|
130
<br />
<br /> The Board of Commissioners for the 6ounty .of Cabarrus, convened at the Courthouse in Concord,
<br />
<br /> North Carolina, the usual place of meeting, in adjorned regular sesaion, at 10:00 O'Clock
<br />
<br /> A. M. on February 9, 1953.
<br />
<br /> Present; cha~mmn, J. Lee White, and
<br /> C ~o~,~ssioners, M. S. Lyles , P. E. Stallings, L.. B~ma~ n Barrier
<br />
<br /> and H. L. Fink
<br />
<br /> ~ Absent; None .
<br />
<br /> Co,~issio~em P. E. Stallings introduced the following resolution which was reads ~
<br />
<br /> R~SOL~TION PROVIDING FOR THE ISSUANCE OF $72,000 COURTHOUSE BONDS
<br />
<br /> BE IT RESOLVED by th~ Board of Commissioners for the County of Cabarrus:
<br />
<br /> Se erich 1.. That the Board of Commissioners has determined and does .he,by find and
<br />
<br /> declare;
<br />
<br /> (a) That an .order authorizing $72,000 Courthouse Bonds of the County of Cabarrus
<br />
<br /> was finally-passed on December 8, 1952.
<br />
<br /> (b) That none of said bonds has been issued.
<br />
<br /> (c) That the C~barrus County Courthouse which is to be A toted and the
<br /> addition which is to be erected thereto pursuant to said order shall be of
<br /> fireProof construction as defined in The County Finm ce Act, as amended, and
<br /> that the period of the life of such building is estimated as a period of forty
<br /> years, said period being computed from December 8, 1953, being a date not ~later
<br /> than one year after the final passage of said order, and that said period expires
<br /> December 8, 1993.
<br />
<br /> Section 2. That for the purpose Provided in said order there shall be issaed the
<br />
<br /> negotiable coupon bonds of the County of Ca. ba.rrus, in the aggregate principal amount of $72,000~
<br />
<br /> designated "Courthouse Bonds" consisting of 72 bo~ds of the denomination of $1,000 each, numbere,
<br /> 1 to 72, inclusive, dated March 1, 1953, maturing annually, March 1, in unmerical order, lowest
<br /> numbers f~rst, $4,000 1954 to 1956, $5,000 1957 to 1960, a~d $10,000 1961 to 1964, all in-
<br />
<br /> clusive, without option of prior payment, and bearing interest a~ a rate of rates not exceeding
<br /> 6% per annum to be determined by the Local Government Commission at the time the bonds are sold,
<br /> which interest~ shall be payable semi-anually on the first days of March amd September. of each
<br /> year, beth the principal of and the interest on said b~nds to be payable at The Chase National
<br /> Bank of the City of New York, in the Borough of Mamhattan~ City and State of New York, in any
<br /> coin or currency of the United States of America which, at the respective dates of payment
<br />
<br /> thereof, is legal ~endar for the payment of public and private debts.
<br />
<br /> 8ection 3, That said Courthouse Bonds shall be signed by the Chaima~ of the Board of
<br />
<br /> Commissioners and by the Register of Deeds and ex officio ~le~k of said Board~ under the cor-
<br /> porate seal of said county, and the interest coupons to be attached to said bon~ shall be
<br /> executed with the facsimile signature of said Register of Deeds and ex officio Clerk. said bond:
<br /> and coupons and the endorsements to be printed upon the reverse of said bonds ~ be in sub-
<br /> stantially the following forms;
<br />
<br />
<br />
|