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<br /> ' • - order.a$-hereinafter providedt.and.... ..
<br /> - • •• WHEREAS, 6216,000 School Building'Bond Anticipation _• .
<br /> . : -.„ -; Notes of the'County of Lee, date:June 18, 1963, payable, . • , . '
<br /> • . ;January 2, 1964,1,issued in anticipation of the Issuance of the , ..
<br /> ' bonds authorized by the bond order entitled "Band Order'auth- , _' • .
<br /> ,;�orizing the issuance,of-$913,000 School Eoads;off,the County of ; ,,
<br /> ' • '; : r ,Lee", adopted'bythe Board of.Cornmiesloners en'September:6,•. :' : _,, „:.
<br /> • '"'f. "1960, *ill become dun'en January 2, 1964, sand the Hoard of "•. . :. '.
<br /> ., Commissioners desires to provide for the'renewel of said notes
<br /> • •--...s{-.•1•as ltereitiafter_set forth:`' NOW,.,THERgmbittl, .., ` . .
<br /> ... , . BE IT RESOLVED by,the Board of,C;atpn?Iasi.
<br /> ssionere of the..
<br /> - 'County of Lee as follows. t '-
<br /> ' ,,(1.)' .Said outstanding notes shall be renewed by the lisun.nre
<br /> `: 'of $215,t100 Schoel Building Band Anticipation°Notes,dated January.-:
<br /> C • '„ ":2, 1964,;payablo February:17, ,19b4,.consisting of one'note of,the -
<br /> : • • .•::denor inatio¢n of;$15.€00, nucxbered.1,-and two,nates of,,the deuomi- '
<br /> . •nation.of•$100,000 each, `numbered 2 and 3.''The notes. riii bear, , ,.:
<br /> '• ' • ., rinterest. at the rate of 2. 15
<br /> ;i Per annual and such interest will be ,'
<br /> 1.• • . - -payable at,the Maturity of the mites: • . ;.` "' �' •
<br /> • :Tim`C`liairinan and the'Cleric of khe'Board aif riles
<br /> ionors'hereby are authorized.and directed to:cause said nntea,to
<br /> - ' be prepared and to execute said notes.. - .
<br /> s ' :CO).- Toes dha$rtrum and Clerk of the Aoard of C.ozn€rriestaaier 4 - .•
<br /> • . . -'• "'' ,' 'dire authorized to make application to tue Local'Government Cssmm •
<br /> ' ' • -_ ' '•' lasion of North:Carolina for Its approval_of'said notes in the manner:-' .
<br /> • . . prescribed by the Local Covernntent•Act,_•,and the 'Local'Government '• - •
<br /> Cocrmrnission is hereby requested to deliver said notes through the
<br /> ;. State Treasurer in exchange for said outstanding notes`upon payment , • . .
<br /> ~'' ---'u-• •
<br /> � ': :of the interest,payable with respect to said'outstanding'.notes to the -
<br /> ' holder of Said outstanding notes. : ,
<br /> . . -' '' 'Gommieeloner Crui seconded the matic tend the suction was.
<br /> :adopted:;:,These,vo•ting.for the motion Were Messrs. Attztna;• Cox;, t terrer,
<br /> • ' Ledwetl°and 1Ccll y No one .voted against it. • -
<br /> •Mr. .Jarhes'.1. Clark; ,Tani Supervisor, ap ieared'•before the,iloara • '
<br /> ' • and'.`pi esented recommendations as.to land values in-aural areas. °No action ..
<br /> ,. was taken attire tithe. _. .
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<br /> .
<br /> - - .: llecommendatloae as to ruralimd values were ab follows: - ,
<br /> -tom
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