objection to the one Ordinance making provision for floating the two different types of loan (a tap issue and a premium bond issue). If there is any objection, presumably two separate Ordinances could be enacted both being limited to a maximum of 8100 million, but each Ordinance to contain the

proviso that the total issued under both Ordinances shall not exceed $150 million in all.

Yours sincerely,

(N.L. Mayle)

72 A

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