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z <br />Four Band Orders for Adoolion <br />Z. Srhod Rands -$47.000.000 <br />BOND ORDEA AUTHORIZING THE ISSUANCE OF GENERAL <br />OBLIGATION SCHOOL BONIhS IN THE MAXNIUM AMOUNT OF <br />$47,000,000 <br />WHEREAS -- <br />The Boatd of Commissioners of Orange County, North Cazolina, by <br />resolution adopted on Lune 25, 2001, hae stated its pmpoeal to issue general <br />obligation bonds to pay capital costs of providing scMOl facilities. <br />The Cowry has applied [o the North Caolina Local Crovemmem Commission <br />for its approval of such bonds, and the Commission has accepted the Comty's <br />application. <br />BE IT ORDERED by ffie Board ofLommissioners of Orange Comty, North <br />Carolina, as follows: <br />1. There are hereby ordered m be issued general obligation bonds of [he <br />County [o pay capital costs of providing school facilities, together with related <br />tmancing antl aher necessary or incidental costs. <br />2. The maximum aggregate principal amourd of the bonds issued for such <br />purpose will be $47,000,000. <br />3. Taxes will be levied m an amount sufhciemm pay [he principal of and <br />interest on the bonds so issued. <br />4. A swam statement of detit prepazed by the County's Finance Officer <br />has been filed with dre Clerk m this Board earl is open m public inspectlon. <br />BONDORDADOPTATT090a <br />