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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (May 3, 1985)
Friday, May 3, 1985/The Battalion/Page 5 il Press 11()l ‘se gavil ''lay to repeal! Ji bans Sul)! 1 bems, sen! Senate whet! n. Iiin a fewYotJ mate siwnsoil r was 102-Xj! ul House ap! »i a 58-25 vott! lavid Cain's! if Caw in eli! ' I )t evented J Ix’cause of! sale or42sptB (lavs oi'aw! la Falls, said! nit which the! ase is indicatn 101 t.” ■ said Thun! uninit to sign! l )\ the Senate! ha nee toretiJ i concerned,■ ■ l>e no businol individuals i ■ek. ill noidoaDi is h theopponol 's to be togethtl it chance," saii| see the bill, se| ■ what impact I Non-profit group provides services to needy in B-CS ty the meastni tion againsturi (hdes. added on W itees that vcoi vith religioJ By JENS B. KOEPKE Staff Writer An old man is nearly blind and cannot afford -to buy a pair of glasses. Who can he turn to for help in this community? The answer is HOULD-ON, a non-profit organiza tion. I This group is the local chapter of the Texas State Association of Handicapped, Old, Unfortunate, Lonely, Disadvantaged and Older- Needy people. The focal chapter be gan operation in January 1985. ,■ Suzanne Bradfen, HOULD-ON’s ^treasurer, says, “The group is here to help people who are down on their luck and who need a little help getting back on their feet.” HOULD-ON provides a variety of services for the community’s needy, destitute or disabled residents, Bra den says. I The group entertains at nursing homes, supplies clothing and food ■or families in distress, helps poor families pay for medical care and provides transportation for the el derly. In April, the group organized an |Easter-egg hunt for the children at the Sheltering Arms in Bryan, she says. Sheltering Arms is a home for battered wives. Other services have included get ting medicine for a girl with a kidney fdisease and helping a poor mother buy medicine for one of her chil dren, she says. The group is the brain childl of founder and executive director, Wink Lewis. “We strive to make a positive ef fort to help needy people in the ^community,” Lewis says, “And if we can’t get them help, we direct them to an organization that can. “A lot of people need help, but nine out of 10 won’t ask for help be cause they have so much pride,” he says. The organization finds needy people in the community through the help of local churches and hospi tals, Braden says. For example, if a person comes into the hospital suf fering from dehydration and tells the hospital staff that he was just too poor to buy groceries, Braden says, the hospital will contact HOULD- ON and the organization will try to help the person. “Every time we help someone, they tell us about someone else who needs help,” Lewis says. “Since we organized in January it seems like it’s been a never-ending circle,” he added. Funds come from membership dues, fund-raisers and donations, Braden says. To alleviate the finan cial burden, the group often works together with local churches. “We would like to provide more services to the community, but we need more financial support,” she says. The organization is planning a benefit concert by country-and-west- ern star Freddy Fender on Sunday to raise money, she says. A key to the city of Bryan will be presented to Fender by a representative of the mayor’s office and a beauty contest will also be held. “We would like to see the organi zation continue to grow and become more accepted by the community,” Braden says. The group has already provided more than 1,500 hours of volunteer work and hopes to expand into the Brenham area soon, Lewis says. ck ients FALL! wn Gas companies announce merger ation lals 49 39 r>49 Associated Press HOUSTON — InterNorth Inc. and Houston Natural Gas Corp. an nounced Thursday the formation of what could be the first border-to- border, coast-to-coast pipeline sys tem in the United States. The new system would be the na tion’s second-largest gas pipeline op eration, next to Houston-based Ten- neco Inc. The two companies said a subsid iary of Omaha, Neb.-based Inter- North would begin a cash tender of fer of $70 per share for all outstanding common shares of Houston Natural Gas, to be followed by a merger at the same price. The total price for the merger was estimated at about $2.3 billion. The merger also gives InterNorth an option to buy 5.9 million shares of Houston Natural Gas at $70 a share and an option to buy two- thirds of the stock of certain Hous ton Natural Gas’ Texas intrastate pipeline subsidiares, including Houston Pipe Line Co., for $867 million. The merger, approved by direc tors of both companies, was an nounced by Sam F. Segnar, 57, chairman and chief executive officer of InterNorth, and Kenneth L. Lay, 42, chairman and chief executive of ficer of Houston Natural Gas Co. The combined company will oper ate under the name HNG Inter North upon completion of the merger. “We believe that in the economic environment we envision for our in dustry’s future, the strengths to be derived by combining these two companies will produce a company uniquely positioned to serve the shareholders, employees, customers and communities of which we are a part,” Segnar said. Jay Olson, an analyst with Drexel Burnham Lambert in Houston, said InterNorth’s primary motive in ac quiring HNG was a defensive move to prevent a hostile takeover at tempt. Lay doubled the size of the com pany’s pipeline system six months af ter joining Houston gas company. InterNorth has 11,000 employees, with 3,100 in Texas. The company has a pipeline system extending from the Texas Panhandle to the Canadian border. The two companies have few du plicating facilities, but there are overlapping facilities in Texas. In terNorth acquired a 50 percent in terest in a Valero Energy Corp. of San Antonio pipeline system in West Texas. The two companies formed a natural gas marketing company that competes directly with HNG’s Texas intrastate subsidiary, Houston Pipe Line Co. Curt Launer of L.F. Rothschild, Unterber, Towbin in New York, said he estimates the combined compa ny’s operations would generate earnings of $9 a share and cash flow of $25 a share in 1985. First-quarter earnings for 1985 re ported by HNG showed the com pany had net income of $39.4 mil lion and total revenue of $938.7 million. During the first quarter of 1984, the company earned $579.3 million and had net income of $29.6 million. DW -ess PARKWAY CIRCLE apartments If you re going to do something... Do it Very, Very Well. At Parkway Circle Apts, we believe that. 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