Minutes - 19591102 - Laserfiche WebLink

Browse Search

ls~ Thereupon the County Accountant filed with the Clark, in the pray®ce of the Hoard, the statement of debt and aeaeased valuation ae so required. On motion duly made and unanimously carried the Board fixed 10 oblock, A.'d., November 16, 1959> as the hour and date for the public hearing upon the foregoing order, end directed the Clerk to publish said order, together with the appended note as required by the Couwty Finance Act, as amended, is The News of Orange County not later than the tenth day before sold date. OAANvE COUNTY STATQ.~NT CONCERNING SCROOL It~EBTIDNESS I, S. 6l. Gatti:, County Acoountant of Orange County, North Carolina, do make and file the following stet®ent of the financial condition of said Ceunty, Ewing been designated by the Board of Co:maieetionera for that purpose. Said statement includes a statement of debt incurred and to be incurred for school purposes under orders either introduced or passed, whether evidenced by bonds, notes or otherwise, and whether incurred by original creation of the debt or by assumption of debt, including debt incurred by the County Board of Education, and including debt to the State or axq department thereof, but not including obligations incurred to meat appropriations in anticipation o!' revenues to an amount not exceeding the amount of the last precedin; tax levy for school purposes: (a) The assessed valuation of property at last fixed for County Taxation $89,726,938 (b) Outstanding schocl debt $ 2,897,000 (c) Handed debt to be incurred under orders either passed or introduced: School Building Bonds $ 50,000 (d) The sum of items (b) and (c) $ 2,897.000 (b) School sinking funds, bsing money or lweat+aents thereof pledged and held for the payment of principal of outstanding school debt $ None (f) School credits, being principal soma Doing to the County fY'om school districts which are pledged to and when collected will be used in the retirement of outstazuling school debt $ None (g) Amount of unissued funding and refunding school boada included in gross debt $ None (h) The sum of items (e), (f), and (g) $ None (i) Nat school daUt, being the sum by which item (d) exneeds Item (h) $ 2,897,000 ($) The percentage that the net school debt bears to said assessed valuation 3.229 /s/ S. M. Gatti: County Accountant Upon motion duly made end unanimously adopted this Board does now sd,]ovrn to meet at 10 o~clock, A.'3., on 6tenday, November 16, 1959. - ~ _ ?~i;1~~e/~ R~J~M. Hobbs Chairmen s. N. Gattta Acting Clerk Betty June Hayes