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Agenda - 09-06-1994 - VII-A
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Agenda - 09-06-1994 - VII-A
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10/6/2016 4:00:30 PM
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BOCC
Date
9/6/1994
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
VII-A
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25 <br /> TO THE PUBLISHER OF THE NEWS OF ORANGE COUNTY: <br /> Please publish the following on September 14 . You will note <br /> that we have stated in the footnote that publication is being made <br /> on September 14. <br /> ORDER AUTHORIZING $5, 000, 000 <br /> FARMLAND PRESERVATION BONDS <br /> BE IT ORDERED by the Board of Commissioners for the County of <br /> Orange: <br /> 1. That, pursuant to The Local Government Bond Act, as <br /> amended, the County of Orange, North Carolina, is hereby authorized <br /> to contract a debt, in addition to any and all other debt which <br /> said County may now or hereafter have power or authority to <br /> contract, and in evidence thereof to issue Farmland Preservation <br /> Bonds in an aggregate principal amount not exceeding $5, 000, 000 for <br /> the purpose of providing funds, with any other available funds, for <br /> implementing a program of farmland preservation in said County, <br /> including the acquisition by purchase, lease or otherwise of land <br /> or any interests therein (including development rights) to <br /> maintain, protect, limit the future use of or otherwise conserve <br /> open spaces and open areas constituting farmland. <br /> 2 That taxes shall be levied in an amount sufficient to pay <br /> the principal of and the interest on said bonds. <br /> 3 . That a sworn statement of the debt of said County has <br /> been filed with the Clerk to the Board of Commissioners for said <br /> County and is open to public inspection. <br /> 4. That this order shall take effect when approved by the <br /> voters of said County at a referendum as provided in The Local <br /> Government Bond Act, as amended. <br />
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