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<br />
<br />appended statement as required by The Local Government Bond Act, as amended,
<br />once in The Concord Tribune and The Daily Independent not later than the sixt~
<br />day before said date.
<br /> UPON MOTION of Commissioner Hamby, seconded by Commissioner Payne and
<br />unanimously carried, the Board approved the "Order Authorizing $25,000,000
<br />School Bonds" on first reading and as stated above.
<br /> UPON MOTION of Chairman Lentz, seconded by Commissioner Moss and unani-
<br />mously carried, the Board scheduled a public hearing for 7:00 P.M. on January
<br />14, 1988, regarding the "Order Authorizing $25,000,000 School Bonds".
<br /> The Board acknowledged receipt of the following Sworn Statement of Debt.
<br />
<br /> COUNTY OF CABARRUS, NORTH CAROLINA
<br />
<br />SWORN STATEMENT OF DEBT MADE PURSUANT TO THE LOCAL
<br /> GOVERNMENT BOND ACT, AS AMENDED
<br />
<br /> I, Blair D. Bennett, Finance Officer for the County of Cabarrus, North
<br />Carolina, having been designated by the Board of Commissioners for said County
<br />to make and file with the Clerk to the Board of Commissioners, a statement of
<br />the debt of said County pursuant to The Local Government Bond Act, as amended,
<br />DO HEREBY CERTIFY that the following is a true statement as shown by the books
<br />in my office, not taking into consideration any debt incurred or to be in-
<br />curred in anticipation of the collection of taxes or other revenues or in
<br />anticipation of the sale of bonds other than funding and refunding bonds:
<br />
<br />(a) GROSS DEBT
<br />
<br />a(1) Outstanding debt evidenced by bonds:
<br /> County Courthouse Bonds ..........
<br /> Public Building Bonds ...........
<br /> School Building Bonds, Series A..
<br /> School Building Bonds, Series B..
<br /> School Building Bond ............
<br /> School Bonds, Series A ...........
<br /> School Bonds, Series B ...........
<br /> Other bonds .....................
<br />
<br />$ 800,000
<br /> 320,000
<br /> 325,000
<br /> 255,000
<br />
<br /> 2,000,000
<br /> 4,300,000
<br />
<br />$ 8,000,000
<br />
<br />a(2) Bonds authorized by an order introduced on
<br /> January 4, 1988, but not yet adopted:
<br /> School bonds .....................
<br />
<br />$25,000,000
<br />
<br />a(3) Unissued bonds authorized by adopted orders:
<br /> Water Bonds .................. $14,500,000
<br /> Technical College Bonds ....... 2~000,000
<br />
<br />a(4) Outstanding debt, not evidenced by
<br /> bonds: ...........................
<br />
<br />$16,500,000
<br />
<br />(a) GROSS DEBT, being the sum of a (1), a(2), a(3) and a(4) .....................
<br />
<br />$49,500,000
<br />
<br />(b) DEDUCTIONS
<br />
<br />b(1) Funding and refunding bonds
<br /> authorized by orders introduced
<br /> but not yet adopted .....................
<br />
<br />b(2) Funding and refunding bonds
<br /> authorized but not yet issued ..~ ........
<br />
<br />b(3) The amount of money held in sinking
<br /> funds or otherwise for the payment
<br /> of any part of the principal of gross
<br /> debt other than debt incurred for
<br /> water purposes or sanitary sewer
<br /> purposes (to the extent that the
<br /> bonds are deductible under G.S.
<br /> §159-55(~) ..............................
<br />
<br />
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