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Newspaper
Mount Dora Topic
Location
Mount Dora, Florida, United States of America
Date
Nov 21, 1940
Page
7
Kennedy discusses updating wills to reflect changing conditions and tax rules. He notes Florida exempts estates under 100000 and explains government taxes, dower rights, and risks of transferring property to evade taxes, urging timely, compliant estate planning.
The article warns Florida residents about estate planning pitfalls including homestead exemptions and out of state executors. It stresses regular will reviews every five years and notes federal and Florida tax thresholds, deadlines for taxes, and the impact of life insurance payable to the estate on administration costs.
Otto Wettstein Jr of Orlando, president of the Florida Telephone Corporation, was elected president of the Florida Telephone Association at its Orlando convention on November 7 and 8. He succeeds Carl D. Brorein of Tampa, now president of the U S Independent Telephone Association. Wettstein, a Florida telephone pioneer since 1895, has operated in the state since 1915. his sons Otto III and Max E. hold executive roles in the Florida Telephone Corporation.
The states general revenue fund deficit grows and is officially estimated at one and a half million dollars in arrears.
The 1940 annual report shows receipts of 83 million dollars with adjustments leaving 55 million dollars actually collected for state purposes. It notes further deductions and credits and calls out the discrepancy between book balances and cash collected. Political context follows with Senate presidency bids for 1941 and potential gubernatorial plans for 1945.
Mount Dora Dorans were defeated by Groveland Greenbacks in a cool Friday night contest. Highlights included Spot Cash scoring on a one foot plunge, a Brooks two point attempt, and a key interception by French as Groveland built a 12 to 0 halftime lead and extended the lead into the second half before the narrative cuts off.
The game proceeded in freezing weather with Bovls yet to score on the Greenbacks when the final whistle blew, leaving the contest unresolved.
The Apopka Baby Hurricanes defeated the Dorans 12 to 0 on a weed-covered field in Apopka. Waters scored from the two yard line but failed on the extra point as the Dorans pushed into Apopka territory late before the final whistle.
Hecker sparked the Baby Hurricanes with a 55 yard interception return and led Dorans to victory as Tavares failed to score in the opening half while the Hurricanes controlled the second half to seal the win.
In the final quarter Hecker intercepted a Ta Vares pass and ran about 90 yards for the game’s lone touchdown as the Hurricanes defeated the Bulldogs 6-0. Milroney’s extra point attempt failed after the key play. Jamie Christy had earlier done a similar long TD run on Mount Dora field.
Clermont mayor H C Bown praises Lake County Silver Anniversary events. He notes the entire program was a grand success and that Lake County commands respect from surrounding territory and unified local interests. Congratulations are offered.
A light observation notes that a thousand dollar paper gain seems small while a thousand dollar cash loss can push a man toward drink, highlighting the difference between unrealized gains and real losses.
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