1980 - 06-16-80 Regular Meeting - Laserfiche WebLink

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900i 9 PdCE 708 bond order entitled "BOND ORDER AUTHORIZING THE ISSU N CE OF $7,700,000 SCHOOL, BONDS OF THE COUNTY 0 LEE", adopted by the Board of Commissioners of the County on September 5, 1979. Each of said bonds shall be designated "School Bond". The period of usefulness of the capital projects. to be financed by the issuance of the bonds is a period of forty years, computed from June 1, 1980. - 2. The bonds shall be in the denomination of $5,000 each, shall be numbered from 1 upwards in the order of their maturity, and shall be payable on June 1 in each year as follows: $250,.000 in each of the years 191,1 to 198' ir_clu,sive; $350,000 in the year 1985; $500,000 in each- of. the years 1986 to -1996, inclusive; $500,000 in each o`. the years 1997 to 1999, inclusive; and S450.000 in the year 2000, 3. The bonds shall be dated June 1, 1980 ar.d-s:^.all bear interest from their date at a rate or rates which shall be hereafter determined upon the public sale thereof and s+,dn interest shall be payable semi-annually on June 1 and Dec&-_Der i. 4. The bonds shall be coupon bonds, recistrabie as to principal only, and shall bear the Facsimile sic-atures of tnc Chairman and Clerk of the Boarc O- Comi.._Jssioners. A facsimile o- Lne Corporate seal of the County shall be -imp_"inted upon each o the bonds. Each of tnc interest coupons to be atI ached to the bonds shall be autS en tic aced bv 'he facsintti le s',nature of said Cler};. ,otn prlncloal of and i Beres.. on L_'?e bonds shall be payable be at the -inci pal efri.ce of san:,, and Ccmza: , _.aleiCn, :.ors': Carol_..-, or, a~ t-^e O,~on O t;