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467
<br />
<br /> WHEREAS, pursuant to said Article 6, said Board is the governing body
<br />of said District; now, therefore,
<br />
<br /> BE IT ORDERED by the Board of Commissioners for Cabarrus County,
<br />North Carolina:
<br />
<br /> 1. That, pursuant to Article 6 of Chapter 162A of the General
<br />Statutes of North Carolina and The Local Government Bond Act, as amended,
<br />the Water and Sewer District of Cabarrus County, in Cabarrus County,
<br />North Carolina, is hereby authorized to contract a debt, in addition
<br />to any and all other debt which said District may now or hereafter have
<br />power or authority to contract, and in evidence thereof to issue Water
<br />Bonds in an aggregate principal amount not exceeding $7,275,000 for the
<br />purpose of providing funds, with any other available funds, for constructing
<br />a portion of a water system for said District, including the construction
<br />and installation of water mains and lines, water storage tanks, water
<br />pumping facilities and appurtenant facilities for the transmission and
<br />distribution of water to be provided by the Oity of Concord, North
<br />Carolina or Cabarrus County, North Carolina and the acquisition of
<br />necessary land, rights of way and equipment.
<br />
<br /> 2. That taxes shall be levied in said District in an amount
<br />sufficient to pay the principal of and the interest on said bonds.
<br />
<br /> 3. That a sworn statement of the debt of said District has been
<br />filed with the Clerk to said Board and is open to public inspection.
<br />
<br /> 4. That this order shall take effect when approved by the voters
<br />of said District at a referendum as provided in The Local Government
<br />Bond Act, as amended.
<br />
<br /> The Board of Commissioners thereupon designated the Finance Officer
<br />for the County as the officer whose duty it shall be to make and file
<br />with the Clerk to the Board of Commissioners the sworn statement of
<br />debt of the District which is required by The Local Government Bond
<br />Act, as amended, to be filed after the bond order has been introduced
<br />and before the public hearing thereon.
<br />
<br /> Thereupon the Finance Officer filed with the Clerk to the Board of
<br />Commissioners, in the presence of the Board of Commissioners, the sworn
<br />statement of debt as so required.
<br />
<br /> Thereupon the order entitled: "ORDER AUTHORIZING $7,275,000 WATER
<br />BONDS'~ was passed on first reading.
<br />
<br /> On motion duly made, seconded and unanimously carried, the Board
<br />of Commissioners fixed 7:15 P.M., January 16, 1984 in the Commissioners'
<br />Meeting Room of the County Courthouse in Concord, North Carolina as the
<br />hour, day and place for the public upon the foregoing order and directed
<br />the Clerk to the Board of Commissioners. to publish said order, together
<br />with the appended statement as required by The Local Governn~ent Bond Act,
<br />as amended, once in The Concord Tribune and The Kannapolis Daily
<br />Independent not later than the sixth day before said date.
<br />
<br /> UPON MOTION of Commissioner..Barnhardt, seconded by COmmissioner
<br />Milloway and unanimously carried, the Bo~ard approved the introduction
<br />of the bond order for the Water and Sewer District of Cabarrus County as
<br />stated above.
<br /> The sworn statement of debt of the Water and Sewer District as filed
<br />by Mr. Blair Bennett was as follows.
<br />
<br /> WATER AND SEWER DISTRICT OF CABARRUS COUNTY,
<br /> NORTH CAROLINA
<br />
<br />SWORN STATEMENT OF DEBT MADE PURSUANT TO THE LOCAL
<br /> GOVERNMENT BOND ACT, AS AMENDED
<br />
<br /> I, Blair D. Bennett, Finance Officer for Cabarrus County, North
<br />Carolina, having been designated by the Board of Commissioners for said
<br />
<br />
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