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1978 - 03-20-78 Regular Meeting
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1978 - 03-20-78 Regular Meeting
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11/9/2009 2:32:52 PM
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Minutes
Committee
Board of Commissioners
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BOOK 9 fu. 1 <br />thereafter the new hospital facility so that the revenue there- <br />from are and will be sufficient to pay operating, maintenance <br />and capital outlay expenses of the hospital facility and to <br />permit timely payments to the County equivalent to one-half <br />of the debt service on the County's general obligation bonds <br />issued to finance the hospital facilities, provided, however, <br />that this undertaking is an expression of the Board of Trustees <br />present intention but is neither an enforceable, contractual <br />commitment nor a covenant to charge and collect particular <br />rates and needs for hospital service; <br />HOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF <br />LEE COUNTY HOSPITAL, INC., as follows: <br />That the Board of Commissioners of Lee County are hereby <br />requested to file application with the Local Government <br />Commission, Raleigh, North Carolina, for its approval of issuance <br />of bonds of the County of Lee, which bonds shall be subject to <br />the approval of the voters of said County at an election and shall <br />be for the following purpose and the following maximum amount: <br />$12,300,000.00 of bonds to pay capital costs of providing <br />public hospital facilities, including the construction of a <br />building or buildings, the acquisition and installation of <br />furnishings and equipment and the acquisition of land or <br />rights-in-land." <br />
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