Laserfiche WebLink
0 0 <br />anOK 11 puH 49 <br />WHEREAS, the Board of County Commissioners has <br />created a political subdivision and body corporate and <br />politic of the State of North Carolina known as "The <br />Lee County Industrial Facilities and Pollution <br />Control Financing Authority" (the "Authority"); and <br />WHEREAS, the Authority is authorized under the <br />Industrial and Pollution Control Facilities Financing <br />Act, Chapter 159C of the General Statutes of North <br />Carolina, as amended (the "Act"), to issue revenue bonds <br />for the purpose, among others, of paying all or any part <br />of the cost of any industrial project for industry, to <br />acquire, construct and equip any such project, and to <br />make and execute financing agreements, security documents <br />and other contracts and instruments necessary or con- <br />venient in the exercise of such powers; and <br />WHEREAS, the Authority proposes to issue its <br />$6,800,000 industrial development revenue bonds (the <br />"Bonds") and to loan the proceeds thereof to the Company <br />to finance the acquisition, construction and installation <br />of an industrial facility near Sanford for the manufacture <br />of carbide specialty products (the "Project") to be <br />operated by the Company; and <br />WHEREAS, the Board of County Commissioners, <br />pursuant to public notice duly given, has held a public <br />hearing on the proposed revenue bond issue and Project and <br />has considered the comments of persons who requested to <br />be heard; and <br />