Laserfiche WebLink
0 0 <br />BooK 14 fr,~,t 61,33 <br />Government Commission has notified the Board that the application has <br />been accepted for submission to the Local Government Commission; NOW, <br />THEREFORE, <br />BE IT ORDERED by the Board of Commissioners of the County <br />of Lee, as follows: <br />Section 1. The Board of Commissioners of the County has <br />ascertained and hereby determines that it is advisable to refund the <br />outstanding Bonds. <br />Section 2. In order to raise the money required to refund <br />the Outstanding Bonds as set forth above, in addition to any funds <br />which may be made available for such purpose from any other source, <br />bonds of the County are hereby authorize and shall be issued pursuant <br />to The Local Government Finance Act of North Carolina. The maximum <br />aggregate principal amount of bonds authorized by this bond order <br />shall be $9,000,000. <br />Section 3. A tax sufficient to pay the principal of and <br />interest on said bonds when due shall be annually levied and <br />collected. <br />Section 4. A sworn statement of the County's debt has been <br />filed with the Clerk to the Board and is open to public inspection. <br />adoption. <br />Section 5. This bond order shall take effect upon its <br />Commissioner Cox moved the adoption of the following resolution: <br />WHEREAS, the bond order entitled, "BOND ORDER AUTHORIZING <br />THE ISSUANCE OF $9,000,000 GENERAL OBLIGATION REFUNDING BONDS OF THE <br />COUNTY OF LEE," has been introduced at the meeting of the Board of <br />Commissioners of the County of Lee held on May 18, 1992 and the <br />Board of Commissioners of the County of Lee desires to provide for <br />the holding of a public hearing thereon and the submission of a <br />statement of debt in connection therewith as required by The Local <br />Government Bond Act; NOW, THEREFORE, <br />BE IT RESOLVED by the Board of Commissioners of the County <br />of Lee, as follows: <br />(1) The public hearing upon said bond order shall be held <br />on the 1st day of June, 1992, at 9:30 a.m. at the Commissioner's <br />Room, Lee County Government Center, 106 Hillcrest Drive, in Sanford, <br />North Carolina. <br />(2) The Clerk to the Board is hereby directed to cause a <br />copy of the bond order to be published with a notice of such hearing <br />in the form prescribed by law in a qualified newspaper no fewer than <br />3 <br />