Tipton County Tribune from Tipton, Indiana • 3

I IJk Tipton Tribune, Friday, February 2, V. nr March 5, calls for Israeli troops to take up new positions about 13 miles east of the Canal and UN. soldiers will set up a buffer zone between them and thinned out Egyptian forces on the east bank. Jubilant Israeli soldiers dance the horain the middle of a bridge at the Suez Canal Thursday as Isreal completes the next-to-last stage in the military disengagement agreement worked out with Egypt. The fifth and final stage, expected to be completed by JP Is Too Young Tq Marry his maximum, wtien all the money goes to the township Money collected in traffic fines and other matters always goes directly to the township, by way of the county auditor, he added, saying it could help hold property taxes down.

What has happened is that some JPs work until July, when they have reached their maximum compensation, then close their doors, Gnffin said How ever, this is not a problem in larger areas, where the law doesnt set a limit. For example, any JP in Manon County gets a flat salary of $7,500 and they work year around. Some people object to JP courts, because they are not a court of record, but Gnffin pointed out a person has to sign only one form to appeal his case to a city cturt or a circuit court! INDIANAPOLIS 1 Marc T. Griffin of Greenwood has to wait another three months to marry without parental permission, but he expects to be an important part of several marriages i while he's still 17 years old. 1 Gnffin, who will be 18 on May 25, has been appointed by the Johnson County commissioners as justice ctf the peace for White River Township, an area that lies just south of the Marion-Johnson County line Governor Bowen and Secretary of State Larry Conrad are expected to sign his certificate of commission this week and he expects to set up office next week, when he can begin marrying people, handling traffic cases and other matters Units Invest State Tax Urged To Uw terns who is in a doctorate program at IU in fiance and teaches a class in corporate finance.

The newsletter is being sent out to every mayor, city controller or clerk- treasurer and every county auditor and county treasurer," Petrovic said WTeve gotten some mail back from officials who say they like the idea and want more information." i He apparently will be the youngest justice of the peace in the states history, thanks to the U.S. constitutional amendment that lowered the legal voting age to 18, Indiana, which previously, required that persons be 21 to vote, placed only two restrictions on persons Serving as Justice of the Peace that they be legal residents and registered voters. hopes someday to serve on tne Indiana Legislature. Seeks Involvement I was active in governmental affairs in Marion County, in Beech Grove, before we moved to Greenwood and after we moved I began looking around for some way to become involved, Griffin said. He discovered that his township had no Justice of the Peace, with some people actually thinking it could not have, but his research showed the office had been vacant at least since the 1940s The more research I did, the more I decided that the JP office was one of the best examples of meaningful governmental service at the local level, Gnffin said So here I am, not old enough to marry, yet I have the power to marry someone Gnffin, who graduated a couple of months ago from Beech Grove High School and has plans to go to Indiana University, said he had a serious girl friend, but they were not officially engaged.

In fact, all the time Ive been putting in on getting ready for this office has meant we havent had a date in about three weeks, he added. Gnffin said he for one will be lobbying with the state legislature next year in an effort to get the lawmakers to retain the JP court system, rather than instituting what he called a high price county coun system that would make justice more expensive for the average person. The Indiana Judicial Study Commission has issued a report that JPs should be done away with and the legislature did consider a bill for a county court system, but failed to act on it, Griffin said. The commission noted certain NPs were not turning in their quarterly reports of fines and fees to the county auditor, as required by law. There is a law requiring them to file these reports, and it should be enforced against them, rather than doing away with the entire systm Income Limited More and More people are finding the value of using the CLASSIFIEDS to buy and sell the items they need, or offer their services.

Gnffin, who also is a Republican deputy registration officer, has registered for both the May primary and the fall elections when his name will be on the ballot to keep his appointed office. The JP office was removed from state constitutional provisions in 1971, but remains a statutory office at leas until Jan. 1, 1976, with elections this fall to determine who will have Griffin's post after Dec 31. INDIANAPOLIS I I Indiana county and local government are throwing away millions of dollars every year1, but' an effort has begun to help them handle their money better. The problem is that too often county, city and towns leave their money with banks without earning interest on it.

In fact, in January of 1973. about $1.3 billion were idle in banks across the state. a report prepared by a study group in the state treasurers office concluded. The study was undertaken by interns Treasurer Jack News office in line with his idea that government money deposited in banks should earn interest the same as that from business and private individuals New began a policy of moving state money from idle accounts to investment accounts after he took office and says it helps the state offset the effects of inflation. We have made $448,306 since June 30 and average $26,370 each week by investing $44 million for three days from noon Friday through noon Monday with an average earning of 8.4777 per cent, John A.

Ruby, deputy treasurer, said. He helped direct the study by the three interns which sufficiently impressed local governmental officials that it resulted in a continuing newsletter on government investment, begun this fall. The newsletter is called Indiana Financial Management and is published through the Indiana University School of Public and Environmental Affairs, funded in part by the Lilly Endowment Fund. It is edited by Bill Petrovic, one of the three in THERES STILL ROOM He said there had been sufficient response that the school was beginning to plan more programs. I think the first one will be to bring together city controllers and explain how to do a cash flow so they will understand where they stand, he added.

This organizes all the money they have into a systematic scheme by reviewing past expend tures during a month so that they can invest money that would have been idle in bank, Petrovic said He pointed out that short term investment can be quite a hedge against inflation for cities and counties because they earn $200 a day for a million dollars invested at 8 per cent. The study pointed out that excise and property tax revenues in particular are easily invested because they are collected several months before distribution On the average, $1 million in tax collections could earn about $13,000 per year if invested prior to the June and December distributions, it said. Petrovic said the surfey found that many cities, towns and counties already hard pressed by soaring prices for governmental services actually lose vast amounts because they I dont expect to be opposed in the primary and Im not sure whether the Democrats will run someone in the fall or not, Marc said Thursday. He said he had been interested politics and government since he was in junior high school and ORE. FOR twi 7: jjjjanners 675-2115 TO PLACE varl9tf wtofs Another objection is that in smaller township, such as mine, there is a limit on the amount of compensation a JP can collect a year, Griffin said.

He explained that the docket fee for any filing at a JP Court is $6, with $2 going to the township and the JP keeping $4 of that amount until he reached YOUR WANT AD! NOTE: Mr. Ask about TIPTON SAVE UP TO 19200 TRIBUNE CLASSIFIED ADS They keep your name before the public and Vell pay the excise tax on any car or truck purchased before March 1, 1974 dont handle their money well. If they get their money at the first of the year and they dont spend it right away and it sits in a bank without earning interest, the money when they spend it isnt worth as much as far as buying power they would have done better to spend it at once, Petrovic said. If they invest it at 8 per cent, thats at least two per cent above the inflation rate, so they not only beat inflation but also gain some spending power. Petrovic said the study on the financial habits of smaller units of government showed the lack of investment was not because officials did not think it was proper to invest.

Laws concerning investment of public funds changed in the past couple of years so the reasons for noninvestment ranged from ignorance of the pertinent laws to a lack of initiative and financial expertise, he said. He said the newsletter had helped stir more interest in investment by telling stories on what some cities and counties had done. It concentrates op the positive, he said. cost so YOU CANT LOSE! ITb EASY TO FIND I (3d! I YOU NEED wd! I at jjjjanners Motors ate Road 28 East Tipton, Indiana QUALITY USED CARS GMC TRUCKS 'The ONLY Nowpal In the World Dedicated to Serving Tipton County, Indiana' SAVE II SWilllft.H fit. F-A 4 I i.