1960 - 01-04-60 Regular Meeting
1960 - 01-04-60 Regular Meeting
12/11/2018 8:48:23 PM
7/21/2010 1:50:18 PM
Board of Commissioners
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• <br /> C O <br /> . MINUTES OF -REGULAR,.MEETING <br /> • <br /> • OF - <br /> • BOARD OF COUNTY COMMISSIONERS <br /> January 4, 1960 • <br /> The Board of Commissioners -of Lee County met in regular monthly <br /> • session in the Commissioners' Room at the Courthouse on Monday, January <br /> 4, 1960, at 10:00 A. M. , with the following members of the Board present <br /> for•the dispatch of business: <br /> Commissioners Sion H. Kelly, Clyde H. Atkins, Ralph Groce, <br /> Evander Winstead and Percy Measamer <br /> • Commissioner Sion H. Kelly, Chairman of the Board, presided and <br /> the 'following business was transacted: • <br /> The minutes of the regular meeting'of December 7, 1959, and the <br /> minutes of the special meeting of December 17, 1959, were read and <br /> approved. - - <br /> • <br /> • <br /> Commissioner Winstead moved that the following resolution be <br /> , adopted: <br /> • <br /> WHEREAS, the bond order hereinafter described has been duly <br /> adopted and the Board of 'Commissioners desires to make further <br /> provision for the issuance of the bonds to be issued pursuant •td said <br /> bond order;' NOW, THEREFORE, <br /> BE IT RESOLVED by the Board of Commissioners of the County of <br /> Lee as follows: <br /> • <br /> (1) The County of Lee (hereinafter referred to as "County") shall <br /> issue its bonds of the aggregate principal amount of $51, 000 pursuant to <br /> and in accordance with the bond order entitled "Bond Order authorizing the <br /> issuance of $51, 000 School Bonds of the County of Lee", adopted by the <br /> Board of Commissioners of the County on November 2, 1959. Said bonds <br /> shall be designated "School Bonds. " Acting pursuant to Section.153-80 of <br /> The County Finance Act, the Board of Commissioners has ascertained <br /> and hereby determines that the new building described in said bond order <br /> is to be of either fireproof construction' or non-fireproof construction as <br /> • defined in said Section .153-80 and that the'life of the,improvement <br /> described in said bond order is twenty years computed from February 1, <br /> 1960. • <br /> ' (2) Said'School-Bond's shall consist of fifty-one. bonds of the <br /> denomination of $1, 000 each,. numbered from 1 to 51, inclusive, in the <br /> order of their-maturity, and"shall be payable in annual installments on <br /> February 1 in each year as follows," viz. : $6, 000 in 1961 and $5, 000 in <br /> each of the years 1962 to 19,70,, inclusive. ' • <br /> (3) 'Said bonds shall be dated February 1, 1960. Each bond shall <br /> bedr interest from its date 'at a rate which shall be hereafter determined <br /> and which shall not exceed six per centum (6%) per annum. Such <br /> interest shall be payable semi-annually on February 1 and August 1. <br /> (4) Said bonds shall be coupon bonds, registerable as to principal <br /> • only, and shall be signed by-the Chairman and Clerk of the Board of • <br /> Commissioners of the County. The corporate seal of the County shall <br /> be affixed to each'of the bonds. Each of the interest coupons to be <br /> attached to the bonds shall be authenticated by the facsimile signature <br />
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