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3 <br /> Five Bond Orders for Introduction <br /> 1. School Bonds -- $47.000.000 <br /> BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL <br /> OBLIGATION SCHOOL BONDS IN THE MAXIMUM AMOUNT OF <br /> $4790009000 <br /> WHEREAS <br /> The Board of Commissioners of Orange County, North Carolina, by <br /> resolution adopted on June 25, 2001, has stated its proposal to issue general <br /> obligation bonds to pay capital costs of providing school facilities. <br /> The County has applied to the North Carolina Local Government Commission <br /> for its approval of such bonds, and the Commission has accepted the County's <br /> application. <br /> BE IT ORDERED by the Board of Commissioners of Orange County, North <br /> Carolina, as follows: <br /> 1. There are hereby ordered to be issued general obligation bonds of the <br /> County to pay capital costs of providing school facilities, together with related <br /> financing and other necessary or incidental costs. <br /> 2. The maximum aggregate principal amount of the bonds issued for such <br /> purpose will be $47,000,000. <br /> 3. Taxes will be levied in an amount sufficient to pay the principal of and <br /> interest on the bonds so issued. <br /> 4. A sworn statement of debt prepared by the County's Finance Officer <br /> has been filed with the Clerk to this Board and is open to public inspection. <br /> BONDORD&PHRES0814 <br />