The State Port Pilot
.4
Realtors meet
The Brunswick County Board of
Realtors will meet Tuesday, May 4,
at the Oak Island Golf and Country
Club.
The social hour will be from 5 to 6
p.m. Dinner will be at 6 o’clock
with the meeting to follow.
Guest speaker will be Kay Han
cock of Greensboro, broker/owner
of Kay Hancock Properties/Better
Homes and Gardens and currently
president of the Greensboro
Regional Realtors Association. She
is a candidate for president-elect of
the North Carolina Association of
Realtors for 1994.
She will speak on "What the State
Association Can Do for Small
Boards", and other issues.
SHADID
BEMC recognition
Donna Shadid of Long Beach has
been recognized for ten years of ser
vice by Brunswick Electric Mem
bership Corporation.
She is a service representative in
the Southport-Oak Island District
Office.
Recognized for five years of ser
vice was Sharon King, service rep
resentative, and Tim Tippett, a first
class lineman.
SMART MONEY
Many Hispanics lack high school education
Higher percentages of Hispanics than blacks or whites drop out of
high school, failing to complete the basic education they need to
succeed in the workplace.
40%+
SOURCE: Hispanic magazine
High school
dropout rates
Whites Blacks Hispanics
Copley News Service/Ken Marshall
I
Volunteers recognized i
at convalescent center
Ocean Trail Convalescent Center
recognized the people and organiza
tions who donate their time for a va
riety of group and individualized ac
tivities for residents.
They were recognized at the
seventh annual volunteers banquet
as part of the National Volunteer
Week observance. The theme of the
banquet and the week was
"Volunteer A Chance to Change
Tomorrow".
The activity department, under the
direction of Linda Barr, presented
each volunteer with a certificate of
appreciation.
Table arrangements were donated
by Jean Tolbert of the Flower Patch
and volunteer with the Disabled
American Veterans Auxiliary Cape
Fear Chapter 78. Those attending
the banquet received red heart mag
nets made by residents in the arts
and crafts class. Entertainment was
provided by JoAnn Boles, and the
food was prepared by Wynona
Joyner of the center’s dietary depart
ment.
Anyone or any group interested in
volunteering at Ocean Trail Con
valescent Center can contact Barr or
Alice Williams, assistant director.
CP&L quarterly report
shows same net income
Risk management was topic
Dorothy Essey, Sandra Christenbury and Margaret Rudd attended a risk
management seminar April 21 in Durham.
Oliver Frascona, real estate tax attorney and a member of the Colorado
Association of Realtors, was the speaker and leader of the seminar. His
book, The Paper Trail, is a leading instruction manual on real estate.
Topics covered at the seminar were geared toward liability reduction
techniques. They included multiple listing services, anti-trust issues, fair
housing, ethics and arbitration procedures, liability of directors and agency.
* MEMBER Of THE SCABS FINANCIAL NCTWQWK
Another new listing
6y...
Sue Jones
Southport-Oak Island
Realty
527 HARBOR DRIVE. Unobstructed view. Located across from
Lockwood Folly River. 3 bedroom, 2 bath home in excellent condi
tion. $135,000.
A UEIKROF THE SEARS FWANCN. NETWOHt
Southport-Oak Island
Realty
NIKHmStmt MO Country Chib Dr.
Sodhpoit.N.C LmjBb^HC.
(ns) 457-ctu (luiruni
Congratulations...
JANET HUGGINS
for the sale of a lot
located on
69th Street SE.
Carolina Power & Light Co. has
reported earnings of 57 cents per
share for the first quarter of 1993,
compared to earnings per share of
57 cents for the same period in
1992. Net income for the quarter to
taled $94.0 million, compared to net
income of $94.2 million for the first
quarter of 1992.
Operating revenues for the quarter
totaled $707.5 million, an increase
of 7.5 percent compared to the first
quarter of 1992. The increase in
revenues for the quarter reflects
higher energy sales as a result of
colder weather. Increased revenues
were offset by higher operating and
maintenance expenses.
First Citizens
notes increase
First Citizens BancShares Inc. has
reported increased earnings for the
first quarter of 1993, according to
Lewis R. Holding, chairman of the
board.
Net income for the first quarter to
taled $14.7 million, compared to
$12.4 million earned during the first
quarter of 1992, an increase of 18.1
percent. Per-share income for the
quarter ending March 31,1993, was
$1.53, compared to $1.32 earned per
share in t'. e corresponding period of
1992, an increase of 15.9 percent.
Holding attributed the increase in
first quarter earnings to the growth
in net income, which was up by $5.4
million over the corresponding peri
od of 1992.
4593-2 Long Beach Road SE • Southport, N.C.
Your Local Complete Computer Store
Sales • Service • Installation
Training * Supplies • All Accessories
IBM Compatibles • Networks
457-0222
Mon.-Frl. 9:00 a.m.-5:00 p.m.
Sat. 10:00 a. m.-2:00 p.m.
1-800-382-7867
The End, a unique home furnishing shop in Long
Beach, celebrated its grand opening recently.
Owners Shirley and Carl Turner (second and third
from left) moved to the area from Charlotte and
have gathered pieces of furniture from around the
state. Attending the ribbon cutting ceremony were
(from right) Southport-Oak Island Chamber of
Commerce executive- director Karen Hope; cham
ber president Tony Carroll; Long Beach mayor
Joan Altman; the Turners; and chamber president
elect Gayle Walker.
The chamber report
By Karen S. Hope
Executive Vice-President
(This is a report on the activities
of the Southport-Oak Island Cham
ber of Commerce that appears
weekly in The State Port Pilot.)
The Southport-Oak Island Cham
ber of Commerce, Edna’s Kitchen
and Ocean Crest Motel & Pier
would like to cordially invite cham
ber members and those businesses
who might like to become chamber
members to the Thursday, April 29,
"Business After Hours". The "beach
party" card swap will be at the
Ocean Crest Motel & Pier, located
at 1411 E. Beach Drive, Long
Beach, from 5:30 to 7:30 p.m. It will
be co-hosted by Edna’s Kitchen.
If you have not RSVP’d at 457
6964 we encourage you to do so
today.
For all of you who missed last Fri
day’s grand opening of The End in
Long Beach we encourage you to
stop by this week and check them
out. They have some really unique
merchandise.
Ballots for the 1993-94 chamber
board of directors election were
tallied on Monday. Ten truly
qualified individuals were placed on
this year’s ballot. Of this ten, the top
five vote-getters were elected to the
1993-94 board of directors for three
year terms. Congratulations to
Wayne Berry of Brock, Padgett &
Chandler, CPA; Pat Hughes,
Hughes Gas & Grocery; Margaret
Rudd, Margaret Rudd & Associate,
Inc.; Ken Stewart, Stewart
Hardware; and Bob Uzzell, First
Citizens Bank for being elected as
chamber of commerce directors. We
would like to thank Vicki Bishop,
Sandfiddler Restaurant; Bill Collin,
Dosher Memorial Hospital; Albert
Elrod, Edward E. Jones & Compa
ny; Tom Heller, Heller & Serra at
torneys; and John Ramsey, Coastal
Settings/Carolina Kitchens & Bath
for being in this very close race and
offer our sincere appreciation for
their willingness to serve.
This Saturday, May 1, the new
board members will meet with sea
soned board members at the N. C.
Baptist Assembly for our 1993-94
board planning session. Rex Ham
mond, director at the Wayne County
Chamber of Commerce, will facili
tate the meeting. At the end of the,
day the board of directors will have
planned the program of work for the
TRADE IN YOUR TRAILER
FOR A CUSTOM BUILT HOME
WE BUILD & FINANCE
Your Plan or Ours
100% FINANCING
(on your lot)
NO DOWN PAYMENT
NO CLOSING COST
PAUL GRANT 1-800-331-7053 |
EASTERN BUILDERS, INC. |
upcoming year.
Gayle Walker, 1993-94 chamber
president, has been planning this
retreat since October. This planning
session will enable her board to hit
the program of work running July 1.

Make Your Move!
Planning to buy a home? One question
you may ask is "When can 1 move in?"
That is a good question, but one with a
variety of possible answers.
Real estate purchases are created with a
document called an Agreement of Sale
or Purchase Contract. This document
spells out all items agreed upon by both
buyers and sellers, including such basic
facts as the purchase price, the terms of
payment and the closing date.
The closing date is that day on which
the buyers will transfer funds to the
sellers, and the sellers will deed the
property to the buyers. It is the day the
transaction is concluded.
Another important item included in the
purchase agreement is the "possession”
date, the date when the sellers transfer
physical possession of the property to
the buyers.
Often, that date is tied to the "closing"
date, i.e., "Possession is to be given to
purchasers at closing." Once the buyers
have paid for the home, and have a
deed, it is logical that they should also
be allowed to occupy the home. Never
theless, possession is a negotiated item
in the purchase agreement.
Other dates are sometimes chosen for
possession, i.e.," 14 days after closing",
or "7 days before closing". This ap
proach may be taken to allow the sellers
time to move after the closing, or to
accommodate special needs of the buy
ers to move early.
If any date other than the "closing date"
is chosen for possession, a temporary
occupancy agreement should be at
tached to the purchase agreement. This
document spells out the conditions of
occupancy, any rent to be paid, and the
responsibilities of all parties.
Whether you are the buyer or seller in
the transaction, be certain that the "pos
session date" is spelled out clearly in
the purchase agreement. This will in
sure a smooth transition of the property
for all concerned.
Understanding real estate dilemmas
and their solutions is our business, and
we'll happily share our knowledge with
you. Give us a call at 919-278-3361 or
drop by our office in Long Beach.
WANTED
EMPLOYERS
for the
Summer Youth Employment
& Training Program
The Young Women’s Christian Association
of Wilmington (YWCA) is assigning job
slots for the Job Training Partnership Act
Summer Youth Employment & Training
Program in Brunswick, Columbus, New
Hanover, and Pender counties. If you
are a public or private non-profit agency,
YOU may be eligible for a Summer Youth
Participant. Find out the great benefits
and how you can be involved!
For more information please contact:
Doris.I oseph Boone
V62-7886
YWCA
22 South 17th Street
Wilmington, NC 28401