Wednesday, November 27, 1991

New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Page: 5

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Text Content of Page 5 of New Braunfels Herald Zeitung on Wednesday, November 27, 1991

New Braunfels Herald-Zeitung (Newspaper) - November 27, 1991, New Braunfels, Texas I New Texas November 1991 Paflt 5A A walk for hunger Fire calls CHURCH WORLD SERVICE COMMUNITY APPEAtS The fifth annual Crop Walk Sunday raised money for the SOS Food Pantry of New This year the walk was spearheaded by local high school and middle school student Pictured from Cooper Chris Erin Perkins and Stephanie Photo by Karla Wenzel Board votes to refinance debt By LARRY ROWE Stiff Writer In hopes of million in the New Braunfels Utilities board of trustees agreed Monday to move tow ard refinancing the debt on the Canyon hydroelectric If the refinancing essen tially means that NBU would issue new bonds at todays lower interest rate to pay off the higher rate said NBU General Mana ger Bob You wind up paying less by a mil lion dollars than you would be by pay ing the old Sohn James controller for the GuadalupeBlanco River Authority of told the Im confi dent that well save at least unless the market goes really sour for us between now and next The river authority built the plant and now maintains and operates NBU benefits from the electricity A total of million in revenue bonds for the facility was issued in 1987 at an interest rate of But in the rate began to drop The interest rate now is down in the range of About mil lion in debt remains on the Underwriters now will take the bonds to market to determine if the interest rate at which they can sell them actually is low enough to pro duce net savings of at least NBU board President Mom hinweg is charged with approving or rejecting the deal in early December based on the markets The board unanimously approved the terms and conditions of the refi which were carried in three documents the official the bond resolution and the bond purchase The official statement by the trus tees explains everything a bond buyer would want to know about the bond issue and the The resolution is a legal document defining the terms of the bond And the agreement states that the bond buyer understands the conditions of the Sohn said refinancing the debt would not extend The bonds are scheduled to be paid off in the year As a gesture of NBU and river authority officials and finan cial advisers went to a City Council workshop after the trustees meeting in order to present the refinancing The council later unanimously approved a resolution to ratify the adoption of the boards In the New Braunfels City Council gave the NBU trustees com plete authority to deal with any financing of the Canyon Lake so the trustees actually do not need the councils approval for the refinanc Sohn The underwriters who will take the bonds to market are the Chicago based John Nuveen Allison tyf San New Braunfels Emergency Medical Service and fire calls from 7 22 to 25 Friday EMS 200 block of Gruene to McKerma Memorial Hospital medical EMS 1400 block of Tex as 46 to McKenna medical McKenna to Method ist San Antonio cardiac emergency EMS Seville at Interstate 35 to McKenna motor vehicle EMS Seville at Interstate 35 assist NBFD 145 Castell electrical NBFD 1100 block of Oasis assist Saturday EMS 1400 block of Mill to McKenna medical EMS Slumber Falls Campground to McKenna medical EMS 1100 block of Church Hill Drive to McKenna medi cal EMS McKenna to Lukes San Antonio cardiac emergency EMS 600 block of Bava rian to McKenna medical emergen Sunday NBFD Wald Road at Krueger Canyon smoke EMS McKenna to Huma na San Antonio cardiac emergency NBFD 600 block of 81 steam from EMS Klrkwood Manor to McKenna medical EMS Unde Apartments to McKerma medical OIL PRICE PLUMME f Step ty May Our service Includes up to 5 quarts of major brand chassis check and flu of all vital engine fluids and a new oil UctittetNUefcwti1 1474 Seguin New Braunfels 6207000 Open AM Defensive Marriage license Driving The following persons have received a marriage license from the Comal County Clerks Ronald Lynn Meadows and Karen Diannc Messenger of Kenneth Jerry Halek and Celia Resales Garcia of New Thomas Richard Hartman Nan cy Ann Motz of New Mathew Thomas Bowon and Teresa Lync Foster of Now Dwight Alan James and Lotitia Cor al Raines Volkman of Universal Gilbcrto Rodriguez and Anna Gar cia of New Alfonso Morales and Amelia Moli na of New Reuben George Wilburn and Daphne Lea Johnson of New Preston Francis McKinney and Anne DuBose of Jeffrey Dale Dietert and Bobbie Jo Henk of New George Dale and Kathleen Trucksess of Kenneth Wayne Preusser and Rhonda Lenee Raabe of New David Lee Vanderveen and Lana Melynda Mills of Canyon Ricky Lane Wilson and Barbara Stiff Wilson of Jeremy Rowell Fieldscnd and Debra Elizabeth Huitt of New John Darrcll Griffith and Teresa Peralcs of New Louis Dewey Lynch and Doris Zcrbel Stcubing of San Richard Martin Randow and June Wilson Price of New Carl Fransis and Karen Sue Merdian of New Ruben Marcus and Patri cia Ramirez of New Kenneth Roy Scidel and Janet Rcnee Dirst of New Ronald Loyd Rudolph and Patsy Laveme Rudolph of New Michael K Lewis and Mark Allen Hartman and Kandi Lee Juliana Alberta Chesnavage of San McKinney of New Edwin Paul Donhauser and Shan Byron Keith Setser and Alison Ann nah Christine Doegc of New Schraeder of New James Drury West and Carlina Vil leda of San Donald Ray McBroom and Bton wyn Ann Wilson of New Michael Francis Redfem and Col lette Coe Redfern of San Saturday and Evening Classes Available Classes held at Holiday bin 4 14 Safety First 6253 OMAS HAUS We ship anywhere in the United States Free Brochure 41 46 i south of 135 Christmas Gifts that Twinkle Bright ntOur of Excellence Great Lunch Specials Daily 05 to OPEN EVERYDAY Taste the Homemade Difference 641 46 1 South 186 6263280 Kelton Lange Seguiix 3721563 Greg Gunderson New Braunfels 6200131 Lutheran Brotherhood is proud to be served by Kelton Lange and Greg Their commitment to excellence and integrity has made them a great asset to Lutheran Brotherhood and to all the Lutherans they serve in the Braunfels If youre looking for quality financial products and quality call Kelton or Greg today BROmERHOOD A htmil oi HiuiKidl Services for Lutherans Bob cwc General Agent IX 78750