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7 <br /> Orange County, North Carolina -- <br /> Notice of Public Hearing— Low and Moderate Income Housing Bonds <br /> The Orange County Board of Commissioners has called for a public hearing at <br /> 7:00 on April 19, 2016, related to the following bond order. Further information <br /> regarding the hearing appears at the end of this notice. <br /> * * * * * * <br /> BOND ORDER AUTHORIZING THE ISSUANCE OF ORANGE COUNTY GENERAL <br /> OBLIGATION BONDS FOR HOUSING FOR PERSONS OF LOW AND MODERATE <br /> INCOME IN THE MAXIMUM AMOUNT OF $5,000,000, SUBJECT TO VOTER <br /> APPROVAL <br /> WHEREAS -- <br /> The Board of Commissioners of Orange County, North Carolina has stated <br /> its proposal to issue general obligation bonds to pay capital costs of providing <br /> housing for persons of low and moderate income. <br /> The County has applied to the North Carolina Local Government <br /> Commission for its approval of such bonds, and the Commission has accepted the <br /> County's 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 <br /> the County to pay capital costs of providing housing for persons of low and <br /> moderate income, together with related financing and other necessary or <br /> incidental costs. <br /> 2. The maximum aggregate principal amount of the bonds issued for <br /> such purpose will be $5,000,000. <br />