AG19850204 - Laserfiche WebLink

Home Browse Search

I ! Commissioner moved that the Board ratify the publication of the Notice and designate this meeting as a public hearing on the revenue bond issue and the Project. The motion was seconded by Commissioner and was unanimously adopted. At o'clock, .M., the Chairman announced that the Board would hear anyone who wished to be heard on the advisability of issuing the revenue bonds and the Project. The names and addresses of the persons who were present and summaries of their comments are as follows: After the Board had heard all persons who requested to be heard, Commissioner moved that the public hearing be closed. The motion was seconded by Commissioner and was unanimously adopted. Commissioner introduced the following resolution which was read at length: Resolution No. RESOLUTION APPROVING THE ISSUANCE BY THE CABARRUS COUNTY INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING AUTHOR- ITY OF ITS $1,200,000 INDUSTRIAL REVENUE BOND (MARKS & MARKS/KETTERING INDUSTRIES, INC. PROJECT) TO FINANCE ~ INDUSTRIAL AND ~NUFACTURING PROJECT IN CABARRUS COUNTY, NORTH CAROLINA FOR MARKS &MARKS AND APPROVING SUCH PROJECT IN PRINCIPLE. WHEREAS, the Board of County Commissioners has created a political subdivision and body corporate and politic of the State of North Carolina known as "The Cabarrus County Industrial Facilities and Pollution Control Financing Authority" (the "Authority"); and WHEREAS, the Authority is authorized under the Industrial and Pollution Control Facilities Financing Act, Chapter 159C of the General Statutes of North Carolina (the "Act"), to issue revenue bonds for the purpose, among others, of paying all or any part of the cost of any industrial or pollution control project for industry; to acquire, construct, improve and equip any such project; and to make and execute financing agreements, security documents and other contracts and instruments necessary or conven- lent in the exercise of such powers; and