From statesman, August 17, 2008...
For more than 50 years, Pedernales Electric Cooperative directors protected a prominent Hill Country family's interests in co-op business with board resolutions and practices that continued even though questions were raised about the ties decades ago.
Now, a new wave of co-op leaders is charting a new course, signaling the beginning of the end of business relationships inherited by the children of the late A.W. Moursund, Pedernales' former general counsel.
This month, the co-op gave notice that it is ending its ties with banking and legal firms controlled by daughter Mary, son Will and daughter-in-law Ingrid Moursund.
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Wednesday, August 20, 2008
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