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• t 'rv( .t .1,.. • _ e:.. ..5,[^ , :.der '1
<br /> X ref :•d- '.4 . 1{. a..1 .-... • ;•. ,
<br /> •
<br /> foi such eh; it plane facilities sunie.az ounting In the;=.. ::,. "
<br /> .' • -,• ,':`iiggrcgitte'to more than. $it�S,OOO,nit addition':to other :- •
<br /> moneys'available : ,
<br /> 1•' ibex feii::�i7 ram..tEiEittItz'£lict.; < ' .
<br /> ;. • . BE•ft OrDERED'by tie Board of Commissioiners- . • -
<br /> of the Cotant!%'af T:at, aal'foita5uas: '' ,
<br /> J Sectloa'1. •ThaBoard of Cot thlssicnetp of tie '
<br /> °`;Ccauntiy of Lee has•asceratainedanid-hereby:deterraines that. it' ;.
<br /> `:: a. :fa necessary to erect'in.the;Sark-for'd City School:Adtniiiistra-,:
<br /> dye Unit'one or store.now schooliauildings'aiid to reconstruct • •
<br /> and enlaarge,•:b) the erection of additions; 'one or more exist- •
<br /> • ing buildings:located in such Unit and.to acquire land:alai
<br /> `: .• • fuxnishings andequipfrient necesairy €or.such new or_recon�.
<br /> •- strutted or enlarged buildings, •in•order to enable"the County,'
<br /> ' •• , _ • :at L,ee,.'as an administrative-a ency tf the'public-school system
<br /> • ' . ''of the`Stateof North Carolina;.to recdtttain.public'schools in' • ;. .
<br /> ' . said County School Administrative Unit for the nine:tenths': •> - '° '
<br /> Scheel terra prescribed"by taw, and that it will be necessary •
<br /> •t i p'
<br /> - • to ezpsnd for-such purposes not"less than $105,000.in 414.1. o91
<br /> • • : to.other moneys which have-been made available therefor. .'
<br /> Section 2. Honda tifzthe'County of-Le.e ore hereby,
<br /> auttion ed and shall be issued pursuant to the County: ,
<br /> :Finn nre Act of North Carolina to erect such new. school -
<br /> :>,.. .: • buildings'and to.reconstruct and`enlar-e:said existin ` •
<br /> - ?tittilcliriga3":artti to acquire*such'land and furnishings:and equip- • •' • ...
<br /> meat. The taximum.aggregate:amount of said,bonds:shel -•
<br /> • be $105,000. ; : 1 • •
<br /> ' a � . -• . jib •' . . .. ..
<br /> Section 8. _ .A tas.eufficietnt eo pay the'_principal.of `1 • .
<br /> - • :interest on ssi8'bonds when due shall beaannually levied and:
<br /> ' Section 4., . stritesnent'of.the County debt of the. ` - •
<br /> • ,' u; - County of tee hati been filed,with,the Clerk'of.the.Board. '
<br /> : ,. ° . `, of Commissioners of*sa d`Canty: and'ts open to public, ' '
<br /> inspection
<br /> °. . [ . Sectiont'5. ' io de$ shalt.as:.t cinutractecl dtrritng •
<br /> X° "any (ideal year by the Issuance Of bonds purauaant to tills ,'. .'
<br /> : bond'order if the'aznount of such debt:ond of all•Other :: ' •
<br /> : .• .:, ' debt•cor traactedctur:ing such fiscal year shati'exceed two=:. :- -
<br /> thirds of:.the amount by v hich,tito outstp+nieig tmdebt9grieae'ttf'
<br /> : -: a•said County shall`have beet reduced during:the next preced-.: . ' :
<br /> :.‘- ,ing'fitocal yeai, unless the incurring of,such.debt shall be, : ••
<br /> submitted to a vote of.the'People'Of-Said County'.aand shall
<br /> ' • ' . . ,be approved by-a aralority of those:who voted thereon.
<br /> }„ .• - `Section G.. Thin bond order. shall,tai e -effect'thirty`
<br /> clays afteie°its first'publication after'final pas sage, unless,.`'
<br /> • - • in the meantime, a petition fonts subitiiesion to the voters
<br /> ' ' - is filed under the Cou -Finance:Act,' .and in.such event, .it
<br /> ': :`shall"time effect When approved by:the;voters-of_saaid.County,,. .
<br /> % !•?';•• 'at an election as provided in said.Act: ,
<br /> r• ' ''k ' cotnmiesioder li?hite-mov t#'tat the foileravtet resolution Yee• :
<br /> , . • aclsspt* .
<br /> •
<br /> Pstge eiglst
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