The Mail-Journal, Volume 16, Number 1, Milford, Kosciusko County, 24 January 1979 — Page 17

Dana Vehicular Group formed

Dana Corporation president, Gerald B. Mitchell, announced the formation of the Dana Vehicular Group, a fully independent organizational entity encompassing all Dana worldwide original equipment automotive component manufacturing facilities and divisions. Mitchell noted that the establishment of the Vehicular Group completes Dana's tripod structure, with all of its business now divided among three separately reporting units: Vehicular; service; industrial.

nSf Something New " In Our Ads IKI If You Find Your Telephone Number In Our Ads, Call Our ' sN§Zfli Office To Reserve Your Box Os Valentine Candy To Be X&Zm Picked Up February 14. Just Another Way For ' Us To Show Our Appreciation To All Os You xi] LARKY IT] [jr

233 — WAWASEE LAKE FRONT — In prime area on South Shore Dr., 100 ft. lake frontage, 9 room home with five bedrooms and three baths. Extra lots available across the road. Call today for appointment. 216 — WAWASEE LAKE FRONT — Cottingham Beach. 3 bedrooms, full bath, 3 half baths, large kitchen with all the extras. WE NEED LISTINGS We Have Buyers For Both t ; Old And New Homes 245 — NEW LISTING — Milford, Perfect family home close to school, shopping. Very low utility bills, 4 or 5 bedrooms, 2 car garage are just a few of the pluses of this home. Blk. & 2 E. of Milford Junior High, Emeline St. Call Tom, today. 247 — 3-WAY TAVERN IN SMALL AREA TOWN — Located on main highway. This tavern features a low overhead operation, with yearly gross of approx. $300,000. It also features an exceptional good net profit structure. Call today about this one. 241 — 2 CHOICE LOTS ON STATE ROAD 13 — Combined total frontage, 190 feet. Rear of lots, consist of 190 ft. of channel waterway. Zoned residential or commercial. Call Gene Stoffel 457-4332 or 457-3178. 219 CROMWELL — 1.2 acres approx. 2 bedroom home with living room, kitchen-dining, utility room.” Very low utilities. 1 cor garage with workshop & carport. Will finance FHA. Call Joe. ‘ 237 — WAWASEE LAKE FRONT — Waco Drive. 4 bedrooms, 2 baths, large living room with stone fireplace. Attached 2 car garage. Road frontage across the street included. lakeland (Baity 31 is. HUNTINGTON 457-4147.457-3178 DAVE McGREW, REALTOR WE HAVE MANY OTHER FINE LISTINQi. CALL TODAY. LAKELAND - A "HOUSE SOLD" WORD Joe Leamon ’ Sales Assoc. 457-4927 Dewey Housour Sales Assoc. 658-4857 Gone Stoffel Sales Assoc. 457-4332 Sally Shively Sales Assoc. 457-5480 Amaivla I anrnnn

Mitchell named George D. Doresco to be president, Dana Vehicular Group. Doresco was formerly group vice president, Light Truck. He was recently elected vice chairfnan of the board of Hayes-Dana Limited, a Canadian affiliate of Dana. * To further support this restructuring, Carl H. Hirsch has been named executive vice president, Dana Vehicular Group. Hirsch was . formerly group vice president, heavy truck, and will continue to direct the heavy truck parts manufacturing divisions.

NEW LISTINGS ? 252 — WOODLAND ACRE’S Fantastic 1,300 sq. ft. home in s beautiful Woodland Acres. 3 bedrooms and 2 full baths. You / have to see it to believe it. Call today for a showing. Ask for Sally. . 258 — ANOTHER COMMERCIAL PROPERTY. Restaurant with 3way license. We sold five firms like this last year. Get in on the boom and contact Gene details. 260 — EXTRA NICE 7 ROOM HOME IN CROMWELL — 4 large bedrooms for the growing family. Approximately 1,400 sq. ft. of comfortable living. Priced in the low 30 s. 253 — LIGONIER — This large 7 room home has approx. 1,728 sq. ft. to roam in. Building new at today's prices makes the price 3 of $38,500 sound like peanuts. See Amanda about this. ir 254— LIGONIER — Here is a home that hos a 1950 price. 7 nice size rooms, 3 bedrooms. Low, low, $18,850. 255 — LIGONIER — Need four bedrooms? Here is an older home n for only $13,000. n 256 — LIGONIER — Another four bedroom home that would be hard to turn down at $13,500. Excellent for an investment. 257 — LIGONIER — How about a three bedroom home for only ' s9,soo?;We've never heard of such ridiculous prices. Better call ' today. • COMMERCIAL OR SMALL MANUFACTURING SITE — Almost new ■> 24'x80' building, plus 2-14'xl80' storage buildings. Situated on a . 140'xl80' city lot. New building has cement floor, city sewer, 1 well insulated — electricity. $54,000 complete. Located in North Webster. 2 DOWN TOWN — NORTH WEBSTER — Wholesale or retail store r on sO'x7O' lot facing state road 13. Store building size 48'x66’. Upstairs consists of huge office area and 2-3 bedroom apartments renting for $125 each per month. City sewer, gas heat. Priced for quick sale, only $42,000. WAREHOUSE — Could be converted into many different types of uses. Lot size, 62'x132'. Building size, 60’xl30', has cement floor, city sewer, plumbing, gas heat, electricity. Plenty of storage racks and bins on both s sides of building. Inquire soon about this one. Complete package, only $24,000. 178 — ENCHANTED HILLS — 3 bedrooms. 1% bath, full basement. Just a few steps from pool and playground. Call today. 236 — 3-WAY TAVERN AND NIGHT CLUB — Located in small lake community. Well over six figure gross with an exceptionI ally good net. Real estate included in the sale price. Living L quarters available if needed. Call about this one very soon. SEE US FOR VETERANS, FARMERS HOME AND F.H.A. FINANCING 244 WOODLAND ACRES. This home is immaculate inside and out. The almost 1 acre lot is well landscaped & fenced. The interior is very tastefully decorated including a large kitchen & dining area just off the family sized living room with large brick fireplace. Also formal living room, 3 large bedrooms, 2 full baths, central air plus an attached 2 car garage.

Doresco said that the consolidation of all Dana vehicular activity into one reporting group will create greater uniformity of objectives, provide for more resource allocation, and improve asset utilization. It will, most importantly, allow smoother transfer of expertise among the vehicular group’s people in manufacturing, marketing, engineering and financial areas. Doresco indicated that the reorganization underscores Dana's commitment to the light and heavy truck industry.

Kh CARLH. HIRSCH v. » GEORGE DORESCO

State Road 13 South Wawasee Village — Right Next To “That Sailboat Place" — 4RU Syracuse MVV Dannette Rosner 457-2656 JOHN MANSFIELD DON SCARBEARY 457-5436 457-3304 PHYLLIS HORVATH GARY BROWN

fl i "What's Going On Down There?" It's Just LAKELAND REALTY Bringing Seller And And Buyer Together For Another Quick Property Sale. 239 — CHANNEL FRONT LOT — 60 ft. of frontage on Wawasee & some trees. Call today. $6,750. 214°— WAWASEE LAKE FRONT — This immaculately kept home has a large sunken living room with fireplace, formal dining room, family kitchen with all the extras, 3 bedrooms, 2 baths plus'a 2 car attached garage. 221 — MORRISON ISLAND SPECIAL — Very nice 4 bedroom, 1 Vi bath home on beautiful Morrison Island channel. This home has many extras and is priced to sell immediately at a low, low price of $49,500. 229 — SYRACUSE IN TOWN — Handyman's Dream, 5 bedrooms, large living & family room comb. Partial basement, large garage. Can be bought for less than rent, but remember it needs help. Call today. 218 — WAWASEE CHANNEL — 3 bedroom, maintenance free home on channel with access to beach and pool. Lake living at a most economical price of $30,500. Call today for more details. 108 — FREEMAN'S ADDITION TO LAKE WAWASEE — The only thing between this home and Lake Wawasee is land — close enough to view'and also walk to the beach. Over 1,940 sq. ft. of living space, home has many extra features. This is an affordable home. DEVELOPERS DREAM — Bonnie Brae Estates. 26 acres of prime residential property, includes 2 large ponds, just'/» mile south of Syracuse. Call for more information. 250 — SYRACUSE CHANNEL — New home finder construction, 3 bedroom l'/» baths, 58' new seawall, gas heat, city water & sewer, excellent location $54,000. 251 — BONAR LAKE FRONT — 2 bedroom, completely refinished, wooded lot, excellent view $29,000. 249 — COUNTRYJ2VING — 3 bedroom, 1 'A bath with full basement, 4 years

Mouzy reports

Traditionally, the first week each legislative session is highlighted by the governor’s “State of the State” address to a joint meeting of the Indiana House and Senate. While Governor Bowen’s 1979 legislative “shopping list” was considerably shorter than last year’s, he did propose several public policy issues of major impact. In this first of a series of articles to be submitted during the 61-day assembly. I will comment on certain aspects on his plan. To understand the philosophy behind tax-cutting measures the governor is backing, a look to the 1979 Republican party platform is helpful. “Individuals want to — and should be able to — spend more of the wages they work so hard to earn, rather than being robbed by the tax collector before they see their paychecks,” the document states. Governor Bowen, who designed the 1973 property tax relief system, explains its success is rooted in that idea — to control the size of government “by tightly metering the flow of dollars that bloat its growth. ” During the last election, individual Republican campaigns supported the governor’s idea of removing funds from the spending stream by taking it out of the budget process where it could be bargained away for non-essential services. This week, the governor asked for the following pieces of legislation to accomplish that goal:

1. A 15 per cent credit for Indiana taxpayers on their adjusted gross income taxes. The bill seeks to reduce tax collections and requires the foundation of government spending be cut at the outset. House Republicans sought a similar tax cut in 1978. but it was defeated by Senate Democrats. 2. Revival of the 1973 portion of the property tax relief program which allowed renters a special credit, to parallel the credit property owners have enjoyed for the last eight years. 3. Enactment of a new 20 per cent homestead deduction to offset the effects of reassessment for residential property owners. For those who have already received notice of the new assessed valuation of their homes, this measure, if approved, would cushion the impact of inflated values. 4. New controls on civil taxing units, to keep local spending at a responsible level. 5. Stepping up aid from Indiana’s property tax relief fund from 20 per cent to 22 per cent. In effect, this would increase the state-paid share of property tax bills. Further, Governor Bowen advocated a plan to provide a S4O monthly credit to eligible Older Hoosiers during the five heating season months of November through March. This plan is also a follow-up on his campaign commitment to help the elderly on fixed incomes pay home utility bills. Under the legislation, local electric utility customer service offices would help applicants sign up for the program and complete required forms. Energy availability and supply is an area the General Assembly has studied in-depth over the last several interims. While it has become clear to us the state cannot play a dominant role in influencing supply and demand, we can. and should, take the initiative to counter the costs of energy upon households headed by persons age 65 and over. In 1978, we enacted a Republican bill to give $25 a person tax credit for sales taxes paid on utilities, by Older Hoosiers. This new plan would expand upon the public policy choice made last year. While the Governor did not address his well-known positions on education, transportation, or certain other topics important to this Assembly, the tax and economy-related concerns he did discuss are those which will be the base of Republican efforts in the next few months. I encourage you to react to them by using the toll-free telephone service to the State House (1-800-382-9841), or by writing to me at the Indiana House of Representatives, State House, Indianapolis, Ind. 46204. „ Wfl» - ...... NEW OWNER — Worth Tax Service has announced that Robert E. Spencer has become the new owner of the Syracuse branch office. Spencer has previous tax training and has successfully completed the Income Tax Preparation School in Warsaw. The Worth Tax Service office is located at Ruch Mower Service in Wawasee Village. Brownies to collect eyeglasses Brownie Troop 63 of North Webster will be collecting used eyeglasses from January 25 through February 1. These glasses will be turned over to the North Webster Lions club who in turn will send them to Lions International for proper disposal. The following businesses will have containers available for depositing the used glass frames: Jerri and Jills Salon of Styles. Teghtmeyer-Ace-Hardware, Gerard Princess Parlor, Hooks Drug Store, Rinker’s Department Store, Land of Lakes Barn Sporting Goods, Ye Old Tackle Box, Fee’s His-N-Her Shop, White Front Grocery, Augsburger’s Super-Valu, Jean’s Hobby and Craft Shop, Counting House Bank, Double Dip and Dunk-It, Midlakes Laundry, Hobby Hut and Thornburgs Walgreen Agency. "For the lonely one even noise is a comfort." Friedrich Nietzsche

Wed., January 24,1979— THE MAIL-JOURNAL

Fry-Wells - Rogers Realty STATE ROAD 13S SYRACUSE. IN 46567 PHONE ——l 457-4485 I Jack Wells Jim Fry Ernie Rogers Residence Phone Residence Phone Residence Phone 457-2986 457-5109 457-4678 «BfI|MHHM| Let's Talk Mi~l Real Estate By Phil Beer Realtor HOME OWNERSHIP - A CASH RESOURCE

Sometime in everyone's lifetime, for luxury or necessity, there may be a requirement for a large amount of cosh. Today's homeowner is probably the best prepared individual to cope with this need for money" problem. His equity in his home is a ready source of cash. Let's assume he bought his house about 10 years ago for $20,000 and has now reduced his mortgage to $lO 000. Since home values rise, his house is now worth $35,000 which gives him an equity of about $25,000. On a conventional mortgage basis, a bank may loan him 80% of value, or $28,000. Thus, after paying off his existing SIO,OOO loan, he would come out with SIB,OOO cosh, or nearly what

457-4777 nd Zl BEATY REALTORS

NEW LISTING — INVESTMENT PROPERTY Stienbarger Lake, Noble Co. — 2 lake front houses, lake front lot. grocery-bait store & 3 cabins. Priced well below appraised value. Call Bob for complete details and a brochure. $65,000. DEWART LAKE ACCESS Newly decorated 3 bedroom home with basement and car garage. Maintenance free aluminum siding so you never need pick up a paint brush again. Easement to swimming beach and boat dock space available near bv. . $31,900. CALL TODAY FOR THE DETAILS. WEBSTER LAKE Year-round 2 bedroom home with carport and I*2 car garage. Ideal starter or retirement home. Deeded easement to lake. Priced in the s3o’s for a quick sale. SEE THIS ONE TODAY. * KNAPP LAKE HIDE-A WAY Almost new year round 3 bedroom A-Frame located on a large wooded lot with 120 ft. of frontage on the lake. Use as a year round home or just as a summer or winter retreat. ACT NOW, Possible land contract!! Just $35,000. LIGONIER AREA 4 listings ranging in price from $21,000 to $5!LOOO. CafTfor details today. BUILDING SITES — WAWASEE Enchanted Hills, $1,950-$3,500 Marineland Gardens $1,850-15,900 Leeland Addition — Channel Lot, 80x150, 25 ft. on water, adequate elevation for basement. SB,OOO. Leeland Addition — Channel lot, 6O’xl3O’. 60’ on water, adequate elevation for basement, $12,000. A Neighborhood Professional' can be your best friend. Let us show you how we can be your new b es t f riencl - Call tgiSllMi or drop by today B for your complia mentary copy of * 21 Reasons Why CENTURY 21“ Should Sell Your House For You brochure. We’re the Neighborhood Professionals.” Each office is independently owned and operated.

Old Road S South End Os Lake. R 3 Box 365 Syracuse, Ind. 46567. Open Mon.-Sat. 9-5, 457-4777 RicSchaekel 157- 1777 Dick I ittlvlield 157-1213 Ronßowr Boh Rieusei ker 635-2111 Xrlenc Dellinger X3l-27fni I ouise R» x XMI-33M1 Beck\ Boxer X3l-K;x

he paid for his home 10 years °9°I'm not suggesting that everyone run out and refinance their homes. I do point out, however, that another excellent reason for owning a home is the increasing equity produced through rising prices. P.S. If you do refinance — the CASH is TAX FREE INCOME Something to consider. The Beer Bunch will WORK FOR YOU. See us in the Wawasee Village office or call 457-4495.

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