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(e) DEBT RATIO <br /> <br /> (e) Percentage which the NET DEBT (c) bears to <br /> the APPRAISED VALUE (d) ................ ~ . 3 % <br /> <br /> The foregoing statement is true. <br /> <br /> for the County of <br /> Cabarrus, North Carolina <br /> <br />STATE OF NORTH CAROLINA ) <br /> ) ss.: <br />COUNTY OF CABARRUS ) <br /> <br /> Subscribed and sworn to before me this 5th day of October 1987. <br /> <br /> I, Frankie F. Small, Clerk to the Board of Commissioners for <br />the County of Cabarrus, North Carolina, DO HEREBY CERTIFY that the <br />foregoing is a true copy of a statement which was filed with me at a <br />meeting of said Board held on October 5: 1987, after the <br />introduction and before the public hearing on two orders authorizing <br />$29,000,000 Sanitary Sewer Bonds and $2,000,000 Technical College <br />Bonds of said County and that said statement is open to public <br />inspection in my office. <br /> <br /> WITNESS my hand and the corporate seal of said County, this <br /> day of October 1987. <br /> <br /> Clerk to the Board of Commissioners <br /> <br /> <br />