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ADDITION, WE ARE NOT THROUGH WITH OUR UTILITY FUNDING, HE POINTED <br />OUT THAT THE BOND MARKET REQUIRES DAILY PARTICIPATION; WE ARE GETTING <br />INVOLVED WITH MORE AND MORE COMPLEX TYPE FINANCING; AND THE ONLY <br />ALTERNATIVE TO A FINANCIAL CONSULTANT WOULD BE A FULL FLEDGED BOND <br />DEPARTMENT, WHICH HE FELT WOULD BE A GOOD DEAL MORE EXPENSIVE, <br />ATTORNEY COLLINS NOTED THAT THE STATUTE CALLS FOR ONE <br />MEMBER OF THE AUTHORITY TO SERVE FOR ONE YEAR, ONE FOR THREE AND <br />TWO FOR FOUR, SINCE THE COMMISSION AND NOT INDIVIDUALS ARE BEING <br />NAMED,.HE ASKED IF HE COULD DO THIS BY DISTRICT NUMBERS, THE <br />BOARD AGREED, <br />THERE BEING NO FURTHER BUSINESS TO COME BEFORE THE BOARD, <br />ON MOTION MADE, SECONDED AND CARRIED, THE BOARD ADJOURNED AT <br />2:55 O'CLOCK P.M. <br />ATTEST: <br />CLERK <br />J U L 131991 <br />X0046 PAGE OnJ2 <br />