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The Board of Commissioners for the County of Cabarrust <br />North Carolina, met in regular session in the Commissioners' <br />Room of the County Courthouse in Concord, North Carolina, the <br />regular 91ace of meeting, at 9=30 A.M., on April 14, 1980. <br /> <br /> Present= Chairman Troy Ray Cook, presiding, and Commis- <br />sioners <br /> <br /> Absent: <br /> <br /> Commissioner introduced the following <br />resolution which was read= <br /> <br /> RESOLUTION PROVIDING FOR THE ISSUANCE <br /> OF $5,000t000 SCHOOL BONDS~ SERIES B <br /> <br /> BE IT RESOLVED by the Hoard of Commissioners for the <br />County of Cabarrus= <br /> <br /> Section 1. The Hoard of Commissioners has determined <br />and does hereby find and declare: <br /> <br /> {a) That an order authorizing $8,000,000 School Bonds <br />was adopted by the Board of Commissioners for the County of <br />Cabarrus on August 22, 1978, which order was approved by the <br />vote of a majority of the qualified voters of said County <br />who voted thereon at a referendum duly called and held on <br />November 7, 1978. <br /> <br /> (b) That $3,000,000 of said bonds have been issued, <br />which bonds are designated "School Bonds, Series A" and <br />dated April 1, 1979, that no notes have been issued in <br />anticipation of the receipt of the proceeds of the sale of <br />the balance of said bonds, and that it is necessary to issue <br />at this time the balance of said bends. <br /> <br /> <br />