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Show WEEKLY REFLEX JOURNAL, JULY 26, 1979 DAVIS NEWS Yard N Cardan CONSOLIDATED REPORT OF CONDITION OF BARNES BANKING COMPANY r of Kaysville, Davis County, Utah 84037 And Foreign and Domestic Subsidiaries, at the close of business JUNE 30, r . 1979, a state banking institution organized and operating under the banking laws of this State and a member of the Federal Reserve System. Published in accordance with a call made by the State Banking Authorities and by the Federal Reserve Bank of this District. Dollar Amounts In Thousands ASSETS Cash and due from banks $4,014 Treasury securities Obligations of other U. S. Government agencies and corporations of States and political subObligations U. S- 2,448 - 1,299 divisions All other securities Federal funds sold and securities purchased ; under agreements to resell ' a. Loans, Total (excluding unearned income) 4,749 60 3,200 - 16,193 .r. : b. Less: Reserve for possible loan losses 180 ! 'c c. Loans, net Lease financing receivables , Bank premises, furniture and fixtures, and ; other assets representing bank premises. . Real estate owned other than bank premises All other assets 16,013 18 TOTAL ASSETS (Sum of items 1 thru 11) ZZZ:. LIABILITIES Demand deposits of individuals, partnerships, 32,129 302 None 26 and corporations Time and savings deposits of individuals, : partnerships, and corporations ! Deposits of United States Government ? Deposits of States and political subdivisions. . All other deposits j Certified and officers checks vTotal Deposits (a) Total deposits : (b) Total time & savings deposits 5 Other Liabilities for borrowed money Mortgage indebtedness Acceptances executed by or for account of this bank and outstanding All None None None None None Other liabilities TOTAL LIABILITIES -- (excluding subordinated notes and z I debentures) ; 28,592 None Subordinated notes and debentures EQUITY CAPITAL None None Preferred stock-totpar value No. shares outstanding 'Common Stock r:(No. shares authorized 21,000) (No. shares outstanding 21,000) al 210 1,790 1,537 ; Surplus (Iridivided profits t TOTAL EQUITY (sum of items 26 CAPITAL thru 3,537 29) AND LIABILITIES TOTAL EQUITY - - CAPITAL - (sum of items 24, 25, and 30) MEMORANDA Amounts outstanding as of report date: r':; Standby letters of credit, total - f Time certificates of deposit in denominations ; r of $100,000 or more - Other time deposits in amounts of $100,000 t rEcor more 30 calendar days ending with rAverage for :.' Err report date: ".Total deposits 32,129 None 3,156 301 29,424 bank ; Ernest R. Little, Cashier; of the above-name- d do hereby declare that this report of condition has been prepared in conformance with the instructions issued by - the Board of Governors of the Federal Reserve System and : the State Banking Authority and is true to the best of my : knowledge and belief. ' : : ERNEST R. LITTLE, Cashier : r We, the undersigned directors, attest the correctness of this report of condition and declare that it has been by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the Board of Governors of the Federal Reserve System and the State Banking Authority and is true and correct. - " ; D. KEITH BARNES - HAROLD J. GAILEY ALLAN B. BLOOD w Directors State of Utah, County of Davis, ss : Sworn to and subscribed before me this 17th day of July, 1979. ANN CONRAD :i : : Notary Public : ; . ' STATE OF UTAH, Department of Financial Institutions C. B. QUINN, Chief Examiner, do hereby certify that the foregoing is a true and correct copy of the statement of the above named bank, filed in this office on JULY 18, l 1979. improper watering or bluegrass billbugs. roots during July and August. A few grubs may be found in the lawns as late as October. After they complete their feeding and development the grubs change to the pupal or resting stage in the DROUGHT SPOTS on lawns are often found near walks, driveways, and curbs where extra heat is absorbed; on slopes where water runs off; and where sprinklers miss due to trees or improper orientation. During a recent visit to an area park I observed sprinkler heads which were tilted, allowing the water to spray high and over the grass around the head. How about your yard: On the typical summer day, lawns use about inch of water per day; more on hot and windy days. This means, that if you have good soil two feet deep and good root system, you should apply two inches of water per watering which will last 6 to 8 days. On our sandy soils, apply lVj inches every 4 to 6 days. Lawns which receive more frequent irrigations tend to have more weeds, one-quart-er problems, and IF YOU have dry spots, place some cans out and actually measure the quantity of water being applied. Just running a sprinkler for a given length of time does not indicate the amount of water being applied. Depending on sprinkler type and water pressure, it may take 15 minutes to 12 hours to apply the two inches needed. You may be greatly surprised at the amount you have been applying! Drought spots do not always recover quickly after watering, it may take weeks. tHE. BLUEGRASS billbug is being found in many Davis -County lawns. The first of damage billbug symptoms are dry, irregular size dead spots appearing in the lawn, usually from early to midclose summer. Upon examination the loose sod can often be rolled back like a carpet and the small white grubs (larvae) can be found Chief Examiner ing the proportion of Utah personal income going for state and local taxes. the private research ;:(! ': I- AND SATURDAY changes." THESE LIMITS will have the effect of gradually reduc- or- Foundation analysts point out that a major problem in implementing the limitation plan will be the difficulty in developing the basic data (such as local population ston which the limitaatics) tion will be based. Responsibility for developing these da!aets with the legislative fiscal analyst, total state and local taxes would have been BY 1976-77- , ANOTHER PROBLEM, according to the Foundation, is with respect to application of the law to local school dis- reduced by $160 million per year, or 19 percent below the amount actually collected. tricts. Because a substantial portion of the total local school tax levy is the 24 mills required for participation in the basic schoirt-progra- Such a reduction would have necessitated much closer scrutiny of spending priori- ties, and some activities and services currently performed probably would have been reduced or eliminated. When the limits become effective, state appropriations will be allowed to rise by not more than 85 percent of the percentage increase in the states personal income. For local units, the increased -- m, rapidlvrising districts-wit- h assessed valuations will be adversely affected by the limitation provisions. In some instances, application of the limitation formula could completely eliminate the capital outlay program of a local district. the main damage is caused by the larvae. The larvae damage the lawn by chewing off the roots just below the ground. The primary damage occurs in early to midsummer. ALTHOUGH THE 1979 Utah Legislature did enact this statutory" measure which places a lid on state spending and local taxes, it did not approve a resolution to limit expenditure increases in Utah by constitutional means. Many tax and expenditure limitation proponents contend that such a constitutional amendment is needed to prevent interest special groups from forcing a breach in established limits. They claim that constitutional limits are necessary to prevent government from share of taking an eyer-largthe total economic pie. er CRITICS, ON the other hand, argue that a constitulimit tional spei jing expresses a basic distrust of represt .itative democracy and tends to destroy the flexibility required by diazinon ticide government to deal with continually changing problems. It therefore becomes difficult to meet sudden emergencies when government spending limits are locked in by a constitutional amendment. THE NEW statutory limitations will become operative in fiscal years after Dec. 31, 1979, for local units of government and after June 30, 1981, for the state of Utah. Thus, the limits will be applied to counties and fiscal units with the 1980-8year budget, and to the state with the 1981-8- 2 fiscal year budget. dont' Irrigate the treated area thoroughly immediately afterij applying the insecticide. Thes, be must insecticide thoroughly washed in to be effective. of the entire lawn is not usually; necessary unless tion from neighboring lawns: has occurred. You may need to encourage your neighbors, to also treat if their lawns are infested. To avoid poisoning, keep,, children and pets off the lawn; until the lawn has been irrigated and the grass . THE UTAH Cooperative' Extension Service, an equal employer;' opportunity provides programs and ser-- . to vices all persons regardless of race, sex, color' ' or national origin. e) Your New York Life Agent in Layton is ROBERT S. GRAFF New York Life Insurance Company 707-24- Lite, : SL th Ogden, 801-621-33- Ut. 84401 00 Heaitn, Disability income, and Group insurance, Annuities, Pension Plan O O Q ' YES, WE DO ALL CARPET & FURNITURE VELVET FURNITURE PHONE 2575 21 7 W. 825-10- 87 BILL LILES - Insured Always Prompt Courteous Service Sate lor all types ol Carpet All Work Guaranteed owner-manag- er FREE ESTIMATES ENJO Y FRESH CLEAN CARPETS along walking sidewalks or driveways. slowry areas because thev show billbug symptoms. 3 July 16, 1979 William Roger and Debra Connett, v N., SDnset, boy When seen, they are usually MEASURE THE area to be treated accurately, and apply j the correct amount. Apply! insecticide evenly and ac-- s cording to label dosage? directions. Dont skip small' CARPET Manuel and Patricia Sepulveda, 42 Layton beetles have two pair of wings, but are poor fliers. (Sprec-tracid- July 17, 1979 Perry Andrew and Ernestina Pederson, 912 N. 2600 W., Clinton, boy Adult billbugs play possum when disturbed but are rarely seen because they hide in the grass and are active mostly at night. The larvae, or grubs as July 18, 1979 they are often called, are to inches long. small They are soft bodied, fleshy, white, legless, humpbacked and possess a distinct brown James Anthony and Margaret Bencina Jr., 461 Bruce No. A, Clearfield, boy Ronald and Erdmute Yochem, 1805 Afton Circle, Layton, girl George Dean and Ronda Jean Hone, 2462 W. 4550 So., Roy, girl St., Jeffrey and Carmalee Mitchell, Apt. 18, Ogden, girl N. head. 630-23- BILLBUGS overwinter as adults in soil, coarse grass, or litter; becoming active as the temperature becomes warm. They can migrate mile or more. Eggs are laid in grass stems from late May until July. After hatching, the grubs feed on stems, then move to soil and feed on crowns and rd July 19, 1979 Carl William and Vivian Shepard Jr., 2306 E. 1200 N., Layton, boy Thomas Marr and Judith Connell, 3176 B. Lexington, Hill AFB, boy Stanford and Jill Cooper, 1884 N. 500 W., Lay-to- n, girl Ride Malfunctions FARMINGTON - A mal- ride at Lagoon Sunday night. BUT WHILE two youngsters on the ride at the time were shaken after their unit returned to the ground no one was injured, said Security and Safety Director Gary Peterson. The drop sustained by the unit was undetermined as of Monday morning but Mr. Peterson said he didn't believe it was any great distance." The incident occurred after one of the hydraulic units malfunctioned affecting one of the ride's helicopters. Others riding in other units V YT were not directly affected because each unit is individually operated, he said. "As soon as we shut the ride off the other (units) gradually came to a rest position. THE RIDE was still closed down Monday, he said, tb There Are There are three kinds of people: those who make things happen, those who watch things happen, and those who have no idea what happened. Wall Street Journal "T1if V, VA Sr "AlHikbitcf Son Frandtcocon I Vj-f- bo found at tb bodutiful n't Cavo in Bountiful " SUPER! SEAFOOD AST, COURTEOUS 4 STEAKS SERVICE 1 W I?. I Mon. thru Sol. Seafood ft1335S.S00 West UOX&SlOAr Bountiful Ptwne2S5-233- 4 f Advertisement SPEAKING OF HONEY THOSE HOME VIDEO RECORDERS By EZRA T. CLARK President Davis County Bank What with the gasoline shortage, many of us will no doubt be spending a lot more time around home. Youll pardon me for suggesting spending money, as well, but many of you have asked about home video recorders. These the are tape cassette machines that solve the problem when two good TV shows are on the air at the same time. . . or when one good movie is being aired when EZRA T. CLARK youre away. Until now, most video tape recorders have been out of sight in $1,000 or more. But with more price g production and competition, has begun. . . bringing sale price tags on some models down to $700 or less. Thats still a lot to pay for a glorified toy. Yet, if youre a you may be willing to buy the extra convenience. There are two basic types of systems. One is the VHS format used by such models as RCA Selectavision, Instant Replay, and Sylvania Panasonic Omnivision. The second is the betaformat used in the Sony Zenith Betatape, and others. Tape cassettes recorded on the VHS format do not play on the betaformat, or vice versa. If youre simply going to record your own TV shows and play them back, theres no problem. But if you should borrow a tape from a friend, it has to be in the same format as that of your recorder. price-cuttin- TV-holi- Bet-ama- c, x, , maximum penetration of the.: p; insecticide into the turf. or carbaryl (Sevin). The diazinon treatment has July 15, 1979 Gary and Shauna Holbrook, 18 W. 500 N., Circle, Layton, girl Mow the lawn and remove the clippings to permit BILLBUG infestations may be controlled with the insec- 1 ! Y ; Kaysvilje, boy Rrxjce tynn ai:Jan1.ct,r6hi 89 W: Gordon, .v.gif '? control. THE MOST successful control is directed at the adult billbug during May to kill the overwintering adults before they have laid their eggs. Unfortunately, we lack the needed research data to tell when this exact time has arrived in this area. Some control can be achieved by treating when the damage is first noted and the grubs are present. However, once the eggs hatch, the larvae move inside the grass stems where they are protected from the sprays and not easily controlled. This explains in part why some efforts at larval control may have been unsuccessful. Another reason for poor larval control in the summer is that insecticides must be watered into the root zone to reach the larvae. with the 1980 calendar year, to municipalities and other local July 13, 1979 Larry and Jill Clements, 4539 So. 1 800 W., Roy, boy the advantage that it win nelp: control other lawn insects. A. few suggestions may help you-- ' be more successful in billbug Damage may be extensive or may appear only in small patches in the lawn. Extensive damage indicates large populations of billbugs have built up over several years. Small areas of damaged lawns will usually restore themselves without replanting. Extensive areas should be replanted or resodded once the pest has been controlled. specified special districts IMIh) HARD-shelle- d STUART CENTER m. I ment for .local population ganization in an analysis of HB 303, which was approved earlier this year. According to the studv, if the limitations had got. . into effect with the 1967-6- 8 fiscal year, cumulative state and local savings in Utah over the following ten years would have amounted to $674 million. Billbugs are beetles. The adult lawn billbugs are from inches long and vary 4 to in color from a dull gray to grayish black with indistinct lighter gray or brown markings. They possess a distinct snout or "bill At tffeM i front of the head .which, dis- -' .i tinquishes them from most other beetles and give them their name. oose ?g,T generation a year. THE ADULTS rip and shred grass stems, however, THIS WAS the conclusion reached by Utah Foundation, functioning hydraulic unit was blamed for operating difficulties on a helicopter 111 LAYTON $ m m FUN STUFF FOR RIDS m P AtID MTFRmY m rj m ftm Thursday, Friday con- ceiling in local taxes will be equal to 90 percent of the increase in per capita personal income with an adjust- A SIDEWALK SALE AT it tember. Under ordinary ditions there is only one Because of tax and expenditure limitation legislation enacted by the. 1979 Utah Legislature, local units of government and the state of Utah will have to undergo considerable budget tightening after this year. in the root zone. THESE soil, later to emerge as adult beetles, in August and Sep- 1 Mew Spending Tax Limits Will Require Tighter Budgets one-fourt- h C. B. QUINN V Area lawns are being plagued with brown spots, most frequently caused by inferior root systems. $21,085 Federal funds purchased and securities sold . under agreements to repurchase : By DAVID E. WHITING disease $7,507 . Dim A video recorder is hooked up to an' ordinary TV set. A switching allows you to watch one' channel while another is being recorded. . . or a timer permits you to set the machine to record a TV pro-- ! gram which will come on the air in! ' your absence. Cassettes for both the VHS and betaformat machines come in several lengths, recording from a half hour of TV time up to three or four hours.. Prices of cassettes range from about. $12 for the shortest lengths to about1 $24 for the longest ones. All tapes may' - be erased and reused. Most recorders also offer a pause button, allowing you,, to skip commercials or any portion of, a program that youd rather not record. Coming on the market soon is? another type of video playback-only!- ? system based on the videodisc. This is5 a phonograph-record-typ- e device that? plays on your TV set which will be marketed by Magnavox and RCAj among the early entries. It enables you to view movies or concerts, or to9 get instructions on improving your2 golf swing or your cooking. 3 Unfortunately, the systems being!: introduced by these two companies: are also not compatible. You cannot: play a videodisc of one company on? the others machine. The Magnavox videodisc player was-fir- st introduced in Atlanta last; December at $695. The RCA player is; expected to retail at about $400 wheh:: it comes on the market early next? year. Magnavox has has been offering; more than 200 discs, about half of? them recent movies, at prices up tort $15.95 each. , Thats the story of the new ways totj squeeze more entertainment or educa-i- l tion out of the TV set at youiS house. . . if youre willing to pay therij rt price. . |