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CABARRUS COUNT~ STAT~ENT CONCERNINC SCHOOL INDEBTEDNESS [, Chas. N. Field, County Accountant of Cabarrus County, North Carolina, io make and file the follo;~lng statement of the financial condition of ~aid County, having been designated by the Board of Commissioners for tha' ~urpose. Said ~tatement includes a statement of debts incurred and to be hucurred for school purposes under orders either introduced or passed, wh ~ther ~videnced by bonds, notes, or otherwise, and whether incurred by original ~reation of the debt or by assmmption of debt, including debt incurred by ;he County Board of Education, and including debt to the. State or any iepartment thereof, but not Lncluding obligations incurred to meet appro- priations in anticipation of revenues to an amount not exceeding the amo~ Lt ~f the last preceding tax levy for schoo~ purposes (except such thereof a: Lre to be funded under bond orders introduced or passed, which obligation~ ~re inc~luded), nor including debt incurred in anticipation of the sale of ~ny kind of bonds except funding ~ and refunding bonds. a) Assessed valuation of property as last fixed ibr County taxation ........... ............$57,585,~99.(~ lb) Outstanding school debt .......... $391,925.00 c) Bonded school debt to be in- curred under orders either passed or introduced: School Building Bonds ........... $ 55,000.~O Id) The sum of items (b) and (e)., ........................ $ ~d6,925.(10 ie) School sinking funds, being money or investments thereof pledged and held for the pay- ment of principal of out- standing school debt ................ None ~f) School credits, being prin- cipal sums oweing to the County from School districts which are pledged to and when collected will be used in the retirement of outstazzbing school debt .......... $53,682.00 g) Amount of unissued funding and refunding bonds included in gross debt .......................... None th) The sum of items (e), (f) and (g) ......................... $ 53,682.(~) i) Net School debt, being the sum by which item (d) exceeds item (h) ................................. $393,243.(~ i J) The percentage that the net school debt bears to said assessed valuation .......................... o.68 % Chas. N. Field County Accountant Cabarrns County, North Carolim . ~AT~ OF NOI'?TH CAROLINA, CABARRUS COUNTY: ss Subscribed and sworn to before me this 6th d~? of August, 19A5. Anzolette R. Cartner Deputy Clerk Superior Court I~, Jno. R. Boger, Clerk 'to the Board of Commissioners for the County ,f. Cabarr~s, North Caroli~, Do Hereby Certify that the foregoing is a .rue copy of a statement filed vdth me on August 6, 1945, after the mtroduction of a bond order authorizing $55,000 School Building Bonds. WITNESS my hand and the seal of said County, this 6th day of August, Jo[m R. Boger, Clerk to the Board of Commissio~ers for the County of Csbarrus, North Ca rolima