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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 5, 1986)
tli P w ‘th C((I mmittee ap- ^ 108YMCA will spomr : A Search Jcasting Sai Jblic relaa li Rudder, i ndividualtia re informap 1ATION: .m. for alls ho re Cleani Somerville rough Sunt Friday, September 5, 1986AThe Battalion/Page 9 invited to ': the Mem - izationswi s. -ill sponsor ren fronHl and Foods or more ini; p.m.to/p: burger bash l Tauber, r ep. Mike hi ts at 7 p.m ing. For it-| ice lessons r nvard. i 301 Ruddc will elect c Joe Bob wins back his name DALLAS (AP) — John Bloom, whose rednecked Joe Bob Briggs persona cost him his job as the Dallas Times Herald's drive-in movie columnist, has settled his suit against the newspaper, offi cials said Thursday. Bloom, who has continued writing his “Joe Bob Goes To The Drive-In” column since he re signed last year, filed the $900,000 suit against the newspa per in February to obtain rights to the Joe Bob Briggs name. He claimed the Times Herald and its parent company at the time, Los Angeles-based Times Mirror Co., had used “a series of actions and threats” to prevent him from writing, publishing and speaking about the character or the newspaper. On Thursday, however, Bloom spokeswoman Paula Bowen said the newspaper had agreed to set tle the suit out of court. She said the Times Herald agreed to a cash settlement that she could not disclose and that Bloom can now publish two books that the suit had put on hold — “Joe Bob Goes to the Drive-In” and “A Guide to Western Civiliza tion, or My Story.” Don't forset Grandparents Day! Sunday, Sept. 7. Give a Hallmark card and gift. -—STARSHIP— Manor East Mall 822 2092 Culpepper Plaza 693-3002 )t. 5,6 It eatre THEATRE GUIDE Plilt InformatioiT 846-6 714 ; Cinema III Skaggs Center 846-6714 Aliens (R) 7:00 9:40 rxil oomygratBPl Nothing in Common (PG) 7:30 9:30 Belizare The Cajun (PG) 7:25 9:30 Post Oak III Post Oak Mall 764-0616 Call Battalion Classified 845-2611 un d F$ Judge rules Hunts must file bankruptcy cases in Dallas federal judge Thursday ordered the Hunt broth ers of Texas to take steps to transfer their bankruptcy cases from New Orleans to Dallas. The decision of U.S. District Judge Barefoot Sanders, issued in a written opinion, was a blow to the Texas billionaires whose lawyers had argued they should be allowed to choose the site of their bankruptcy cases. Sanders ordered the Hunts to file a motion for the transfer by noon next Thursday. Hunt attorney Stephen Gordon said it would be up to the court in New Orleans to approve the move to Dallas. He also said the Hunts will appeal Sanders’ order to the 5th U.S. Circuit Court of Appeals. Jerry P. Jones, a lead attorney for the banks, was in a meeting Thurs day but said he was not commenting to the press about the judge’s order, according to his secretary, Dyan Wil son. Placid Oil Co., one of its subsidia ries and a trust of William Herbert Hunt, filed petitions under Chapter 11 of the federal bankruptcy laws last Friday in New Orleans. Lawyers for the Hunts argued Wednesday before Sanders that the companies have a right to have their bankruptcy petitions heard in New Orleans, especially since Louisiana is where most of the assets are. Gordon said Thursday, “That’s where the property lies and it’s very inconve nient and difficult” to bring wit nesses to Dallas. But banks seeking payment of $1.5 billion in debts from the Hunts said the bankruptcies could be han dled more efficiently in Dallas. Hunt, Nelson Bunker Hunt and Lamar Hunt own Placid, one of the world’s largest private oil companies. Earlier, Placid Oil sued 23 banks because they refused to refinance loans to the company, which alleged a conspiracy to destroy Placid and another Hunt company, Penrod Drilling, one of the world’s largest drilling companies. Those same banks want to fore close on millions of dollars worth of property owned by Placid. Placid’s bankruptcy blocked foreclosure. In his 10-page opinion, Sanders said that the largest unsecured cred itors of the Hunt companies are in Texas, while only one of the top 20 creditors is in Louisiana. Midland bank 16th to fail in ’66 MIDLAND (AP) —Western Bank of Midland was closed Thursday be cause of continuing losses from en ergy loans, becoming the I6th bank to fail in Texas this year, officials said. The Federal Deposit Insurance Corporation was named as receiver. Officials said they would attempt to find another bank or other finan cial institution to take over Western’s deposits and its $72.8 million in as sets. Texas Banking Commissioner James L. Sexton said, “A concentra tion in energy-related loans and the bank’s liberal practices in granting that type of credit in the early ’80s created continuing asset, earnings and capital problems for Western Bank. “A remission, of sorts, had been experienced until the recent decline in oil prices gave rise to substantial further losses and a depleted capital structure.” FDIC spokeswoman Julie Amber- son said that the FDIC would act quickly to pay depositors’ insured claims if the agency was unable to find a buyer for the bank. She said there have been 99 bank failures nationwide in 1986. paint service PRESIDENTIAL Quality preparation & _ _ _ rkga painting for those on a budget $259 9 SUPREME Our most popular value $349 95 URETHANE SUPREME High quality look with extended durability $499 95 Free estimates on all bodywork. MAACO Auto Parts & Bodyworks are independent franchises of MAACO Enterprises. Shop Hours: M-F 8am-6pm 1300 South College Ave. (1 Block Behind Gallery Nissan Datsun) 823-3008 — ><•" '-tL T-’ Plug into the 'Published Monday through Friday • Read daily by 45,000 students, faculty St staff 230 Reed McDonald«TAMU*College Station, TX#77843 FREE ALL-U CONCERT PRESENTED BY AND FEATURING 4 HAMS ON RYE AND THE PET PEEVES FRIDAY SEPT. 5 7:00 pm AT THE GROVE —DOOR PRIZES TO BE GIVEN AWAY!— RAIN LOCATION—DEWARE FIELD HOUSE