Braunfels 1661 Seguin FM 725 OPEN Friday Et Saturday 9 to 6 Sundays 12 to 6 bEGUIN WErKEND MARKET I SO SECjUIN FM725 DOWNTOWN For Space Information or Other Details Call or 6257038 1 TRIPLE MANUFACTURER COUPON Up To In Value WE WILL BE OPEN CHRISTMAS DAY FOR YOU SHOPPING CONVENIENCE SUGAR CONFECTIONERS POWDERED i LIGHT BROWN OR I DARK BROWN II A iLlWIT 3 ADDL AT NORTHERN BATHROOM TISSUE 3 ADD L AT BOX Brown Sugar 4ROLLJ PKG COCA COLA SPRITE OR DIET COKE 2LT i ADO L Al BTL MONTE VEGETABLES OHH N J1 BETTY CROCKER SUPER MOIST CAKE MIX ASSORTED LAYER aMil 41 BOX OLD FASHIONED ICE RND CTN PRICES GOOD THRU THURSDAY DECEMBER 24in LIMIT RIGHTS RESERVED LARGE CALIFORNIA xxi m NAVEL ORANGES 56 COUNT SIZE SPRINGHILL BONiLESS WHOLE HAMS FULLY COOKED LEAN BONELESS LBS1 PORK LOIN SSf1 ROAST CENTER CUT LB HMIl ONE PLEASE SOLD WHOLE ONLY AT THIS PRICE bods McQueeny at IH35 New iraunfels IN THE COURTYARD SHOPPING CENTER 7 to 10 P m 7 to 11 FRJ