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healthcare has given healthvest a N N note for that overdue amount to be repaid over three years |
in addition healthcare agreed to make monthly rent and mortgage payments of $ N million to $ N million to healthvest during the standstill period to be paid when healthcare successfully <unk> asset sales |
because healthcare actually owes healthvest $ N million in rent and mortgage payments each month the amount due above the amount paid will be added to the three-year note |
the funds should help ease a cash <unk> at healthvest which has been unable to pay its debts because healthcare has n't made complete rent and mortgage payments since july |
a spokesman said healthvest has paid two of the three banks it owed interest to in october and is in negotiations with the third bank |
healthcare which has been in a severe liquidity <unk> said it is able to make the payments because it completed a transaction with <unk> rehabilitation group inc. in which <unk> purchased stock and warrants for $ N and <unk> healthcare $ N million |
the loan is backed by healthcare 's N N stake in healthvest and interest in certain facilities |
i was pleased to note that your oct. N centennial journal item recognized the money-fund concept as one of the significant events of the past century |
actually about two years ago the journal listed the creation of the money fund as one of the N most significant events in the world of finance in the 20th century |
but the reserve fund america 's first money fund was not named nor were the <unk> of the money-fund concept harry brown and myself |
we <unk> telephone redemptions daily dividends total elimination of share certificates and the constant $ N <unk> pricing all of which were painfully thought out and not the result of some <unk> on the part of the sec |
president |
the reserve fund |
the <unk> moment in the career of joseph f. o'kicki came as N local and state <unk> packed into his elegant <unk> courtroom here last year for his <unk> in as president judge of cambria county |
baskets of <unk> and <unk> <unk> <unk> his bench |
the local american <unk> color guard led the way |
as the judge marched down the center <unk> in his flowing black <unk> he was <unk> by a <unk> fanfare |
to many it was a <unk> more <unk> a king than a rural judge <unk> in the isolated foothills of the southern <unk> <unk> |
but then judge o'kicki often behaved like a man who would be king and some say an arrogant and <unk> one |
while his case may be extreme it reflects the <unk> of many small communities to <unk> judges |
last march nine months after the judge 's <unk> the state attorney general 's office indicted him on a sweeping array of charges alleging more than N years of official <unk> in cambria county a depressed steel and mining community in western pennsylvania |
the allegations ranging from theft and bribery to <unk> and <unk> <unk> a <unk> picture |
according to testimony in a public <unk> <unk> report handed up to the state attorney general judge o'kicki <unk> cash from lawyers <unk> favorable loans from banks and <unk> local businesses for more than a decade |
prosecutors in an indictment based on the grand jury 's report maintain that at various times since N he owned a secret and illegal interest in a beer <unk> <unk> hidden ownership interests in real estate that presented an alleged conflict of interest set up a <unk> corporation to buy a car and obtain insurance for hi... |
in testimony recorded in the grand jury report court employees said the judge now N years old <unk> his secretaries made imperial demands on his staff and <unk> anyone who crossed him |
<unk> claimed they were required to <unk> him to and from work <unk> his lawn <unk> his wood fix his car and even drop by his house to feed his two grown <unk> <unk> and <unk> |
one former <unk> charged that the judge <unk> him by <unk> on a promise of a better paying job after <unk> a $ N bribe |
some of the allegations are simply bizarre |
two former secretaries told the grand jury they were summoned to the judge 's chambers on separate occasions to take <unk> only to find the judge in his <unk> underwear |
one secretary testified that the judge once called her to his office while wearing nothing at all |
the judge suspended from his bench pending his trial which began this week <unk> denies all the allegations against him calling them <unk> and <unk> political <unk> |
he blames the indictment on local political <unk> <unk> with his aggressive efforts to clear the courthouse 's <unk> and a <unk> by state investigators and prosecutors angered by some of his rulings against them |
i do n't know whose <unk> i 've stepped on says the judge |
i 'll find out eventually who pushed the state police <unk> into action |
even if only some of the allegations stand up however they provide ample testimony to the <unk> power of judges in rural communities |
that power can sometimes be abused particularly since <unk> in smaller <unk> operate without many of the restraints that serve as <unk> measures in urban areas |
lawyers and their clients who frequently bring business to a country courthouse can expect to appear before the same judge year after year |
fear of <unk> that judge is pervasive says maurice <unk> founder and director of the rural justice center in <unk> <unk> a public interest group that <unk> rural justice issues |
as a result says mr. <unk> lawyers think twice before appealing a judge 's ruling are reluctant to mount or even support challenges against him for re-election and are usually loath to file complaints that might <unk> a judge 's integrity |
judge o'kicki a stern and <unk> man has been a <unk> in the local legal community for more than two decades |
the son of an <unk> <unk> of <unk> <unk> he was raised in a small borough outside <unk> the cambria county seat and put himself through the university of pittsburgh law school |
he <unk> near the top of his class serving on the school law review with richard thornburgh who went on to become governor of pennsylvania and now u.s. attorney general |
it was also in law school that mr. o'kicki and his first wife had the first of seven daughters |
he <unk> his first wife three years ago and married the daughter of his court clerk |
last year pennsylvania supreme court justice john p. <unk> called mr. o'kicki one of the <unk> judges not only in pennsylvania but in the united states |
clearly the judge has had his share of <unk> |
after practicing law locally he was elected to his first 10-year term as judge in N in N he was effectively <unk> |
six years ago judge o'kicki was voted president of the pennsylvania conference of state trial judges by the state 's N judges |
he has been considered several times for appointments to federal district and appellate court <unk> in pennsylvania |
and when he ran unsuccessfully for a state appellate court seat in N the pennsylvania bar association rated him one of the best available after <unk> local lawyers |
he probably was the <unk> guy who ever sat on our bench says a former president of cambria county 's <unk> bar association who like most lawyers in cambria county refuses to talk about the judge publicly |
he 's sharp as a <unk> |
he could grasp an issue with the <unk> of an eye |
for more than a decade virtually no one complained about judge o'kicki |
what about those institutions that are supposed to be the <unk> of society the banks and the bar association wrote a columnist for the <unk> a newspaper in nearby <unk> shortly after the scandal became public |
if only a banker or a lawyer had spoken out years ago the judicial process would n't be under the <unk> it is today |
officials with the pennsylvania judicial inquiry and review board the arm of the state that <unk> judicial misconduct counter that they had no <unk> of anything <unk> in <unk> |
nobody told us nobody called us says an official close to the case who asked not to be named |
nobody had the <unk> to complain |
certainly not the lawyers |
<unk> attorney richard j. green jr. <unk> out $ N in loans to the judge over five years he said in testimony to the grand jury |
the judge never made a <unk> of <unk> the money said mr. green |
eventually mr. green testified he began <unk> out of his office rather than face the judge when he visited |
when mr. green won a $ N verdict in a land <unk> case against the state in june N he says judge o'kicki unexpectedly awarded him an additional $ N |
mr. green thought little of it he told the grand jury until the judge walked up to him after the courtroom had cleared and suggested a <unk> |
do n't you think i ought to get a commission or part of your fee in this case mr. green said the judge asked him |
<unk> mr. green never paid the money he testified |
but he did n't complain to the state 's judicial inquiry and review board either saying later that he feared <unk> |
mr. o'kicki said he will respond to mr. green 's <unk> at his trial |
like most of cambria county 's lawyers and residents who had dealings with the judge mr. green declined to be interviewed for this article |
and no one with a complaint about the judge would allow his name to be printed |
i do n't have anything much to say and i think that 's what you 're going to find from everyone else you talk to up here says local attorney edward f. <unk> |
says another lawyer the practice of law is a matter of <unk> one 's <unk> when you live in a small community |
one had best not dance on top of a <unk> until the lid is <unk> tightly shut |
the judge was considered <unk> <unk> and ambitious those who practiced before him say |
he <unk> tea sweetened with <unk> from his <unk> leather chair at his bench while <unk> notes ordering <unk> to stop <unk> or to take off their hats in his courtroom |
four years ago he jailed all nine members of the cambria county school board for several hours after they <unk> his order to extend the school year by several weeks to make up for time lost during a teachers ' strike |
visitors in his chambers say he could cite precisely the years months weeks and days remaining until mandatory retirement would force aside the <unk> president judge giving judge o'kicki the seniority required to take over as the county 's top court administrator |
the judge they say was fiercely proud of his <unk> and <unk> |
my name is judge judge o'kicki told a car salesman in <unk> when he bought a new red <unk> <unk> in october N according to the <unk> report |
the dealership <unk> recorded the sale under the name judge o'kicki |
yet despite the judge 's imperial bearing no one ever had reason to suspect possible wrongdoing says john <unk> president of cambria county 's <unk> bar association |
the <unk> of a judge his <unk> the way he handles people are not a basis for filing a complaint says mr. <unk> |
until this came up and hit the press there was never any indication that he was doing anything wrong |
state investigators dispute that view now particularly in light of the judge 's various business dealings in cambria county |
the judge came under scrutiny in late N after the state attorney general 's office launched an unrelated investigation into corruption in cambria county |
the inquiry soon focused on the judge |
even his routine business transactions caused trouble according to the grand jury report |
when the judge bought his new <unk> from james e. black <unk> in <unk> five years ago the dealership had certain <unk> about the judge 's reputation according to the <unk> report |
the dealership took the extra step of having all the paper work for the transaction <unk> by <unk> 's local lender laurel bank |
then as an additional <unk> the car dealership took the judge 's photograph as he stood next to his new car with sales papers in hand proof that he had received the loan documents |
but when the judge received his payment book he <unk> the deal |
there was no loan there is no loan there never shall be a loan the judge wrote the bank on his judicial <unk> according to the report |
later the judge went a step <unk> |
after laurel bank tried to <unk> the car a vice president asked him to intervene in an unrelated legal dispute involving a trust account |
the judge wrote again |
i find myself in an adversary relationship with laurel bank and i am not inclined to extend myself as far as any favors are concerned the judge wrote back in a letter attached to the grand jury 's report |
perhaps if my personal matters can be resolved with laurel bank in the near future i may be inclined to reconsider your request |
the judge now says it was unfortunate that he chose to write the letter but says there was certainly no intent to <unk> there |
the bank <unk> |
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