ustxtxb_obs_1985_10_11_50_00013-00000_000.pdf

In a hurry for copies, collating, binding, printing, or word-processing? Call Ginny’s. g Innys ‘ COPYING ER C Austin Lubbock San Marcos r in fact ineffective and, more important, a burden for the businessmen. Securities brokers say companies must now spend too much money getting through the regulatory process before they issue stocks. Having failed in the Senate, though, all was not lost. In August the threemember State Securities Board proposed to change some of the regulatory law through administrative rule change. This made a bit of a stir Brad Wiewel of the Texas Consumer Association said securities deregulation was “the Frankenstein monster of the 1985 legislative session,” and Sen. Grant Jones, DAbilene, frowned upon the administrators treading where the Senate dared not and so the Securities Board refrained from making the change official. The next board meeting is scheduled for October 18, and a decision may be made then. V It comes as no surprise that Lt. Gov. Bill Hobby has decided to run for reelection. He let the news slip at an airport news conference in Sherman, Texas, last month. Hobby, who was first elected in 1972, holds the Texas record for longevity in that office, with twelve years, eight months. V The Austin City Council has scheduled public hearings on the limitedpurpose annexation of 102 square miles for Oct. 17 and Oct. 24. The controversial annexation, covering much of western and southern Travis County, does not require the city to provide urban services. V Squabbling over the terminally divisive immigration bill continues apace. Less than a week after voting 50-48 to table a seasonal workers provision, the Senate reversed itself to allow 350,000 foreigners to enter the country as temporary farm laborers. Now that amendment is under fire, as angry liberal senators proposed yet another amendment that could eliminate it within three years. An Ear to the Ground V The message was clear two years ago. Austin voters in 1983 wanted no part of a lignite-fueled power plant and strip mine in Fayette County. Risks to the environment were far too great. So, this month, an energy task force established last year by the Greater Austin-San Antonio Corridor Council made its recommendation lignite. “Based on the testimony presented it, the task force finds lignite to be environmentally acceptable and the most cost-advantaged central generating option for the corridor. .. .” 1 The Texas Observer is prominently displayed for purchase at these locations: Chameleons 607 Trinity Street Austin Old World Bakery 814 W. 12th Street Austin Watson & Company Books 604 Blanco Street Austin Whole Earth Company 2410 San Antonio Street Austin Whole Earth Company 4006 S. Lamar Blvd. Austin Whole Earth Company 8868 Research Blvd. , Austin Whole Earth Company 105 Boyett College Station Paperbacks y Mas 1819 Blanco Road San Antonio Rosengren’s Books 223 Losoya San Antonio STAY ONE NIGHT AND THE NEXT NIGHT IS HALF-PRICE except Friday & Saturday P.O. Box 8 Port Aransas, TX 78373 L J THE TEXAS OBSERVER 13