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Agenda - 07-25-1988
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Agenda - 07-25-1988
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10/26/2016 9:08:40 AM
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BOCC
Date
7/25/1988
Meeting Type
Special Meeting
Document Type
Agenda
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State system of public schools, to order the issuance of bonds of <br /> the County of Orange so that the school facilities mentioned in <br /> said resolutions and in paragraph 1 of this order may be provided <br /> in order to maintain the nine months' school term in the County <br /> of Orange as required by Section 2 of Article IX of the Consti- <br /> tution; now, therefore, <br /> BE IT ORDERED by the Board of Commissioners for the <br /> County of Orange: <br /> 1. That, pursuant to The Local Government Bond Act, , as <br /> amended, and in order to maintain the nine months' school term in <br /> the County of Orange as required by Section 2 of Article IX of <br /> the Constitution, the County of Orange, North Carolina, is hereby <br /> authorized to contract a debt, in addition to any and all other <br /> debt which said County may now or hereafter have power or author- <br /> ity to contract, and in evidence thereof to issue School Bonds in <br /> an aggregate principal amount not exceeding $22 , 000, 000 for the <br /> purpose of providing funds, with any other available funds, for <br /> erecting additional school buildings and other school plant <br /> facilities, remodeling, enlarging and reconstructing existing <br /> school buildings and other school plant facilities, acquiring any <br /> necessary land, furnishings and equipment therefor and developing <br /> such land, in order to provide additional school facilities in <br /> said County. <br /> 2 . That taxes shall be levied in an amount sufficient <br /> to pay the principal of and the interest on said bonds. <br /> 3 . That a sworn statement of the debt of said County <br /> has been filed with the Clerk to the Board of Commissioners for <br /> said County and is open to public inspection. <br /> - - 4 . That this order shall take effect when approved by <br /> the voters of said County at a referendum as provided in said <br /> Act. <br />
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