NBO to Merge with Mercantile Texas in Dallas Holding Move
National Bank of Odessa will merge with Mercantile Texas Corp of Dallas. The deal, valued between 25 and 38 million with stock exchanges at 2,381 Mercantile shares for each NBC 420,000 NBC shares, awaits stockholder and regulatory approval. The merger aims to expand access to nationwide deposits and funding for Odessa customers.
MENTIONED IN THIS ARTICLE
National Bank of Odessa
Odessa
Bank
NBO
Kenneth Jumper
E. 8Th St
Mercantile Texas Corp
Dallas
Jumper
Mercantile Texas
NBC
Kay Harvey
Texas
Austin
Corpus Christi
el Paso
Houston
San Antonio
Waco
New York
Federal Reserve System
County tax exemption questioned by state official
Ector County commissioners approved a 10000 homestead exemption for homeowners but a state Property Tax Board expert says flat figures ignore state law which requires a percentage based exemption. County Judge Gary Watkins and County Attorney Mike Atkins will study the laws and may seek a court interpretation as two laws appear to conflict.
MENTIONED IN THIS ARTICLE
Julie Bird
Ector County Commissioners
Clay Blakeway
State Property Tax Board
Austin
Ector Commissioners
Blakeway
Ector
Gary Watkins
Mike Atkins
Watkins
Underground economy takes toll on ordinary workers
A Dallas Morning News examination profiles three middle income earners who hide earnings from the IRS, illustrating a nationwide underground economy estimated at $300 billion. It notes self employed and employed taxpayers often underreport, outlines filing thresholds, and describes IRS audit methods based on income-expense matching or informants.
MENTIONED IN THIS ARTICLE
International Labor Organization
IRS
Democrats criticize costly Texas special session over tax repeal
Senator Lloyd Doggett challenges Gov Bill Clements on a 60000 daily special session aimed at repealing an uncollected tax. He argues no funds exist from the proposed 1 billion tax relief and questions motives while lawmakers debate higher education spending and potential prison funding.
MENTIONED IN THIS ARTICLE
Associated Press
Austin
Senate Democrats
Bill Clements
Lloyd Doggett
Clements
Doggett
Doggett and Sons
Carl Parker
Port Arthur
Bill Meier
R-Euless
Senate
Senate Education Committee
Odessa council delays Cable TV franchise amid morality debate
At today's Odessa City Council meeting opponents and supporters of morality are decisions voiced as the panel tabled action on Cable TV of West Odessa until July 27. The delay aims to secure a vote by absent member Keith Weddell. The issue, already active for a month, includes questions on franchise scope within city limits and requests for full disclosure and service plans.
MENTIONED IN THIS ARTICLE
Odessa
West Odessa
Keith Weddell
Cable TV
Ector County
Weddell
Thomas Perkins
Houston Seabolt
Dallas
Odessans For Decency
Tony Condit
Paradise St
Condit
Clyde Heron
John Mason
Also Mentioned on This Page
Rex Henderson
San Carlos Bay
East Falkland
By Stephen G. Bloom
The
Dallas Morning News
Internal Revenue Service
East Dallas
By Jack Keever
Parker
Council
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