New Braunfels Herald Zeitung (Newspaper) - March 5, 1991, New Braunfels, Texas
Herald Zeltung, New Braunfels, Texas
Tuesday, March 5, 1991
MCorp’s banks may be gone by time Supreme Court rules
Outgoing Texas Veterinary Medical Association President Dr. Larry Kornegay, at left in each photo, makes presentations to two former New Braunfels residents during a recent state convention. Dr. Lloyd Fiedler of Dallas, at right in photo at left, is installed as 1991 president of the organization. Accepting the President's Award, right, is Dr. Philip Lambrecht.
State veterinary group honors former New Braunfels men
By JANINE GREEN Managing Editor
When members of the Texas Veterinary Medical Association gathered in Houston last month, they honored two former New Braunfels residents.
Installed as TVMA president was Dr. Lloyd N. Fiedler, DVM, of Dallas. He is the son of Mr. and Mrs. Kenneth Fiedler of New Braunfels.
Accepting the President’s Award was Dr. Philip Lambrecht, DVM, of San Antonio. He is the son of Mrs. Phyllis Lambrecht and Lawrence Lambrecht, both of New Braunfels.
Presentations were made by outgoing TVMA President Dr. Larry Kornegay.
“What’s interesting,” said Mrs. Lambrecht, “is that these boys both grew up within a few blocks of each other, here in Landa Park Estates. There was a few years difference in their ages, but they knew each other in school at New Braunfels High.”
Fiedler is a small animal practitioner and owner of Love Field Pct Clinic in Dallas. He is a graduate of Texas A&M University.
He has been invovlcd in TVMA activities for several years and previously served as district director for Dallas
and chairman of the board of directors. Other memberships held by Fiedler include the American Veterinary Medical Association, the Dallas County Veterinary Medical Association and the Texas Academy of Veterinary
Fiedler and his wife Dawn live in the Dallas area with his children, Chris, 18, and Lori, 17.
Lambrccht’s recognition was based on his service as chairman of the Welcome Center at the 1990 Convention of the American Veterinary Medical Association, held last July in San Antonio, the TVMA said.
Lambrecht is a small animal practitioner at Woodlawn Hills Animal Hospital in San Antonio.
He received his undergraduate degree at Southwest Texas State University and his DVM at Texas A&M.
Lambrecht is married to the former Sherry Kocpp of New Braunfels. They have two sons, Ryan, 16, and Nathan, 12-.
TVMA, founded in 1903, is a professional association of about 2,500 licensed veterinarians committed to protecting the public health; promoting high educational, ethical and moral standards within the veterinary profession; and educating the public about animal health and its relationship to human health.
By EVAN RAMSTAD AP Business Writer
DALLAS (AP) — MCorp, which used to be the second-largest bank in Texas, is now facing a Supreme Court appearance that could set two precedents in the way banks are treated by regulators.
But attorneys said MCorp may have its three remaining banks — one of which is in New Braunfels — sold by the time a decision is made, at least a year from now, rendering the case moot.
The argument central to the case — whether the Federal Reserve can require bank holding companies to maintain adequate capital for subsidiary banks — will remain though.
"The briefs are out there and arguments arc out there for someone else to make,” Howard Cayne, an MCorp attorney in Washington, said after the Supreme Court announced Monday it would decide the case.
Also disputed is whether some banking statutes applied to MCorp, which had filed to reorganize under Chapter ll of the U.S. Bankruptcy Code before 20 of its 25 banks were declared insolvent. The $2 billion bailout in 1988 is the second-largest bank rescue ever.
“With more and more bank holding companies in bankruptcy, it’s
The argument central to the case — whether the Federal Reserve can require bank holding companies to maintain adequate capital for subsidiary banks — will remain.
going to give the court an opportunity to provide guidance on the interplay between banking statutes and bankruptcy statutes,” Cayne said.
MCorp now has only three banks — in El Paso, New Braunfels and Waco. Contracts are pending before regulators for the sale of two and MCorp is negotiating with a buyer for the third.
David Luther, an MCorp attorney in Dallas, said the company still wants to win the case to keep its Chapter 11 reorganization on track.
“The incentive to win is to make sure that MCorp's reorganization in bankruptcy court can proceed unabated without any second-guessing,” he said.
The Fed policy, created in 1984 and 1987, requires the holding company of a bank to be a “source of strength”
Two local inner peace seminars offered free
Local Eagles, auxiliary host state conference this weekend
Fraternal Order of Eagles Aerie and Auxiliary #2999 will be hosting the Texas State Leadership Conference of the Eagles Friday through Sunday.
Along with local members, members from throughout the state and special representatives from the Grand Aerie and Grand Auxiliary from Columbus, Ohio, and Milwaukee, Wise., are attending.
Registration fee is $15, but there is no cost to attend the meetings only.
Attending from the Grand Auxiliary will be Vcma Funke, Past Grand Madam President and Auxiliary Supervisor. She joined the Fraternal Order of Eagles as a Charter member of Tama-Tolcdo Auxiliary No. 2828 in July 1952. She served as her Auxil-
AUSTIN (AP) — House Speaker Gib Lewis said he hopes lawmakers can work out differences between House and Senate school finance reform bills iii a week.
His instructions to the conference committee named Monday? “Give me a bill that we can concur with ... Get us out of this trap.”
Lawmakers face an April I Texas Supreme Court deadline to devise a school finance reform plan, or face an order to cut off state education spending.
The court declared unconstitutional the current $14-billion-a-year school finance system, which relies on state aid, local property taxes and some federal money.
Disparities in local property tax wealth can cause wide differences in funding.
Sen. Carl Parker, named to the conference committee on school finance reform, said the House plan would not fix the system.
“ll may not be unconstitutional today, but it has the potential for a growing gap between the wealthiest and poorest” school districts, said Parker
Both the House and Senate bills would impose a minimum local property tax rate, and shift some of the lax revenue from wealthier to poorer school districts within newly created taxing regions.
Tile minimum local property lax rate would be 80 cents per $100 valuation in four years under die House bill, arid $1 in four years under the Senate bill. T he House bill would create 195 taxing regions, and the Senate measure, 20.
Bodi bills would allow school dis tricu lo levy up to anodier 30 cents to enrich programs, and up lo anodier 20 cents for construction. Every school district would be guaranteed die same amount of money at those tax rales.
On top of dial, die House bill would allow school districts to levy addition-ai local property taxes and keep Iud! the revenue.
iary’s first chaplain, as Madam President in 1955-56, and all other offices. Shortly after the institution of Auxiliary No. 2828, a Ritual Team was formed and Funke served as chaplain of this unit for eight year. She served as Madam President of the team for 23 years. In 1955, she became an officer of the Iowa State Auxiliary, serving as State President in 1960-61.
She joined die Grand Auxiliary family in Boston in 1972 and was
elected Grand Madam President during the 25th Annual Convention in Miami Beach, Fla., in 1976. In October 1983, she became a member of the staff in the Grand Aerie Membership Department in Englewood, Colo. When the Grand Auxiliary office was moved to Columbus, Ohio, in September 1986, she accepted the position of Grand Auxiliary Supervisor and has since resided in Columbus.
E.L. “Bud” Collett, Grand Worth Trustee of the Grand Aerie, also will be attending. Collett, of New Port Richey, Fla., is Past Conductor and past Southeast Regional President. Collett served in the Maritime Service during World War II and after leaving the serving, became a member of St. Petersburg Fire Department until his retirement in 1968. His term as State President in 1982 resulted in the state designation as a “Bell Ringer,” an Eagle tribute to leadership.
By DANA OVERSTREET City Editor
Love yourself. Understand yourself. Trust yourself. Put yourself first.
The key word here is “you,” and The Love Movement, also known as The Inner Peace Movement, wants to help people understand how to tap their own potential to make things better in their lives.
Two free seminars are scheduled for the public this week. The first is tonight at 7 p.m. at the Diet Center, 1551 N. Walnut Ave. (The Oaks shopping center). The second is Wednesday at 7 p.m. at the Diet Center.
“The main emphasis is personal development," said spokesman Karen Kramer. “It is very important to understand ourselves and our responses to life.”
The seminars will focus on the causes of stress. Kramer said the main cause of stress for most people is that they deny themselves what they really want to do. Another stress creator is that people judge themselves too harshly.
People belonging to the four basic personality types respond differently to that stress, Kramer said. The seminar, she said, “is a way to whet your appetite, to make you aware of some of the possibilities ... open your eyes
“This program has helped me go after what I want, to be loyal to myself,” Kramer said.
The 40-minute free seminar focuses on teaching people to take care of themselves, Kramer said. “We work with the enthusiasm within people to help them help themselves,” she said. “And we delve into the sixth sense (extra sensory perception) and how to use it. We take the sensationalism out of it and help them learn how to capture the wave every day.”
Kramer said everyone possesses the ability to interpret ESP according to his personality type — intuitive people pick up thoughts and “hear” them, they are intellectuals; visionary people pick up thoughts and “see” them, they are considered to nave photographic minds; propheuc people receive thoughts as a knowing, they quickly grasp the total concept of an idea, and feeling people translate thoughts into a feeling and respond to life depending on how it feels to them.
Following the 40-minute seminar, those attending are invited to attend an in-depth program called “Man and His Universe” for $3. Other more indepth and continuing programs are available. For more information, call 1-800-336-8008
for it. The company “should stand ready to use available resources to provide adequate capital funds to subsidiary banks during periods of financial stress or adversity,” the policy said.
MCorp attorneys say a banking company’s shareholders should be able to limit their potential losses by having the ability to decide which bankj to support, Cayne said. Congress in the 1930s repealed statutes that exposed bank shareholders to unlimited liability for losses, he said.
“If you invest $100 in a company and it fails, you lose your $100,” he said. "Under those old shareholder investment statutes, if you had bank stock you could be forced to put in another $100.”
“The Federal Reserve Board is trying to reinstate the shareholder assessment statues that were repealed over 50 yours ago,” Cayne said, calling the source of strength policies “a power grab without any authority from Congress.”
MCorp’s attorneys also said the 1989 banking reform law that created new regulatory agencies has a “cross-guarantee” provision allowing the Federal Deposit Insurance Corp., in the event a bank fails in a bank bolding company, to assess the other banks in the company for the loss.
J THUT! CLEANING ii' SERVICES BU®
Stnrntf -ut toe*#** ww Simi'977
Richardson Chiropractic Clinic
Walnut at Hwy. 81 Most Insurance Accepted
What do you see on the Horizon for New Braunfels as we get closer
& closer to the year 2000?
£ £ As we approach the year 2000, I see the need for more emphasis on employee benefits. In the service Industry, I see a growing need for more people to provide the kind of service our guests expect. I also see a shrinking labor market with the baby boomers nearing retirement and their children, the work force of 2000, being smaller in number and willing to ieave our community for better jobs. We will need to offer our employees very competitive wages and benefits to attain and retain them in New Braunfels. All this will need to be done at a cost that both owner and customers can afford. J J
Sue E. Hahn, CHA General Manager Holiday Inn-New Braunfels
It’s Coming... Sunday March 31, 1991