Orange County NC Website
~:~ •~ ~~ <br />maintena:lce o-' schools nine rtlrnths in every year and th^t it <br />is necessary, 7..n order to maintain si.zch nira months' school <br />term as rcquirryd by said 54ction 2 of Article IX of the <br />Constitution, to provide additional school facilities in <br />said un:i~~s, tt_e estimated cost of :•rhich is $17,802,k25; <br />WHEREAS, said resolutions request said Board of <br />CO::In1uSi Oner S to talcs all necessary steps, by the issuance <br />of bonds or other~rise, in order that funds may be provided <br />for such school facilities; and <br />WHEREAS, said Board of Con~nzssioners has carefully <br />examined the racts and has deterr':ined and does hereby find <br />as a fact that the statements made in said resolutions are <br />true and that .L4 has become the duty of said Beard of Commis- <br />sioners, acting as an ad:ainistrative agent of the State in <br />providing a State system of public schoo'_s, to order tY'.e <br />issuance of bonds of the County of Orange so that the school <br />facilities mentioned in said resolutions and in paragraph 1 <br />of t'nis ardor may be provided in order to maintain the nine <br />rr:ontns' school term in the County of Orange as required by <br />Section 2 of iarticle lY of the Constitution noJr, therefore, <br />BE IT ORDERED by t'rae Board of Commissioners for <br />the County of Orange: <br />1. That, pursuent to Thz Local Government Bcnd <br />Act, as amended, the County of Orange, ?orth Carolina, is <br />hereby author zed to contract a debt, ir. addition to ~.ny ar_d <br />all other debt which said County may r_orr or hereafter have <br />pourer or authorit;; to contract, and in e•ridence thereof to <br />issue School Bonds ir_ an agGregate principal amount not <br />=_rceedin4 $17,80Q,000 for the p~.:rpose o° nrovid'-rg fur_ds, <br />_~_ <br />BRUw`~. wUaJ~ iV Er "~'~~~ELL 9 v~~-+ t.M1E L~BERTV F4wzw, .~E'n •O AK ~v r i(ti.Ga <br />-13- <br />