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154 <br /> <br /> $8,000 School Building Bonds, Series O, dated September 1, 1948, <br /> <br /> maturing March 1, 1954, <br /> <br /> $8,000 School Building Bonds, Series D, dated September 1, 1948, <br /> <br /> maturing March 1, 1954. <br /> <br /> 4. TBat a tax sufficient to pay the principal and intere~ of t he $96,000 bonds herein <br /> <br /> authorized, whe~ due, shall be annually levied and collected. <br /> <br /> 5. That the holders of the $96,000 b~onds here. in authorized shall be subrogated to all <br /> <br /> the rights and powers oft he holders of the indebtedness refunded thereby. <br /> <br /> 6. Ths~ a statement of the County debt has been filed with the clerk and is open to <br /> <br /> l~lic insepction. <br /> <br /> 7. That this order shall take effect upon its passage and ~all not be submitted to the <br /> <br /> ~oterse <br /> <br /> The Board thereupon designated the County Accountant as the officer to make and file <br /> <br /> with the Clerk of the State _me~t of debt and asessed valuation of the County as required by The <br /> County Finance Act, as amdnded, to be filed befo~ the final passage of the order which was in- <br /> troduced at this meeting. <br /> <br /> TYs reupon the County AccoUntant filed with the Cl~k in t~presence of the Board the <br /> <br /> statement of debt and asJessed valuaBion as so required. <br /> <br /> Thereupon the order entitled : #ORDER AUTHORIZING $96,000 REFUNDIMG BONDS <br /> <br /> on first reading. <br /> <br /> On moti°n duly made and unanimously carried the Board fixed 10 o'clock A. M. July 27, <br /> <br /> 1953, as the hour and day for the public hearing upon the foregoing order, and directed the clerk <br /> tu publish said order together with the appended note as required by The Co~ty Finance Act, as <br /> ameh~k~, in the Concord Tribune not later .than the tAuth day before said da~e~ <br /> <br /> I, J~mu R. Be~er, Register of Deeds and ex officio Clerk of the Board of Commissioners <br /> <br /> the County of Cabarrus, North Caroliaa, DO HE~Y CERTIFY that the f~going is a true copy of so <br /> much of the ~roceedings of said Beard at a meeting held July 13, 1953, as relates in any way to <br /> authorization of $96,000 refuhding bonds of said County, and that said proceedingw are recorded in <br /> <br /> _~nute Book 13 ~g~khe minu~es of said Board, beginning at page 153 ~page 1b ... <br /> <br /> Board, this July, 1953. <br /> WITNESS m~ hand and the corporate seal of said <br /> <br /> Clerk of Board of Commissioners <br /> <br /> <br />