New Braunfels Herald Zeitung, November 7, 1991, Page 4

New Braunfels Herald Zeitung

November 07, 1991

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Issue date: Thursday, November 7, 1991

Pages available: 24

Previous edition: Wednesday, November 6, 1991

Next edition: Friday, November 8, 1991 - Used by the World's Finest Libraries and Institutions
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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 261,500

Years available: 1952 - 2013

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All text in the New Braunfels Herald Zeitung November 7, 1991, Page 4.

New Braunfels Herald-Zeitung (Newspaper) - November 7, 1991, New Braunfels, Texas Records Page 4 New Texas November 1991 GVTC denies television reports Police Blotter ByQREOMEFFORD Special to the Guadalupe Valley Telephone Cooperative representatives said they wont aggressively dispute allegations regarding the companys affiliation with the Rural Electrification Associ as reported on 60 Minutes during an 27 television A 60 Minutes during an expose on the charged the local cooperative with borrowing money from the government associa in spite of its large profits million in 1990 and failure to raise rates In more than 18 The anchorman also reported that GVTC had pursued the purchase of a failed savings and loan questioning the wealth of the com pany as part of a report on low percentage loans made to large corpo rations by the Ken president and chief executive offer of the said OVTC representatives havent spoken with reporters on the titled Welfare for the before or after the report And we will Brannies In response to charges made during the Brannies said the show erred in its reporting on the Smithson Valleybased which hasnt borrowed money from the REA in more than 10 Contrary to the 60 Minutes GVTC docs as have billion in REA 5pcrccnt the cooperatives board of directors said in a statement released laSt We do and never any REA 5perccnt the statement Brannics confirmed that thfc cooperatives board of directors did investigate the purchase of First Federal which closed You cant fight people who bank by the and you cant buy equal time I dont think the program was fair at We dont feel like we have anything to defend at Were not on the offense Ken president and chief executive officer of GVTC branches in Settlor and New Braun fols earlier this We didnt go out and buy a sav ings and Brannies But were looking for investments to keep this company Were going to investigate any thing that comes Brannies We think the purchase wouldve looked Had the purchase of the financial institution gone Brannies said the cooperatives membership would have to approve such action through an Although he considers the report Brannies said GVTC offi cials acknowledge the need for reform within the which is charged with granting privileges to companies that have outgrown the need for the associations This board of directors feels the REAs rules need to be Brannies The REA is not Intended for the and Ill state that to I have for the past 10 Bran nics Despite the negative ring of the television Brannics said the telephone company has not exper Icnccd any nonsupportive feedback from its members to Guadalupe Valley has had no problem with this whatsoever so Brannies Our members love this he The cooperative will not seek to have 60 Minutes correct the errors reported during the Brannics You cant fight people who bank by the and you cant buy equal Brannies I dont think the program was fair at Brannies We dont like we have anything to defend at Were not on the offense And whats wrong with not rais ing your rates in 18 years I thought thats what were supposed to Brannies The executive said he couldnt foresee the cooperative ever requiring another REA if REA opponents intend to continue questioning the associa tions he said it may be time for those rules to be If they dont like the way things are change it and well abide by the Brannies A historic wedding f Tcjurs of the First Protestant Church are available daily from 10 to 4 through Trje special exhibit this year features On display are wedding gowns from the 40s and memora bilja from weddings through the The church Is located at 172 Coll igle Scout project Now Braunfels Police Department blotter frAm 7 5 to 7 6 unfounded and noreports not Tuesday morning Report on criminal mis TCI Officer Report on 100 block of Garden Officer Report on burglary of motor La Mesa Offic Report on servo other comer of Mill and Academy Officer Report on 200 block of Trade Center Officer Tuesday afternoon Report on 100 block of Garden Officer Report on 100 block of Garden Officer Accident and property Texas 46 Officer Traffic Officer Report on deceased 600 block of Lakeview Officer Tuesday evening Report on burglary of a corner of Texas 46 and Oak wood Officer Report on canine Officer corner of Plum and Spur Officer Fire calls New Braunfels Emergency Medical Service and fire calls from 7 5 to 7 Tuesday NBFD 1345 Lee smell of NBFD Interstate 35 at Schwab false NBFD Texas 46 at Inter state 35 assist NBFD 631 Lakeview assist EMS Kirkwood Manor to McKcnna medical NBFD 843 San Anto nio radiator hose NBFD 2665 Katy refuse NBFD 1069 River Rock IN EMERGENCIES faulty alarm EMS 500 block of County Line Road to McKenna Memorial Hospital medical NBFD Interstate 35 at public boat ramp car in Report on suspicious Officer Wednesday morning Report on canine 600 block of Walnut Officer 1 for suspicious veh corner of Narcissus and Officer Traffic FM Officer Summary 53 total calls for Total response time average was Total onsite time average was Total expired time average was Obituaries Allen Hudson Services are pending for Allen of New Braunfels at Doeppenschmidt Funeral He died at his residence Dial FIRE POLICE AMBULANCE 914 PUBLIC NOTICE OnApril GTE Corporation and Omtel Corporation Wed a joint petition for declaratory relief with reipect to the obligation or requirement of 0112 or Contel any of ill tubiidlariei relating to the merger of OTB and GTE and Contel have requeued a ruling from the Public utility Commliilon of Total that neither OTB nor Contel ii required to report the merger of OTB and Contel punuant to Section 63 of the Public Utility Regulatory Act 1446c Yemen that no inveitigalion of the merger by the Commit lion ii In the OTB and Contel teek a determination that the merger ii continent with the public The Commiiiion ii inveitigatlhg the merger between OTB and Contel Corporation to determine whether the merger ii continent with the public In reaching iu determina the Commiiiion ihall take into contideration the reatonable value of the facilitiei or lecuritiei to be diipoied merged or If the Commiiiion findi that the merger ii not in the public the Commiiiion ihall take the effect of the transaction into coniideration in GTE Southwell Incorporatedi and Contel of next ratemaking proceeding and diiallow the effect of mch traniaction if it will unreasonably affect rates or This filing has been assigned Docket Persons who wish to intervene or otherwise participate in these proceedings should notify the A request to or for further should be mailed by 3 December to the Public Utility Commission of 7800 Shoal Creek Suite Further information may also be obtained by calling the Public Information Division of the Public Utility Commission at 512 or 512 4580221 teletypewriter for the Kristopher presents four spine boards to It Frank Gonzalez and Dennis Williams of the New Braunfela Fire Bueche made the boards as an Eagle Scout He was assisted by other members of Boy Scout Troop Also pictured is Boy Scout Devln On this Veterans Day the DAY asks you to remember the high price Americas veterans have always paid for Disabled American Veterans ;