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New Braunfels Herald Zeitung Newspaper Archive: June 23, 1994 - Page 1

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Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

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   New Braunfels Herald-Zeitung (Newspaper) - June 23, 1994, New Braunfels, Texas                                THURSDAY Rockets give Houston first championship ever See PWO TX COUNTDOWN 274 DAYS New Braunfels Sesqulcentennial March March New Braunfels Herald 14 pages in one section Thursday June Serving Comal County for more than 142 years Home of SHARLENE JOHNSON Vol 142 No 160 Inside Sports The River conditions Guadalupe cfs Comal cfs cfs cubic feet per second Stammtisch Birthday wishes from the HeraldZeitung The New Braunfels Herald Zeitung extends the following birthday wishes to Lydia Ann Hernandez Cindy Cantu Riley Mary Alice Martinez Kelly Rotzler Sharlene Johnson Happy Melvin R John ston Edward Kearns Elva Abernathy Johnnie Bezdek Robert Blackford Donna Borum Helen Busch Winona Egendoerfer Jean Flodine Irene Schwarz Happy Anniver sary to David Christina Camareno Happy Small business counseling expanded The Chambers Small Business Council has offered a confidential business counseling service free of charge to area business owners or those considering going into business since the council became a part of the chambers Program of Work five years ago This pro gram is made possible with the cooperation of UTSAs School of Business and has been on a twice monthly schedule since its begin ning The counseling includes information in the areas of expan sion management preventure feasibility loans cash flow inventory control and other topics of importance to the business per son The new counseling service is scheduled in the Chamber office all day the second third and fourth Tuesdays of each month To make an appointment for a confidential counseling session or for additional information call the Chamber office Woodmen camp set for July 1822 Woodmen of the World Life Insurance Society will have its summer camp on July 18 through July 22 for all the Woodmen youth members age eight through 15 Members of Woodmen of the World are invited to attend our annual youth camp for five days of fun and excitement The camp is free except for a S10 registration fee and each camper will receive a Tshirt and a cap Please call J F Felger Wood men field representative at 210 6091255 for more information Stammtisch The New Braunfels HeraldZeitung invites its readers to submit items to Stammtisch According to the Sophienburg Archives and members of the German community Stammtisch represents a sitting place for members of the community to gather and share the days happenings We invite you to share with The winning numbers Lotto Texas f6 737 3844 million jampot TEXOS LOTTERV This newspaper is printed on recycled newsprint Citizens Bank sale falls apart By ROGER CROTEAU City Editor After three months of constant talks negotia tions to sell Citizens Bank to a San Antonio bank holding company broke down Tuesday Citizens Bank and Intercontinental BankShares Corporation of San Antonio signed a letter of intent on the sale of the New Braunfels Bank March 21 About the only thing I can say is that both par tics put a lot of effort into negotiating a deal There were just some issues that could not be resolved to everyones said Citi zens Bank President Bill Cone It was not for lack of effort It just happens Some issues could not be says Citizens Bank President Bill Cone Cone said he could not be more about what issues led to the breakdown of nego tiations However he added that both panics agreed to discontinue the discussions and the parting was amicable The cancellation of the planned sale of Citizcas Bank means New Braunfels will still have a locallyowned independent bank I am sure we have mixed emotions on our board of Cone said Some will be happy to keep a local lyowned bank Some will be disappointed the sale did not go Cone said he anticipates that Citizens Bank which is owned by New Braunfels Bancsharcs Incorporated will remain locallyowned for the foreseeable future We were not actively trying to sell the bank when the offer came along It was just such an attractive offer we felt obligated to look at Cone said We are back in the same position as before We are not actively seeking a IntcrCons sole subsidiary bank Interconti nental National Bank has operated in San Anto nio as an independent locallyowned for more than 30 years InterCon Banks two branches arc located at the entrance to Lackland Air Force Base and Concord Plaza Drive near the San Antonio airport Questions about negotiations with Citizens bank were referred to Steven Pritchard Efforts to reach him were not successful at press time Citizens Bank located 315 Landa Street has operated in New Braunfels for more than seven years It is the only independent locallyowned bank remaining in New Braunfels Members of GVTC hold 39th annual meeting By JENNIFER ROMPEL Staff Writer The members of Guadalupe Val ley Telephone Cooperative reelected four board members Wednesday night during the 39th Annual Membership Meeting Those reelected arc Raymond Armstrong District 1 Curtis Bremer District 2 Arley Sucltcnfuss District 3 La Verne Cudabac District 4 and Joe W Hindman District 5 Five directors positions were considered for threeyear terms There are 15 peo ple on the board Nearly 900 people registered for the membership meeting which was held at the New Braunfels Civic Cen ter Officials said more than meeting notices were mailed Total revenues for the cooperative were approximately SI8 million in 1993 according to Bremer who serves as chairman of the board Rev enues were 6 percent higher than 1992 Operating expenses were approxi mately SI million which is a percent increase the net income was approximately million a 22 per cent increase over 1992 Our financial condition remains extremely said Bremer It remains your boards goal to continue conservative policies that will allow us to take advantage of additional oppor tunities as they develop in the indus Bremer said the Internal Revenue Service is trying to make GVTC a taxable cooperative He explained this issue came before the membership last year and it is still unresolved If the government tries to make GVTC a taxable cooperative the GVTC board intends to resolve the matter in litigation said Bremer This rural cooperative is ready to fight for what it thinks is This could have an impact he said Bremer also said he believes small cooperatives will receive some regu latory relief in the state Legislature this year Some relief was expected last year but the legislature decided to study it longer he said We dont believe we need to be regulated We feel we have inhouse competent said Brc mcr The cooperative returned mil lion to its owners last night in the form of capital credit checks Also during the meeting a special presentation was held to honor Joylccn Dodson who retired this year as the public relations officer for GVTC The Employee of the Year Award was presented to Jan Alexander who works with Guadalupe Valley Com munications Systems a subsidiary ofGVTC Hes outta there HeraldZeitung photo by JOHN HUSETH Zed Vlcknalr catcher for the New Braunfels American League Red Team nineyearolds applies the tag at the plate to Joey Van Noy of the New Braunfels American League Blue team during last nights game The American Blue went on to beat the American Red team by a 107 score See story page 6 Council to consider industrial corporation By JENNIFER ROMPEL Staff Writer The New Braunfels City Council will hold a special meeting tonight to discuss the possibility of forming an industrial development corporation The meeting will be held at 6 in Meeting Room D of New Braun fels Municipal Building According to Mayor Paul Fraser the corporation could help bring industry to New Braunfels We want to see if we can develop the corporation to induce business to come said Fraser This is something that has been brought to my attention recently It seemed like an interesting idea This might allow us to do even more good work to induce industry he said The Texas Department of Com merce helps administer the program Fraser said the corporation could help the city offer tax free municipal bonds to businesses He said in essence it might allow the city to extend its tax free status to businesses if the busi nesses can find a third party to back the bonds so that the city would not be liable for the debt During the meeting the city will also hear a report by a consultant regarding a potential industrial prospect Fraser said the name of the prospect has not been released at this time Womens Center to receive through block grant By CRAIG HAMMETT Staff Writer The Womens Center will receive through the City of New Braunfels for the final portion of con struction on the new building The money was provided through a grant called the Community Devel opment Block Grant CDBG a func tion of the Federal Community Devel opment Grant Program of the Depart ment of Housing and Urban Devel opment This is a big deal for said May or Paul Fraser This is the first time weve been designated a separate CDBG New Braunfels has had to share grant money in the past and can now send more money toward programs such as the Womens Center drainage work on Bergfeld Veramendi and Mather streets Habitat for Humanity and summer recreational employment The funds are intended for projects in areas with low to moderate income The new Womens Center will be located off the Common St exten sion County Attorney Nathan Rheinlan dcr has said domestic violence accounts for the majority of assault cases processed by the county Chante of the Womens U tcrsaid most facilities of this type are secretly located She said the New Braunfels center a United Way fund ram HeraldZeitung photo by JOHN HUSETH From left Mayor Paul Fraser Jill Curtis Steven DeLemos Pam Kraft Chante Mazy Robert Konkel and Rita Kaufman If a woman needs a place there is a place to she said We wont as much of a secret We trying to do something about it We dont women to be afraid or feel ashamed to conic GBRA approves for Comal Springs eco plan SiV fWAiG HAMMETT Fish and Wildlifc Scrvica USFWS is looking for area donors part of our commitment to the entire 3 Thc USFWS has already secured a such as the GBRA to match those fed River Basin and our Board By CRAIG HAMMETT Staff Writer Thc Board of Directors of the GuadalupcBlanco River Authority approved a contribution to help fund a Coma Springs Ecosystem Man agement Plan developed by the Fish and Wildlife Scrvicc The USFWS has already secured a grant from the National Fish and Wildlifc Foundation for develop ment of the plan provided that match ing nonfederal dollars can be obtained Judy Gardner of GBRA said the USFWS is looking for area donors such as the GBRA to match those fed cral dollars GBRA has long supported protec tion of historic uses endangered species and spring ibw to the Comal San Marcos and Guadalupc Rivers as part of our commitment to the entire River Basin and our Board believes that this contribution is impor tant to the overall cnviiunmcntal health of this said GBRA General Manager Bill West in a released state ment For news advertising or subscription information call 6259144 or Metro 6060846   

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