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<br />13 PASE
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<br />the motion, and upon
<br />a vote, the
<br />results
<br />were as follows:
<br />Aye: Hall, Matthews, Paschal, Reives, Stafford, and
<br />Wicker
<br />Nay: None
<br />The Chairman ruled the resolution had been unanimously
<br />adopted.
<br />The Chairman recognized Mr. Nathan Crissman, Tax
<br />Administrator, who presented the March 1991 Tax Releases and
<br />Refunds for the Board's consideration. A copy of this report
<br />is attached to these minutes, and upon this reference, made a
<br />part hereof. Following a brief discussion, Commissioner
<br />Matthews moved that the releases and refunds be authorized and
<br />approved. Commissioner Paschal seconded the motion, and upon
<br />a vote, the results were as follows:
<br />Aye: Hall, Matthews, Paschal, Reives, Stafford, and
<br />Wicker
<br />Nay: None
<br />The Chairman ruled the resolution had been unanimously
<br />adopted.
<br />Commissioner Matthews presented the following resolution
<br />and moved that it be adopted:
<br />WHEREAS, the bond order hereinafter described has taken
<br />effect and the Board of Commissioners of the County of Lee,
<br />has issued $465,000 School Bond Anticipation Notes dated May
<br />16, 1990, payable May 15, 1991, to borrow money for the
<br />purposes for which bonds are authorized to be issued by said
<br />bond order; and
<br />WHEREAS, the Board of Commissioners desires to renew the
<br />foregoing notes in anticipation of the receipt of the proceeds
<br />of the sale of said bonds, as hereinafter provided; NOW,
<br />THEREFORE,
<br />BE IT RESOLVED by the Board of Commissioners of the
<br />County of Lee (the "Issuer"), as follows:
<br />(1) The outstanding $465,000 School Bond Anticipation
<br />Notes payable May 15, 1991, which have been issued in
<br />anticipation of the sale of the bonds authorized by a bond
<br />order adopted by the Board of Commissioners of the County of
<br />Lee, on April 3, 1989, shall be renewed by the issuance of
<br />$465,000 School Bond Anticipation Notes, in anticipation of
<br />the receipt of the proceeds of the sale of the bonds
<br />authorized to be issued by said order. Said notes shall
<br />consist of one note of the denomination of $65,000, numbered
<br />1, and four notes of the denomination of $100,000 each,
<br />numbered 2 to 5, inclusive. Said notes shall be dated May 15,
<br />1991, shall be payable May 13, 1992, and shall bear interest
<br />4
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