Polk County Enterprise (Livingston, Tex.), Vol. 103, No. 62, Ed. 1 Sunday, August 4, 1985 Page: 3 of 28
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THE POLK COUNTY ENTERPRISE, SUNDAY AUGUST 4, IMAGE IA
Voters to decide on farm, ranch funding program
AUSTIN - A program to revitalize
the family farm in Texas will be
modeled after the successful and
self-supporting Texas Veterans loan
programs, so as not to cost tax-
payers a single penny, Texas Land
Commissioner Garry Mauro said.
Established by the recent
legislature, the Farm and Ranch
Finance Program would be funded
by the sale of $500 million in general
obligation bonds which must be ap-
proved by the voters next
November-Number 10 on the con-
stitutional amendment ballot. If
voters approve Proposition 10, the
first loans could be made in
September 1986.
Sen. Bill Sarpalius (D-Amarillo)
and Rep. L.P. (Pete) Patterson
(D-Brookston) authored the legisla-
tion that provides for low-interest
loans of up to $100,000 for the pur-
chase of a minimum of 50 acres of
land for a working farm. To be eligi-
ble, a family must have one of the
household that receives at least 35
percent of his income from
agricultural purposes for the last
three years before the loan is re-
quested and have a net worth of no
more than $250,000. Also, Texas
residency for the last five years is
required.
Mauro pointed out that a Texas
veteran would be eligible for a Farm
and Ranch Finance Program loan
even if he had already used his
Texas veterans program loan.
Designed to be a local farm and
ranch program, the enabling legisla-
tion provides for a local committee
appointed by the county judge and
consisting of two resident
agricultural producers and an of-
ficer of a financial institution
located in the county.
Under the legislation signed by
Gov. Mark White, the maximum
mortgage period would be 40 years
with a required down payment of at
NASHVILLE - MUSIC CITY U.S.A.
Join First National Travelers for a foot stomping, hand clapping good time
IDS
Nashville, Tennessee.
October 31 - November 3
Trip Includes:
•Roundtrip airport transfers
•Roundtrip airfare
•Three nights at Radisson Plaza Hotel
•Dinner at Cock of the Walk
•Lunch in the home of Tom T. Hall
•Evening performance of Grand Ole Opry
•Tour to Music Row, Country Hall of
Fame, and Minnie Pearl Museum
•Visit to the Hermitage, home of Andrew Jackson
•Breakfast at hotel
•Escort form First National Bank
•Nashville Guide
Call Kathy Boyce for reservations at 327*5741
or come by First National Bank
FIRST
National Bank of Livingston
- ~ “ '«« -------------'■^MembtrFDIC
P.O. Sox 671 Uviogiton, Texa* 77351
<4M) 327-5741
least 5 percent.
The Veterans Land Board will ad-
minister the new farm and ranch
program and set the actual mor-
tgage periods and interest rates
after bonds have been approved by
the voters and sold on the bond
market.
“If the success of Texas Veterans
Loan Programs are any indication,”
Mauro said, “this new program
should prove to be even more suc-
cessful because it appeals to an even
broader number of Texans. We in-
tend to model the program closely
Mischief
investigated
from page 1
motor and a white trailer were
reported missing from Creekside
early Saturday morning by Tom T.
Behawisk. Robbins is the in-
vestigating officer.
Other cases
John Campbell reported a Honda
dirt bike had been abandoned in his
front yard. The bike’s serial
numbers had apparently been
altered. The case is under investiga-
tion by Edmonds and Capt. Chuck
Staton.
Karen Kay Cuevas reported last
Sunday her car had been vandalized
while parked in the Texas Brag
parking lot. Longino is the in-
vestigating officer.
Robbins is investigating a
criminal mischief case reported Ju-
ly 27, where windows were broken
out of a mobile home belonging to
Ruby Hyde in Rolling Hills subdivi-
sion.
An estimated $700 in damage was
reported following a criminal
mischief incident at the Samuel
Romano residence in Commodore
Cape. Walls and a patio door were
among the items damaged in the in-
cident, reported July 25. Robbins is
the investigating officer.
George W. Ross of Old Woodville
Road reported some $150 in damage
to windows in his mobile home, and
$700 in damage to his vehicle follow-
ing a criminal mischief incident
reported July 23. Juveniles are
suspected in the case, which is being
investigated by Juvenile Officer
Richard Morris and Lt. Edmonds.
after the Texas Veterans Housing
Assistance Program and the Texas
Veterans Land Program--the best
veterans loan programs in the entire
United States.”
“Those highly successful veterans
programs are self-supnortine and
have not cost the tax-payers a single
penny. The Farm and Ranch
Finance Program should prove
equally as popular, but now it is up
to the Texas voters to provide the
funding next November,” Mauro
said.
Juveniles linked to crimes
CORRIGAN - Three Corrigan
juveniles were taken into custody
last weekend in connection with a
series of vandalism incidents
reported at local businesses.
A 12-year-old and two 13-year-old
youths were picked up by police and
turned over to juvenile authorities in
connection with incidents reported
at Dixie Furniture, Lori’s School of
Dance, Corrifah Beauty < Shop,
Smith Was he ter ia and Corrigan
Realty.
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White, Barbara. Polk County Enterprise (Livingston, Tex.), Vol. 103, No. 62, Ed. 1 Sunday, August 4, 1985, newspaper, August 4, 1985; Livingston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth781677/m1/3/: accessed June 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Livingston Municipal Library.