[News Script: Carr-Osorio lead] Page: 1 of 2
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K6 9
1: YYXYYXQYY
5I8
CARR'-OSOBIO LEAD
BY GODFREY ANDERSON
ASSOCIATED PRESS WRITER
DALLAS A '05
~~~4AGGONER CARR
TESTIFIED TODAY THAT HOUSTON FIN-
ANC IER Th ANK SH ARP AND J OE
NOyOTNY "*TOOK OVER AND AGREED
TO PAY THlE NOTE"M ON A $SC0iC
LOAN TO OARR AND J OHN OSORIO.
PRESENTING HIS OWN DEFENSE IN
HIS TRIAL FOR MAIL ThAUD, OARR
SAID, **NOVOTNY, OSORIO AND I
ENTERED INTO AN AGREEMENT TO
PURCHASE FROM J OlIN BEAIRD THE
SOUTH ATLANTIC CO. 5 AND
R IO STOCK."*
A~g~s00MIS ON TR IAL
CARR SAID HE WENT INTO THE
DEAL LARGELYY ON THE ADVICE OF
MY GOd5D IFEIEND J OHN 05011I0. I
THOUGHT IT WAS A GOOD IN-
VESTMENT, GOOD ENOUGH FOR ME,
( TO OBLIGE MYSELF FOR $50C,C OQ.
BUT IT WAS AN INVESTMENT THAT
WENT 5OUR.*'
N AT IONAL BANKER S LIFE IN SUR-~
ANCE, A SHARP-CONTR OLLED COM~ .
PANY OF WHICH NOVOTNY V#AS
PRESIDENT, EVENTUALLY HAD TO
PAY FOR THE LOAN.
CARR TESTIFIED HE EXPECTED TUE
EVIDENCE TO SHOW THAT ANOTHER
LOAN AT ONE BANK WAS A GOOD
L~OAN FOR THE BANY WHICH MADE
MONEY ON IT '"AND WAS MORE
THAN ADEQUATELY COLLATER ALIZED. "
'iE ADDED THAT A THIRD LOAN
VvAS A GOOD LOAN WITH MOP]E
THAN ADEQUATE COLLATERAL, AND
ALL DUE INTEREST WAS PAID UNTIL
SHARP AND NOVOTNY *"TOOK OVEROUR EFFORTS TO SAC AiND RIO AND
AGREED T O P AY THE NOTE. "
CARR SAID HE WAS FORCED TO
RESIGN ALL HIS POSITIONS VJITH
RIO AND THEY REFUSED TO PAY
HIM HIS SALARY AND ALSO, REFUSED
TO PAY HIS LAW FIRM $45,cOO FOR
SERVICES.
CARP SAID AFTER lIE RETURNED TO
AUSTIN TO ATTEMPT TO BUILD HIS
LAW PRACTICE, HE BEGAN GETTING
PHONE CALLS FROM A BANK 0FFI-
CER, SAYING THE BANK WAS HOLD-
ING HIM LIABLE BECAUSE HIS
NAME WAS ON THE $5CC,COC NOTE.
ICARP SAID EVIDENCE WOULD
SHOW THAT SHARP "*FAILED TO LIvE
UP TO HIS COMMITMENT TO PAY
THE LOAN" AND AFTER NDL PAID,
IT PROMPTLY FILED A CIVIL SUIT IN
I971 AGAINST 05011I0 AND HIM FOE
THE AMOUNT OF THE LOAN, PAST IN-
TERST AND ATTORNEY FEES.
THAT SUIT IS STILL PENDING IN
DALLAS COURTS, HE SAID~,
05011I0, GRAF 4 406-I9-78 II.36ACS
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WBAP-TV (Television station : Fort Worth, Tex.). [News Script: Carr-Osorio lead], script, March 19, 1973; Fort Worth, Texas. (https://digital.library.unt.edu/ark:/67531/metadc1794663/m1/1/: accessed August 15, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Special Collections.