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A ril 37 1967 Minutes - Continued Thereupon the County Accountant filed with the Clerk, in the presence of the . Board, the statement of debt and assessed valuation as so required. Thereupon-the order authorizing $3,000,000 School Building Bonds was passed on first reading. On motion duly made and unanimously carried the Board fixed 10 o'clock A.M., April 17, 1967, as the hour and day for the public hearing upon the foregoing order, and directed the Clerk to publish said order, together with the appended note as required by The County Finance Act, as amended, in The News of Orange County not later than the tenth day before said date. ORANGE COUNTY STATEMENT CONCERNING SCHOOL INDEBTEDNESS Z, S. M. Gattis, County Accountant of Orange County, North Carolina, do make and file the following statement of the financial condition of said County concernin school indebtedness, having been designated by the Board of Commissioners for that purpose. Said statement includes a statement of debt incurred and to be incurred fo 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, and including debt incurred by the County Board of Education, an debt to the State or any department thereof, but not including obligations incurred to meet appropriations in anticipation of revenues to an amount not exceeding the amount of the last preceding tax levy for school purposes: (a) The assessed valuation of property as last fixed for county taxation $166.839.665.Q9 (b) outstanding school debt ........... $3 328:000.00 (c) Bonded school debt to be in- curred under orders either passed or introduced: $3,000,000 School Building-Bonds ............ (d) The sum of items (b) and (c) .......... (e) School sinking funds, being money or investments there- of pledged and held for the payment.of principal of out- $ 0 standing school debt .............. ........... (f) School credits, being prin- cipal sums owing to the County from school districts which are pledged to and when collected will be used in the retirement of out- standing school debt ............. ........... (g) Amount of unissued funding and refunding school bonds $ 0 included in gross debt (h) The sum of items (e), (f) and (g) ............. $....... (i) Net school debt, being the sum $6,328,000.00 by which item (d) exceeds item (h) ............ ............. (j) The percentage that the net school debt bears to said assessed valuation 03 .7929% /S/ S. M. Gattis STATE OF NORTH CAROLINA ) County Accountant ) ss COUNTY OF ORANGE ) Subscribed and sworn to before me this 3rd day of April, 1967. /s/ Archie G. Williams Asst. Clerk Superior Court Orange County CLERKS SEAL