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~l _ ~"; -'-~ 1. FARMERS HOME LOAN DISCOUNT PURCHASE PROGRAM __ Manager John Link and Finance Director E11en.Liston explained this program and the ""~. savings to the County. Commissioner Shirley E. Marshall introduced the following order authorizing bonds which was read: ORDER AUTHORIZING $200,000 REFUNDING BONDS BE IT ORDERED by the Board of Commissioners for the County of Orange: 1. That, pursuant to The Local Government Bond Act, as amended, the County of Orange, North Carolina, is hereby authorized to contract a debt, in addition to any and all other debt which said County may now or hereafter have power or authority to contract, and in evidence thereof to issue Refunding Bonds in an aggregate principal amount not exceeding $200,000 for the purpose of providing funds, with other available funds, for paying the cost of refunding, including related issuance expenses, the following bonds of said County currently outstanding: $200,000 Sanitary Sewer Bonds, dated March l4, 1988 2. That taxes shall be levied in an amount sufficient to pay the principal of and the interest on said Refunding Bonds. 3. That a sworn statement of the debt of said County has been filed with the Clerk to the Board of Commissioners for said County and is open to public inspection. G.. That this order shall take effect upon its adoption. The Board of Commissioners thereupon designated the Finance Director as the officer whose duty it shall be to make and file with the Clerk to the Board of Commissioners the sworn statement of debt of the County which is required by The Local Government Bond Act, as amended, to be filed after the band order has been introduced and before the public hearing thereon. Thereupon, the Finance Director filed with the Clerk to the Board of Commissioner:. ;, in the presence of the Board of Commissioners, the sworn statement of debt as so required`,.:._.: Thereupon, the order entitled: "ORDER AUTHORIZING $200,000 REFUNDING BONDS" was passed on first reading. On motion duly made, seconded and unanimously carried, the Board of Commissioner fixed 7:30 p.m. March 8, 1989, in the Courtroom of the Old County Courthouse in Hillsborough, North Carolina, as the hour, day and place for the public hearing upon the foregoing order and directed the Clerk to the Board of Commissioners to publish said order, together with the appended statement as required by The Local Government Bond Act, as amended, once in the Durham Morning Herald and once in the Chapel Hill-Newspaper, newspapers qualified and used for legal publications of the County, not later than the sixth day before said date. Motion was made by Chair Carey, seconded by Commissioner Marshall to pass the bond order entitled "ORDER AUTHORIZING $200,000 REFUNDING BONDS" on first reading. VOTE: UNANIMOUS. Motion was made by Commissioner Marshall, seconded by Commissioner Halkiotis to set a public hearing on the bond order for 7:30 p.m., March 8, 1989, in the Courtroom of the Old County Courthouse, Hillsborough, North Carolina. VOTE: UNANIMOUS. 2. ORANGE COUNTY POLICY AND PROCEDURE CONCERNING THE NAMING OF COUNTY OWNED BUILDINGS AND FACILITIES (A copy of this policy as corrected is in the permanent agenda file in the Clerk's Office and made apart of these minutes by reference) Motion was made by Commissioner Hartwell, seconded by Commissioner Marshall to appro~ the policy and procedure concerning the naming of county owned buildings and facilities r corrected.