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1956 - 03-05-56 Regular Meeting
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1956 - 03-05-56 Regular Meeting
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12/11/2018 5:49:51 PM
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Admin-Clerk
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Minutes
Committee
Board of Commissioners
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• <br /> • A - • ". v ® •. - - e - <br /> - • 1 <br /> ascertained and:hereby determines that 'the new =building described in <br /> - ' said bond order: of either^ fireproof construction or- non-fire- <br /> . <br /> proof construction .as defined in said' Section.153-80 ,and that the life • <br /> Of.. the improvement described in said bond order is twenty Years . com- <br /> - puted •fromrJune.-1, 1956: _ _ ' , . <br /> • <br /> • - • • (5) The County shall issue its bonds of. the aggregate- principal • <br /> - `amount:.of $21,000-,pursuant to and .in accordance.;irith the bond order; - <br /> - entitled- ' Bond- order : authorizing the issuance of 821,000 County Court- <br /> ' , , house-•Building Bonds :of, the. County of. ,Lee!.', adopted ,by the :Board of ', <br /> Commissioners of the County •on November. 7, 1955. Acting pursuant to . <br /> Section 153-80'of,the County, Finance, Act,,•the Board of Commissioners ' <br /> has ascertained and, hereby determines that the building described <br /> in said bond order is of either fireproof construction or non-fireproof - <br /> construction as defined in said Section 153-80 and that the life of <br /> : the improvement:described in- said bond''order ..is ,twenty years 'computed <br /> • from June 1, 1956. <br /> (6), :. The bonds to be::i`ssued'pursuant to-_the* bond orders des <br /> - • cribed 'in .paragraphs 2, 3, 4 ;and -5 of this resolution shall' be issued - <br /> :" as one consolidated;bond issue-�of tho'aggregate:.rprincipal 'amount of <br /> .0167,000, and shall be designated "County:'Building Bonds" . Acting . • <br /> - <br /> ' ? _` pursuantlto :Section`153-80,of the:County -_Finance=:Act, the Board of ' <br /> . Commissioners has .ascertained, and hereby--'' determines that the average - • <br /> of the periods'determined and-:declared`_in•- paragraphs ••2, 3, 4 and 5 • . <br /> of this resolution`, - taking 'into consideration-, the amount -of b• <br /> onds <br /> . - to be issued on account of each 'purpose described in the bond orders <br /> • referr'ed'.to in said paragraphs, is �twenty• years ;computed' front;June <br /> . <br /> 1p :1956 • _ . - r . <br /> (7) - The -School Building. Bonds . shall consist of. twelve- hundred . ' <br /> bonds of.',the denomination of $1,000,,each,, numbered from 1 to ;1200, <br /> inclusive, in the order of their maturity, .and shall be payable in <br /> { <br /> 0 . <br /> • <br /> . . <br /> • <br /> - <br />
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