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

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BGN 18 plu 6Z" 0 C > r The CUSIP numbers appearing herein have been included solely for the convenience of bondowners. The County and the Escrow Agent shall not be responsible for the selection or use of any such CUSIP numbers nor is any representation made as to their correctness on the Bonds or as indicated herein. BOARD OF COMNUSSIONERS OF THE COUNTY OF LEE, NORTH CAROLINA By: The Bank of New York, as Escrow Agent Upon a vote, the results were as follows: Aye: Adams, Hincks, Lemmond, Paschal, Reives, and Sauls Nay: None Absent: Matthews The Chairman ruled the motion had been adopted unanimously. The board considered a resolution to prescribe the details for the sale of the Public Improvement Bonds. Commissioner Lemmond moved to approve the following resolution, and seconded by Commissioner Adams: WHEREAS, the bond orders hereinafter described have been adopted, and it is desirable to make provision for the issuance of bonds authorized by said bond orders; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of Lee, North Carolina (the "Issuer"), as follows: I. Pursuant to and in accordance with the sanitary sewer bond order adopted by the Board of Commissioners on September 4, 2001, the Issuer shall .issue its bonds of the aggregate principal amount of $1,435,000. The period of usefulness of the capital project to be financed by the issuance of the bonds is a period of forty years, computed from November 1, 2001. 2. Pursuant to and in accordance with the voting machine bond order adopted by the Board of Commissioners on September 4, 2001, the Issuer shall issue its bonds of the aggregate principal amount of $450,000. The period of usefulness of the capital project to be financed by the issuance of the bonds is a period of ten years, computed from November 1, 2001. 27