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58 <br /> Bond Order Authorizing the Issuance of General Obligation <br /> School Bonds in the Maximum Amount of$ , <br /> Subject to Voter Approval <br /> WHEREAS -- <br /> The Board of Commissioners of Orange County, North Carolina, has <br /> stated its proposal to issue general obligation bonds to pay capital costs of <br /> providing school facilities. <br /> The County has applied to the North Carolina Local Government <br /> Commission for its approval of these bonds, and the Commission has accepted <br /> the County's application. <br /> BE IT ORDERED by the Board of Commissioners of Orange County, North <br /> Carolina, as follows: <br /> 1. There are hereby ordered to be issued general obligation school <br /> bonds of the County to pay capital costs of providing school facilities, together <br /> with related financing and other necessary or incidental costs. <br /> 2. The maximum aggregate principal amount of the bonds issued for <br /> such purpose will be $ <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 <br /> Officer has been filed with the Clerk to this Board and is open to public <br /> inspection. <br /> S. This Bond Order will take effect when approved by the County's <br /> voters in the manner provided by law. <br />