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BC 1955 01 03
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BC 1955 01 03
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4/8/2003 10:34:45 AM
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Meeting Minutes
Doc Type
Minutes
Meeting Minutes - Date
1/3/1955
Board
Board of Commissioners
Meeting Type
Regular
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253 <br /> <br /> States of America which, at the respective dates of payment %hereof, is legal tender for the <br /> payment of public and private debts. <br /> <br /> Section 5. That said bonds shall be signed by the Chairman of the Board of Commissioners <br /> and' by t~ Register of Deeds and ex officio Clerk of said Board, under the corporate seal of said <br /> County, and the interest coupons to be attached to said bonds shall be executed with the facsimile <br /> signature of said Register of Deeds and ex officio Clerk. Said bonds and coupons and the <br /> endo~rsements to be printed upon the reverse of said bonds shall be in substantially thefollowing <br /> forms: <br /> <br />NO $1,000 <br />United States of America ~. <br /> State of North Carolina <br /> <br /> COUNTY OF CABARRUS <br /> <br /> The County of~ Cabarrus,. in. the.State of North. Carolina, - is. justly indebt~ ~n~. f~r- -val~ - <br /> receiyed hereby promises to pay to the bearer or, if this bo nd be registered, to tM registered <br /> ~ner hereof, on the first day of March, 19____, the principal sum of <br /> <br /> ONE THOUSAND DOLLARS <br /> <br /> and to pay interest thereon from t he date hereof at the rate of .per centum per annum until <br />payment of such principal sum, sudm snterS~t::_to~ t~he. maturity hereof being payable semi-annually <br />on the first days of March and September in each year upon the presentation and surrender of the <br />ceupons representing such interest as the same respectively fall du~. <br /> <br />Both the.principal of and the interest on this bond are pa able at The Chase National Bank of the <br />City of New York, in the Borough of Manhattan, City and State of New York, in any coin or <br />currency of the United Shares of America which, at the respective dates of payment thereof, is <br />legal tender for thep~yment of public and private debts. For the prompt payment hereof, both <br />~rincipal and interest .as the sameshall fall due, the full faith and credit of sad County of <br /> abarrus are hereby irrevocably pledged. <br /> <br /> This bond is one of a series issued by said County under and pursuant to The County Finance <br />Act, as amended, and the Local Government Act, as amended, and an order and a resolution duly <br />passed by the Board of Commissioners for said County for the purpose of ........................... <br /> <br /> It is hereby certified and recited that all acts, conditions an things required to happen, <br />exist and be performed precedent to and in the issuance of this bond by the Constitution and law s <br />of North Carolina have happened, exist and kve been performed in regular and due form am time <br />as so required; that provision has been made for the levy and collection of a direct annual tax <br />upon all taxable property within said County sufficient to pay the principaI of and the interest <br />on this bond as the same shall fall due; and that the total indebtedness of said County, including <br />this bond, does not exceed, an~.that the total indebtedness of ssi d County at the creation of <br /> ~he indebtedness refunded hereby, includirg said indebtedness, did not then exceed, any constitutio al <br /> or statutory limitation thereon. <br /> <br /> This bond may be registered as to principal along in accordance with the provisions <br />endorsed hereon. <br /> <br /> IN WITNESS WHEREOF, said Count~ of Cabarrus, by order of its Board of Commissioners, has <br /> 'aused this bond to be signed by the hairm~n of s~id BOard and by t~ Register of Deeds and <br /> ex_~fficio Cle.rk of.s_a_id ~9~rd, _un~er ~t_he_ qorporat_e sea~l 9f_ sai~ .99unty, and has caused th~ _ <br /> interest coupons attached hereto to be executed with the facsimile signature of said Register <br /> of Deeds and ex officio Clerk, all as of the 'first day of March, 1955. <br /> <br /> Chairman of Board of Commissioners <br /> <br /> Register of Deeds and ex officio <br /> Oterk of $oar~ of Commissioners <br /> (Endorsements upon bonds) <br /> <br /> CERTIFICATE OF LOCAL GOVERNMENT COMMISSION <br /> <br /> The issuance of ~he within bond has been approved under the provisions of the Local <br /> ~overnment Act of North Carolina. <br /> W. E. FASTERLING <br /> Secretary, Local Governmerh Commission <br /> <br /> Designated Assistant <br /> <br /> <br />
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