Laserfiche WebLink
012 <br />acoK 18 ncE 12 <br />payment of such bonds should be submitted to the voters of the County of Lee for their <br />approval or disapproval in order to comply with the Constitution and laws of North <br />Carolina. NOW, THEREFORE, <br />BE IT RESOLVED by the Board of Commissioners of the County of Lee, as <br />follows: <br />(1) The question whether the qualified voters of the County of Lee shall <br />approve or disapprove (a) the indebtedness to be incurred by the issuance <br />of the bonds of the County authorized by said bond orders, which <br />indebtedness shall be secured by a pledge of the County's faith and <br />credit, (b) the levy of a tax for the payment thereof, and (c) said bond <br />orders shall be submitted to the qualified voters of said County at an <br />election to be held in said County Oil May 2, 2000. <br />(2) The Clerk to the Board of Commissioners is hereby authorized and <br />directed to publish a notice of said election which shall be in substantially <br />the following form: <br />THE COUNTY OF LEE, NORTH CAROLINA <br />NOTICE OF SPECIAL BOND ELECTION <br />NOTICE IS HEREBY GIVEN that a special bond election will be held in the <br />County of Lee, North Carolina, on May 2, 2000, for the purpose of submitting to the <br />qualified voters of said County the questions whether they shall approve or disapprove <br />(1) the indebtedness to he incurred by the issuance of bonds of said County of the <br />maximum principal amount of 525,700,000, which indebtedness shall be secured by a <br />pledge of the County's faith and credit, and (2) the levy of a tax for the payment of such <br />bonds, and (3) the bond order entitled, "BOND ORDER AUTHORIZING THE <br />ISSUANCE OF 525,700,000 SCHOOL BONDS OF THE COUNTY OF LEE," adopted <br />by the Board of Commissioners to authorize the issuance of said bonds and the levy of <br />such tax, and whether they shall approve or disapprove (1) indebtedness to be incurred by <br />the issuance of bonds of said County of the maximum principal amount of 54,300,000, <br />which indebtedness shall be secured by a pledge of the County's faith and credit, and (2) <br />the levy of a tax for the payment of such bonds, and (3) the bond order entitled, "BOND <br />ORDER AUTHORIZING THE ISSUANCE OF 54,300,000 COMMUNITY COLLEGE <br />BONDS OF THE COUNTY OF LEE," adopted by the Board of Commissioners to <br />authorize the issuance of said bonds and the levy of such tax. <br />The $25,700,000 School Bonds are authorized to pay capital costs of providing <br />additional school facilities and improvements to existing school facilities in the County of <br />Lee, including the construction of a new high school and the renovation of an existing <br />high school, including the acquisition and installation of necessary furnishings and <br />equipment, and the acquisition of land or rights-in-land required therefore. <br />12 <br />