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a;' f4?!•S'i+~`4wti3>gea; ~y.tyi <br />NOTICE OF <br />PUBLIC <br />"BOND ORDER <br />AUTHORMING.THE <br />...;.,ISSUANCE OF $9,000,000 <br />'GENERAL OBLIGATION <br />] Affida <br />da <br />f P <br />it <br />t <br />bli <br />ti <br />R <br />REFUNDING BONDS OF F <br />v <br />l <br />vl <br />o <br />u <br />ca <br />on <br />THE COUNTY OF LEE" <br />WHEREAS, the County of Lee <br />(the "County„) has issued School <br />Bonds, dated August 1, 1998 (the <br />"School Bonds"). and $7,300,008 <br />of the School Bonds areoutstand- <br />Bill Hornerlll,Publisher ofTHESANFORD HERALD,INC., <br />ing (the "Outstanding Bonds"); <br />and <br />WHEREAS, the Board of Com- <br />a newspaper published in Lee County and State of North <br />missioners of the County deems <br />it advisable to refund the Out- <br />Carolina being duly sworn, deposes and says: That the <br />standing Bonds pursuant to and <br />in accordance with The Local <br />- <br />attached advertisement of notice, in the action entitled- <br />Government Finance Act; and <br />WHEREAS, an application has <br />been filed with the Secretary of <br />d 19--ltic -e ~ 7 L i~~(P~ ~a <br />the Local Government Commis- <br />vs <br />lion of North Carolina requesting <br />. <br />=1 sion approval cl the. <br />n n n 7 ,,p <br />hereinafter described as <br />[ <br /> <br />required by The Local Govern, <br />n -C26' <br />mentftamce Act, and the Secre- <br />tary of the Local Government <br />Was duly published in the aforesaid newspaper once a week <br />Commission has notified the <br />Board that the application has, <br />been accepted for submission to <br />for ....~.....c~~, beginning with the issue <br />the local Government Commis <br />NOW <br />THEREFORE <br />i <br />dated the Ad of /G~- q <br />.day 19 <br />/ <br />and <br />, <br />, <br />s <br />on; <br />. <br />, <br />BE IT ORDERED by the <br />H~ <br />endin <br />ith th <br />i <br />f <br />~ <br /> <br />Board of Commissioners of the <br />g w <br />e <br />ssue o <br /> <br />. <br />day of <br />County of Lee as follows: <br />Section 1. The Board of Com- <br />1^ _ cr <br />r Y/. C1:c/ 19 . 1. . <br />missioners of the County has as- <br />certained and hereby determines <br />that It is advisable to refund the <br />Outstanding Bends... . <br />Section 2 In order to raise the <br />n <br />!l <br />money `required to refund the <br />Sworn to and subscribed before me, this ;21i.7-day of <br />Outstanding Bonds as set forth <br />funds <br />above <br />in addition to an <br />\n^ <br />~2 <br />? <br />y <br />, <br />which may be made available for <br />ur <br />ose from a <br />such <br />other <br />, . <br />19. <br />. <br /> <br />p <br />p <br />ny <br />source, bonds of the County are. <br />hereby authorized and shall be. <br />issued pursuard..Ao The'La:al° <br />Government', Finance of.. <br />q <br />My Commission Expires ,...1L9;;~Q,', <br />North Carolina: The maxim, <br />aggregate <br />''pal <br />amomt <br />o[. <br />rtn <br />this bond <br />or <br />( bonds authoriz~ by . <br />. <br />. <br />: <br /> <br />$ <br />. . <br />. <br />der shall be $9,000,800 <br /> <br />Sectionpr33.. A tax sufficient to. <br />cipal <br />the cost of the above publication. <br />bonds when due <br />78= <br />annually levied and collected. <br />THE SANFORD HERALD, INC. <br />Section 4. A sworn statement of <br />..the County's debt has been filed . <br />19 By <br />with the Clerk to the Board and is <br />onentonuhllclnsoecdi : . <br />bond order has <br />and a sworn <br />has been filed <br />1 Government <br />H <br />ding -the bonds may., appear at a <br />public hearing or an adjourn- <br />and thereof to be held at the <br />Commissioner's.. Room, Lee <br />County Government Center, 108 <br />Hlllcrest. Drive, in Sanford, <br />North Carolina at 9:30 o'clock, <br />a.m., on the tat day of June, 1992. <br />Gaynell AL Beal <br />Clerk to the Board of <br />Commisslmern of the <br />County of Lee <br />(5-22)-- <br />/ a. <br />