Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, April 29, 1993 TAG: 9304290118
SECTION: BUSINESS PAGE: B8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Carilion Health System on Wednesday delayed selling $57.6 million in tax-exempt industrial revenue bonds. The sale was expected Wednesday, but the Roanoke-based hospital company will wait until the market improves, said Vice President Robert Tonkinson.
The bond issue is to refinance loans that are paying for improvements at Community Hospital of Roanoke Valley, Franklin Memorial Hospital, Roanoke Memorial Hospitals and Saint Albans Psychiatric Hospital. Tonkinson said the bonds will be offered when the market offers a better price. - Staff report
\ Connex likely to get its pollution permit
The state Department of Environmental Quality's Roanoke regional office has recommended granting an air pollution permit to Connex Pipe Systems, the Ohio company that is negotiating to set up operations in Botetourt County.
The office had concerns about the company's proposed protection in its use of zinc in spraying pipe. But the agency concluded that Connex uses an efficient filter that meets state requirements, said Don Shepherd, director of the regional air office.
The permit still must be issued by the state environmental quality office, but it usually accepts recommendations of its regional office, Shepherd said Tuesday. His office was sending a draft permit for Connex to Richmond.
The company has said real estate negotiations for a Troutville building have held up its proposal to move from Marietta, Ohio. - Staff report \
Defense contractors to get briefing
One of four Virginia briefings on Defense Technology Conversion Council proposals for manufacturers hurt by defense downsizing will be held from 9 a.m. to noon today at the Roanoke County Administrative Center.
Nationally, $472 million is available to help with the reductions. The briefing will explain Virginia's strategy for defense technology conversion and offer ideas.
The briefing is free, but participants should register by calling Julia Nicholas of the Virginia Department of Economic Development at (804) 371-8215. - Staff report
\ Briefly . . .
\ Signet Banking Corp.'s directors voted Wednesday to increase its common stock dividend 33 percent, from 30 cents to 40 cents a share. The change raises the annual rate to $1.60 a share and follows a 50 percent jump to $1.20 a share six months earlier. The new dividend is payable May 26 to stockholders on May 10.
\ About 130 employees of the Polymer Corp. at Wytheville will be eligible to vote on representation by the United Steelworkers of America in a National Labor Relations Board election on May 5. Voting will be 6:30-8:30 a.m. and 3:15-3:45 p.m. Polymer workers rejected representation by the International Ladies Garment Workers Union 76-43 in 1978.
\ First Union Corp. Virginia, parent of Roanoke-based First Union National Bank of Virginia, on May 27 will redeem $40 million in floating rate subordinated notes due in 1997. The notes were assumed by First Union in connection with its acquisition of Dominion Bankshares Corp. The redemption price is 100 percent of the principal amount plus interest due May 27.
\ Appalachian Power Co. will redeem two outstanding series of first-mortgage bonds on May 27. Apco will redeem the outstanding principal amount of its 9\ series bonds due in 2007 and the outstanding principal amount of its 8 1/2 percent series due in 2004.
by CNB