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f l <br />b(3) The a~:ount of money held in sinking <br />funds or otherwise for the pays=_nt of <br />any part of the principal of gross <br />debt other than debt incurred for <br />water purposes oz sanitary sewer <br />purposes (to the extent that the bonds - 0 _ <br />are deductible under G.S. 159-55 (b) ............ $......._, <br />b(4) Bonded debt included in gross debt <br /> and incurred, or to be incurred, for - 0 .. _. <br /> water purposes ............................•--•• $•-----..e <br />b(5) Bonded debt included ir_ gross debt <br /> and incurred, or to be incurred, for <br /> sanitary setvez system purposes to the <br /> extent that said debt is rsade deductible _ 0 ^ <br /> by G.S. 159-55 (b) ............................:. $......, <br />b(6) Uncollected spacial assessments hereto- <br /> fore levied for local impzave,,,ents far <br /> which any pare of the grass debt (that • <br /> is net otherwise deducted) wras or is to <br /> be incurred, to the extent that such <br /> assess~rants will be applied, when col- - <br /> lected, to the payment of any part of • <br /> the gross debt .....................••-•-----•-- $- ~ ~.e, <br />b(7) The anour_t, as estimated by the <br /> o~ special assessments to be <br /> levied for local improvements for v~hich <br /> any part of the gross debt (that is not . <br /> otherwise deducted) was or is to be incur- <br /> red, to the extent tk:at the special as- <br /> sessments, when collected, trill be applied <br /> to the payment o~ any pant of the gross debt ... $. d. ...... <br />(b) DED`JCTIOA7S, being the sun o~ b(1), b(2), - 0 <br /> b(~). b(4), b(5). b(6) and b(7) ..------••--•--- $..---...... . <br /> (c) NET BEET • <br />(c) NET DEBT, being the difference between <br />EDiiCiTODIS (b) <br />d <br />h <br />ZO <br />, 322 <br />.: <br /> . - - - . - <br />t <br />e D <br />the G~tOSS DEBT (a) an - <br />_, <br />$ <br /> .(d) APPRAISyD VALUE <br />(d) APPk7r~ZSED VALUE of property subject to ' <br /> municipal taxation before the application <br /> of any assessment ratio, being the value <br />i <br />1976 <br />i 700,OOf:,:: <br />$ <br /> .................................. <br />n <br />xed <br />f .......-. <br /> (e) DEBT ~.TIO <br />(e) PezcYntage tvhiah the net debt bears to <br /> said appraised value ....... .................. 1 .5 - <br /> The foregoing state:~snt is true. <br /> .1 J~-~-+~ 1 l `~ <br /> k'inance O„i:f~icer cf the Caunt~ o.= <br /> Orzr_ge, north Carcli~w <br />-2- <br />