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4 <br />Resolution setting public hearing and <br />authorizinLy filing of debt statement <br />WHEREAS, there has been introduced at this meeting a bond order entitled <br />as follows: <br />BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL <br />OBLIGATION REFUNDING BONDS IN THE MAXIMUM <br />AMOUNT OF $3590009000 <br />AND WHEREAS, Section 159 -57 of the General Statutes requires that a <br />public hearing be held on such bond order prior to its adoption, Section 159 -56 of <br />the General Statutes requires publication of a notice of such hearing, and Section <br />159 -55 of the General Statutes requires the filing of a statement of the County's <br />debt with the Clerk to the Board prior to the public hearing; <br />BE IT THEREFORE RESOLVED by the Board of Commissioners of <br />Orange County, North Carolina, (1) that a public hearing on such bond order will <br />be held at 7:30 p.m. (or as soon thereafter as the matter may be heard) on June 23, <br />2005, in the Board's regular meeting room at the County's Southern Human <br />Services Center, 2501 Homestead Road, Chapel Hill, North Carolina, and (2) that <br />the Clerk to this Board is authorized and directed to publish a notice of such public <br />hearing, in the form provided for in Section 159 -56 of the General Statutes, one <br />time, not less than six days prior to such hearing date, in a newspaper having <br />general circulation in the County; <br />AND BE IT FURTHER RESOLVED that the County's Finance Officer is <br />authorized and directed to prepare and file, prior to the publication of the notice of <br />public hearing, a sworn statement of the County's net debt in the form prescribed <br />by statute. <br />92973v1 <br />