1960 - 08-22-60 Special Meeting - Laserfiche WebLink

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• • Section 4. A statement of the County debt of the County of Lee has been filed with the Clerk of the Board of Commissioners of said County and is open to public inspection. ' Section 5. This bond order shall take effect when approved by the voters of the County at an election as provided in said Act. " Commissioner Measamer moved that the following resolution be adopted: ,1 • WHEREAS, a bond order entitled "Bond Order Authorizing the Issuance of $150, 000 County Jail Bonds of the County of Lee" and a bond order entitled "Bond Order Authorizing the Issuance of $913,-000 School Bonds of the County of Lee" and a bond order entitled "Bond Order Authorizing the Issuance of $275, 000 Industrial Education Center Bonds of the County of Lee", have been introduced at a meeting of the Board of Commissioners held on August 22, 1960, and the Board of Commissioners • desires to provide for the holding of a public hearing thereon as required - by The County Finance Act; NOW, THEREFORE, • BE IT RESOLVED, by the Board of,Commissioners of the County of Lee, as follows: (1) The.publichearing upon said bond orders shall be held on the 6th day of September, 1960, at 2 o'clock in the afternoon at the regular meeting room of the Board of Commissioners at-the•Court House in Sanford, North Carolina. ' (2) The Clerk of the Board of Commissioners is hereby directed to cause a copy of each of said bond orders to be published with a notice of such hearing in the form prescribed by law, in the Sanford Herald, a newspaper published in the City of Sanford, in the County of Lee, North Carolina,. at least ten days prior to such public hearing. (3) The County Accountant is hereby required to file with the Clerk of the Board of Commissioners, at least ten days prior to such public hearing, statements of the debt incurred or to be incurred by the County for school purposes and for other than school purposes, in the form prescribed by The County Finance Act. The motion having been seconded by Commissioner Winstead, it was unanimously adopted. Upon motion of Commissioner Measamer, seconded by Commissioner Winstead, the following resolution was unanimously adopted: • WHEREAS, the County'of Lee intends to apply'to the Local Government Commission of North Carolina for approval of the issuance of the $1, 328, 000 bonds of the County authorized by the bond orders introduced at a meeting of the Board of Commissioners held on August 22, 1960; NOW, THEREFORE, BE IT- RESOLVED as follows: (1) The Chairman and Clerk of the Board of Commissioners are hereby authorized and directed to file with the Local Government Commission of North Carolina an application for its approval of said bonds, on a form prescribed by said Commission, and to state in such application such facts and to attach thereto such exhibits in regard to such bonds and to the County and its financial condition, as may be required by said Commission.