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]5 <br />TELEPHONE LEASE PROJECT <br />CAPITAL PROTECT ORDINANCE <br />Be it ordained by the Orange County Board of County Commissioners that pusuant to Section 13.2 <br />of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 1. The project authorized will provide funds to lease /purchase the County's telephone <br />system. This project will be financed by an appropriation from the County Capital <br />Reserve Fund. <br />Section 2. The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br />Transfer from County Capital Reserve Fund $246,612 <br />Section 4. The following amount is appropriated for this project: <br />Telephone Lease $246,612 <br />Section 5. This ordinance shall be in effect from the date of adoption until June 30, 1993. <br />Adopted this 29th day of June, 1992. <br />M: \BUDGET\4RMCOUCA -MTELE <br />