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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Brady Standard
Location
Brady, Texas, United States of America
Date
Sep 23, 1977
Page
6
The article explains that Social Security provides a base for financial planning and does not replace all earnings. It notes replacement rates by income level, current benefit levels for 1977, automatic increases with inflation, and the need to save and invest to achieve greater retirement security.
Entomologist Dr. Van H. Waddill of Homestead Florida will attend the Cassava Plant Protection Workshop in Cali Colombia from November 6 to 12. He will present a paper on the biology and economic importance of cassava shootfly.
City Council accepted applications for a new sanitarian post to replace the late Robert Strick. Legislation on the volunteer firemen pension fund was discussed but action delayed pending Brady volunteers meeting. A rezoning request on Old Mason Road from residential to commercial was approved with a public hearing set for Oct. 18. People with problems find people who care at 597 2975.
World champion all around cowboy Champ Ropers leads a field of 36 ropers in the seventh annual US Ranch Steer Roping in Post on Sunday October 2 with top ropers Marvin Cantrell James Allen and Jim Bob Altizer in the lineup. The event also features a Saturday match between Roy Cooper and Phil Lyne, plus a western art exhibit valued around $200000 to benefit West Texas Boys Ranch.
The piece reviews how multiple transferors are taxed under asset transfers to a corporation. It covers basis allocation between stock and securities, boot adjustments, and holding periods. It notes issues for cash basis farmers transferring growing crops and the option to keep land outside the corporation for flexibility. Subchapter S implications are teased for next week.
The heirs of Dr James Bodenhamer seek more than 50 000 from Southern Farm Bureau Life Insurance in federal court in San Angelo. Sheryl Ann Rogers Lee Bodenhamer Carole Zesch and Marsha Rothmann sue over two 25000 policies issued April 8 1975 plus 3000 per policy penalties and 15000 attorney fees. The suit alleges premiums were paid in full and death cause remains under investigation.
Milburn Texas letter notes ongoing hospitalization, thanks friends for prayers and help. Mentions dry weather, cooler nights, cemetery work, and a barbecue for rodeo workers. Describes fall farm prep in Milburn Valley and hopes for local paper continuation via volunteers.
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