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and finds an determines that the County of Orange has incurred a bon, <br /> indebtedness in excess of $400,000 in the construction of a water <br /> and sewer fa il.ity in reliance upon the agreement attached to the <br /> petition as Exhibit A. <br /> Th court further finds and determines that the Town has <br /> benefited ma erially from the construction of said facility, <br /> and is thereby indebted to the County in the amount of $4 00,000 <br /> plus interes at four per cent per annum based upon the County' s <br /> average bond interest gate, from and after June I, 1967. <br /> The court further finds and determines from the stipulation <br /> of the parties through their counsel that the Town of Mebane does <br /> not have sufficient funds to satisfy the said indebtedness <br /> and that a tend issue would be necessary to raise funds sufficient <br /> to satisfy said indebtedness in full, with a vote of the people <br /> being required in Order for the said bond issue to be consummated <br /> and the funds made available. <br /> The court further finds and concludes from the pleadings <br /> and from the matters stipulated as to the bond interest rate <br /> that the To n has made payment to the County on account of the <br /> matters set forth in the complaint in the amount of $59,019 .47, <br /> and that there remains due on accrued interest as of the date <br /> of this judgment the sum of $101,022.49 , with the principal. <br /> indebtedness of $400,000 remaining unpaid. <br /> Iq 1S7HEREFORE ORDERED, ADJUDGED AND DECREED that the <br /> petitioner, County of Orange have and recover of the respondent <br /> Town of Meb ine, the sum of Four Hundred Thousand Dollars ($40 O,000.0C <br />