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MR. BENTON: Correct, no question about that.
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THE CHAIRMAN: And while I fully recognize what
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you are saying is true, ray personal experience has not been
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in the large metropolitan areas and counties which could
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not require voting such where you have any great problem.
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MR. BENTON: We're initiating this fall somewhat
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of a new procedure in reference to our long-range projects
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financed from bond funds, in that we are establishing a
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revolving designed fund, so that preliminary estimates can
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be prepared, engineering costs can be more accurately
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gauged before the loan is actually put to the voters, and
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this should do too things.
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It should lessen the delays and should result
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in more accurate information at the time the loan authori-
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zation is obtained.
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. THE CHAIRMAN: Good.
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MRS. HOFFMAN: Mr ... Case, could I say something
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that you covered while Mr. Rennie was speaking? Busy-
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body we, I thought I'd like to say --
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THE CHAIRMAN: Let me make this announcement.
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John, if this is satisfactory to you, I propose, as soon as
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