BC 1954 09 07 - Laserfiche WebLink

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236 2nd Week Collett, Brownie G. T 2 Beaver, Mack T 4 Hemphiil,-James T 1~ Kiser, Keraleth T ll Holshouser, H.A. T 12 Overoash~ J.W. T 3 ~1~ Holshouser, Paul Jr. T 12 Whittington, R.M. T 4 Polk, L.H. T 1~ Moose, H.A. T 12 Williams~ Joe J T 12 Roseman, Clausell T 6 Sechlor, K.B. T 4 Moore, Robert M T 12 Morris, Robert W T 4 Perkins, Neal T 12 Jones, Branson C T 12 Burrage, G.K. T 5 Helms, Wallace L T 12 Lipe, Harry T 11 Dry, Vernon T 12 Mi%chain, D.H. T 4 Moore, Coleman T i2 Collins, Hallie T 4 -Pearson, ~rt W ~ T 12 C~ley,C~f£ord A. T 12 Rlaek~t~er, Ralph E T 4 Helms, E. Brice~ T .10 Lackey, C.B. T 4 Bamcom, Neal T 4 Tucker, M.E. T 4 Allen, Fred, A T 12 Mo~re, R.F. T 1; A regular meeting of t~ Board of Commissioners for the County of Cabarrus, North Carolins, cOnVened at the C°unt. j CoUrthouSe in Concord, N°~h c~i~,the re,ar Place of meeting, at lO:OO o'clock, A. r~., S~eptember 7, 1954. Present: Chairman J. Lee White and Commissioners M. Smoot Lyles, P.Ernest Stallings, Homer L Fink-an~ Bowman Barrier Absent: None Commissioner M. Smoot Lyles introduced the followin~ bond order which was read: ORDEE AD?fHORIZING $85,000 R~NJNDIN~ BONDS RE IT OREE~ED AND RESOLVED by th~ Board of Commissioners for the County. ~ Sa~rus: 1. That ~ ~_n~ds of~heCo~.u~_ty ~f Ca_~b~r~ r~$,N~rth C$~ol'.zpa~ ~ shall be issued, ~pu~aut to The County Finance Act, as amended, in an amount not exceeding $20,000 for the purpose of refunding a like amount of the principal of valid subsisting bonded indebtedness of said County which was incurred before January 1, 1929 for the construction of roads and bridges in said County and is evidenced by the following: $20,000 Road and Bridge Bonds, dated June 1, 1924,maturing June 1, 1955. 2. T~t bon~s of the County of Cabarrus, North Carolina, shall be issued, purs--~t to the County Finance Act, as amended, in an amount not exceeding $4,000 for the purpose of refunding a ike amount of the pr~ipal of valid subsist~ bonded indebtedness of said County which was incurre~ for necessary expenses of said Coun%y and is evidenced by the following: $4,000 9ourthouse Bonds, dated March 1, 1953, maturing March 1, 1955. 3. That bonds of ~ ~t~e County of Cabarrus, North 0~O!~, sE1 be issued, pu~ant ~ the County Finance Ac~' as amended, in an amount not exceeding $61,0OO for the purpose of refunding a like amount of the p~al of ~alid suhsisting~ bonded .indebtedness of said Counky~ which was origir~_lly incurred by the oard of Commissioners (as an administrative agent of the State in providing a State_ sys~em of p~blic schools) for maintaiu~g the constitutional si~mmths.! ~.school term and is evidenced by the following: $15,000 School Bui~ Bonds, dated Dec ember 1, 1937, maturing December 1, 1~54~ $ 1,000 School Buildin~ Bond, d~ated jUne 1, 1942, maturing June 1, 1955, $ 6,000 School Building ~onds, dated No~ember 1, 1945, maturing Ma~ 1, 1955, $16,O00 School Building onds,Series A, dated September 1, 1948, maturing March 1, 1955, ~10,0OO School Building Bonds,Series B, dated Sept"tuber 1, 1948,~ maturing March 1, 1955, ~ 8,000 School Building Bonds, Series C, dated September 1, 1948, maturing March 1, 1955, $ 5,000 Refunding School Bonds, dated September 1, 1953, maturing March 1, 1955. 4. That a tax sufficient to pay the principal and interest of the $85,000 bonds' herein autE rized when due, shall be annually levied and collected. 5. That the holders of the $85,000 bonds herein authorized shall be subrogated to all the rights and powers of t~ holders of the indebtedness refunded thereby. 6. That a stat_.~m~ ~£ th~ Co~ty debt has been ~f-te~ with~ the clerk amd is open~ to pabt-tc n- spection. 7 That this order shall take effect upon its ~ passage and shall not be submitted to the voters. The Board thereupon designated the County Acco~_ntant as the officer to make and file with th.