Orange County NC Website
Browse       Search
In addition, we are enclosing the following items: <br /> Form 1. A copy of a suggested form of proceedings, evidencing <br /> the adjournment of a regular meeting of your governing <br /> body during the week of February 13 until a date during <br /> the week of February 20. If your governing body does <br /> not meet in regular session during the week of February <br /> 13, this item is not applicable to you. <br /> Form 2. A copy of a suggested form of proceedings to be taken <br /> by your governing body at a regular, adjourned regular <br /> or special meeting to be held on a date during the week <br /> of February 20, evidencing the introduction and passage <br /> on first reading of an order authorizing the refunding <br /> bonds and the call of a public hearing upon such order. <br /> If the meeting is a special meeting, please have any <br /> absentee from such meeting sign an acknowledgment of <br /> service of notice of the meeting in substantially the <br /> following form and incorporate such acknowledgment in <br /> the proceedings at the end of the first page: <br /> " [Name of absentee] , who is not present, has <br /> signed the following acknowledgment of service of <br /> notice of meeting: <br /> 'I hereby acknowledge due service of notice of a <br /> special meeting of the Board of Commissioners for the <br /> County of to be held at .M. on <br /> February , 1989 in the in <br /> North Carolina, for the purpose of considering the <br /> introduction and passage on first reading of an order <br /> authorizing $ Refunding Bonds of said County and <br /> the call of a public hearing upon such order, but I <br /> will not be able to be present. <br /> [Signature of absentee] '" <br /> Please note that the principal amount of the refunding <br /> bonds should be equal to the principal amount or <br /> amounts currently outstanding of the bonds to be <br /> refunded and not the discounted amount that you expect <br /> to pay for such bond or bonds. Such discounted amount <br /> will not be available prior to the week of April 10. <br /> In addition, the refunding bonds should be authorized <br /> in an amount greater than the discounted value of the <br /> bond or bonds to be refunded to allow for the funding <br /> of issuance expenses and any other applicable costs <br /> with proceeds of the refunding bonds should you decide <br /> to do so. The Local Government Commission will deter- <br /> mine the principal amount of the refunding bonds <br /> -4- <br />