Newspapers / The News-Journal (Raeford, N.C.) / Jan. 12, 1978, edition 1 / Page 9
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Savings And Loan Elects New Officers Sandhills Schedules A new slate of officers was electw^at Tuesday's meeting of the W shareholders of the Raeford Sav ings and Loan, located on Edin borough Ave. H.L. Gatlin retired from the board after serving 43 years. He had been the board's president since 1962. Both he and Younger Snead, Sr. were named directors emeritus at the meeting. The board elected Sam Morris as its chairman. Dr. Julius Jordan was named vice ? chairman, and Franklin Teal was elected president and secretary - treasurer. Morris had been on the board since 1962 and served as vice - president last year. Dr. Jordan has been on the board since 1966. Teal has served as managing officer and a board member since 1965. In addition to Morris, Dr. Jordan and Teal, seven other members were elected to the board. They were: Fred Culbreth, Tom McBryde, Graham Monroe, Rich ard Neeley. A.G. Bray, Younger Snead, Jr. and Wyatt Upchurch, who replaced Gatlin on the board. Strong savings gains and a high level of mortgage lending activity ^characterized operations of the ? Raeford Savings and Loan during 1977, according to Teal. In a review of 1977 results. Teal said that savings deposits had increased by more than $2 million during 1977 and that total lending amounted to $3,636,000. He said as a result of the growth of savings deposits and mortgage loans, total assets at the end of the year amounted to S 13,832,000. Teal said that the past year had been one of tremendous activity in the residential real estate market and that the recovery in home building had been the main source of strength in the American economy. Looking ahead to 1978, he predicted that the coming year would be a good year, although savings gains are expected to be somewhat smaller than in 1977. "This may mean some tightening in the supply of mortgage funds," he said. "At the same time, the demand for mortgage funds will continue to be strong; quite clearly, most American families are con vinced that a home represents the best 'hedge' against inflation."* l eal said that the association was entering 1978 in a strong financial position. He noted that after interest payments to savers, op erating expenses and taxes, the ? association added $79,681 to reserves in 1977, and the reserves SAVINGS AND LOAN OFFICERS -- New officers were elected at a stockholder's meeting Tuesday of the RaeJ'ord Savings and Loan. At that meeting H.L. Gatlin, who retired from the board, and Younger Snead. Sr. were named directors emeritus. Pictured left to right are: Sam Morris, named chairman of the board; Wyatt Upchurch. elected to the board to replace Gatlin: Franklin Teal, elected president and secretary-treasurer: Dr. Julius Jordan, named vice-chairman: and director emeritus H.L. Gatlin. and capital now total $451,700. The stockholders approved a resolution of appreciation at the Tuesday meeting for the many years of service H.L. Gatlin gave the board. The resolution reads as follows: BE IT RESOLVED: THAT WHEREAS. H.L. GAT LIN, JR. has faithfully served Raeford Savings and Loan Associa tion as Director from 1935 to 1978 and as President from 1962 to 1978; AND WHEREAS, his loyalty, wise counsel, quiet leadership, and helpfulness to the employees and officers of the Association have been of great benefit to this Association; AND WHEREAS, this Associa tion, at its annual 66th meeting of shareholders desires to express its deep and sincere appreciation for the long, devoted, and unselfish service of H.L. Gatlin, Jr. on the occasion of his mandatory re tirement - pursuant to rules and regulations of the Association; he having attained mandatory retire ment age of seventy (70) years, retires today. NOW. THEREFORE. Raeford Savings and Loan Association at this, its 66th annual meeting of shareholders does: 1. Express its gratitude to H.L. Gatlin, Jr. for his loyal and devoted years ot service to this Association. 2. Wish for him continued years of good health, happiness, and prosperity. 3. Orders that this Resolution be made a permanent part of the records of this Association. 4. Orders that a duly executed copy of this Resolution be for warded to H.L. Gatlin, Jr. by the Association. Unanimously adopted at the bbth annual meeting of share holders. this, the I Oth day of January. 1978. Insulation Course Sandhills Community College, in conjunction with Carolina Power and Light Company, will conduct a 12 ? hour course on Energy Conservation to be held at Sandhills Community College. The instruction will begin on Tuesday. Feb. 7, 1978 at 7 p.m. in Room I i 1 of the Administration Building. The content of this course will include (1) evaluation of the insulation quality and quantity of a home. (2) instruction on insulation and how it works, (3) a practical do - it - yourself workshop on improving the insulation quality of a home, and (4) familiarization with different products on the market that provide insulating value to the home owner. This course is not designed to train the student to be an insulation expert, but is intended to acquaint the typical homeowner with insula tion requirements, discuss the economics of insulation, and teach skills needed to make improve ments for yourself, or make intelligent decisions about what products to buy for your home. The course will be taught by representatives of Carolina Power and Light Company who are offering their time as a public service to better inform those people interested about home insulation and energy conservation. There is no fee to enroll in the course, and registration will not be required. Classes will be held on Feb. 7, 14, 21 , 28 from 7 to 10 p.m. in Room 1 1 1 of the Administration Building at Sandhills Community College. If you are interested in the course and have questions, please call Sandhills Community College at 692-6185. This Is The Law A drunken person is liable for damages done to individuals or their property, and suits can be brought by those suffering damages at the hands of a person under the influence of alcohol. Drunken drivers who damage property or inflict bodily injuries to a person, are often sued for damages and ordered to pay com pensation to those suffering the damages. A drunken person is liable for the wrongful destruction of another's property to the same extent if he were sober. Although there are a few excep tions, drunkenness does not relieve one of responsibility of crime. A person can be so drunk he doesn't know what he is doing: yet if the intoxication is voluntary, he is legally responsible for his criminal acts. The most important exception to the general rule is found in those few cases in which the specific intent of the individual committing a crime is significant in deter mining precise guilt or degree of guilt. Among the crimes requiring specific intent are "willfull. deli berate and premeditated" murder in the first degree, burglary, assault with intent to kill, and larcenv. Tole Painting The Division of Continuing Education at Sandhills Community College will offer a course in Decorative ? Tole Painting at the Old County Office Building in Raeford on Wednesdays from I ? 4 p.m. The first class meeting will be on January 1 1 . Mrs. Boots Woodyard from Fayetteville will be the instructor. There will be a S5 registration fee and interested individuals may register at the first class meeting. There will be no charge for those over b5 years of age. * * * I lie Veterans Administration em ploys 3b. (MM) Vietnam-era veterans, more than any other federal agcncv. ?J: INTERESTING | FACTS I Here's quite an oddity. Did :3 vou ever realize that the names :$ ? * g 5S of almost half the states in the g U.S. end with the same letter ? :? ?r Look at all these states that end in "a": Alabama. Alaska. Arizona. California. Florida, Georgia, Indiana. Iowa, Lou- i$ :? isiana. Minnesota. Montana. ^ ?J: Nebraska. Nevada. North ?:?, Carolina. North Dakota. Ok- ^ lahoma. Pennsylvania. South Carolina. South Dakota. Vir ginia and West Virginia. iji; I I' Isn't it odd that there are so $: nianv? ? ? 1 ? , 1: And. here s another inter- ? esting fact. . .vou can depend :::: 8 tt- ? ' ? ?? on efficient. courteous service & at. . . | | dSa/i/: of i| 1 s..S, . i: I I Country Super Market ROCKFISH ROAD AT SCURLOCK SCHOOL Owners & Operators Hervey & Edna Jackson CHOICE BEEF SIRLOIN STEAK lb. 1 69 SWEETHEART LIQUID DETERGENT 32 oz. Bottle 59 ICECREAM BORDEN'S ICE CREAM Vi val* * ooe (square pack) m m 25 LB. BAG SHAWNEE FLOUR 339 VAN CAMPS PORK and BEANS 300 Size Can 3.89 FRESH WHOLE FRYERS CUT UP FRYERS lb. lb. 39* 49* HOMEMADE SAUSAGE BULK LINK 89*. 99' 25 LI. BAG CHATHAM DOG FOOD 2*9 POCAHONTAS FIELD PEAS W/SNAPS 300 Size Can 3*,89< JUMBO ROLL 59' WE SELL HARTNESS CHOICE FEED MOBIL OIL PRODUCTS r HOURS: 7 a.m. til 9 p.m. 6 Days A Week TELEPHONE 875-2881 Save Energy This New Year . . . for the next one Hoke Auto Company is happy to announce the addition of Milt Bullard to their fine sales staff T Come In Soon To Meet Milt And Let Him Show You Our New And Used Cars. Chevrolet Hoke Auto Co 217 N. Moid St. ? 875-3363 Dwriw Ummi Ik. 1 1I)
The News-Journal (Raeford, N.C.)
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Jan. 12, 1978, edition 1
9
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