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The Clerk was thereupon directed to publish said order in the Concord Tribune, once in each of
<br />two successive weeks, and to publish at the foot of said order the appended note as required
<br />by the Count~'Finance Act, as amended.
<br />
<br /> I, John R.Boger,Register of Deeds and ex officio Clerk of the Board of Commissioners for the
<br />County of Cabarrus, North Carolina, DO HEREBY CERTIFY that theforegoing is a true copy of so much
<br />of the proceedings of the Board of Commissioners of said County at a regular meetingheld August
<br />i, 1955, as relates in any way to the final passage of an order authorizing $107,000 Refunding Bond
<br />of said County, and that said proceedings are recorded in Minute Book No. 13 of the minu~es of
<br />said Board, beginning at page ~ 301 and ending at page 302.
<br />
<br /> Witness m y hand and the corporate seal of said County, this 1st day of August, 1955.
<br />
<br /> JohnR.Boger
<br /> Register of Deeds and ex officio
<br /> Clerk of Board of Commissioners
<br />
<br /> The Board of Commissioners for the County of Cabarrus, North Carolina, convened in regular
<br />session at the County Courthouse inConcord~ the ~egula~ place of meeting, at 10 o, clock, A. M.
<br />
<br />August 1955.
<br />
<br /> ?resent: J. Lee White, Chairman, and Commissioners M.Smoot Lyles, P.Ernest STallings, L.
<br />Bowman Barrier and WtFr~ank McCxay
<br />
<br /> Absent: None
<br />
<br /> Commissione~ P.Ernest Stalling~s introdueed the fettering, resolution which was read:
<br />
<br /> RESOLUTION~..PROVIDING FOR THE ISSUANCE OF A $25,000 REFUNDING SCHOOL BOND
<br />
<br /> ANTI CI~ATIC~ NOTE
<br />
<br /> BE IT RESOLVED by the Board of Commissioners for the County of Cabarrus:
<br />
<br /> Section 1. That the Board of Commissioners has determined and does hereby find and declare
<br />that an order authorizing $10F, O00 refunding. bonds was ~ finally pas.s, ed_ 9n_August 1, 1955.
<br /> Section 2. That for the purpose of refunding the ~10,000 School Bonds dated October 1, 1927
<br />
<br />maturing October 1, 1955, and the $15,000 School Building Bonds date_d December 1, 1937, mturing
<br />December 1, 1955, which are described in paragraph 3 of said order, ~here sha~l be issued in
<br />anticipation of the receipt of the proceeds of a like amount of said refunding bonds, a negotiable
<br />note of the County of Cabarrus designated "R~efunding Scho01 Bond Anticipation Note", which note
<br />shall be datedSeptember 26, 1955, shall mature on March .1, 1956, without option of prior payment,
<br />shall be numbered 1, and shall bea~ interest at a rate to be determined by the Local Government
<br />Commission at the time the note is sold, not exceeding 6% per annum, which interest shall be
<br />payable at the maturity of the note to which no interest coupons shall be attached . Said note shal
<br />be payable as to principal and interst at such bank or trust company as may be determined by the
<br />Chairman of the Board after the award of the note by the Local Government Commission, and shall
<br />be payable in any coin or currency of the United States of America which, at the time of payment,
<br />is legal tender for the payment of public and private debts.
<br />
<br /> Section 3. That said note shall be signed by the Chairman of the Board of Commissionexs and by
<br />
<br />
<br />
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