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FILE COPY <br /> The Village Companies <br /> 88 McClamroch Circle•P.O. Box 3300•Chapel Hill, North Carolina 27515.9191988.4811 Robert E.Woodruff <br /> Vice President and Controller <br /> June 24, 1986 <br /> Ms. Pam Jones <br /> Orange County Purchasing <br /> 300 W. Tryon <br /> Hillsborough, NC 27278 <br /> Dear Pam: <br /> This will confirm our conversation concerning the Fourth of July. <br /> The Kiwanis Club is covered under the liability policy of Kiwanis <br /> International which policy is in excess of $1,000,000. <br /> If you have further questions, please let me know. <br /> Best regards, <br /> /X 1 <br /> Robert E. Woodruff <br /> REW/kab <br />