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that we should travel in this process. Also, what we want
you to know is that we have presented this evening is backed
by a very thorough study of the facts.
"Our feasibility study concerned us greatly because we
wanted to be absolutely satisfied that we could repay G. 0.
bonds from hospital revenues, so we went to our accounting
firm, Cherry, Beckard and Holland, a company fully qualified
to make such a study, and asked them to make a feasibility
study. After months of preparation, they presented us with
the fact that we could, in fact, repay our indebtedness on
G. 0, bonds.
"We know your concern has also been is this possible.
All that we can say to assure you is that from all the reports
gathered over the past few months indicated conclusively
that we can repay the bonds from hospital revenues without
one penny increase in taxes to the Iredell citizens. We
want you to know this and we want the citizens of Iredell
to know this. We feel that this is critical for a successful
campaign.
"Last evening, we had a corporation meeting of the
Lowrance Hospital Corporation. It is only the second called
meeting that I can ever remember that we have had. At this
meeting, we presented this same presentation, and the meeting
lasted approximately an hour and a half --hour and forty-five
minutes. We had many questions. At the conclusion of the
meeting„ a motion was introduced that the following resolution
be adopted:
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