02 Feb 1973
Page 1
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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Feb 02, 1973
Page
1
A city study panel recommends using part of LP and Ls gross revenue for expansion and debt service rather than depositing 1.5 million annually into the city treasury to fund other services. It proposes a seven member board and federal shares totaling 2.5 million to LP and L plus retained miscellaneous income for operations.
UPI report from Austin says Lyndon B. Johnson's will details sale of most Hill Country ranch to Frates Properties Inc of Tulsa Oklahoma. The bulk of the multimillion estate goes to Lady Bird Johnson and two daughters with gifts to 17 relatives and friends.
Former Midland resident and 36th president’s legacy discussed as Bush urged peace through strength. He noted Johnson property, cattle, and conservation efforts, and thanked Midland friends who shaped his career. The event drew about 700 Chamber of Commerce members and guests.
Amstar Corporation signs a 24 year lease with option to buy for 13 million dollars, renaming the local Dimmitt Plant to Dimmitt Division Amstar. New general manager Doug Lapins says few staffing changes expected. plant to process corn starch and dry goods, with shipments labeled accordingly. The agreement includes substantial rental payments and a buyout option during the term, amid tax and legal questions raised by equity firms.
Owners of Great Plains Life and Realty Equity Corp filed a civil suit in 72nd District Court in Lubbock seeking a reduction of taxes on the building of the planned renovation. Fred Timberlake says a half million dollar loan would enable the rebuilding, but tax liens must be cleared first. If the suit fails, reconstruction may still proceed with future funding.
Crown Zellerbach said it will raise the price of 32 pound standard newsprint by 5 dollars to 168 dollars per ton effective Thursday. The increase reflects higher manufacturing and delivery costs and keeps the price within federal price controls. existing contracts will be invoiced at the 1972 price of 163 dollars per ton.
Seer Mrs Dixon warns of national danger including Vietnam and a possible civil war if Nixon follows others. She predicts midst tensions in America and a divided nation on the brink, urging caution as she speaks at 8 pm at the Lubbock Municipal Auditorium.
A reader offers a brief prayer thanking God for access to His gates with thanksgiving and praise, ending in Jesus' Name.
The House Agriculture Committee votes 26 to 8 to require President Nixon to spend the full REAP funds approved by Congress for soil and water conservation. Rep. Bob Poage of Texas warns of a possible veto but says an override is possible. Congress had previously authorized 225 million for REAP, with the program facing reductions and disputes over urban support.
Partly cloudy skies and cool weather expected today with the high in the upper 50s and a low near 30. The Civil Aeronautics Board granted Texas International Airlines permission to suspend service temporarily at Victoria as of Thursday.
A 72-year-old Clovis pawn broker fired five shots at a bandit attempting to shove him into a walk in safe amid a Thursday robbery. The 24-year-old attacker fled. police found about 550 dollars on him. The victim was treated at Memorial Hospital for multiple gunshot wounds.
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