Panama City News-Herald from Panama City, Florida on June 29, 1974 · Page 5
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Panama City News-Herald from Panama City, Florida · Page 5

Panama City, Florida
Issue Date:
Saturday, June 29, 1974
Page 5
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NEWS-HERALD, Piittmi City, Flft., Siturday, June 29,1(174 t»age 5A Land Deal Remarks Satd Border On Slander NCSLer COMMENDED- Richard K. Shumaker, Head of the Mine Countermeasures Department, has been cited by RADM J.H. Foxgrover, Naval Air Systems Command, for his dedicated service and personal contribution to the airborne mine counter" measures program. Shumaker, who has been involved in the mine countermeasures program at the Naval Coastal Systems Laboratory some 20 years, has accepted an early retirement from government service because of his health. William Emshwiller, of Naval Air Systems Command, is shown making the presentation on behalf of RADM Foxgrover. ATTENTION! STAFFORD'S NEW OPENING HOURS STARTS: JULY 8, 1974 DAYS TUESDAY - FRIDAY HOURS: 7:00 A.M. - 5:30 P.M. CLOSED: SUNDAY & MONDAY TALLAHASSEE (UPt) — An attorney reprinting a group telling land on St. George Island to the state said that statements made by state treasurer Tom O'Malley about the deal may be legally slanderous. Tallahassee lawyer Gene Brown, who Is also part owner of the 1,468 acres on the island which the state is intending to buy, satd O'Malley has not documented charges questioning the legality of the transaction. "There have been rumors, Insinuations and charges again* st me and Individuals In state government that have not been specified," said Brown to a meeting of aides to state, cabinet officers. "A lot of the things Mr. O'Malley has said border on the edge of legal slander, but we will deal with this point after the Issue Is completed." Joe Fuller, an Investigator In the state treasurer's office, said O'Malley will totally document charges about the sale of the Gulf of Mexico property at Tuesday's cabinet meeting. "Mr. O'Malley will point to specifics that show the state made a bad deal and that the cabinet shouldn't go through with it," said Fuller. "He will also present information that John Stocks (also a principal owner of the property) will back out and return previous payments to the state." Asked by cabinet aides what O'Malley will say, Fuller said that the treasury department is still conducting an investigation. "I don't think Mr. O'Malley will want me to stand up and make his presentation for him," said Fuller. "But he will agree to meet with cabinet aides before Tuesday's meeting." O'Malley has said the state is paying too much for the land. He also questions legal technicalities involved In the transaction. According to Fuller, stocks, a TaltahtMM resident, offered to tell the land to private Interests for $2,000 an acre, Puller said the state It paying about $4,400 an acre, a lump sum of about $5.8 million. Brown toldcabilnet aides that the Island property would sell for more than $9,000 an acre On the open market. He satd O'Malley has never contacted htm about details of the transaction, which was approved by the cabinet in May 1973, Brown said he attempted to talk to O'Malley about the deal at the treasurer's home one night but was told that O'Malley was tired and needed sleep. "We learned that around midnight that same night he was calling people in Tennessee about the matter," said Brown,. "Hit accuaattona could be answered by talking to us directly Instead of calling the press together and saying things which aren't true. He has made restatements about the land titles, payment schedules and other aspects of the deal which reflect badly on the people Involved," Brown said all records of the transaction are open for public Inspection, He satd he has offered the documents to O'Malley for review. Fuller said that cabinet was not adequately briefed when the transaction was made. The details, he said, were worked out at the Governor's mansion between Brown, Gov. Reubln Askew and the Governor's staff. The state Is intending to use the land for recreation purposes. Attorney General Robert Shevin has said, he believes the transaction is legal. STAFFORD'S OUTDOOR POWER CO. 1611 HARRISON AVENUE 785-0218 Powerful Lungs The beaver can remain under water for as long as 15 minutes, due to its specialized respiratory and cardiovascular systems that permit storage of large amounts of oxygen in the lungs, blood and muscles. Liquor, Note Bills Vetoed TALLAHASSEE (UP1) Gov. Reubln Askew vetoed bills calling for transfers of specified "quota type" liquor licenses and changes in laws relating to taxes on promissory notes and written obligations to pay money. The liquor license bill would have allowed for transfe rring the permits within county lines. He said the bill would affect about 75 restaurants who hold specialized licenses relating to quota sales of liquor. Although Askew said he supported the Intent of the bill, he said a provision in the legislation would have given the 75 restaurants the right to transfer licenses and also sell beer and liquor through package store outlets. "The legislation would allow an additional 75 bars and package stores to be opened as well as allowing a select few restaurants to realize large sums of money by merely exchanging one license for another," said Askew. The promissory note legislation would have exempted from the state documentary stamp tax' all loans which are not secured by a property lien between financial institutions covered by the Florida banking code and the borrowers of money. Askew said that only big businesses would qualify for the exemption. He said the exemption would cover loans over $500,000 and that the Depart ment of Administration estimates the bill would result in a $2.5 million in state revenues; "For the small businessman, a loan to meet his payroll, buy his raw materials or carry on inventory are just as important and critical and as worth of the exemption as the large borrower who can qualify for the exemption over 1500,000," said Askew. Sale! SAVE $30.95 AM-FM 8-TRACK TAPE/RADIO SYSTEM Reg. 129.95 99°° 12.2088 8-TRACK STEREO RECORD-PLAYBACK DECK Rtg. 109.95 14-881 W 2 99 MC REALISTIC DIAMOND REPLACEMENT NEEDLES MOST STYLES and you can GUARS IT At Radio Shack VARIABLE 0-24V DC POWER SUPPLY A 27** 22-126 REALISTIC * STEREO CAR CASSETTE PLAYER SAVE $17.55 Reg. 87.50 12.1823 AM-FM 8-TRACK RECORD/PLAY SYSTEM Reg. 229.95 19^ 14-924 SAVE$70 POWERFUL REALISTIC AM-FM STEREO RECEIVER Reg. 219.95 _ j 149 9 ! Radio/hack 3 31-2045 PANAMA PLAZA 763-6915 -EASY CREDIT > > ATTENTION! * J PANAMA CITY HOUSING MOBILE HOME SALES AND PANAMA CITY MOBILE HOME *REPOSESSION LOT HAVE COMBINED THEIR INVENTORIES AT ONE LOCATION TO * OFFER THE PEOPLE OF NORTHWEST FLORIDA THE LARGEST SELECTION OF * * MOBILE HOMES IN THE HISTORY OF THIS AREA. WE WILL CONTINUE TO OFFER 24 * J HOUR SERVICE, BANK FINANCING AND THE LOWEST PRICES AS WE HAVE IN THE PAST. XALL HOMES WILL BE LOCATED VI MILE NORTH OF 15TH ST. ON TRANSMITTER + ROAD. * COME BY AND SEE WHY EVERYONE IS TALKING ABOUT PANAMA CITY HOUSING AND PANAMA CITY MOBILE J HOMES REPOSSESSION LOT. * Vi MILE N. OF 15TH ST. 24 HOUR SERVICE PHONE 769-4461 OR 785-9278 * * * * 72 IMLE • r ^ ,J *y ,J ^ ^ ^ ^ 4444 44 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4** 4444444 444 4 ^4 4 4 4 4 4 ; . v

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