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(c) That it is necessary that Cabarrus County, acting as an administrative agen
<br /> of the State in providing a State system of public schools, issue at this time ~870,000
<br /> of sai~ $2,337,000 school building bonds, $240,400 of the proceeds of said $870 000 bon~s
<br /> ?
<br />
<br /> to be ~ 5ed to pay the $240,400 School Building Bond Anticipation Notes describe in par~ -
<br />
<br /> graph b) above.
<br />
<br /> Section 2. That there shall be issued at th~sttime $870,000 of said $2 337,000
<br />
<br /> school building bonds, which $870,000 bonds shall be designated "S~hool Buildin Bonds~
<br /> Series ~", shall consist of 870 bonds of the denomination of ~,000 each, numbe~ ed 1 to
<br /> 870, iz clusive, and said bonds shall mature annually, March 1, in numerical ordE r, lowet~t
<br /> number~ first, $16,000 1950 to 1959, inclusive, $20,000 1960, $25,000 1961, $25 GOO 196'~!,
<br /> and $4( ,0OO 1963 to 1978, all inclusive, without option of prior payment.
<br />
<br /> Section 3. That the action of the County Attorney in requesting the Lo. al Gove ~-
<br />
<br /> ment Ccmm~ssion to advertise and sell said $870,000 School Building Bonds, Seri~is A, be
<br />
<br /> and th~ same is hereby ratified.
<br />
<br /> Upon motion of Commissioner .H.. L. F~ seconded by Commissioner~.
<br />
<br /> the fo~.ego~ng resolution eatitled "Resolution providing for the issuance of $87(,,OO0 ~c ool
<br />
<br /> Buildi~.g Bonds, Series A", was.passed by the following vote:
<br />
<br /> Ayes: Commissioners ~, Lee~llkt~ .to, .C~!~,: C. M.~ ~Cr_.~ell..,. R..W., ~Olim, .H.. _L.
<br />
<br /> Fink m .d P. E. Stallings ·
<br />
<br /> Noes: None ,
<br />
<br /> I, .. John R. Boger, Register of Deeds m~d ex officio Clerk of the Roard ot Ccmmis ~ioners
<br />for th~ County of cabarrus, North Carolina, DO HEREBY CERTIFY that the prooeedi, is of s~id
<br />Board . t a regular meeting held August 2, 1948 .have heretofore been fully recor~ ed by m.
<br />in the official records of said Board, in Book 12 of the minutes of said oard, b -
<br />ginnin~ at page 434 . and ending at page 438 , and that the foregoing ma ter has i~.~
<br />been iI terally copied from said reco~d minutes .and is the whole of that l~ion of said
<br />minute., which relates in any way to the authorization of bonds of said County. .~
<br /> WITNES~ my hand and the corporate seal of said County, this, 20.th~day c~ August
<br />1948.
<br />
<br /> ,...
<br /> Register or ~eeds and mx c f'~i~io
<br /> Clerk of Board of Commiss~.oners.
<br />
<br />
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