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(d) <br /> <br /> (d) APPRAISED VALUE <br /> <br />APPRAISED VALUE of property subject to County taxation before <br />the application of any assessment ratio, being the value fixed in 2002: <br /> <br />$11,269,970,000 <br /> <br />(e) <br /> <br /> (e) DEBT RATIO <br /> <br />Percentage which the NET DEBT (c) bears to APPRAISED VALUE (d): <br /> <br />1.28% <br /> <br />The foregoing statement is tree. <br /> <br /> Finance Officer <br />Cabarms County, North Carolina <br /> <br />STATE OF NORTH CAROLINA <br />COUNTY OF CABARRUS <br /> <br />Subscribed and sworn to before me this 16th day of June, 2003. <br /> <br />My commission expires: <br /> <br />Notary Public <br /> <br /> I, Frankie F. Bonds, Clerk to the Board of Commissioners for Cabarms County, North <br />Carolina, DO HEREBY CERTIFY that the foregoing is a true copy of a statement which was <br />filed with me at a meeting of said Board of Commissioners held on June 16, 2003, after the <br />introduction and before the public hearing on an order authorizing $69,610,000 Refunding Bonds <br />of said County, and that said statement is open to public inspection in my office. <br /> <br />WITNESS my hand and the corporate seal of said County, this 16th day of June, 2003. <br /> <br />Frankie F. Bonds <br />Clerk to the Board of Commissioners <br />Cabarms County, North Carolina <br /> <br />5 <br /> <br /> <br />