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The Carolina times. (Durham, N.C.) 1919-current, January 30, 1982, Page 8, Image 8

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l-m CAROLINA TIKES SAT., JANUARY 33. 1982 Mutual Savings Molds -Stockholders Meeting$5 , 000 1 n Donations Needed l The Annual Shareholders Meeting of the Mutual Savings and Loan 1 Association as held Tuesday evening, January 12, in the lobby of . the association's building on Parrish Street in Durham. F.V. Allison, Jr., president of Mutual Sav ings reported that savers earned . a record $1,303,304.27 in interest payments last year. Sav ings , now total S 14,898,459.82, a gain of $264,091.89 during 1981 another new high. "But. those record high savings rate payments led to record high mor tgage rates which depressed the local, hous ing industry", Allison said. Allison said that he was "hopeful the decline in interest rates which appeared to be underway in late 198' would make the new year "a time when both the financial and housing markets begin a return to normalcy." Several factors com bined to create a "hopeful mood" about 1982, Allison said, in clude declining interest" rates; the ability of Mutual Savings and Loan Association to ' make- flexible mortgage . portfolio ; earnings and savings s costs; ; the 1 - popularity of the new All Savers certificate; and, the expected popularity of expanded Individual Retirement r Accounts (IRAs). In comparison with a number of savings and loans in Durham, North . Carolina and the nation, and in spite of the infla tionary pressures which ; affect all types of American business, "Mutual Savings ended 1981 in a strong condi tion", Allison reported. "We combined the lim- . nited local lending, due to high interest rates, with government-backed mortgage loans, ' which enabled us to loan $1,014,448.23 for 1981. The association now. has a total of $15,342,943.68 in conventional and. government-backed ' loans, another high for the association", he said. $33,452.91 in profits were added to Mutual Savings reserves bringing the reserve total to $1,780,506.00 at year's end. The institution con-' tinues to maintain high : reserve and liquidity ratios. Vr To Bolster, Energy Fund if 0ft h By Donald Alderman Citing funds-depleted energy . assistance ' pro--; grams and the need for ' the private sector to , assume more; 'social responsibility, Carolina Action urged two of the city's ' more profitable companies to donate $5,000 each' to the Durham v J Emergency Energy "Fund at. a press ; conference Wednesday. organization is asking Duke Power ' Company : and Liggett : & Myers Tobacco Company to facing one of the severest winters in history, as a result,' hundreds of low .income. elderly and working people are suf fering;, they can not af ford to heat" their homes," "a handout states. 4 The community-based likelihood of success considering Duke Power plans to end night bus: service, used mostly by low and moderate ' in come groups, Ms. Nellie Green, another organizer said, "$5,000 is such a small amount consider ing their profits. We group, representing low . don t see how they can and moderate income afford to say no. These families, said, if granted, the donations will aid about ,100 persons in Durham County.v According to the han-, dout, i Crisis Intervene tion, a program that pro lake the lead in 'voIun-vides-Hmmediat"- fuel tarism' in line with the' assistance for emergen-. President's suggestion that businesses con tribute more to social service programs. Ms. Sally Seay, one of six organizers who at tended, said Duke Power had not responded to the request, but L&M of ficials said they would accept a formal, written request. Officials of the two companies ' were not available for comment at press time. "North Carolina is' cies, had Ml, (XX) on December 8 and j, by December 17 the funds had been allocated. The group noted that energy assistance from the state's Low Income Energy Assistance Pro gram will not reach county residents '; until February.' . . -.i The group said over 1,000 persons pet1 month are applying to Opera tion Breakthrough's emergency fuel program. Asked of the people need .assistance and this will help them." '.. Ms. Seay" said other companies will be asked . to follow suit when the 'larger companies make a commitment, ; Duke University, the city's largest employer, was not asked to make an initial commitment. Ms. Seay said the private school has. provided stove wood . to needy families for many years. Carolina Action, an affiliate of the Associa tion of Community Organizations for Reform Now (ACORN), is a statewide organiza tion promoting increased citizen participation in government and business matters. F, V. Allison President ADJACENT TO RTP 3mins. RTP-7mins. Durham 12mins. Duke Century Oaks Apartments IMMEDIATE OCCUPANCY 2. 3 Bedrooms Fireplaces in Townhouset Energy Efficient Up to 2Vk Baths Jogging TraR IB Apt. DwigMd lor ibe Handicapped Draperies ' WasherDryer CoiwKtions Pool t Club House Print PatioBalcony Tot Lois Indoor Handball RacqwtbaH FacBities Model Open Daily "Monday-Friday 9-6 Saturday 12-5 JWIE-CormvarisfU.; . ' Pw5MCCTTodarl i AV 7?' J " tjt - is11 " " iff i 4 STATEMENT OF CONDITION Mutual Savings and Loan Association 1 OfDurham,N.C. As of December, 31st, 1981 ASSETS First Mortgage Loans $15,360,875.00 Other Loans . . Stock in Federal Home Loan Bank Cash and Investments Investment in Service Corp.Subsidiary . . . Fixed Assets (net) . . , , . 1 . . . , . , Other Assets. ; .....r. ' 420,756.00 137,600.00 1,406,899.00 60,933.00' 216,326.00 53,962.00 TOTL ASSETS 1 7,657,35 1 .00 LIABILITIES AND NET WORTH Savings Deposits . . . . ; . : . . . . Loans in Process r ..... Specific Reserves Other Liabilities General Reserves for Losses Undivided Profits 14,898,460,00 217,805.00 3,600.00 . 756,979.00 976,786.00 , . 803,721.00 TOTAL LIABILITIES AND NET WORTH 17,657,351.00 STATE OF NORTH CAROLINA COUNTY OF DURHAM . Josephine S. Strayhorne, Secretary of the above named Association per sonally appeared before me this day and being duly sworn, says that the foregoing statement is true to the best of her knowledge and belief. -. . Josiphme S. Strayhorne '. Secretary Sworn to and subscribed before me, Magnolia P. McMillian, Notary Public. 1986;: ' - .... . OFFICERS AND STAFF J. J. Henderson, Chairman of the Board F. V. Allison, Jr., r tsident William Jones, Vk resident Mrs. Josephine S. Strayhorne vwe President-Secretary Mrs. Annie A. Johnson Controller-Assistant Secretary Mrs. Annie I. Hester -' Mrs. Magnolia P. McMillian Mrs. Esther F. Hinton Miss Aubra L. Daniels Miss Annette D. Scott S - van ciarK, jr. . , -, this 26th day of January, 1982. My Commission Expires April 28, DIRECTORS F. V.' Allison, Jr. - Bert Collins R. E. Dawson J.J.Henderson Ralph A. Hunt William Jones W. J. Kennedy, Jr. Willie C.Lovctt Mrs. Constance M. Watts Herbert E. Weaver Nathaniel B. White DIRECTORS EMERITI H. M. Michaux,Sr. A.TvSpaulding.Sr; , , J.J. Henderson Chairman, Board of Directors For News Service Dial 682-2913 ' -i A (f i f Wm mini Wr"'T-iiiirin xi.' - --, -fiiirM Mrs. Josephine s. Strayhorne Vice President-Secretary Your City Council 69 K Fsbruary 1-12, 1982 oa Of i. I it Tbt Durham CRy Coancl wi bold rogulor Mooting Monday olgM at 7:30 p.m. la tho CRy Council Chambort ol CRy Hal. TM Mootfag it opto to tho pnWIc City Bovorwnont nootinoi icaodulod durlm tho aoxt two wooln to dudo: , FEBRUARY 1,1112 - r y W.J. Kennedy, Jr. Member, Board of Directors Williams J (Continued from Front) earlier conicniion thai matching fibers and animal hair were weak cviacncc against wunams. 3 - t .. u-Mimony last week in volving two hour of scientific charts and analyses significantly ad vanced, (he case against Williams. ' . An FBI fiber cxperl testified that it was mot possible for fibers from Williams' home and per sonal belongings tp be found on the murder vic tims unless they -and Williams had had con tact with each other; An expert also testified that the nature of the fibers and hair would seem to indicate that the victims were . undressed -t when they, came : in contact with the fibers and hair: voice Tor the,. first lime stating that he knew none of the murder vic tims, their families or their associates. r The prosecution plans to use the murders of Payne and Cater, the on- expert ,ly two murders for which Williams1 is officially I j 'j LI 1 icnarceu, io esiaousn a pattern of eight addi tional murders. The plan is to present Williams as one Who cruised through Atlanta s poor neighborhoods for young blacks he first- stabbed or beat to death and , then dumped in. various areas, but when the publicity around the case , . indicated that similar Tibers were being coll eel ed from several bodies, the prosecution V theory is that -Williams began undressing his vic tims and dumping .them into the Chattahoochee River to wash away the On a tape played in' fibers. Also, theprosecu- Court last week,, the tion says that Williams, jurors heard wunams ; began choosing ider victims because younger' children were being kept Off the streets. Judge Clarence Cooper who is presiding in this case has not decid ed whether or not he will permit the prosecution to introduce (he eight addi tional victims in the case, bui the prosecution con tinues to v, eniangle Williams in the apparent conflict ing testimony that he gave to police . when questioned about his reasons for being on . a.m. the morning (May 22. 1981) s'taked-out of ficers heard ihc loud splash. Williams said that hi dumped garbage in the river on his way to' a girlfriend's house, but . a few days !ater Cater's ' body, , the sixth dumped in the river, surfaced. - ' To date, the girlfriend, ; named by Williams as s Ms. ' Sharon Johnson, : has riot been located. - ' 7:30 p.a. 10:00 .. 7:30 p.m. 7:30 p.m. ' . . 9:30 2:30 p.m. 7:00 p.m. 7:30 p.m. 8:30 a.m. 2:19 p.m.' 7:30 p.m. 10:00 a.m. 7:30 p.m. ' ' 10:00 a.m. 0:30 t.m. NOTE: M mootmpi aro Md n tbo CRy Halt, 101 City Had Plaza, onlotf othorwlto molcatod. , Additional mooUoga moy bo tchodiriod aftor tW Hit It aubmtttod tor pubKcation. Froa par king h avallablo dur ing tho Cound Mooting m tho Chopol Hil Stroot Prking Barago. local id acrota Mangum Stroot horn City Han. Tha City Council mootbia 1 wU bo tarrlod Rvo on CA8LEVISI0N CHANNEL 0. , Am Cltlzon wishing to bo hoard on agtnda manors, ploato eaR 683-4166, CRy Clorli'tgfflco, to pbwo your namo on tho speaker's Hat. ' CITY COUNCIL MEETING (CouncR CbamborsI at Floor) TUES0AY, FEBRUARY 2, 1982 PLANNING A Z0NIN8 COMMISSION (Counett Cnambonlat Floor) 3:30 p.m. v CETA ADVISORY COUNCIL (CouncR Commlttoo Room2nd Floor) HUMAN RELATIONS COMMISSION . ' (Council Chamberslst Roar) FINANCE COMMITTEE MEETING ON PROPOSED CIVIC CENTER ,..-,;,'., (HWandalo School Auditorium) ' (Hilandalo Rood) WE0NES0AY, FEBRUARY 3, 1882 COMMUNITY SERVICES COMMITTEE (CouncR Commlttoo THURSDAY, FEBRUARY 4, 1982 FINANCE COMMITTEE CouncR Commlttoo Room2nd Floor) IECREATI0N ADVISORY COMMITTEE (Portonnol BrMbig Room1at Floor) FINANCE COMMITTEE MEETING ON PROPOSED CIVIC CENTER (Club Blvd. Elomontary School Cafeteria, 400 VY. Club Blvd.) FRIDAY, FEBRUARY 8, 1982 ' SUBDIVISION REVIEW BOARD (Intpocttono Conference Room3rd Floor) MONDAY, FEBRUARY 8, 1982 - PUBUC WORKS COMMITTEE EicR CommltlM Room2itd Roar) ! ENS' ADVISORY COMMITTEE oonol Briefing Roomlet Floor) TUESDAY, FEBRUARY 9, 1982 BOARD OF ADJUSTMENT (CouncR Committee Room2nd Rear) -FINANCE COMMITTEE MEETING ON PROPOSED CIVIC CENTER (Faytttvno Stroot School, fiytttrrllle Stroot) ' WEDNESDAY, FEBRUARY 10, 1982 NO MEETINGS THURSDAY, FEBRUARY 11, 1982 COMMITTEE-OF-THE-WHOLE " ' (CouncR Committee Room2nd Row) . FRIDAY, FEBRUARY 12, 1982 SUBDIVISION REVIEW BOARD (Inipoctient Conference Room3rd Floor) I err. 3

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