Polk County Enterprise (Livingston, Tex.), Vol. 107, No. 13, Ed. 1 Sunday, February 12, 1989 Page: 4 of 26
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PAGE 4A-THE POLK COL'NTY ENTERPRISE. SUNDAY FEBRU ARY 12.
Understanding joint ownership success key
4 Financial Focus
dk - k.
John D. Hay ter
Securities can be owned in-
dividually or jointly with another
person or persons. If you’re a joint
owner, how the security is
registered can make a lot of dif-
ference in your estate and your
taxes.
There are two types of joint ac-
counts, and it’s important to unders-
tand the differences between them.
The first type is joint tenancy with
rights of survivorship. The other is
tenancy in common. It’s your option,
except in states that prohibit rights
of survivorship, to choose how your
joint ownership is registered.
Joint Tenancy with Rights of Sur-
vivorship
This is the most common of the
two ownerships. It appears on your
account and certificates with the full
name of all owners followed by the
a bbreviation JTWROS or sometimes
JT TEN.
As the name \ implies, upon the
death of one of the joint tenants, that
person’s entire interest in the ac-
count passes to the survivor or sur-
vivors who are registered as joint
owners. The estate of the deceased
has no interest in the account.
As you see, it’s important that you
fully understand the legal conse-
quences to your heirs and your
estate before entering into such an
ownership.
A similar type of joint tenancy is
tenants of entirety. This is basically
the same as joint tenants with rights
or survivorship except it exists only
between spouses.
Tenancy in Common
This designation appears on your
account and certificates with the
names of all owners followed by the
abbreviation TEN COMM. Cer-
tificates that do not bear a tenancy
clause are usually assumed to be
tenancy in common. Each
registered tenant has a fractional in-
terest in the account. In the event of
death of one tenant, the deceased’s
interest in the account passes to the
estate. It does not pass directly to
the surviving joint tenant or tenants.
Joint accounts can be created for
any two or more persons. Although
some brokerage firms may accept
five or more names on one account,
the rules of the Stock Transfer
Association prohibit registration of a
security in more than three names.
If an account with several joint
tenants is important to your
registration, you should clarify it
before opening an account.
In certain states, known as com-
munity property states, the law does
not immediately recognize the joint
tenancy with rights of survivorship
holding. There could be situations
where special joint tenancy
agreements may apply, but it’s ad-
visable not to assume this or act on
the advice of anyone other than a
competent attorney.
The choice you make on joint
ownership of securities could have
significant tax or estate implica-
tions. If there’s any question as to
how either joint ownership will af-
fect your heirs, estate or tax liabili-
ty, a visit to your attorney or tax ad-
viser could prove to be the most pro-
fitable part of the investment.
Primary school names A-B honor students
LIVINGSTON - Livingston
Primary School students named to
the A-B Honor Roll for the third six
weeks are:
First grade
Keller
Tony Bums, Roy Gamer and
Brian Watson.
Hill
Jerry Adamick, Diana Autry, Tif-
fany Brown, Craig Daniels, Tabitha
Rushing, Brandie Summers,
T’Challa Washington and Amanda
White.
Christy
Reba Baggett, James Hopson,
Stuart Moore, Tim Roberts, J.W.
Sprayberry, Fabian Viruette and
Ainenia Williams.
Hayter
Scott Bradley, Julia Buller,
Kimberly Burnett, Dustin Kinder,
Randy Mittag, Rachel Slocomb and
Heather Whatley.
Myers
Jimmy Burleson, Pam Clamon,
Jennifer Hogg, Suzanne Loftin,
LaHope McGowen, Lang Prescott
LEGGETT - The following Leg-
gett School Students have been nam-
ed to the A and A-B honor rolls for
the third six weeks:
“A” HONOR ROLL
First grade
Matthew Reeves and Gennie
Morgan.
Second grade,
Leslie Bennett, Michael Jasso and
Michael Love.
Third grade
Dustin Cox.
Fourth grade
Krystal Davis, Amanda Johnson
and Kellee Walker.
Eighth grade
Teri Parrish.
Twelfth grade
Kerrie Potaczala and Uvaldo Da-
and Melissa Yates.
Smith
J.W. Cochran, Joey Corbeil, Chris-
tian Dees, Shannon Gates, Marcus
Ojeda, Chrissy Simmons and Sarah
Smith.
Croes
Michael Ainsworth, Nicole Bass,
Angela Billingsley, Kristy Gentry,
Brent Perkins, Celynda Smith,
Shannon Tomlinson and Jenny
Walters.
waits
Arvia Daniels, Chris Miller, Wan-
nie Olvera, Patti Patterson, Jennifer
Sanchez and Chris Schwarze.
Manary
Jimmy Brasher, Patty Carr,
Crystal Limmer, Boni McCreight,
Preston Nadolski and Erica Sim-
mons.
Helm
Desheka Bogany, Jacobi Criswell,
Rex Dickens, Ride Gardner, Kim
Joubert, Michael Mays, Jo Moody,
Ashley Owens and Kati Sprott.
May
Bobbi Jo Booth, Amie Burnett,
“A” and “B” HONOR ROLL
First grade
Gary Berrett, Ryan Nelson,
Monica Mays, Jimmy Hill, Kepone
Banks, Carlos Damian and Alvin
Taylor.
Second grade
Tava Collins, Antwain Franklin,
Nora Garda and Dusty Wolfe.
Third grade
James Hunter, Eric Jefferson,
Melissa Jones, Ron Summer and
Brandy Willson.
Fourth grade
Keri Harrington, Cari Morgan,
Joe Nelson, Kala Scott and Paul
Shirley.
Fifth grade
Trinity Sanchez, Melissa Simons,
Jennifer Dewait, Earl Henderson,
Billy Nix and Krystle Patterson.
MUIer
Dwayne Bennett, Daniel Denham,
Tonya Easley, Andy Evans, G.W.
Farrar, Lora Lee Lacy, Lindsey
Maddox, Jamie Parker and Joshua
Sellers.
Second grade
Pritchard
Willie Johnson, Carma Judkins,
Choyss Lowery, Jarod Needham,
Ryan Salathe and Brent Thompson.
Haider
Kevin Bass, Trisha Bohannon,
Greg Carr, Angela Castillo, Amber
Chennault, Shayla Jackson, Keisha
Kemp, Alex Wilson and Mary Wor-
tham.
Maze
Ryan Boyd, B.J. Cedars, Amie
Clayton, Travis Hoover, Calobe
Isaacs, Sandra Long and Shawn Nix.
Delasalle
John Bain, Katrina Grimes,
Samantha Hall, David Hardin,
Richard LaFour, Alana Light, Dan-
ny Rios, Brandon Rushing. Jared
Annette Diosdado, Carolyn Shaw.
Kashun Jessie, Dana Fann,
De’Nadia Taylor and Kashundra
Franklin.
Eleventh grade
Kathy Jessie, Paula Damian and
Ionda Parker.
Seventh grade
Angela Schreiber, Laura Hon,
Jovita Sanches and Frank Sanchez.
Eight grade
Jenny Davis and Heather Shirley.
Ninth grade
Pam McCarty.
Tenth grade
Lisa Jessie, Vicki Bennett and
Rena Dewait.
Twelfth grade
Missy Turner.
Taylor, Robert Whatley and Dwayne
Wise.
Zelgler
Stan Galloway, Wilma Mapps,
Wade Brasher, Aimee O’Neal, Jen-
nifer Patranella, Grady Reily,
Michael Taylor, Amy White and
Matthew Wood.
Babcock
Stephanie Burch, Iara Coursey,
Andrea Fye, John Long and Don
Tanner
Prater
Becky Busby, Cory Davis, Adam
Ferrer, Crystal Gilbert, Marcie
Hasten, Cindy Karimian, Otis
Reeves, Brenda Saenz and Bar-
driecke Ware.
Thompson
Patrice Brown, Jason Bunting,
Donald Cantrell, Amber Cedi 11 os.
Robert Humbird, Andrea Hunter,
Loena Irvin, Mandy McDaniel,
Suzanne Neel and Stuart Thomas.
Harris
Chrystal Burbank, Charles Evans,
Stephanie Gestes, Matthew Holman,
Joseph Moyers, Shannon Smith,
Brian Washington, Surie Templeton,
Mandy Westbrook and Kevin Wiley.
Adams
Fred McCormick HI, Stephanie
Corbeil, Sherry dear, Tracy Gon-
zales, Teah Hickman. Crystal Par-»
nsh, Pay4] £atcL. Sherry Rhodes.
Amanda Selman and Leah Taylor.
SCHOOL
MENUS
LIVINGtrON smoou
MewSey. Fet U
Chicken AM on Ian. fries. Mm r**» Mtir*
sad asnacti (sled. pram* bottor cootoc and
milk.
TmUmj, F»fc M
I missal Frlto pie, white Mnai cork battered
catenae, oranfe haS. com brad oqart and
mik
Wetemtey. Fek U
Salisbury Mat. wavy, (teamed rice, naonod
Iran bans, diced pacha, min roll ad milk
Ttontey, Fob. M
Hemburfrr or cbeeeeburstr. Mace, tomato,
pickle, onion, frla and (talk
Frtdijr, Feb. 11
Pina, garden salad. convon-lhr-coh pineapple
peddng end milk
By Leggett School officials
^ i - If "* • T
Honor students .announced
mian.
Legal Notice
NOTICE TO
CONTRACTORS
INSTALLATION OF PAVEMENT
MARKINGS (REFLECTORBED
TRAFFIC PAINT) VARIOUS
ROADS IN DISTRICT ELEVEN.
STATE DEPARTMENT OF
HIGHWAYS AND PUBLIC
TRANSPORTATION
Sealed proposals for the installa-
tion of Pavement Markings I Reflec-
tor! red Traffic Paint I will be receiv-
ed at the office of the District
Engineer, 1SK North Tlmbetiaod
Drive, Room Ml, Lufkin, Texas. The
bids will be opeaed at 3:M P.M. 00
February 23, If®.
The contract coven the Installa-
tion of four (4) inch solid Itoe pave-
ment markings, four (4) inch dash
line pavement markings, railroad
symbol crossings and railroad pave-
ment markings, aad 24" solid Uar
pavement markings on highway
routes within the nine (•) county
area comprising District Eleven.
The nine (I) counties are: Angelina.
Houston, Polk, Nacogdoches,
Sabine, San Augustine, San Jacinto.
Shelby, and Trinity .
All bids wQl be publicly speaed
and read on the specified date and
time at the District Office.
Proposals Including plans aad
specifications for this contract will
be furnished to any firm or in-
dividual desiring to submit bids. The
bid forms, plain, aad specifications
are available from Mr. J.L Benin!,
District Engineer, Stale Depart-
ment af Highways and Public
Transportation, IMS Narth
Tlmbertand Drive, Lafkto, Texas.
For the ceavealeace sf prospec-
tive bidders a pre-bid conference
will be held on February 21, lM at
3:M P.M. local time ia (he District
Office at Ml North Tlmbertand
Drive In Lufkta for the purpooe of
answering any questions regarding
the proposed work.
All usual rights reserved.
Legal Notice_
NOTICE TO BIDDERS
The Commiodsuen Court of Polk
Couaty will receive sealed bids on
February 13, 19* at I* M o’clock
A M. la the Polk Couaty Commis-
sioners Courtroom for the following
Items: Item No.1: Crushed Rock;
Item Nu.2: Tires and Tubes. Item
Na. 3: Asphalt Slurry Mix, Hot Mix,
Hot Saud, Chip A Seal, Cold Patch.
Road Oil. Item No. 4: Gas, OU aad
Grease.
Specifications may be picked ap ia
the office of Me Couaty Auditor.
Polk Couaty Courthouse, Livingston,
Texas. All bids must be sealed aad
plainly marked as to the Item
Number. Rids must be ia the
Auditor’s Office by t«:N A.M. oa
February li, 1989 for opening the
same date.
The Poik Couaty 1 ommissiouers
Court, Livingston, Texas reserves
the right to reject any and/or all bids
or to accept the bid most advan-
tageous.
Dianne D. Bass
County Auditor
Legal Notice_
NOTICE TO BIDDERS
The Comm is si oners Court of Polk
County wID receive sealed bids oa
Monday. February 13, 1981 at M:ll
o’clock A.M. in the Poik Couaty
Commissioners Courtroom for (he
following: Item No.1: Pubic Of-
ficials Liability. Item Ne.2: Law En-
forcement Liability. Item No.3:
General Ltabilty Insurance. Item
Na.4: Insurance su Read and Bridge
and SulM Waste Eqripmeut
AD bids must be sealed aad plainly
marled ns In (he Item Number. Bids
must be in the Auditor's Office by
M:« A.M. ea February U. Mi lor
opening the same dale.
The Polk Coaaty Com mis stone ri
Court, Uvtogstoa, Texas reeerves
the right to reject any and/or all bids
ar la accept Nto bid meal advaa
Ugal Notice_
NOTICE TO BIDDERS
Dtaaae D. Bass
County Auditor
As antburlied by V.T.C.A.,
1288-188 SU. the Trinity River
Aatberity of Texas (THAI hereby
gives notice sf its iuteattoa to pur-
chase the folio wing equipment far
the Uvtagstm Regional Water Supp-
ly System: One (1) Tars Gnraad-
1 master Mowing Machine.
Sealed bids will be received by the
Assistant Regional Manager,
Southern Region, natfl 2:M PM., su
February 27, UM, the Trinity River
si Texas, IlfJ Tenth
Legal Nptice
to the General Manager sf the
Trinity River Authority. It shal be
within the dtecrettoa of the General
Manager to determine the lowest
aad beat bidder. Bids which da aat
NO. 4343
ESTATE OF JAMES E. SHAW,
DECEASED, IN THE COUNTY
COURT OF POLK COUNTY.
TEXAS.
NOTICE TO ALL PERSONS HAV-
ING CLAIMS AGAINST THE
ESTATE OF JAMES E. SHAW,
DECEASED.
Nadce Is hereby gives Wat
Original Letters Testamentary far
Ml rail si MMtlE.Mmw.wurv
issued up February 2, Ml, hi Cause
Na. C4S pending la the Couaty Court
of Polk County, Turn, to:
I.EODELL GROVEY.
The residence sf inch Executrix is
Harris County, Texas. The past of-
fice address la: LEODELL
GROVEY, IU East 43rd. Hoastoa,
Texas 77821
POLK COUNTY
Disorders not limited to winter
Dear Ann Landers: This is no
joke. I have heard about people who
suffer from something called “SAD”
(seasonal affective disorder). They
become depressed in winter and
need lots of indoor light to make up
for the sunshine that they miss.
I am just the opposite. Rain and
gray skies make me energetic and
cheerful. Sunshine makes me feel
like a withered, dying flower. I get
dizzy, clammy and crabby in
temperatures over 75 degrees. Even
indoors, I prefer the dim light of a
25-watt bulb. I keep my drapes clos-
ed during the day and prefer
darkness to sunshine.
The bright fluorescent lights in my
office make me nervous and jumpy.
During the summer I become so
depressed that I feel like committing
suicide.
Am I alone or are there others who
suffer from this? Please check with
your experts and come up with some
answers.-Happiest to the Shade
(Seattle)
Dear Seattle: I contacted Dr.
Herbert Pardes, chairman of the
department of psychiatry at Colum-
bia University. He provided this
response:
“Certain forms of depression do
occur at specific times of the year.
The best known is seasonal affective
disorder. These people become
depressed only In the winter. They
feel lethargic, their appetite in-
creases and they tend to oversleep.
Light therapy has proven helpful.
“Some people, on the other hand,
become depressed in the spring, fail
or summer. Much less is known
about these more unusual disorders.
It could have something to do with a
change in the hormones. It is also
Ann Landers
Syndicated columnist
possible that the woman who wrote
could benefit from antidepressant
medications. The fact that bright
fluorescent lights in her office make
her feel nervous and jumpy is not
unusual. Some patients who hure
anxiety disorders report similar
symptoms.
“There are programs that can
help these people. Anyone who is in-
terested may call the Depression
Evaluation Clinic at the New York
State Psychiatric Institute. The
telephone number is (212) 900-5734.
Although we are based on the East
Coast, we would be happy to give
guidance to anyone who wishes to
contact us."
Dear Ana Landers: The letter you
printed from the drag addict who
blew |40,000 was interesting, but
what about the ordinary smoker?
A young acquaintance of mine,
age 15, just started to smoke. For the
fun of it, we did some calculating.
The premise was as follows: “A"
and “B” are twin sisters. “A"
smokes a pack of cigarettes every
day from age 15 to retirement at S.
Assuming the price of cigarettes
($1 JO a pack) will never go higher in
50 years, “A" will itove nothing to
show for this expenditure except a
huge pile of ashes and butts and a
pair of very black lungs - if she’s
still around, that is.
If “B”, on the other hand, places
her $1.50 a day in a relatively modest
1.75 percent, tax-deferred invest-
ment plan, at age tt she will have
$435,462 in cash, and probably the
good health to enJOy U.-RJ.S.,
Bridgewater, N.J.
Dear R.J.S.: Many people tune out
completely when you talk about
what cigarettes can do to their
heart, lungs and vascular system.
Bid when you talk money, they
become very much interested.
Thanks for writing. Maybe when
the smokers get out their calculators
and discover that Twin A spent
$27,375 mi those coffin nails they
may decide to quit.
-to
Dxar Rxadxn: Rxmxmbxr thx
xssay that poiatxd eat hew xach ef
as is Important xvxa though wx
night aet think se? WxD, the author
surfacxd. Hx to Richard H. Laowey
of Colorado. Hx wrotx it ia MM.
How mnch do yea know about pot,
LSD, PCP,
motion oa drap, write for
Laaders’ newly revised booklet,
“The Lewdowa aa Dope.” Send $3
plus a self-addressed, stamped
business-size envelope (45 cents
postage) to Aaa Laaders, P.O. Bex
llitt, Chicago, 01. MSll-tttt.
LEGGETT SCHOOL
Not available.
ON ALASKA SCHOOL
Menday. Pat tt
Chicken aai dump!tip, raided yams, En(iah
pete, csrteread and milk
Ttestey. Feb M
Show Jem. peUteea, frttt, otoe and milk
Wetecetey. Fab li
Spaghetti with meat Mere, ween bean. ML
rolls and milk
Tknrstey, Fab IS
Bnrrtoaa with chill aid chaeaa. refried beau,
apple cobbler and milk.
Friday. Fab 11
Turkey pal pie, anted, fruit and mflk.
GOODRICH SCHOOL
Mm day. Fab II
Frlto pie, corn, fruit, contend and milk
Taaeday, Fab M
Plan, aalad, (rdt and mSk
Wedaeaday. Fab IS
Ovan-friad chicken, pototoea. fruit, hat roila and
milk
Tharatey, Fab M
CMS, rice, salad, conbread and milk
Friday, Flab II
Chaaaabnrpr. lettuce, picklea. potato Iota and
mik
(XMUUGAMCAMDSN SCHOOLS
Maaday, Fab IS
Bartecas aa tom, poUSo aated, pickla apaara, ap-
ple crunch wd ndlk
Ttneday, Feb M
State flaser basket, (Seed peachee. wMto tread
■y, Fab is
Shepherd pie, biacteyed peoa, beets, banane
padtSas, comhroad and mik.
Tharatey, Feb M
Roast creamed potato** with frary, broccoli
with cheese sauce. )oUe, hot roila md ndk
Friday, Fob 11
Hamtoipr.'waaa anted, Man. cats*, poser-
breed and mik.
mG SANDY SCHOOLS
Maaday. Feb B
Fite motets, tarter aaac*. macaraS end
chceec. pinto beam, hash papplio. stead unto
andadk.
Tuesday, Feb H
Bum toe* with chili, hiked beam, cetatenr. fruit
Witetod*, Feb U
Fried chictea, creamed potatoes wkh pavy,
bitter beans, jefe with fndL rte and milk
' Tharatey, Fab H
CMU beau. Mettcan corn, (rate apple. corn-
bread «id milk
Friday. Feb II
HwnbvfW oa ban, httaro. >-mo« picklea,
Mas, cate*, cookie and mik.
ENTERPRISE
ALVIN HOLLEY, PUBLISHER
Telephone Number 327-4357
USPS 437-340
Entered as Sacond-Ctoas Matter at the tat OfAce at Lvaigstan. Texas
77351 under the Art of Oongrcai of March S. 19D
EDITORIAL DEPARTMENT
Barkan White, Editor
Van Thomas, Sports Editor
Greg Peak, Area News Editor
Don Hendrix, Special Sections Edita
Dianna Campbed, Living Section Editor
* Kenneth Schmidt, Photographer
Emily Banks, Reporter
PRODUCTION DEPARTMENT
Gsbmsw / Ptatonaktog
Gordon LeBarron, Don Hoieman
Beamon Goodwin, Adrian Dunn
Dorothy Whs
Valerie Lam. Assistant Supervisor
Angela Brake*. Martha 0*B ouan
CIRCULATION DEPARTMENT
PRINTING DEPARTMENT
advtr^nTdepartment
Mary Jo Watson, Samba Jackson
Linda Jaosfea, Ckarifkd Manager
wmikkeehnodSariment
Diana Ftocal, Barbara Witoon, Laura Munson
SUBSCRIPTION RATES • $UJ8 per year tea toctodad. to county. »MjM
per year, cut ef coaaty, II7.M pm year aat ef Mato. Published scad-
weekly. Sunday and Thursday at MX Catoona to Lhrtogatoa, Tn as by the
Pate Couaty PubUaktog Os.
Any must eons reflection upon the character. Standing ar reputation ef
aay peraoa, firm w corporation which may appear to this newspaper wtt
be gladly corroded upon httog brought to the atteuttou ef the puMtebcr.
Opinions expressed to catenas are these af the writer aad aet
accceaaarly those ef this newspaper.
POSTMASTER: PLEASE SEND FORM *79 to P.O. BOX 12*
LIVINGSTON. TEXAS 77381.
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White, Barbara. Polk County Enterprise (Livingston, Tex.), Vol. 107, No. 13, Ed. 1 Sunday, February 12, 1989, newspaper, February 12, 1989; Livingston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth776562/m1/4/: accessed July 10, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Livingston Municipal Library.