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The Glenville Democrat
Glenville, West Virginia
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May 7, 1976     The Glenville Democrat
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May 7, 1976
 

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B-4 The Glenville Democrat/Pathfinder May 6, 1976 VA home loans exceed 9 million mark Marshall University to represent state in Washinf : Home loans guaranteed by the Veterans Administration have ex- ceeded the nine million mark. th, agency reported recently. Of the 9.001.120 loans guaranteed by 'the VA - totaling $119.7 billion - nearly 4.8 million have been repaid in full, the agency added. Since the (;1 home loan program began in 1944. velerans of World War II. Korea. post Korea and the Vietnam era have benefited from the more liberal financing terms offered by lenders of VA-guaranteed mortgages. The VA operates three programs to assist eligible veterans to become homeowners - loan guaranty, direct ,ROBERTE. ' ' ' MAGNUSON Democratic Candidate for JUSTICE of the West Virginia Supreme Court of Appeals (short term) Fair Experienced Respected Involved with his community Elect Bob Magnuson Bring to West Virginia's highest state court a man deeply versed in the law.., a man respected by his peers for his in- tegrity, independence of mind and fairness. Pald for by the Committee for Mognuson for Supreme Court, Joseph Condry, Treasurer. !: BROWNING DEMOCRAT ATTORNEY GENERAL loan and grants for specially adapted housing for severely disabled veterans. VA officials also reported the amount of loan VA will guarantee is limited only by the appraised value of the home and the capacity of the veteran to repay the loan on installments. Direct loans made by the VA, however, are subject to a maximum of $25,000. In many instances veterans obtain guaranteed or direct loans without downpayments. Specially adapted housing grants may be made to cover not more than one-half of the cost of the dwelling and lot. with a maximum grant of $25,000. A guaranteed or direct loan is available to finance the remaining cost. Loans for the purpose of acquiring a single-wide mobile home cannot exceed cost or $12,500. For a double-wide unit, the maximum loan is $20,000. or $27,000 for a double-wide unit and an undeveloped lot. The maximum term for single-wide mobile homes is 12 years and 20 years for a double wide. The maximum term for conventional homes is 30 years and 32 days. The Veterans Housing Act of 1970 removed the delimiting date on veterans' GI home loans. Another law enacted in 1974 permits veterans who have used their home loan benefit to regain entitlement, provided the veteran has disposed of the property and the loan has been paid in full. Entitlement also may be restored to a veteran if another credit worthy veteran assumes the balance on the VA loan and substitutes his own entitlement, it was pointed out. Requests for restoration of GI home loan benefits in 1975 totaled 56.334 of which 43,050 were approved. For the past year the VA has been permitted to approve condominimum proiects for guaranteed loans without the previous stipulation that Housing and Urban Development must have insured loans in the same project. Approved requests for condo- "West Virginia Day" will provide a special touch to the Bicentennial Parade of American Music Series at John F. Kennedy Center for the Periorming Arts in Washington, D.C. The May 11 program, beginning at 5:30 p.m., is unusual for the series in that it will feature a single, original musical work. Marshall University, selected to represent West Virginia in the Bicentennial series, will present the "epic" production "The Chief Justice: John Marshall" in recognition of the great jurist who established the Supreme Court as a co-equal to the execultive and legislative branches of the United States government. Written by Dr. Paul W. Whear, composer-in-residence at the univer- sity, named in honor of the Supreme Court's outstanding early figure, the musical work requires a cast of 160, including instrumentalists, singers and narrators. Marshall University was established as Marshall Academy in 1837, two years after Jolm Marshall's death, and was given his name by one of the founders, John Laidley, who had been a friend of the Chief Justice. Marshall served on the Supreme Court from 1801 to 1835. U.S. Senator Jennings Randolph of West Virginia, on behalf of the University, has invited the members of the Supreme Court to attend the May 11 performance. Mrs. Warren E. Burger, wife of the current Chief Justice, is serving as an Honorary Committeewoman for the concert arrangements. The production recounts in words and music the service of Marshall as Revolutionary soldier, diplomat, statesman and jurist and emphasizes his vast influence on the development of the Supreme Court. Whear, the composer, will conduct the Kennedy Center perfor- mance. He is a nationally-known composer and has received the American Society of Composers, Authors and Publishers [ASCAP) Complete loan information may be obtained from any VA office or from service officers of local veterans organizations. minium project acceptance have Award for 10 consecutive years. He totaled 158 with 3,400 units approved also serves as professor of music on for loans, the Marshall faculty. "The Chief Justice" has been performed four times during the last two years in Huntington, W. Vs., where Marshall University is located, and has received excellent reviews. Because of the size of the production, talented members of the community join students as performers. Several hundred Marshall Uni- .,rsity alumni live and work in the Washington area and they are being invited to attend the performance. Selection of Whear's epic to represent the state was made by the National Music National Federal co-sponsors of ill is no admission ening ,'st Vii ,levisk ialogu dates TO THE VOTERS OFGILMER COt .m. o I, Clark R. James, am a candidate Gilmer County. Born on a farm near reared at Baldwin, I have been a life Gilmer County. I am the son of the late James and Alma Reed James. Married Helen Radcliff, daughter of W. J. Ethel Canfield Radcliff, I have one son, senior at Glenville State College. I am a member of the Steer Run Glenville Lion's Club, Gilmer County the Gilmer County Coon Hunters Completing Law Enforcement had several years of law enforcement  fia well qualified to serve you. et Having no outside interests businesses, I pledge to the people of 's her full time to this office if nominated and continue to serve you honestly, efficiently as I have tried to do in the GLENVILLE PHONE 462.5272 Take Mother Out to On Mother's Day At Bernies Rests Special Orders Call for Reservatil