Newspaper article THE JOURNAL RECORD

Briefly.In Oklahoma

Newspaper article THE JOURNAL RECORD

Briefly.In Oklahoma

Article excerpt

Cushing's Petroleum Resources Sold CUSHING - The National Cooperative Refinery Association of McPherson, Kan., has purchased Petroleum Resources Co. of Cushing from Land O' Lakes, a butter producer based in Arden Hills, Minn., it was reported Friday.

Land O' Lakes is a diversified, regional farmers' cooperative that ran Petroleum Resources as a unit. The purchase price paid by National Cooperative was not disclosed.

Petroleum Resources will be a wholly owned subsidiary of National Cooperative, which is owned by five reginal cooperatives. No staffing changes are planned for the nine employees, the firm said.

Taco Bueno Completes Del Taco Deal DALLAS - Taco Bueno Restaurants of Dallas has completed purchase of 16 Mexican fast food restaurants in Texas from Del Taco, including 12 in the Dallas/Fort Worth area.

Taco Bueno's newly-appointed president, Lynn Cowan, said the purchase brings to 123 the number of restaurants it owns. The chain has 42 Oklahoma restaurants, including 21 in the Oklahoma City metropolitan area.

This group includes 18 Taco Bueno restaurants, two Crystal's Pizza and Spaghetti Restaurants and Casa Bonita, a Mexican food restuarant. Taco Bueno employs 3,000 people. It was not known how many are in Oklahoma.

The company is a subsidiary of Unigate Restaurants, also based in Dallas.

Former Tag Agent Charged With Embezzlement SEMINOLE - A former Seminole County tag agent faced a hearing Friday concerning charges that she allegedly embezzled money from the state Tax Commission in order to repay loans used to cover a shortfall found during an audit last year.

Seminole County District Attorney Bill Peterson charged Ann Cocke on Thursday with 27 felony counts, alleging she embezzled $10,605 in registration fees from the Oklahoma Tax Commission.

A hearing on the charges was set Friday before Special Judge Joe Wrigley.

Cocke, appointed tag agent in 1974, was dismissed from the position May 20. Her dismissal and the closing of the tag agency came as tax commission officials conducted one of a series of recent audits at the tag agency, commission spokeswoman Paula Ross said.

Last December, an audit reportedly uncovered a shortfall in agency funds, Ross said. She said Cocke paid for the shortfall by the end of the month with $74,500 in loans from local banks, and the commission allowed her to continue operation.

But, the charges say, Ms. Cocke allegedly began repaying the bank loans by with funds obtained by under-reporting registration fees paid by 27 truck owners. …

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