Low-Cost Mortgages For Cities Not County
Franklin Savings Anchor Savings and Kansas State Bank filed to participate in a regional mortgage revenue bond program offering low-interest loans for homes in cities and unincorporated areas. County officials refused to sign, citing legal concerns over intercounty bond sales. The plan, supported by Realtors and local banks, aims to pool about 65 million across 12 counties for borrowers with household incomes under 37,500 and home values up to 68,500, with bonds repaid by loan payments and a small up-front fee.
MENTIONED IN THIS ARTICLE
George B. Pyle
Ottawa
Franklin County
Savings and Loan Associations
Franklin Savings
Anchor Savings
Kansas State Bank
George Marshall
Kansas
Marshall
Labette
Ottawa Board of Education Budget Postpones Costs Rise
The Ottawa Board of Education must publish a new 198 budget to cover rising costs from gasoline and postage. The notice appears on page 3.
MENTIONED IN THIS ARTICLE
Ottawa Board of Education
Holmes Stops Spinks in Detroit to Retain Title
Heavyweight champion Larry Holmes defeats Leon Spinks by knockout in the third round in Detroit to retain the world title. The bout headlines Page 10, confirming Holmes’s ongoing dominance in the division.
MENTIONED IN THIS ARTICLE
Larry Holmes
Leon Spinks
Detroit
Governor Seeks Aid For Damaged Wheat
Governor John Carlin reported preliminary Kansas wheat losses from an early May frost near 127 million bushels and 500 million dollars. He plans to ask Agriculture Secretary John Black to declare a disaster for counties with 20 percent losses, enabling low cost loans. Rawlins County bore the worst impact with 85 percent loss.
MENTIONED IN THIS ARTICLE
Topeka
Hns
Kansas
John Carlin
Carlin
John Black
Rawlins
Congress rushes to approve 35 billion in budget cuts
Congress and Senate committees move swiftly to finalize more than 35 billion dollars in targeted cuts across social programs including unemployment compensation Social Security food stamps and education aid to meet Reagan's 1982 ceiling. Domenici cites a 37.1 billion proposal while Panetta notes at least 35 billion in reductions. Debates set for late June with floor action anticipated in both chambers.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Reagan
Robert Michel
Ilinois
Michel
Pete Domenici
New Mexico
Domenici
Congress
Democratic House
Leon Panetta
D-Calif
Flood damages hit quarry and terraces in Franklin County
Damage estimates from Thursday’s floods will take time to finalize with high losses expected in privately owned property and farm conservation work. Fogle Quarry faces at least 250000 dollars in damage as water overtopped the dike, flooding the pit and forcing abandonment of equipment. Estimates indicate 300 million gallons in the pit and a five week minimum to resume operations, with dike improvements planned. Widespread erosion and breached dam terraces will require extensive rebuilding across rural areas, while city property incurs no major damage. Weather outlook calls for sunny warmth Saturday with isolated storms, highs near 90, and gusty southerly winds.
MENTIONED IN THIS ARTICLE
Diane Vermans
Fogle
Dan Fogle
East 15Th Street
Rock Creek
Brent Fogle
Dan
Brent
Richard Fogle
Dave Hornung
Agriculture Stabilization and Conservation Service
Hornung
Bob Bozworth
Franklin County
Bozworth
Dave Watkins
Ottawa
Iraq urges Security Council sanctions over Israeli reactor raid
Iraqi Foreign Minister Saadoun Hammadi urged the United Nations Security Council to impose mandatory sanctions on Israel after the raid on Iraq’s nuclear reactor. He said stronger action than condemnation is needed to uphold a world of law. Israel defended the strike citing threat of nuclear obliteration. A Reagan official hinted the U S may veto sanctions. Hammadi met Mexico’s ambassador to coordinate the June debate.
MENTIONED IN THIS ARTICLE
United Nations
Saadoun Hammadi
Security Council
Israel
Iraq
Hammadi
Yehuda Blum
U.S
Arab League
Baghdad
Porfirio Munoz Leda
Mexico
Also Mentioned on This Page
Wendell Barker
Barker
Labette County
Commission
Carmen Peffly
Roger Keith
Marstall
Wendell
Eloise Andrews
Franklin County Board of Realtors
Allen
Anderson
Bourbon
Cherokee
Crawford
Linn
Miami
Montgomery
Neosho
Wilson
The
Farmers Home Administration
U.S. Treasury
Block
National Governor's Association
U.S. Department of Agriculture
Oto
Baye Kaup
Blum
Reagan Administration
Jeane Kirkpatrick
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