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P-0360 - The One Million Dollar Bond Issue for Reservoir Site Acquisition is Classified A Loan to Future Water Supply Users 07-25-1988
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P-0360 - The One Million Dollar Bond Issue for Reservoir Site Acquisition is Classified A Loan to Future Water Supply Users 07-25-1988
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1/15/2009 12:21:55 PM
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1/15/2009 12:21:54 PM
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BOCC
Date
7/25/1988
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- _.." State rystem of public schools, to order the issuance of bonds of <br />~~.the County of orange so that the school taeilities mentioned in -,• '- <br />_ - -.,- <br />~~said resolutions and in paragraph 1 of this order may bs provided `-_ <br />:~s~-_ <br />_.~ ~ order to maintain the nine months' school term in the County <br />of orange as required by Section 2 of Article ZX of the consti- _ <br />~f <br />-i. tution; now, therefore, - - <br />SE 2T ORDERED by the Board of Commissioners for the <br />County of orange: <br />-_ -~ -.. 1. That, pursuant to Tha Local Government Bond Act,, as <br />`_R:~-amended, and in order to maintain the nine months' school term in <br />the. County of Orange as required by Section 2 of Article SX of <br />'" the Constitution, the County of orange, North Carolina, is hereby <br />~"~ nu`..horizad to contract a debt, in addition to any and all other <br />debt which said County day now or hereafter have power or author- <br />ity to contract, and in evidence `.hereof to issue School Bonds in <br />an aggregate principal amount not exceeding 522,000,000 for the <br />-.. purpose of providing funds, with any other available funds, for <br />erecting additional school buildings and other school plant <br />.facilities, remodeling, enlarging and reconstructing existing <br />school buildings and other school plant facilities, acquiring any <br />_ necessa_~ land, fu_^rishings and equipment therefor and developing <br />such land, in order to provide additional school facilities in <br />said County. - <br />2. That taxes shall be levied in an amount sufficient <br />~to,pay the principal of and the interest on said bonds. <br />3. That a sworn statement of the deb: of said County <br />has been filed with the Clerk to the Board of Commissioners for <br />said County and is open to public inspection. <br />S. That t.:is cider shall take e2feC. when approved by <br />`.he voters of said County at a referendum as provided in said <br />Act. <br />_-,- <br />~wow+. ~ wooo.orc wewm+.wec tt..+c~. wrw.o.K.... r. ~oo.~ <br />-=r- <br /> <br />3 <br />- - s .. .. <br />~, <br />.. ~ <br /> <br /> <br />
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