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Treasury Secretary names Texaco Chairman to lead U.S. Savings Bond Drive for oil and coal industries.

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--March 6, 1997--

-- Peter I. Bijur Bijur is a hamlet located in the Dakshina Kannada (South Canara) region of coastal Karnataka. The location of this town falls near Baindoor on the National Highway to Mangalore.

The family of Bijurs' from the Chitrapur Saraswat Brahmin caste, associated to Chitrapur Math.
 Accepts Charge to Head 1997 Drive to Increase

Employee Bond Purchases and Enrollment in Payroll Savings Plan --

Texaco Inc. today announced that its Chairman and Chief Executive Officer Peter I. Bijur has accepted the invitation of U.S. Secretary of the Treasury Robert Robert, Henry Martyn 1837-1923.

American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876).

Noun 1.
 E. Rubin Ru´bin

n. 1. A ruby.
 to serve as 1997 Chair of the Petroleum, Coal & Refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar  Industry Savings Bonds Savings bond

A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates.

savings bond

A nonmarketable security issued by the U.S.
 Campaign. In this capacity, Bijur will direct this year's program, under which employers in the industry will be asked to actively encourage their employees to buy U.S. Savings Bonds, principally by enrolling in the Payroll Savings Plan.

"I am pleased and honored hon·or  
1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate.

a. Good name; reputation.

 to have been chosen for this important effort by Secretary Rubin," Bijur said. "I believe Savings Bonds are good for our nation, and can serve individual employees as part of a balanced savings program and a complement to employer-provided retirement and savings plans. On behalf of the petroleum, coal and refining industry, I will seek the patriotic support of employers and employees alike in making this 1997 U.S. Savings Bond Campaign a success."

As Chair of the industry campaign, Bijur will contact CEOs of other companies in the industry, urging them to participate vigorously vig·or·ous  
1. Strong, energetic, and active in mind or body; robust. See Synonyms at healthy.

2. Marked by or done with force and energy. See Synonyms at active.
 in the Savings Bond Campaign, whose theme this year is "A Great Way to Save." Texaco will publish advertisements in industry publications, telling customers, suppliers and other oil, coal and refining companies about the need for Americans to save more, and how Savings Bonds and the Payroll Savings Plan address that need.

Texaco will also conduct an active Savings Bond Campaign within its own organization in May to increase the percentage of its U.S. employees who purchase bonds through payroll deductions.

"U.S. Savings Bonds are the most widely held security in the world today," Bijur said. "They offer an affordable package of outstanding benefits, including market-based interest rates, complete safety and security, liquidity and tax advantages. I urge everyone to consider investing in U.S. Savings Bonds as a disciplined, systematic way to build future security for themselves and their families."

CONTACT: Texaco Inc.

Jim Swords, 914/253-4156
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Publication:Business Wire
Date:Mar 6, 1997
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