EXHIBIT 12.1 

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

	Year			Year			Year			Year			Year			Year
	Ended			Ended			Ended			Ended			Ended			Ended
	December 31, 2011			December 31, 2010			December 31, 2009			December 31, 2008			December 31, 2007			December 31, 2006
Net Income	$	9,889,537		$	15,627,834		$	17,994,036		$	16,282,037		$	16,826,749		$	15,194,281
Add:
Interest on
indebtedness		4,956,450			4,445,475			4,346,519			5,006,460			4,712,893			4,486,743
Amortization of
financing costs		314,243			266,469			288,235			172,954			182,872			138,028
Earnings	$	15,160,230		$	20,339,777		$	22,628,790		$	21,461,451		$	21,722,514		$	19,819,052
Fixed charges and
preferred stock
dividends:
Interest on
indebtedness	$	4,956,450		$	4,764,709		$	4,567,301		$	5,564,105		$	5,268,893		$	4,684,743
Amortization of
financing costs		314,243			266,469			288,235			172,954			182,872			138,028
Fixed charges		5,270,693			5,031,178			4,855,536			5,737,059			5,451,765			4,822,771
Add:
Preferred stock
dividends		-			-			-			-			-			-
Combined fixed
charges and
preferred stock
dividends	$	5,270,693		$	5,031,178		$	4,855,536		$	5,737,059		$	5,451,765		$	4,822,771
Ratio of earnings to
fixed charges		2.88	x		4.04	x		4.66	x		3.74	x		3.98	x		4.11	x
Capitalized interest		-			319,235			220,782			557,645			556,000			198,000
		2.88			4.04			4.66			3.74			3.98			4.11