| OCR Text |
Show Fnliv.S.T'errt-t-r:- Weather asf Summer Weftesf Ever total A of 9 36 inches of precipitation fell during the past three months at the BYl-Prov- o Weather Station, making this the wettest climato-logicsummer on record Dr. Dale Stevens, professor of geography and weather specialist at Brigham Young University, said Provo had had al inches of precipitation during August to bring the water ear to 30 19 inches already a new record for the 2 55 fourth consecutive year. A normal water year to date (from Oct 1 to Aug 31 is 13 88 inches To date this water year is 218 percent of normal. "The month of August is normally one of our driest months with only .82 inches of Stevens said. precipitation," ' However, this August was 311 of percent The normal.'' Weather Station records for August show BYU-Prov- 13 o days with thunderfive clear days, 17 storms, Central I tah A p .nt . ?' " 2 i.nnt i I sp T au h .'rs ,ir.p l hi b. r.. i ffi i tornado was sighted south of Provo on the evening of the the BY I' 13th, 89 gust of wind. J.J. s jk tt.rw Attorney Rulon T. Burton made a case for using Chapters 11 and 13 of the Bankruptcy Code Thursday at an Orem Chamber of Commerce luncheon. Traditional bankruptcies are filed under Chapter Seven, providing for debts to be paid from auctioning assets. Chapter 11 can be used to either dissolve a business or to restructure it and allows more time than Chapter Seven. Chapter 13 allows for regular payments to be made by the debtor, usually a wage earner. Burton provided a situation in which a company with $100,000 in assets (in this case molds and dies) has about $85,000 in liabilities (trade debts and taxes owed). The company is solvent on a balance sheet, he noted, "but they are insolvent in that they are unable to pay their bills." Burton asked those in attendance if they, as creditors, would be better served if the company registers under Chapter Seven or Chapter 11. The audience selected Chapter Seven, but Burton argued Chapter Seven would require a quick auction of a commodity with a narrow market. The molds and dies would probably bring only a portion of their $100,000 value, he indicated. Since Chapter 11 provides more time, he argued, the dies and Mont i k to&ri V prtibtT 3 : itrtrrr.rtT JLdTY ::.Kr - FAIR v 1. WARM ebruarv Man ri three months continues during September, the area could exceed last year s historical record of 32.31 inches for the water year which ends Sept. 30," Stevens said. "Only 2 14 inches of precipitation is Apru V i i 4 2 ti t i t'O ,i m j 41 I X8 so J 77 '4 U !! sT 4 0: 11 2 oV June Juh 2 Autaist 4 2 55 hu.uth h.iri ka r rv.i1 and Lv t.m,giit in the iii ar ' H !9 30 31 hsn 4s Na'.urddV H.fh Sdturdjv iddi rtn t' GtMre Kdir tun.ht tonight in the high 5i dnd Sdturdv ir: Month 12 Au Hi Lo Month S2 13 y5-- Aug Aug Aug Aug Aug Aug Aug Aiig Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug better chance of bringing full value. Chapter 11 also allows for a company declaring bankruptcy to take advantage of contracts which are yet to materialize, Burton said, thus giving the business z better chance to survive. "Chapter 11 can be a good function for communities," he concluded. Asked about statistics which indicate a low rate of debts being paid under Chapter 11, Burton noted Chapter 11 is a new law. "There are no statistics that are accurate," he said. "The first Chapter 11 case was filed in 1979 or 1980 and it takes three to four to eight years" to close the bankruptcy, he said. Burton aM argued for use of Chapter 13, noting creditors in cases handled by his firm usually end up receiving 100 percent of the debt owed them. There are Chapters One, Three, Five, Seven, Nine, 11 and 13 in the Bankruptcy Code. Seven, 11 and 13 describe types of bankruptcy commonly used. Chapter Nine is for railroad reorganizations, and One, Three and Five define law and terms associated with bankruptcy. The code was written without chapters. Burton, a member of the law firm Burton & Schiess, is author of the books How to Get Out of Debt And Stay Out and the SBS Master Budget System. 58 14 15 16 17 18 19 5 21) 21 4 22 23 3 24 Hi Lo with a dunce ut tjh I'jrtiv h.mer in the north r air trom central to ."Uthern I tah Lows tonight ranging trom the upper 4os in the north to the high 50s in the south High Saturday ranging trom the upper 7us to the mid 90s cliHidv 25 ith Northern Idaho Clearing tonight patthy tog alter midnight hair on Saturday Lows tonight near 4U to near 50 Highs Saturday in the upper 6Us to upper 7us 2t 27 28 29 3U 4 Southwest Idaho Clearing tonight with pauhy tog alter midnight Fair on Saturday Lows tonight in the upper 30s to mid 4os Highs Saturday mostly in the 70s 31 Sept. 1 Sept 2 Sept 3 Sept 4 Sept. 5 Sept 6 1 Weather information courtesy of David James, Provo weather observer. Readings are for the 14 hour period ending at I p m yesterday. Southeast Idaho Clearing tonight with patchy tog Fair on Saturday. Lows tonight near 30 to near 40 Highs Saturday in the mid 60s to mid 70s State Summary By I'nited Press International dropped into the 50s in Temperatures northern I tah this morning while those in southern I tah remained in the 60s. Winds tapered off during the night, with speeds at Wendover clocked at 16 mph at of 5am Shortly before midnight, the winds at Wendover blew at 24 mph As of 5 am. the reporting station with the coldest temperature was Hill Air Force Base with 53 degrees The warmest spot w as Cedar City w ith 64 degrees PARTLY CLOUDY Regional Forecasts By United Press International Central I'tah: Partly cloudy tonight with an isolated shower possible near the mountains. Becoming sunny Saturday. Lows tonight in the mid to upper 40s. Highs in the mid to upper 70s Saturday. Logan: Partly cloudy tonight and Saturday with showers possible near the mountains Clearing Saturday. Low tonight in the low 40s. High Saturday in the low 70s. j;i National Summary j I ri.-.- Haiti. rd tin t qujiiriK i.'r.fX'rtfd H H. ji ri".-drrer rt'jd vititTe thr rljniptfir.. t.iniiird jusi one remrd il direr set in Kansas .ih.iw-th- m I'm r.jiiun I. a dt'ret a l.'W ttot s at Si m.iiu.u iuM.in Hi 7J lnjian.ii.ili ! H.gh Salurdjv M'nt IKdl d.luMiru' Kr trust tndj covered nnHin-Uipjrts ut in.jnd V Kniar.d the ut nurlimeMern l'rnnvUanij and part-- , ut western New Yom Male A miuruphl reading ol 67 tied dnntun New tirlean reiord low tor Sept T. et in 1HW Rewrd lns viere recorded Thursda tnim Sault Ste Mane. Muh to Louisiana Karly morning showers were siattered over eastern South Iiakota. the lower Ohio Vallev and southeastern Honda Ham was scattered over the r'acihc Northwest ferocious winds whipped the Black Hills of South Dakota Thursday, reaching 100 mph at Mount Coohdge lookout near Custer and 75 mph at nearby Belle Kourche V.inds ot 50 to t0 niph in Wyoming downed power lines at Grass Creek inches nl snow on Wyoming reported Beartooth Pass northeast ot Yellowstone National Park, and a park dispatcher said Craig Pass between Old Kaithlul geyser and Grant Village had to be closed late Thursdav because of snow and slush Southerly winds in the Plains were acreadings in Necompanied by braska and Kansas grass fires consumed more than 2 (KJO acres of pasture land in south central Kansas Gusty but less violent winds moved through the upper Mississippi Valley and the central Plains Thursday night, and gale warnings covered the Northern California coast. from Los Angeles cooled off slightly Wednesday's record 105 The Los Angeles Civic Center registered a high of 100 degrees Thursday, while it was nearly 110 across the desert Southwest Cooler temperatures with highs in the 60s were common from the northern Pacific Coast to the Midwest. N I l ..nn tft Mdxr Lh tiir thf djte m-- i in Widprrad in the nuJ needed to set that .rd 4.' j;rb.r.k H. Ul V r ,- M pinr- - i"ti:.'i! St Water Vear lT . SJ $8 2 37 Vpttrr.brr .'.....I. i 1- i i? it: 4 i M (1 ; V cf the past iiiivfcf-nnt' V I cas 1'"' I. us nteies Memphis Miami Beach Miiwauk.1 85 t (to M ti M,n neap, ills New t Iricans New V orK ui 84 W 8y M 93 Oakland ( n3 : IIV in.iuhi.ma City oiiuha Palm Springs Paso HitDles Philadelphia Phoenix Pittsburgh Portland. Me Portland ( ire r 70 47 102 67 tji 67 91 Hapid ( itv Kinl Hi all' Hen Kk hmond 85 Sacramento St Louis Salt Lake City San Ihego San Francisco Seattle Spokane Washington 92 82 84 89 80 65 65 72 & 74 Regional Temperatures Prett By I'nited International Station HIL McCall 56 Ogden Price Pocatello Roosevelt Salt Lake City St. George Wendover 37t 85 48 11 84 56.... t. .... 67 46 89 84 99 88 59 54 09 67 .... .... 53 By I'nited Press International Winds raging to 100 mph whipped across the high Plains, snow fell in Wyoming. Los Angeles cooled off from 105 to a mere 100 degrees, and the Northeast shivered today under record cold. Temperatures dipped to 37 degrees early Steak & Fried Shrimp j 599 1 ' This delicious planer is served nvuri cnoice of baked potato, masbed potatoes, or trench fries choice of soup or dinner salad, our special Sundowners cheese toast, and a large 16-o- z annk INCLUDES SALAD AND LARGE ri a 'j on o'mip sr.i d SPAGHETT MEATBALL GROUND BEEF FISH PLATE DINNER STEAK DINNER $2.69 $3.29 $3.79 CHICKEN FRIED STEAK $3.29 CHILDREN S MENU AVAILABLE J Orem Teacher Receives National Education Award A high school course written by high school guidance counselor and teacher John Hendrix recently received a Meritorious Award from the National University Continuing Education Association. Hendrix wrote the course, "Understanding Taxes," for Brigham Young University's Department of Independent Study. He uses it as part of the career education f. 1L. V """;"' - m km lm gauge to molds would stand a JACXSON t Prove Prrripiutioa mile-per-ho- "If the wet trend ' Uleriuuoiij 4". i A record an . V v. Mlfrdiv 31st. causing Weather Station cool f V - Provo Lawyer Explains Banlcrupcy Code At Chamber Meet By FAIR v. . i? i 13 I y is if Hrtvr i,rrrr: - F2e niperatures Frrt I BHed Hv Hi L 15 '. r in mi; vnthvr Map 1V Tempi Almanac Provo Temperature Herald Staff Writer atinnal Summary ?tterda Prwip Ci Pr:o.l"uh. THK Hr.RALD Report 11 partly rloudy das and nine cloudy das. The average high temperature was 90 9 degrees 'normal is 90 6' while the average low w as 53 9 degrees ' normal is 59 6 '. The high temperature for the month was 100 degrees on the 10th, while the low was 54 degrees on the 2lst and 30th, Stevens said. There was measurable precipitation on 11 davs. Hail fell on the 14th and 14 . "UTAH VALLEY'S DANCE ALTERNATIVE!" I I a STORE HOURS Mon. - Thurs. 11 9:00 PM. SPANISH 985 HAM FRIED STEAK CHICKEN STEAK DINNER DINNER DINNER $3.99 $3.99 $4.99 msintti SIRLOIN BRING THE WHOLE FAMILY j7mMi!l ililut taililjil I r r'T'"iT'si 1 FORK NORTH DRINK 16-o-z. cufts ImJi SmwSHFORI MS NORTH a uixriurr Friday 4 Saturday 11 9:30 pm GRAND OPENING TONIGHT! 9:00 P.M. compliance with tax laws. "Generally, those who enroll in this course are the students who want to enrich their background," Hendrix said. "They're taking it for practical reasons, not just for Free Soft Drinks 21 And Over No Drinking No Smoking 264 North 1 00 West Provo credit." Hendrix has written courses for Independent Study since he received a master's degree in education from BYU in 1969. Open Tuesdoy thru Saturday, 9:00 lo 12:00 p.m. .a gt; :..v.:.r' ;. class he teaches at Mountain View High School. The course is designed to fear of taxes, Hendrix said, by teaching the student to prepare tax returns and to understand the role of taxes in society and the importance of voluntary eli-ina- te Announcing the REOPEIilllG & The New Palace, Dominos Pizza Welcome You Back! K-9- of Hungry for $100? CHINA Four groups will RIDGE SPECIAL LUNCH (5 Hem plate) 11 a.m-4p.- American BREAKFAST J1.99 7 a.m. -- 11 a.m. compete tonight 96 personalities will be present to give away great prizes: semester's books for 2 people records E. 1230 I.D. 3 A . ... The audience is invited fascinating little play to get close enough to each of the individuals to realize that they are characters... The Dance is The Daily Herald a show for everyone. . . Janey Binaris, Daily Universe ACADEMY SQUARE THEATRE 555 North 100 East, Provo $3.00 Students 4.50 General Admission $1! Tickets Available at: Missionary Emporium At the Door N. PROVO Open 7 days a week . tonight For Royal Inn Motel 374-841- Dance is sincere, realistic, and very entertaining. Joseph Walker, The Deseret News at 8 p.m. and more! Show your current student and get in for only The play by Carol Lynn Pearson andJ.A.C.Redford Plays Friday, Saturday & Monday NEW LOCATION 55 in (entries must be made by 10:30 pm tonight) K-- A Musical Laura Jones, a Domino's pizza relay for $100 cash! RESTAURANT on September 6th 6, THE NEW PALACE 501 N. 900 E. 374-927- 2 group rate or other information Please call 226-248- 0 |
