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F. MINUTES OF BOARD OF COUNTY COMMISSIONERS Cabarrus COUNTY At a meeting of the Board of County Commissioners of ........................ ~.~.~.~. ....................... County, held on the ........ _~.~ ........... day of ........................................................................ 19___.~5__~._, the following members were present, the same being a quorum of sa~d board: "Resolved by the Board o~ County Commissioners of ............................... ~_~.~.~_~. .................................. County: (1) That for properly maintaining a six months' school term in District No..___.~___, .................................... -~ ...................... Township, ............................ ~~ ..................................................... Sch~l ........... )~ ................. Race ................................................... C~~ ....... County, as r~uir~d by Article IX, Section 3, of the Constitution of the State of North Carolina, it is n~essary that certain improvements be made therein of the following character: (Here set out character of improvements as specified in application)- (2) That in order to provide ~id improvements it is neces~ry that the sum of._~_~_~_~.~...~.~.~__~.~.~.~ ...................... .................................................................................................................................. Dollars ($___~_~.~.,~0~_ .................. ) be obtained by borrowing the s~me, to be used by the County Board of Educatio~ ~* ~r~ ~ .... ~, for said purpose. _~ Cabarrus (3) ~at the Board o~ County Commissioners ~ .................................................................................. ~o~ does hereby approve o~ and authorize the application for, and procurement of, a.loan for said ~urpose from the State Literary Fund of the State of North Carolina, es~blish~ and operated under III. C. S. 5683-5687, the same being Article 24, Chapter 136, Public ~ws, 1923, and Chapter 115, Public Laws, 1937, and said Board does hereby authorize and direct that all necessary steps be taken to procure said loan under the terms of said statutes and the rules and regulations of the S~te Board of Eduction governing the making of loans from said fund, and the Chairman and Clerk to this Board are hereby authorized, empowered and directed for and on behalf of this Board to Join with the County Board of Education of ........................................................ .~.~.~-~ ................................................................................................. County in making the n~essary a~plication therefor, and to take such action under this resolution and under said statutes, rules and regula- ~tions~as may be necessary for said purpose. The county accoun~nt is hereby authorized and direct~ to make application to The ~cal G~ ~ernment Commission ~or approval of the issuance o~ such notes. C~b~rrus (4) That the Board of Commissioners of ............................................................................... County hereby agrees to le~, at the appro- priate tax levying period in each and every year, upon all taxable property in said county, ad valorem taxes at a rate sufficient to m~t the interest and principal payments on such part of the loan requested herein as may be approved by the State Board of Education, and thereby provide the funds neces~ry each and every year to meet and repay the inter~t.and principal paymen~ due on such approved loan, under the te~s of the statute by authority o~ which the said loan is made, and in accordance with the rules and re~lations of the S~te Board of Education governing such loans, as found in Book 10, pp. 340 and 368, of the minutes of the said State Board of Education." The resolution was duly adopt~ by the following vote: Those ~o~ve were: ~ ~ Those voting in the negative were: Whoroupon th~ Chairman announeod that ~ald resolution wa8 duly and proporl~ adoptod. . 8s roeor~ed In tho roeord of ~ts ~roeeeding8 in Book ............ ~____, pag~ ................. , and of the mt~e~ of the Board of Count7 ~ommls~tonor~ Count~ Attorne~ for ............................................................... '~'--