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9 <br /> (b) DEDUCTIONS, being the sum of b(1) , <br /> b(2) , b(3) , b(4) , b(5) , b(6) and <br /> b(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $. . .:0.-. . . . <br /> (c) NET DEBT <br /> (c) NET DEBT, being the difference <br /> between the GROSS DEBT (a) and <br /> the DEDUCTIONS (b) . . . . . . . . . . . . . . . . . . . . . . . $85 123.,274 <br /> (d) APPRAISED VALUE <br /> (d) APPRAISED VALUE of property subject to <br /> municipal taxation before the <br /> application <br /> any ratio. • . • • . • $4;530, 149.565 <br /> (e) Percentage which the NET DEBT (c) <br /> bears to the APPRAISED VALUE (d) . . . . . . . . . 1 . 88 0 <br /> The foregoing statement is true. <br /> III <br /> Finance Director of the <br /> County of Orange, North Carolina <br /> STATE OF NORTH CAROLINA ) <br /> ) ss. . <br /> COUNTY OF ORANGE ) <br /> Subscribed and sworn to before me this 23rd day of August <br /> 1994. <br /> Notary Public <br /> My commission expires <br /> 3 <br />