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January 31, 1975 - Image 12

Resource type:
Text
Publication:
The Detroit Jewish News, 1975-01-31

Disclaimer: Computer generated plain text may have errors. Read more about this.

Arab Withdraws Offer to Buy Community National Bank

Ahmad C. Sarakbi, a Leb-
anese oil broker, has aban-
doned his effert to buy con-
trol of the Community Na-
tional Bank of Pontiac be-
cause his backer, a North

W YOU TURN THE

UPSIDE DOWN YOU WON'T
FIND A FINER WINE THAN

'Milan Wineries, Detroit,

Brunswick, N.J., Teamster
union pension fund, was with-
drawing a $9 million loan
commitment.
Sarakbi said the backing
evaporated because of a suit
filed by the bank manage-
ment charging him with se-
curities violations. The bank
obtained a temporary re-
straining order Jan. 15, but
the order was lifted last
week. The bank board of di-
rectors is continuing the suit,
however.
In a statement, Sarakbi
said he was returning about
270,000 shares in the bank

You'd go
a long way for a
weekend like this,
but isn't it nice you
don't have to?

Who needs all that traveling when you can
have LAuberge dining, Golden Grape
cocktailing, Somerset Mall Shopping,
heated pool and health club plus a luxurious
room to relax in all in one package?
Call us now for reservations!

Big Beaver Rd., east of Coolidge, Troy, Mich. 48084
Phone (313) 643-7800
Adjacent to Somerset Mall

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FORESTS

that bear your name

Long after you have gone, forests in Israel
renewing themselves in the cycle of sea-
sons, will keep your memory ever green. :
When making your Will, provide that a
forest in Israel be planted in your name or
in that of someone dear to you, handing
down your last wish from generation to
generation.

A bequest to the J.N.F. is a bequest to the

entire Jewish people. linking the name
of the Testator with Israel in perpetuity.

For information and advice

in strict confidence apply to

THE FOUNDATION FOR THE

JEWISH NUMMI FUND

22100 Greenfield Rd.
Oak Park, Mich. 48237-968-0820

NEW CADILLAC?

that had been tendered to
him. He had offered to buy
400,800 of the bank's 800,000
shares for $21 each.

ditional funding for the Ren-
aissance Center, which will
eventually include a 70-story
hotel, four 40-story office
In a defensive merger de- buildings and apartments and
signed to block Sarakbi's ac- shopping areas overlooking
quisition, the bank board the Detroit River.

signed an agreement Jan. 14
to sell to Security Bancorp
of Southgate.

The withdrawal of Sarak-
bi's offer was a defeat for
Alfred Glancy III, with was
trying to raise cash to help
settle the estate of his father,
Alfred Glancy, Jr., a former
owner of the Empire State
Building.
Meanwhile, Arab oil money
is still being sought in down-
town Detroit.
Henry Ford II, president
of the Ford Motor Co., and
Wayne S'. Doran, coordinator
of Ford's $600-million De-
troit Riverfront development,
the Renaissance Center, re-
cently disclosed that they are
seeking Arab support for the
project which has soared in
cost due to inflation.
Doran told reporters that
he and Ford are seeking ad-
ditional funding at meetings
in New York; Chicago and
Los Angeles. They met with
financial experts in New York
earlier this month to get ad-

Nazi Extradition
Treaty to Be Ratified

A SOMERSET INN
J

12—Friday, January 31, 1975 THE DETROIT JEWISH NEWS

BONN (JTA) — The West
German Parliament is ex-
pected to ratify this week the
disputed Franco-German Nazi
Retrials Treaty. • If ratified,
Nazi criminals convicted in
absentia by French courts
will be liable to prosecution
in West Germany.
• Among the Nazi criminals
Who can expect trial in West
Germany is former Paris ge-
stapo chief Kurt Lischka,
who was sentenced after the
war for his part in deporting
thousands of French Jews to
concentration camps in East-
ern Europe.
Ratification of the treaty
has been speeded up due to
the efforts of Nazi hunter
Beate Klarsfeld. Her trial last
year in Cologne for the at-
tempted abduction of Lisch-
ka brought adverse publicity
for Free Democrat Ernst
Achenbach. He was formerly
a Nazi diplomat in Paris, and
held up the treaty ratifica-
tion - process until he was
fired last autumn.

Program Relocates
NY Elderly Jews

NEW YORK (JTA)
Poor elderly Jews, most of
them widows and widowers,
are being relocated to apart-
ments in safer environments
in Operation Relocation, a
pilot program of the Jewish
Association for Services for
the Aged.
The program, funded with
a $100,000 grant from the
Federation of Jewish Phil-
anthropies, has a target for
relocation of some 100 aged
persons and their families.
More than 50 Jews and their
families have been relocated
since the program got under-
way last summer.
Another 150 applicants are
being screened by JASA or
processed for . relocation by
the New York City Housing
Authority, which provides
rent subsidies to senior citi-
zens leasing apartments in
private housing develop-
ments

BUY OR LEASE FROM

ANDY BLAU

in BIRMINGHAM at

WILSON-CRISSMAN CADILLAC

Sinai Appoints
Fiscal Officer II

CALL BUS. MI 4-1930
RES. 642-6836
1350 N. WOODWARD, BIRMINGHAM

Luorioali
OAK PARK PLAZA

Charles E. Kraus, C.P.A.,
has joined Sinai Hospital of
Detroit as director of fiscal
affairs.
Kraus served as controller
for St. Joseph Hospital in

SY DRAFT

DRAFT.

OFFICE ART AND DRAFTING SUPPLY
OFFICE FURNITURE

E

23067 Coolidge Highway, Oak Park 544-2430

TYPEWRITER STAND







CHARLES KRAUS

Flint, and prior to that was
employed in the fiscal de-
partments of Henry Ford and
Detroit Osteopathic Hospitals.

WITH

PURCHASE
OF ANY
DESK

OFFICE SUPPLIES
OFFICE FURNITURE
OFFICE MACHINES
COPY SUPPLIES • PRINTING
DRAFTING & ART SUPPLIES

BUY NOW & SAVE!

grourforsi

FASHIONS FOR THE

TAILORED MAN

SUITS

Formerly

Phoenix
$155-$165
Jacques Heim
Boutique
Collection
$160-$195
Hammonton Park $220-$260
Berri DeMontigny
of Montreal
$235-$265
John Hampton
$165-$190
Brion' of Italy
$400-$475

1st Semi-
Annual

Now
From
$ 77.50

$113.75
$143.00

$164.50
$ 82.50
$225.00

SPORT COATS

Formerly $125 to $210 Now From $7 5.0 0

LEISURE SUITS

SALE

Our first semi-annual
sale is to make room
for spring and summer
merchandise arriving
daily, in time for the
cruise wear season.

Complete selection
of all sizes, from
38 short to 48 long.

20% to 50% OFF

SLACKS - Sport & Dress SHIRTS

The finest European
tailoring by Matteo

20% to 25% OFF

We are located just
southeast of 11 Mile.

Turtle Neck SWEATEFtS

Pringle of Scotland
Gino Paoli
Prince Igor

STORE HOURS

ALL 50°/0 OFF

N

-

MON., THUR., FRI., 10: 00 8:,30
WED., SAT., 10:00-6:00

TUES.,

All major credit
cards honored

1

Gentlemen's Quarter

26820 Southfield Road
Lathrup Village, Mich.

Phone:. 557-3060

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