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- ' .tills rr S o ' iiS . EQIAL:''MEETIING , <br /> - OF 'T i-E SOA D.OF`. .M SCI NtrS:'. , : i f - <br /> 4 <br /> "'° .. . -. the,Special Meeting of the Ord Of Commissioners for Lee County,-No <br /> Carolina; 'convened in the,„Co>uw ' or, m issioners' ,''at the Lee County Courthouse, Sanford, <br /> North Carolina,:on.Friday, i•'May 190;..1967 -at-g'.o'clock,:p:.,in. the satr'e being the <br /> time, .date and place of ibtfrneeting Specified in•the call isssied by'the Chairman.-- . <br /> .:' - ' -Those press t:s*ere: Chairmen job E. Potterer; Cozranisaioners Max :' • <br /> ( McLeod, <br /> A. '. . hite,.'Fraanklin 0. *Wicker, and Ctmrlea Ro rert.Yew. . None of t:ee ';' :, • . <br /> commissioners wereabsent. <br /> 'Ctrairman John:2:".;totterer presided. d-the following business'*as ',. - <br /> ttdfndsactel <br /> ..'Y, 1Coeu: .lssioncr:A.tl= , iWhite €moved"tx'at:the'following resolution be.adopted <br /> Y.ya- v•, • - ,it�q 1 ,. - ..:.,.gi,,.1•,�.q::` ,1.`,.;...:1 ': `1 - • ; , . <br /> . Dialf:Ft. AS, the bond Otani hereinafter. described his taken _ <br /> O effect aid the_Board:of Commissioners'd tsires to nnake-furtliea pro- <br /> ' vision for the.issuan of the bondss:"to:he issued pursuant to.said . '. <br /> ,' .,::fond order•: , NOW, 7HaftUFOR2, - <br /> BFttit BESO .il ny theBoard of con rnicsion s of the <br /> - , Cou <br /> nty nty, of L.ce'as tollowei;# <br /> . • ' . ' <br /> ,.,F ., <br /> — - (1) 7 l .e'C+xaaitv''isi ! {lakisltaafter, referred to as <br /> :' ." snty"}:shall:ism its bonds ar,tiae;•aggregate principal : - - . <br /> atnouft 0-510S:0w, por ua tt to and in decordance witi the.::" - . <br /> toed order entitled "por :Order•euttinriiing the issuance of. • ` <br /> z $105,0 School Bonds Cliche County of Lee"-,.adopted by.i7the.`'•: - <br /> • <br /> . Beard of Cow• .iosionors of tieCauntp.: 'March 6. 1967..• �:t.._. _ <br /> - •of said bands.s all•be designated "School 'SoaeCT. Acting puratam <br /> to . ction-i3S°-S0, of.the County."F'inance Act, he Board of• ' . • . <br /> • <br /> ' • . .. ofn isaloners has,ascertained and hereby' rtaines.tuat each _ <br /> ' of the sm--c building to ee finaancea y the leonine&of said bands is <br /> - ol,either fireproof const t :tion"or non-fireproof construction as. : <br /> - . . ;defined'is said Section ,ice-8d, and that the life of cash of the •• <br /> • - - ..'i iprovem�ztS`ddescri� In'said.bond•order inthirty.years, ; - ' ,: : <br /> . . comptuted'kern June.1; ..19a7,.. . .,, <br /> • (2)'_ .Said Scheel goads shall:be of the de ination of'; , . -:'. .= • <br /> S,00tl each.eed Shall be.numbered-free) Ito al, inclusive, lip. ; > • <br /> . the•trrder'off their maturity,, shall' be-.dated Jan 1,, 71967;:and`• ` .. . <br /> . shall bp_payable In an aual-instailhuen;t�.fa,on June 1 in each year es. . . , ' <br /> - • :'fellows, viz..,.:$5, ! in the year J968 and $10,000."in each of the <br /> . ,;;gears 19t9 to 1975. inclusive . ' <br /> a- <br /> -,•i 'p ♦ . . <br /> (S} Each bond sheik dear ingest fromits date at fa•raft <br /> ' Which Shall be hereafter.determined'"and'whic f Shall not canoed six • - <br /> Per.centuxn (OD per annum.- Such iattereat shalibc payable, soli- _ <br /> • ,_ Annually.on June 1 and Cctem r.:i. . <br />