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„ oooR 12 1 "'CA <br />S3 <br />project is less than said allocation, such excess allocation shall revert to the <br />State of North Carolina; and <br />WHEREAS, the Board of County Commissioners desires to approve the <br />project in principle and the issuance of revenue bonds to finance the project; <br />NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners <br />of the County of Lee as follows: <br />(1) The Project is hereby approved in principle. <br />(2) The issuance of revenue bonds by the Authority to finance the Project <br />is hereby approved. <br />(3) The Clerk of the Board of Commissioners is hereby authorized and <br />directed to provide a certified copy of this resolution to the Department <br />of Commerce. <br />(4) This resolution shall take effect immediately upon its passage. <br />Commissioner John R. Dossenbach, Jr, moved the passage of the foregoing <br />resolution and Commissioner Raymond C. Cox, Jr, seconded the motion. Upon a <br />vote the results were as follows: <br />AYE: Cox, Dossenbach, Matthews, Wicker and Dotterer <br />NAY: None <br />The Chairman ruled the resolution had been unanimously adopted. <br />There being no further business to come before the Session, it was <br />adjourned sine die. <br />John E. Dotterer, Chairman <br />X. R. Hoyle„ Clerk <br />NORTH CAROLINA, LEE COUNT`f~~Y ,i / <br />Pr. eA to regittration on /a ! Y <br />a <br />~ <br />recorded in 9ook~E-- ge ~ <br />Nellie W Thomas, Register of Deeds <br />