Church-goer
wants to halt
Kiss concert
United Press International
LUBBOCK — A Trinity Church
member, who says music by the rock
group Kiss is “straight out sex with
perversion,” is trying to halt a
scheduled Halloween concert, but is
getting little cooperation from the ci
ty’s youth.
Tickets for the Oct. 31 perform
ance are “very brisk this far in ad
vance, ” an employee at a ticket out
let said. “This show looks like an easy
sell-out, just like the last one.”
But Larry Goff, who says he has
heard from hundreds of parents who
“really seem to be upset,” says his
campaign against the concert will
continue.
“Everyone at the church was
alarmed when they read Kiss was
coming,” Goff said Monday. “The
church community is getting fed up
with these types of bands. ”
Goff said he knows a girl who was
backstage at a previous Kiss per
formance to observe a blood sacrifice
and the group’s request to Satan’s
demons to help them in “getting
their show right.”
A public relations representative
for Kiss in New York said she had not
heard the rumors concerning the
rock group, but added, “It’s all so
ridiculous, I can’t believe it.”
“This has come up before and I’m
sure it will again,” said Julie Steig-
man of The Press Office. “I don’t
know how people will believe some
thing like this without even checking
it out.”
Kiss’ act, which consists of loud
music, extravagant costumes, stage
makeup and a $2 million light and
sound show, is “just an act and a very
successful one,” Steigman said.
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United Press International
HOUSTON — The Federal Deposit Insurance
Corp. doesn’t yet know how broke the American
National Bank was at the time it failed, but says
depositors have nothing to worry about other than
getting used to their bank’s new name — American
Bank.
“Everything has run very smoothly,” cashier and
vice president Arista Burda, one of the new owners,
said Monday when the bank opened under a state
charter and the new name.
Burda said the change did not affect the bank’s
5,100 depositors, whose $12 million in deposits were
protected by the Federal Deposit Insurance Corp.
“The money is still here. It’s just a name change.
Everything is insured and protected and it’s just a
change to a new bank charter,” she said.
Burda said American National Bank, which federal
officials said had suffered from management and un
collected loan problems, was bought at federal auc
tion Friday by a group led by new President David
Wilson.
The bank was declared insolvent and closed by
federal authorities last week.
Estimates were the bank had lost $1.9 million on
roughly 500 loans.
“At the time the bank failed, it was not in the red to
that extent,” an FDIC spokesman said. “We don’t
know just exactly how broke the bank was and we
won’t know until we finish an evaluation.”
Wilson’s group paid $2.8 million, a capital invest
ment figure unrelated to the $12 million in de[
and obtained a state charter during the weekend
Burda said.
“I think they could have received a nationalck
ter if they’d asked for one,” the FDIC spokesman
said. "I think their reserve requirements wouldkf
been a little higher. Perhaps that was the reasontk;
went the state route.”
The FDIC spokesman said the deposits would
continue to be federally insured.
“The deposits are the same as they were on Friday
If anyone has any checks in transit in the cle
system they’ll go right on through and the new ban!
will honor them, the spokesman said.
“The bad assets that we think might give some
trouble are acquired by FDIC. Our liquidators art
going to be here as long as it’s necessary to endeavor
to collect those bad loans. ”
V
The Office of the U.S. Comptroller of the Cur
rency closed the bank, chartered in 1970 as Par
American National Bank and changed in 1977 to
American National Bank, saying the financial institii
tion had struggled with management problemsfron
the beginning.
Gasoline tax increase discussed
Highway fund bolstered
United Press International
AUSTIN — A special state com
mittee Tuesday transferred $31.4
million from the state’s general rev
enue fund to bolster a sagging high
way fund, and two top state leaders
said the tax on gasoline may need to
be increased to bring in additional
revenue for road construction and
maintenance.
Gov. Bill Clements and Lt. Gov.
William P. Hobby, along with a rep-
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resentative of Comptroller Bobt:
lock, agreed to transfer the funi
the highway department in acoi:
ance with a highway construct:
program previously approved byt
Legislature.
But assistant comptroller Role
Spellings noted the $31.4 mil
shortfall in funding for the bight
department resulted from a deck
in state revenue from gasolinetav
and a sharp but temporary decree
in revenue from motor vehicle ret
trations.
Spellings said the state’s revet
from motor vehicle registrations*
about $24 million less than anl
pated in fiscal 1979 because
drivers chose to renew license
for 18 months instead of a si
period when a new staggered
newal plan went into effect
“The other $7 million (d
from motor fuel taxes and that is
direct result of the gasoline short,
last summer and decreased m:
sumption,” Spellings said.
Clements said he is opposed to
increase in the 5-cent per gal
gasoline tax rate, but said he wills
the Legislature in the future tote
the tax on a percentage of tl
gasoline cost rather than on a fee
fee per gallon.
Gasoline prices have tripledsiir:
the last increase in the state
tax.
Asked if the shortage of binds f
highway construction indicated
need for an increase in the gas
tax, Hobby replied, “Yes, I
there is a good case for raisin]
gasoline tax now. Five cents pert
Ion is at least 2 cents lower than!:
other state.”
He said he would have no
tion to Clements’ proposal tote
the gasoline tax on the cost
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