New Braunfels Herald Zeitung (Newspaper) - March 31, 1985, New Braunfels, Texas
Bond Buyer index
Index of 20 municipal bonds; 20 year maturities, various ratings
Dow Jones average
Chicago Tribune Charts
Money supply [MI]
In billions of dollars
Commodity futures index
Index of weekly closing prices of 27 R Revised key commodities; 1967 100
3-month Treasury bills
Percent, weekly average interest rate
Source Commodity Research Bureau
Producer Price Index
Money supply IMI
»»ln pillions of dollars
Sunday March 31. 1985
TCB elects Dorbant as vice president
The Board of Directors of Texas Commerce Bank-New Braunfels has elected John T. Dorbandt a senior vice president in the bank's com-merical lending division. The bard’s action was announced by Texas Commerce president. Robert E. Orr who said. "John will join Texas Commerce in mid-April when we move into our New Ixibby addition.” Dorbandt originally joined Texas Commerce in 1975 after two years experience in an Austin bank and nine years experience as a national bank examiner in the Office of the Comptroller of the Currency. He left his position as a Vice President of Texas Commerce in 1978 to assume the Presidency of Hays County Bank. Orr said, “After steering the San Marcos bank for six of its first eight years and through its merger with a Texas bank holding company, Dorbandt returns to his first love: structuring commercial loans for the individuals who own or manage commercial and corporate businesses in the IH 35 Corridor Communities. We are very pleased to have him back as his experience will both strengthen our lending staff and allow us to better serve our '•ustomers.”
Chapman joins SASA office
Steve Chapman has joined San Antonio Savings Association as vice president. The announcement was made by W.W. “Bo’’ McAllister III, chairman of the board.
Chapman is vice president-manager of the correspondent lending department in the Mortgage Banking Division. He received a bachelor’s degree in economics from the University of California, Berkeley. Before joining SASA, he was regional manager of PMI Mortgage Insurance Company.
Naegelin gets company promotion
Clinton F. Naegelin, a native of New Braunfels, has been appointed senior vice president-administration for The Signature Group, a direct marketer and administrator of insurance, clubs and service
programs. The appointment, which is effective immediately, was announced by Roland Baker, chairman, president and chief executive officer of The Signature Group In his new position at The Signature Group, Naegelin, 45, is responsible for directing the company’s personnel, loss prevention, administrative services, marketing production and communications activities.
The Sentry motorcycle helmet.
Ahead of its time.
(up to $150 00 value)
Because your ^alei/ is important Dairyland County Mutual >s rca^ng this great helmet otter The Sentry is aerodynamically designed rn tough poiycarponaie for minimal rvind resistance Plus you nave art optically perteci shield ana plush comfort finer The helmet meets or exceeds ail Department at Transportation safety standards To learn more apout this valuable offer just call us today And ask about Dairyland s affordable, flexible motorcycle insurance coverage
WITTING & MILLER, INC.
299 W. San Antonio New Braunfels, Texas 78130
Frank Witting Dong Miller
Municipal bonds offer several advantages
From Edward D. JonesEtCo.
With the growing interest in taxfree investments, it’s important to know a little bit about them.
We’ve discussed IRAs, but, perhaps, it would now be beneficial to discuss municipal bonds. When a local or state government needs capital to finance improvements such as schools, sewers, highways or holidays, it issues bonds. These bonds play a vital part in public improvements, but they also offer a reliable alternative to investors who want competitive, regular interest without paying federal taxes on that interest.
According to the text Fundamentals of Municipal Bonds, published by the Investment Bankers Association of America, there are four primary advantages of municipal bonds. First, the security of these bonds generally is considered to be second only to bonds of the federal government. Second, they are extremely marketable. Third, the diversity of issues and maturity dates enables an investor to obtain bonds issued by his or her local government which
mature exactly at the time he or she wants. And, fourth, the interest on municipal bonds is currently exempt from all federal income taxes.
Although municipal bonds generally are considered second only to the federal government in security, this security varies depending on the purpose of the bond and the source of debt repayment. These characteristics are specified in the official statement which defines the bond as a general obligation bond, a revenue bond or a housing authority bond.
General obligation bonds are secured by the full faith, credit and taxing power of the public authority issuing them. They often are referred to as “G.O. Bonds.” The source of repayment of these bonds is general taxes. If more money is needed to repay the bonds, taxes are increased. On the other hand, if the issuer's taxing power is limited to a maximum tax rate, the bonds still are general obligations, but they are termed "limited tax bonds ” Revenue bonds are issued for a specific project, and they are repaid by income generated from that
JOHN T. DORBANT
Doeges become Conklin distributors
David and Kimberly Doege, of New Braunfels, have become independent distributors for the Conklin Company, a Minneapolis-based manufacturer of agricultural, building and consumer products.
The Doeges join a national network of more than 38,000 independent
distributors who sell Conklin products and participate in Conklin’s leadership, sales and marketing programs.
Conklin Company manufactures roofing and coating materials, cleaning, lubricant and conditioning products, agricultural chemicals and on-farm alcohol and feed plants which are distributed through a franchise network of independent distributors.
Affordable Computer Services &
are now available in New Braunfels
> Custom Programming on the IBM PC.
Commodore 64 or Atari computers
> Customer List Maintenance including
printing on labels
Computerized Bookkeeping including general ledger
Complete Computerized Billing Services
including invoices and monthly statements 1 Computerized Payroll Wordprocessing
The Environment & Our City
What about our environment? Does the city have a responsibility to protect our rivers, air, and groundwater? I believe it does. But this city has almost no environmental laws This is especially true of chemical and industrial pollution. We depend on the state and federal governments to enforce their air and water standards. In practical terms this means pollution problems that should be taken care of in days or weeks now take months or more Also most of their laws cover the bare minimum and only the worst cases.
What can we do? We could start by enforcing the few laws we have. What use are litter laws or glass container laws that aren’t enforced We need enforcement on the rivers where the littering occurs.
We have to protect our aquifer. I believe that all underground tanks for gas or any other potential pollutant should be licensed and tested regularly. All new tanks should be double walled and on an impermeable surface. Why be concerned about a pipeline when there are already thousands of gallons of gasoline In the ground? We should also have local chemical and Industrial water pollution standards
Persons who store hazardous substances should be required to register with the fire department so that in a fire or other emergency precautions could be taken tor public safety.
We need to license and bond toxic waste handlers, we don’t need an abandoned waste dump.
We should have local air pollution standards that are enforced.
The best time to stop pollution is before It occurs. I need your help. Please vote for Rolf Moore. Call me at 629-4161.
Paid Political Adv by Roll Moor*. Traaaurar of Moor# Campaign
The security behind the mortgages is the property. Pertinent information to know about these bonds before investing includes what insurance backs the mortgages, what types of housing the mortgages will
be limited to, as w ell as other general facts relating to the issue.
When considering investing in tax-exempt bonds, it is prudent to seek reliable, professional assistance. It is well worth your time to investigate the bond and its security.
[Tax Return Preparation
Coleman, Dalrymple Schuler & Elley
I Year CD; S100 -S93.000
1S2-364 Bays CB, S100-S99.99S
SHORTER LONGER PERIODS AVAILABLE,
WE ALSO HAVE ATTRACTIVE JUMBOS C IRA’S
Rates Subject to Change
SCHERTZ BANKO TRUST
LONG TRADITION OF SERVICE AND COMMUNITY SUPPORT. WE PRIDE OURSELVES IN THE PACT. WE ARE LOCALLY OWNED AND DEDICATE OURSELVES TO SERVE YOU BETTER AND SECURE YOUR FUNDS.
SCHERTZ BANK 6 TRUST 519 MAIN STREET SCHERTZ, TENAS
Lobby: Mon. - Thurs. 3-3, Fit 9-6 Drive In: Mon.-Fri. 8-6, Sat. S-3
_MHR. PULSl/leller 2