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- ' .tills rr S o ' iiS . EQIAL:''MEETIING ,
<br /> - OF 'T i-E SOA D.OF`. .M SCI NtrS:'. , : i f -
<br /> 4
<br /> "'° .. . -. the,Special Meeting of the Ord Of Commissioners for Lee County,-No
<br /> Carolina; 'convened in the,„Co>uw ' or, m issioners' ,''at the Lee County Courthouse, Sanford,
<br /> North Carolina,:on.Friday, i•'May 190;..1967 -at-g'.o'clock,:p:.,in. the satr'e being the
<br /> time, .date and place of ibtfrneeting Specified in•the call isssied by'the Chairman.-- .
<br /> .:' - ' -Those press t:s*ere: Chairmen job E. Potterer; Cozranisaioners Max :' •
<br /> ( McLeod,
<br /> A. '. . hite,.'Fraanklin 0. *Wicker, and Ctmrlea Ro rert.Yew. . None of t:ee ';' :, • .
<br /> commissioners wereabsent.
<br /> 'Ctrairman John:2:".;totterer presided. d-the following business'*as ',. -
<br /> ttdfndsactel
<br /> ..'Y, 1Coeu: .lssioncr:A.tl= , iWhite €moved"tx'at:the'following resolution be.adopted
<br /> Y.ya- v•, • - ,it�q 1 ,. - ..:.,.gi,,.1•,�.q::` ,1.`,.;...:1 ': `1 - • ; , .
<br /> . Dialf:Ft. AS, the bond Otani hereinafter. described his taken _
<br /> O effect aid the_Board:of Commissioners'd tsires to nnake-furtliea pro-
<br /> ' vision for the.issuan of the bondss:"to:he issued pursuant to.said . '.
<br /> ,' .,::fond order•: , NOW, 7HaftUFOR2, -
<br /> BFttit BESO .il ny theBoard of con rnicsion s of the
<br /> - , Cou
<br /> nty nty, of L.ce'as tollowei;#
<br /> . • ' . '
<br /> ,.,F .,
<br /> — - (1) 7 l .e'C+xaaitv''isi ! {lakisltaafter, referred to as
<br /> :' ." snty"}:shall:ism its bonds ar,tiae;•aggregate principal : - - .
<br /> atnouft 0-510S:0w, por ua tt to and in decordance witi the.::" - .
<br /> toed order entitled "por :Order•euttinriiing the issuance of. • `
<br /> z $105,0 School Bonds Cliche County of Lee"-,.adopted by.i7the.`'•: -
<br /> •
<br /> . Beard of Cow• .iosionors of tieCauntp.: 'March 6. 1967..• �:t.._. _
<br /> - •of said bands.s all•be designated "School 'SoaeCT. Acting puratam
<br /> to . ction-i3S°-S0, of.the County."F'inance Act, he Board of• ' . • .
<br /> •
<br /> ' • . .. ofn isaloners has,ascertained and hereby' rtaines.tuat each _
<br /> ' of the sm--c building to ee finaancea y the leonine&of said bands is
<br /> - ol,either fireproof const t :tion"or non-fireproof construction as. :
<br /> - . . ;defined'is said Section ,ice-8d, and that the life of cash of the ••
<br /> • - - ..'i iprovem�ztS`ddescri� In'said.bond•order inthirty.years, ; - ' ,: :
<br /> . . comptuted'kern June.1; ..19a7,.. . .,,
<br /> • (2)'_ .Said Scheel goads shall:be of the de ination of'; , . -:'. .= •
<br /> S,00tl each.eed Shall be.numbered-free) Ito al, inclusive, lip. ; > •
<br /> . the•trrder'off their maturity,, shall' be-.dated Jan 1,, 71967;:and`• ` .. .
<br /> . shall bp_payable In an aual-instailhuen;t�.fa,on June 1 in each year es. . . , '
<br /> - • :'fellows, viz..,.:$5, ! in the year J968 and $10,000."in each of the
<br /> . ,;;gears 19t9 to 1975. inclusive . '
<br /> a-
<br /> -,•i 'p ♦ . .
<br /> (S} Each bond sheik dear ingest fromits date at fa•raft
<br /> ' Which Shall be hereafter.determined'"and'whic f Shall not canoed six • -
<br /> Per.centuxn (OD per annum.- Such iattereat shalibc payable, soli- _
<br /> • ,_ Annually.on June 1 and Cctem r.:i. .
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