1974 - 09-27-74 Regular Meeting - Laserfiche WebLink

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- w4 0 MINUTES OF SPECIAL MEETING OF THE BOARD OF COMMISSIONERS FOR LEE COUNTY, NORTH CAROLINA Friday, September 27, 1974 The Special Meeting of the Board of Commissioners for Lee County, North Carolina, called by the Chairman, pursuant to General Statute 153A-40, convened in the Commissioners' Room on the second floor of the County Office Building, at the corner of Steel and Wicker Streets in the City of Sanford, at 1:00 o'clock p. m., on Friday, September 27, 1974, the same being the time, date and place specified in the call issued by the Chairman. Commissioners Hal L. Hancock, J. Eugene Rogers, Franklin D. Wicker and Gordon A. Wicker and William H. Cooper were present. None of the Commissioners were absent. Chairman Gordon A. Wicker presided and the following business was transacted: The Clerk advised the Board that he had received a deed from the Sanford-Lee County Board of Education for its property known as the old Administrative Building and its old School Bus Garage site. Upon motion of Commissioner J. Eugene Rogers, seconded by Commissioner Hal L. Hancock, which motion was unanimously adopted, the Chairman and the Clerk were authorized to execute a deed of conveyance for the third floor of the Wilrik Building to the Sanford-Lee County Board of Education in exchange for the property conveyed in exchange for the old Administrative Building and the old School Bus Garage site. Commissioner Franklin D. Wicker 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 $600, 000 Technical Institute Bonds of the County of Lee, dated June 1, 1974, 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 1976 to 1983, inclusive, 7% per annum; bonds payable in each of the years 1984 to 1987, inclusive, 5. 901o per annum; bonds payable in each of the years 1988 to 1990, in- clusive, 6% per annum; bonds payable in each of the years 1991 to 1993, inclusive, 6. 10% per annum; and bonds payable in each of the years 1994 to 1996, in- clusive, . 6. 2576 per annum. 00u