The Aspermont Star (Aspermont, Tex.), Vol. 70, No. 1, Ed. 1 Thursday, August 31, 1967 Page: 4 of 6
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THE AS PER MONT STAR
ASPERMONT, TEXAS THURSDAY AUGUST 31, 1!H>7
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Financial Aid To Students Is
Available From Federal Programs
High school juniors and sen-
iors are reminded that they may
be able to obtain financial help
to go to college tinder one of
four Federally supported pro-
grams.
Dr. C. V. CJalhreath, Director
of Higher Education for Region
VII of the U. S. Department of
Health, Education and Welfare,
urged that seniors' who are plan-
ning to attend college this fall
MONUMENTS &
CURBING
J. 3. SMITH
ROT AN, TEXAS
308 E. 4th St. Ph. 735-3290
and wno r.eed financial assist-
ance to meet educational costs
get in touch immediately with
the financial aid officer at the
college of their choice and ap-
ply for a job, loan, grant or
other assistance for which they
may be eligible.
The four major Federal pro-
grams of financial aid to stu-
dents in any field of study, are:
The National Defuse Student
Loan Prografn. the College
Work-Study Program, the Edu-
cational Opportunity Grants
Program, asd the Guaranteed
Loan Program.
During the 1967-68 academic
year it is expected that these
four programs will assist about
1,175.000 undergsaduate students j
throughout the nation to attend 1
institution.'; of higher education,
WE PUT THE SURE IN
insurance
... With Mortgage Protection
In The Event Of Your Death
It s comforting to be sure that no matter what
happens to you, your family will be able to
keep tlit'ir home! Our life insurance program
provides this assurance,
RALPH RIDDEL
INSURANCE AGENCY
First National Prmk Building
Phone 2711
at a total cost of over $1.1 bil-
lion.
NATIONAL DEFENSE
STUDENT LOAN PROGRAM
"Most colleges and universities
in the United States take part in
the National Defense Student
Loan Program, the oldest major
program of Federally supported
student assistance," Dr. Gal-
breath said.
Under ths program students
borrow directly from their col-
leges. Repayment and interest
do not begin until after the stu-
den has ended his studies^ and
may be extended over a 10-year
period. An undergraduate stu-
dent may borrow up to 81,000
each academic year to a total of
$5,000. Graduate students may
borrow as much as $2,500 per
year to a maximum of $10,000.
There is a special cancellation
provision for student borrowers !
who become teachers.
For the academic year begin-
ning this fall, an estimated 16.-
550 students in Texas, in attend-
ance. will borrow an estimated
$11,600,000.
COLLEGE WORK-STUDY
PROGRAM
The College Work-Study Pro-
gram provides jobs on campus
or off-campus for students who
need employment to help pay
for college expenses. During the
present school year it is estim-
ated that more than 184.000 un-
dergraduate students are em-
ployed in this program, earning
an average total salary of about
$700 a year. During the present
school year an estimated 9,980
students attending 77 colleges ill
Texas were employed in College
Work-Study programs, at an ap-
proximate Federal cost of $6,550,-
000.
EDUCATIONAL OPPORTUNITY
GRANTS
"The Educational Opportunity
Grants," Dr. Galbreath said, "is
a new program that began opera-
tion in the fall of 1966. It is in-
tended for undergraduate stu-
dents in such extreme financial
need that without the grants they
could not attend college."
In its first year of operation
$58 million in Federal grants en-
abled 134,000 students to attend
college. These students, so long
as they remain in good standing,
are eligible to apply for grants
for each year of undergraduate
study. The grants range from
$200 to $800 a year.
During this school year, 5,037
students are attending college in
Texas with the help of Educa-
tional Opportunity Grants.
GUARANTEED LOAN
PROGRAM
The Guaranteed Loan Program,
which began operation in the
summer of 1966 provides a means
for students to borrow directly
from their bank, credit union,
savings and loan association or
other eligible lender. While any
ELLISON'S TEXACO
ASPERMONT
OPEN 24 HOURS A DAY
Firestone Tires — Texaco Batteries
Fram Filters — Havoline Motor Oil
NEW CAR OWNERS
Flit ST OIL CFANGSi
FREE
WITH HAVOLINE MOTOR OIL
Help
With Your
Printing
Office Supplies
Advertising
'he Aspermont Star
Phone 4581
student may borrow the pro#
gram is intended primarily to
ease the heavy burden of edu-
cational costs for middle-income
families. For students whose ad-
justed family income is less than
$15,000 a year the Federal govern-
ment pays the entire interest (6
per cent) during the school years,
and half the interest (3 per cent>
during the repayment period,
which begins when studies are
terminated. The loans are "guar-
anteed" by a State agency, or a
private non-profit agency desig-
nated by the State.
"In spite of Hie 'tight money j
market' which existed as the j
program got underway, and ■
still exists," Dr. Galbreath said, j
"between July 1, 1966, and Feb. >
28, 1967, throughout the nation j
more than 260,000 students bor-
rowed a total of more than $206
million in loans. During this
time, 7,725 students in Texas
borrowed $5,167,290 for their col-
lege expenses."
"A few years ago a college
education was a luxury reserved
for the child of affluent parents
or youngsters with outstanding
scholastic ability or athletic
skills," Dr. Galbreath said, "but
fortunately for our young people
and for our country's future this
situation has changed."
Dr. Galbrbeath urged citizens
throughout Texas to look for
talented young people who may
not know of these opportunities
for higher education and to en-
courage them fo finish high school
and go on to college.
Soil Test for
Fall Seeded Crops
Suggested
College Station — Though it is
dry over much ol the state, farm-
ers should not neglect prepara-
tions for fall seeded crops, in-
cluding soil tests on the acreage
to be seeded.
A good soil sample yields good
soil test recommendations, re-
minds Dr. C. D. Welch, Exten-
sion soil chemist at Texas A&M
University. Welch explains if
the sample is not representative
of the area from which the soil
is taken, the test results can be
misleadingg and inaccurate re-
commendations can result.
By testing now samples will be
dry. information will be available
for fertilizing planned small grain
fields and carryover in the soil of
unused fertilizer due to dry 1967
weather will be reflected in the
test analysis, Welch said. This
last factor could have consider-
able influence on fertilizer and
liming recommendations, the
chemist said.
A soil test measures the rela-
tive available nutrient levels of
the soil and when couples with
the soil type and previous crop
and fertilizer history, makes a
good guide for the profitable use
of commercial fertilizer, Welch
explained.
He said reports from over the
jit ate indicate that despite the
dry growing season in many sec-
tions, fertilized crops produced
,nl'nK 1
considerably greater volume th,J
crops not fertilized accorc
test recommendations.
He noted that in several S(c|
t ion si of the state, county and eVe j
e«\i) J. 'I
areawide soil testing drives
wiijl
soon be geting underway and said
the laboratories were ready ta
handle the influx of samples. ThJ
is normally our slack season, an(j
we can get results back t0 jj,
producers in a minimum amount
of time, he said..
Will be able to handle all your Insurance needs. Specializing in
Mortgage Insurance and Personal Pension accounts.
TRUMAN SHERROD
Phone 2221 Aspermont for Appointment
•>
PUBLIC NOTICE
Proposed CONSTITUTIONAL AMENDMENT
NUMBER SIX ON THE BALLOT
BE IT RESOLVED BY THE
LEGISLATURE OP THE
STATE OF TEXASt
Section 1. That Section 83,
Article XVI, Constitution of
the State of Texas, be amended
to read as follows:
"Section 33. The Accounting
Officers of this State shall
neither draw nor pay a war-
rant upon the Treasury in
favor of any person for salary
or compensation as agent,
officer r appointee, who holds
at the same time any other
office or position of honor,
trust, or profit, under this
State, except as prescribed in
this Constitution. Provided,
that this restriction as to the
drawing and paying of war-
rants upon the Treasury shall
not apply to officers of the
National Guard or Air Na-
tional Guard of Texas, the Na-
tional Guard Reserve, the Air
National Guard Reserve, the
Air Force Reserve, the Of-
ficers Reserve Corps of the
United States, nor to enlisted
men of the National Guard,
the Air National Guard, the
National Guard Reserve, the
Air National Guard Reserve,
the Air Force Reserve, and the
Organized Reserve of the
United States, nor to retired
officers of the United States
Army, Air Force, Navy, and
Marina Corps, and retired
warrant officers and retired
enlisted men of the United
States Army, Air Force, Navy,
and Marine Corps. It is further
provided, until September 1,
1 !)(',<), and thereafter only if
authorized by the Legislature
by general law under such re-
strictions and limitations as
the Legislature may prescribe,
that a non-elective State of-
ficer or employee may hold
other non-elective offices or
positions of honor, trust, or
profit under this State or the
United States, if the other
offics or positions are of
benefit to the State of Texas
or are required by State or
federal law. and there is no
conflict with the original of-
fice or position for which lie
receives salary or compensa-
tion. No member of the Legis-
lature of this State may hold
any other office or position of
profit under this state, or th#
United States."
Sec. 2. The foregoing con-
stitutional amendment shall be
submitted to a vote of the
qualified electors of this, state
at an election to b« held on
November 11, 1967, at which
election all ballots shall have
printed thereon the following:
"FOR the constitutional
amendment allowing non-
elective state officers and
employees to serve in other
non-elective offices or posi-
tions under this stnte or the
United States until'Septem-
lier 1, 1969, and thereafter
only if authorized by the
Legis'ature, if the offices or
positions are of benefit to
Texas or are required In-
state or federal law, anil
there is no conflict of inter-
est with the original office
or position; prohibiting
elected officers under this
state or the United States
from holding any other of-
fice or position under thin
state; and adding members
©f the Air National Guard,
Air National Guard Reserve,
Air Force Reserve, and re-
tired members of the Air
Force to the list of persons
exempted."
"AGAINST the constitution-
al amendment allowing non-
elective state officers and
employees to serve in other
non-elective offices or posi-
tions under this state or the
United States until Septem-
ber 1, 1969, and thereafter
only if authorized by the
Legislature, if'the offices or
positions are of benefit to
Texas or are required by
state or federal law, and
there is no conflict of inter-
est with the original office
or position; prohibiting
elected officers under this
state or the United States
from holding any other of-
fice or position under this
state; and adding members
of the Air National Guard
Air National Guard Resene,
Air Force Reserve, and re-
tired members of the Air
Force to the list of persons
exempted."
PUBLIC NOTICE
Proposed CONSTITUTIONAL AMENDMENT
NUMBER FIVE ON THE BALLOT
BE IT RESOLVED BY THE
LEGISLATURE OF THE
STATE OF TEXAS:
Section 1. That Article III of
the Constitution of Texas be
amended by adding a new sec-
tion thereto to be known as
Section 49-e, as follows:
"Section 49-e. The Parks and
Wildlife Department, or its
successor vested with the
powers, duties, and authority
which deals with the opera-
tion, maintenance, and im-
provement of State Parks, shall
have the authority to provide
for, issue and sell general ob-
ligation bonds of the State of
Texas in an amount not to ex-
eerd Seventy-Five Million Dol-
lars ($75,000,000). The bonds
authorized herein shall be
iallerl "Texas Park Develop-
ment Bonds," shall be executed
in such form, denominations,
and upon such terms as may
ho prescribed by law, provided,
however, that the bonds shall
hear a rate or rates of interest
as may he fixed by the Parks
and Wildlife Department or its
successor, hut the weighted av-
erage annual interest rate, as
that phrase is commonly and
ordinarily used and understood
in the municipal bond market,
of all the bonds issued and sold
in any installment of any bonds,
shall not exceed four and one-
half percent (41 i r/r) interest
per annum; they may be issued
in such installments as said
Parks and Wildlife Depart-
ment, or its said successor,
finds feasible and practical in
accomplishing the purpose set
forth herein.
"All moneys received from
the sale of said bonds shall be
deposited in a fund hereby
created with the State Treas-
urer to he known as the Texas
Park Development Fund to be
administered (without further
appropriation) by the said
Parks and Wildlife Depart-
ment, or its said successor, in
such manner as prescribed by
iaw.
'Such fund sha'l he used hv
-aid Park* and Wildlife De
partnii'iit, or its said successor,
under such provisions as the
Legislature may prescribe by
general law, for the purposes
of acquiring lands from the
United States, or any govern-
mental agency thereof, from
any governmental agency of
the State of Texas, or from
any person, firm, or corpora-
tion, for State Park Sites and
for developing said sites as
State Parks.
"While any of the bonds
authorized by this provision, or
any interest on any such
bonds, is outstanding and un-
paid, there is hereby appro-
priated out of the first moneys
coming into the Treasury in
each fiscal year, not otherwise
appropriated by this Constitu-
tion, an amount which is suf-
ficient to pay the principal and
interest on such bonds that
mature or become due during
such fiscal year, less the
amount in the interest and
sinking fund at the close of the
prior fiscal year, which in-
cludes any receipts derived
during the prior fiscal year by
said Parks and Wildlife De-
partment, or its said successor,
from admission charges to
State Parks, as the Legislature
may prescribe by general law.
"The Legislature may pro-
vide for the investment of
moneys available in the Texas
Park Development Fund and
the interest anil sinking fumi
established for the payment of
bonds issued by said Parks and
Wildlife Department, or its
said successor. Income from
such investment shall be used
tor the purposes prescribed by
the Legislature.
"from the moneys received
by said Parks and Wildlife De-
part me nt, or its said successor,
from the sale of the bonds is-
sued hereunder, there shall be
deposited in the interest and
sinking fund for the honds au-
thorized by thi? section suf-
ficient moneys to pay the in-
terest to become due during
the Stale fiscal year in which
the bonds were issued. After
all bonds have been fully paid
With interest, or after there
are on deposit in the interest
and sinking fund sufficient
moneys to pay all future ma-
turities of principal and in-
terest, additional moneys re-
ceived from admission charges
to State Parks shall be de-
posited to the State Parks
Fund, or any successor fund
which may l>e established by
the Legislature as a depository
for Park revenue earned by
said Parks and Wildlife De-
partment, or its said succes
Sor.
"All bonds issued hereunder
shall after approval by the At-
torney General, registration hv
the Comptroller of Public Ac-
counts of the State of Texas,
and delivery to the purchaser,
be incontestable and shall ciu-
Stitute general obligations of
I he State of Texas under the
Constitution of Texas.
"Should the Legislature n
flct enabling laws in anticipa-
tion of the adoption of this
amendment, such Acts shall
not be void by reason of their
anticipatory nature."
Sec. 2. The foregoing amend
merit to the Constitution shall
he submitted to a vote of the
qualified electors of this State
at an election to be held on
November 11, 1967, at which
election each ballot shall have
printed thereon, the folowir.g
words:
"FOR the amendment to th
Constitution of Texas add
ing a new section to b'
known as Section 4#-e of
Article 111, authorising the
issuance and sale of Seventy-
Five Million Dollars ($"''•
000.000) in bo mis by the
State of Texas to create the
Texas Park Development
Fund to acquire lands for
State Park sites and to de
velop Stale Parks."
"AGAINST the amendment
to the Constitution of Texas
adding a new section to he
known as Section 49-' ef
A-tide III, authorizing th*
issuance and sale of Seven's
Five Million Dollars <$75,-
000.000) in bonds by the
State of Texas to create th*
Texas Park Development
Fund to acquire lanoi fof
Slate Park sites and to de-
velop State Park*."
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The Aspermont Star (Aspermont, Tex.), Vol. 70, No. 1, Ed. 1 Thursday, August 31, 1967, newspaper, August 31, 1967; Aspermont, Texas. (https://texashistory.unt.edu/ark:/67531/metapth127965/m1/4/: accessed May 10, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Stonewall County Library.