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 August 20, 1986

Assignment of Mortgages
ASSIGNMENT OF MORTGAGES Received 8-18-86 104165 - American Fed S&L Assoc to Mortgage Clearing Corp, L13 B164 Village 3 Addn.</P><P>104166 - Same to same, L4 B10 Winds West Addn.</P><P>104192 - Security Financial &...
Assignment of Mortgages
104101 - Conceppion Herrera et al, $1,120.63.104102 - Harold D Hines et al, $259.07.104103 - Harold D Hines, $121,532.46.104104 - H J B Electronics Inc, $9,854.39.104105 - John A Hodges et al, $4,214.57.104106 - Ronald G Hokett, $2,091.02.104107 - Carolyn...
Associated Dry Goods, Dayton Hudson Both Report Sales Dips
Two of the nation's biggest retailers, Associated Dry Goods Corp. and Dayton Hudson Corp., on Tuesday reported declining second-quarter net income, while May Department Stores Co., Allied StoresCorp., Federated Department Stores Inc., and Carter Hawley...
Baker Asks Japanese to Join in Cutting Key Interest Rates
TOKYO (AP) - U.S. Treasury Secretary James A. Baker III last month asked Japan to join in another round of coordinated cuts in key interest rates, a leading Japanese business newspaper reported Tuesday.Quoting unnamed Finance Ministry sources, the Nihon...
Big Banks Feel Pressure to Cut Credit Card Rates
NEW YORK - For years, big banks have been able to charge customers almost 20 percent interest on their credit cards even though the banks' own cost of money has declined dramatically.But now pressure is growing on Citibank, Chase, BankAmerica and other...
Business Execs Wary of Proposed Tax Legislation
WASHINGTON (AP) - Business executives examining newly proposed tax-overhaul legislation are coming away with conclusions ranging from doubt to dismay, but few deny it is bound to become law.</P><P>Mark Bloomfield of the American Council...
City Hospitals Committed to Drug Usage Detection, Treatment
President Reagan set the tone by offering up a sample in a bottle, thereby launching officially the latest federal drive to curb the misuse of drugs, whether legal or illegal. In this campaign, however, the emphasis clearly is on illegal substances.The...
Civil
(83048) NOTICE BY PUBLICATION No. CJ-86-7935 In the District Court of Oklahoma County, State of Oklahoma.Little Tree Development, Inc., et al., Plaintiffs, vs. The Texas & Oklahoma Railroad Company, a corp., et al., Defendants.THE STATE OF OKLAHOMA...
Civil
(83055) NOTICE BY PUBLICATION No. CJ-86-5454 In the District Court of Oklahoma County, State of Oklahoma.FAA Employees Credit Union, Plaintiff, vs Robert Lee Storie and Sandra May Storie, husband and wife, Defendants.STATE OF OKLAHOMA: To Robert...
Civil Division Docket
IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF OKLAHOMA UNITED STATES COURTHOUSE N.W. 4TH & HARVEY, OKLAHOMA CITY, OKLAHOMA IN CHAMBERS - ROOM 3102 PRETRIAL CONFERENCE DOCKET BEFOREJUDGE WAYNE E. ALLEY FRIDAY, SEPTEMBER 26, 1986 9:30...
Corporation Commission
(83037) NOTICE OF HEARING Cause CD No. 134,862 Before the Corporation Commission of the State of Oklahoma.Applicant: Donald C. Slawson. Relief Sought: Pooling. Legal Description: SE 1/4 NE 1/4 of Section 21, Township 12 North, Range 2 West, Oklahoma...
Corporation Commission
(83038) NOTICE OF HEARING Cause CD No. 135,180 Before the Corporation Commission of the State of Oklahoma.Applicant: Terra Resources, Inc. Relief Requested: Pooling. Legal Description: W 1/2 Section 3, Township 11 North, Range 1 West, Oklahoma County,...
Corporation Commission
(83040) NOTICE OF HEARING Cause CD No. 134,856 Before the Corporation Commission of the State of Oklahoma.Applicant: Donald C. Slawson. Relief Sought: Well Density.& Legal Description: Section 20, Township 8 North, Range 21& East, Haskell County,...
Corporation Commission
(83041) NOTICE OF HEARING Cause CD No. 134,857 Before the Corporation Commission of the State of Oklahoma.Applicant: Donald C. Slawson. Relief Sought: Well Location& Exception. Legal Description:& Section 20, Township 8 North, Range 21 East, Haskell...
Corporation Commission
(83036) FIRST AMENDED NOTICE OF HEARING Cause CD No. 133,947 Before the Corporation Commission of the State of Oklahoma.Applicant: C.C. Jobe. Relief& Sought: Order Vacating Order No. 252,698, which amended& original Order No. 208,749& which established...
Corporation Commission
(83039) NOTICE AND ORDER REFERRING AND SETTING CAUSE FOR HEARING Cause CD No. 135,455 Before the Oklahoma Corporation Commission of the State of Oklahoma.Applicant: Lincoln Petroleum Resources Corporation. Relief Requested: Pooling. In the matter of...
Corporation Commission
(83077) AMENDED NOTICE OF HEARING Cause CD No. 104,116 Before the Corporation Commission,& State of Oklahoma.Movants: Santa Fe Energy& Company & Santa Fe Energy Operating Partners, L.P. Relief Sought: Change of Operator& Under Pooling Order. Legal&...
Corporation Commission
(83076) AMENDED NOTICE OF HEARING Cause CD No. 130,917 Before the Corporation Commission,& State of Oklahoma.Movants: Santa Fe Energy& Company & Santa Fe Energy Operating Partners, L.P. Relief Sought: Change of Operator& Under Pooling Order. Legal&...
Council Defers Resolution about Cmi / at Gilbert's Request
At the request of Ward 6 Councilman Jerry Gilbert, a joint resolution between the City of Oklahoma City and the trustees of the Oklahoma City Environmental Assistance Trust concerning CMI Energy Conversion Systems Inc. was removed from Tuesday's...
Crude Oil Prices Down below $15 Level to $14.87
Crude oil futures fell below the $15 level Tuesday for the first time since Aug. 11.Crude oil settled 32 cents to 74 cents lower with the September contract at $14.87 a barrel, down from $15.61 Monday. It was the lowest closing price for the September...
Del Paint Projects 7% Rise in Net Sales to $4.4 Million / Result of Government Contract
Oren Childers had 300 painters operating on industrial jobs around the country back in 1963, when he became exasperated wit h the poor quality of available paint.</P><P>So he started making his own.</P><P>"We borrowed $3,000...
Dollar, Gold Both Suffer Declines
NEW YORK (AP) - The dollar fell against major foreign currencies in heavy trading Tuesday, as weak U.S. economic figures heightened already rampant speculation over impending interest rate cuts by the Federal Reserve Board.</P><P>Gold...
Economy Growth Has Weakest Advance since Last Recession / during Second Quarter
WASHINGTON (AP) - The economy, held back by a worsening trade performance, grew at a barely perceptible annual rate of 0.6 percent from April through June, the weakest advance since the last recession, the government reported Tuesday.</P><P>The...
Equal Footing Needed for Bidders under Interstate Banking Law / Says Comptroller
Federal regulators would be more inclined to use Oklahoma's new interstate banking law, if it put out-of-state buyers and in-state bidders on equal footing, according to Robert Clarke, the U.S. Comptroller of the Currency."It's good to have the state...
Evans Seeks to Blend Business, Academic Minds / Already Has 40 Files for New Ou Office to Cooperate for Economic Development
The struggle to overcome adversity often results in the emergence of new leaders, who bring to bear talents and skills they have been developing for years.</P><P>They draw us together in ways we have ignored, somehow inducing us to merge...
Farmers to Be Allowed to Use Insecticide against Corn Mites
Oklahoma Panhandle corn producers won't know until later this month how much damage to their crop has been caused by the Banks grass mite, a tiny insect that can infect a cornstalk by the tens of thousands.County agent Steve Craig in Guymon said Tuesday...
Firm Unveils Revolutionary X-Wing Research Helicopter
STRATFORD, Conn. - Under a banner proclaiming ""The Shape of Wings To Come,'' Sikorsky Aircraft on Tuesday unveiled its revolutionary XWing research helicopter designed to overcome speed limitations on conventional helicopters.</P><P>The...
First Data Shareholders Urged to Reject Offer
Shareholders of First Data Management Co. of Oklahoma City have been urged to reject an exchange offer commenced by First Financial Management Corp. of Atlanta, First Data Management said Tuesday.</P><P>The board of directors of First Data...
Florida Suit Claims Lotus Software Error Led to $254,000 Loss
BOSTON - A Florida construction company claims in a federal lawsuit that a defect in computer software manufactured by Lotus Deve lopment Corp. of Cambridge caused it to lose $254,000 by underbidding on a construction project.</P><P>But...
Fruehauf Directors to Review Pair of Offers for Takeover
DETROIT (AP) - A six-member committee of outside directors of Fruehauf Corp. will be reviewing two bids - each for more than $1 billion - for control of the truck-trailer maker, a company spokesmansaid Tuesday.One offer, by investor Asher B. Edelman,...
Investor Buys 9.8% of Local Federal Outstanding Shares / $2.3 Million
A total of 174,000 shares of common stock of Oklahoma City-based Local Federal Savings and Loan Association has been p urchased in three blocks since May 23, 1986, for about $2.3 million by Harold Vernon of Davie, Fla., it was reported Tuesday.</P><P>That...
Judge Affirms Nichols Hills Bank Management
A preliminary injunction restoring the former management team of Nichols Hills Bank of Oklahoma City was affirmed Tuesday b y the U.S. Tenth Circuit Court of Appeals in Denver.</P><P>The opinion clears the way for eight former shareholders...
Jury Forms for Trial of Penn Square Bank Suits
A former Penn Square Bank auditor and two women who had read books about the bank's 1982 collapse were among those ex cused Tuesday from potential duty in the five-phase trial of six civil lawsuits.</P><P>Jury selection will resume today...
Juvenile
(83074) NOTICE OF ADOPTION PROCEEDINGS Case No. PA-86-330 In the District Court of Oklahoma County, State of Oklahoma.In the matter of the adoption of Baby Girl Weems, a minor child.THE STATE OF OKLAHOMA TO: Dennis W. Pritchard, McAlester State Prison,...
Kwtv Tower Brings Uncommon Transmitting Technology to State
KWTV Channel 9 will install a replacement antenna at the peak of its 1,572-foot transmitting tower this month, bringing Oklahoma up to a level of transmitting technology uncommon to broadcast markets of this size, according to John McNally, chief...
Liberty Bank Intends to Buy `Golden Dome' / Unless Assessed Value Is `Real Show Stopper'
Liberty National Bank and Trust Co. intends to acquire the 30,000-square-foot "golden dome" at 23rd St. and Classen Blvd., owned by a wholly-owned subsidiary of the failed Citizens National Bank and Trust Co., according to Dale Schroeder, conversion...
Litton Sues Shearson, Levine for $30 Million
NEW YORK (AP) - In a move that could send tremors through much of the brokerage industry, Litton Industries Inc. filed a $30 million lawsuit late Tuesday against Shearson Lehman American Express andagainst admitted inside trader Dennis Levine.</P><P>Litton...
Lotus to Show Software Directly to Major Corporate Customers
The Lotus Development Corp., the largest maker of software for personal computers, said last week that it would sell software in volume directly to major corporate customers and that it would allow those customers to remove copy protection devices...
Miscellaneous
(83047) (Abstract for Publication) WOODLAWN PARK OKLAHOMA COUNTY, OKLAHOMA FINANCIAL STATEMENT AS OF JUNE 30, 1986, AND ESTIMATE OF NEEDS FOR ALL FUNDS FOR THE FISCAL YEAR ENDING JUNE 30,1987. ASSETS Cash Balance on Hand 6-30-86 $19,820.51 $ 0 TOTAL...
Miscellaneous
(83052) NOTICE TO BIDDERS Notice is hereby given that the City of Nichols Hills will receive sealed bids in the Office of the City Clerk, Town Hall, 6407 Avondale Drive, Nichols Hills, Oklahoma, until 10:00 a.m. on the 9th day of September, 1986,...
Mortgages
MORTGAGES Received 8-18-86 104004 - Clay Wilson Jr to Okla Dept of Mines, $3,850,685, pt NE4 Sec 30 T13N R2W IM.</P><P>104157 - Joe E Shannon et ux to Continental Fed S&L Assoc, $20,847, L11 B7 Southwood Hills Addn.</P><P>104158...
New Cases before the District Court
CIVIL JURY Received 8-18-86</P><P>CJ-86-7888 - Jonny D Scott a minor by & through his mother & next friend Joyce M Scott & Joyce M Scott individually vs Darrin Claxton Boyett & W P Coats & Gloria Coats; alleged negligence...
New Cases before the District Court
SPECIAL Received 8-18-86</P><P>CS-86-6675 - Dwain Cearley vs James E Kelm individually and James E Kelm dba Eagle Patrol and Guard Service Inc also known as Eagle Patrol and Guard Service; alleged breach of contract, $1687.10, etc; Bob...
New Cases before the District Court
DIVORCE Received 8-18-86</P><P>FD-86-6263 - Donna L Walker vs Jay Provo; pet to establish paternity; Hyla H Glover atty; assg Judge Freeman.</P><P>FD-86-6292 - Margaret Ann Lairet vs Julio Rafael Lairet; Lowell E Clifton atty;...
New Cases before the District Court
PROBATE Received 8-19-86 P-86-1424 - Est of Bertha Mae McFarland, decd; pet for letters of admin; Robert H Sherman (Del City) atty; assg Judge Smith.</P><P>P-86-1425 - Est of Wilburn (NMN) Elliott, decd; pet for letters of admin; Ken...
Og&e Offer to Allow Industries to Trade Natural Gas for Electricity
Industrial customers of Oklahoma Gas & Electric Co. could trade natural gas for electricity under a proposal the util ity presented Tuesday to the Oklahoma Corporation Commission.</P><P>Customers with a peak demand of at least 5,000...
Oklahoma among States with Gains in Population
WASHINGTON (AP) - Oklahoma, Florida, Texas and Georgia recorded the greatest population gains in the South between 1980 and 1984, according to new Census Bureau estimates of population and per capita income.</P><P>The bureau figures show...
Orders
ORDERS CIVIL Received 8-18-86 CJ-86-5702 - In re John K Spec Ins Trust et al; final disch of pers rep.</P><P>CJ-85-10302 - 1st Meridian Financial Corp vs Fitzpatrick; garn - to pay money into ct.</P><P>CJ-86-4112 - CIT Financial...
Pleadings & Filings
PLEADINGS & FILINGS CIVIL Received 8-18-86 CJ-83-815 - Walt Garner Assoc Inc vs Nick et al; applic.</P><P>CJ-83-1198 - Aycobe Co vs Berry Programs Inc et al; supplemental memo of law.</P><P>CJ-95-961 - Cudjoe vs Moore...
Pleadings & Filings
CJ-86-6798 - In Re Independent School District No1 et al; ans.CJ-85-10994 - Ybarra et al vs Bennett et al; pltfs obj to defts not.CJ-86-7620 - Brackney et al: pub affi.CJ-86-7621 - In Re Taylor II et al; same.CJ-86-7497 - In Re Whomble; same.CJ-86-7503...
Pleadings & Filings
PLEADINGS & FILINGS DIVORCE Received 8-18-86 FD-86-5012 - Redd; cert of serv of interrogs.</P><P>FD-86-5392 - Jolliff; ent of appear.</P><P>JFD-86-5365 - Anderson; pet.</P><P>FD-86-2587 - Christianson; ent...
Pleadings & Filings
PLEADINGS & FILINGS SPECIAL Received 8-18-86 CS-85-7726 - Yarberry et al vs Edgemon et al; garn ans.</P><P>CSC-81-2416 - Postal Fin Co Inc vs Alexander; garn affi.</P><P>CSC-79-5400 - Burghart vs United Founders Life...
Poultry, Cracker Plants Boost Leflore County
Ground breaking Tuesday for the $7.5 million OK Foods Poultry Processing Plant planned in Heavner was attended by Gov. George Nigh.</P><P>Nigh also participated in the testing of the first oven for the new Wurst Crackers plan in Poteau.</P><P>Those...
Probate
(83049) NOTICE OF SALE OF REAL PROPERTY No. P-86-1428 In the District Court of Oklahoma& County, State of Oklahoma.In the Matter of the Estate of Garrett Aaron Brewer, De ceased. Notice is hereby given that, in pursu ance of an Order of the District...
Probate
(83050) NOTICE BY PUBLICATION No. P-86-1427 In the District Court of Oklahoma County, State of Oklahoma.Jim G. Payne, Plaintiff, vs. Jack Delos Payne; the unknown heirs, executors, administrators, devisees, trustees and assigns of A.F. Payne, Deceased;...
Probate
(83063) ORDER FOR HEARING AND NOTICE OF HEARING ON PETITION TO SELL REAL PROPERTY Case No.: P-86-756 In the District Court of Oklahoma& County, State of Oklahoma.In the Matter of the Estate of Dorothy M. Walters, aka Doro thy Mae Walters, aka Dorothy...
Public Notices
(82956) (Published in The Journal Record August 20th, 1986.) ORDINANCE NO. 18,566 PUD-279 AN ORDINANCE AMENDING CHAPTER 59, SECTION 1400 OF THE OKLAHOMA CITY MUNICIPAL CODE, 1980, TO INCLUDE ADDITIONAL TERRITORY WITHIN THE "PUD" PLANNED UNIT DE VELOPMENT...
Public Notices
(82955) (Published in The Journal Record August 20th, 1986.) ORDINANCE NO. 18,564 AN ORDINANCE AMENDING CHAPTER 50, ARTICLE X, SEC TION 50-295 OF THE OKLAHOMA CITY MUNICIPAL CODE, 1980, PERTAINING TO DESIGNATING THE STREET NUMBER OF THE NORTH SIDE...
Public Notices
(82960) (Published By The Journal Record August 20th, 1986.) Case Number: ABC-46 Location: 10501-10633 South Western Avenue and 900-1034 S.W. 104th Street.NOTICE IS HEREBY GIVEN, that the City Council of Oklahoma City will hold a public hearing on a...
Public Notices
(82953) (Published in The Journal Record August 20th, 1986.) ORDINANCE NO. 18,562 AN ORDINANCE AMENDING THE GENERAL SCHEDULE OF FEES, AS ADOPTED BY ORDINANCE NO. 18,239, AUGUST 27, 1985, BY AMENDING CHAPTER 33, ARTICLE III, SECTION 33-11, AS PREVIOUSLY...
Release of Mortgages
RELEASE OF MORTGAGES Received 8-18-86 104002 - George Henry Hunt Jr et al to Gary S Mitchell, L39 B4 Holman 2 Addn.</P><P>104007 - Olan A Mitchell et al to First Mtg Co L19 & 20 Kanalys Northeast 23rd St Addn.</P><P>104148...
Stock Prices Decline despite `Buoyancy' in Bond Market
NEW YORK (AP) - Stock prices pulled back in subdued trading Tuesday despite a buoyant bond market.</P><P>If not for strength in the stock of International Business Machines and a handful of other blue chips, the market would have had a...
U.S. Population Increases despite Fertility Rate Drop
WASHINGTON (AP) - Americans added more than 1.6 million to the country's population last year despite the fact that people no longer are having children at a sufficient rate to replace themselves, new Census figures show.</P><P>The U.S....
Warranty Deeds
WARRANTY DEEDS Received 8-18-86 104001 - Mary Gertrude Kamann et ux to Mary Gertrude Kamann et ux $10, L31 & 32 University Addn. Retn 101 N Robinson OKC.</P><P>104003 - George Henry Hunt Jr et ux to Gary S Mitchell $10, L37 B5 Holman...
When Working Computer Acts Up, Check Cables / One of Most Volnerable Components
NEW YORK - Last week's column ended with the quandary that resulted when, preparatory to reviewing a new telecommunications package, I hooked together a computer and a modem and loaded the software only to find that, while everything was in working...
Zoning Bid for Biblical Park near Claremore Withdrawn
CLAREMORE (AP) - An attorney for promoters of a proposed biblical theme park between Claremore and Owasso has withdrawn a zoning application and has advised Rogers County authorities the park is a ""moot question,'' officials said Tuesday.A 30-acre parcel...