Albuquerque Journal from Albuquerque, New Mexico • Page 20

B-4 ALBUQUERQUE JOURNAL Tuesday, February 26. 1974 Auditor Details Tokoph Loans earlier 19,485 loan with a $16,514.45 money order. Collateral was a T-33 airplane which wis repossessed after no payments were made on the loan, made. The loan was charged off as a loss. -Sept.

11, 1972, $36,000 loan to First Southwest with principle going to an Julv 24. 1972. $200,000 to First Southwest. The loan Ir vA fr You cant improve on the original. was disbursed in the form of a $6000 money order, $1200 cash and deposit of $800 to First Southwest.

A 1971 Cadillac limousine was used as collateral. After three payments and a balance owed of $810, the loan was charged off in September 1973. -JULY 18, 1972, $34,500 loan made to First Southwest proceeds credited to First Southwest account at ANB in the amount of $34,500. Collateral of CD and a mortgage was used. No payments were made on the loan.

loan to First Southwest proceeds of $144,279.22 credited to First Southwest with $55,720.78 to Distribut-Air. A McDonald 220 airplane was used as collateral. No payments were made on the loan and the airplane was repossessed by the bank. At one point, two loans were made the same day. -Sept.

11, 1972, $75,000 loan to First Southwest with proceeds going to the First Southwest account. Collateral of 75,000 shares of Arron Industries was used. No payment was ever Ml HALF loan to First Southwest Co. Proceeds were credited to First Southwest at ANB for $2500. Collateral was "real The loan was repaid with interest July 20, 1972.

-July 7, 1972, $8000 loan to Tokoph with proceeds going a bank money order to Tokoph for $8000. No collateral was placed. Payments were made in the form of $3000 cash July 28, 1972 and $5000 Aug. 21,1972 from another loan taken out by Tokoph. -July 10, 1972, $25,000 loan to First Southwest proceeds credited to First South west atANBinthe full $25,000.

Collateral of assigned funds due Arron Industries was used. No payments were made and the loan was charged of March 1973. -July 17, 1972, $9757 loan GALLON. Consider these advantages: 1. There's a handle on it Easy to carry, easy to pour.

2. Less chance of An Albuquerque National Bank (ANB) auditor Monday detailed 19 loans made to David P. Tokoph over a two year period. Both Tokoph and Harry Weil, former ANB branch manager, are charged in a 23-count bank loan fraud indictment involving $696,803 over a two-year period. MONDAY ANB VICE-PRESIDENT and auditor Raymond Rose testified when the loans were taken out, towhom money was lent, and under what terms.

Rose was also able to determine how the major part of each loan was spent. Testimony disclosed some of the loans involved repossession of collateral or were charged offasa loss by the bank. A review by Rose showed: JUNE 2, 1972, $10,000 loan to Tokoph with proceeds used to buy an Albuquerque National Bank CD for $10,000. Collateral was a 1966 Rolls Royce. One $200 payment has been made on the loan and it has been extended.

-June 13, 1972, $1975 loan to Tokoph. Total received by Tokoph in cash. No collateral was placed. The loan was repaid with interest June 19, 1972. -June 26, 1972, $2500 running out.

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BERGER BRIGGS RiMltsHle Insurance. Inc. I your Mntleptndtilt I Docs your child's school have police as councillors? iN Ol Libprtics Union) i 8( PP0OF KtNTUCKV STRAIGHT BOURDON WHISKCY 0ISTIL1I0 AND B0TTLEO BY THl JAMIS BEAW DISTILLING CLERMONT, BEAM, KENTUCKY 215 3rd Z4-LWM iwme I agent Slo Photo by Jerry Mctullougb Sharon O'Brien, Joyce Rhodes Clean Up Press Club Damaged by Fire Press Club Gutted By Morning Fire OSy Charts? leiision Electa Proposition 1: By BILL HUME Albuquerque Press Club members Monday began mopping up after an early-morning fire gutted several rooms on the south side of the historic press club structure at 201 Highland I'ark Circle SE. The fire caused extensive damage in the bar room and an adjoining lounge room, as well as a storage room one end of the kitchen downstairs. Damage was minimal to the other portions of the building.

'THEY WERE LUCKY the whole building wasn't destroyed," said fire investigator Nick Gunales. Gonzales said the fire apparently began in some antiquated "knob and tube" wiring in the wall between the kitchen and storeroom. It then spread upward through the bar and lourge room and damaged a bathroom on the top level. "We will make immediate progress on restoring the building," said club president Zane Blanty. Roy Davis of the General Adjustment Bureau, gave a "rough, off-the-cuff" damage estimate of about $8000.

Insurance carried on the building will cover the bulk of the loss. Establishes a Code of Ethics to apply to all officials of the City. The Code defines and prohibits conflicts of interest, and provides for the disclosure of any financial interest in city matters. The Board of Ethics also enforces the election code. Violators may be reprimanded, fined, or upon recommendation to and action by the Council, be removed from office.

Establishes an Election Code with procedures and rules for the conduct of City Election campaigns. Campaign expenditures are limited in amount. Contributions Proposition 2: DAN ELY WINTER from any one contributor ate restricted, and contributions are to be reported and made public. Proposition 3l Establishes a nine member districted council as the governing body of the City. Provides for a full-time, elected Mayor who will be the City's Chief Executive Officer.

The Mayor shall be paid $34,000 per year and Councillors $3,400 each per year. The Mayor with approval of the Council shall appoint a Chief Administrative Officer. IS NOT OVER YET! DAN ELY IS "IIIS mi 5 HAVING SEVERAL LOW PRICE SPECIALS THRU FEBRUARY AND MARCH COMPLETE MINOR TUNE-UP WITH FREE AC SPARK PLUGS You can obtain information about the proposed amendments to the City Charter by calling the CHARTER REVISION INFORMATION COMMITTEE at: 243-2101 243-6289 Also includes points, condenser, and gst filler. ONLY SPEAKERS FOR YOUR GROUP, CLUB, OR ASSOCIATION ARE AVAILABLE ON REQUEST. COMPLETE THE FOLLOWING GROUPS UNANIMOUSLY ASK YOU TO VOTE "YES" ON PROPOSITIONS 1, 2, and 3: CARBURETOR OVERHAUL $1fi00 2BBL.

SO LAEOR (PLUS KIT) 4BBL. (PLUS KIT) Albuquerque Recall Committee 0 Albuquerque L. U. L. A.

C. League of Women Voters Common Cause, Albuquerque Steering Committee Charter Revision Information Committee 0 Albuquerque Unity Democratic Party (County Central Committee) People's Committee for Better Government Albuquerque Progress 0 Greater Albuquerque Chamber of Commerce 5 POINT BRAKE SPECIAL ONLY 1. Adjust brakes and clean lining. 2. Inspect complete hydraulic system.

3. Pack front wheel bearings. 4. Check steering gear adjustment, 5. Inspect ball joints, control arms and tie rods.

12 BUICK xJEJuarclian fjyii'inlpininre Vacuum vimiy Other endorsing groups to be announced. No unanimous position taken on Propositions 4 and 5. CHARTER REVISION INFORMATION COMMITTEE 125 Second N.W., Albuquerque, NM 87102 Mail: P. O. Box 2128, Albuquerque, NM 87103 Committee Chairman: Edward L.

Jory Committee Treasurer: J. R. "Bob" Garcia Office Manager: Ramona Montoya 2801 CARLISLE NE APPOIMTMtNTS CM tl MADE SERVICE 345-2638 PARTS 345-5581 OUR SKCIUS INCLUH BUICK, OWL, CADILLAC, CHEVROLET, PON- TIAC, OL95M08ILE, OKLT GM PARTS USED. CHARGE IT 0 8ANKAMEWICAR0 MASTEACHARQE, AMERICAN EX PRESS, CHEVRCN, EBON, STANDARD OIL NO OTHER WORK DONE WITHOUT TCUR PRIOR APPROVAL.