THE JOURNAL RECORD

Resource for Oklahoma that specializes in business, legislative, and legal-related information sources. It gives daily updates and opinion on real estate, energy, finance, capitol, and law.

Articles from December 28, 1985

1985s Downward Interest Rates Proved Many Forecasters Wrong
NEW YORK - The downward path interest rates followed in 1985 proved many forecasters wrong.</P><P>Despite dire warnings that the government's bloated budget deficit would keep rates aloft, they fell, with the return on a bellwether 30-year...
4 State Farm Credit Groups Reverse Consolidation Votes / Now 14 against It
Oklahoma voted Friday to reverse their consolidation votes, takin g advantage of the opportunity offered to them by mailgram one week ago from the president of the Farm Credit Banks of Wichita.</P><P>A federal land bank association in Pauls...
Assignment of Mortgages
ASSIGNMENT OF MORTGAGES Received 12-26-85 147859 - Pacesetter Corp to Federal Diversified Services Inc, Lt17 B14 Military Park Addn.</P><P>147860 - Same to Federal Diversifed Services, Lt3 B5 Crosby Heights 4th Addn.</P><P>147861...
Cease, Desist Orders Issued against Firms
The Oklahoma Department of Securities has issued a summary order to cease and desist violations of the Oklahoma Securities Act against Advantage Investments of Broken Arrow, Okla. and its president,David R. Maddox.</P><P>The department...
Civil
(70999) NOTICE BY PUBLICATION Case No. CJ-84-966 In the District Court of Canadian County, State of Oklahoma.Standard Federal Savings & Loan Association, Plaintiff, vs. Pattie Gail Evatt, a single person; United States of America ex rel. The Secretary...
Civil
(70998) NOTICE BY PUBLICATION Case No. CJ-85-10848 In the District Court of Oklahoma County, State of Oklahoma.Hawkeye Bancorporation Mortgage Company Plaintiff vs. John D. Garcia & Elizabeth Aranda Garcia, Husband & Wife, Defendants.THE STATE OF OKLAHOMA,...
Civil
(71040) NOTICE BY PUBLICATION No. CJ-85-7784 THE STATE OF OKLAHOMA TO:R.G. Ellis, dba R.G. Ellis Homes, if living, and if deceased, his unknown successors.The above stated Defendant will take notice that the Plaintiff, Continental Federal Savings and...
Congress, President Deserve a `D' on 1985 Report Card
As Congress prepared to adjourn for Christmas, I was frequently asked how I would rate its successes and failures during 1985. Unfortunately, at best, Congress and the president only deserve an overall grade of "D" on their report card this year.Frankly,...
Corporation Commission
(71010) NOTICE OF HEARING Cause CD No. 131,764 Before the Corporation Commission of the State of Oklahoma.Applicant: Ward Petroleum Corporation. Relief Sought: Well Location Exception. Legal Description: The Northwest Quarter of Section 20, Township...
Corporation Commission
(71011) NOTICE OF HEARING Cause CD No. 131,763 Before the Corporation Commission of the State of Oklahoma.Applicant: Ward Petroleum Corporation. Relief Sought: Increased Density. Legal Description: The Northwest Quarter of Section 20, Township 5 North,...
Corporation Commission
(71016) NOTICE OF HEARING Cause CD No. 132,029 Before the Corporation Commission of the State of Oklahoma.Applicant: Marathon Oil Company. Relief Sought: Location Exception. Legal Description: Section 36, Township 5 North, Range 16 East, Pittsburg...
Corporation Commission
(71017) NOTICE OF HEARING Cause CD No. 131,669 Before the Corporation Commission of Oklahoma.Applicant: Arco Oil and Gas Company, Division of Atlantic Richfield Company. Relief Sought: Amendment to Plan of Unitization Healdton Arbuckle Unit. Legal...
Corporation Commission
(71009) NOTICE OF HEARING Cause CD No. 131,757 Before the Corporation Commission of the State of Oklahoma.Applicant: Z.G. Exploration, Inc. Relief Sought: Increased Density. Legal Description: Section 6, Township 12 North, Range 11 West, Caddo County,...
Corporation Commission
(71013) NOTICE OF HEARING Cause CD No. 130,891 Before the Corporation Commission of the State of Oklahoma.Applicant: Strat Land Exploration Company. Relief Sought: Drilling and Spacing Units. Legal Description: Section 33, Township 1 North, Range 24...
Corporation Commission
(71018) NOTICE OF HEARING Cause PD No. 17,112 Before the Corporation Commission of Oklahoma.Applicant: Arco Oil and Gas Company, division of Atlantic Richfield Company. Relief Sought: To Obtain an Order Granting an Exception to Rule 3-305 (b) (1)...
Corporation Commission
(71015) NOTICE OF HEARING CD No. 132,028 Before the Corporation Commission of the State of Oklahoma.Applicant: Marathon Oil Company. Relief Sought: Location Exception. Legal Description: Section 1, Township 4 North, Range 16 East, Pittsburg County,...
Corporation Commission
(71021) AMENDED NOTICE OF HEARING Cause CD No. 131,297 Before the Corporation Commission of the State of Oklahoma.Applicant: Helmerich & Payne, Inc. Relief Sought: Spacing. Legal Description: Section 28, Township 10 North, Range 25 West of the IM, Beckham...
Corporation Commission
(71012) NOTICE OF HEARING Cause CD No. 131,758 Before the Corporation Commission of the State of Oklahoma.Applicant: Z.G. Exploration, Inc. Relief Sought: Well Location Exception. Legal Description: Section 6, Township 12 North, Range 11 West, Caddo...
Corporation Commission
(71026) AMENDED NOTICE OF HEARING Cause CD No. 131,382 Before the Corporation Commission of the State of Oklahoma.Applicant: Tenneco Oil Company. Relief Requested: Pooling. Legal Description: Section 32, Township 21 North, Range 15 West, Major County,...
Corporation Commission Court Docket
MONDAY DECEMBER 30, 1985 INITIAL HEARING DOCKET AT 9:00 A.M. PUBLIC UTILITY DOCKET IH CD 29441 - Arkansas Louisana Gas Company, pud, for an adjustment in its rates and charges for gas utility service in Oklahoma and a review of its cost gas adjustments.MOTION...
Divorces Granted
DIVORCE GRANTED Received 12-26-85 FD-85-8871 - Pattie S Murphy vs Floyd Gene Murphy.</P><P>FD-85-7697 - Pamela Kasal vs Eugene Louis Kasal Jr.</P><P>FD-85-8023 - Rae Dawn Bailey vs James Glenn Bailey Sr.</P><P>FD-85-8918...
Eastern Banking Procedures Threaten Spirit of Western Banking
Mark Singer, in his book, "Funny Money," which chronicles the fall of Penn Square Bank, recounts a telling anecdote about a lawyer for Chase Manhattan, in New York.The lawyer comes to Oklahoma after the Penn Square Bank collapse, attends a rock concert,...
Electrigo Cars to Be Constructed in Enid / by Agri-Seal Inc
Thanks to an agreement with an Enid manufacturer, Oklahoma City could see a new line of battery-powered cars as early as next spring, according to Tom Field, president of Oklahoma City-based Electrigo Corp.</P><P>Agri-Seal Inc. of Enid...
Heartland Still in Track Running; Gets Mortgage / Plans Still Viable
Heartland Racing Associates has maintained its position to apply for a race track pari-mutuel license in Oklahoma City, alth ough the group decided in October not to apply at that time, The Journal Record has learned.</P><P>Heartland Racing...
Ingram Plans Facility Upgrading / $10 Million Plan Could Boost Firm's Sales by 12 Percent
A planned $10 million infusion of capital for product improvement could boost sales at the Oklahoma City manufacturing plant of Ingram Petroleum Services Inc., according to Jerry Conway, director of marketing.</P><P>Much of that money...
Lack of Public Hearing Voids Zoning Ordinance, Court Rules
The Oklahoma Court of Appeals recently upheld a trial court decision that a comprehensive zoning ordinance is void if enacted without prior establishment of a zoning commission and withoutsatisfying public hearing requirements.</P><P>The...
Miscellaneous
(70997) AMENDED CERTIFICATE OF FICTITIOUS NAME Know all men by these presents that:WHEREAS, by Instrument recorded in Book 5096 Page 614 in the Office of the County Clerk, Oklahoma County, Oklahoma, B.J. Rutledge, A. Dale Smith and VSM Associates gave...
Mortgages
MORTGAGES Received 12-26-85 147867 - Robert L Martin et ux to Cordell Natl Bk, $27,500, SE4 Sec11 T13N R2W I.M.</P><P>147868 - Marvin Dewey Garrison et ux to Federal Employees Credit Union, $47,000, Lt23 b17 Highland View Addn.</P><P>147870...
New Cases before the District Court
CIVIL JURY Received 12-26-85</P><P>CJ-85-11449 - Peter Brodell vs William Odell Taylor, Larry Hogland, and First State Bank of Point Texas; alleged negligence per injry, $709,632.91, etc; John C Branch atty; assg Judge Owens. (attys...
New Cases before the District Court
SPECIAL Received 12-26-85 CS-85-8661 - Tinker Credit Union vs John L Schilino & Pamela J Schilino; alleged breach of contr, $8,197.40, etc; F Anthony Musgrave atty; assg Judge Williamson.</P><P>CS-85-8662 - General Motors Acceptance...
Orders
ORDERS CIVIL Received 12-26-85 CJ-85-6588 - Okla Pub Co vs C&C Invest; w-d as atty of rec for deft.</P><P>CJ-85-7215 - Postoak et al vs Parker et al; mot to dism of deft sustained etc.</P><P>CJ-84-5984 - Graves vs Snyder...
Others See Robust Market Activity in 1986
NEW YORK - The stock market will have a hard act to follow in 1986, but many forecasters contend there is still a lot of life in the big bull market on Wall Street.</P><P>The Dow Jones average of 30 industrials, which closed out 1984...
Pennzoil Case Proves Jamail Deserves Title `King of Torts' / `He's All-Universe Now'
HOUSTON - Attorney Joseph D. Jamail Jr., who engineered Pennzoil Co.'s landmark $10.53 billion judgment against Texaco Inc., has prove n before that he can turn the most complex corporate dispute into a winning personal, moral crusade.</P><P>Through...
Pleadings & Filings
PLEADINGS & FILINGS CIVIL Received 12-26-85 CJ-85-8310 - Un Bk & Tr Bartlesville vs Buck et al; app, ans.</P><P>CJ-85-1652 - Mackey Const Co Inc vs Roach et al; tr brief.</P><P>CJ-85-8465 - Davis vs St of Okla ex rel...
Pleadings & Filings
CJ-82-4520 - Yarborough et al vs Bob Stapp Real Est Inc et al; ent of appear.</P><P>CJ-85-9056 - McChesney et al vs Farber et al; ans (2).</P><P>CJ-85-10835 - Wade vs The Bd of Review for The Okla Employ Sec Comm et al; ans.</P><P>CJ-85-10916...
Pleadings & Filings
PLEADINGS & FILINGS DIVORCE Received 12-26-85 JFD-80-2953 - White; claim for exemption.</P><P>FD-85-8854 - Pearce; ent of app.</P><P>FD-85-7929 - Tedford; ent of app & waiver.</P><P>FD-85-8879 - Sirleaf;...
Pleadings & Filings
PLEADINGS & FILINGS SPECIAL Received 12-26-85 CS-85-6209 - Cred Collections Inc vs Nelson; disml with prej.</P><P>CS-85-4638 - Ok Gas & Elec Co vs Armbrister dba; disml with prej.</P><P>CS-85-6128 - ABC Supply Co...
Poor Financial Winds Eroded Rural Bonds, Says Report
NEW YORK - The ill financial winds battering the nation's Farm Belt in recent years are eroding the soundness of rural Midwestern muni cipal bonds, according to a recent report.</P><P>Bonds issued by school districts, counties and municipal ...
Probate
(71034) NOTICE TO CREDITORS AND NOTICE FOR HEARING FINAL ACCOUNT AND DETERMINATION OF HEIRSHIP AND FOR DISTRIBUTION AND DISCHARGE No. P-85-2001 State of Oklahoma, County of Oklahoma, ss. In the District Court within and for Oklahoma County, State of...
Probate Proceedings
PROBATE PROCEEDINGS Received 12-27-85 P-85-2372 - Est of Devore; letters issue to Lawrence M DeVore, not to credrs, ord for temp allow, pet.</P><P>P-85-1361 - Est of Hall; retn of sale.</P><P>P-84-1329 - Est of Daniel; rel...
Public Notices
(71053) (Published By The Journal Record December 28th, 1985) NOTICE OF HEARING Case No. 8016 NOTICE IS HEREBY GIVEN, that a public hearing will be held by the Board of Adjustment of the City of Oklahoma City on Thursday, January 16th, 1986 at 1:30...
Release of Mortgages
RELEASE OF MORTGAGES Received 12-24-85 147843 - Delbert L Gillum et ux to Darrell G Wiens et ux, Lt17 B18 Capitol Hill Addn.</P><P>147892 - Carlos P Berry et ux to McCarty Investments Inc, pt L22, 23, 24 B33 Youngs Englewood Addn.</P><P>147893...
Shebester: Program Key to Track / Says Debartolos Need 5 Years for Program to Attract Horses
If you ask Ralph W. Shebester, the DeBartolo family needs five years to get a horse racing program well established at the p roposed Remington Park track near the Oklahoma City Zoo, and Oklahoma needs the track.</P><P>"You don't just build...
Shebester Saga: Horseman Is Legend in Making with 40 Years of Oil Deals, Champions, Blue Ribbon Downs
The problem with trying to describe the 40-year saga of the ventures and adventures of Ralph W. Shebester is figuring out where to start.He probably is best known to the general public for developing Blue Ribbon Downs in Sallisaw as the first pari-mutuel...
Summons & Returns
SUMMONS & RETURNS SERVED CIVIL Filed 12-13-85 CJ-85-10678 - Reynolds vs HIS Energy Corp Inc et al; Jerry W Merritt 12-6-85.</P><P>Filed 12-16-85 CJ-85-10666 - Wallboard Supply Co vs T&L Homes Inc et al; James R Slater, Bryan...
Turpen Project Lands Him Mention in Esquire Magazine
When Attorney General Mike Turpen was district attorney of Muskogee County, he probably never dreamed that one of his pet projects would land him in Esquire magazine.The year was 1980. The project was Turpen's proposal for a Crime Victims' Compensation...
Warranty Deeds
WARRANTY DEEDS Received 12-24-85 147883 - Macon L Tucker to Macon L Tucker et ux, $10, Tract 132 Morning Hts Addn. Retn 6001 N Jericho, Spencer.</P><P>147888 - Gourmet Caterers to Joseph Wilbur, $10, pt SE4 Sec 2 T12N R3W. RS $1.50....
Warren, Hoover Friendship Crumbled with Kennedy Assassination Report, Records Show
DURHAM, N.C. - Government documents made public 22 years after the slaying of President Kennedy suggest that the Warren Commission's report on the assas sination put an end to a long-standing political alliance and personal friendship between Chief...
Westinghouse Broke Securities Laws in Connection with Pepco, Suit Claims
A lawsuit alleging violations by Westinghouse Credit Corp. of the state and federal securities acts in connection with Pepco I nc. of Norman was filed Friday in U.S. District Court.</P><P>In the lawsuit, Ralph G. Jett asked for $59,180...
While Economists Suggest Booming Market Damages Economy
NEW YORK - In dramatic contrast to the usual view, some economists lately have begun to suggest that a booming stock market might be ac ting as a drag on the economy.</P><P>A rise in stock prices like the rally of the past few months...