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0 aoa 16 329 <br />County held on February 12, 1996. Commissioner Moretz seconded the motion, and upon <br />a vote, the results were as follows: <br />Aye: Cox, Dossenbach, Garner, Groce, Matthews, Moretz and Reives <br />Nay: None <br />The Chairman ruled the motion had been adopted unanimously. <br />Commissioner Reives moved the adoption of the following resolution which was <br />read by County Attorney K. R. Hoyle: <br />WHEREAS, the Board of Commissioners of the County of Lee has adopted the <br />bond order hereinafter described authorizing the issuance of $25,000,000 School Bonds <br />and such bond order and the indebtedness to be incurred by the issuance of such bonds <br />and the tax to be levied for the payment of such bonds should be submitted to the voters <br />of the County of Lee for their approval or disapproval in order to comply with the <br />Constitution and laws of North Carolina; NOW, THEREFORE, <br />BE IT RESOLVED by the Board of Commissioners of the County of Lee, as <br />follows: <br />(1) The questions whether the qualified voters of County of Lee shall approve or <br />disapprove ( a ) the indebtedness to be incurred by the issuance of the bonds of the County <br />authorized by said bond order, which indebtedness shall be secured by a.pledge of the <br />County's faith and credit, ( b ) the levy of a tax for the payment thereof, and ( c ) bond <br />order shall be submitted to the qualified voters of said county at an election to be held in <br />said County on May 7, 1996. <br />(2) The Clerk of the Board of Commissioners is hereby authorized and directed to <br />publish a notice of said election which shall be in substantially the following form: <br />COUNTY OF LEE <br />NORTH CAROLINA <br />NOTICE OF SPECIAL BOND ELECTION <br />NOTICE IS HEREBY GIVEN that a special bond election will be held in <br />County of Lee , North Carolina, on May 7,1996, for the purpose of submitting to the <br />qualified voters of said County the questions whether they shall approve or disapprove (1) <br />the indebtedness to be incurred by the issuance of bonds of said County of the maximum <br />principal amount of $25,000,000, which indebtedness shall be secured by a pledge of the <br />County's faith and credit, and (2) the levy of a tax for the payment of such bonds, and (3) <br />the bond order entitled, "BOND ORDER AUTHORIZING THE ISSUANCE OF <br />$25,000,000 SCHOOL BONDS OF THE COUNTY OF LEE," adopted by the Board of <br />Commissioners of the County of Lee to authorize the issuance of said bonds and the levy <br />of such tax. <br />024 <br />3 <br />