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9rCK J PAGE 9
<br />Section 2. Said bonds shall be registrable as to principal alone in
<br />accordance with the provisions for registration hereinabove in this
<br />resolution provided to be endorsed upon said bonds, and the Register of
<br />Deeds and ex officio Clerk of the Board of Commissioners is hereby designated
<br />Bond Registrar for the registration and transfer of said bonds, subject
<br />to the right of the Board of Commissioners hereafter to designate another
<br />Bond Registrar. No charge shall be made to any bondholder `or the
<br />privilege of registration and transfer herein granted.
<br />Section 3. The:action of the County Administrator in applying to
<br />the Local Government Commission to approve, advertise and sell said
<br />bonds and the action of the Local Government Commission in asking for
<br />sealed bids for said bonds by publishing a sale notice and printing and
<br />distributing circulars be and the same is hereby-ratified and confirmed.
<br />Upon motion of Commissioner Smith, seconded by Commissioner Walker,
<br />the foregoing resolution entitled: "RESOLUTION FIXING THE FORM AND
<br />MANNER OF EXECUTION OF $650,000 WATER AND SEWER BONDS, AND $130,000 COUNTY
<br />CFFICE BUILDING BONDS TO BE ISSUED UNDER DATE OF JUNE 1, 1967, PROVIDING
<br />FOR THE REGISTRATION THEREOF AND RATIFYING APPLICATION TO LOCAL GOVERNMENT
<br />COMMISSION FOR THE ADVERTISEMENT AND SALE OF SAID BONDS" was passed by the
<br />following vote:
<br />Ayes: Commissioners Bennett, Ray, Smith, Walker and Ward.
<br />Noes: None.
<br />Thereupon Commissioner Ward introduced the following resolution which
<br />was read:
<br />RESOLUTION AUTHORIZING THE PRINTING
<br />OF THE LEGAL OPINION ON THE $650,000
<br />WATER AND SEWER BONDS AND THE $130,000
<br />COUNTY OFFICE BUILDING BONDS TO BE
<br />ISSUED UNDER DATE OF JUNE 1, 1967
<br />BE IT RESOLVED by the Board of Commissioners for the County of
<br />Orange that there shall be printed on the reverse of each of the $650,000
<br />Water and Sewer Bonds and the $130,000 County Office Building Bonds to be
<br />issued under date of June 1, 1967, the legal opinion of Mitchell,
<br />Pershing, Shetterly & Mitchell, Bond Counsel to the County of Orange,
<br />with respect to the validity of said bonds, and there shall be printed
<br />immediately following such legal opinion a certificate signed with the
<br />facsimile signature of the Chairman of the Board of Commissioners for said
<br />County, such certificate to be in substantially the following form:
<br />I HEREBY CERTIFY that the foregoing
<br />is a true and Correct copy of the legal
<br />opinion on the bonds therein described
<br />which was manually signed by Mitchell,
<br />Pershing, Shetterly & Mitchell, New York,
<br />N. Y., and was dated as of the date of
<br />delivery of and payment for said bonds.
<br />(Facsimile signature)
<br />Chairman of the Board of Commissioners
<br />for the
<br />County of Orange, North Carolina
<br />Upon motion of Commissioner Ward, seconded by Commissioner Ray,
<br />the foregoing resolution entitled: "RESOLUTION AUTHORIZING THE PRINTING
<br />OF THE LEGAL OPINION ON THE $650,000 WATER AWD SEWER BONDS AND THE $130,000
<br />COUNTY OFFICE BUILDING BONDS TO BE ISSUED UNDER DATE. OF JUNE 1, 1967"
<br />was passed by the following vote:
<br />Ayes: Commissioners Bennett, Ray, Smith, Walker and Ward.
<br />Noes: None --
<br />Upon motion of Commissioner Walker, seconded by Commissioner Ward the
<br />following appropriations resolution was duly adopted.
<br />FUND SUM
<br />Bond $ 79,765.00
<br />General 523,485.00
<br />Public Health 108,500.00
<br />Revaluation 20,000.00
<br />School Current Expense 526,110.00
<br />School Capital Outlay 598,500.00
<br />School Debt Service 306,190.00
<br />General Welfare 261,375.00
<br />Welfare A.F.D.C. 301,360.00
<br />Welfare A3P.T.D. 142,680.00
<br />Welfare M.A.A. 11,200.00
<br />Welfare O.A.A. 201,240.00
<br />$3,OE2,405.00
<br />
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