Orange County NC Website
6 <br />to contract, and in evidence thereof to issue School Bonds in an <br />aggregate principal amount not exceeding $52,000,000 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 said <br />County. <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 said Act. <br />The Board of Commissioners thereupon designated the Deputy <br />Finance Director as the officer whose duty it shall be to make and <br />file with the Clerk to the Board of Commissioners the sworn <br />statement of debt of the County which is required by The Local <br />Government Bond Act, as amended, to be filed after the bond order <br />has been introduced and before the public hearing thereon. <br />Thereupon the Deputy Finance Director filed with the Clerk to <br />the Board of Commissioners, in the presence of the Board of <br />Commissioners, the sworn statement of debt as so required. <br />