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New Braunfels Herald-Zeitung (Newspaper) - March 5, 1991, New Braunfels, Texas New Texas March 1991 MCorps banks may be gone by time Supreme Court rules ByEVANRAMSTAD Writer DALLAS AP which used 10 be the secondlargest bank in is now facing a Supreme Court appearance that could set two prece The argument central to the case whether the J L Federal Reserve can dents in the way banks are treated by hank Outgoing Texas Veterinary Medical Association President Larry at left In each makes require panic noiaing corn presentations to two former New Braunfels residents during a recent state Lloyd Fiedler of at right In photo at Is Installed as 1991 president of the Accepting the Presidents Is Philip State veterinary group honors former New Braunfels men By JANINE GREEN Managing Editor When members of the Texas Veterinary Medical Asso ciation gathered in Houston last they honored two former New Braunfels Installed as TVMA president was Lloyd of He is the son of and Kenneth Fiedler of New Accepting the Presidents Award was Philip Lam of San He is the son of Phyl lis Lambrecht and Lawrence both of New Presentations were made by outgoing TVMA President Larry Whats said is that these boys both grew up within a few blocks of each here in Landa Park There was a few years differ ence in their but they knew each other in school at New Braunfels Fiedler is a small animal practitioner and owner of Love Field Pet Clinic in He is a graduate of Texas He has been invovled in TVMA activities for several years and previously served as district director for Dallas and chairman of the board of Other member ships held by Fiedler include the American Veterinary Medical the Dallas County Veterinary Medi cal Association and the Texas Academy of Veterinary Fiedler and his wife Dawn live in the Dallas area with his and Lambrcchls recognition was based on his service as chairman of the Welcome Center at the 1990 Convention of the American Veterinary Medical held last July in San the TVMA Lambrecht is a small animal practitioner at Woodlawn Hills Animal Hospital in San He received his undergraduate degree at Southwest Texas State University and his DVM at Texas Lambrecht is married to the former Sherry Koepp of New They have two and founded in is a professional association of about licensed veterinarians committed to pro tecting the public health promoting high ethical and moral standards within the veterinary profes sion and educating the public about animal health and its relationship to human But attorneys said MCorp may have its three remaining banks one of which is in New Braunfels sold by the time a decision is at least a year from rendering the case The argument central to the case whether the Federal Reserve can require bank holding companies to maintain adequate capital for subsidi ary banks will remain The briefs are out there and argu ments arc out there for someone else to Howard an MCorp attorney in said after the Supreme Court announced Monday it would decide the Also disputed is whether some banking statutes applied to which had filed to reorganize under Chapter 11 of the Bankruptcy Code before 20 of its 25 banks were declared The billion bailout in 1988 is the secondlargest bank rescue With more and more bank hold ing companies in its panics to maintain adequ ate capital for subsidiary banks will going to give the court an opportunity to provide guidance on the interplay between banking statutes and bank ruptcy Caync MCorp now has only three banks in El New Braunfels and Contracts are pending before regulators for the sale of two and MCorp is negotiating with a buyer for the David an MCorp attorney in said the company still wants to win the case to keep its Chapter 11 reorganization on The incentive to win is to make sure that MCorps reorganization in bankruptcy court can proceed una bated without any he The Fed created in 1984 and requires the holding company of a bank to be a source of strength Two local inner peace seminars offered free Local auxiliary host state conference this weekend Fraternal Order of Eagles Aerie and Auxiliary will be hosting the Texas State Leadership Conference of the Eagles Friday through Along with local mem bers from throughout the state and special representatives from the Grand Aerie and Grand Auxiliary from and Milwau are Registration fee is but there is no cost to attend the meetings Attending from the Grand Auxili ary will be Vema Past Grand Madam President and Auxiliary She joined the Fraternal Order of Eagles as a Charter member of TamaToledo Auxiliary 2828 in July She served as her Auxil Lewis charges conferees AUSTIN AP House Speaker Gib Lewis said he hopes lawmakers can work out differences between House and Senate school finance reform bills in a His instructions to the conference committee named Monday Give me a bill that we can concur with Get us out of this Lawmakers face an April 1 Texas Supreme Court deadline to devise a school finance reform or face an order to cut off state education The court declared unconstitutional the current school finance which relies on state local property taxes and some federal Disparities in local property tax wealth can cause wide differences in Carl named to the con ference committee on school finance said the House plan would not fix the It may not be unconstitutional but it has the potential for a growing gap between the wealthiest poorest school said Both the House and Senate bills would impose a minimum local prop erty lax and shift some of the tax revenue from wealthier to poorer school districts within newly created taxing The minimum local property tax rate would be 80 cents per val uation in four years under the House and in four years under the Senate The House bill would cre ate 195 taxing and the Senate Boih bills would allow school dis tricts to levy up to another 30 cents to enrich and up to another 20 cents for Every school district would be guaranteed the same amount of money at those tax On top of the House bill would allow school districts to levy addition al local property taxes and keep half the Funke Collett iarys first as Madam Presi dent in and all other Shortly after the institution of Auxili ary a Ritual Team was formed and Funke served as chaplain of this unit for eight She served as Madam President of the team for 23 hi she became an officer of the Iowa State serving as State President in She joined the Grand Auxiliary family in Boston in 1972 and was elected Grand Madam President dur ing the 25th Annual Convention in Miami in In Octob er she became a member of the staff in the Grand Aerie Membership Department in When the Grand Auxiliary office was moved to in tember she accepted the posi tion of Grand Auxiliary Supervisor and has since resided in Bud Grand Worth Trustee of the Grand also will be of New Port is Past Conductor and past Southeast Regional Collett served in the Maritime Service during World War n and after leaving the became a member of Petersburg Fire Department until his retirement in His term as State President in 1982 resulted in the state designation as a Bell an Eagle tribute to By DANA OVERSTREET City Editor Love Understand your Trust Put yourself The key word here is and The Love also known as The Inner Peace wants to help people understand how to tap their own potential to make things better in their Two free seminars are scheduled for the public this The first is tonight at 7 at the Diet 1551 Walnut The Oaks shopping The second is Wed nesday at 7 at the Diet The main emphasis is personal said spokesman Karen It is very important to understand ourselves and our responses to The seminars will focus on the causes of Kramer said the main cause of stress for most people is that they deny themselves what they really want to Another stress creator is that people judge themselves too People belonging to the four basic personality types respond differently to that Kramer The semi she is a way to whet your to make you aware of some of the possibilities open your eyes to This program has helped me go after what I to be loyal to Kramer The 40minute free seminar focuses on teaching people to take care of Kramer We work with the enthusiasm within peo ple to help them help she And we delve into the sixth sense extra sensory perception and how to use We take the sensational ism out of it and help them learn how to capture the wave every Kramer said everyone possesses the ability to interpret ESP according to his personality type intuitive people pick up thoughts and hear they are intellectuals visionary people pick up thoughts and see they are considered to have photographic minds prophetic people receive thoughts as a they quickly grasp the total concept of an idea and feeling people translate thoughts into a feeling and respond to life depending on how it feels to Following the 40minute those attending are invited to attend an indepth program called Man and His Universe for Other more in depth and continuing programs are For more call for The company should stand ready to use available resources to provide adequate capital funds to sub sidiary banks during periods of finan cial stress or the policy MCorp attorneys say a banking companys shareholders should be able to limit their potential losses by having the ability to decide which banks to Cayne Con gress in the 1930s repealed statutes that exposed bank shareholders to unlimited liability for he If you invest in a company and it you lose your he Under those old shareholder investment if you had bank stock you could be forced to put in another The Federal Reserve Board is try ing to reinstate the shareholder assess ment statues that were repealed over 50 years Cayne calling the source of strength policies a power grab without any authority from MCorps attorneys also said the 1989 banking reform law that created new regulatory agencies has a cross guarantee provision allowing the Federal Deposit Insurance in the event a bank fails in a bank hold ing to assess the other banks in the company for the UPHOLSTERY CLEANING TERRYS CLEANING SERVICES 8291322 Serving the TilCounty Ant Slnct 1972 Richardson Chiropractic Clinic 6294488 Walnut at 81 Most Insurance Accepted What do you see on the Horizon for New Braunfels as we get closer closer to the year 2000 As we approach the year I see the need for more emphasis on employee In the service I see a growing need for more people to provide the kind of service our guests I also see a shrinking labor market with the baby boomers nearing retirement and their the work force of being smaller in number and willing to leave our community for better We will need to offer our employees very competitive wages and benefits to attain and retain them in New All this will need to be done at a cost that both owner and customers can Sue CHA General Manager Holiday InnNew Braunfels HORIZONS Its Sunday March 1991 MHB HeraldZeitung
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