We had excellent insurance, which at least was able to pay...

We had excellent insurance, which at least was able to pay for rebuilding the club back to the way it was. But we also wanted to use the opportunity to make some improvements. So we had a limited bond issue among our members, and also took out a small mortgage. Even after all this, our equity-to-debt ratio is about 5-1, which is excellent for any organization.

Paul Sandler Quote About Among, Bond, Club, Excellent, Issue: We Had Excellent Insurance Which...

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