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<br />, <br /> <br />........ -a.n. <br /> <br />~ UU~r U.LU <br /> <br />, . <br /> <br />With respect to its own,reserves. the Company.has $250.000 on <br />hand at this time and .will collect from its'assessments ~he <br />balance of what is needed before construction, <br /> <br />. <br />The loan from the Bciard would be at five percent fo~ 40 <br />years. Under this financing arrangement, -the Company would <br />.pay the Board $24,477.60 per year for 40 years, for a total <br />repayment of $979.104. . <br /> <br />" <br /> <br />. <br /> <br />-2.;.. <br /> <br />" <br />