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NORTH CAROLINA
<br /> CABARRUS COUNTY
<br /> NO 761 July 2, 2003
<br /> NOTICE OF PUBLIC
<br /> HEARING AND ORDER
<br /> AUTHORIZING
<br /> ' ~':. $69,610,000
<br /> : REFUNDING BONDS
<br /> BE' IT ORDERED by. the
<br /> Board of Comm~ssioners for
<br /> fha' Counly -of Cabanas,. No~
<br /> Caroline: . ~
<br />
<br />' f. That, pumuant to '~ The
<br />Local Government Bond Act,
<br />as' amended, the Count~ of
<br />Cahanas, North Carolina, is
<br />hereby aulhonz~ to contract
<br />a debt, ~n addition to, any and
<br />all other debt which said Court- '
<br />ty may now or hereafter have
<br />power or authority to contracl,
<br />and m e~dence thereof, to ~s-
<br />sue Refunding 8onds ~n an ag-
<br />gregate principal amount'mot
<br />exceeding $69,610,000, for
<br />the purpose, of providing
<br />funds, together w~ ,any'other';
<br />avadable, funds, for (I) re-'
<br />funding all or a pot~on of the
<br />following outstanding general
<br />yb:~ligaaon bonds of safd Coun-
<br />
<br />7047899157
<br />
<br />$8s250,000 Water Bonds Se-
<br />nas 1992, dated Apdl '1, 4992
<br />and stated to mature on Apnl
<br />1, 2004 to April 1, 2012, Inclu-
<br />sive, . - ,
<br />$14,095,00'0 'Refund~.n~
<br />Bonds, Sones 1993 Cted N~
<br />vember 1, 1993 and sis{ed to'
<br />mature, on' March 1 2004 to,
<br />March 1, 2010, Incluave, and; ;
<br />$38800000 Scho¢,: Bonds,
<br />S~as 1997, deted~'Februa~
<br />1, 1994 a~d stated' to fnature
<br />on February 1, 2004 to Febru-
<br />ap 1, 2018, snclus~ve; -...'
<br />and (i~) paying .expenses relat-
<br />ed thereto -
<br />2 That taxes sl~all, b~ lewed
<br />an amount sufficient to pay
<br />the pnnctp~J.~of, and the inter-
<br />est on said Refunding Bon.cls
<br />3 That a sworn statement of
<br />the debt. of. sa{d. County has
<br />b~ri iliad wit~ thC'Clark t6'~e
<br />'Board (iU Corflm~ss~0ners ' ~,nd
<br />is o~en t(~ publl~ ~n.s. pec~t~on
<br />4, That this ord~r';~hall ta~e ef-
<br />fect upon its ad,rico,.
<br />The forego~0g ,ord&r has b~en
<br />intr~used, ired a ~swom state-
<br />ment of debt. has been flied un-
<br />der The L~,al ' Government
<br />Bond Act showlhg the apprais-
<br />ed value ~1 the County of
<br />Cabanas, North ~-Carolina, to
<br />be ~$11,269,970;000 and the
<br />net debt' therebf, i0cluding, the
<br />proposed bonds;, to ,'be
<br />$144,579,85~.88,. A tax ~l¢,be
<br />levied to pay th~. pnr~tpal of-'
<br />and interest on the bonds ~f~
<br />they are' Issued Anyone
<br />wishes tO be heard on'~the
<br />questions of the validity of the
<br />bond on:let and the' advisabili-
<br />ty of issufng the bonds may'~p..
<br />pear at'a publlc.heanng or an
<br />adjournment thereof to. be
<br />held by the Board of, Comm~s-
<br />s[onem of said County at its
<br />regular meeting at 6 30pm on
<br />July 21, 2003 ~n the-commas-~
<br />s~oners' MeCng Room ~n the!
<br />Cabarrus County. Govemment-~.
<br />al Center in Concord, 'North~
<br />Carolina,
<br />Frankie F. Bonds
<br />Clerk to the Board of
<br />Commissioners
<br />Cabanas County,
<br />North Carolina ~
<br />
<br />INDEPENDEN'
<br />
<br /> The [ndependent Tribun
<br /> On this, the_ ~'~'~-'~_. . day ol
<br />
<br />of -'i'he INDEPENDENT TRIBUf
<br />advertisement was duly i~s~rl
<br />following datem
<br />
<br />and was published therein for
<br />
<br />TRIBUNE
<br />
<br />PAGE
<br />
<br />IE, certifies that the annexed
<br />ed In the paper on the
<br />
<br />_ ' 1 weeks. The
<br />
<br />l:otal cost (~f th.is advertisemen $. (2"/, ' ...
<br />
<br />S, .ed &) ..,-O
<br />
<br />02
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