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August 16, 2004 Page 587
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<br />2. That taxes shall be levied in an amount sufficient to pay the principal
<br /> of and the interest on said bonds.
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<br />3. That a sworn statement of the debt of said County shall be filed with
<br /> the Clerk to the Board of Commissioners and be open to public
<br /> inspection.
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<br />4. That this order shall take effect when approved by the voters of said
<br /> County at a referendum as provided in The Local Government Bond Act, as
<br /> amended.
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<br /> The Board of Commissioners thereupon designated the Finance officer as
<br />the officer whose duty it shall be to make and file with the Clerk to the
<br />Board of Commissioners the sworn statement of debt of the County which is
<br />required by The Local Government Bond Act, as amended, to be filed after said
<br />bond orders have been introduced and before the public hearing thereon.
<br />
<br /> Thereupon the Finance Director 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 $94,900,000.00 SCHOOL
<br />BONDS" was passed on first reading.
<br />
<br /> Thereupon the order entitled: "ORDER AUTHORIZING
<br />COMMUNITY COLLEGE BONDS" was passed on first reading.
<br />
<br />$3,100,000.00
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<br /> On motion duly made, seconded and unanimously carried, the Board of
<br />Commissioners fixed 6:00 p.m., August 25, 2004, in the Commissioner's Meeting
<br />Room in the Cabarrus County Governmental Center in Concord, North Carolina,
<br />as the hour, day and place for the public hearing upon the foregoing orders
<br />and directed the Clerk to the Board of CommissiOners to publish said orders,
<br />together with the appended statement giving notice of said hearing as
<br />required by The Local Government Bond Act, as amended, once in The
<br />Independent Tribune not later than the sixth day before said date.
<br />
<br /> COUNTY OF CABARRUS, NORTH CAROLINA
<br /> SWORN STATEMENT OF DEBT MADE PURSUANT TO THE LOCAL
<br /> GOVERNMENT BOND ACT, AS AMENDED
<br />
<br /> I, Pam S. Dubois, Finance Officer for the County of Cabarrus, North
<br />Carolina (the "County"), having been designated by the Board of Commissioners
<br />for said County to make and file with the Clerk to the Board of said County a
<br />statement of the debt of said County pursuant to The Local Government Bond
<br />Act, as amended, DO HEREBY CERTIFY that the following is a true statement as
<br />shown by the books in my office, not taking into consideration any debt
<br />incurred or to be incurred in anticipation of the collection of taxes or
<br />other revenues or in anticipation of the sale of bonds other than funding and
<br />refunding bonds:
<br /> (a) GROSS DEBT
<br />
<br />a(1) Outstanding debt evidenced by bonds:
<br /> School Bonds, Series 1997 $ 5,100,000
<br /> Refunding Bonds, Series 2003 14,540,000
<br /> (of which $4,782,108 refunded Water Bonds)
<br /> Refunding Bonds, Series 2004 32,855,000
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<br /> Total
<br />
<br />a(2)
<br />
<br />Bonds authorized by orders intrOduced on August 16,
<br />2004, but not yet adopted: School Bonds
<br /> Community College Bonds
<br />
<br />a(3)
<br />
<br />a(4)
<br />
<br />Unissued bonds authorized by adopted orders:
<br /> Refunding Bonds
<br />
<br />Outstanding debt, not evidenced by bonds:
<br />
<br />$52,495,000
<br />
<br />$94,900,000
<br /> 3,100,000
<br />$98,000,000
<br />
<br />$19,265,000
<br />
<br />$124,151,711
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<br />(a) GROSS DEBT, being 'the sum of a(1) ,a(2) ,a(3) , and a(4): $293,911,711
<br />
<br />b(1)
<br />
<br />b(2)
<br />
<br /> (b) DEDUCTIONS
<br />
<br />Funding and refunding bonds authorized by orders
<br />introduced but not yet adopted:
<br />
<br />Funding and refunding bonds authorized but not yet
<br />issued:
<br />
<br />-0-
<br />
<br />$19,265,000
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<br />
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