AG 2013 02 18 - Laserfiche WebLink

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EXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS OF THE COUNTY OF CABARRUS, NORTH CAROLINA The Board of Commissioners for the County of Cabarrus, North Carolina, met in regular session in the Commissioners' Meeting Room in the Cabarrus County Governmental Center in Concord, North Carolina, the regular place of meeting, at 6:30 p.m., on February 18, 2013, with , Chairman, presiding. The following Commissioners were: PRESENT: ABSENT: ALSO PRESENT: Commissioner introduced the following order authorizing bonds, which was read: ORDER AUTHORIZING $95,580,000 REFUNDING BONDS BE IT ORDERED by the Board of Commissioners for the County of Cabarrus, North Carolina: 1. That, pursuant to The Local Government Bond Act, as amended, the County of Cabarrus, North Carolina, is hereby authorized to contract a debt, in addition to any and all other debt which said County may now or hereafter have power or authority to contract, and in evidence thereof, to issue Refunding Bonds in an aggregate principal amount not exceeding $95,580,000, for the purpose of providing funds, together with any other available funds, for (1) refunding all or a portion of the following outstanding general obligation bonds of said County: $38,400,000 School Bonds, Series 2005, dated March 1, 2005 and stated to mature on March 1, 2013 to March 1, 2025, inclusive; $41,500,000 Public Improvement Bonds, Series 2006, dated September 1, 2006 and stated to mature on March 1, 2013 to March 1, 2027, inclusive; and (ii) paying expenses related thereto. 2. That taxes shall be levied in an amount sufficient to pay the principal of and the interest on said Refunding Bonds. 3. That a sworn statement of debt of said County shall be filed with the Clerk to the Board of Commissioners pursuant to N.C.G.S § 159 -55 and be open to public inspection. 4. That this order shall take effect upon its adoption. Attachment number 1 G -1 Page 130