1978 - 06-05-78 Regular Meeting - Laserfiche WebLink

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e~oV 9 1 MINUTES OF THE REGULAR MEETING OF THE BOARD OF COMMISSIONERS FOR THE COUNTY OF LEE, NORTH CAROLINA Monday, June 5th, 1978 The Regular Meeting of the Board of Commissioners for the County of Lee, North Carolina, convened in the Commissioners Room on the second floor of the County Office Building, 200 Wicker Street, Sanford, North Carolina, on Monday, June 5, 1978, at 9:30 o'clock a, M. Those present were Commissioners William H. Cooper, Clyde J. Rhyne, Franklin D. Wicker and Gordon A. Wicker. Commissioner John E. Dotterer was absent, due to illness. Chairman William H. Cooper presided and the following business was transacted: The minutes of the Regular Meeting held on May 12, 1978, were approved and ordered recorded, upon motion of Commissioner Franklin D. Wicker, duly seconded by Commissioner Clyde J. Rhyne, which motion was unanimously adopted, upon a vote. The monthly bills as listed by the County Finance Officer were reviewed and discussed. Commissioner Franklin D. Wicker moved that the bills be approved for payment. Commissioner Clyde J. Rhyne seconded the motion and upon a vote it was unanimously adopted. Commissioner Clyde J. Rhyne moved that the following resolution be adopted: WHEREAS, the Local Government Commission of North Carolina has informed the Board of Commissioners that it has sold in the manner prescribed by law the $625, 000 Water Bonds of the County of Lee, dated June 1, 1978, and that the contract of sale contemplates that the bonds shall bear interest as hereinafter provided; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of Lee, as follows: The bonds hereinbefore described shall bear interest as follows: Bonds payable in each of the years 1980 to 1984, inclusive, 4. 5076 per annum; bonds payable in each of the years 1985 to 1987, inclusive, 4. 80% per annum; bonds payable in each of fie years 1988 to 1990, inclusive, 5% per annum; bonds payable in each of the years 1991 and 1992, 5.10% per annum; bonds payable in each of the years 1993 to 1995, in- clusive, 5. 50% per annum; and bonds payable in each of the years 1996 and 1997, 5.40%a per annum.