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