Reno Gazette-Journal from Reno, Nevada • Page 5

Reno Evening Gazette Monday, April 1, 1974 5, King's Inn reaches eight-story mark Sylvia Porter MEM QDEHFDGBE was done by Ed Kenney, A.I.B.D., Associates of Sparks. The construction is being done by Brunzel Construction Co. The hotel development and financing are negotiated by William T. Brennan on behalf of the owners. FOR APPOINTMENT Trusts not just for use of super-rich en if same good neighbor.

Here's my new State Farm office, where I can serve you with the best value in car, home, life and health insurance. I invite you to call or drop in any time. HARVEY N.ROSEC.L.U. 1 1 75 West Moona Lane 826-4436 (Just West of Moana West) It's as high as it's going to Motor Hotel Casino at ISOIJ get. West in Reno was held The traditional topping off Friday, ceremony for the King's Inn The eight-story building TraveLodge plans Sparks highrise A 12-story TraveLodge is planned in Sparks at 15 Street near 22nd Street and Prater Way.

Roger Manfred, TraveLodge International. president and chief executive officer, said it will be the firm's first highrise in the Reno-Tahoe area. The motor lodge will have 150 rooms with private balconies, a restaurant and lounge, meeting and banquet rooms, and convention facilities for up to (ion people. A beauty salon and barber shop will also be included. ere Hooper.

TraveLodge vice president-finance the facility will be a franchise operation owned by Central Properties. Inc. of Sparks. The company officers are Lloyd B. Austin.

D.D.S., president; Leandro Tomaso, director; and Anthony Cordi, business representative and project coordinator. Dr. Austin, chairman of the Regional Planning Commission, has specialized in pedodonlics in Sparks since 11. Tomaso. a resident of Nevada for 15 years, formerly owned and operated a convalescent home for the aged.

He has been engaged in industrial and commercial real estate investments in the community. Walter S. Fullerton, AlA, chief architect for the Reno firm. Walter S. Fullerton Associates, designed the complex.

Cordi says construction will start within the year. TraveLodge International currently has more than 4(i0 motels and motor hotels totaling nearly rooms throughout the United States, Canada and Mexico. It is associated with Trust Houses Forte. Limited of London. England, one of the world's largest hotel and catering groups.

329-3325 PERMANENT complete with set, shampoo and hair cut included PARK LANE BEAUTY SHOP Frl. 'il wed.sal. til Park Lane Ceatr Lower Mill 50 IIITI INtUIANCI will have 167 rooms. The inn is expected to open July 1, A member of the Best Western National Hotel-motel organization, it will have two below-ground decks of parking, a swimming pool, and convention and banquet facilities. The total cost upon completion, including a casino, will be $6.5 million.

There will be a restaurant, coffee shop, show lounge and show bar, and an additional bar. The owners are Col. and Mrs. Matthew E. Chotas, Mr.

and Mrs. Joseph Fischer, and Mr. and Mrs. "Bob" Scoggin, doing business as C.F.S., Inc. The casino applicants are Mr.

and Mrs. Harold Spivock, Monroe Spivock, Mr. and Mrs. Marshall Davis, Mr. and Mrs.

Val Ruggiero and others. Architecture and engineering for the building GINGER LEE'S WIGS 1 WEEK ONLY WIOLETS CLEANED STYLED $1.00 CASCADES CLEANED STYLED $1.50 HON. CENTER 329-8551 Roofing Siding proudly announces our all new Country Oak aluminum siding. Make your home new and maintenance free with a 20 year written guarantee. Don't paint your problems, eliminate them cut fuel costs warmer in winter cooler in summer.

Relax and have one on the house. Serving Nevada since 1958. Did we hear your ring? CALL 329-9818 FOR FREE ESTIMATES 1190 TEtECROPH, SPARKS WE'VE Reno minorities issue solidarity statement who have been willing to help them in their efforts to help the Latin community, "and we will continue to do so." "This community has been fortunate that there has never been any conflicts between minority groups," Mrs. Woodard said. If you really want your new home, have it built now! Costs keep climbing.

The home you want will cost more later. No mortgage shortage at CAPP HOMES. We have our own resources and our own mortgage plans low down payment, competitive interest rates and the option to postpone your first payment till five months after delivery! Get the whole story in our FREE 1974 Idea Book. Send for it today. Your CAPP HOMES Representative is: First of four columns It is hard to believe that trusts are not just for the exclusive use of the super-rich.

When a trust was set up for Tricia Nixon Cox several years ago, for instance, the generous giver was a super-superrich friend of her father, President Nixon. Whenever you see articles discussing trusts or listing their tax-saving advantages, they're always loaded with illustrations of how they have been put to work by people in the very-upper income brackets to benefit their own very-upper income relatives. But the fact is that if you earn $10,000 or more, the odds are you, took can make use of one or several types of trusts to keep more of your own earned dollars in the family and away from the tax collector. "Few things the genius of man has developed in his handling of money have been more useful than trusts," said Ferd Nauheim, a Washington-based specialist in tax-saving investment ideas for individuals and author of "Build Family Finances Reduce Risks Taxes." (Acropolis Books Ltd. $2.95.) "And it can be a valuable financial tool for people of moderate means as well as for the wealthy if only they would realize it." PROFIT You could, as an illustration, use a trust as a way of reducing your personal taxes, as a source of profit, as a source of extra income, as a timing device, as a protective device, as a fine convenience, as an instrument for helping others, your family or favorite charity.

Take a simple, extremely common example: John Doe wrote a will, in which he said that following his death he wanted a certain portion of his money invested by a specified friend of his and that his friend was to see to it that Mrs. John Doe got all the income from the investment. At his wife's death, the friend was to turn over all the investments and any cash to the John Doe children. The instructions above describe a trust. That's the Public Service Announcements April 1-5 it Free hearing tests for 4 year olds.

(Call 825-1 192 for appointment at your nearest clinic). ir Young Audiences week, thru April 6th. (Contribute to) Easter Seals-win a free resort trip. Mall, April 6th. ACFA Cat Show, Fairgrounds, April 6-7th.

PARK LANE Larry Lewis 5290 Fenno Way Reno, NV 89502 702747-T0T3 Homes r. i "DO YOURSELF A FAVOR" Buy some silver for the New Year. CARLINO SILVER 1817 E. Charleston IAS VEGAS (702) 382-1469 rn- ado unucc nan( P. O.

Box Elk Grove, Calif. 95624 Please rush me your no cost or obligation. City State. Phone -)- We own a building lot in We can get a building lot in Mkv a Division OP products company I I TH BUILDina products compttnY body of any trust written instructions concerning how money or property is to be handled or, in dictionary words, "a trust is a property interest held by one person for the benefit of another person." In this basic example, the friend Doe put in charge is called the trustee. Now consider what this popular, easily adopted trust accomplished: (1) It eventually saved a lot of taxes.

If there had been no trust, all of John Doe's money probably would have gone to his wife Jane. Since Doe was a man of modest means, there would have been little or no tax on the money passing to his widow, but when she died ahd the money went to the Doe children, the tax could be immense. The trust eliminated the big drain on the children's inheritance. Through use of the trust, Jane Doe enjoyed all the income from the money as long as she lived, but the money belonged to the children. NOT TAXED (2) Because the money did belong to the children, when Jane Doe died, the property in the trust was not taxed and what could have been a crippling tax blow was averted.

(3) The trust also prevented Jane Doe from seriously undercutting her security and that of the children by mishandling of the money. The trust put the money beyond Jane Doe's inexperienced hands. She could not change the instructions, the terms of the trust. She could do nothing except receive the income. COMPLICATED Some trusts are as simple as this example, while others can be extremely complicated, and go on for page after page of highly technical language written by lawyers who specialize in the writing of such documents and who outline precisely the instructions to be followed in various contingencies.

No matter how simple your trust, you must use the services of a lawyer for the lawyer's knowledge of how it should be worded, what the Internal Revenue Service does and does not permit and his familiarity with all your state's laws. Many lawyers will prepare a simple trust for as little as $100 to $150. Whether elementary or complicated, though, a trust is fundamentally a way of conveying property or the earnings of property from one person to another or to several other persons. You, as the person who creates the trust, can fashion it in just about any way that serves you and your loved ones best. Tuesday: Short-term trusts.

NOW12 LOCATIONSI 31 W. 2nd, 329-6064 Free Parking Validation CLOSED SATURDAYS wm HAMILTON Reno area blacks and Latin organization say there is no rivalry between their groups. A weekend meeting was; held to clarify their position following minority criticism last week of Reno Police Chief James Parker. Some Latins had indicated they didn't want to be included in the criticism by blacks of the police. John Ramirez, of Carson City, acting president of El Sol, (The Society of Organized Latins), met with Bertha Woodard, president of the Reno-Sparks chapter of the National Association for the Advancement of Colored People, and jointly released a statement denying any rivalry between the NAACP and the Latin community.

"As far as El Sol is concerned," Ramirez said, "there is no rivalry." El Sol, he said, has been working with NAACP, ln-tergroup, Race Relations Center, Equal Rights Commission, EOB, and many other state agencies FIRST MENTION The earliest references to rodeo date back to 1847 in Santa Fe.N.M. 3 DECLARED WAR ON IAIM kuftnet FREE! Full-color 104-page Idea Book! 0:, New Homes Idea Book with -County- Zip- Zip- WASTE 1 SM 85 S22.00 S33.85 3 S28.10 $18.95 $47.05 4 S14.55 $16.80 $31.35 CLIP AND SAVI DOLLARS REDEEM AT SIERRA LINCOLN MERCURY 757 KIETZKE LAME RFNO, NEVADA SAVE 50 ON SELECTED PARTS PAY TO THb ORDER OF- t- i Ceiifficaics Save money Save fuel and drive a safer car. Induce Sprinq Swings ENGINE TUNE-UP PARTS SPECIAL 1 ORDER OF CJTLSCHH. in all the places you should TUNE-UP PARTS SPECIAL OFFER CXPIFtES JUNE 90, 174 REDEEM AT PAY TO THE ENGINE LABOR YOUR SPECIAL PRICE MANUFACTURER'S SUGGESTED LIST PRICE $23.70 50 DISCOUNT YOU SAVE $11.85 See Reverse Side For Details SIERRA LINCOLN MERCURY i ssssTi IItfe'Ul-fev. AIR OIL FILTER PARTS SPECIAL OFFER EXPIRES JUNE 30, tS74 PAY TO THE OROER OF I VIP MANUFACTURER'S SUGGESTED LIST PRICE $9.90 50 DISCOUNT YOU SAVE 34.95 See Reverse Side For Details AIR OIL FILTER PARTS SPECIAL S4.95 LABOR AND FIVE QUARTS OF OIL S3.50 YOUR SPECIAL PRICE S8.45 redeem at SIERRA LINCOLN MERCURY 3 LIFETIME GUARANTEE SHOCKS EXCEPT CAPRI CORTINA Sprinq Sminm Certiorate OFFER EXPIRES JUNE 30, 1974 PAY TO THE ORDER OP It vnu'Vf imkPil up li'W pMiin.ls Mere there mi lor tur.i If I I'imV show up l-uUp'S lh most pmbtirtdbs tnt There's slill t.rne (J (jet sli.tpr if Voi do something it quick' We'll help vi) (mil the Hull's riflht (or Voir.

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