New Braunfels Herald Zeitung (Newspaper) - February 24, 1987, New Braunfels, Texas
Tuesday, February 24,1987
Herald-Zetffung. New Braunfels, Texas
rn ai Drip! iii c.nurcn yourn spern pan their weekend standing around looking pretty. The group was raising funds for camps and retreats sponsored by the Youth Ministry of First Baptist. The students posed as live still models at Jacob Schmidt Company, Wal Mart,
Willis Town 'n Travel Fashions, The Collection, J.C. Penney, Just Me and Beall's Department Store. Above, Colette Cadenhead and Walter Heywood model Coca Cola fashions in the window at Jacob Schmidt. Business sponsors in
eluded Texas Commerce Bank, Tom Bluntzer, Attorney, American Muffler, Cary Leverett, M D., Nelson Kahler, D.D.S., Jim Cook Insurance, Witting and Miller Insurance, Sonic Drive In and Bennie Weeks, C.P.A.
LESLIE KRIEWALOT/Staff PhotographerInsurance rates rise following board action
AUSTIN (AP) - Here are automobile insurance average rates. by territory, as approved Monday by the State Board of insurance These sample rates are for coverage including $40,000 in bodily injury. $15,000 in property damage liability and $5,000 personal injury protection.
The changes are calculated for a 1986 low-to-medium priced car that is driven to work but not used for business and with no male driver under 25 and no female driver under 21
Current rates are shown in paren theses:
Comal, Guadalupe. Hays. $503 ($461). up9 I percent Harris, $741 ($699 >, up 6 percent Dallas, $662 ($493). up 11.6 percent Bexar. $610 ($531), up 14 9percent Tarrant. $613 < $554, up 10.6 percent El Paso. $609 $536). up 13.6 percent Orange. $571 < $626). up 9.6 percent Nueces. $528 ($483), up 9 3 percent Lubbock. $581 ($527), up lo 2 percent
Taylor. $505 • $480 t. up 5 2 percent Webb. $624 < $594), up 5 I percent Grayson. $512 < $476), up 7 6 percent Potter Randall. $603 ($566). up 6 5 percent
Tom Green. $517 $465). up ll 2 percent
Wichita. $483 ( $445). up 8 5 percent Jefferson. $564 <$556>. up I 4 percent
Galveston. $593 ($575), up 3.1 per cent
Travis. $612 ($539). up 13 5 percent Mclennan. $494 ($447). up IO 5 per
Denton. $6ui ($550 •. up 9 3 percent Collin. $606 * $534> . up 13 .5 percent Kills. $551 i $498 > up IO 6 percent Wise. $575 ($5t9 >. up 6 7 percent Johnson. $563 t $5161. up 9 I percent Brazoria. $554 <$533>. up 3.9 percent
Fort Bend $680 *$619>. up 9 9 percent
Waller. $638 • $589 > up 8 3 percent
Montgomery. $670 ($644). up 4 per cent
Bowie Morris $510 $464). up 9 9 percent
Gregg $520 ($492) up 5 7 percent Smith $520 1 $492). up 5 7 percent Harrison. Rusk Upshur. $518 ($490) up 5 7 percent Kaufman Rockwall. $619 ($531), up 16 6 percent Hood Darker. $514 $492), up 4 5 percent
Angelina Nacogdoches. $499
t $460 up 8 5 percent Hardin $533 • $4H4>, up lo I percent Chambers Liberty $610 >$585), up 4 (percent Bell $-199 $4601. up H 5 percent Williamson. $503 < $4611 up 9 I percent
Calhoun Matagorda Victoria. $531 ($482 *. up lo 2 percent Aransas Jim Wells Kleberg. San Patricio. $531 < $481 < up IO 2 percent Brooks. Jim Hogg. Kenedy. Starr. Willacy, Zapata. $512 <$485>. up 9 7 percent
Cameron Hidalgo $535 <$510>, up 4 9 percent Maverick. Val Verde $515 ($469',
State senators pushing for mortgage equity legislation
AUSTIN (AP) - Legislative spon sore of a bill to allow second mortgages say it would free up home equity for Texans to spend on other purposes. But a consumer spokeswoman says it would give banks another chance to foreclose
The proposed const it tonal change would give Texans the same options now enjoyed by residents of the other 49 states, two senators said Monday
“Every other state in the country, except Texas, allows homeowners to borrow against their equity to pay for items,’' said Sen Cyndi Krier. R-San Antonio, co-sponsor of a bill to permit such loans
Joining her was Sen Bob Glasgow, D-Stephenville. who said the bill includes solid protection for consumers.
lf voters approve a constitutional amendment to permit it, the bill would allow banks, savings and loans, mortgage companies and some other lenders to make loans on some of the equity a homeowner has built up in his house.
An absolute limit of 80 percent of
the appraised value of the house would apply to all loans, and borrowers would be required to retain an unencumbered $10,duo equity above all loans. Glasgow said
Home equity loans couldn't be made unless a house had an appraised value of at least $50,two. and if a person is 65 al the time of a loan. there could not be a foreclosure until both spouses died, he said
Glasgow said that the bill, which has yet to find a House sponsor, has met with some opposition from both bankers and consumer groups However, he said he believed lenders would support the measure
But Rebecca Lightsey. spokeswoman tor the Texas Consumer Association, said the proposal raises many concerns
“It is cause for questions when the banks are telling the people of Texas they want to do us a favor,” she said
“The problem with this bill is it s billed as allowing people to do what they want to with the equity of their homes But the bottom line is, this is a way for the banka to get people's homes." she said.
Ms Lightsey noted that out-of-state banks won the right in the last legislative session to take over Texas banks, and she said this is another inroad for those out of state institutions
‘It's curious that this session - as soon as the interstate banks come into Texas that we see the banks getting involved in this It looks like it's not just Texas banks that want our homes but it s the New York banks as well.” she said Mrs Krier said that besides freeing up money for homeowners to put to other purposes, second mortgages would pump needed new cash into the state's battered economy “It is estimated that a home equity bill such as (this) will pump at least $4.4 billion annually into the Texas economy Currently, there is roughly $148 billion to $280 billion of untapped equity in Texas homes which could be unleashed as capital to fuel new investment in our state, ” she said Mrs Krier also noted that under the new federal tax law. interest payments on second mortgages would be deductible, while interest on other types of consumer loans isn’t.
Speaker: No special session
AUSTIN (AP) - Texas House members will finish work on Ult state budget before the regular session ends, Speaker Gib Lewis says firmly.
Despite talk of a spacial session or two after Ute 140-day regular session ends, Lewis said Monday he Is passing the word that the June I end-of-seeslon deadline will be met. There is no other choice, he said.
“I Udnk we’ll have to got out of bere before the end of the (legislative) year because I don’t think we can afford to go kilo a special ssaslnn. I don’t think our cash
flew will allow us to go Into aquarial
session.” Lewis told sporters.
State Treasurer Ann Richards has
said state checks could bounce in the summer if lawmakers do not solve the budget crisis before then.
The House Appropriations Committee plans to get a proposed state budget to the floor in early April, according to the speaker. Tax bill talk will be delayed until the spending bill is set. he said.
“I’d rather pass the spending bill because once we do that we’ll know where we stand as far as revenue is involved.” Lewis said.
”1 just think we need to go quicker. We need to know the Importance of finishing our work on time. There could be some complications which I hope we de not have, but there’s always that poaaibUity. I Just think
up 9 8 percent Fetor. $560 ($571 >, down I 9 percent Howard. Midland. $559 ($571), down 2.1 percent Andrews. Crane. Ward. Winkler. $515 • $509 >. up 5 I percent Gray. Hutchinson. Moore. $533 »$508». up 4 9 percent Up 9 percent. Anderson. Archer. Bosque. Brown. Camp. Cass. Cherokee. Clay. Comanche, Cooke. Coryell. Delta. Eastland. Erath. Falls, Fannin. Franklin. Freestone. Grimes. Hamilton. Henderson, Hill. Hopkins. Houston Hunt. Jack. Jasper Lamar. Lampasas. Leon. Limestone. Madison. Marion. Mills, Montague. Navarro. Newton. Palo Pinto. Panola. Polk. Rains. Red River. Robertson. Sabine. San
Augustine. San Jacinto. Shelby. Somervell. Stephens. Titus. Trinity. Tyler. Van Zandt. Walker, Wood. Young. $499 ($458).
Up 9 3 percent. Atascosa. Austin, Bandera. Bastrop. Bee. Blanco. Burleson. Burnet, Caldwell. Colorado. Dewitt. Dimmit. Duval. Edwards Fayette. Frio, Gillespie. Goliad. Gonzales. Jackson. Kames Kendall. Kerr. Kimble. Kinney. LaSalle. Lavaca. Lee. Live Oak. Llano. McCulloch. McMullen. Mason. Medina. Menard. Milam. Real. Refugio. San Saba. Uvalde. Washingon Wharton. Wilson Zavala. $606 ($463).
Up 4 5 percent. Armstrong. Bailey. Baylor. Borden. Brewster. Briscoe. Callahan. Carson. Castro. Childress.
Cochran. Coke. Coleman. Collingsworth. Concho. Cottle. Crockett. Crosby. Colberson. Dallam. Dawson. Deaf Smith. Dickens. Donley. Fisher. Floyd. Foard, Gaines. Garza. Glasscock. Hale. Hall. Hansford. Hardeman. Hartley, Haskell. Hemphill. Hockley. Hudspeth. Irion. Jeff Davis, Jones. Kent. King. Knox. Lamb, Lipscomb, Loving. Lynn. Martin. Mitchell. Motley. Nolan. Ochiltree. Oldham. Parmer. Pecos. Presidio. Reagan. Reeves. Roberts. Runnels, Schleicher. Scurry. Shackelford, Sherman. Sterling. Stonewall. Sutton. Swisher. Terrell. Terry. Throckmorton, Upton. Wheeler. Wilbarger. Yoakum. $532 ($509).
Up 9 I percent. Brazos. $503 < $461).
it’s imperative that we do complete our work,” he said.
“I’m saying we’re not going to have a special session,” Lewis told reporters
Saraiee Tiede. spokeswoman for Lt. Gov Bill Hobby, said senators also want to get the budget problem solved during the regular session.
“I think there’s been a feeling all along that they should move as quickly as possible on the Senate side on an appropriations bill, even thouO it might mean working longer days just tog* it done,” she said
“There’s Just not any real reason to delay Everyone knows what the problems are,” Tiede added.
The local delly newspaper play u tam past In all out Heme. From the students, the young adults, those who are middle aped and Into the senior years, we meet concern ourselves with the events of the world. as well as the state and city Im which we live-
We need to know ll war Is threatening. U the stock market fluctuates, what the status el our national dept Ie and how em federal team are being spent and reined.
We need to know how our mate government Is being run and how oar state money
im oving esau
We need to know how our city Ie lacing In the depressed economy. How our utility rates may be Increased and how our local tea dollars are being spam.
We warn to know where we can go hr enteratalnment and ere warn to ambay the right to agree or disagree with cehmnlate. We matey the right ta send letters to the editor mating our opinions en subjects that concern us.
We enjoy reading about Ute sports hem our favorite schools — sad the pres as waif.
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and neighbors — and ourselves — In the
We all enjoy the special sections that come out several times a year — the Wuretlem section, the Chamber of Commerce annual report. the bridal section, the Ha-up sections, the football section, the special section on the lair and the annual Progress sdltlon.
The advertlements dleplayed In the aewepapm show us were to go for the bern buys In lend. clothing, furniture and any athar Items we want or need. Compone fa the newspaper help us save money too Whk the possible Increase In local and state team. the Gramm -Rodman bill. and the unlikelihood el com of living Increases. these en Hued became such as senior cltiseoe need to know what Is going on. lf there evm woo a time the senior cltisene el our city needed a discount It Ie now!
We. m tho Herald -Zmtung. want all rlUaens el our lair city to be aa well Inform-ad as passible, so mm have decided to otter a sonlm chinoa discount.
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