Newspaper Archive of
The Malakoff News
Malakoff, Texas
July 24, 1975     The Malakoff News
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July 24, 1975

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%% P ROJ ECT :-"::'.'.'.%';%%%'%%%:..%',%%:.%%:,%.,:.:ov .... L'.'_'-'o;o',:,-%-%%'.:o;,%-';-_';_';';;;_'.,],,',',','o-%-%-. said. All the city's wells will be tied into the lO-inch line. After that it will be a minimum of 8-inches in dia- meter, but indications are the city may be able to afford a 10-inch line all the way to the Transhelter plant. The city was granted a second lien of $75,000 by the TWDB, instead of first lien, which should help the city get a better interest rate on the general obligation bonds, ac- cording to Tom Wolfe, the city's financial adviser. Wofe said that the general obligation bond package could be put together and offered in a short time, and that the city could have money to spend within about six weeks. He siad that if the city put together a prospectus and sought other financing, it might or might not get a better interest rate, but it would take still another six weeks. He said the city could expect an interest rate of between 7 and 7 3/8 percent on the bonds, set up on a 20 oc 21 year payback. He sug- gested that the city put a 15-year recall clause in the bond issue so that if at that time interest rates are more favorable, the city might recall them and refinance at the better rates. The city was to hold a special meeting last night tWednesday) to finalize the bond offering, it was decided by the council. The mayor told the West End delegation he would ask the council to waive the standard of $t00 sewer tap fee for all residents who wished to tie into the lines during the construction phase, but that as soon as the sewer lines were installed, the fee would be reinstated. Asked by Grayer how soon the city might be able to install the auxiliary lines to the water project, the mayor said, "As soon as we car, financially do it." The mayor suggested that Greer and the Dads Club set up a mass meeting of West End residents at which the city council, city manager, the city's financial adviser and the engineer for the project could be present, to answer any and all questions. Page 6- MALAKOFF NEWS- July 2 Passbook Account Pays 5A% compounded daily deposited by the 10th dividends from 1st Start saving now tor that special occasion, Christmas or just a weekend of fun. Come by our office and learn  of our many savings plans. i , SAVINGS & LOAN BASKETBALL ANYONE? Oak area and weighs in at 17 This canteloupe, displayed by pounds. It is Indian Variety   500 S. Palestine 219 N. Terry " Athens, Texas Malakoff, Texas Gary Lewis, wasgrown hy his Giant eanteloupe which t{ltllLt HOUSING uncle J.L. Lewis of the Post reaches sizes of up to 30 Lb'NDffR 675-2223 489-0991 pounds, Lewis says. A basket- "'"i:i:':':':':':':':':"':':':':':':':':':':':':':':':':':':':':':'ii ball it is not. ::: Obituary ili ":' f" .... ', I" . , : " Roy Curtis / . ' " Funeral services were held  .... at 1 p.m. Saturday in the " Mount Providence Baptist "- Church, Athens, for Roy Curtis of 509 Edmonson, Athens, who died last  .... B.& J. Center Want Ads Pay Tuesday in an Athens hos- * pital following an illness of several months. / He was a retired employe of ko Be An Company. Rev. C.W. McWilliams and Rev. J.W. Rose officiated. Interment was in the Athens Cemetery. Mr. Curtis was born in Natchez, Mississippi, and moved toAthensin1929. ) Early Bkd! Survivors include his wife, -- Mrs. Mary Curtis of Athens; one daughter, Mrs. Carrie Foster of New Orleans, La.; one step-son, Willie Rodgers of Houston, one brother, Johnny Curtis of Lindale; and*" nine grandchildren. Pallbearers will be Eddie Givens, Jeffrey Givens, Johnny Morgan, Lee Cooper, lie Mi er a:  Watkins eden. Read The News J GWiienMiller and ,lql g$t;_00i00l0000r6 ! If you're from 00N00rrno00 ova! Texas, boast about the hlTiSTICI00I E: little things too. 1975 Everyone knows that things in Texas are "bigger and better" than anywhere else. But has anyone ever heard a Texan boast about something smaller? 'We mean natural gas rates. Right now in Lone Star's service area, our customers are paying one of the lowest general service rates for natural gas anywhere. And in these inflationary times, that's something to boast about. Of course we're lucky to be living in the Southwest, where the majority of natural gas reserves are located. And that's one of the reasons for our dependable service and adequate supplies. So you wonder, "If natural gas is so accessible to us, why are gas rates going up?" It's simply costing much more to obtain natural gas these days. Higher prices tbr deel:r drilling. Higher prices for the transportation of gas. And stiffer competition for new supplies. Natural gas is a premium fuel, but it hasn't always been priced at its real value. Lower prices in the past are one of the reasons that demand for natural gas has exceeded available supplies. Some years ago it became unprofitable to drill for natural gas, so many producers were forced to reduce their investments in exploration. But now that natural gas is almost priced competitively with other energy sources, exploration has begun to increase. !iii!iil ................... In order to assure our customers of an adequate supply to meet their needs, higher natural gas rates are inevitable, lfs simply going to cost more than it has in the past. But it's worth it, because natural gas is one of the most efficient, non-polluting fuels available. And that's one of the big things in Texas we like to boast about. Lone Star Gas The clean energy company 10% Off List Price If Ordered Before August 15th Come By And Look At Our Sample Book Of Christmas Cards THE MALAKOFF NEWS News Building