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PAGE 4 - PLA1NDEALER • FRIDAY, JANUARY 10, 1101 Htrt Rnd There In Buaintu MeHenry State Annual Meeting Authorize J 00 Percent Capital Stock Dividend Payment The seventy-fifth annual stockholders' meeting of the MeHenry State bank was called to order Jan. 14 by Thomas F. Bolger, with Doris Wagner acting as secretary. The highlight of the meeting came when the stockholders authorized the payment of a 100 percent Capital stock dividend to stockholders of record as of Feb. 10,1961. This will raise the capital of the MeHenry State bank to $3,200,000 with a surplus of $4,000,000. Total capital accounts including undivided profits, are near ten million dollars. Bolger commented that this action was certainly appropriate on the diamond anniversary of the bank. The local bank was established in 1906 and was then known as the West MeHenry State bank. The initial capital was $25,006.NThe present ten million foliar capital account has been attained feriely from retained earnings »• This is important, not only to the stockholders, but to the entire community Bolger said. "It is not only an indication of the strength and stability of the bank, but it raises lour legal loaning limit to over a million dollars. It is also a great tribute to two long-time officers of the bank, the late Gerald J. Carey and Robert L. Weber, who guided the bank through the lean depression years." The stockholders also voted to approve an updated version of the bank bylaws. In his president's report, Bolger told the stockholders that new banking legislation was the mo6t sweeping since the 1930's. He indicated that increased competition would result from the new regulations but he assured those present that the officers and staff were prepared to continue to offer the type of banking service that will enable tne local bank to continue to grow and prosper. He cautioned the stockholders not to believe the stories being circulated in the financial press stating " t h e i n d e p e n d e n t community bank cannot survive the competition of the eighties," Bolger con­ tinued to assure that the well run community bank will be around for a long time because the public wants banking service provided by those who have a personal and financial interest in the community they serve. Executive Vice-President Ormel J. Prust reviewed the year's activity and pointed out that even though the bank'slpftowth was not as spectacular as some previous years, it was still an excellent year. Total resources grew 4.2 percent to an all time year-end high of $133,643,700. Edwin J. Becker, vice- president and cashier, said the almost eight million dollars in interest paid to depositors and nearly two million dollars in salary and employee benefits account for 90 percent of the bank's expense. He said this means almost ten million dollars of the bank's income goes back to the community in the form of interest and employee benefits. Prust also pointed out that profits are down because the bank has always been a consumer oriented bank and was an area lender in home mortgages and consumer loans. These loans are at fixed rates and are often below rates now paid to savers. He said it has always been the bank's philosophy to invest deposits back into the community and he was sure the bank could adjust although high rates ana a slow loan demand could continue to put pressure earnings. Robert B. Schneider/vice- president and trust officer, said that volatile interest rates also cause problems for the Trust department as more and more customers look to the bank for investment service. Vice-Vresident Lenora Frisby, who heads the bank's special service department, told of plans for the coming year to meet the financial needs of the banking public. She said the new automatic teller known as "My Special Banker" would be in operation soon on the south wall of the Gerald J. Cary Building. The stockholders elected the following directors: Esther M. Carey, Thomas F. Bolger, Leonora E. Frisby, Elmer P. Adams, John L. Cowlin, William J. Cowlin, Lorraine Nye, Ormel J. Prust and Francis M. Schmitt. The board of directors met to organize the bank for the year and the following officers were appointed: Esther M. Carey, chairman of the board; Thomas F. Bolger, president; Ormel J. Prust, executive vice-president; Lenora E. Frisby, vice- president and Trust officer; Robert B. Schneider, vice- president and Trust officer; Edwin J. Becker, Jr., vice- president and cashilr; James E. Larkin, vice- president; Ronald J. Vacula, x' vice-president; Richard A. Lane, vice-president; John E. Murphy, vice-president; Donald H. Meyer, assistant vice-president; Lillian E Cairns, assistant vice- Sresident; Donald H. tattles, assistant vice- president; Philip R. Oeffling, loan officer; Fred assistant Wagner, Yvonne cashier; Kolman, officer; assistant Retiree Honore ng C. Kupstis, cashier; Doris assistant cashier; Ryden, assistant Lawrence J. assistant Trust Eloise Freund, Trust officer; Peter J. Keller, auditor and Carol Scholle, assistant auditor Thomas F. Bolger, President of MeHenry State bank Is shown presenting a gold watch to Edna Olson, safe deposit custodian, who retired as of Dec.31 after many years of service to the bank. Ms. Olsen was also feted by fellow employees with cake and coffee and gifts on her last day. Noted Lecturer Speaks For Quality Control Duane Haak Promoted Duane F. Haak of Crystal Lake, formerly of Wonder Lake, has been promoted to d i s t r i c t m a r k e t i n g manager of Curtis Industries, a Congoleum company. Curtis is a m a n u f a c t u r e r a n d ^distributor of hardware cjspecialty items. In his new position Haak will be responsible for the retail sales of 11 area managers in Illinois, Iowa, Indiana and Michigan. Haak joined Curtis Industries in March, 1979, as an area manager and was promoted in April, 1960, to regional personal director. He and his wife, Cheryl, have two sons, Jamie and Aaron. PRESIDENT'S AWARD Illinois Bell was one of three Chicago-area firms to receive the President's award for Energy Efficiency for its efforts to conserve energy in transportation. STOP & SEE FOR HILARY RODENKIRCH PONTIAC SALES MANAGER R t 3 1 a n d R t . 1 2 0 M e H e n r y PRICPS! CADILLAC PONTIAC (815)385-6000 COME TO THE BIOOEST CADILLAC-PONTIAC DEALER IN INE "COUNTY" TECHNICIAN GRADUATE O u t b o a r d M a r i n e corporation has announced that Daniel Umbarger of Hustler Sport Center, Inc., 4016 Crystal Lake road, MeHenry, has graduated a master service technician from the OMC Training center in Waukegan. This is the highest 'level of achievement recognized by OMC in the training of service personnel. The Northeastern Illinois section of the American Society For Quality Control held its monthly meeting Thursday, Jan. 15, at the Carbiolet restaurant Liberty ville. Featured speaker for the evening was announced as Dr. S. G. Huneryager, talking on "Leadership For The 80's: The People Factor". Dr. Huneryager's focus was the New York force of the 80's, its changing values and attitudes and the impact of these changes on managers. Dr. Huneryager, noted international lecturer, author, teacher and business consultant, is considered by many as one of the country's foremost professional speakers on a variety of subjects. Dr. Huneryager is the author of the three well- known books including Hit--- Relations In Management, Management Of The Personnel Function and Human Resources Management. He has published many articles in l e a d i n g p r o f e s s i o n a l journals, ana appeared as a speaker and lecturer on over STEVE BETHEL MANAGER - The appoint, ment of Steve Bethel as key accounts manager, a new position, has been announced by Intermatic, Inc., Spring Grove, manufacturer of automatic timers, heaters and low- voltage lighting. Bethel lives in Cary. MASTER HEATERS, if Heaters«Are like Politicians* 12 Straight Hours of Hot Air!!" RENTAL-SALIS-SIRVICE oxo t ( lLJ U i iE [ [ i ^utn i tuxe J- tcL . (2e.cia.ti2 in cj in -zSof a 'j^ech un<J _rA tc liner i. A 904 Front St. 315-3232 & SALES. INC DAILY 7:30 - * SUNDAYS * • 1 CRYSTAL LAKE 5407 Torra Cotta Ave. (Hwy. 174) 455-3232 WE'RE HA VINO OUR JANUARY CLEARANCE SALE QUEEN SLEEPER CHENILE HERCULON COVER Brown or Mint Green 399 00 SMBY NO PASSES Swr.ng ROBERT F 10GAN • SUSAN DAMANTE SHAW |g • WILLIAM •HVANT - HEATHER HATTRAV - HAM LAASCNsnd GCOMGf IUCK FLOWfM FRI. THRU THUR. 2:30 - 4:15 - 7&2Q (815)344-5400 W - * 4507 W. Highway 1 20 MeHenry Across the s t ree t f rom Dunkm Donu 1 , ^ A MON-THURS 9-6 FRI 9 9 SAT 10-5 SUN CLOSED THE HOUSE THAT GOOD WELLS r BUILT WE SERVICE ALL BRANDS •J«t Pumps •Submersible Pumps •All Typ* of Pump Parts •Coptlv* Air Tanks •Water Fitters •Softners •Hydro-matic Sump Pumps •Well Drilling •Ideal Sump Pumps •Everything Water •Ground Water heat pumps 815-385-5252 3200 N. RICHMOND ROAD (ROUTE 31 NORTH) MCHENRY, ILLINOIS TNI McHEMRY TWIN THEATRES ME OKN DAILY FOR MATINEE PRESENTATIONS SEE LISTMKS FN SH6VTMES SHOWPLACI 1-2-3-4 R T I S 1 4 X 3 1 . C R Y S T A L L A K E 4 5 5 - 1 0 0 5 FRI. MON. THURS. 1:45-4-4:30-9 SAT. I SUN. 4-4:30-9 *1.50 ALL SEATS •1.00 BARGAIN MAT. DAILY TIL 5 PM MOUNTAIN FAMILY ROBINSON o OB. I SIT. 24-7411 . Stt TRHITMR247I A CHANGE OF x SEASONS R , FR1 SAT 24JM&11M SOL 1RRTRR 24JM4S4 NINE TO FIVE Pt nLtUTUHMftteiM SM. INI T1ML 21U1MJM45 ANY WINCH WAY YOU CAN Pt FR fcSAT. 241HJU41M5 SKIM TRR 241SUM* 1 »I.M BARSAM MATMH AT SP M0N TRRt fRI TRi 5 PM »I.S0 BAROAM MATMB AT SP S4-4-S SAT & SMITH 2:30PM SP1 - Rt BAROAM MAT - TMtATKI RBTO AMIS *3.00 YMNt AMRTS (13-10) *3.00, CMLBRKR (11 A SNMR)*1.50 KID'S MATINEE RAGGEDY ANN I ANDY § MUCKY SAT. ft SIM. 145 SNOWPLACE 5 SAT. ft S* 2* •1.00 MATMCS BNTM. 5 pm ' 0SHOWPLACE 5 D O W N T O W N C R Y S T A L L A K E 4 5 5 - 2 0 0 0 «Nf _ RtCHASO WHOM PRYOR STIR /ifl CRAZY ** FWM5-S-1W5 SATI1H&S1M5 SMUTS**! 4,000 executive training programs around the world. His work has been cited in such magazines as Money, Dun's Review andk Newsweek. Newsweek has filmed some of his program material for national T.V. syndication. VANtws Don't let lost documents prevent you from seeking veteran's benefits, the Veteran's Administration today reminded veterans and their dependents. A VA spokesman said, "We have found that some veterans who cannot locate birth or marriage cer­ tificates don't apply for benefits because they believe these documents are essential." VA will accept a certified statement instead of an original birth or marriage certificate when needed to establish eligibility. In the case of a marriage this policy applies only to the first marriage for each partner, and there must be no contradictory in­ formation on file at VA. In years past, VA required formal documentation to support claims for com- snsation and education rnefits for veterans, widows and orphaned children. Now, however, VA will accept a certified statement regarding the birth of a veteran's child or as proof of age and relationship in disability cases, the spokesman said. VA urged veterans and their dependents with eligibility questions to contact the nearest VA regional office or a representative of one of the n a t i o n a l v e t e r a n ' s organizations. per ber O B B B B B B B B B B B Safety Hints , By Jim Edgar „ Secretary of State Snow, ice, freezing tem­ peratures and high winds are trademarks in the Midwest this time of year, of which all of us are painfully awfcre. No one in Illinois |dunderestimate the ice of having a car :k operating properly January and February, ive you had your vehicle "winterized?" I hope you are prepared for highway travel and are ready for any possible emergency. Most motorists now use snow tires and-or chains on their rear wheels.! Snow treads greatly iiitprove general traction, including starting and stopping. Tire chains provide further ef­ fectiveness when ice and snow cover the road. Many hardware stores carry portable chains which can be used ia an emergency. Neither snow tires nor chains, however, will allow you to drive on slick roadways at normal No one expects to be stranded in blizzard con­ ditions, but a good winter driving plan includes carrying a heavy woolen blanket and a few candy bars, in addition to a shovel and a bag of sand or gravel. If you are stranded, stay inside your car and wait for someone to find you. Your car's engine should be run for just short time periods. Open a window just a little, even if it is very cold. Carbon monoxide is dangerous in an idling car. (A copy of the Rules of the Road will be sent to you upon request. Write to Jim Edgar, Secretary " of . State, Springfield, 111. 62756.) EDUCATIONAL SERIES Several new adult educational series have begun at the Ridgefield- Crystal Lake Presbyterian church. They meet each Sunday morning between the two worship services at 9:30 a.m. They will eontinue until Feb. 22. Latin American Focus will study the role of Christianity in Latin America. First Things First is an exploration into personal values. • • * * Culture, when you boil it down, is the act of being unselfish some of the time.' LOSE WEIGHT. Evm whlla enjoying Hirtt MrtitfyiRf meals a day. Begin losing weight immediately with extra-strength toper Odrinex reduc-ribiats and Diet Plsn It takes over e your wiH power leaves off A government panel of medical and sci­ entific experts has reviewed the dim- c«l tests of the extra-strength ingre- dient in Inn Odriaei, and has ttrmad it stfi and effective for appe­ tite control irx) weight loss Try leper oonnoi today water MoetaeOeffleesa.tr, OSrtRll IS the reteaf you want during the pre-menstrual cycle It is a natural water pill and rt, too. is sold with a monev-back guarantee Read and fol­ low all package precautions carefully . So!«*r's Drvf Store 1259 N. Grwwn St. Moy'a Kwxeill L. 4400 W. PI. 120