The New Ulm Enterprise (New Ulm, Tex.), Vol. 77, No. 40, Ed. 1 Thursday, July 30, 1987 Page: 4 of 6
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t THURSDAY. JULY M. 1897
McFarland, ton of OM1 M. McFar-
Air Force Base, Texas.
the airman studied the Air Force
SAMPLE BALLOT
United Methodist Vacation Bible School were caught
(BOLETA DE MUESTRA)
located on Highway 159 one block
storing, and caring for fiber heir-
Ooilet Amounts m Thousands
Bil
2
3
Not
you can select your time.
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b
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FISH
5
271
15
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13
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domestic offices of the
500
Flttstown, OK 74842
38,384
P.O. Box85
Nd
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A0MWVMAAAA
Highway 71
BULLDOZER WORK
S>gnoluro Nolory Public
,e Of
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mkmwi
15
15
2
3
25
25
27
25
15
16
curatorial staff of the Harris County
Heritage Society, and received pro-
fessional trining from conservators
with the Costume and Textile Com-
mittee of that Organisation. The
program will give tips and recom-
Perpetual preferred nock (No
Common stock (No of share*
20
21
22
4d
5
6
7
8
9
10
13a
I3a(l)
13 a (2)
13b
I We the undersigned officer<>). do hereby declare that this Report of Condition has txMin prepared m conformance with official mstruc
lions and is true to the best of my knowledge and belief
of shares outstanding
a Authorized
b Outstanding
Jeffrey Auckland, Margaret Eckermann, Paul Brock-
enbush, Kyle Pomykal, Lynette Barker and Lorene
Maerz.
human relations.
In addition, airmen who complete
basic training earn credits toward
an associate degree through the
community college of the Air Force.
He is a UN graduate of Bellville
HlghSchool.
McFarland
Completes
AF Basic
Question: We read where the
14 cent County Sales Tax if adop-
ted by the voters of Austin County
on Aug. 8 will be used for ad-
valorem tax relief only. Will you
explain?
Answer: Yes. income from the
H cent County Sales Tax can only
be used to offset County ad valo-
rem or property taxes and cannot
be used to get extra money for
the County to operate with. For
every one dollar collected from
the V4 Cent Sales Tax that one
dollar must be used to reduce
property owners taxes.
Question: Then only home
owners, land owners, businesses
and other property owners will
gain from the special tax. Is that
correct?
Answer: Yes, if you are among
those who receive a tax bill from
the Tax Collector each October or
later on property you own, you
can gain by voting ’for’ the tax On
the other hand, if you don’t pay
property taxes you will pay sales
tax to help give tax relief to the
property owners in Austin County.
Question: Suppose Austin
County votes down the sales tax,
what happens then?
Answer: Nothing, except
property owners will continue
paying taxes without tax relief.
Non-property owners will not pay
the cem sales tax* in Austin
County. However, if they buy
taxable items in neighboring
counties that have the H cent tax
they will pay for such in the
County in which they buy. Thirty-
one counties have voted in the#
Cent Sales Tax in April Only one
County voted against the tax. Fay-
Texas Lumber &
Construction Co.
INSTRUCTION NOTE: Place an "X** in the square beside
the statement indicating the way you wish to vote.
No/a de Instruccidn: Lugar una "X" tn el cuadro el lado de
la frost qut indica It mantra tn acual usted quiert voiantt.
Columbus
Butane Co.
JAMES L.KANAK
Sales - Service -Appliances
Phone 733-3074
Home Ph. 733-3873
and products for this care will also
be shown. Members may bring
heirlooms with questions to this
meeting.
Sales Tax
(Continued from Page 1)
□ FOR
(A FAVOR DE)
159 and 109.
The program “Care of Fabric
Heirlooms’* will be presented by
Ann Lindemann. Mrs. Lindemann
18
19
20
21
22
equity capital
23
24
SPECIAL SALES TAX ELECTION
(ELECC1ON ESPECIAL DE 1MPUESTO
SOBRELA VENTA)
(Condado de) AUSTIN COUNTY. TEXAS
August 8, 1987 (8 de Agosto de 1987)
ette County adopted the Sales Tax
during the April election. Wash-
ington. Waller and Colorado
along with Austin County will vote
on the property tax relief issue on
Aug. 8th.
Question: Why did the Com-
missioners Court order the one
half cent sales tax election if the
County won’t gain from its pas-
sage?
Answer: Usually at every tax
hearing over the yean, the ques-
tion was raised. “Why doesn't the
County levy a sales tax instead of
taxing the property owner because
then everyone will pay County ex-
penses?" Until the special session
of the 69th State Legislature a
County could not set a sales tax.
The special session authorized
such provided tax relief is given to
the property owner. Now the
County will levy a H Cent Sales
Tax relief if the voters say so on
Aug. 8th.
Question: What items are
taxed if the 14 Cent Sales Tax is
votedin?
Answer: The tax is imposed on
all items that are subject to the
state sales tax.
Question: How much sales tax
revenue can Austin County expect
if the tax is voted in on Aug. 8th?
Answer: It all depends on how
great the taxable sales are during
the proceeding year. For example,
the total taxable sales in Austin
County for the last two quarters in
1986 and first two quarters in
1987 according to the
comptroller’s office, were
$63,631,802. Applying the V4 cent
rate to such figure we could expect
around $318,000 in ad valorem tax
relief per year. Again, if sales
increase, the tax increases and the
effective tax rate goes down. On
the other hand, if sales decrease
the sales tax is less and the effec-
tive tax rate goes up.
Question: If the 14 Cent Sales
Tax is approved for Austin Coun-
ty, does that mean that the Com-
missioners Court cannot change
the effective tax rate?
Answer: No, if a Commission-
ers' Court wishes to levy a tax
higher than the effective tax rate,
the County is still subject to the
same notice, public hearing and
tax rate rollback requirements
provided by current law. In other
words, once the effective tax rate
has been adjusted to reflect sales
tax revenue, the Commissioners'
Court must hold a public hearing
for any property tax increase that
exceeds the effective rate by more
than 3 percent and are subject to
roll back elections when an in-
crease exceeds eight percent.
ASSETS
Cish end balances due from depository institutions
a Noninterest - bearing balances and currency and com
b interest - bearing balances
Securities
Federal funds sold and securities purchased under agreements to resell m domestic office* of the benk
and ol ils Edge and Agreement subsidiaries and m iBFs
Loans and lease financing receivables
Loans and leases net of unearned income
LESS Allowance lor loan and lease losses
LESS Allocated transler risk reserve
Loans and leases net ol unearned income
allowance and reserve (nem 4 a minus 4 b and 4 cl
Assets held in trading accounts
Premises and hied assets (including captained leases)
Other real estate owned
Inveslmenls m unconsolidated subsidiaries and associated compan.es
Customers liability to this bank on acceptances outstanding
10 Intangible assets
It Other assets
12 Total assets (sum of items 1 through 11)
LIABILITIES
Deposits
a m domestic offices
(1) Nomnleresting - bearing
(2) Interest - bearing
b In foreign offices. Edge and Agreement subsidiaries and I8F s
(1) Noninterest - bearing
(2) Interest - bearing
Federal funds purchased and securities sold under agreement to repurchase in
bank and ol its Edge and Agreement subsidiaries and in IBFs
Demand notes issued to the U S Treasury
Other borrowed money
Mortgage indebtedness and obligations under capuatizeo leases
Bank s liability on acceptances executed and outstanding
Notes and debentures subordinated to deposits
Other liabilities
Total liabilities (sum ol items 13 through 20)
Limited - Me preferred stock
Blood
Drive
There will be a West End Blood
Drive at the Industry Firemen's
Hall on Wednesday, August 19,
sponsored by the Industry Firemen
and Uons Chib who welcome one
“Adoption of a one-half per-
cent county sales and use tax
within the county to be used to
reduce the county property tax
rate** "Adoption de impuesto
sobrt ventas » uso dt la mitad
dt uno por ciento para usarst
(EN CONTRA DE) f para la reduccidn del porcenlaje
I de! impuesto sobrt la propitdad
\ dW condado!'
Surplus
Undivided profits and capital reserves
Cumulative foreign currency translation adjustments
Total equity capital (sum of items 23 through 27)
29 Total liabilitieshmiled - Me preferred Slock and equity cepilal (hum of items 21 22 and 28)
MEMORANDA Amounts outstanding as of Report Date
1 a Standby letters ol credit Total
1 b Amount of Standby fetters of credit m memo t a conveyed to other* impugn pa't.c.pations__
hOTt This report must be signed by an author it rd officer's and ah<vti.-d i.y ~,t 'ey* mr im<.< direr tors othm than me oMicensi signing the report
j State of CouMy of
Strain lo one mbxnboO boforo mo nut 8th day of Ju 1
and I horoby cortily thol I om not on ottfcor or Ouoaor ol fhn boot •
j My commiMion otpr'Ot 12/19 t» 88
384124
650125
LEGAL TITLE OF BANK V.
New Ulm State Bank
Box 133
New Ulm, Texas 78950
Historical
Society
To Meet
August 9
The Industry-West End Historical
Society will hold its regular monthly
meeting on August 9 at 2 p.m. The
meeting will be held at the new
meeting room of the Industry Tele-
Call your local food store to place your order
or call 405/777-2202
Fishery consultant and pond rotenoning available.
Special Deliveries on large ponds and lake orders.
Dunn’s Fish Farm
Now is the time for pond and lake stocking Hybrid
Bluegill, Florida Hybrid Bass, Channel Catfish,
Fathead Minnows, and Hybrid Grass Carp. The
Hybrid Bluegill will REACH the weight of 21/z to 3 lbs.
We furnish your hauling containers. We guarantee
live delivery. Delivery will be Friday, August 7, at the
times listed for the following towns and locations.
Columbus - H & H Feed ano Supply, 8:00-9:00 a.m.
Call us at 405-777-2202
Industry - Lindemann Store, Inc., 10:00 - 11:00 a.m.,
357-2121
La Grange - La Grange Feed and Hardware, 12:00 -
1:00 p.m., 968-6441
Smithville - Feeders Supply, 2:00-3:00 p.m. 237-2420
Bastrop - Owl Ranch supply 12, 4:00-5:00 p.m.,
i
15
~Tntr
TRW
.9 97
No<e 123
statW3t
FfOCRAl Rf SfRVf MTRCT NO
11 31 11996
SHOE REPAIR
.omplete Boot and Shoe Repair
l.01 UMBOS SADDLERY
•BUILDING STOCK TANKS
•CLEARING * GULLY SLOPING
Rm Ph 499-782-8978
MMMMMAAAAMWWAMAMIAWMftlM >
We the undersigned deectors 4114*1 the correctness of th,* Report of Condition and declare mot .1 nos been e>ammed by u* and to th*
best of our knowledge end belief he* been prepared m conformance with official instruction* end 11 Hue end correct
PUBLICATION COPY - COMMERCIAL BANK
CONSOLIDATED REPORT OF CONDITION (Including Oomeetic end Foreign Subeidtariee)
I;
CITY
COUNTY
STATE
ZIP COOE
CLOSE OF BUSINESS DATE
New Ulm
Austin
Texas
78950
June 30, I9S7
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252
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532
2
163
11
1971
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1691
26
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25
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1 29
MEMO
1 •
b &
SfiJpURE OF OFFlCER(SiytTl<)«lZED TO SIGN REPORT
DATE SIGNED
July 8, 1987
NAME AND TITLE OF OFFICERS) AUTHORI^b+o SIGN REPORT
Bonnie Schult YAKRrlXJULliKfit 4 .SilhLOT. ________________
^nw^T-s^i
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The New Ulm Enterprise (New Ulm, Tex.), Vol. 77, No. 40, Ed. 1 Thursday, July 30, 1987, newspaper, July 30, 1987; New Ulm, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1215927/m1/4/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Nesbitt Memorial Library.