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Agenda - 07-25-1988
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Agenda - 07-25-1988
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BOCC
Date
7/25/1988
Meeting Type
Special Meeting
Document Type
Agenda
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PAGE 3 <br /> 3. That a sworn statement of the debt of said County has been filed with the <br /> Clerk to the Board of Commissioners for said County and is open to public <br /> inspection. <br /> 4. That this order shall take effect when approved by the voters of said <br /> County at a referendum as provided in said Act. <br /> ORDER AUTHORIZING $1,000,000 <br /> WATER BONDS <br /> BE IT ORDERED by the Board of Commissioners for the County of Orange: <br /> 1. That, pursuant to The Local Government Bond Act, as amended, the County of <br /> Orange, North Carolina, is hereby authorized to contract a debt, in addition to any <br /> and all other debt which said County may now or hereafter have power or authority <br /> to contract, and in evidence thereof to issue Water Bonds in an aggregate principal <br /> amount not exceeding $1,000,000 for the purpose of providing funds, with any other <br /> available funds, for the acquisition of land and rights of way for a reservoir to <br /> provide an additional source of water for residents of said County and one or more <br /> other public entities and to provide related recreational opportunities. <br /> 2. That taxed shall be levied in an amount sufficient to pay the principal of <br /> and the interest on said bonds. <br /> 3. That a sworn statement of the debt of said County has been filed with the <br /> Clerk to the Board of Commissioners for said County and is open to public <br /> inspection. <br /> 4. That this order shall take effect when approved by the voters of said <br /> County at a referendum as provided in said Act. <br /> The Board of Commissioners thereupon a motion by Commissioner Hartwell, and a <br /> second by Commissioner Willhoit with a unanimous vote designated the Finance <br /> Director as the officer whose duty it shall be to make and file with the Clerk to <br /> the Board of Commissioners the sworn statement of debt of the County which is <br /> required by The Local Government Bond Act, as amended, to be filed after the bonds <br /> orders have been introduced and before the public hearing thereon. <br /> Thereupon the Finance Director filed with the Clerk to the Board of <br /> Commissioners, in the presence of the Board of Commissioners, the sworn statement <br /> of debt as so required. <br /> Thereupon the order entitled: "ORDER AUTHORIZING $22,000,000 SCHOOL BONDS" <br /> was passed on first reading. <br /> Thereupon the order entitled: "ORDER AUTHORIZING $7,000,000 PUBLIC BUILDING <br /> BONDS" was passed on first reading. <br /> Thereupon the order entitled: "ORDER AUTHORIZING $1,000,000 WATER BONDS" was <br /> passed on first reading. <br /> Motion was made by Commissioner Willhoit, seconded by Commissioner Halkiotis <br /> MEW <br />
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