Towner Petroleum debt swap aims to avert defaults
An amended plan with lending banks swaps $300 million of debt for preferred stock convertible into five million common shares and 2.5 million five year warrants, with $120 million outstanding. It extends loan maturity to 1991, lowers annual payments, and requires at least $12 million new capital by September 30 while restructuring an $8.4 million vendor obligation.
MENTIONED IN THIS ARTICLE
Houston
Towner Petroleum Co
Towner
Lorain
Unemployed group to meet Tuesday in Elyria
Elyria Unemployed Workers United will meet Tuesday at 7 30 p m at St Andrew s Church 300 Third St Guest speaker will be Arthur B Emde formerly with Second Careers now at Elyria Memorial Hospital For more information call 323 7573.
MENTIONED IN THIS ARTICLE
Elyria
Unemployed Workers United
St. Andrew’s Church
Third St
Arthur B. Emde
Second
Elyria Memorial Hospital
Eddie's Cigar Store to join Ohio Lottery by June 12
Eddie's Cigar Store at 306 Broad St in Elyria is expected to be in full Ohio Lottery operation by June 12, with the Auto License Bureau at 229 Broad St to follow on the same ticket sales basis. Marketing director David Gale from Columbus notes the lottery has cut AT&T line installation from 13 weeks to three to expedite service. Orders are dispatched from a central out-of- service.
MENTIONED IN THIS ARTICLE
Elyria
Eddie
Broad St
David Gale
Columbus
Gale
At&t
Cleveland man to head Better Business Bureau
David H. Weiss a 31 year old Cleveland native and attorney becomes president of the Better Business Bureau serving Lorain Cuyahoga Ashtabula Geauga and Lake counties. He succeeds retiree Robert Ramsey and aims to educate the public about BBB consumer protections and trusted merchants. Eddie's newsstand shop reopened under new owner Jeannie Sokol after a 20 month closure with hours 6 am to 8 pm seven days. On June 12 The Number and the Million Dollar Lotto games will be available at Ohio Lottery outlets.
MENTIONED IN THIS ARTICLE
Cleveland
David H. Weiss
Better Business Bureau
BBB
Lorain
Cuyahoga
Ashtabula
Geauga
Lake Counties
Weiss
Robert Ramsey
Eddie’s
Jeannie Sokol
Ohio
VFW delegates to meet in Elyria
Elyria based Norm Eckhart is set to succeed Commander Frank Magers as head of Ohio VFW District 9. Delegates representing over 10 000 members meet at Post 1079 on June 3 starting 10 am to discuss national security and Veterans entitlements. District 9 spans 30 posts in Ottawa, Sandusky, Erie, Seneca, Huron and Lorain counties. Ladies' Auxiliary will organize the luncheon.
MENTIONED IN THIS ARTICLE
Elyria
Norm Eckhart
Frank Magers
Ohio
S V.F.W
V.F.W
District 9
Ottawa
Sandusky
Erie
Seneca
Huron
Lorain Counties
The
Post
Ladies’ Auxiliary
Elyria City Schools Adjust 1983 Financials On State Advice
Four changes to Elyria City Schools 1983 financial statement followed state examiner recommendations. The student activities fund will be added. Fifteen thousand dollars shifted from general to bond retirement fund. Trust and endowment funds to be separated. A transfer from auxiliary service fund reclassified as an expenditure.
MENTIONED IN THIS ARTICLE
Elyria
Elyria City
Edwin Haywood
Auxiliary Service Fund
State Examiner
Hospital set for sheriff sale over $73,695 debt
New London Hospital could be foreclosed and sold at a sheriff's auction unless a $73,695 debt is paid. Huron County Common Pleas Judge Robert W. Smith issued the order in New London.
MENTIONED IN THIS ARTICLE
New London Hospital
Helen Paynect
NEW London
New Lon
Don Hospital
Huron County Common Pleas
Robert W. Smith
New London Medical Services Group Inc
Medical Group
MEZ Corporation
Valley City
Temple In Man
New London Medical Services Group
Leonard Faymore
Cocaine-sale suspects had high school visitors
MEG agents and Erie County deputies arrested Thomas Sgro 19 and John Baxter 20 at 4809 West Lake Road Mitawanga on aggravated trafficking charges after undercover buys led to warrants. A search found roughly $5,000 street value cocaine, an illegal sawed off shotgun, and drug paraphernalia. several Vermilion High School senior visitors were present during the raid.
MENTIONED IN THIS ARTICLE
Vermilion
Lorain County Metropolitan Enforcement Group
MEG
Erie County Sheriff's Deputies
West Lake Road
Mitawanga
Thomas Sgro
John Baxter
Lake Road
Erie County
Elyria
Lorain
Young
Sgro
Ashland College
Vermilion High School
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Unger
Jim Unger
Boilermakers Local 358
Charles Conner
Willie Arbergast
Frank Gaughan
Virgil Lake
Warren Crisp
Glen Miller
Tom Green
Larry Christman
Jose Archdale
OSU
Ohio State University
St. John Arena
Steven L. Barnicki
M.S
Renee M. Elbert
B.S. Bus
Scott M. Payne
A.A.S
Jane E. Vanwormer
B.S. Nutrition
Scott A. Wieser
Terri
Court OF Common Pleas Probate Division
Damon Dimitrius Lariche
John Doe
Damon Dimitris LaRiche
Laura Kay LaRiche
Court of Common Pleas
Probate Division
Middle Avenue
Martin Kirsh
C.T
Lorain County Community College
North Abbe Road
Joanne R. Martin
Lorain County Communty College
Lorain Count Community College
Lynn
Donald R. Arnold
C-T
VFW
Lorain County
Camp Timberlane
Debbie Dunmyre
Avon
John Kenney
Haywood
Jim Young
Michael Keys
Keys
Ohio Economic Development Administration
Airport Authority
Huron County Bank
Proceeds Corp
Josephine Olson
Elyria Municipal Court
Ames P. Horn
Norman VanWinkle Sr
Flint
Mich
Weding
Shelve Crawford
Murray Ridge
Gregory McLean
I River Road
Robert Butler
Island Road
Grafton
David Stevens Jr
Red Springs
Gary Hopp
Parma
Roland Jones
Sherburne
Mark List
East Ave
Darlene Stewart
David
Andrew Dany
Quarry Road
Amherst
Charmaine Liebel
Fieldstone
North Ridgeville
Gerald Roenik
Michigan
Tooosely
Robert Hutman
Haven Drive
Chrystal Smith
Foster Road
Wellington
Dallas James Jr
Cowley Road
Columbia
Brooklyn
N.Y
Starvey Goldsraith
Massillon
Michael McCloskey
Longford St
David McDonough
Coronado Court
James P. Horn
Raymond Waters
Walsh St . Lorain
Timothy Barth
Hilliard Road
Mading
Donald Minney
Butternut Ridge
Robert Hungerford
Longson
Charles Deems
Greenview
Colum \ Station
Gale Risel
Temperance
Jay Levenson
Farmingham
Maine
Douglas Murray
Richfield
Leroy Morrison
New Rochelle
Michael May
Canton
Dale Quinn
New Hampshire
Maude Verteou
Plymouth Drive
Garmares
Grafton Road
John Lippay
Columbia Staton
David Freihent
Westmont
Carl Hess
Caledania
Cynthia Bassett
Bedford Heights
Denis Reaser
34Th St
Barry Rush
Parker
Cole
Steven Studnatl
W Liver
Charles Basham
Walnut
Douglas Jarvis
Melody Lane
Stephen R. Nagy
John Capers
Mth
St. Lorain
Dui
Mike Moore
Emerald Drive
Due
Vernon Shallenberger
National Derive
Tnion
Thomas
West Ave
Elyma
Rihard Ja
Naples Drive
Elycia
Jill Martin
Beavercreek Road
Phlomath
Mark Potter
Riverside Court
Paul Trent
Wesley Ave
Dull
Conn
Mars
Buckeye St
South Amherst
Ian Russell Smyth
Mendall Court
Gregory Flowers
Oberlin Road
Apt 10
Jas
Hassan Abouethanna
Elizabeth St. Elyria