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MR. BOND: Governor, one other comment on the
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financing. There has been some suggestions made that the
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revenue, as far as issuing bonds for the State, that the
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Constitution should be liberalized on that. Do you have
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any comments on raising money through bond issues?
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GOVERNOR TAWES: Money for what purposes?
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MR. BOND: Well, for highways, bridges, schools
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and things like that.
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GOVERNOR TAWES: Should be liberalized?
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MR. BOND: Yes, sir.
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GOVERNOR TAWES: In what way?
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MR. BOND: Well, what I believe the present
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Constitution provides, Mr. Eney, you are more an expert
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on this one than I era, what is it, a limitation of —
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MR. ENEY: Fifteen year provision.
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MR. BOND: Yes, sir.
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MR. ENEY: I think what they are talking about,
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Governor, is the possibility of amending the constitutional
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provision that limits the maturity of State bonds to fif-
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teen years.
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GOVERNOR TAWES: Well, under our present system,
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