The Bastrop Advertiser (Bastrop, Tex.), Vol. 140, No. 91, Ed. 1 Thursday, January 13, 1994 Page: 3 of 36
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Thursday, January 13, 1994
THE BASTROP ADVERTISER
Page 3
VA refinances loans
The Department of Veterans
Affairs (VA) is stepping up a
campaign to inform veterans
with high-interest rate VA-guar-
anteed home loans of the cost
benefits of refinancing their
loans.
Secretary of Veterans Affairs
Jesse Brown said, "While we
have been encouraged by the re-
cent wave of loan refinancing,
there are still more than 2.1
million veterans with VA-guar-
anteed loans at interest rates
ranging from 8.5 to 17.5 per-
cent. Home mortgage interest
rates are at their lowest levels in
more than 20 years. We are en-
couraging veterans to refinance
their loans and realize substan-
tial savings, at the same time
giving a boost to the economy."
VA is contacting veterans
with these high-interest rate
loans to inform them of VA's
streamlines program for con-
verting VA-guaranteed loans to
new ones at lower interest rates
at little or no cost, even if the
veteran does not live in the
house.
VA's Interest Rate Reduction
Refinancing Loan (IRRRL)
program allows a veteran with
an outstanding VA-guaranteed
loan to obtain a new loan at a
lower interest rate by using the
same entitlement the veteran
previously used to buy the
home.
An IRRRL is used strictly to
reduce the rate and generally re-
quires no property appraisal or
credit underwriting. While some
lenders may require both, all
costs in connection with an IR-
RRL can be included in the
amount refinanced.
An example of the effect of
reducing a current loan with a
10 percent interest rate to 7 per-
cent is to reduce by $191 the
monthly payment on a $90,000
loan balance.
Veterans interested in refi-
nancing their loan should con-
tact a lender. Veteran home-
owners who have difficult lo-
cating a lender who offers VA-
guaranteed loans should call VA
at 1-800-827-1000 for addi-
tional information, including a
list of lenders who offer IR-
RRLs and those that do not re-
quire an appraisal or credit
check for these loans.
D-Day commemoration honors WWII veterans
The Department of Veterans
Affairs (VA) and the Depart-
ment of Defense (DOD) will be
issuing identification badges to
World War II veterans on re-
quest. who plan to attend U.S.-
sponsored events in June com-
memorating the D-Day invasion
of Normandy. F|juice.
A joint VA-DOD working
group will issue the badges to
World War II veterans from De-
cember 1993 through April
1994. The badges will be issued
only to veterans and will cover
immediate family members
planning to attend one or more
of the following ceremonies:
June 5: Airborne Ceremony,
St. Mere Eglise
June 6: U.S. Army Ranger,
Assault, Point Du Hoc; Utah
Beach Commemoration. Utah
Beach. Normandy; Onlaha
Beach Commemoration. Omaha
Beach. Normandy; U.S. Na-
tional Ceremony, U.S. Ceme-
tery, Colleville Sur Mer
Applications for the free
badges are available by writing
to World War II Commemora-
tion Committee, ATTN: Vet-
eran Identification - Program,
5001 Eisenhower Avenue,
Alexandria, VA 22333.
World War II veterans will
be asked to provide rank at-the
time of D-Day, former unit or
ship designation, the veteran's
tour group or association they
are traveling with, passport
numbers of family members ac-
companying them, and the
events they wish to attend.
Veterans will be asked to re-
turn the completed application
with a' copy of the veteran's
World War II service discharge
papers (WD Form A-60, DD
Form 214, or equivalent), or a
statement why the document is
unavailable. In the event the
veteran is deceased, family
members may apply using the
same documentation. Only one
badge per qualifying family will
be issued.
The badges are for identifi-
cation and are not tickets to the
events, nor will they quarantee
preferred or reserved seating.
Viewing space at the events is
on a first-come-first-served ba-
sis.
The badges are intended to
give World War II veterans pri-
ority for available space and to
assist veterans and accompany-
ing family members through se-
curity.
The badges will not provide -
transportation or lodging. Travel
costs to the D-Day commemo-
rative events are the responsi-
bility of veterans or their fami-
lies.
Badges will be issued only by
the joint DOD-VA working
group. World War II veterans
are asKed to apply for a badge
whether they are traveling with
a group or independently. _.
Veteran service organization
and tour groups are encouraged
to assist the DOD Commemo-
ration Committee by providing
it with updates on all planned
participation in the U.S.-spon-
sored commemorative events
and to assist members of their
tour groups in obtaining appli-
cations for the badges.
For more information re-
garding the Veteran Identifica-
tion Program, contact Lt. Col.
Alfred D. Lott or Staff Sgt. Jeff
Fry, DOD 50th Anniversary of
World War II Commemoration
Committee, (703) 692-
2096/2111.
Burger & Tots
Sonic Old-Fashioned Burger
& Order of Tater Tots
r$J99
WL ' M PLUS TAX
Railroad Commission inspects Upper Colorado
The Railroad Commission's
recent month-long inspection
sweep of oilfield activity along
the Upper Colorado River basin
uncovered pollution-related
problems, according to Chair-
man James E. (Jim) Nugent and
Commissioners Mary Scott
Nabers and Barry Williamson.
The sweep covered a one-
mile wide area on either side of
the river between the corner of
McCullough, San Saba and
Brown counties near Winchell,
and the headwaters of the Col-
orado River ?n Dawson County
near Lames a. Results of the
sweep are being provided to the
Lower Colorado River Author-
ity, the Upper Colorado River
Authority, and The Colorado
River Municipal Water District
to assist their efforts in identi-
fying potential pollution threats.
Altogether, field inspectors
from The Commission's San
Angelo, Abilene, Midland,
Lubbock and Wichita Falls dis-
trict offices covered 11,356
miles by air and ground, logging
1,045 hours during the course of
inspecting 2,658 wells on 604
leases along the Upper Colorado
River.
They found a total of 106
wells that were inactive and un-
plugged, but posed no immedi-
ate pollution threat, and discov-
ered 41 open pits which had not
been backfilled as required by
Commission rules.
In addition, inspectors identi-
fied eighty-one open top tanks
greater than 8-feet in diameter
which were not netted, covered
FIRE D|AL
POLICE ,
E.M.S. 9*1*1
or otherwise rendered harmless
to migratory birds.
Aided by the use of Depart-
ment of Public Safety heli-
copters ferrying two inspection
teams on aerial surveillance
missions along the north and
south banks of the river, Rail-
road Commission inspectors
pinpointed 29 oilfield sites
which could be contributing to
pollution, most of which were
immediately corrected. Prob-
lems ranged from the overflow
of an estimated 10 barrels of
saltwater from a lease tank in
Scurry County, to an eight-bar-
rel crude oil spill in Mitchell
County.
Other infractions detected as
a result of the sweep included:
118 wells and/or leases in which
proper identifying signs were
not posted; seven instances of
oil pollution, resulting from oil
leaking from wells; seven cases
of inadequate firewalls sur-
rounding tank batteries on vari-
ous leases; five instances of
failure to post hydrogen sulfide
warning signs as required; one
case of a well operating without
a proper control valve; and one
instance of junk left on location
at a well site.
All operators have been noti-
fied of the violations and have
been directed to correct them.
Follow-up inspections are now
being conducted by personnel
from the Commission's Lubbock
District office. Operators who
fail to comply will be subject to
legal enforcement action by the
Commission, which may in-
clude assessing administrative
penalties.
The Commission's inspection
sweep program, which features
intensive inspections Of partic-
ular oilfield operations in spe-
cific areas, augments the
agency's regular inspection pro-
gram.
The Railroad Commission
praised both the Lower Col-
orado River Authority and the
Colorado River Municipal Wa-
ter District for contributing a
total of $7,500 in funding for
the Upper Colorado River
Sweep.
OFFER GOOD JANUARY I THRU JANUARY 31. 1994.
NO. 1 OR NO. 2 STYLE SINGLE PATTY BURGERS ONLY.
103 Perkins * .
321-4455 (
OlfMyMCNDUSTBBK.
If You
Lost
Your
Home To
Fire...
Would your present
Homeowners Insurance
cover the loss?
Competitive rates on home, fire,
farm and ranch.
Ct aunders
^insurance
■ Agency. Inc.
f\ 305 Main Street
(512) 237-2565
Smithville. Texas 7895?
FAX 237-3294
It's a Commitment
tc cur Future!
Keep Your Dollars
Working At Home!
Z*
.lit
CHAMBER OF COMMERCE
y\AaH-m i_u+Ke^ King's 13iH-kday
jfanuar y 17/ 199^
T"irst /\Jational Bank invites you to attend
and participate in tKe following holiday
activities on AMonday, ^aniAaty 17:
Bastrop County Martin Luther King, Jr.
Commission Walk
which begins at 10:00 am
at Martin Luther King Community Park in
Smithville
County-Wide Bell Ringing
beginning at 12 noon
which coincides with
International Celebration
Martin Luther King Tribute
with participants from
Bastrop, Smithville & Elgin
at Mount Pilgrim Baptist Church
in Smithville at 10:30
Martin Luther King Scholarship
* Program at
Good Shepherd Lutheran Church
in Bastrop at 7:00 pm
For more information call
Clinton Wright 237-2365
or
Dock Jackson 303-7122
or Clarence Culberson 360-2753
REALIZING THE DREAM
As a nation we've come a long way in recognizing the dignity and civil rights of
each and every individual.
We owe that progress in large part to Dr. Martin Luther King, Jr. His wisdom,
vision, and faith touched all our lives, and continues to do so in countless ways.
But there's still much progress to be made before the dream is fully realized. As
we celebrate his birth, we renew our pledge to work toward the goal.
BASTROP © TEXAS Q PROUD
321-2561 Of 303-1003 Home Loans
Member FDIC Home Improvement Loans
l Personal and Auto Loans lTnder
1ST
FIRST
NATIONAL BANK
OF BASTROP, TEXAS
The pioneer bank of Bastrop County-independent and home-owned
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McAuley, Davis. The Bastrop Advertiser (Bastrop, Tex.), Vol. 140, No. 91, Ed. 1 Thursday, January 13, 1994, newspaper, January 13, 1994; Bastrop, Texas. (https://texashistory.unt.edu/ark:/67531/metapth409785/m1/3/?q=Lamar+University: accessed June 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Bastrop Public Library.