2001 - 10-22-01 Regular Meeting - Laserfiche WebLink

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aco8 ~acF 65: Final Official Statement by the Chairman of the Board of Commissioners, the County Manager and the Finance Officer is hereby authorized and approved. 3. The Chairman of the Board of Commissioners, the County Manager, the Finance Officer and other officers of the Issuer are hereby authorized and directed to take all other actions necessary in connection with the sale and issuance of the Bonds and the effectuation of the purposes for which the Bonds are being issued. 4. This resolution shall become effective upon its adoption. Commissioner Sauls seconded the motion. Upon a vote, the results were as follows: Aye: Adams, Hincks, Lemmond, Matthews, Paschal, Reives, and Sauls Nay: None length: The Chairman ruled the motion had been adopted unanimously. Commissioner Paschal introduced the following resolution which was read at WHEREAS, the Local Government Commission of North Carolina has informed the 009 Board of Commissioners of the sale of the County of Lee $1,885,000 >jeneral Obligation Public Improvement Bonds„Series 2001, dated November 1, 2001 (the "Bonds") and that the contract of sale contemplates that the Bonds shall be payable and bear interest as hereinafter provided; and WHEREAS, the Board of Commissioners of the County of Lee (the "Issuer") desires to take such actions as are necessary to approve the terms of such sale, to approve the official statement and final official statement circulated in connection therewith and to authorize and/or confirm such other documents and actions contemplated by such sale: NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Issuer, as follows: 1. The Board of Commissioners approves the sale of the Bonds to First Union National Bank. The Bonds shall mature on May 1 in the years and principal amounts and bear 9