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## Financial Contents 

9. MD&A 

13. Consolidated Statements of Income 

14. Consolidated Balance Sheets 

15. Consolidate Statements of Changes in Stockholders’ Equity 

16. Consolidated Statements of Cash Flows 

17. Notes to Consolidated Financial Statements 

27. Report of Independent Accountants 

28. Officers/Board of Directors 

29. Investor Information 

Water Transmission Facilities 

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Tubular Products Facilities 

