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Kenneth T. Chavious <br />June 11, 2004 <br />Page 12 <br />1. There are hereby ordered to be issued general obligation bonds of the <br />County to pay capital costs of the acquisition of land, and interests in land, for <br />preservation, resource protection and open space purposes, together with related <br />financing and other necessary or incidental costs. <br />2. The maximum aggregate principal amount of the bonds issued for <br />such purpose will be $300,000. <br />3. Taxes will be levied in an amount sufficient to pay the principal of <br />and interest on the bonds so issued. <br />4. A sworn statement of debt prepared by the County's Finance Officer <br />has been filed with the Clerk to this Board and is available for public inspection, <br />5. This Bond Order shall take effect 30 days after its publication <br />following adoption, unless it is petitioned to a vote of the people as provided in <br />Section 159-60 of the North Carolina General Statutes, and in that event the order <br />will take effect when approved by the voters. <br />* x x :r• x ~ <br />The foregoing order was adopted by the Orange County Board of <br />Commissioners on June 23, 2004, and is hereby published this day of <br />2004. Any action or proceeding questioning the validity of the <br />order must be begun within .30 days after the date of publication of this notice. <br />By order of the Board of Commissioners. <br />Donna S. Baker <br />Clerk, Board of Conunissioners <br />Orange County, North Carolina <br />Orange 04 2.3 2d meeting dots <br />