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you voted for these bonds, and you told us to raise our
charges so you wouldn't have to increase our taxes.
So you are not going to be able to complain about your
hospital bill.
If hospitals fail to make that $3 million payment
a year, this means that our taxes will go up. How much?
They'll go up 25 cents on the hundred. Right now,
you pay 55 cents per hundred dollar valuation. You just
got your tax bill. If the hospitals fail to make their
payments, then we are legally obligated to make the
payment anyway. Most of you saw in the paper this little
notice that says taxes shall be levied. A tax will be
levied to pay the principal ofand interest on the bonds.
That's a legal notice,
So if the taxes are levied and you're going to pay
25 cents more. Folks, I'm not against good hospitalization.
I think I've done a lot for Iredell Memorial Hospital.
I've been on the board of trustees out there for as long
as they have had it, and I have worked hard for the bond
that has not been paid off yet. I simply don't think we
can afford this one. To put Iredell County in debt $60
million right now, if we don't have to do it. it's just
the wrong thing to do. We're not getting any beds, I think
all of you understand that, I admit that they probably
need some improvements out there. I don't question this a bit.
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