North Carolina Newspapers

Thursday, October 14. 1982 Wmn Dixie Announces Management Changes r JACKSONVILLE, : FLORIDA—A. Dano Davis, 37, son of J.E. Davis, ■Chairman of the Board of Winn-Dixie Stores, Inc., the Sunbelt’s largest food retailer, was elected President to succeed B.L. . Thomas, and Robert D. Davis, 50, was elected Vice ; Chairman of the Board, succeeding his father, A.D. ' Davis, in significant management changes • announced by the company today. Mr. Thomas, President since 1965, died on September 29th from a stroke suffered earlier this week. A. Dano Davis, the new President, will assume duties of Principal Executive Officer, and Robert D. Davis will serve as Principal Financial Officer of the company. C.W. Waldorf, Executive Vice President, will con tinue to be responsible for Retail Operations. J.E. Davis will remain as Chairman of The Board of Directors. Commenting on the management changes, J.E. Davis said, “We will miss the invaluable services of Bert Thomas who was a principal contributor to the growth and success of Winn - Dixie over the last 35 j years. The company is : fortunate, however, that it ; has qualified management personnel available to move . up to positions of respon sibility in the organization. We have always delegated responsibility and the company has always been operated as a team. We ri.jjjf.m PUBLIC I SALE! IaUCTION 1* * * pK| Noon iff 1 \f Oct. 16, WrJ 1982 College of The Albemarle T _ [r “ U.S. Highway 17 North IEl: LJ Elizabeth City, N.C. Built as a training project by COA Light Construction students • 960-Square Feet • Livingroom co#t *- House **" * • asi fr moved . 3 Bedrooms . Util?Zn r OPEN FOR INSPECTION • Kitchen/Dining Area • Ample Closet Space Call ' 65*232 • Large Bathroom • Custom Kitchen Cabinets — : • Ceiling & Wall Insulation • Plumbing & Wiring COLLEGE OF THE ALBEMARLE IS AN EQUAL OPPORTUNITY INSTITUTION ’ BASS BOATS ifjN V TOOK FIItKTCiAK* TICKET TO A arkansas Forrest L. Wood BASS TRACKER & TRI-HAWK GLASTRON.. SKEETER.. GALAXY.. PRIVATEER r NEW (CTO TRAILERS jEV/rmUDEI lAHsMUsW' 1 OUTBOARDS 1 FOR SERVICE: JOE BRICKHOUSE MOTOR GUIDE TROLLING MOTORS! BILL HAHNE: MARINE SALES l SERVICE VISIT THE HOMS OF THE *OM* GIANT «cr! inn r mot ° r corp /Al Hill r EDENTON4B2-8421 & \&|IUVIL n ' Broa(i st Ext believe the new management team will continue to give Winn - Dixie shareholders and customers one of the best operated retail food businesses in the world.” Although stepping down from a top management position, A.D. Davis, one of the two brothers still active in the business founded by the Davis family in 1925, will continue to be in active managmenet as a Director of the company. A founding Davis family member, M. Austin Davis, a former Senior Vice President, retired as a Director at the annual meeting of the shareholders today. A. Dano Davis, the new President is a native of Jacksonville and attended Stetson University. Mr. Davis has been employed in Social Security Disability Benefits Lee E. Wallio Field Representative Legislation enacted in 1981 provides for a “cap” on disability benefits. This means that a per son’s Social Security disability benefits will be reduced, if necessary, so that the total amount of all benefits payable under Federal, State, and local public programs on the basis of disability will not exceed 80 per cent of the individual’s average earn ings before he or she became disabled. The provision does not apply to receipt of a Veterans Administration disability payment, a public Retail Operations by the company since 1962. Named Vice President in 1978, he has served as Retail Store Manager, Supervisor and in Progressive Retail, Mer chandising and Management positions with the company. Robert D. Davis was born in West Palm Beach and is a graduate of the University of Florida. A 27 year Winn - Dixie employee, Mr. Davis has served as Financial Vice President since his election to that office in 1965. C.W. Waldorf, a native of Macon, Georgia, has been Executive Vice President since 1977. He began his grocery career in 1937 with the Table Supply Stores, and has been in Retail Operations and Mer chandising for his entire career. employee pension based on Social Security - covered employment, a public benefit based on financial need, or a private pension or .insurance benefit. The “cap” is intended to eliminate duplicate benefits which overcompensate some disabled workers, discouraging them from attempting to return to work, and create un necessary expenditures. The cap on disability benefits limits the overlapping and duplication of public disability programs. A disabled person who is better off financially by not working may be THE CHOWAN HERALD East Carolina University Hosts 2-Day Symposium GREENVILLE - East Carolina University will be host to an internationally important two- day sym posium on phosphate and peat resources of North Carolina October 12 and 13 under auspices of the ECU chapter of Sigma Xi, the scientific research society. With speakers from as distant as Arizona and Florida, all noted authorities in their fields, the symposium will focus on the scientific support for the evaluation and orderly development “of these extensive and valuable resources,” according to Dr. Bernard E. Kane of the ECU School of Allied Health and Social Professions, spokesperson for the symposium committee. The speakers “will discouraged from at tempting to return to work. Although many people would prefer to be in dependent and gainfully employed regardless of their income, some un doubtedly find the increased income obtained from disability benefits a disincentive to return to work. Pork Festival Is Sold Out Tickets for the 1983 Virginia Pork Festival are sold out! Due to ticket demand - many orders had to be returned unfilled. Those planning the festival sincerely ap preciate this support and interest - but it was felt it would not be possible to increase the number of tickets sold - and maintain present pork festival quality. Those attending the festival will have the op portunity to sample from 18 tons of pork and side dishes - featuring some 35 different food items. The Virginia Pork Festival Inc. is an incorporated, non - profit promotional - educational organization dedicated to the promotion of pork and pork products and to the recognition of Virginia’s swine industry. 1979 Redman Flamingo 70’ x 14’, Three Bdrm., l'/i Baths, Energy efficient central heat & air cond., Energy saving underpinning & storm windows, Large Capacity refrigerator w/ice maker, Electric stove w/continuous cleaning oven, Washer. Wired for Dryer, DECK ENCLOSED 24’ PRIVATE POOL, 100 lb. Sand Filter, Skimmer & Pool Cover. 13,000 FIRM. CALL 482-4736 fDR. A. F. DOWNUM, JR. L . ••• OPTOMETRIST Checking For Farsightedness Some people may have had In examining you for an eye examination at one farsightedness, the doctor time that showed they had 20- may put special drops in your 20 vision. There was no eyes to rest these muscles so porblem at all in seeing you can’t use them during the things close up or far away, examination. Then he’ll know It’s a mystery to them when just how much correction they develop eyestrain or your eyes need. The right headaches. But it’s no glasses will give you normal mystery to the eye doctor, vision again, without It’s a clue that there may be a eyestrain and headaches, problem of farsightedness. If you’re farsighted, it takes longer than normal for your eye to send a clear image to the retina, located at the back of the eye. To compensate for this, you have been using your near focusing muscles for distance she jntorest of bett#r vision SRStSZS are not as effective as they A.F. Downturn. Jr. O.D. used to be. 103 w. eom street EDENTON ~ ■ 482-3218 evaluate the resources, the environmental problems associated with recovery and the role of the resource in the local, national and international framework,” Kane said. The first day’s program will be devoted to phosphate, which has been mined extensively in Beaufort County, N.C., for more than a decade. Large phosphate deposits lie in the Pamlico and Pungo river region of eastern North NCEMPA Closes Purchasing Deal WILSON—The Executive Committee of N.C. Eastern Municipal Power Agency (NCEMPA) has voted to close on an additional 19 per cent of its ownership in terests in seven generating units on the Carolina Power & Light Company (CP&L) system. The purchase will be made October 15, using a portion of the proceeds from NCEMPA’s July 16 sale of $450 million in electric revenue bonds. The ad ditional ownership interest will provide NCEMPA with more of its own generating capacity, reducing the amount of capacity the Agency must purchase from CP&L to provide service to its participating cities. Initially, NCEMPA issued S4OO million in bonds on April 1, then closed on 33 per cent of its ultimate owner ship in the units with CP&L. The Agency closed on an additional 16 per cent of its interests on August 31. By April 1983, the Agency plans to close on the remaining 32 per cent of its ownership interests using proceeds from subsequent bond sales. The Agency represents 32 municipal electric systems in Eastern North Carolina including Edenton. Over the next year, NCEMPA plans to issue an estimated $350 million in additional bonds “■and notes to complete its purchase from CP&L. To complete acquisition and construction of all units included in the joint project with CP&L, the agency will issue an estimated total of $2.7 - billion in bonds through 1983. Carolina and even greater deposits of the valuable and strategic mineral may lie in the seabed off the Atlantic coast, according to ECU researchers. First day speakers in clude the committee co - chairmen, Dr. Mark Brinson, ECU biologist who is president of the Sigma Xi chapter, and Dr. Stan Riggs, ECU geologist known in ternationally for world - wide phosphate research. Brinson will* outline purposes of the symposium and Riggs will discuss the geology and origin of the state’s phosphate deposits. Tom Wright of Texasgulf Chemicals Corp., Raleigh, will report on the history of phosphate mining in North Carolina in which Texasgulf has been the pioneer. During the afternoon, Dr. Richard Sheldon of the U.S. Geological Survey will discuss worldwide distribution of phosphates and their impact upon North Carolina and world economics. Dr. Dave Hargis of an Arizona mining con sultant firm will report on relationship of groundwater problems to phosphate mining in North Carolina NOTICE Albemarle Ear, Nose & Throat Surgical Associates Dr. W. N. Crutchfield and Dr. H.J. McDonald, Jr. announce the relocation of their Edenton office to 707 N. Broad Street I (across from old armory) I Effective October 13th I Office appointments made through the Elizabeth City office- Call 335-2923 I I Just I I Reduced! 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X 20 ft. ■ garage and shop area with overhead H ■ I f§ gjgj iMdNfett * doori front porch, yard and aeigh-B H I !Hi H 11 *- bprhood; large den and fireplace; ■ I ™ occupancy in 30 davs. and Don Morrow of Agrico Mining Co., Mulberry, Fla., on mining techniques, waste disposal and mine reclamation. Steve Barnes of First Colony Farms at Roper will open the symposium section on peat October 13 with a report on case histories of peat for energy develop ment. Steve Benton of the N.C. Office of Coastal Management will report on the geologic history of coastal peat deposits and Bancshares Income Is Reported RALEIGH Bancshares of North Carolina, Inc., parent company of Bank of North Carolina, N.A. an nounced income before se curities losses of $1,322,689 (61 cents per share) for the third quarter of 1982, compared to $839,857 (40 cents per share) for the third quarter of 1981, an increase of 57 per cent. Net income for the third quarter of 1982 was $1,322,689 (61 cents per share) and $783,941 (37 cents per share) in 1981. Net in come for the first nine months of 1982 was $3,739,455 ($1.74 per share) Page 9-B Dr. Lee Otte, ECU geologist, on the distribution and quality of peat as an energy resource. Other speakers and topics include John Kamody of Koppers Col, Pittstmrgh, on methanol production from peat; Dr. Wayne Skaggs of N.C. State University on the influence of mining on coastal plain hydrology and Jim Smith of the Office of Coastal Management on North Carollina’s role in peat development. after net securities losses of $181,426 (8 cents per share), compared to net income of $2,342,423 (sl.ll per share) after securities losses of $154,427 (7 cents per share) in the first nine months of 1981. Charles F. Merrill, president and chief executive officer, said that the net income for the nine months ended September 30 exceeds any previous full year net income. He also said that the current year earnings reflect the com plete recovery of the Bank since the mid - 1970’5.