West Texas bankers tied to FNB funding scheme
Brown of Tom Brown Inc claims no cash changed hands despite six months early funding of letters of credit totaling 50 000 dollars by InterFirst and Texas Commerce. He says he signed whatever was placed before him and had no written guarantee of permanent financing, only a gentlemen's agreement with bankers. You may find it hard to understand West Texas business practices.
MENTIONED IN THIS ARTICLE
Letters of Credit
InterFirst
Texas Commerce
FNB
Brown
Tom Brown Inc
Eagle Properties
West
Texas
Bank Partners See Short-Term Aid In 1982 Loss Cover
Brown, a bank advisory board member, testified he withheld privileged information about FNB being on the problem bank list before the December sale. The six partners believed their investment aimed to avoid a 1982 loss and would be replaced by permanent financing later.
MENTIONED IN THIS ARTICLE
Gilliam
Brown
FNB
Prosecutor argues overplayed Gallagher history in media reports
Sentence roades said. The prosecutor contended that media reports had overplayed Gallagher's employment history with both the Boy Scouts and the Midland Independent School.
MENTIONED IN THIS ARTICLE
Roades
Gallagher
Boy Scouts
Midland Independent School
Defense attorney says Gallagher sought Midland trial despite publicity
District defense attorney Vernon Reichle states Gallagher preferred a Midland trial amid heavy pre-trial publicity, arguing potential local bias and the impact of extensive media coverage on jury impartiality.
MENTIONED IN THIS ARTICLE
Vernon Reichle
Gallagher
Midland
Blue Law repeal bill filed by two Texas senators
Senators Ray Farabee and Oscar Mauzy introduced a bill to repeal the Blue Law. It includes employee protection against seven consecutive workdays and a motor vehicle sales prohibition on consecutive Saturdays and Sundays. The measure aligns Texas with other states that limit weekend sales of certain merchandise.
MENTIONED IN THIS ARTICLE
Austin
Ray Farabee
Wichita Falls
Oscar Mauzy
Dallas
Farabee
Newsboy Manuel Cerventes Pedals Through Flooded Tom Green Ave
Manuel Cerventes, a 12 year old newsboy, braved 6 to 7 inches of water on Tom Green Avenue as rain ended, making deliveries tougher. Water remained in the streets though the downpour had ended, slowing his rounds and posing a challenge to his routine.
MENTIONED IN THIS ARTICLE
Manuel Cerventes
Tom Green
Manuel
Also Mentioned on This Page
Cne
Grigsby
Permian Mall
Famolare
Grigsb
Roy
Carmen Cerventes
Adams Ave
Vien’s Store
Men’s & Youngmen’s
Wool
Orig
V/SA
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