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•mm mith this coupon: 3-Pfc. F>sh Dinner l Only $2.49 Each dinner has 3 crispy fish fillets. golden fryes. fresh cole slaw & ' 2 cruhchy hushpuppies. ^ Valid thru: September 18, 1983 4313 WEST ROUTE 120, McHENRY- With this coupon: 2 Fish & Chicken Dinners$3.99 Each dinner has a crispy fish fillet. 2 whitemeat Chicken Planks* golden fryes & fresh cole slaw. Valid thru: September 18, 1983 4313 WEST ROUTE 120, McHENRY^ ̂ McHenry County PAGE If - PLAINDEALER - WEDNESDAY, AUGUST 31, IMS As An Investment WONDER LAKE SKI CLUB WONDER LAKE Anne Sowers 653-9549 The last show of the season to-be put on by the Wonder Lake Water Ski Club will be held at Wonder Woods Beach No. 1 Sunday, Sept. 4, beginning at 2 p.m. This will culminate a great season for the club. Featured in this show will be the strap doubles, three high pyramid, swivel ski, barefooting, and the kite. The following day, Labor Day, Sept. 5, the club will hold tryouts for anyone interested in joining this talented group of performers. They will be held at Hickory Falls Beach No. 3, beginning at 9 a.m. Not only skiing members, but anyone in­ terested in boat driving or an­ nouncing shows is welcome to the tryouts. Applications for tryouts may be obtained at the local market, hard- warde, or from the club president, Caryn Hartmann at 653-3411. They will also be available at the ski sight on the day of tryouts. Social memberships are always encouraged; and Wonder Lake residency is a requirement of the club. WONDER LAKERS RETURN This past week you might have seen a few familiar faces that have not been in the Wonder Lake area for awhile. Returning for their twenty- fifth McHenry High Class Reunion were Jim Bell, Richart (Otto) Hoffman and Carl Walker. Jim Bell is now living in Fenton, MO, and brought along as his date, his sister Carol, who is also living out of state. Jim has three sons, Tony, age 20; Gary, 17; and Patrick, 14. Otto Hoffman is living in Lincoln NB with his wife Pat and their two sons, Keith, age 10; and Kenneth, six. He is an Associate Professor at the University of Nebraska. Carl Walker and his wife Pamela have two children, Jocelyn, age six; and Catherine, four; and they reside in Oakland, CA. Carl received his B.A. from the University of Illinois and his M.B.A. from Columbia University. He also served in the Marines. GOLDEN WEDDING ANNIVERSARY Mitch and Bernice Kottermanski of Wonder Woods will be celebrating their fiftieth wedding anniversary Sept. 2. Their festivities began with a Mass at Christ the King Church Aug. 28, and then two parties; one in Chicago and the other at Wonder Lake. Congratulations to two wonderful people on their very special oc­ casion. BACK TO SCHOOL Have you heard the birds chirping a little more loudly or seen the rabbits stand in the middle of your lawn looking around? They probably can't understand all their quiet surroundings now that the neigh­ borhood kids have left for school. It always seems eerie after the buses pull away and the stillness settles in. For us who have grade school and high school students, we know our homes will come to life again around three o'clock when the buses return, but it's a lonesome time for families of those who have left for college. The Bob Anderson family is left with only Chris at home since Angela is now a student at Southern Illinois. Jim and Sara Hearity will be eating dinners for two since Kelli is a college student in Arizona now. Jim an Jan Jensen also said goodbye to their daughter Cindy, who is attending college in Arizona, also. Joe and Pat Sullivan drove their daughter Janet to Marquette this past week where she will join her brother Joe as a student Now everyone can begin to look Determining the value of farm real estate assets with a professional appraisal can make or save money many times the cost of the ap­ praisal, according to Van A. Bitner, representing The Federal Land jBank of St. Louis. In addition, the appraisal is, in many eases, tax deductible, providing further savings, he adds. There are a number of situations in which an appraisal is a good in­ vestment, continues Bither, in­ cluding: Estate Planning. A major reason behind estate planning is to avoid or minimize estate tax. This tax is based on the fair market value of all properties to be transferred to your heirs. You nOed to know that fair market value as the staring point in determining ways to reduce the tax liability on your estate. An appraisal will provide that starting point. Estate Settlement. The Internal Revenue Service (IRS) "requires a complete inventory of assets of an estate and their value at the time of the owner's death. A professional appraisal can help eliminate problems in establishing values. The appraisal is especially important <when land or personal property must be divided between heirs, and when the estate seeks current (agricultural) use valuation. Transferring Property. An ap­ praisal proves very useful If property is tobe transferred to a corporation, trust, or family members. Current values must be established and documented for tax purposes. If the price appears too forward to Thanksgiving when they'll all be homel SPECIAL DAYS "Happy Birthday" to Sara Hearity, who will be celebrating her special day Sept. l. Nancy Diedrich will be celebrating Labor Day weekend by blowing out candles on her birthday cake on Sept. 3. COMMUNITY EVENTS Sept. 4-Ski Show; Wonder Woods Beach No. 1; 2 p.m Sept. 5-SkiClub Tryouts; 9 a.m.; Hickory Falls Beach No. 3. Sept. 6-Woman's Club Board meeting, 8 p.m. Sept. ll-Grandparents' Day Sept. 13-Back To School Night; Northwood Jr. High; 7 p.m. Sept. 14-Back To School; Night; Marian Central; 7:30 p.m. Sept. 15-Woman's Club Tea; Nativity Lutheran Hall Sept. 24-OtOberfeSst; Christ the King; 6 p.m.-l a.m. Every Thursday-TOPS meeting, 1 p.m.; Christ the King haU. low, the IRS may claim that av taxable gift was made instead Of a bona fide sale. *' Gifting. If the transfer of property is a gift to faintly members, or even a church or charity, the Tax Act of 1961 has set an annual untaxed value limit of 310,000 (120,000 if your spouse joins in) to each individual or entity. An appraisal can establish the value of gifted property, reducing the possibility « an IRS challenge. Partition Of Property. In cases where farm owners have different objectives for their farm in­ vestment, a division of property into equally Valued but separately owned portions is necessary, most times requiring an appraisal to determine the most equitable division. Selling A Farm- If you are plan­ ning to sell your farm, it is vital that you know its current market value. Too high a selling price and the farm remains unsold. Too low and you take an unnecessary loss. Buying A Farm. Relatedly, if you are planning to buy a farm or ad­ ditional property,, an appraisal can prevent you from paying too much for it. It may prove especially useful in negotiating the selling price. Also, an appraisal can allocate specific values to certain assets for depredation purposes. Bay-Sell Agreements. A buy-sell agreement spells out how a part­ nership will be carried on if a part­ ner dies or is forced to withdraw. the must of HOw much partner ̂ other's 1 amount it an appraisal part*; A agreement̂ simili corporation if one si Condemnation. If Some property is to be cond public use, such as for a -- ̂ airport, or if utilities want chase or lease a rigfc through your property, anL can help you get more for fay giving you a basis from which to Collateral. If real estate is to be used as collateral for a loan, most lenders will require an appraisal of the property. You can often save valuable time by having'the ap- when you go see your to of«way t land Analysing Investment. To evaluate your investment from the yearly net Income basis or over the long run, considering both income and appreciation of your farm property, you need an accurate appraisal. Mineral Resources. A professional appraisal can help you determine the value of minerals which are a . part of your farm property. This can be extremely important in negotiating leases for drilling ojr mining operations. Auditions Open College Theatre Season Aug. 31 Auditions for "The Good Doctor", the opening play of McHenry County College Theatre's new season, will be held Wednesday, Aug. 31, from 3 to 6 p.m. and Thursday, Sept. 1, from 4;30 to 6:30 p.m. in the MCC Theatre, room 104 of the Applied Science Building. Five men and four women are needed as cast members. Acting experience and current enrollment as an MCC student are not prerequisite to auditioning for ac­ ting roles or working on production crews. "The Good Doctor", written by popular playwright Neil Simon, also author of "The Odd Couple", is a light-hearted look at turn-of-the- century Russian life achieved through a series of comic vignettes. Copies of the play are available at the circulation desk of MCC's Learning Resource Center. The production is being directed by Debra Woodard, an instructor of speech and theatre at MCC. Due to /• the nature of this play, the rehearsal schedule, not yet determined, will - offer flexibility. Woodard en­ courages anyone interested in acting or technical work to attend auditions. For further information call Debra Woodard or Sherry Engstrom at MCC, 815-455-3700. Area residents are cordially in­ vited to attend the play's auditions. Russian Blue A beautiful dnd aristocratic cat, the Russian Blue is characterized by a shy, retiring nature and by a short, dense, plush fur coat, similar to that of a short-coated beaver. Not quite as sociable as many other tats, the Russian Blue is fond of cold weather and was once the treasured cat of the Russian czars. *§ Our NOW Account Is Better Than MAINTAIN AN AVERAGE CHECKING BALANCE AND PAY NO SERVICE CHARGE WHILE EARNING 5VA%. Most financial institutions base their MOW account service charges on a flat minimum balance figure, but at Marengo Federal we understand that checking account balances fluctuate on a daily basis. We calculate the AVERAGE BALANCE over the month. If your average does not fall below the $400 minimum, there is no service charge. Many of our customers never pay service charges on checking actou t̂s because of this AVERAGE BALANCE policy. If you are presently a monthly service charge because of old-fashioned service charge policies, then call Marengo Federal for more information on our "better than average" NOW account Marengo Federal (S) ffî SAVINGS & LOAN ASSN. 815/568-7258 * O f 18 Cass Woodstock. IL 60098 815/338-2900 V Rt 47 at Calhoun A Woodstock. IL 60098 815/338-7440 _ 4400 Elm Street O McHenry. IL 60050 815/344-1900 O 60 Northwest Hwy Cary. IL 60013 312/639-0222 A 550 Crystal Point Drive 407 Lincoln Avenue O Crystal Lake. IL 60014 Q Fox River Grove. IL 60021 815/455-4300 312/639-2350 XBW yjbodvrtt, u,. (»cu-«os NEW! Seafood Salad Only $2.49 Cool and refreshing, our Seafood Salad is a delicious combination of shrimp, crab meat and whitefish! Served on a fresh bed of lettuce with juicy tomatoes.