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 22, 1986

American Jet Charter Expects to Top $500,000 in First Year
American Jet Charter Co., a new entrant in the charter business, has entered the Oklahoma City market with three leased aircraft and is expecting to gross about $500,000 in its first yearof operation, according to Jim Hensley, a partner in the company.Hensley...
Armstrong Manufacturing Plant to Employ over 150 in Stillwater / Producing Flooring Materials
STILLWATER (AP) - A multi-million dollar manufacturing facility employing as many as 150 people will be opened in Stillwater to produce sheet flooring materials, Stillwater Chamber of Commerce officials said Thursday.</P><P>The transaction...
Assignment of Mortgages
105677 - Juan Francis Flores et ux to same, same, same, .1952 acres, L22 B2 Morris Lawn 2 Addn.105714 - Daniel D Petty to T E Harris, $10, 3 yrs, 160 acres, SW4 Sec 28 T12N R2W.105889 - Claire Keil to Philip M Lowry $10, 3 yrs, 8.0726 acres, B1 B McCann,...
Assignment of Mortgages
ASSIGNMENT OF MORTGAGES Received 8-20-86 105211 - Jackie D Listen et ux to United B&T Co Norman, L17 Ponderosa Addn.</P><P>105250 - Richard Gill Co to BancPlus Mtg Co, L5 B2 Moores Putnam City West Addn.</P><P>105320...
Australian Raider Has Eyes on Purchasing Usx Corp
PITTSBURGH (AP) - Robert Holmes a Court, a rich Australian who failed in five bids to buy his country's biggest company, may have turned his sights toward USX Corp., the U.S. petroleum and steel giant with a relatively inexpensive stock.</P><P>""I...
Bancoklahoma Plan Could Be Model for Bank Assistance
The recent Federal Deposit Insurance Corp. open assistance program involving BancOklahoma Corp. "could well be a model" for future open assistance transactions that include multi-bank holding companies, according to William Isaac, who was a consultant...
Civil
(83159) NOTICE BY PUBLICATION Case No. CJ-86-8051 In the District Court of Oklahoma County, State of Oklahoma.Exchange National Bank of Del City, a nationally chartered banking corporation, Plaintiff, vs. James A. Wells d/b/a A & W Motor Company;...
Construction to Begin Sept. 8 on $430,000 Roadrunner RV Park
Construction is expected to begin Sept. 8 on the $430,000 Roadrunner RV Park at 4800 S. Int. Hwy. 35, a development of Henderson National Corp.</P><P>According to C.A. Henderson, chairman of Henderson National Corp., the project will be...
Corporation Commission
(83142) NOTICE OF HEARING Cause CD No.: 132,129 Before the Corporation Commission of the State of Oklahoma.Applicant: Dernick Resources, Inc. Relief Sought: Pooling. Legal Description: SW 1/4 of Section 28, Township 10 North, Range 5 West, Grady County,...
Corporation Commission
(83143) NOTICE OF HEARING Cause CD No.: 132,138 Before the Corporation Commission of the State of Oklahoma.Applicant: Dernick Resources, Inc. Relief Sought: Pooling. Legal Description: SW 1/4 of Section 33, Township 10 North, Range 5 West, Grady County,...
Corporation Commission
(83144) NOTICE OF HEARING Cause CD No. 135,135 Before the Corporation Commission of the State of Oklahoma.Applicant: Western Natural Resources, Inc. Relief Sought: Drilling and Spacing Units. Legal Description: The Northeast Quarter of Section 31, Town...
Corporation Commission
(83147) NOTICE OF HEARING Cause CD No. 135,138 Before the Corporation Commission of the State of Oklahoma.Applicant: Ward Petroleum Corporation. Relief Sought: Pooling. Legal Description: Section 20, Township 12 North, Range 13 West, Caddo County,...
Corporation Commission
(83146) NOTICE OF HEARING Cause CD No. 135,137 Before the Corporation Commission of the State of Oklahoma.Applicant: Ward Petroleum Corporation. Relief Sought: Well Location Exception. Legal Description: The West Half of the Northeast Quarter...
Corporation Commission
(83141) NOTICE OF HEARING Cause CD No. 132,128 Before the Corporation Commission of the State of Oklahoma.Applicant: Dernick Resources, Inc. Relief Sought: Pooling. Legal Description: SE 1/4 of Section 32, Township 10 North, Range 5 West, Grady...
Corporation Commission
(83167) AMENDED NOTICE OF HEARING Cause CD No. 135,119 Before the Corporation Commission,& State of Oklahoma.Applicant: Reading & Bates Pe troleum Company. Relief& Sought: Increased Well Density and N.G.P.A. Explicit Finding. Legal Description:...
Corporation Commission
(83145) NOTICE OF HEARING Cause CD No. 135,136 Before the Corporation Commission of the State of Oklahoma.Applicant: Western Natural Re sources, Inc. Relief Sought:& Pooling. Legal Description: The Northeast Quarter of Section& 31, Township 17 North,...
Corporation Commission
(83166) AMENDED NOTICE OF HEARING Cause No. 134,900 Before the Corporation Commission,& State of Oklahoma.Applicant: Reading & Bates Pe troleum Company. Relief& Sought: Increased Well Density and N.G.P.A. Explicit Finding. Legal Description: Section...
Corporation Commission
(83168) NOTICE OF HEARING CD No. 123,457 Before the Corporation Commission of the State of Oklahoma.Applicant: Leroy D. Kolar. Re lief Requested: Deletion and& Spacing. In the Matter of the Application of Leroy D. Kolar for an order amending Order...
Corporation Commission
(83140) NOTICE OF HEARING Cause CD No. 132,127 Before the Corporation Commission of the State of Oklahoma.Applicant: Dernick Resources, Inc. Relief Sought: Pooling. Legal Description: NE 1/4 of Section 32, Township 10 North, Range 5 West, Grady...
Cowboy Hall Control Returned to Board / Andrews Discharged
Control of the National Cowboy Hall of Fame and Western Heritage Center was turned over to the newly-elected board of direct ors and taken out of the courts Thursday by order of Oklahoma District Judge John Amick.</P><P>Court-appointed...
Criminal Motion Docket
CRIMINAL MOTION DOCKET JUDGE GULLETT FRIDAY AUGUST 22, 1986 11:00 A.M. CRF-86-3006 - No style indicated Mot to remand for prelim hearing.</P><P>CRF-86-2036 - No style indicated (Eugenia Bauman) Appl to withdraw as atty.</P><P>CRF-86-2345...
Entrepreneurs Vow to Fight Legislation Liberalizing Leave
WASHINGTON (AP) - Entrepreneurs attending a White House conference vowed Thursday to fight legislation seeking extended time off for new parents and sick people, saying it would put manysmall businesses out of business.</P><P>""We couldn't...
FAA Gives State $80,000 Grant for Heliport Study / near North Canadian River
The Federal Aviation Administration has awarded the Oklahoma City Department of Airports an $80,640 airport improv ement grant to conduct an environmental accessment study for a proposed heliport on S. Shartel Ave. near the North Canadian River,...
Family Relations Division Docket
TRIAL DOCKET</P><P>MONDAY AUGUST 25, 1986 JUDGE DIXON 9:00 A.M. FD-85-4987 - Carr (Fagg) (Latimer)</P><P>FD-86-2174 - Smallwood (Cooper) (Robinson)</P><P>FD-85-8732 - Luckey (Cox) (Hill)</P><P>JFD-82-5236...
Governors' Association Task Force Urging Major Changes / in State Insurance Laws
PROVIDENCE, R.I. (AP) - A federal product liability standard and major changes in state insurance laws are needed to quash a growing threat to the economy and vital services, a report to the National Governors' Association released Thursday asserts.</P><P>The...
Grace: World's Largest Rig Fleet / Grace Drilling to Claim Title with Purchase of Panhandle Eastern Unit
Grace Drilling Co. of Oklahoma City will form the largest drilling fleet in the world, surpassing Tulsa-based Parker Drill ing Co., with acquisition of Dixilyn-Field Drilling Co., a subsidiary of Panhandle Eastern Corp. of Houston.</P><P>Negotiations...
Gramm-Rudman Cuts Could Stifle Economy Even More
WASHINGTON (AP) - Some economists say the Gramm-Rudman spending cuts could make a bad situation worse for the sputtering economy.</P><P>There is a safety valve in the deficit reduction law that allows Congress to avoid painful spending...
`Hot Money' Concerned Comptroller 2 Years before Penn Bank Closing / Testifies Stephen Plunk
Penn Square Bank's overdependence on jumbo certificates of deposit - or "hot money," as it's known in the trade - caused gr eat concern to the U.S. Comptroller of the Currency two years before the bank failed, according to testimony Thursday in U.S....
J.D. Scott Elected Oneok President, Chief Executive / Tyree to Retire
TULSA - J.D. Scott, 54, has been elected president and chief executive officer of ONEOK Inc. by the board of directors.Scott will be replacing J.E. Tyree, 64, who will retire effective Sept. 1, it was announced Thursday by C.C. Ingram, board chairman.Scott...
Judgments Granted
JUDGMENTS GRANTED CIVIL Received 8-20-86 CJ-86-6916 - Republic Bk vs Everett: $9,790.56 etc.</P><P>CJ-86-1983 - Southeast Plaza Shopping Center Partnership vs Werner Pool Const Inc; $37,877.62.</P><P>CJ-86-504 - Bk of Okla...
Juvenile
(83183) NOTICE OF HEARING No. PA 86-331 In the District Court of Oklahoma County, State of Oklahoma.In the Matter of the Adoption of Charlay Deanna Ott, A Minor Child.NOTICE IS HEREBY GIVEN TO: Gary Louis OttYou are hereby notified that on the 19th...
Kelly-Johnston Sells Assets under Reorganization Plan
Kelly-Johnston Enterprises Inc. has sold its assets to a newly formed company Aschling Inc., pursuant to a confirmed Chapter 1 1 plan of reorganization that became effective Aug. 18.</P><P>Aschling is managed by the same team that operated...
Macy Corporate Parent Close to Selling 8 Shopping Centers
NEW YORK (AP) - The corporate parent of the former R.H. Macy & Co. is close to selling up to eight shopping centers for more than $500 million, according to reports published Wednesday.</P><P>The Wall Street Journal said that Macy Merger...
Major Weekly Land Purchases
Below are the major Oklahoma County Land Transactions filed with the Oklahoma County, County Clerk, this past weekTransactions Over $200,000 R Glenn Teague and Jean E Teague have purchased property at 154 Deer Creek Rd from Blue Chip Prop Inc formerly...
Marriage License Returned
MARRIAGE LICENSE RETURNS Received 8-20-86 Jeffrey Loyd Fleener, 23 & Deborah Ann Davenport, 21, married 7-18-86, 117 S George St, Mt Prospect IL.</P><P>Michael Dale Banning, 32 & Laura Jolene Moody, 29, married 8-15-86, 3025 SW...
Miscellaneous
(83153) (Independent Districts Only) PUBLISHING SHEET- BOARD OF EDUCATION Financial Statement of the various funds for the fiscal year ending June 30, 1986, and estimate of needs for fiscal year ending June 30, 1987, of Board of Education of Oklahoma...
Mortgages
105899 - Rick A Smith to Citizens Mtg Corp $47,000, Bldg 38 Unit C Quail Springs Conds II.</P><P>105916 - Randall Lee Vandervort to Lib Mtg Co $75,566, L29 B5 Twin Oaks 1st Addn.</P><P>105917 - Eugene M Cotton et ux to The First...
Mortgages
MORTGAGES Received 8-20-86 105210 - Ricky Lee Walls to Jackie D Listen et ux, $18,000, L17 Ponderosa Addn.</P><P>105226 - bernard Rhea Burns et ux to Paul Howard et ux, $14,500, L18 Horseshoe Est Addn.</P><P>105227 - Craig...
Motion Docket
JUDGE GULLETT FRIDAY AUGUST 22, 1986 10:00 A.M. CJ-85-2715 - Curtis Jump (Roger H Foster) vs Larry Herring (NAI) Notice of hearing.</P><P>CJ-86-2485 - Sooner Fed S & L Assoc (James C Shaw) vs S Richard Farber et al (NAI) Mot for summ...
Motion Docket
JUDGE SAIED, FRIDAY, AUGUST 22, 1986 10:00 A.M.</P><P>CJ-86-1274 - American Mtg & Investment Co (Fred L Turner) vs Chester B Emitt et al (NAI) Mot for default judg.</P><P>CJ-85-6564 - Louis Murphy et al (David O Neal) vs...
Motions
MOTIONS SPECIAL Received 8-20-86 CS-85-6758 - Ford Mtr Cred Co vs Jones; sum judg.</P><P>CSC-85-4232 - Del Paint Mfg Corp vs Eaton; ent.</P><P>CS-86-765 - Hahn Truck Line Inc vs Exp Transport Inc; sum judg.</P><P>CSC-85-5844...
New Cases before the District Court
CIVIL JURY Received 8-20-86</P><P>CJ-86-7609 - John G Brant & Earle D Bellamy II vs R Richard Edde & Saundra L Edde; not, etc; NAI; assg Judge Myers.</P><P>CJ-86-7718 - Bankers Mortgage Corporation a corp vs Richard...
New Cases before the District Court
SPECIAL Received 8-20-86</P><P>CS-86-6736 - Mrs Houshang Seradge vs Gene Johnson dba Gene's Tree Service; transf (trans ord, ans, affi (2), ord (2)); NAI; assg Judge Owens.</P><P>CS-86-6737 - Donald L Easter Inc an Oklahoma...
New Locations
NEW LOCATIONS Filed 8-20-86 CANADIAN COUNTY Sun Exploration and Production Company D.C. Cooksey 2, 33-12N-9W, 200d W 1/4 C NW 1/4, 1320 fsl, 1120 fwl of NW 1/4, Morrow-Springer 11700, TD 11,400, El. 1460, Date Oper. to Begin: Upon Approval, Surf. Casing...
No Major Banks Trim Prime in Wake of Fed Board Move
NEW YORK (AP) - Although the nation's major banks are expected to cut their prime lending rates eventually to match the Federal Reserve Board's discount rate cut, none of them did so Thursday.</P><P>The Fed on Wednesday cut the discount...
Orders
CIVIL Received 8-20-86 CJ-85-8901 - Bissette vs Bd of Education of MWC-Del City Schools et al; ck or draft in pymt of judg shall not be w-d w-o ord of ct, etc.</P><P>CJ-86-2639 - Frontier Fed S&L Assoc vs Thompson et al; confirming ...
Orders
CS-85-6793 - Montgomery Ward & Co Inc vs Rines; same.CS-86-1525 - Cred Collections vs Fischer et al;same.CS-85-2628 - same vs Schwartz et al; same.CS-85-3903 - same vs Gathery et al; same.CS-86-2927 - same vs Passaselli; same.CS-86-3061 - Cred Collections...
Pleadings & Filings
PLEADINGS & FILINGS CIVIL Received 8-20-86 CJ-86-2196 - Lowder vs SLS Develop Corp etal; ans of defts.</P><P>CJ-85-6564 - Murphy vs McCalmon; garn affi (2).</P><P>CJ-86-7090 - American Mtg & Invest Co vs Hammons et...
Pleadings & Filings
CJ-86-5595 - Henley vs Berglan et al; ans.CJ-86-5509 - Todd et al vs White et al; cert of serv.CJ-86-5492 - Haskew et al vs heirs etc of Haskew; affi (2).CJ-85-9851 - American Home S&L Assoc vs Carroll; first amend pet.CJ-86-4229 - 1st Natl B&T Co of...
Pleadings & Filings
CJ-86-1816 - First Okla Trust Co vs Owhadian et al; praecipe.CJ-86-4347 - Frontier Fed S & L Assoc vs Stevenson et al; entry of appear.Cj-86-6698 - Frontier Fed S & L Assoc vs Boykin et al; affi.CJ-86-5851 - Abbassi vs Stamper et al; ans.CJ-86-2724 -...
Pleadings & Filings
PLEADINGS & FILINGS DIVORCE Received 8-20-86 JFD-82-1195 - Tucker; not of delinquency, applic.</P><P>JFD-80-1060 - O'Neal; applic.</P><P>JFD-78-1587 - Marshall; defts acceptance of certain stips offered by pltf.</P><P>FD-86-4467...
Pleadings & Filings
PLEADINGS & FILINGS SPECIAL Received 8-20-86 CS-86-4290 - SE Door & Plywood Inc vs Allen; interrog.</P><P>CS-86-4313 - Trans Am Fin Servs Inc vs Hawkins et al; garn ans.</P><P>CS-85-365 - Presb Hosp Inc vs Patton...
Preliminary Turnpike Report Presented
A preliminary report showing the proposed route of a turnpike linking Int. Hwy. 35 and Int. Hwy. 40, was presented Thursday to Oklahoma Turnpike Authority members.</P><P>The report is subject to change before the final recommendation...
Probate
(83161) NOTICE TO CREDITORS AND NOTICE OF HEARING ON SUMMARY ADMINISTRATION, FINAL ACCOUNTING, DETERMINATION OF HEIRSHIP, DISTRIBUTION, AND DISCHARGE No. P-86-1035 In the District Court of Oklahoma County, State of Oklahoma.In the Matter of the Estate...
Probate
(83179) NOTICE OF HEARING PETITION FOR PROBATE OF WILL No. P-86-1457 In the District Court of Oklahoma County, State of Oklahoma.In the Matter of the Estate of Wilson Lee Duncan aka Wilson L. Duncan, Deceased.Notice is hereby given to all heirs,...
Probate
(83175) ORDER AND NOTICE OF HEARING OF PETITION TO SELL REAL ESTATE P-86-388 In the District Court of Oklahoma County, State of Oklahoma.In the Matter of the Estate of Gloria Akerman Trice, Deceased.NOW on this 21st day of August, 1986, the Court...
Probate Proceedings
PROBATE PROCEEDINGS Received 8-21-86 P-86-1434 - Est of Vandivert; affi.</P><P>P-86-1445 - Est of Baulch; ord & not for hrng on 9-4-86 at 9 am, cert of death, will.</P><P>P-86-1446 - In re Greer; not of hrng on 9-3-86...
Public Notices
(83174) ORDINANCE NO. 228 AN ORDINANCE OF THE CITY OF NICOMA PARK, OKLAHOMA,& AMENDING ORDINANCE NO. 195 OF THE NICOMA PARK CITY CODE AT SECTION 2-16 TO ESTABLISH WARD BOUNDARIES; DECLARING REPEALER; PROVIDING FOR SEV ERABILITY AND DECLARING...
Racing Panel Denies Request to Return Track Letter of Credit
The Oklahoma Horse Racing Commission Thursday denied a request by Oklahoma Racing Associates to return its $4 million letter of credit which was submitted to the State of Oklahoma in March when it accepted the license to build the $83 million Remington...
Ratex Records Net Loss in 3rd Quarter
A net loss of $426,184, or 19 cents per share, was reported Thursday for the third fiscal quarter ended June 30 by RATEX Resources Inc. of Oklahoma City, formerly Deep Gas Exploration Inc.The loss compares with a net income of $104,694, or 5 cents per...
Release of Mortgages
RELEASE OF MORTGAGES Received 8-20-86 105215 - Walter Lopp et ux to Jackie Listen et ux, L23 Sleepy Meadows Est Addn.</P><P>105218 - Paul Howard et ux to Ronald T Silva et ux, L22 Big Valley North Addn.</P><P>105220 - Paul...
Release of Mortgages
105921 - Home Fed S&L Assoc of Okc to Steven W Minton L1 B1 Odom Hgts Addn.105922 - Same to same, same.105942 - FirsTier Mtg Co to Meledath Damodaran et ux L36 B3 Whispering Hgts Addn.105943 - City Federal Svgs Bk to Frankie L Nichols et ux, L11 B1 Oaktree...
State Commerce Department's Report Shows 2,385 New Jobs / $168 Million in Investment
More than $168 million in investment and 2,385 new jobs are adding diversity in 1986 to the Oklahoma economy, according to a report by the newly-formed Oklahoma Department of Commerce.</P><P>The period reports on new investment and industry...
State Strengths Include Its Workforce, Location / Says Consultant
Oklahoma's two primary economic development strengths are a "tremendous workforce" and its "superb location," Belden Hull Daniels said Thursday.</P><P> The Joint Committee on Fiscal Operations of the state Legislature contracted with Daniels'...
Steep Decline in Gasoline Costs Holds Consumer Prices Steady
WASHINGTON (AP) - Another steep decline in gasoline costs held consumer prices steady in July as Americans enjoyed the best news on retail prices in 37 years, the government reported Thursday.</P><P>But the Labor Department said there were...
Stock Market Changes Little in Response to Credit Ease
NEW YORK (AP) - The stock market showed little change Thursday in a subdued response to the Federal Reserve's latest move to ease credit.</P><P>The Dow Jones average of 30 industrials, up 18.42 on Wednesday, slipped back .14 to 1,881.19.</P><P>Volume...
Tax Revision Confuses Simplicity of Design with Simplicity of Use
EDITOR'S NOTE: Leonard Silk is on vacation. Guest columnist David Colander, a professor of economics at Middlebury College, is author of ""Macroeconomics,'' published by Scott, Foresman & Company. Driving a car with an automatic transmission is simpler...
Traders Await Reductions in Interest; Dollar Declines
NEW YORK (AP) - The dollar fell against major foreign currencies except the Japanese yen and British pound in thin trading Thursday, as traders awaited further interest rate reductions in the wake of the Federal Reserve Board's discount rate cut on...
Uninsured Crossroads State Bank Depositors May Obtain Dividends
Uninsured depositors of The Crossroads State Bank may receive 32 percent of uninsured deposits - the first dividends since t he bank failed July 11, 1985 - by Oct. 1, according to Paul Heafy, spokesman for the Federal Depositors Insurance Corp.</P><P>A...
Warranty Deeds
WARRANTY DEEDS Received 8-20-86 105206 - Veterans Admin to Rodney William Menzies, $10, L13 & 14 B21 Draper Pk Addn. Retn illegible.</P><P>105209 - Jackie D Listen et ux to Ricky Lee Walls, $10, L17 Ponderosa Addn. RS $30.00. Retn...
West Texas Crude Closes Down at $15.46
West Texas Intermediate crude oil for October delivery closed at $15.46 a barrel Thursday on the New York Mercantile Exchange, down from $15.56 Wednesday.Heating oil was .30 cent to .50 cent higher with September at 43.16 cents a gallon. Leaded gasoline...
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