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CM+C� WaG940W 0 � ad <br /> Attachment 1 <br /> Proposed Bond Order for introduction <br /> Bond Order Authorizing the Issuance of Orange County General <br /> Obligation School Bonds in the Maximum Amount of <br /> $ 300 , 000 , 000 , Subject To Voter Approval <br /> WHEREAS The Board of Commissioners of Orange County, North Carolina, has stated <br /> its proposal to issue general obligation bonds to pay capital costs of providing <br /> school facilities . <br /> The County has applied to the North Carolina Local Government <br /> k <br /> t <br /> Commission for its approval of such 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 financingand other necessary or incidental costs . E <br /> Y <br /> 2 . The maximum aggregate principal amount of the bonds issued for <br /> such purpose will be $ 300 , 000 , 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 <br /> Officer has been filed with the Clerk to this Board and is open to public <br /> inspection . <br /> 5 . This Bond Order will take effect when approved by the County' s <br /> voters in the manner provided by law. <br /> i <br />