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<br /> : - the issuance of $913;000 School Bonds of the County of Lee". •
<br /> adopted,by the Board of Commissioners on September 6, 1966, ...: • _ .
<br /> for the•purpose'for•which said bonds are authorized to be •
<br /> -
<br /> : • ; :Issued, .and negotiable notes.each designated "School Building, .
<br /> . , t:,:Bond Anticipation Notes"'shall be issued for,said-sum-so borrowed:
<br /> r. (2) Said.notes.shall be dated October_18, 1962,•,and. . -
<br /> ' : : ' a . . ''•shall be.payabl'e)tute. 18, -1963, :and•shall bear interest'from' -.
<br /> ' " ,' their�date at a rate which shall not,exceed six per centum.,(6%a) ; ,�: •
<br /> : per annum,. •Such,interest shall be payable at:the maturity of . • i
<br /> ; ,.,, ;• said notes. ?Each of said notes shall be signed by'the'Chairman '
<br /> ;and'Clerk of the Board of Commissioners of said County•and the~:.,,, "
<br /> •.seal of Said County shall be affixed to each of said notes: .
<br /> ,,.• r ' (3) •The power to the:rate of interest-to be borne'by• .. F,
<br /> :said notes:'and to determine the denomination or,:denominations • -
<br /> . ,• • ..... ^ - t ,:'of-the notes'and the place of•paymen.t'of the notes is hereby, - -, `"
<br /> •- • 'delegated to the Chairman and Clerk of.the Board of Coinniissioaers '- ' '
<br /> . ',Of said County,who are hereby authorized and•directed to'cause '
<br /> • - , • , said notes to be prepared and to execute said notes•.when they-, - '
<br /> • • -`shall'have been sold by the Local Government•,Commission'of - .•
<br /> •.< t,. • North Carolinas, Said Local Government Commission'of North
<br /> • "Carolina-is•hereby.requested'to sell said notes in the manner:, •
<br /> • 'prescribed by the Local Government Act of North_Carolina •
<br /> . ' . ,, • . Commissioner Kelly seconded the Motioneand,the motion was:adapted. '
<br /> Those voting for the motion were Messrs: Cox,' Grace,• Atkins,' Kelly and , '•• '
<br /> -• Winstead:.. ,No;one'voted against lt.:• •:.+'?' • _:_ '• •
<br /> • • Commissioner Winstead moved the'adoption,of the'following.reso- ."
<br /> . - lution with respect to the county road running from-U. S Highways 15.
<br /> and 301 and Secondary Road '1403-to COin toclr andSecondary Road.1402: ..
<br /> c, _ .
<br /> WHEREAS,' the State Highway Commission'has_filed',' • • .
<br /> ;with the Board of Commissioners'of the County'of Lee a map ;
<br /> . designated as, Project 8.26362 showing a proposed relocation
<br /> • • • •of'a section'of county road, and ' •' i
<br /> w :, :.
<br /> ' - - WHEREAS, it appears that this'relocation is for the • ,
<br /> . .. best interest'of;the'road system of the s`aid•county;,. ' •
<br /> li
<br /> • • . NOW, THEREFORE, the,proposed change and relocation • ,
<br /> ,as shown on,the said map is hereby approved and ratified. -
<br /> t;' Commissioner Cox seconded the motion.and upon:a-vote it was
<br /> • -unanimously carried. - • , '
<br /> - • •:Commissioner Winstead moved the-adoption of the following'. '
<br /> - resolution with respect to Secondary Road 1318:. . . - . • . •t
<br /> { : • ' ' • '- r 'WHEREAS, the State Highway�•Cotnmission has filed ' . . ,
<br /> - . with the Board of Commissioners,of the County of.Lee, a map: . ' . ' . •
<br /> • designated as Project 8.26363 showing,a proposed relocation '
<br /> • • .of-a section of county road; and,
<br /> WHEREAS,' it appears that this relocation !s'for the best- • .
<br /> • •• . . .interest of the road system of the said county, ` '
<br /> ' ' ' ` ' NOW, 'THEREFORE, the proposed-change and relocation ' '
<br /> as;-shown.on the said map is hereby approved and'ratified.
<br /> Commissioner Grace seconded the_motion and upon a vote it .i; , : - ' •
<br /> • was unanimously carried:
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