The Charlotte Observer from Charlotte, North Carolina • 4

4A THf CHARLOTTI OBSERVER Friday July 1W Judge: Track Can Be Saved DON'T FORGET myse'f for the fust time that the speedway reorganization will be successful Attorneys for the Seeurittes and Exchange Omnniissmn (SEC) entered the case as advisers to the court They suggested that the trustee investigate the claims to discover whether there had been in building the track kit Rev Walker Mrs Walker estimations are far from complete So far he said he has testimony indicating that the perfoimance of a supet visor of construction at the speedway open to serious question He said a possible failuie to riiain the track properly have resulted in costly delay in completing construction and wasteful duplication of work on the A stockholders committee has raised $500000 and promised to get together another $100000 to help pay off the creditors The $125000 profits would be available to swell the reorganization kitty Bv rOBTER MINN ObMrvtr Stt Wrltar Judge Craven said Thursday in federal court that he is convinced that the Charlotte Motor Speedway can be successfully reorganized Craven took charge of the track when creditors attempted to sell it at public auction to satisfy their claims that the speedway owned them $900 ono The judge named Robert Robinson trustee and told him to try to reorganize the speedway corporation without throwing it into bankruptcy in accordance with Chapter 1(1 of the fedeial bankruptcy Walkers Will Have 50th Anniversary i Robinson fold Craven that preliminary investigations have indicated that some of the claims are questionable After hearing the claims mav he reduced and that the track made $125 000 profit on its last race Craven said the speed-wav can be saved He said am committing Speedway officials said that the trustee's investigation substantially reduces the claims the tiack corpotation -can he fieed of debt and made into a going concern Robinson reported that in- The truviees said testimony Indicated that a contractor mav have (hariged for moving rock when he was only moving dirt The contract railed for payment of $1 a rubic yard for rock and onlv IS cents a cubic yard for dirt Things may be a little crowded at 707 Grandm Road Sunday Rev and Mrs Walker will be observing their 50th wedding anniversary Six of their seven children are expected So are grandchildren Even four great grandchildren Solicitor Plans War In Court By DWAYNE WALLS Olnervtr Staff Writer Then there are those who have been sent about 200 and abetting offense in bad cheek rases are rare although Graham said the practice is fairly common City Recorder's Court So-Heitor William Graham began a get-tough policy Thursday against people who use the courst as a collection agency for piivate debts A conti adr may have made a dirt fill improperly with the iesu that the track later had to be repaved at a cost of $80000 the investigation indicated The different contractors may be attempting to charge for doing the same job Robinson reported A resurfacing job billed at $80000 could have been done for $20000 accord-to testimony A contractor testified that he had to pay $25000 to former speedway officials to get the conti act for building the track an account at the time but Treece agreed to hold the check for two weeks Graham argued to Recoid-er's Court Judge Reach-urn Jr that people who encourage the writing of such checks are causing as much loss of confidence in checking transactions as those who actually rite them Treece was convicted under provisions of a state statute which makes it a criminal offense to knowingly accept a bad check There are otheis too Walker who is now 72 began preaching when he was 17 He and his fi7-year-old wife who up in Whiteville have spent their 50 years together in the set vice of the Pentecostal Holiness Church And Sunday they are looking for a lot of their former church members and other friends to come see them 'Once a ci editor has possession of a check signed by his debtor the debtor must make good the check or be liable to criminal piosecution A debtor is subject only to civil prosecution if he refuses to pav a debt) When cases of this soit come to his attention in the futuie Graham said 1 intend to have a warrant in all of them A landlord accused of encouraging a tenant to write a bad check was convicted of aiding and abetting in the offense along with the man who signed the check Convictions on the aiding Walker a retired and yet I'm not retired" He is still an evangelist for the church although he is not pastor at a particular church A former ofticial testified that the $25000 was for equipment rental but the contractor denied that this was the case Firecrackers Cause The landlord Fred Treece Jr of 2240 Mecklenburg Ave was ordered in pay court costs He appealed to Superior fourt Blondie To Roam Again In 55 years of preaching have pastored churches built churches held tent revivals and been the superintendent of the conference of our he said In addition he has composed religious music Open house at the home will be from 9 am to 11 The tenant George Rice Jr of 508 Tryon pleaded guilty to passing a worthless check and also was ordered to pay court costs and make restitution He did not appeal The warrant against Trece was sworn out at Graham's recommendation after Rice told the solicitor details of the check-writing Robinson told the court that accountants have raised serious questions as to many stock and loan transactions at the speedway amounts involved in these transactions total approximately the trustee reported Robinson said that in order to get necessary information for the accountants he will have to examine under oath he persons involved in the stock and loan transactions Judge Craven will hold a second homing on the speed-wav today lo decide how much longer to allow the trustee for digging into the speedway operations brought her hack he asked Barker for money to clean up his car Sometime Wednesday night Blondie dug her way under the fence at the 3138 Graymont Drive house where Rarker lives with his daughter Mrs Ruby Hatley was acting real r-vous Mis Hatley said Thursday we didn't think she could get nut Helps You Overcome FALSE TEETH Blondie just doesn't like firecrackers The 12-year-old rocker spaniel companion of blind Will Barker who is 73 was gone again Thursday morning apparently scared by July 4th firecrackers The dog jumped into a stranger's car last Christmas when she was scared by the explosion of firecrackers She was gone for three days before the man who drove away with her brought her hack He had tried to sell her it was learned and when he Looseness and Worry Check The Observer-News Rice said he was behind in his rent when Treere filled out a check for him to sign and then told him that if he did not make the check good he would he in trouble No longer be annoved or feel 111-nt-easp because of loose wobbly false teeth FASTEETHan Improved alkaline (non-acid) powder sprinkled on vour plates holds them flrmrr so the? feel more comfortable Avoid embarrassment caused bv loose plates Gat FASTEETH today at any drug countar The laige honey-cnlmed cocker did and she hasn been heard fiom yet I WANT ADS FIRST Rice said he did not havp For Whatever You Want To Buy OF CUP It's the smart time and money saving way to do your shopping -Fourth Whatever you're in the market for -from Cadillacs to baby cribs-chances are it's offered to you in the wide selection of fine values you find every day in the Observer-News Want Ad section So don't forget! 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