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Farmington Daily Times Newspaper Archives Oct 22 1972, Page 5

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Farmington Daily Times (Newspaper) - October 22, 1972, Farmington, New Mexico Proposed $875,000county fair Bond Issue explained the successful passage of a $875,000 county Bond Issue for improvements at the Mcgee Park Fairgrounds will help the facility keep Pace with increased use of the grounds by almost every segment of the Community a coniing to the san Juan county fair Board. The Issue the Only local one on the nov. 7 ballot will extend for a 10-year period. Members of the Board said they had requested that it be put before the voters this fall instead of waiting until Spring because quot it is imperative that we build now the buildings Are falling Down the Board said that a piecemeal expansion and improvement of the Fairgrounds would be a much More expensive proposition. Bruce Sterling Board vice chairman said it was never the intention of the Board to withhold information on the Bond Issue from the Public. Quot the Only reason we have waited until now was that there Are still Quiny details to be completed and some of the planning is still in the enter named for railroader Clovis . A the High Plains Center for the handicapped inc., now is the Henry a. Ward memorial Center inc., in Honor of one of its major benefactors. Ward a native of Forrest ., was a former railroader. His interest in the Center a he was a charter member when it to it Egan in 1961 a stemmed from his mentally retarded Chud. Center spokesman said Ward searched Curry and Quay counties for other parents of mentally retarded children with whom to Exchange experience and advice. Preliminary stages quot Sterling stated. Capital improvements slated for the Fairgrounds if the Bond Issue is passed include a 130 by 250 foot livestock building which would include a sales and show Pavillion to replace the present antiquated Structure. Also planned Are 200 More horse stalls to help accommodate the present demand for space at the county fair and Spring race meet the rebuilding of a Rodeo Arena to regulation size and including permanent grand stands a covered area on the Central mall to provide a space for entertainment programs and a three eighths mile Stock car race track inside the present horse race track including a grandstand for both tracks. All present buildings Are to be upgraded with emphasis on electrical and plumbing needs. Rare wine brings $500 Frankfurt Germany apr a lawyer bidding by Telephone paid top Price at an auction of rare wines the equivalent of $500 for a bottle of Steinberger Auslee Vintage 1893. The unidentified lawyer was described by the auctioneer As a connoisseur and collector of rare table wines. The auctioneer said he offered 57 exotic labels which were mostly collectors items unlikely to be drunk. The wines never appeared at the Friday night auction except on a list. The German lawyer s $500 bid does t come close to what a new York wine merchant paid at an auction in new York last May $9,200 for a rare bottle of French wine a 1929 chateau Mouton Rothschild. The Kitchen water and sewer systems an intercommunication systems and More restrooms and drinking fountains. The general improvement of the mall area will include concessionaires and landscaping and an improved traffic controls it Stem. In assessing the Bond Issue Board members said that the Fairground facilities pay their own Way with a steady return being realized from revenues. These include rent of horse stalls with 200 new stalls projected at $10 per month rental for total $2,000 per month and rental of the livestock building and auditorium for Breed association sales and shows and the horse and car track for meetings. In the Long run this makes it a pretty cheap facility for the local the Board commented. Unit Anil Cail 3as-5433call no. 483 charter no. 6183 National Bank Region no. 12report of condition consolidating Domestic subsidiaries of the first National Bank a a a of farmin tonin the state of new Mexico at the close of business on october 10, 1972. Published in response to Call made by comptroller of the currency under title 12, United states code Section 161.assetscash and due from Banks. $ 4,492,997.49u.s. Treasury securities. 5,556,786.74obligations of states and political subdivisions. 4,414,327.12other securities. 67,000.00federal funds sold. 4.000,000.00loans.15,878,940.68bank premises furniture and fixtures and other assets representing Bank premises.718,573.18real estate owned other than Bank premises.46,862.28customers liability to this Bank on acceptancesoutstanding.2,000.00other assets.224,825.69total assets.$35,402,313.18liabilities demand deposits of individuals partnerships and corporations.$13,983,867.06time and savings deposits of individuals partnerships and corporations.11,688,314.61deposits of United states government.329,891.73deposits of states and political subdivisions.3,681,525.02deposits of commercial Banks.228,954.05certified and officers checks etc.296,846.70total deposits. $ 30,209,399.17 a total demand 16,775,384.56 b total time and savings deposits $ 13,434,014.61 acceptances executed by or for account of this Bank and outstanding. 2,000.00other liabilities. 2>086,w.76total liabilities. 32,298,305.93reserves on Loans and securities Reserve for bad debt losses on Loans set up pursuant to irs Rull Nas. 310,576.91total reserves on Loans and securities. 3l6576.91capital account equity Stock total Par value. 700,000.00no. Shares authorized 56,000no. Shares outstanding 56,000surplus. 1,000,000.00undivided for contingencies and other capital reserves. Total capital accounts. 2,793,430.34total liabilities reserves and capital accounts. 135,402.313.kmemoranda average of total deposits for the 15 Calendar Day sending with Call date.29,932,916.56average of total Loans for the 15 Calendar Day sending we a Call date.15,937,189.70i, Stan d. Braun executive v.p., of the above named Bank do hereby declare that this report of condition is True and Correct to the Best of my Lump Edge and d. Braun we the undersigned directors attest the correctness of this report of condition and declare that it has been examined by us and to the Best of our belief is True and c. C. Mua Amas a. H. Nye directors a c Culpepper the last Bond Issue placed before the voters for Fairgrounds improvements the Board said was in the 1960 s when the a Reint auditorium was built. Since that time any improve ments have been made directly through the fair Board itself. Detailed plans for the proposed improvements of the Fairgrounds Are currently being completed and will be published in the daily times when available. A Mem ave Rte a at Rodio City new York a a musicians strike at radio aty music Hall has been averted with the adoption of a new contract for orchestra Mem Iwers. Shortly before a 9 . Friday strike deadline the musicians voted 50-22 to accept a contract that raises their Basic weekly pay from $250 to 1265, plus provides $20 a week in guaranteed overtime. The new agreement also reduces from 21 to four the number of jobs that management will be permitted to eliminate through attrition. Farning Toni .i daily times sunday. Oct. 22, 1972-a probe underway in plane crash Goldthwaite tex. Apr an investigation was under Way saturday in the crash of a Light plane which killed a san Saba funeral Home operator and his family. An investigator from the National transportation safety Board at fort Worth headed the probe. Killed in the Friday afternoon crash were Fred Mccall 32 his wife Margaret 32 their chi Karen i be Ann 12 Troy 10 and Melissa 6 mrs. . Carpenter Mother of mrs. Mccall and Christi Carpenter 17, sister of mrs. Mccall. All of san Saba. The plane was Enro Ute to Lafayette la. When the single engine Piper a 24 groped thigh a heavy Cloud cover and slammed into rugged terrain on the big Bend River ranch near the Colorado River about 10 Miles Southeast of this Central Texas Community. Mccall had filed a Var visual flight rules plan through the nearest flights service station at the Abilene Airport. At the time according to Mills county sheriff Horace Brooke there was a Cloud ceiling of 500 feet and visibility of about one half mile. Quot it was misting too quot Brooks said. Weather minimums for Var flight established by the Federal aviation administration Are set at three Miles visibility and a ceiling of 1,000 feet. Good spot Heffi shia Temam save a whopping big 10% Kitchena dishwashers amp a disposers $25.00 will hold fiction till Christinit i Kitch Enaid dishwashers built-in8 superba Model features 180 a Niccie patented soak Cycle 9-position adjustable upper rack. Top loading portables perfect for Small or narrow kitchens. Open up. Not out. Take a minimum of floor space. Front loading portables big Racks Roll All the Way out for easy loading. Convertible models can be built in anytime. Kitch Enaid food waste disposers grind everything from Bones to stringy vegetables. Model Kwf-100 is Amix save 10%fl or up to $9f.99, m my a Bee we m my it a 5 a a Kitch Enaid mixer dmm off my a chm am Asp Llu a to by a made. With attach to my pad in off m a to my by t i a chm am. Iti titi every food prepare ing Tosk. 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