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The Board of Commissioners for the County of Cabarrus, North Carolina, met in adjourned regull r session at the County Courthouse in Concord, the regular place of meeting, at 10:00 o'clock A M August 13, 1962. Present: Chairman W.Frank McCray and Commissioners P Ernest Stallings arfl W.C~uy Isenhour Absent: M.Smoot Lyles and L Bowman Barrier. Also present: J H Harward, County Accountant, and John R. Boger, Register of Deeds and ex offi to Clerk of Board of Commissioners. Commissioner P.Ernest Stallings introduced the following order authorizing bonds which was re~d: ORDER AUTHORIZING $125,000 S(~OOL BUILDING BONDS 14HEREAS, %~e Concord City~ Board of Education l~as certified to this Board a resolution passec on August 13,1962, showing that adequate shcool facilities are not now available in the Concord City Administrative !ttnit to comply with the requirements of Section 3 of Article IX of the Constitution of North Caroiina for the maintenance of schools six months in every year, and that it is necessary, in order to maintain such six months' school term as required hy said Section 3 of Article IX of the Constitution, to erect an addition to the Beverly Hills School in the City of Concord and acquire necessary equipment therefor, the estimated cost of which is $125,000; and WHEREAS, said resolution requests the Board of Commisioners to take all necessary steps, by the issuance of bonds or otherwise, so that such school facility may he provided; and WHEREAS, The Board of Commissioners has carefully examined th~ facts and has determined and hereby find as a fact that said statements of the above mentioned resolution are true and that i .... it has become the duty of said Board of Commissioners, acting as an administrative agent of the State inproviding a State system of public schools, to order the issuance of bonds of the County of Caharrus so that the school facility mentioned in paragraph 1 of this order and in said resolution may he provided in order to maintain the six months' school term in the County of Caharrus as required hy Section 3 of Article IX of the Constitution; now, therefore, BE IT ORDERED AND RESOLVED hy the Board of Commissioners for the County of Caharrus". 1. That, pursuant to The County Finance Act, ss amended, and in order to maintain the six months' school term in said County of Caharrus as required hy Section 3 of Article IX of the Constitution, School Building Bonds of the County of Cabarrus, North Carolina, shall he issued in an aggregate principal amount not exceeding $125,000 for. the purpose of providtn9 funds, with any other available funds, for erecting an addition to th Beverly Hills School in the City of Concord and acquiring necessary equipment therefor in order toprovide an additional school facility,, in the County of Caharrus. 2. That the puroise for which said bonds are authorized are herei nahove set forth and for whi :h the proceeds of the bonds will be expended is hereby found and declared to be a necessary expense of the County of Caharrus within the meaning of Section 7 of Article VII of the Constitution of North Cato 1 ! na. 3,/ That a tax sufficient to pay the principal of an~L~ ;iiLer~ ssi~boncls wl~n~u¢ shal~ be annualIy levied and collected. 4. That a statement of the County debt has been filed with the Clerk and is open to public inspectiofi