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1971 - 11-01-71 Regular Meeting
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1971 - 11-01-71 Regular Meeting
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Minutes
Committee
Board of Commissioners
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e <br />BOOK ?Ar v' <br />MINUTES OF THE REGULAR MEETING OF THE <br />BOARD OF COMMISSIONERS FOR LEE COUNTY <br />NORTH CAROLINA <br />Monday, November 1st, 1971 <br />n, V <br />The regular meeting of the Board of Commissioners for Lee <br />County, North Carolina, convened on Monday, November 1 st, 1971, in the <br />Commissioners' Room of the County Office Building, at the corner of Steele <br />and Wicker Streets in the City of Sanford, North Carolina. Those present <br />were Commissioners William H., Cooper, J. Eugene Rogers, Perry White, <br />Gordon A. Wicker and Franklin D. Wicker. The Chairman declared a <br />quorum present. Chairman Franklin D. Wicker presided and the following <br />business was transacted: <br />Commissioner William H. Cooper presented the following <br />resolution and moved that it be adopted: <br />WHEREAS, the bond orders hereinafter <br />described have taken effect and the bonds authorized <br />by said bond orders have not been issued and the Board <br />of Commissioners desires to borrow money for the purposes <br />for which the bonds are authorized by said bond orders as <br />hereinafter provided; NOW, THEREFORE, <br />BE IT RESOLVED by the Board of Commissioners <br />of the County of Lee as follows:' <br />(1) The sum of $250, 000 shall be borrowed in <br />anticipation of the receipt of the proceeds of the sale of <br />the bonds authorized to beissued by the bond order entitled <br />"Bond Order authorizing the issuance of $500, 000 Sanitary <br />Sewer Bonds of the County of Lee", adopted by the Board of <br />Commissioners on April 5, 1971, for the purpose for which <br />said bonds are authorized to be issued, and negotiable notes <br />in the amount of ^.$250, 000 shall be issued for said sum so <br />borrowed. Each of said notes shall be designated "Sanitary <br />Sewer Bond Anticipation Note <br />(2) The sum of $50, 000 shall be borrowed in anti- <br />cipation of the receipt of the proceeds of the sale of the bonds <br />authorized to be issued by the bond order entitled "Bond Order <br />authorizing the issuance of $1, 000, 000 Water Bonds of the County <br />of Lee", adopted by the Board of Corrunissioners on April 5, <br />1971 for the purpose for which said bonds are authorized to be <br />issued, and negotiable notes in the amount of $50, 000 shall be <br />issued for said sum so borrowed.. Each of said notes shall be <br />designated "Water Bond Anticipation Note". <br />
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